Undoubtedly, an MBA is one of the most expensive as well as one of the most rewarding of investments that one can make. It helps to both pursue managerial careers besides setting up your own startup. But this qualification is not that easy to attain and is prohibitive and exclusive due to its expensive nature. But all hope is not lost yet for you to start upon a career in the business through funding your course from the four options open to you.
Instead of standard loans you may opt to fund your course through specialized lenders who are experts in funding the MBA aspirations of students. They may provide you with funding through the community platform of alumni and other investors. One such firm Prodigy Finance has helped 2,000 students with total lending crossing over $130 million. The students were from over 92 countries and the firm has a repayment rate of over 99%.
Get a Scholarship
It is not rare to find that business programs are themselves inclusive of commercial funding sometimes from varied categories. Many of these are dealt with a first come, first serve basis. So be sure to be prompt with the process of admission.
Fund through Crowdfunding
Raising funds through crowdfunding for a variety of aims is widely gaining in popularity. But before starting out and jumping on the bandwagon lay out a detailed plan and enumerate your business development strategy if you intend to an air of seriousness to your efforts and make investors take serious note.
The last method of raising funding for your MBA is to ask your employer to fund it either wholly or partially. But keep in mind that you might be legally bound to work for the employer for a certain period of time.