Financing your studies

HOW TO FUND THE MBA

The financial investment in undertaking the MBA is considerable. The usual methods apply: Personal Savings, Borrowings and Sponsorships. Our view is you should first decide to do an MBA. Then you should decide which universities you would consider studying at. To give yourself the best chance, you’ll probably want to look at Overseas and Australian MBAs.

Find out what the entry requirements are and consider how well you meet those requirements. That will entail talking to past MBAs from various school, work colleagues (with and without an MBA), careers advisors, your managers and the like, as well as going to open days and doing the GMAT test. Assuming that you believe that you stand a reasonable chance of winning a place then figure out how you will fund the study. You should take into account that the cost will not just be the fees. You will have to factor in accommodation, food, travel and of course books.

Choose the most appropriate sources of finance to match your circumstances.

Remember to look at the Cranfield Sponsorships that are available. Have a good look at the Cranfield Australian Alumni Scholarship worth A$90,000.