• Work experience is a must if you are seeking admission to an MBA programme in a college in the US, UK or Australia. Most colleges ask for three-five years’ experience.
“We look for middle-level management exposure,” says Jayashree Raghuraman, manager of South Asia for Leeds Metropolitan University, UK, which takes in 200 Indian students every year, of which 120 opt for its MBA programme
• Working in a family business also counts as work experience
• Consult a good counsellor—who will take into account your adaptability to food, weather and sparsely populated university towns before helping you choose a college. A number of colleges send their own counsellors or faculty to conduct interviews of Indian students
• A Graduate Management Admission Test, or Gmat, score is not necessary for admission to an MBA course in many universities in the UK and Australia. The universities that do not ask for a Gmat score for their MBA programme include:
• Leeds Metropolitan University www.leedsmet.ac.uk
• Sheffield Hallam University
• University of Exeter www.sobe.ex.ac.uk
• Glasgow University www.gla.ac.uk/
• Deakin University www.deakin.edu.au/international
• Murdoch University www.mbs.murdoch.edu.au/
• Most colleges need Gmat scores. Those that do not are listed individually on www.petersons.com/mba/code/search.asp
• Canara Bank, Bank of Baroda, State Bank of India and Punjab National Bank are the big players in education loans in India.
A student can borrow up to Rs7.5 lakh without security. Higher amounts need a mortgageable security such as a house or liquid security (for example, fixed deposits or National Savings Certificates) or a guarantee from a person whose net worth is more than the loan amount.
• Most colleges ask for a statement of purpose and two references from people you have worked with. You, the candidate, should write the statement of purpose yourself, as it gives the college an idea of your suitability as well as language skills.
• Your spouse can travel with you if you get a student visa. His or her visa application needs a separate bank statement showing that financial support won’t be an issue during your stay abroad.
• After completing their MBA, international students in the US can apply for optional practical training. This allows them to work for one year in that country. Students who have studied in the UK are eligible to seek work for up to two years without a sponsor or work permit since June 30 this year. An international student pursuing a two-year MBA programme is allowed to apply for permanent residence in Australia.
This information has been sourced from the British high commission, New Delhi; the US embassy, New Delhi; Deakin University, Australia; Leeds Metropolitan University, the UK; and Studylink.com.