Currently I am in 1st year undergraduate and planning to do MBA 2 years after I graduate which is probably about 4 years from now.
The cost of the MBA is about ~RM300k. Would love to hear the ideas and opinions on investing/saving in order to reach the goal.
Assuming current allowance is RM300/month and RM2k/month for the 2 years of working later on.

ditch the MBA. u will save yourself rm 300k. simple as that

MBA is just a piece of paper that doesn't even guarantee you anything. not even employment, let alone higher salary than those with no MBA.

overseas is it

the question should be, how should i make 300k in 3 years rather than saving it.

300k in 3 years means
- Means save 100k in 1 years
- Means save 8333 in 1 month
- Means save RM 277 a day

If you work 10 hours a day, means generating RM27.77 per hour

*No yet deduct cost.

why 300k for mba ?

You need to join companies that are cheating people's hard earn money to get that rm300k within 3 years.
Companies like real estate, insurance, mutual funds is something you can consider.
But once you are in such companies, you will know that MBA are just a rubbish paper.
Especially you can make rm100k within few months.

Assumptions:
- RM 300/mth x 12 months = RM 3,600 (1st year)
- RM 2,000/mth x 24 months = RM 48,000 (2nd and 3rd year)
- Annually Compounded investment scheme

With your monthly investment during your first year, you will need to land a total of RM 15,000 by investing RM 300/mth. Hence, you will need to seek for an investment scheme that is able to provides you with a minimum rate of return of 250%pa.

As for your 2nd and 3rd year, with a lumpsum of RM 15,000 and a regular investment of RM 2,000/mth, you will need to seek for an investment scheme that is able to provides you with a minimum rate of return of 200%pa.

Hence, with your total contribution of RM 51,600 in the next 36 mths time, you should be able to land approximately RM 300K.

Instead of making a trip to the casino, the only possible way for you to achieve this is via equity investment. Best of luck in gaining your MBA!

Study hard and get scholarship ?

RM300K for 3 years would required RM8.3K per month.

If you can earn and save 8.3K, what the hell you want an MBA for ?
Why did our education screw people brain up so much ...

The purpose of the MBA is for ? ? ? ? ?

Who the hell do their MBA for 300k??? Either u r frm a very rich spoilt family or u get conned big time???

MBA at max only worth 1/10 of the tuition fees u paid...dont believe me? Once u graduated go n look for job n how much difference ud get from ur colleague with only degree but with tons of years relevant experience...

MBA is just general knowledge and it doesnt help inany specific field...however i do admit in work environmen if u have a few reliable candidates for promotion ur cv in education background do get a boost frm it...

Invest in mutual fund and stocks

Can earn 300k or just go for compound interest then you don't need the MBA can reach millionaire status in about 30 yrs

+100.

If u have 300k in ur account just invest it conserbatively in mutual fund and ull eventually get to millionaire status within 15- 20 years time of compouning interest....

Either that or buy poperty...

go to rompak maybe can get ...

Make ATM vomit money?

i agree with this..u will have saving 300k..if u invest the 300k, u will get around 20K dividend (in ASx)..

If you're paying RM300k for an MBA it better be from a top b-school ie. Harvard, Stanford, INSEAD, Columbia, Kellogg, Wharton, LBS. If it's not one on this list then you're wasting your money.

If you're paying your whole MBA yourself then you're not thinking strategically. Scholarships and loans will open up to you once you've been accepted to any of those schools above which can cut down the cost by a fair bit. From personal experience you need the initial 20% and the rest are covered by scholarships and loans.

The key is to get accepted to one of those top schools. This is the most difficult step. Once accepted, your options open up. To get accepted you need to:

1. demonstrate that you're successful enough in the 2-3 years work experience that you have, plus you fit the profile that these schools want
2. do GMAT, write the application essays, get recommendations
3. apply! There's an application fee but that's the only fee you have to pay up front.

If you're not accepted, you can try again the year after if you can figure out what you did wrong. Alternatively save the RM300k and start a business or buy a house or ... Paying RM300k for a no-name MBA is not very prudent.

I'm speaking from personal experience, I was accepted and joined one of those schools above, spent about RM300k as well and my ROI is less than 2 years.

rm300/mth x 48months = rm14,400
rm2000/mth x 24months = rm48,000
total = ~rm50k

simple maths already can very easily see rm300k is not achievable without resorting to crime or getting lucky in the casino.

Join World Series of Poker 2015!

this.