Hi Puys, Recently more and more executives have been opting for Exec 1yr MBA’s by taking a break from their existing jobs. While life after MBA does look very promising it is the 1 yr period in between - when you have no income - that sometim…
Hi Puys,
Recently more and more executives have been opting for Exec 1yr MBA's by taking a break from their existing jobs. While life after MBA does look very promising it is the 1 yr period in between - when you have no income - that sometimes gets tricky to handle. The older you get the more responsibilities you shoulder. In addition there are personal commitments and responsibilities such as working wife, young kids, dependent parents, siblings where sacrifices might be required.
The purpose of this thread is to invite all puys who have faced and overcome such challenges in order to achieve their goal to come and share their experiences which can help MBA aspirants to plan out their strategies.
I would propose to use the following format:
Professional Front
Experience in Yrs before MBA
Salary before MBA
Loans/Investments other liabilities
What were the challenges you faced? How did you plan to address them initially. Did every thing work out as per plan? What are the things to watch out for?
Personal Front
Marital Status
Kids
Other Dependents (parents/siblings)
What were the challenges you faced? How did you plan to address them initially. Did every thing work out as per plan? What are the things to watch out for?
Hi Invalid , I am responding in regard to your request.
I am doing my PGPX from IIM-A. I have taken a loan from Credila (HDFC's student loan arm) for this purpose. THere were several other batch mates of mine who applied and we were able to get a bulk deal , with waiver of the collateral clause and a marginally smaller interest rate. Credila covers the entire Fees/living expenses for the course. There is an option of paying simple interest through the duration of the course or a moratorium. In the second option , the candidate needs to be start paying back EMI's only after 6 months post-course completion. So if the course gets over in March 2012 , one needs to start paying only in September 2012. There are different rates for different loan tenors....
If there are specific questions , please feel free to PM me.
-Chandu
Hi one and all.....