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IE Business School (Spain) 2009 admits

Hi everyone, I recently got an admit from IE Business School for its November intake of International MBA. My profile: Engineer, decent acads, strong extra-curricular, 740 GMAT 210 TOEFL, 3 years work-ex in Professional services Every...
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@anagpal hey can u plz provide me with details whether 3 year indian undergraduate degree is accepted in IE for international MBA????????

Kunal/New Delhi


I am stuck in decision making here. Can anyone help me please?

About Me: GMAT-700, TOEFL-110, BBA from a good university plus a diploma course (12+4) , excellent co-curricular, GPA:3.5 (Approx), 2 year experience in Media Management (1 in Electronic media -NDTV and 1 yr in print media).

I don't doubt my credentials, but I seriously lack the experience here. I have checked websites of many universities. Do I really need an experience of 4 years? Or should I apply already (April)? Any suggestions?

I read the previous comments about uncertainity of a Job and that I know only IIMs matter in India, but is anyone here who have got a good job in India ( I mean can repay the Loan in a small period of time 20-30 lac job)?

Also, do Indian universities accept GMAT apart from ISB?


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In the Hindsight, When i look at my post,yes,i do sound vague indeed

Also, i agree the in the absence of necessary data points, one may have little to work around even if they wanted to.

I apologise from the bottom of my heart for what i might have i come across.

Thanks for all the help again. Have a good day !

The Right Way, the Wrong Way & the ARMY way !
Neo,Thanks for replying !
My query has more to do with the Post MBA Scenario in Spain at the moment,


Re-reading your original query, I would never have guessed that this is what you were asking. Your question was all about coming back to India and paying off your loan. A few people have done that before (somebody i know came back from HEC-Paris) Which means I was completely thrown off by your "consultant-speak." :)


hence expected some inputs.


If that is what you really were after, perhaps asking that clearly would have gotten you better answers. If you are asking people to take time out to give you some inputs, the least you could've done was explained where you were right now career-wise, what you wanted/hoped to get out of the IE MBA and whether going for it now/near future made sense. In that case, you've given all of us data-points to talk around, discuss the market as-is in your current sector in Spain and help you better.

The question may have made sense to you in your head, but we don't know where you are coming from. If the only thing you come up and say is "should i spend 48Lakhs to do an MBA but I don't know if I'll get a job there", obviously the only thing you are going to get is cautionary answers.
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Are you looking for an assurance that you will definitely get a job in Spain? Nobody is going to give you that. Doing an International MBA always carries the risk that you may not have a job at the end of it and if you have to come back to India and work for an IT major, then Yes, that is what you will have to do. A 48Lakh loan is about 24k(?) per month EMI? That is something you will have to factor in.

As Van clearly pointed out, YOU need to be sure about this. A lot of this is going to be your parent's money. Understand wisely if you really want to risk your parents hard-earned money on something YOU yourself are not sure of. Steve Jobs dropped out of college because he couldn't justify spending his parents hard-earned money on something that wasn't giving him any value. You need to ask yourself whether you aren't better off going to a different college that meets your needs better.


Neo,Thanks for replying !

Not Sure if we are on the same page.

My query has more to do with the Post MBA Scenario in Spain at the moment, "Parents Money" talk is good,let's face it ,we are adults & do understand the Risks.

I am a Strategy Consultant with over 6 Years Spanning Across Core Business Issues hence expected some inputs. What i was getting were monotonous cautionary signals.

Thanks but no thanks.

I really appreciate your help on this my friend
The Right Way, the Wrong Way & the ARMY way !
"Thats why one should go there only if he/she is has a clear plan and is confident of landing a job"
Whoa ! Thanks for that well laid out reply.I guess you are an Alum or an applicant
Either case , great help.
Thanks again


Are you looking for an assurance that you will definitely get a job in Spain? Nobody is going to give you that. Doing an International MBA always carries the risk that you may not have a job at the end of it and if you have to come back to India and work for an IT major, then Yes, that is what you will have to do. A 48Lakh loan is about 24k(?) per month EMI? That is something you will have to factor in.

As Van clearly pointed out, YOU need to be sure about this. A lot of this is going to be your parent's money. Understand wisely if you really want to risk your parents hard-earned money on something YOU yourself are not sure of. Steve Jobs dropped out of college because he couldn't justify spending his parents hard-earned money on something that wasn't giving him any value. You need to ask yourself whether you aren't better off going to a different college that meets your needs better.

"Thats why one should go there only if he/she is has a clear plan and is confident of landing a job"

Whoa ! Thanks for that well laid out reply.I guess you are an Alum or an applicant

Either case , great help.

Thanks again

The Right Way, the Wrong Way & the ARMY way !
So my query is very simple :

You invest 60K Euros,( 48 Lakhs INR approx ) for 1 Year & do not have a job in hand & come back in India & end up working for : Delloite / TCS / Infy / Cogni. / E&Y; / PWC .

...

Some one please answer this dilemma

Many Thanks !


Thats why one should go there only if he/she is has a clear plan and is confident of landing a job

So my query is very simple :

You invest 60K Euros,( 48 Lakhs INR approx ) for 1 Year & do not have a job in hand & come back in India & end up working for : Delloite / TCS / Infy / Cogni. / E&Y; / PWC .

On a very rough estimate, let's say, Based on IE MBA, You will get a starting salary of EUR 80,000 ( Correct me here) in Europe / US.

However in India, one might have to start with 12~15 Lakhs Bracket ( Bets Case scenario)

So, How will you pay the 48 Lakhs Loan !!!!! ( If you were to come back to India,highly likely since Spain isnt boomin' exactly )

Some one please answer this dilemma

Many Thanks !

The Right Way, the Wrong Way & the ARMY way !

nice initiative by everyone

Hello,

I am interested in applying for Masters in Sports Management. Anybody having idea about the scope of course and placements thereafter?
Would appreciate if any one can throw some light on it.

Regards
Priyank

hey..I have made it to sept 11 intake..
pls get in touch with me on anirudh.kumar619@gmail.com

Here are some of the common questions I have received from Indian applicants over the past couple of months, and my honest, straight answers.

1. How have Indians fared in terms of landing a job in Europe in the consulting or technology or banking space.

It will depend on the quality of your previous experience, background, skills, knowledge and willingness to learn newer skills in addition to whether you are going back to the industry where you were working earlier or an entirely new industry. There is no way to generalize this for "all Indians" - although the visa restrictions and difficulty in getting work permits apply to everyone. Indians come to IE from all walks of life and industry, so you really should be looking at specific profiles. Remember - it isn't like another Indian school where you have mass "placements". During the MBA your perspectives will change and you will learn to see things in a newer light.

2. If we were to target a job in the technology domain then which countries should we target? And what is the kind of role we should expect? Is it as a process expert/ presales/ delivery-client engagement etc.

Totally upto you - the MBA gives you a set of skills and tools, that can be applied to any function across the board. You might want to get into tech strategy, or BPR, or even ERP planning. Your function can lie anywhere from presales to post-delivery support - Choose what you want to do, not because you have an MBA.

3. Which European language do you feel would be most beneficial to learn to increases our chances of getting a job in Europe.

France if you are going to be working in France, German in Germany and Spanish in the Latam and Spain. Of course, you speak English anyways which is useful in Scandinavia and UK. Everything depends on that very moment when you have decided which offer to accept. There is no point in generalizing.


A note about the quality of the program - Probably amongst the best in the world, with a diversity of about 75 nationalities and 23 industries represented in the MBA class. IE is different from the IESEs of the world in the sense that it will help those people who have significant experience and global exposure more than the lower experienced typical IT engineers who apply from India. If you do not fit that profile, you'll only be wasting your money here, and will be much better off in one of the top 2-yr programs (like the american ones or the IESE one).

Recognition of the program is high within Europe, but low in India. India still suffers from the IIM syndrome, and only haloed degrees are from the american ivy league ones. That being said, IE has been working super-hard in the past couple of years to expand its reach in India. The only problem is, if you look at any of the top rankings, you will find that IE is the youngest school in the list - most of the other schools have a history of atleast 50 years if not more than a century. This means, that although the school came into being in the 1970s, it truly changed its mandate to being international only about 5 years back, since when it has been consistently on the rankings. Unfortunately, the reputation of a school is also derived by its alumni and since IE hasn't had any significantly well known Indian alums who graduated over five years back and are in the senior leadership in a corporate entity, you don't hear about the school yet.

But then, the intake before me and my batch (and the next couple of batches) are probably going to change that impression over the next few years, as we take on leadership positions in business globally. So, that is my blunt opinion.

Above all, do make an informed judgement - never simply go by the school that everyone is talking about -whether Harvard/IE/Insead/LBS/Wharton - look at yourself and introspect as to what school will suit your current situation.

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Hello folks,

I am an International MBA from the Nov 2010 class at IE Business School. Here is my management blog that focuses on technology as a cornerstone of modern business.

Let me know what you think of it.

The Tech Bend Blog @www.kundanbhaduri.com

Also, feel free to ask any questions about the school and the program, if you'd like.

Best wishes,
Kundan Bhaduri
IE Business School Nov 2010

Hey even i have made it to IE Nov 2011.
Will be confirming in a couple of days

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