MBA Ahoy!
Well i've wired my 6000 CHF deposit and am now within sniffing distance of the St Gallen MBA! And yes i'm rubbing my hands in anticipation!!Well for the uninitiated... the MBA program at St Gallen provides funding for its participants. The Euro/Swiss participants get a bank loan to fund their entire fees of 48000 CHF (including the initial deposit of 6000 CHF) at an interest rate of 4% per annum.
For non-EU participants, the Univ offers a loan of 42000 CHF at 5% interest p.a. repayable over 3 years starting 6 months after graduation.
and mind you.. both of these loans are without collateral!
My 2 cents:
By having this arrangement, St Gallen has made life a lot simpler for its participants. Arranging finances to fund one's MBA studies can really be a nightmare! INSEAD had an ABN AMRO loan program but after that was discontinued.. people have had a lot of trouble coughing up the MBA fees of 48000 Euros!
Quality education does come at a price, but by leveraging its brand name to arrange affordable funds for its MBA students, St Gallen has shown faith in the future leaders that it is nurturing!
That's really great anyway you look at it.
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