Financing MBA degree

Hello Mr Tan,

I have been reading your blog for quite sometime and find it very enlightening. Thank you for educating the public about personal finance.

I am a fresh graduate from a local university, who has just started work in the financial sector. I would intend to pursue an overseas MBA in the states in perhaps 2-3year's time. Is it more advisable to accumulate money to fund the MBA or take up a loan?

If I were to accumulate money, where can I invest in to generate better returns for financing the MBA?

I have been searching online for information but the MBA education websites are mostly catered for Americans. Is there any website that has more information for Singaporean graduates who would want to fund their studies abroad and the estimated fees for the MBA?

MY REPLY

You can read this FAQ about investing your money ....

http://www.tankinlian.com/faq/august.html
http://www.tankinlian.com/faq/fptips.html

For your MBA course, see if you can get some info from this website

www.askdrmoney.com

Many people who spend time and money to pursue a MBA degree. If they do not get the degree from a prestigious university or study full time, they may find the degree to be not well recognised. You should talk to those who have taken the MBA degree in this manner, and see if they can advise you.

If you can get a place at a prestigious American university, such as Harvard, you will find it easy to get a good job from prospective employers. Many of them recruit from the graduates of these top tier universities. I know of a few people who pursued this option. They make very good progress.

Wish you all the best.