Anyone from Bangalore/London who has received an admit from SAID for the 2013 programme?
B.Com grad/ 6 yrs work ex in Mktg
Got offers from NewCastle, Leeds, Ashtopm, Bath, Liverpool, Henley Business Sc, Sheffield Hallam univ, Univ of Lancashire, Cardiff, Liescter, Nottingham, Liverpool, London School of Biz & Financ.
Pls suggest which one is good for a FT MBA as far as UK job market is concerned??
@nobodyhasthisid said: Liked the line of thought, so felt like adding my 2 cents Source: Basis the research I did on MBA options during last 5yrs 1. MBA is long term investment. So evaluating short term ROI post MBA is not fair. Also, from whichever school you pass-out (including HBS), the first job you land up with, depends on what have u done in your previous work exp, otherwise, you have to start from the scratch... unless you are an exceptional such as Mark Zuckerberg. So, conclusively, in the short run you have 20L and land up with 14LPA (avg. Sal from ISB, which is possibly an overstatement, so far I know it is more of functions of your experience pre ISB and much lower than quoted) job but in the long run miss out on too many other things 2. Indian MBA B-Schools are yet to get traction abroad. If I say that, I mean people sitting on the board of governors/management of top MNCs or leading socialites or public figures. With an SBS or JBS MBA one can command respect in the corporate world in India but someone from ISB might not command tht kind of respect outside India....I accept the counter argument how old the program is and all tht.... For example: same batch ISB & NUS, post MBA same Company abroad, ISB grads offered lower salary than NUS MBA 3. In India, any MBA program (including ISB) is highly India centric or south Asia centric... So one misses out on global perspective, if someone going with a significant work exp for an MBA then might not make sense 4. And any kind of college education is for lifetime, it should make ones professional career self sustainable (like an organization), and tht's why "Campus placement week" approach doesn't apply in west. And, given the fact if one has got good work experience and good undergraduate college degree (assumption is, one has a decent profile, basis which you get through any of these B-Schools) then coming out of Oxbridge MBA (in recession time) might act as road block in the short run but in the long run the ROI will be more in form of a evolved and well rounded professional. Example: Indira Nooyi IIMC then went to her Yale SOM MBA, one should read her interview and experiences around Yale MBA programs, she never even mentions IIMC All the points mentioned above are my personal opinions and have been written with intentions to share my perspective.
hunter101 SaysI am an MFE aspirant to Oxford and also have got an interview call for Round 2. Any other MFE applicants here preparing fr interview?
Interesting comments throughout the thread. Well I guess I have much to contribute to help all those thinking of doing an MBA from the UK.
Firstly, no jobs. PSW (post study work visa) or not (which again is getting stopped from this year) jobs are very scarce and the current government is under immense pressure to not allow foreigners to land up jobs on UK shores. Of course you might find some odd jobs but you do not really wish to be MacD guy with an MBA do you?
So if you have a problem with money I guess its not good to come unless you are graduating from LBS. However, the experience was really good. Lots of exposure, different styles of teaching, different people and I made a whole lot of friends from different nations. Studies is good and standards are high. Its a one year course and you need to get a distinction (70%) to be actually considered for any decent job but 70% there is way harder than that in India.
For anyone dissing the UK, I agree it is a risk. If you are an average student with no family business back up then do not go. However if you are good or have some money to spare and really tired of some 3-4 lac job in India just go.
For anyone comparing jobs in India to the UK: In India you can never work in a restaurant and still support yourself. Unless you have IIT/IIM brand it is still hard to get a job. Naukri.com reports 5000 applications for each management level fresher/1-2 yrs work ex job. So India is not rosy. Yes, due to the stupid conversion rate things just seem very expensive to someone from India to the UK but so says my friend who is from Bihar about Mumbai.
My quals: BTech Chem Engg IIT-G, MS Pharmacy USC, MBA Warwick.
And honest reply regarding jobs. I am working in a top MNC in Mumbai with a salary of 13 lacs pa. Before I went abroad I was working at 8 lacs pa. My girlfriend who is just graduating from IIM-L is getting 14 lacs pa on joining with 0 exp. And I was basically hired on my IIT undergrad degree. So studying abroad makes little difference. And even makes me rather frustrated with work life in India sometimes. But the problem is this, the 3 persons directly reporting to me have all got MBA's and are engineers from Mumbai university or some other relatively lesser known colleges. And they all get something like 4-5 lacs pa with 5-6 yrs more experience than me. Considering that a very small percentage will get through IIT/IIM it seems terrible that employers in India are so biased.
Lastly, jobs are all about contacts. Frankly I got this job after wasting 2 months in the UK through a IIT senior and even now recruits are 40% via contacts and the rest through personal talent etc. So maintain those contacts always.
Anyone can ask me anything about interviews, GRE,GMAT whatever. Never gave CAT but even IITJEE questions are welcome. And since I have studied in both the US and UK I am equipped to handle both :)).
Currently, got admitted in Cambridge Judge for PhD in Business with awesome stipend (after my share of 3 straight rejects) so will be off this October. PhD in business in interesting and a topic best left for later.
Thanks for reading and all the best. Shoot me questions and I will try to answer as much as I can....