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I will soon graduate from university, how can I finance a MBA without rich parents etc? Should I wait until I have the possibility that my employee supports me and how are the chances for a scolarship?
I will soon graduate from university, how can I finance a MBA without rich parents etc? Should I wait until I have the possibility that my employee supports me and how are the chances for a scolarship?

Thanks in advance
Pia V. Knipping


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Answer from Judge Institute of Management, University of Cambridge:

Thank you for your questions.

Firstly you will need at least two years work experience after your graduation as a minimum before you apply to our school.

There are a number of scholarships available. You should look into EU scholarships, ask at the British Council if there are any available for you, also check the websites and brochures of the courses you are interested. There are always some scholarships there.

I am afraid that employers are more and more reluctant to fund their staff to do an MBA. You could of course choose your post degree employer on the basis of whether they fund their staff to do an MBA.

Louise

Answer from Manchester Business School:

Thank you for your recent enquiry.

Each year Manchester Business School offers 10 scholarships of £5,000 for applicants to the Full-time MBA programme. These scholarships are awarded on merit and to qualify, applications must be received by 31st March.

On the Full-time programme, students tend to finance their MBA through one of the preferential loan schemes available.

Career Development Loans (CDL) - are available through a partnership arrangement between the Department for Education and Employment and four major UK banks: Barclays Bank, the Co-operative Bank, Clydesdale Bank and The Royal Bank of Scotland. Full-time students may borrow up to £8,000 towards the cost of fees and living expenses. The Department for Education and Employment pays the interest on the loan while you're training and you do not have to start repaying until one month after the end of your course. Full scheme details are available on the CDL website: www.lifelonglearning.co.uk/cdl/index.htm

HSBC Loan Scheme - The scheme covers all tuition fees and living expenses up to the greater of £5,000 or two-thirds of any salary earned in the 12 months prior to the start of a course. Interest is charged at 2% above HSBC Bank's base rate for the duration of the loan. Other special features of the loan include no guarantee or security requirements, a repayment holiday until six months after graduation, no penalties for early repayment, no fees and structured loan installments to match individual student needs.

HSBC will assess a student loan application once the student has accepted a place on an MBS programme. Please note that the final decision to grant the loan is made by HSBC.

More details are available from HSBC Bank plc, King Street Branch, PO Box 360 100 King Street, Manchester M60 2HD, tel. 08457 404 404, fax 0161 910 2003

Please do not hesitate to contact me should you require any further information or assistance.

Kind Regards
Kate Bradley
Dieser Artikel ist erschienen am 14.02.2003