{"id":1507,"date":"2020-11-18T16:47:33","date_gmt":"2020-11-18T16:47:33","guid":{"rendered":"https:\/\/www.iese.edu\/standout\/?p=1507"},"modified":"2025-10-03T06:50:11","modified_gmt":"2025-10-03T06:50:11","slug":"mba-how-to-finance","status":"publish","type":"post","link":"https:\/\/www.iese.edu\/standout\/mba-how-to-finance\/","title":{"rendered":"The best way to finance an MBA program"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text css=&#8221;&#8221;]Completing an <a style=\"text-decoration: none;\" href=\"https:\/\/mba.iese.edu\/\" rel=\"noopener noreferrer\"><strong>MBA program<\/strong><\/a> is arguably among the best decisions a young business professional can make in life, as it not only <a style=\"text-decoration: none;\" href=\"https:\/\/www.iese.edu\/mba\/career-impact\/\" rel=\"noopener noreferrer\"><strong>boosts your career prospects<\/strong><\/a>, but also helps you see the world from a totally new perspective.<\/p>\n<p>However, just after candidates pass the <a style=\"text-decoration: none;\" href=\"https:\/\/www.iese.edu\/mba\/admissions-fees\/\" rel=\"noopener\"><strong>admission process<\/strong><\/a>, a new headache begins for many of them: how to get the necessary resources to <a style=\"text-decoration: none;\" href=\"https:\/\/www.iese.edu\/loans-scholarships\/\" rel=\"noopener noreferrer\"><strong>finance the program<\/strong><\/a>.<\/p>\n<p>We understand that it\u2019s no small issue. The <a style=\"text-decoration: none;\" href=\"https:\/\/www.iese.edu\/mba\/admissions-fees\/\" rel=\"noopener\"><strong>cost of tuition<\/strong><\/a> of the MBA programs <a style=\"text-decoration: none;\" href=\"https:\/\/www.iese.edu\/rankings\/\" rel=\"noopener noreferrer\"><strong>ranked among the world\u2019s best<\/strong><\/a> costs around between <strong>\u20ac70,000 and \u20ac140,000<\/strong>. Then figure in added <strong> living costs<\/strong> of whichever city you\u2019re studying in while foregoing a full-time source of income.<\/p>\n<p>When planning this process, students often turn to various funding sources. And business schools offer them an array alternatives to cover the costs of the program in the simplest possible way.<\/p>\n<h2>How to finance an MBA<\/h2>\n<p>Financing your MBA doesn&#8217;t have to be that difficult. Here are your best options:[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"clearboth\"><\/div><style>#thegem-divider-69ddf291d44d0 {margin-top: 35px !important;}<\/style><div id=\"thegem-divider-69ddf291d44d0\" class=\"gem-divider  \" style=\"\" ><\/div>[vc_column_text css=&#8221;&#8221;]<\/p>\n<h3 class=\"title-h3\"><span class=\"subrat\">1.<\/span> Scholarships<\/h3>\n<p>Aware of the need to attract the best talent, almost all business schools offer a wide <a style=\"text-decoration: none;\" href=\"https:\/\/www.iese.edu\/loans-scholarships\/\" rel=\"noopener noreferrer\"><strong>range of MBA scholarships<\/strong><\/a>\u00a0that in some cases cover more than half of tuition.<\/p>\n<p>There are grants for students with outstanding academic records, dependent family members and those who come from developing countries as well as grants related to entrepreneurship or social impact projects, help for candidates with economic limitations or for those in specific sectors, and also scholarships earmarked for <a style=\"text-decoration: none;\" href=\"https:\/\/mba.iese.edu\/living-the-iese-mba-2\/women-in-mba\/\" rel=\"noopener noreferrer\"><strong>female<\/strong><\/a> <a style=\"text-decoration: none;\" href=\"https:\/\/mba.iese.edu\/living-the-iese-mba-2\/women-in-mba\/\" rel=\"noopener noreferrer\"><strong>students<\/strong><\/a>, among others.[\/vc_column_text]<div class=\"clearboth\"><\/div><style>#thegem-divider-69ddf291d4514 {margin-top: 35px !important;}<\/style><div id=\"thegem-divider-69ddf291d4514\" class=\"gem-divider  \" style=\"\" ><\/div>[\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221;][vc_column width=&#8221;1\/2&#8243; disable_custom_paddings_tablet=&#8221;true&#8221; disable_custom_paddings_mobile=&#8221;true&#8221; css=&#8221;.vc_custom_1606152068815{padding-right: 70px !important;padding-left: 70px !important;background-color: #000000 !important;}&#8221;][vc_column_text]<\/p>\n<div class=\"title-h2\"><span style=\"color: #ffffff;\"><strong>Many students use different funding sources, and business schools offer them various alternatives to cover program costs.<\/strong><\/span><\/div>\n<p>[\/vc_column_text]<div class=\"clearboth\"><\/div><style>#thegem-divider-69ddf291d453a {margin-top: 50px !important;}<\/style><div id=\"thegem-divider-69ddf291d453a\" class=\"gem-divider  \" style=\"\" ><\/div>[vc_column_text]<\/p>\n<div class=\"title-h2\"><\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1606151865544{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 300px !important;padding-bottom: 300px !important;background-image: url(https:\/\/www.iese.edu\/standout\/wp-content\/uploads\/2019\/08\/mba-program.jpg?id=1513) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"clearboth\"><\/div><style>#thegem-divider-69ddf291d455b {margin-top: 35px !important;}<\/style><div id=\"thegem-divider-69ddf291d455b\" class=\"gem-divider  \" style=\"\" ><\/div>[vc_column_text css=&#8221;&#8221;]<\/p>\n<h3 class=\"title-h3\"><span class=\"subrat\">2.<\/span> Loans<\/h3>\n<p>The <a style=\"text-decoration: none;\" href=\"https:\/\/www.iese.edu\/loans-scholarships\/\" rel=\"noopener noreferrer\"><strong>specific credit lines for MBA students<\/strong> <\/a>are another of the financing channels that you can use. Schools usually establish agreements with financial institutions that include options that are adaptable to the individual situation of each student, thus helping everyone to become the senior managers they aspire to be.<\/p>\n<p>There are also agreements between schools and the governments of certain countries that offer <strong>public loans <\/strong>for financing the problem. Other candidates ause <strong>personal loans<\/strong> to finance their studies.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"clearboth\"><\/div><style>#thegem-divider-69ddf291d4576 {margin-top: 35px !important;}<\/style><div id=\"thegem-divider-69ddf291d4576\" class=\"gem-divider  \" style=\"\" ><\/div>[vc_column_text]<\/p>\n<h3 class=\"title-h3\"><span class=\"subrat\">3.<\/span> Company sponsorship<\/h3>\n<p>Some companies sponsor students for part or all of their MBA program and its costs, <a style=\"text-decoration: none;\" href=\"https:\/\/mba.iese.edu\/\" rel=\"noopener noreferrer\"><strong>including at IESE<\/strong><\/a>, for those employees who commit to return to the company after graduating. Others offer reimbursement of tuition costs as part of their salary structure. These practices are more common in sectors such as consulting or financial services. In other industries, the candidate will have to go the extra mile to get sponsorship.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"clearboth\"><\/div><style>#thegem-divider-69ddf291d4590 {margin-top: 35px !important;}<\/style><div id=\"thegem-divider-69ddf291d4590\" class=\"gem-divider  \" style=\"\" ><\/div>[vc_column_text css=&#8221;&#8221;]<\/p>\n<h3 class=\"title-h3\"><span class=\"subrat\">4.<\/span> Personal resources<\/h3>\n<p>But the majority of candidates cover the costs of an <strong>MBA <\/strong>with their own savings or with the help of family members and friends. Others use crowdfunding networks to raise the capital they lack.[\/vc_column_text]<div class=\"clearboth\"><\/div><style>#thegem-divider-69ddf291d45a9 {margin-top: 35px !important;}<\/style><div id=\"thegem-divider-69ddf291d45a9\" class=\"gem-divider  \" style=\"\" ><\/div>[\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221;][vc_column width=&#8221;1\/2&#8243; disable_custom_paddings_tablet=&#8221;true&#8221; disable_custom_paddings_mobile=&#8221;true&#8221; css=&#8221;.vc_custom_1606152068815{padding-right: 70px !important;padding-left: 70px !important;background-color: #000000 !important;}&#8221;][vc_column_text]<\/p>\n<div class=\"title-h2\"><span style=\"color: #000000;\"><strong><span style=\"color: #ffffff;\">Everything you need to know about the<\/span> <a style=\"text-decoration: none;\" href=\"https:\/\/www.iese.edu\/standout\/mba-what-is\" rel=\"noopener noreferrer\"><span style=\"color: #ff0000;\">MBA program.<\/span><\/a><\/strong><\/span><\/div>\n<p>[\/vc_column_text]<div class=\"clearboth\"><\/div><style>#thegem-divider-69ddf291d45d6 {margin-top: 50px !important;}<\/style><div id=\"thegem-divider-69ddf291d45d6\" class=\"gem-divider  \" style=\"\" ><\/div>[vc_column_text]<\/p>\n<div class=\"title-h2\"><\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1606213006251{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 300px !important;padding-bottom: 300px !important;background-image: url(https:\/\/www.iese.edu\/standout\/wp-content\/uploads\/2020\/11\/sources-mba.jpg?id=1763) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text css=&#8221;&#8221;]Completing an MBA program is arguably among the best decisions a young business professional can make in life, as&#8230;<\/p>\n","protected":false},"author":4,"featured_media":1521,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107,47],"tags":[30],"class_list":{"0":"post-1507","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general","8":"category-young-professionals","9":"tag-mba"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to finance an MBA program?<\/title>\n<meta name=\"description\" content=\"Are you wondering how to finance an MBA? 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