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Answer: Of course its possible to have your status changed to F-1 although you will have to wait up to six months for CIS to give a ruling on your application for COS. It’s advisable that you apply for your F-1 visa at your home country US consulate.
It’s not practical to consider applying for a green card yourself under either the “extraordinary ability” or “national interest waiver” standards. Its advisable to obtain your student visa first, then your employer will start the “ GC “ process while you pursue your MBA.