Life @ SPJ Dubai

[MurTuzA]

Originally Posted by assignus

man..i shouldnt have mentioned the life-style thing...and spared u of this little speech.
1.but i believe what ever we are doing is for a better living. and i think its not sad to make a better living for my self.

2.and also we were not talking abt our earning potential.. we were just discussing whether 4k is sufficient ..it would have been better if u stayed on the topic... i better get out of here b4 i go off-topic..

1. I m not saying that either....but if that's ur only reason behind doing an MBA....then its sad.

2. I m on topic....cos if u see, the original discussion was the ROI if u do an MBA from SP Jain Dubai and get a job in dubai......and I said that for starters 4k in hand wasnt a bad deal at all. Correct me if I m wrong.

[venky_83]

well guys .. i wud like 2 ans illchillu's question ... the fact is u r ASSUMING that you will get only the average salary, there is a possibility that u may get more or less .... plus y r u jst lookin at dubai as an option, ur placements cud b newhere in india, dxb n spore.... y restrict urself.... it depends what u wanna take up as ur specialization ...

I agree with Murtuza ... dnt look at the short term gains of an MBA, look at the long term too.... well if u hav a 4000 aed salary a month u can live aaram se in sharjah ... ytf u wanna stay in dubai.... n all ppl in dubai always ask for the co 2 provide for accomodation ... its upto ur negotiating skills, so dat u can save on the rent which is high .. i agree.

[pooja]

Originally Posted by illchillu

HOW ON EARTH CAN I SURVIVE IN DUBAI IN 4000 AED.
Can ne1 plz throw lite on it...ill b more than greatful.

I am a current student of SPJCM. To answer your query, I would say that 4000 AED would be a survivable amount depending upon your life style.

Companies in Dubai provide you either accomodation or conveyance. At times both.

Assuming that you will get conveyance facility from your company so in that case the expenditure should be somewhat like this...

In Bur Dubai there are places where you will get a decent accomodation in 800 - 1000 AED but if you want to go for some posh locality then there is no upper limit to the rent. Then another 500 - 600 AED for fooding. This also depends upon your taste. If you are a party person then there can be a problem. A single go at any decent restaurnat (entry and drinks) would dent a big hole in your pocket... so unless you restrict ( kabhi kabhi chalega )your parties you cnnt survive in this amount.

But if you don't get conveyance then the equation would change...( usually you do get the conveyance from the company )..another 500 AED for conveyance..in this case also you would be able to survive in Dubai...but might be savings will not be there...

So in a nutshell, 4000 AED is surviable (including a saving of 500AED) depending on your lifestyle... but yeah you wont be able to spend lavishly....atleat for initial few months.

pooja

[kanishkaagiwal]

Hi mkinra,
To answer your query:

• How did you fill the form with last year’s CAT score? As per my knowledge, last year’s CAT scores are invalid (even the CAT score card says so). In case you haven’t taken CAT this year then you will need to take GMAT or SPJain’s own test.
• You have a good profile as far as acads and work ex goes. But then, acads and work-ex is not all that SPJain takes into consideration while short listing candidates. (like every other B-school, we look for that extra zing in you that differentiates you from the rest of the crowd)

To be very frank, SPJain, Dubai (and Singapore, subsequently) is increasingly being talked about in the same breath as NITIE, IIFT, Symbi and the rest. We were recently profiled by Asia Inc. magazine as one of the fastest growing BSchools and they compared us with Nanyang, Singapore (since SPJain is setting up its third campus in Singapore from next year). We are not IIMs yet, we are not ISB or a SPJain Mumbai yet. But we are catching up fast (just 2 years and our placement records do the speaking for us).

Also it is not fair to compare a two year program with a one year program. A one year MBA can be very taxing but so are the returns. You begin to earn a year earlier and move up the ladder a year faster. There are no holidays, whatsoever (except for a 10 day semester break) to ensure that that the teaching hours remain the same. SPJ Mumbai and we learn the same courses and the same number of teaching hours, only difference being that they have it spaced out and they enjoy weekly offs and regular holidays.

Hope this helps.

[mkinra]

Hi

Yes the CAT score card says its valid for only 1 year but institutes like ISB and SPJain Dubai accepts CAT's score of last three years...

2I appeared for the GMAT/ CAT/XAT 2 years ago. Are the scores still valid or do I need to re-take the exam? No, you do not need to re-take the exam as we accept scores valid up to three years.


(just a excerpt ffrom spjain dubai's web site)...so i applied using last year score.,.

Also i have a work ex in IT though i am more interested in Marketing and have worked 3 months Full time as a Business Development Executive in NIIT Delhi.I was awarded 4 "Well Done" Certificates in a period of just 3 months and also in my 2nd month we recorded 100% increase in Sales.

Now considering all this and my change in profile from Marketing to IT and now again wanting to do MBA in Marketing,would this reduce my chances for getting a call for interview.

Besides wen wud the interview start for SP Jain,Dubai...

Manik

[choc_guy21]

Originally Posted by kanishkaagiwal

Hi junta,

This is a small FAQ that I had posted in another thread. Reproduced below for this thread viewers.

I am a student currently doing my MBA from SPJain Dubai. Was called for SPJIMR twice and rejected both the times and finally SPJ Dubai (SPJCM) happened. I was apprehensive about it myself so I can very well understand your concern. Let me answer your queries:

1. SPJCM is quite good. Of course not better than SPJIMR but just a notch lower. We get all the SPJ faculty, some IIM profs, ISB profs, XIMB and a few international faculty to teach us. So faculty and teaching is really not an issue. It is top notch. It beats almost all Indian B schools as far as infrastructure is concerned save for ISB, which is better than us. Wi-Fi, video conferencing, recorded classroom sessions etc etc. We do not have a huge exclusive campus liek most b-schools but a campus within the huge Dubai Knowledge village where we share space with other universities. Something like FMS.

2. The peer groups is the most diverse you can find. Most Indian B schools have a huge percentage of engineers but here it is a fair balance of all. 35% engg, 5% CAs, Bcoms and BAs. So the learning from the peer grp is immense. I am an engineer who had a 99%ile in CAT and yet I am at the middle of the class in Finance simply because the CAs and BComs are better and hence the bar is raised for all of us. Similarly for Engg subjects where we have an edge and we raise the bar for them.

3. The degree is exactly the same as given to SPJIMR students. In addition it has a SPJ Dubai seal too. So no worries there. Next year there will be a campus in Singapore too so a SPJ student market value is bound to go up.

4. And now the most important, placements. SPJ Dubai has almost a IIMA kinda look in UAE/Dubai. Primarily because there is no other B school here and hence it enjoys a near monopoly. We are located right next to Dubai Internet city that houses HP, Microsoft, IBM Oracle etc etc and media companies like CNN, Reuter etc. Last year was our first year of placements and the salary figures offered were really good as per Dubai standards. You can view them at www.spjaindubai.org. This year it will only become better and hopefully we should be on par with SPJIMR salaries as far as Indian placements are concerned. However if you want to work in Dubai, then the salary levels are already very good.

5. We have spec in Fin/Marketing/IT with supre spec in Investment Banking, Wealth Mgmt, retail Marketing and Hospitality Mgmt.

hiii evry1.this thread is really helpfull for aspirants like me.
so 12L the entire expense......bt if u get only 8L as loan thn wht abt the rest 4L???getting it from home isnt a viable option for me as i dont wanna do tht.....

n the website says round 600 AED as avrage pocket expense p.m.thts around 7000 bucks p.m.so thts also an issue for me coz banks wont finnce tht.....in indian b schools id get fees+hostel+food covered in bank loan....so just 1-2k p.m for pocket expenses.....

uess in tht case i should opt out of sp jain dubai admissions......dont wanna take tht much stuff from my big b.

as far as communictions being expensive guess one can download software like SKYPE n make free pc-pc calls..

[choc_guy21]

Originally Posted by illchillu

Hi All,
I am a prospective candidate for global mba program at sp jain dubai,
this is my 1st post on this forum so let me take this opportunity to introduce myself..
I am a s/w engineer just like every tom **** n harry...I m havin a pay package of 4 LAKHS(Why i m quotin this ull come to know as ull read the entire message).
newayz had enough of introduction there are few valid points on which i wud like to draw everyones attention
and start debate and wud definately like some intelligent comments from current students......

1.After 2 years of work experience MBA shud be ceen more from the ROI perspective.yes/no)

2 If Yes{
Total fees AED 88450
= INR 1061400
Laptop = 50000
Airfair = 40000
Living expenses(Food n all) = 150000
-----------------------------------------------
Total = 1301400
*Ok agreed u are expected to have savings of some 2-3 odd lakhs then u have got two choices
Choice a.Ask ur dad for 1100000(My conscience don allow me to)
Choice b.Go for education loan(rate of interest 11%)
|
|IF Loan{
|Var Principle = 1100000
|Var rate of interest = 11%
|EMI = 19453.07
| }
|
|ElSE dads money{
| Itz ur call
| }
|
}

else No {
I am sorry to disappoint you but u don have vision
}

Ok had enough of algorithm the points i would like to raise are

1.If the institute is boasting avegare salary of 8 lakhs INR that means 66666.66 Rs a months...fair enough.
now i pay emi of above mentioned amm so i am left with 66666.66-19453 = 47213 Rs
= 3934AED

HOW ON EARTH CAN I SURVIVE IN DUBAI IN 4000 AED.
Can ne1 plz throw lite on it...ill b more than greatful.

this calculation is worth pondering into.....
guys all tht long term thought etc is ok.bt thn an mba in india even from a decent institute immediately gives u better lifestyle with 4-5L p.a sal with fees of 3-4L......n u can save money after ur course n also pay back edu loan wityh ease....

bt this is worrying.....whats the actual picture of standard of living n living costs in dubai....12L course expense-------if u end up nt saving any money after the course thn whats the use of all the effort.agrees carrer should be lookd long term view-bt thn shot term view is imp specially whn ur taking 12L loan for a course.....

i think it needs discussion from pple in dubai co thy can give a clear picture of cost-savings equation.
the reason of rising demand for mba in india is tht it instantly gives a better career n salary....100 times worth the 2 yrs spent...

[choc_guy21]

also guys can any1 suggest me with which score should i apply...
gave cat last yr with 86%overall,though pathetic(one section less than 50%!!!) sectional imbalances....

also appearing for cat 05 n this time hope it gonna be 90%+ with better sectional balances.

so should i appear for their own internal test?am nt applying now.will by dec end so tht by the time i get a admisson offer i can hve look t my other institute admission chances etc.

[ketanm]

Originally Posted by choc_guy21

this calculation is worth pondering into.....
guys all tht long term thought etc is ok.bt thn an mba in india even from a decent institute immediately gives u better lifestyle with 4-5L p.a sal with fees of 3-4L......n u can save money after ur course n also pay back edu loan wityh ease....

Well...I think an MBA in India is anyday cheaper (except ISB)... and the return would be more... obviously.... but I guess the SPJCM specialization are such that the scope of the branches like Retail and Hospitality is more in Dubai than India... so a similar course in India won't fetch you even 4-5 lacs... (ofcourse the usual branches like IB or IT would be costly ).... but just to put things in perspective... a quoted figure of average salary of 4-5 lacs PA in India by b-schools would fetch you very less in-hand salary... if you care to read 'snan's article' on the portal, (he is IIM-A guy) he mentions that the mind-boggling salaries that comes into media is taken by just few guys... an average IIM guy would fetch something like 6-7 lacs PA which essentially boils down to 30K in-hand. [6-7 lacs CTC --> 4-5 lacs gross --> Cut the income tax] ....which I would guess wont be very much if you are looking at a decent life-style.... [imagine house rent + car loans etc etc]... so even initially IIM students can'nt afford flashy life-styles... until they get 3-4 years exp and then only they raise their salaries by job hopping.... you can now easily guess the plight of a student from other b-schools[you said 4-5 lacs PA]..... life is never easy... the best part in middle-east is that there is no income-tax... so the figures quoted by SPJCM is the in-hand salary....[and what I know is that you can negotiate with the companies to provide accomodation and transportaion which are the only costly thing there.....once that is done... a 4K Dh pm would be decent ....and lot of things are cheap there... remember.. like electronic items... sometimes you get good original things at cheap dirt prices.... ]

Ketan

[MurTuzA]

Well said Ketan. I think that like every single thing in life....SPJ Dubai also has its pros and cons. I think one should also keep the cuts and taxes in mind cos that definitely makes a big difference.