Phoren B-school Assistance Desk

[pranay_jack]

Hi all..

I am presently working as a software engineer in a banking domain firm (bank is ranked under top 3 worldwide)..with a work experience of 8 months.
I plan to work here..for couple of years more ..so that i will have something solid and worthwhile to be stated on my profile.
I have done my engineering from National institute of technology (formerly REC), and academically..I have sound background, being consistely in top 5 throughout the schooling and top 15% in college.Can get reco from my PM and prof emiterus from college.
I am planning to appear for GMAT in coming time.But even before I can think of a "phoren MBA"..I need to get the following queries sorted out...so guys please help.

1) With my above profile..and a decent score..say 680+..what are my chances of getting admit and schol from good B schools at US??

2)Even if i get schol..say a normal one..then also..what is the minimum amount of investment required to pursue the dream....MBA from US!!....??The maximum loan or investment i will be able to cope up with would be 6-8 lakhs....

3)I know..top 10-15 US b schools are really costly..so I cant even thing of them to apply..because even if by chance I get admit..I wont be able to go because of the finance factor..so can you guys please suggest me some good B schools on which i should concentrate on..and go ahead with my research...??please suggest me some schools with respect to....
i) ROI-return of investment
ii) Chances of aid..and financial requirement.
iii) job opportunities.

for example..I came to know about SMEAL ..penn state...its a decent school..with 17 indians admitted last year (3-4 years of work on avg)..and out of them 12 got full fundings!!!...also..the school is decently ranked 37th( on avg)..by financial times, US news and other sources.
So guys can u please suggest be such schools??
I know..its too early for me to do the research and all..as i need to concentrate on GMAT and other stuffs..but if u all can pleas ehelp me out..I can start working on networking..and can narrow down my searches.

Thanks and regards,

Pranay

[senapati]

Originally Posted by Life's Good

im very keen on doing a second mba, preferably from england (not UK plz).

Not sure what you mean. Isn't UK and England refer to the same country??

[senapati]

Originally Posted by akshatpa

Also do remember that Job permits are a bit difficult in europe.

Akshat,
Can't say that after HSMP in UK.
Job permits are NOT that difficult in Europe. Plus remember quality of life is MUCH MUCH better in Europe than in US.

[anandv]

Originally Posted by senapati

Not sure what you mean. Isn't UK and England refer to the same country??

@senapati

UK=eng+scotland +wales+northern ireland

Maybe that's what he meant!

[sandeep0979]

Hi Folks,

What is the best time to give the GMAT so that one
can apply to most Top US and European MBA prog.

Appreciate a reply.

[kgkid]

Originally Posted by sandeep0979

Hi Folks,

What is the best time to give the GMAT so that one
can apply to most Top US and European MBA prog.

Appreciate a reply.

When u r ready

[reachmonil]

Originally Posted by kgkid

When u r ready

Lollzz..! kgkid, post only here if u have something to contribute, no spamming this thread.


@sandeep0979 - Be specific in ur queries mate! And post it on the appropriate thread or you wont get a replly. Head to the GMAT Query Centre.

[kgkid]

Well on a serious note Sandeep, try taking the GMAT by early July because most of the schools will start the application process somewhere in July/August '06 for the Fall '07 intake. Similarly, for each year.

Some schools that already have are IIM Ahd. ISB will prolly do it in early July. Most US b-school will start in late July/early August.

Originally Posted by reachmonil

Lollzz..! kgkid, post only here if u have something to contribute, no spamming this thread.


@sandeep0979 - Be specific in ur queries mate! And post it on the appropriate thread or you wont get a replly. Head to the GMAT Query Centre.

sorry bro. just that it seemed a pretty lame question.

[Simba]

Originally Posted by pranay_jack

1) With my above profile..and a decent score..say 680+..what are my chances of getting admit and schol from good B schools at US??

680+ is not a decent score Start off with a higher limit! With great academics & solid work experience, you need to boost up ur app with a sexy GMAT score!

2)Even if i get schol..say a normal one..then also..what is the minimum amount of investment required to pursue the dream....MBA from US!!....??The maximum loan or investment i will be able to cope up with would be 6-8 lakhs....

With 680, your chances of getting a schol is highly unlikely. Do not use the term from MBA from US. Its too broad a category, define ur purpose first. Filter your schools. target the ones u want.. etc etc. Minimum investment without any aids would be approximately about 100,000 $ for Top schools.. say top 10-15. With schols, it will be substantially less but am not sure of the figures here.

Loans from India are not a viable solution when aiming for a Top MBA program in US. Pl visit my blog (here) & search for 'Financing' .. you will come across a huge post which will answer a lot of concerns

3)I know..top 10-15 US b schools are really costly..so I cant even thing of them to apply..because even if by chance I get admit..I wont be able to go because of the finance factor..so can you guys please suggest me some good B schools on which i should concentrate on..and go ahead with my research...??please suggest me some schools with respect to....
i) ROI-return of investment
ii) Chances of aid..and financial requirement.
iii) job opportunities.

Finance should not be a big deterent if you make it to top schools. Read the above blog post I have mentioned. I cannot suggest any other schools .. we are just an assitance desk, you can make better use of stuff like rankings & google! Maybe if someone else can shed light her, they are welcome!!

All I can say is, Do your research!

Simba -

[Simba]

Originally Posted by senapati

Akshat,
Job permits are NOT that difficult in Europe. Plus remember quality of life is MUCH MUCH better in Europe than in US.

I generally avoid categorical statements as there can never be generalizations! Spati, why do u say that?