by Hema Solanki, Recruitment Coordinator, Executive MBA
It may be an expensive leg of your educational journey, but the Executive MBA will definitely pay dividends. Now that you have decided on the programme, your next crucial decision will be how to fund the tuition fees. Funding options range from a combination of Corporate Funding, loans, scholarships and personal savings.
Be sure to organise the financing early so you can proceed with your application without delays.
Applications for our January 2019 intake are open and the penultimate deadline is on 29th October.
Prodigy Finance is a fantastic private loan company whom many of our students use. When considering your application, they use a predictive tool to gauge your earning potential after graduation, as opposed to current and past earnings. They fund students from over 150 eligible countries. Successful applicants may also be eligible for a variety of other loans to finance the programme.
Have an open conversation with your employer about whether they are willing to invest in you with sponsorship or even a contribution. In order to support your request our Business Development Manager, Juan Rosati, can help you build a business case to get their buy-in by highlighting how much more of an asset you will become to the firm. Your employer may consider collaborating in a shared-funding interest free loan and reimbursement or the tax efficient salary sacrifice. The key to this is ask and persist.
There are a number of Academic scholarships to explore and see whether you fit the necessary parameters. There are scholarships tailored specifically for candidates from the Middle East, the Muna Al Gurg scholarship; women, the 30% Club scholarship; and specifically Indian women, the Monica and Navin Valrani scholarship.
With a clear picture of the opportunities you will have post-graduation, present the benefits of this to your family for support and consider using your personal savings.
We are hosting the ‘How to Finance your Executive MBA’ webinar on Thursday 8th November from 1pm to 2pm, which is being hosted by our teams from Recruitment and Business Development as well as a representative from Prodigy Finance. Please register your interest if you would like to attend.
Although the cost of this programme may seem expensive, it will certainly pay for itself in the long term. Try not to obsess over it, explore every avenue presented above and sign up to the webinar for more information. Not only will you have a very marketable qualification, you will belong to the London Business School alumni community.
Contact the EMBA Recruitment team and we’ll be happy to have the conversation with you.