I have a graduated daughter who is working with Bank of America in Malad Mumbai. She is not satisfied with her job and wants to an MBA which gives opportunity to work abroad. But the fees for the said course is 30 lacs which I cannot afford. I am of the view that let her do any other MBA course which is less costly but she is adamant of doing the 30 lacs fees course. Every day we have argument on this. Please advice
Ans: You can easily gain a loan, without a collateral, at nominal interest rate
if you daughter is willing to put in the effort and has academic rigour to with stand the pressure; let her try
if she has a good profile with bank of america, she might have a good chance at a good b school
she might bag a great placement and would have the potential to earn more than what she is earning now
after all 30 lakh will come at the admission stage. till then, let her put in the efforts and prove her mettle to you