Taking a huge loan for MBA as an International Student?
At every third world low-income young person's life, there is a moment of realization that no matter how successful you are, you won't become rich and you will just be slightly better off than your poor parents in the later stages of your career. In order to break this, I want to utilize an MBA in the US with absolutely no savings and no co-signers. I have the intention to take a massive risk by taking a loan of $200k+ that will probably destroy my life if I can't get a job in the US. My profile: Valedictorian - Economics at a top-tier (although not the best) university in my home country (3.7+ GPA) GRE 165Q 160V (will take it later for a better grade, just tried it with little prep to get familiar with the exam) IELTS C1 - 8.0 Internships: - M&A at a no-name local bank - Corp Treasury at an F500 company I have just graduated and received an offer from a Big Four management consulting firm that pays poorly in our region. It is impossible to transition to MBB in the home country because of the small office sizes and strict target school requirements (MBB recruits only 15 people from 2 schools each year). That train was gone right after undergrad. I plan to work 2-3 years in Big4 consulting before I apply for an MBA in the US. My questions are: 1) Would I get acceptance or even scholarships when I apply to T15? 2) Is it feasible or even legal for a person like me to take such an enormous amount of loan from institutions such as Prodigy Finance? 3) How probable is it for someone with my background to get a post-MBA consulting job that enables me to repay my loan and accelerate my career in the US? 4) Would it be worth it in the long run, considering the salary progression/MBA repayment? (I believe it does, but I wanted to learn your thoughts)
5)Should I consider other options, such as directly applying to London or Dubai, or an MBA in London/Europe? My main driver is money, so I would also consider a different country if there is better long-term salary progression.
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