what are the best ways to finance your MBA? Finance an MBA can be a singifical financial commitment, but thete are several way to manage the costs and make it more affordable.

Hi!

Candidates who wish to pursue an MBA from India always find themselves in a dilemma that how will they be able to finance their education as MBA is one of the most expensive academic programme specially, if pursued from the institutes such as IIMs, MDI, XLRI, NMIMS, etc. The fees for pursuing the MBA in India can somewhere range between Rs. 15 lakh to Rs. 40 lakh depending upon the institute. However, some exceptions are there as some of the colleges in India offers an MBA at very less cost but the number of such colleges is very less.

Therefore, there are several ways which might help candidates to finance their MBA education in India. Some of the ways to finance MBA education are given below:

• Education Loan: It is one of the most popular ways among students to finance their management education. Almost every business school has a tie-up with a bank which offers education loan to students at nominal interest rates. Students who secure admission to the institute are required to contact these banks, follow the procedure, submit all the required documents, and get the loan amount sanctioned.
• Fee Waiver: A number of business schools offers fee concession to candidates who belong to the reserved category or whose family income is less than the specified income bracket.
• Scholarships: A number of business schools in India offers various need-based, and merit-based scholarships to deserving students.
• Competitions: After getting admission in the college, students can participate in various business school, and corporate competitions.

The list given above is non-exhaustive, there can be other ways as well to finance the MBA education.