facebookI plan to get a MBA in either US or Europe, how do you normally fund this if you don't have a scholarship? - Seedly

Kenneth Lou

Co-founder at Seedly

28 Feb 2020

Career

I plan to get a MBA in either US or Europe, how do you normally fund this if you don't have a scholarship?

I understand that it can cost between $50k to $150k per MBA program which lasts between 10 to 12 months. Wondering how normal people fund this or do they do it on their own?

Discussion (4)

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Pascal S

28 Feb 2020

MBA Graduate at Singapore Management University

Hi Kenneth,

Most of the folks I know when through those routes to study in US or in Europe,

  1. Loan

  2. Self-Funded

  3. Company-Funded

Prodigy Finance is a popular student loan provider that I have been hearing of (I have no affiliated link or whatsoever) for some INSEAD MBA students whether in Singapore or in France.

Rare are the institutions who will provide bond-free, interest-free scholarships / financial assistance, but they might exist.

The other way is to self-fund by dipping in your savings and/or building your dividend-paying portfolio, which you could also, technically, borrow a loan against.

Last resort, why do you want to do an MBA in the first place?

Happy to share more resources with you in private

Cheers,

Pascal (Blog)​​​

One cheaper option would be down-to-earth Open University (UK) online MBA program that requires only several days in "residential school' in Europe. Mabe interesting ...

Elijah Lee

25 Feb 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Kenneth,

Very interstingly, I have a client who is undergoing the same situation (I was asked li...

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