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.

The best investment is you yourself. With your little funds, or trying to earn something through part time can hardly achieve 300k in 5 years. Full time average working class also can't save that money in 5 years.

Study good good, student's only priority, 1st class honours, silver medalist, tons of book awards, hired by top MNC before graduation, fully paid MBA by company to world top 30 MBA (there are very few fresh grads MBA scholarships around), allowances for dreaming through classes, guaranteed promotion after graduation. Get paid to study, where to find ?

I'm planning to join one of the top 20 schools listed in FT. I'm just preparing for the worst just in case couldn't get any scholarships. Mind telling me which school you went to ? What's your degree and where did you study for your undergraduate ? What was your GMAT score ? What was your CGPA for your degree ? Where did you work for the 2 to 3 years ? If you're not convenient to say it here, please PM me. I'm very eager to know. Thanks!

If you're hedging your bets, then apply for several schools. Don't depend on scholarships from local institutions, in my experience they've been slow and the b-schools themselves have scholarships too. You can also defer your entrance depending on the school, talk to them, they're people and they understand. I went to INSEAD, did my undergrad in engineering at one of the Ivies. I don't think they look at the GMAT all that much past 720 or so. I worked for much more than 2-3 years, but across industries/regions.

LYN is not a good place to ask these questions, there are other forums with like minded individuals. I recommend you try those instead.

you dont really need to get MBA cert if you can manage to save 300k within 3 years TS.

If not mistaken, at any one point of time, an ATM machine. just 1 is supposed to carry a minimum of 300k in them. So you know what to do. Not suggesting anything illegal, but I don't see anyway (side from those already suggested) to earn 300k/save 300k within that amount of time.

Especially on your own right after graduation.

This post has been edited by thomasyke: Nov 3 2014, 08:40 PM

Maybe i will take the 300K to do some business instead of taking MBA.
For me MBA just a paper

Ditch your MBA. Finish your study and get a decent job is your priority. Otherwise, if you are smart and hardworking enough, you can try to secure a scholarship.

Saving won't get you 300k within 4 years given that your salary is 2,000 per month. High risk high return. Any form of investment which can give you 300k in 4 years will imposed an equal risk of losing 300k on you.

Being pragmatic is equally important as dreaming big.

Fresh Graduate huh? Fresh means Young...

<ahem><cough><cough>

There is only one type of profession that can earn that kind of money within that time frame.

It is also the World's Oldest Profession. We all know what it is..

This post has been edited by danmooncake: Nov 5 2014, 09:40 AM

You're right! but that is illegal in Malaysia.

Another point to take note is your long term goals and which school will suit you best. Each school has their own value and all may not suit you.

Do sales.. is possible.

insurance agent.
real estate.

your income is your performance.

LOL! Of course...

The way TS (ohemmgee) asked those questions are funny..
Why would anyone wants divulge their personal stuff (school, GMAT scores, etc) to him/her?

Also, how much can an average MBA earns in Malaysia?
It will probably takes a long time for someone who had MBA in Malaysia to earn that RM230K salary...even if
inflation isn't included.

IMO, TS ought to ask what is a typical job for MBA holders looks like.. what kind of work,.
what opportunities available.. way BEFORE he/she commits to finding a school.

Why need 300k?50k undertable can buy the cert already

I use fake cert interview maybe can get higher salary then u by using real cert

If your question is "How to save RM300k in 3 years"?
The answer can be calculated based on the fixed salary income and I do not think it is archievable.

Perhaps you may think "How to "EARN" RM300k in 3 years".