How to Win a Scholarship for Doing MBA Abroad
The falling rupee has put a dent in the programs of many pupils planning to get an overseas education
including MBA at 2013. 8 more percent compared to last year together with a 10% average growth in tuition expenses, their expenses have shot up by 20%. Getting a scholarship has never looked more significant since many could save up to 50% of tuition expenses.
Some of the critical factors that need to be kept in mind will applying for a GMAT MBA scholarship are :
1. Where to look – Many institutes provide scholarships that are not well known since it is not overtly publicized – attempt to tap those. You could search online for scholarships according to your own alma mater, business college you aspire to combine, sex, nationality, intended area of study etc.. Take for instance that the Rajiv Gandhi scholarship for Indian pupils in the Imperial college London for pupils that are committed to return to India after completing their studies. Combine student/alumni forums of universities that ought to offer you information on the available types of financing. Additionally, it is better to have all questions resolved at the beginning with the entrance cell of the university.
2. Timing – Most schools initiate the process of screening applications such as awarding scholarships early on. It consequently is reasonable apply to the class early since it guarantees the college your seriousness and commitment to pursue their own programme.
3. Priming the program – While the significance of scoring good in GMAT cannot be stressed enough, the attention should also be on providing excellent essays – that your MBA coach should have the ability to guide you, and introducing your academic and/or career graph interestingly. Preparing to ace the interview is also quite critical.
4. Getting realistic – Let us acknowledge that attaining a merit scholarship isn't simple due to the stiff competition. However, there are other awards that might help offset the myriad costs that entail the procedure right from enrolling to your GMAT. As an instance, this season, the Beat the GMAT competition awarded 8 scholarship packages to pupils including complete GMAT test preparation course and also an admissions consulting bundle. Also, balance your aspirational list of B colleges; although it's important to find out for challenging programmes, be sure to also have practical selections factored in.
To merit a scholarship, your whole application should stick out. However, the secret to being selected undoubtedly lies in having the ability to dish out a high GMAT score. It'll be the key differentiator which will ascertain if you'll only get into the college of your choice or may also receive considerable financial support to finance your education – something that will go on and improve your life. Get started with GMAT preparations at the earliest and understand its dynamics entirely to place the foundation for the future.