Seasoning MBA Application @ US – Part 4 – Employability and Finance Post MBA
MBA is a life changing option, I learnt in the due course of time. Yes, entering into the part 4, the last part of my Admissions Race. I have now got admitted into a top B-School though I am not sure if I will accept that offer.
It is a very big investment for a normal person from Asia or other developing countries where the average salary is less than 2000 USD per month. Good Schools will get you good offers, average schools get you average offers. Reading back to the Season 1, you need to choose the group where you will be able to suit up.
If your primary goal is all about getting an offer letter from a top company like Deloitte or BCG or others then the move should be very cautious. Yes, getting placed is more important because your mindset is too poor to get only an offer letter after MBA. If you consider taking up a risk of being an entrepreneur I would have rather appreciated your move and there is a value for your MBA and the alumni base. Most of the MBA Grads will get at least 1 offer within 3 months of the completion of the course, don’t ask me about the Title or Package as it depends on the institute you have chosen.
Note that there are highly paying jobs, but still you should understand the practical situation that the highly paid jobs are trapped only by 1% of the total successful outcomers. Always have a Plan B, life is full of uncertainty.
On an average the course fees in US is around 75000 USD ++, you would need almost 3 years to repay the same if you have a decent job and staying away from the family and family expenditure.
More strategic plans for solving the Expenditures and financing the MBA is discussed in my upcoming book with various case studies.
Thanks for reading my posts constantly.