Students willing to build a business or work at a managerial level in a company pursue business administration programs. An average cost of an MBA degree from a reputed institute in India is around 15 lakhs and when it comes to pursing the same program from overseas, it costs somewhat around 35-45 lakhs, depending on the country.
Most quality students step back due to finances as an international degree comes with a heavy cost attached to it. But there are various ways like loan for higher education abroad, university and government scholarships, fellowships through which you can fund your MBA degree.
In this article, you are going to know about few of them. So, let’s begin.
Government Scholarships:
One of the ways through which you can fund your overseas education is through government scholarships and subsidy schemes. Along with an ample amount of government scholarships for studying abroad, there are various subsidy schemes as well. These are offered by the central and state government. You just need you apply for them and you are all sorted.
University Scholarships:
International Universities offers plenty of scholarships to attract some of the brightest minds across the world. If you hold a strong academic background or if you have scored excellent band in your IETLS/GMAT or TOEFL, you are all set to receive a good scholarship. You are just required to secure an admission in the university. Just search for ‘Foreign Universities Offering Scholarships’.
Student Prizes:
These are the one-time awards that are awarded for the student’s exceptional academic achievement. Along with the student prize, student’s are also awarded with a tag of the ‘Scholar’ for that year.
Private fellowships:
Multinational companies offer private fellowships to the limited number of Indian students to pursue their MBA program. Students having exceptional academic background are encouraged to apply for these fellowships. Since, these are awarded to a limited number of students, it is advisable to apply for the fellowships at the earliest.
Education Loans:
One of the most preferred option to fund an overseas education for most of the Indian students is via education loans. Banks, NBFCs and international lenders offer two types of education loans, Secured Education Loan and Unsecured Education Loan. Students should choose a suitable loan option according to their academic and financial criteria.
Apply study loan for abroad studies is a viable choice as there are multiple benefits attached to it. An MBA degree opens the door for the students in the corporate world that holds a significant impact on their professional growth and success. This degree is for those who wants to become an integral part of the business world. If you are also looking to set up your own business or work in a multi-national organization, research for popular scholarships to study overseas or for any suitable funding option and apply to as many options you can. Fund your MBA degree and fulfil your dream. For any queries related to study abroad or education loans, feel free to reach us
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