IMD MBA Financial Aid
Some countries allow you to offset course fees and/or living expenses against income tax, which considerably reduces the cost. This
usually means that course fees have to be paid in the same year that you earn taxable income. We recommend that you investigate
such options within your own country of origin.
If you are struggling to finance your MBA, once you have submitted your application to the full-time IMD MBA program, you can apply for
an IMD loan and/or one or more of our scholarships. The maximum financial aid awarded is CHF 65,000.
LOANS
The IMD MBA finance committee works with Swiss banks to provide loans to candidates who demonstrate no alternative sources of
funding. Before applying you need to have:
Gained acceptance into the IMD MBA
Confirmed your intention to participate in the program by paying the advance deposit of CHF 15,000
Completed the MBA financial aid application form and submitted it to IMD
The deadline to apply for loans is November 15, although we encourage you to apply as soon as you have been accepted into the program.
Loan Conditions
Loan amounts are paid directly to IMD in January
A variable interest rate on the extended loan is repayable over a total of 4.5 years from the start of the MBA program (interest
rate for 2012: 5.0%)
There is a quarterly 0.25% commission charge for the duration of the loan
Repayments begin after a grace period of six months following the graduation date
Payments are to be made in quarterly installments directly to the issuing bank
All information submitted is reviewed by the IMD MBA finance and alumni loan committees who are responsible for collecting
the loan should any difficulties arise
If you apply for both an IMD MBA scholarship and an IMD MBA loan, the total amount received will not exceed CHF 65,000.
Therefore, if you are awarded an IMD scholarship your loan amount will be reduced accordingly.
SCHOLARSHIPS
These will be awarded from the pool of applicants who have been accepted into the program.
Scholarship Conditions
The deadline for all IMD MBA scholarship applications is September 30, for the following year's program
IMD reserves the right not to award a scholarship if the criteria are not met to the satisfaction of the jury/sponsors
Please use our IMD MBA scholarship template to write your essays
Where Financial Aid needs to be demonstrated, please use our IMD MBA Financial Aid Form