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4.4.7 Plans to Fund Study

The number of respondents expecting to rely on some form of loan financing to support them during their studies has grown again to 62% (61%) ((56%)). Family financial help with funding stays globally constant at 44% (44%) (28%).
However, in some countries, parents and family are expected to play a greater role selected (* indicates also selected last year) by more than 50% of respondents in China 51%, Egypt 53%, Germany 58%, *Greece 71%, *India 51%, *Italy 53%, *Thailand 71% and *Turkey 61%. Respondents in Pakistan 36% and Spain 31% notably fall out of this group in 2006, now expecting a much lower level of family support.

The majority of applicants are targeting scholarships as their preferred method of funding their MBA. Globally, own savings come next, followed by loans and money from parents / family. The prospect of funding from an employer or company is in fifth place. There are small variations between men and women with men more likely to self-fund from savings and women more in search of scholarships, possibly because of awareness of more scholarships offered specifically to women.

Figure 14: Finance Required for an MBA

Source: QS World MBA Tour - TopMBA.com Applicant servey 2006

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Source: -
QS World MBA Tour - TopMBA.com Applicant Survey 2006
© QS Quacquarelli Symonds Ltd. 2006
Website: www.topmba.com