Funding

In today’s business world, you need the right combination of street smarts and book knowledge to survive and thrive. Here are three reasons why an MBA is your best bet to achieve this while working.

MBAs rarely come as a bargain. Fees often start at $50,000 and can easily reach six figured amounts. For many students winning a scholarship is the only way to gain access to an MBA program.

While more and more employees are prepared to pay for an EMBA program themselves, several companies have cut their continuing education budgets for the short-term and are thereby frustrating eager employees.

In the middle of a worldwide recession the schools themselves are wrestling with that question. Matt Symonds discovers new ways to plug the MBA funding gap left by the banking community.

Together with Indians, Americans have become the second-largest group (after Germans) in the new class of the full-time MBA at the HHL – Leipzig Graduate School of Management. One reason for this is the ability to finance the program through loans from the US government.

Tuition fees for MBA programs have increased dramatically, however students demand more than a few years ago. These were the results from an analysis by British Economist.

The IMD Scholarship Foundation is pleased to announce a new IMD MBA scholarship that will be awarded to support an individual coming from an emerging country and who works either as a social entrepreneur or for an NGO. The aim of the scholarship is to increase the class diversity and learning experience and to support a participant who otherwise would not be able to attend the IMD MBA program.

QS Quacquarelli Symonds, organizers of the World MBA Tour, has announced a scholarship fund total of US $1.6 million to MBA and postgraduate attendees of its 2009 international fairs. The scholarships are provided primarily from business schools and universities.

Scholarships amounting to two million euros per year are available to the over 900 students at Insead each year. Approximately one-fifth of the students receive financial support.

When it comes to financing an MBA program, Americans, Asians and Europeans have very different tendencies. This was illustrated by a survey from QS TopMBA, the organizer of the “World MBA Tour” trade show.