impact of new restriction to indian applicants to US B schls

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abhaypratapsingh: Senior | Next Rank: 100 Posts; Posts: 51; Joined: Sat Mar 22, 2008 1:08 am; Thanked: 2 times

by abhaypratapsingh » Fri Feb 06, 2009 8:50 pm

Hi Guys:
What do you think will be impact of new restriction under TARP on hiring H1b visa holders in financial sector on indian aspirants for an US MBA ?

https://www.thestandard.com/news/2009/02 ... lout-money

Thanks,
abhay

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Source: Beat The GMAT — The Application Process | Fri Feb 06, 2009 8:50 pm

VP_MBA_Guru: MBA Admissions Consultant; Posts: 690; Joined: Thu May 01, 2008 12:51 pmFollowed by: 3 members; Thanked: 39 times; GMAT Score:750+

by VP_MBA_Guru » Sat Feb 07, 2009 8:50 am

wow, interesting post.

Nikhil P. | Admissions Consultant | Veritas Prep

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abhaypratapsingh: Senior | Next Rank: 100 Posts; Posts: 51; Joined: Sat Mar 22, 2008 1:08 am; Thanked: 2 times

by abhaypratapsingh » Sat Feb 07, 2009 7:26 pm

I calculated my opportunity cost for US MBA and it came out to be 250-300 K . Top it with nose diving economy of US and US govt putting restriction really grim chances of post graduation employment. I am based of Singapore and realize that brand value of top US Business schools (apart from top 5) is not strong enough to justify the cost. Is it really a worth doing MBA from US for an Asian in current economy situation?

thnks,

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moadhia: Senior | Next Rank: 100 Posts; Posts: 64; Joined: Fri Nov 21, 2008 6:42 am; Thanked: 1 times

by moadhia » Tue Feb 10, 2009 12:03 pm

I dont know how MBA program can justify 100K plus tuition over 2 years. Considering I-Banking and Consulting jobs are dwindling in these turbulent times, why would anyone give up 60K jobs and pay this much. Its insane !!! Somethings needs to be done about this.

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arihantgmat: Newbie | Next Rank: 10 Posts; Posts: 8; Joined: Sat Nov 15, 2008 11:58 pm

by arihantgmat » Sun Feb 22, 2009 9:34 pm

Hello everyone.. I am a lil confused, afraid of applying to US schools during such turbulent times. Can some answer the original question?? Or better what are the views of the other asian applicants who are planning to apply to US B schools?? Is it worth spending the money??
100 K tution fees for two years
120 K -- money lost due to no job for two years ( Considering an average salary of 60K)

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