Are second rung B schools suitable for ppl with work ex in reputed companies?

[invincible_mb3]

hi there!! thought of adding my 2 cents to this discussion!!
I am having around 2.5 yrs of work ex. I am presently working as a manager in Project Management Dept in one of India's best private sector firm. My ctc is around 4 lpa. This yr I did appear for CAT. I ended up with 94.8 perc. Obviously no IIM calls, also no NITIE, MDI & SPJ calls too. I got 96 perc in XAT. Sadly XLRI didnt find me eligible enough for a call!! Applied only to top 10 colleges. no calls!!!

I am aiming for CAT '06 now. I think all the people who are in good companies should not compromise for any of the second rung B Schools because instead of spending two yrs in any of these schools, it is better to gain some important experience in your own company and look ahead for better opportunities.

But sometime back I talked to one of my seniors in NITIE. He told me that even if I do an MBA from a second rung B School. It will be beneficial. Reason being that being an experienced guy from a good company, I will get preference in LATERAL PLACEMENTS.

This has put me in a dilemma. Now I am thinking to apply for top 20 colleges next yr. If I end up with the same result I had this yr, I will surely get into one of the top 20 colleges. But then the most important question " What is the gaurantee that the college will have good lateral placements???"

Any seniors please help and advise!!!

[vaibhav_v4u]

Originally Posted by invincible_mb3

hi there!! thought of adding my 2 cents to this discussion!!
I am having around 2.5 yrs of work ex. I am presently working as a manager in Project Management Dept in one of India's best private sector firm. My ctc is around 4 lpa. This yr I did appear for CAT. I ended up with 94.8 perc. Obviously no IIM calls, also no NITIE, MDI & SPJ calls too. I got 96 perc in XAT. Sadly XLRI didnt find me eligible enough for a call!! Applied only to top 10 colleges. no calls!!!

I am aiming for CAT '06 now. I think all the people who are in good companies should not compromise for any of the second rung B Schools because instead of spending two yrs in any of these schools, it is better to gain some important experience in your own company and look ahead for better opportunities.

But sometime back I talked to one of my seniors in NITIE. He told me that even if I do an MBA from a second rung B School. It will be beneficial. Reason being that being an experienced guy from a good company, I will get preference in LATERAL PLACEMENTS.

This has put me in a dilemma. Now I am thinking to apply for top 20 colleges next yr. If I end up with the same result I had this yr, I will surely get into one of the top 20 colleges. But then the most important question " What is the gaurantee that the college will have good lateral placements???"

Any seniors please help and advise!!!

hey buddy.i am not a senior.but after reading ur post i had just had ro comment.u probably dont realise what lateral placement means.a lateral placement means u get placed BACK to the same company u were working for.in case of lateral placements the company will obviously offer you a better position and a much much better pay than u already are getting.so the college ranking wont matter for lateral placements.it is the course content of the college that would matter since the top 10 are ranked highly partly because of their strong alumni(which u wud obviously not require).i hope i have helped u try and make a decision.

[miltond]

Originally Posted by vaibhav_v4u

hu probably dont realise what lateral placement means.a lateral placement means u get placed BACK to the same company u were working for.in case of lateral placements the company will obviously offer you a better position and a much much better pay than u already are getting..

Vaibhav,

You have the definition of a lateral placement all wrong. To be eligible for a B school's lateral placement program, you need to have more than a certain number of months of work ex, usually fixed at 18 months.

Laterals start before regular placements, and companies find value in them because of the profile of candidates available.

Take a look at some of these lateral placement links

http://www.coolavenues.com/placement...ma_f_06_1.php3

http://www.coolavenues.com/placement...mc_f_06_1.php3

http://www.coolavenues.com/placement...mb_f_06_1.php3

[ImTHEone]

I'm also in similar dilemma...
I'm working with a top IT company with 2.93lac ctc, haven't got any calls from IIMs... n not sure about second rung schools because salarywise it won't make a big difference I suppose..... So are really second rung schools good enough in the long run or is it better to continue n look for better opportunities in your current field?

[vaibhav_v4u]

Originally Posted by miltond

Vaibhav,

You have the definition of a lateral placement all wrong. To be eligible for a B school's lateral placement program, you need to have more than a certain number of months of work ex, usually fixed at 18 months.

Laterals start before regular placements, and companies find value in them because of the profile of candidates available.

Take a look at some of these lateral placement links

http://www.coolavenues.com/placement...ma_f_06_1.php3

http://www.coolavenues.com/placement...mc_f_06_1.php3

http://www.coolavenues.com/placement...mb_f_06_1.php3

whoops.got my facts mixed up.sorry buddy.neways.even thn the rest of da info i posted holds true.

[satyensk]

as i had said...cat is one day...even the likes of australian teams..are not hundred percent sure..and iims dont give any weitage to exp..so those with exp and call from decent inst..like k j..tapmi...nm...mica...scmhrd..i.e..first 20 should go ahead..economy is growing like anything..dont wait..

rest is upto u..

[Psychodementia]

Originally Posted by satyensk

as i had said...cat is one day...even the likes of australian teams..are not hundred percent sure..and iims dont give any weitage to exp..so those with exp and call from decent inst..like k j..tapmi...nm...mica...scmhrd..i.e..first 20 should go ahead..economy is growing like anything..dont wait..

rest is upto u..

I agree with satyensk 100%. It all boils down to how low is too low.

I have over 5 years exp and am on the wrong side of 20s. If you ask me re-track back, I would have gone for an NM *anyday* a couple of years ago. But not anymore.

Arun

[dips-o-mania]

I have a slightly different query for all. I have a work exp of 1 year and i will be seriously giving CAT et al next year. I realised it this year tht studying and working is not my cup of tea (not everybody is tht smart)....

My prob is now, shud i work for lets say a year or 2 more and then give MBA a good shot and wait for GOOD colleges to gimme call (Like i guess most of you are waitning for) or just leave my job, study like a maniac and clear my entrance....

I am rite now working in a veryyyyyyy reputed Financial services company in mumbai - earning enough. Money was never an issue.

I feel somewhere i am not doing justice to either my work nor my studies.

I dont know if this query fits here or not. but if someone can help, it will be grt.

[rathish]

[quote=dips-o-mania]I have a slightly different query for all. I have a work exp of 1 year and i will be seriously giving CAT et al next year. I realised it this year tht studying and working is not my cup of tea (not everybody is tht smart)....

quote]

STUDY LIKE MANIAC-just wont work.....Being realistic if u study maniacly u can clear GMAT but CAT is more D-day affair..and if it eludes u. u will be at sea.So just take away the thought of quitting the job.. if it worked for someone it is just an odd exception.

And as money is not an issue.. you being into a finacial services company..and you being mumbai search for some openings..where work load is less..(i bet you can find such a company..) Do extensive research about openings..Use your network if u hav any..I know in engineering companies were work load is heavy and where work load is less...I hope same is applicable to all domains. Even going for a lower pay with a higher learning opportunity/lesser work(both doesnt come together...) is not a bad option.As far as B-school interviews goes.. i feel rather than the reputation of the company, it is the quality of work u do matters more.

dont quit to study alone..

[ABJ]

Well…Lets not now define what second rung colleges would be. But 3 yrs of wrok-ex is pretty decent. U must have now figured out WHY MBA? Is it just for fatter pay cheques? Comeon u must added something more to it.
What if u don’t get a call next time as well?
Would u really rue 2006 calls?
See besdies a decent package, MBA will offer much more to u. U r probably investing two years in a decent college and u’ll be ultimately a part of the stream u had thought of before taking the exams.
I understand that one tends to cut on the colleges after a decent work-ex. But to only aim at IIMs or XL is quite dicey, more so because of the pattern of the papers this year(we all agree on the verbal portion atleast). U never know what might happen on the D-Day. And frankly all the colleges mentioned above are good enuf to give u a solid lateral placement.
Aim for that and move on to be in a league of managers buddy.

Abhishek