[underemployed]

Hi Guys
as my subject hinted at .. i need some guidance , i have reached a point in my life when i know what i want but i dont knoe the path ...
i am working here in the US of A for the past year , completed my MS and all that .. with good GPA , some international exposure , abt an year or more in USA , like 4 months in Korea et all

I wanna do my MBA but i dont know where to do it from and what field to persue .. all i know is i wanna settle in "Amchi Mumbai" with a really good pay package ..i was thinking along the lines of doing MBA prob from a good indian B school like ISB , IIM , etc ... that does increase my chances of a shot at a good job in Bombay ..

or should i do my MBA from a B school in USA and then move to bombay ,,

wat schools can i look at if i wanna do it from India ... maybe good in marketing ??

i know thats a lot of ques but like i said i am really confused and would really appreciate all the help from yall..

thanks

tc
S

[bizskool]

If u want to settle in Mumbai/India post MBA u have 3 options(i hope u hv 2yrs+ exp):

1. MBA from US top 20 or top european schools like IMD/London etc. will cost in range of 60-70 lacs INR. ROI 1-2 years if u work in US/Europe. preferably in Invstmt bnkng or consulting. entry much easier than top Indian schools. later shift to Mumbai in a similar hi-paying role after you get ur ROI abt 2-3 yrs later.
2. MBA from IIM A/B/C/L only. highly compititive entry. costs abt 5 lacs total. starting sal 12-20 lacs depending on your profile in India job. US/UK jobs may fetch 75k USD to 150KUSD. u need to come out top 5% in class.
3. ISB or Asian schools like NUS-Singapore, CHKU/HKUST, AIM-Manila. cost wise 1/4th of US approx. ISB abt 16 lacs. exposure better than IIM's in NUS or AIM. GMAT based, easier than IIM's to enter. ROI depends.
An investment banking or consulting job will pay well. marketing may/may not.

GMAT prep, references, essays will play key roles in US/ISB/Asian schools. For IIM's CAT suffices.choice will be yours. take a decision based on your finances, career goals, personal issues, past work-exp.

[underemployed]

Bizskool thanks for the advice ... i would have 2+ yrs exp but in wireless area .. i am a network engineer , so i dont have any finance or accounting background thats why i was hesitant on pursuing a career in investment or private banking , though i did think abt it

Can you or anyone who is alrady in a Bschool or graduated from one tell me if i should take some basic accouting , economics , etc classes to have some fundamentals before starting my MBA

Since i plan to start applying only by Oct 2007 , i have sufficient time to do all thats required to get into a good schools plus have some fundas cleared as well.

Also any idea of how one can get into Media line (Movies , TV , etc) .. any good school offering MBA In media management ??

Thanks once again for ur help

tc
S

[bizskool]

1. your current pure tech background has no impact on your future career. u can go for Invst banking anyway as long as u do your MBA courses with rigor and dedication. most of the IIM toppers going to Lehman, Goldman etc were techies/MS in their previous avatars with pure tech exp.
2. Once u get admission in a school u get some time for basics. its better to have a basics overview of accounting, statistics. also brush up basic calculus for economics. dont spend more than a month or 2, 1-2 hrs a day. anyway b-schools conduct immersion sessions pre-course. this is not mandatory and up to you. as of now focus on CAT/GMAT etc.
what is supremely imp is to read bizworld/BT, eco times etc regularly. watch cnbc TV-18 and so on. also some basic fin mags like outlook money to get a hang of terms etc. visit WSJ site to get a hang of wall str.
3.Media line has two career paths...creative and client mgmt. creative parts they prefer non-MBA's. For client mgmt MICA, IIMC, SIMC and similar gets preference. however many media co.s recruit from IIM's and other schools for functions--HR, Fin and so on. starting salaries are usually low in media. chk the link...
http://www.iijnm.org/businessworld.htm

[underemployed]

Thanks a lot for all that info ,i can prob think more clearly now

[pillagadu]

Hi !!!!

I read the thread, I am also in somewhat, similar confused position. I am finishing my graduation in Engineering. I hoped that doing an MS followed my and MBA would complete me. But here the case diferent. It seems that a masters degree looks lees of use for an MBA. Throw some light on this query please? Am really confused....?

Thanks
Vignan

[underemployed]

Originally Posted by pillagadu

Hi !!!!

I read the thread, I am also in somewhat, similar confused position. I am finishing my graduation in Engineering. I hoped that doing an MS followed my and MBA would complete me. But here the case diferent. It seems that a masters degree looks lees of use for an MBA. Throw some light on this query please? Am really confused....?

Thanks
Vignan

It all boils down to what you wish to persue , i wanted to c the american education system , get some opppurtunity conduct some research , teach undergrads , travel , etc .. and get some exposure to the international scene before getting back to india ...
Its just that i realized that after a while ur work in a technical field kinda becomes a plateau , u dont grow that fast .. thats why i decided to persue an MBA .. prob even change tracks .. switch to maybe finance or marketing .. and finally settle in bombay with a good high paying job ....

so think abt wat ur ultimate goals are ... if u already know that u dont wish to remain a technical person then i would suggest u try ur hand at an MBA ... however a couple of work ex always always helps .. and frankly doing an MBA just after school doesnt make much sense to me ...

would be grt if some of the more experienced guys comment on this as well

tc and all the best
S

[bizskool]

ditto underemployed. decide what u want to do. i suggest work for 2-3 years. then decide on MS or MBA. if u want to go innovative nd like technical challenges etc in tech go for MS. pref from US or europe.
if u feel u are more of a ppl person, go for MBA afte 2-3 yrs. anyway u need time for CAT prep.

[pillagadu]

Hi....!!

Thanks bizskool and underemployed !!! That helped !!!

I am not genius at techical side, but am interested in both tech and MBA. If Doing MS and then going for MBA will help me, then I can go ahead with what i planned.

What say about Masters in Australia? Since the crowd goes to US of A, I don't want to be amongst them, still I have more contacts in Aus than in US, so is the prospect of doing it in Aus good enough? Any other nation is also welcome.....except US like I said, I don't like US.

Thanks in advance,

vignan(Pillagadu)

[tirthankshah_99]

guys need ur help......

i m an engineerfrom mumbai university's somaiya coll....work ex of 1 year 4 months in cisco networks...as a presales guy in an indian ISP.....planning 4 my MBA....dat too in finance...(obsessed with equity market from last 6-7 years.....)

now i have got a call from J P morgan chase....in equity research\invst banking..shud i change my stream i.e IT(riet now) at this point in time..or continue with this....n later opt for equity\i.banking once thru with my MBA....gurus plz help...

how much can i grow in equity or invs banking...with out any finance backgrnd.i.e before MBA..though my concepts of stock market are good.....