Dear Pagalguys,
You can be realistically optimistic. But for your information, some IESE MBAs from the batch of 2011, who were employed in Europe in leading Banks or Companies have already been retrenched. Dont ask me how i got the information. They are already asking the Banco Sabadal for rescheduling the loan instalment. MBA is a hype. But paying Rs 35 lacs in tution fees, Rs 25 lacs in living expenses and another at least Rs 20 lacs in Salary foregone is a very high price to pay for MBA. At any rate MBA in Hongkong, or Singapore or Australia or canada or USA or India is better. If you do MBA in Canada or Australia you are sure to get resident status. If you do MBA in Singapore or Hongkong you will get a job definitely. Even otherwise cost Rs 20 lacs is manageable. if you do in USA, if you can manage to stay in USA for one year. But MBas in Europe or UK does not give this option. so please avoid this costly mistake.
I can attest to the finding. I have an Admit from from IESE and ESADE. I chose ESADE because it gives me the flexibility to complete my MBA in 12,15 or 18 months. I have already paid the first installment of 8700 Euros.
Esade did not give me much time to wait and see. I did my own reasearch and I think that Krishnaak is correct.
I did some research and found the following
- I talked to a current student at ESADE and he said that it is next to impossible to find a job in SPAIN or other european countries becuase you need to know the language. If you are betting on working in UK then you are probably not aware that UK has implemented new rule in Dec 2011 which has made it impossible to work in UK for people who graduated from universities outside UK. Earlier if your school was in top 20 list of Europe then you get 12 months of working visa and permission to look for a job. The new rule says that even for students who graduated from UK universties like Oxford, London Buisness school will have only 4 months to look for job and an employer who would file for work visa. I verified this news from Wall street journal and several other news source.
- I called up one for seniors from school days who is a pass out from IESE MBA 2008 batch. He said that he would trade places with me in US anytime. He confirmed that working in Europe for Non european is very difficult. Most of the people end up taking jobs in Dubai(which is hiring MBAs from europe like crazy) or singapore.
- I called up two more friends from my engineering days in India who are working in Switzerland. One of them is working in German speaking part of the country and other is working in french speaking part of Switzerland. They both confirmed that language barrier will stop you from getting an offer unless you are exceptional. They gave their example that although they both work in Switzerland but they cannot switch places because one works in french speaking country and other is in German speaking part of the country.
- I called up another friend of mine from Engineering days and he is studying MBA in SDA Bocconi Italy in the current batch. I wanted to make sure that this was not the case in other part of Europe. He confirmed that for Non Europeans you will end up in Dubai, Singapore or India or any other English peaking part of the world. He confirmed that so far only guy who was from India found a job in Italy.
The Esade site mentions that something 80% found job outside Europe so if anyone who is not from European country, please acknowledge the fact that you "might" have to end up going to your home country. If your plans are that you will get a job after graduating from ESADE / IESE / IE etc. in EUROPE, then please be aware of the huge risk. If you are open to working in Dubai/ Brazil/Singapore then you are good to go.
- Additionally I looked up people from India who did their MBA from IESE and ESADE and so far have not found anyone who passed out from IESE or ESADE from batch 2007 (2 exceptions they had PR from UK) onwards who is working in Europe or USA. "Almost" everyone is working in India in Bangalore/Noida Mumbai etc. I called up another 2009 passout in India and talked to him. He confirmed that possibility of working in Europe is extremely slim. He did mention that Middle East hires heavily from from IESE and ESADE and visa is not a problem if you are open to working in Dubai/ Muscat/AbuDhabi etc.
So if any critics on this forums says that be optimistic, then please use your own judgement. I read that someone said that when it comes to job and prospects that no one holding a crystal ball will be bale to tell you your future. It is true for both sunny day scenario and dooms day.
It is so tough for me to give up a chance to get an MBA from world renowned University, but I also need to think wisely.
Lastly, both school and admission counselor at IESE and ESADE say that 75-90% (plus/minus) work outside Spain, it is true but they will not tell you exactly how many non-European got a chance to work in Europe.
So do your own research, don't be afraid to reach out the alumni... Use LinkedIn, Facebook or twitter. Alums are people like us and they like to help.
I had also asked this question to one of the alum that since I am working in US for last 6 yrs, do companies from US hire from these schools - He said Yes they do visit but prefer to hire some one who is already eligible to work or is already a citizen or visa is easy to get .. ex - Canadians, Singaporeans..
In all I talked 11 people - 2 from Adcom committe, 2 from Current students, 3 Alumni(2 from 2009 and one from 200

, 1 from 2006 IESE alumni who was also my senior in school and now works in UK, 3 College friends who are wroking in Germany and Switzerland(They do not have MBA but have been working there for last 4-5 years).
So think before you take a leap.