January 17, 2010.
I am currently studying at Durham Business School for my MBA; 2009-2010.
This Post is for all those guys who are mailing me and need some info.
Kindly note: This post is mainly with respect to the following questions:
1. Should I study MBA at UK or USA or elsewhere?
2. Is 1 year MBA better than 2 years MBA program? is it worth it?
3. Can I do Part-time jobs while studying at Durham or any top MBA progs at UK.
4. How can I repay the bank loan and EMIs?
5. Jobs in UK after an MBA from UK, esp from not the top-5 ranked B-schools.
http://www.pagalguy.com/forum/international-indian-mba-schools-accepting/37593-durham-2009-intake-help-needed.htmlOrkut community:
orkut -Firstly all the best for your MBA applications and GMAT exam. My friends and me have posted lots of things on this Pagalguy forum. Kindly go through them right from page 1 till the last.. You should get an entire picture about Durham MBA from it.And that Orkut community link is: After getting into Durham MBA, We all shifted to that Orkut community.
Unlike most of top ranked Universities which accept any kind of work-experience, Durham is a bit strict on
managerial-level work-experience!
The program is nice,
Value for Money. An intense- 1 year course, in which you might hardly find time to breath and relax.Good lectures,latest case-studies, interactive sessions, guest lectures..A nice package with a great University reputation.
Place: Durham is a county and a great place to study(and drink-drink and drink)..Rich English culture!! Not too many shopping centres and city life.By 5pm all shops will closed. UK is its an expensive place.Right from one loaf of bread costing you 1,sandwitch 4; to
cheapest spectacles costing you not less than 150. Otherwise, in short, its a nice place to relax, study and take a break, questioning yourself, priorities and values.
Durham Alumni and Mentor system is very much helpfull throughout the studies and guess in furthur too. I am constantly in touch with my mentor and Alumni, who guides me everytime with valuable points and suggestions. And those of whome who think that it will fetch you a job? hahahaha,LOL!, No, it doesnt work that way! Its just purely networking! Thats it! They might give you suggestions and recommendations, but NOT any job after your studies.LOL!
I heard rumours that Durham for this year's intake might ask for a GMAT scores.and Durham is really climbing up the ranking. I am sure it is going to hit highest rankings and recognitions with 2 or maxi 3 years.
if you want latest rankings, As of latest- year 2010 rankings.
On an average of all rankings
Durham UNIVERSITY is among top-9 UNIVERSITIES in UK.
As of latest- year 2010 rankings, On an average, Durham MBA program is among:
Top-10 in UK.
Top-20 in Europe; and
Top-50 in the World.
1 year MBA is majorly for people who wants to stay in their present industry and require an vertical positional hike. It is not meant for people who look for a career change or a detailed MBA study.
And for US and Canada yes its 2 year program.There are many giving you 1 year as well.And FYI, dont think that all these guys go to US's top B-schools because they got 40-70 Lakhs to spare or roll. All matters is if for first 6 months can you shell out from your pocket.Which will be the same amount that an year's living expense in UK without doing part-times would cost you. In US,after 6 months, 95% guys i know, have found part-times,(and in UK 95% have not).
Moreover, 2 year MBA program is relaxed.You will have ample time to do part-time jobs and understand the subjects in detail, and most of them provide interships during the last year.
Abstract from a reply I sent few days back, answering her questions:
************* Mail*************"try to be career focussed in life..make sure you have an aim in life: to get into top b-schools in the world! anyways you are going to spend lakhs and 1 or 2 years of you life..why not to the best?? work towards it. Not always, but Chopras consultancies and others have misguided lots of my friends. they are very much biased and always play safe to increase they reputation or commissions. and talk in very genuine and convincing ways..even small issues, they mis-guide the candidates always! if you have time so that you can wait for an year, dont waste ur money and time.. do your GMAT preprations, get best scores, with that apply top top b-schools. any b-school ranked within top 35 in the World acc to FT rankings should be fine..
1) What kind of part time jobs you can expect and in how many months?
No part-times available in UK right now..nor in near future of 1+years..unless you are very lucky.. moreover, if you doing MBA in top Univs, including from Durham, forget Part-times, you wont find time to even breath. So forget Part-times while doing from top -schools in UK..maybe U can do while studying in USA' top b-schools..
2) What is the present job scenario in UK.. Since I would be graduating in 2011 what could I expect with my kinda previous job profile
No jobs so far.. previous cohort are still searching for it..hardly 2-3 few got placed..and that too it was based on their previous jobs.and in your case, since you are from India its difficutl..while in 2011, i dont think it will be favourable in UK/EU..in US, yes, you will..i know lots of cases within this year itself..btw, new restrictions on IT workers on-sites to even MNC! 3) What internships can you expect.. Are you in any internship and how about getting permanent thru the same company...
Internships??
its just 1.5 months of business project..that all..In LBS and Manchester b-school i think you have longer ones..After your studies,you can apply fro internships..again,You must be lucky..yet again, it easier, and happens in US... or few cases from top 5 B-schools in UK..
See buddy,it doesnt work that way in UK..please dont go with false pictures and dreams given by ur friends or consultancies..it was like that ages back..not since past 2 years..and infuture its going to get tougher for International students!Study in any top b-schools in US..what you asked is all possible..atleast a 50%+ chance.. even if you study in top 5 in UK, you would find it difficult to get a part-time, and time to do it..and even if u do it, it will just cover your basic living expenses.Ok, its true that If its MBA from top 5-b schools in UK, you would get internships..but in majority of cases it doesnt get confirmed to a permanent job, no matter how best you perform.Sorry to not give u glossy pictures..i have just written the facts..if u have time, prepare for GMAT and get in good b-schools in US.. else, try for best ones in UK..else try at Durham..and if not able to get to Durham, rest in the list..if you have personal issues with finances/money, dont come to UK.. Goto US.. trust me on that! :)
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Budget-wise, it is the main issue..even 1 or $1 counts. But if you have a good GMAT score, most of top Universities give u upto 50%scholarship on tuition fees.
EMI is the main factor, when it comes to MBA studies in UK.It is nearly impossible to pay that much EMIs unless you have savings or heavily paid jobs. If going back to your present industry after studies, will fetch you with designation hike as well as huge pay, and someone can guarantee you that, like your reporting head or anyone, then do come for UK MBA.
Think about it.You have all the answers within urself. My above said scattered infos might help you to make a decission. And taking 20-25 lakhs loan from the bank, and paying nearly INR 35K EMI after studying,thinking you will find a job in UK within 1 year after your studies, is NOT HAPPENING! its just a myth. or say, you should be really damn lucky. as well might try lucky-draws!
Friend, IF the total fees including living expense of the MBA program is coming upto, say, 25 Lakhs, and you have atleast upto 15Lakhs saving in urs or parents/anyone close and then if you could take 10 Lakhs loan from bank, it should work out. any 1 year top MBA should work out if you have finances in that denomination.
Learn to Prioritize!This is what We all did: take a pen and paper! it might sound stupidity, but trust me,it works!! Jot things down.prioritize, and then conclude. I am sure you can do it. Later stick and focus on to exactly what you have concluded.
All the best,
BrijuKB