I have an selection Option with two drop-down: New Individual and My self.  I want to change the  New Individual to Other, using this code but it is not working for me. 

$('select option[value="New Individual"]').text('Other');

It is not possible to change the HTML code as this is a commercial application (Content Management System) which I have no  access to the HTML.  The only option is to change it through JQuery dynamically. There are multiple selection that would have these two Options: Individual and My self

Please Help