PythaGURUS MBA Admissions: Do you have a rich father? Are you married or Single?
Dear Applicants, Your Dilemma: You tell me! What would you do? Would you take a 95 lac loan and go to MIT Sloan, Tuck, Columbia (1.16crores), or would you rather join Kelley with 50% scholarship. Do you have a rich father who will fund your MBA? Or are you married, have a home loan, and are keen on an education that comes with maximum scholarship (Even though at the cost of the Brand of the school you will join). What is your appetite for risk? One of my applicants recently shared that “Marriage kills the risk appetite”, and then he smiled. I was also told that “I will understand this someday” and then he smiled…. Coming back to the Original Dilemma: WHO WILL FACE THIS DILEMMA: You could be an Indian Male with 5+ years of work experience and a 720+ score or an Indian Female applicant with 3+ years of work experience with again a 720+ Score. If you are an Indian Female applicant with a GMAT =/> 730 or an Indian male applicant with a GMAT >/=740, you will have bigger $$$$ Dilemmas. For example, Vikram shared his decision to join Boston College with a 65 lakh Scholarship as opposed to joining Kelley with a 45 lac scholarship. Many of you met him, and he shared his reasons for these choices vividly. He was primarily driven by scholarships, and was not keen on taking a loan at all. Even though he had to give up a rank 20’ish school, and join a school below 30, he had his own risk appetite. MORE CASES OF THESE DILEMMAS: VERY WIDE PATTERNS OF HOW THE INDIAN MIND WORKS AND HOW THE STUDENTS MADE THESE DECISIONS