Just an advice
Abhi,
1) IIT or no IIT, if you have a good GMAT score and a good work ex, you stand a good chance of getting through. Obvisiouly, being from IIT helps but that's not the sole criteria.
2) Loan of 15 lakhs, looks like my story!! Abhi, always remember, there would be lot of things at stake and till the time you repay the loan, you won't find peace. ( My words might sound harsh but I want to tell you the truth)
3) Lot of people go for MBA or MS just to get an entry to a foreign country. There is nothing wrong with this, but why to spend so much of money on MBA if there are so many firms who can sponsor your H1B ( thus you get a taste of a foreign country). I think you are looking for good education but you can get that in India too, so again why to spend 15 lakhs ?
4) Lets say you get admission to a good MBA school outside India, you get some sort of aid, you finish your MBA and get a job too. Now, you will like to stay in that country untill you repay your loan of 15 lakhs and it might take you couple of years. So, whats the problem ? the problem is, after staying in that foreign country for few years, it would be difficult for you to go back to India and work in some sort of hostile enviornment. There is a hugeeeeeeeee difference between the work env we have here and what we have in India. Then your heart will say "go to India" to be with your family but mind will say "stick to this country" and its very hard to decide ( I haven't been able to decide since the last 5 years).
Some day ( after your MBA ), you will be earning very good money but at that time you might have to take a decision between staying abroad or to go back to India.
I am in no mood to discourage you but if you are taking such a big step in your life, it's my duty to tell you about all the pros and cons. I have been through the same situation.
One last thing, hard work always pay and specially in this country and you will earn good money ( I mean really good!! ) but be prepared for the initial hardships ( if they come ).
Good luck and always remember, destiny rules.
Ajay
abhimanyu09 said:
Ajay sir,
Thank you for taking the efforts to clarify all my doubts,
your answers have been very crisp n have helped me get a better vision of the scenario ahead.
I will take off with my GMAT preps and try n make it by next year.
The only other thing is that im not from the IITs and my acads have been average through my Engineering and i only got into the momentum after i started working.
But like u said Work Ex is a big criteria for selection,im hoping i can make it up with this as i have names like IBM n TCS to boast of in my resume.
Im sure i can manage an eduation loan for as much as 15lakhs,plus if i get some aid it will be a bonus..but nething beyond that would be unaffordable to be honest.
I am firm on an MBA,just want to be sure it'll pay off and give me a standing keeping my past work ex in consideration.
Thanks again for you help.