Expectations from ISB - Job Profile/Career

19 Posts  ·  10 Users
About this group
Hi Everyone, Now that the results from ISB have started to roll in, and many of us (including me) know that they will be attending ISB, I thought it would be good to have an idea of what everyone's aspirations are going into ISB. More importa...
Page 1 of 2

Experts,

No doubt all the replies in this thread were pretty inofrmative and infact defined the expectations one should set before committing for MBA from ISB or IIMA PGPX.

But considering certain facts I became a little skeptical over my decision before I set off for this. Lemme throw some light on where I currently stand and then probably you can guide me through.

B.tech in ECE from NIT with 7+ years of work ex. in system and storage s/w development with world's leading product brands.

I must say I have been very successful in my engineering carrer so far. Now since I wanted to contribute to the IT business with a different role (prod mgmt/Buisiness analysts) I need to evaultate my decision on certain points.

-current CTC is ~16 lakh p.a
-Have no managerial experience so far excpet for technically leading a group of 3 or 4.
- Have been to the US a couple of times but on a similar role what I have in India. I can't really count that as an International experience as we don't work with clients and it was mostly design related discussions and with US counterparts. Total tenure in the US is 7 months.


Please note that unlike above aspirants, I do not want to switch from IT to I-banking, rather I am willing to stick to IT as a Buisiness Analyst/ IT consuntant. I want to leverage from my previous work ex. too.


Questions:
-------------

1. First and foremost can I get an idea of the salary that is offered to 8+ exp by IT firms in ISB and IIMA PGPX?


2. Based on the above discussions, is it correct to conclude that one should not count on the salaries offered post MBA from ISB or IIM-A PGPX for 8+ work ex?


3. Considering the huge fee 20 lakh one pays for 1 year course and a salary (possibly


I would request experts to kindly advise and guide me further.

Thanks,
maddy

undefined
Write a comment
Write a comment...

hey..saurav,

thanks for the detailed description of Hyderabad. Much more than what i expected :-).

Roger

undefined
Write a comment
Write a comment...

Hello Arun,
Thanks for your response.
The thing is when (and IF) I join ISB I expect to make around 12-13 lac pa. Add to this possible opportunities for the one year I will spend at ISB. With 4 years in semiconductors, an engineer could be worth anywhere between 12-20 lacs Pa.
Now to forfeit this, I wanted to see what are the liklihood of topping such a pay. I asked a ISB alumni, actually several of them, and this is what they said:
Assuming that I do not want or will not get a chance to work in i-banks / consulting . the major chunks of the offers will be IT/ marketing . And I was told that to expect a salary hike could be foolish. In the longer run however, they said that an MBA would lead to higher growth within organizations. I was told most IT salaries for 3yrs work ex rarely exceed 10+... So I have decided to do my MS .. wish me luck!

undefined
Write a comment
Write a comment...
hey-lo!
SO you dunked ISB...what was on the other end of the stick :-)
I am facing major career anxiety.. help me out here


At 24 and with 2.5 years w/e in IT you just cannot go wrong with an ISB. However, the answer also depends a lot on other parameters:

(1) Do you want to continue staying in India?

(2) Do you want to shift from (pure) technology to management ?

(3) Is it a 1-year program you are looking at when you can easily afford a 2-year course?

etc. etc.

Arun
India's fastest growing GMAT & GRE Test Prep Company: http://crackverbal.com
undefined
Write a comment
Write a comment...

I am a worker in the semiconductor industry... 2.5 yrs of exp....I had my ISB interview last week.... Now the dilemma that faces me is that should ISB accept me, should I take up the offer? I am awaiting calls from MS (USA) programs... i am very confused, and my confusion has taken up several complex dimensions... One thing that would help me a lot is information on the possibilities after ISB in terms of profiles...
1) What are the jobs one gets?
2) What are the kind of pay scales?
3) If anyone has done an MS, for example, why would they do an MBA at ISB?
4) How many jobs are foreign placements?

Thanks in advance

undefined
Write a comment
Write a comment...
Congrats to everyone who has made it to ISB. It is a great school considering employability post-MBA

However, I would be very circumspect on the shift part - IT to IBank. I really am curious to know if *anyone* has done it in the past from ISB. There are various reasons for this. The top 3 reasons:

(a) It is a 1-year course. Lets be frank mid-way you are already thinking about placements and there is very little scope for shifting industries esp with no summers etc.

(b) There is little you bring to the table in terms of actual real-world tangible skills. There is a guy called hellojp somewhere else. He has been working on finance domain for 6+yrs, with experience investing in BSE and some certificates in finance. If he goes for a 2year course in a top Bschool he has the best chance. Not with 4yrs exp in say security domain and then suddenly coming up with a plan to do an MBA and switching over to finance. As an IBank company I would look at atleast some background. A 1-year MBA affords you little opportunity to do so.

(c) I don't think the top IBanks flock to ISB. I might be wrong. Atleast that is my perception. It is *not* a Columbia, Wharton, Harvard. Brining in part-time faculties from there does not make it comparable. So if the pigeon-hole is small, your chance becomes bleaker.

My $0.02 on this IT to IBank shift thoughts.

Arun

PS: For the records I dinged ISB in 2006 but this is *not* a case of sour grapes

hey-lo!
SO you dunked ISB...what was on the other end of the stick :-)
I am facing major career anxiety.. help me out here
undefined
Write a comment
Write a comment...

Hey Roger;
This post is regrding Hyderbad. Hyderabad is a decent city. Though it is in southern heartland but compared to other southern cities is it has more acceptability to Hindi / English. Infact Hyderabadis accept Hindi and English more openly than Bangloreans or Chennaians.

ISB in Hyderbad:-
ISB is located towards one end of Hyderabad. ISB is located at confluence of newly built financial and technology districts of Hyderabad. It is surround by world class facilities of Microsoft, Infosys, Upcoming campus of Computer associates, UBS, Franklin Templeton etc. You have International games village, IIIT, Hyderabad central university in close quarters.

Pub and Restaurant

Hyderabad has decen number of pubs but most of them are concentrated around begumpet. Nearest to ISB would be Twister which is located in Hitech city - about 5-6 kms from ISB. Decent Pub.. decent food .. and good liquor(that's the best part)... 😃 good ambience... ok music.. not so good DJ.. but they have DJ exchange program with Pubs in other cities.. and those evenings are really exciting... :-)
Hyderabad is a city that loves to eat and Drink.. Lot of food avenues.. Chinese Jap, Korean, Malaysian, mexican.. you name it they are there.. Above all don't forget Hyderabadi Biryani...

Movies and Malls :-
You are movie lover like me then you may be disappointed with number of multiplexes in Hyderabad.. Just 2 😞 .. IMAX and PVR.. good and decent ones. always have latest movies .. There lot of movie theatres.. really good ones but most of the time they show regional movies... :-(..
You have good number of malls at Hyderabad and on top of that 7 more malls would be coming up by end of this year. Hyderabad is slowly becoming city of malls and shopping complex.
Infrastructure :-
I need not say anything.. Its one of the fastest moving cities.. Highly praised by media..
Traffic very bad.. Trafic department is really working on it but still long way to go..
Also Hyderabad is often visited by foreign dinitaries and Indian dignitaries like PM and President.. that adds lots to traffic congestions in city but ISB side remains cool.

Other Hangouts :-
NTR Gardens, Lumbini park.. particularly I like to mention about Eat street on banks of Hussein Sagar lake.. its a lovely place. good fast food joints.. Nice restaurants... Musical nights.. and cool breeze..

Weather :-
April and May are very hot.. but rest 10 months climate is really good and you will enjoy it.

Let me know you want to learn regarding any specific aspect of the city.

undefined
Write a comment
Write a comment...

Guys,

How r u all doing..? by the way, nobody replied to my query on how hyderabad is as a place....

A lot of us seem to be having queries on IT to banking career switch. In continuation with the same, I will reiterate amits opinion and say that one's experience level in previous industries will certainly determine the difficulty involved in making a career switch.

'would you already be termed by recruiters as an industry specialist ? '. 'Would the recruiters consider you as a person who might need to unlearn previous experience ?'. In my opinion, If you have spent over 4 yrs in a particular industry, career shift might be a risky proposition at ISB and probably even at the IIM's.

Having said that, let us just take note of career switch possibilities for a person who has about 3 yrs work ex and make a comparison between the IIM 2 yr and ISB.

IIM's
Positives - A brand name that has withstood test of time
Negatives - 2 yr course, Most companies come for recruitment of freshers, very few lateral placements.

ISB -
Positives - 1 yr course, Most companies come for lateral placements ( which is by the way a huge lacuna from an organisations perspective), placements as i understand has been much better than IIM's
Negative - long term sustainance of the brand is probably a question mark, more expensive.

Looking at the above, in my opinion, your chances of making a career shift through IIM's in most likely hood will be at an entry level. since there would be competition from the flexible and very trainable freshers. But the question is , after a few yrs of experience, would you want to do that..?

At ISB, i believe that you might be able to get away with a career shift by trading in 1-2 yrs of previous experience.

Finally, no matter, what we might discuss at the forum and get 1000 times clarity. Making a successful career shift will really depend on the competence and commitment of the specific individual. I do believe that recruiters would be coming to pick up best talent and wont be blinded by previous expereince. any way it is just a hunch.

So Himanshu and the IT specialists... DONT WORRY SO MUCH...i am sure it will happen . sometimes one has to follow instincts.


Cheers,
roger

undefined
Write a comment
Write a comment...

I think the career switch would be much easier for people with 2-4 years of exp. Companies can recruit them at a junior position for a diversity factor. For people with greater than 5 years exp, it would be a tough job to switch careers.

Also mgmt consulting is a bit different from hard core investment banking and FMCG careers. Moving from IT to mgmt consulting for a senior person can not be termed as 180 degree career switch, since they would have some mgmt and team and decision making skills already.

undefined
Write a comment
Write a comment...



I have no clue how well ISB fares in terms of making students change from IT to Finance. From what I heard from friends, it is possible but requires heavy hard work in academics. Some have done it. I guess if somebody can, then why not you. I would reccomend you to check out a CFA certification. It is a 3 level programme. Even a Level 1 can give some benefit. Ask experts in the 27-35 years range on the Finance changeover. Dont ask too senior ppl (their perspectives might be biased, MBA aspirants (coz they are as confused as we are). Instead MBAs who ve done it in recent years are the best bet.

Dudes,
I am looking fwd to discussions on the pro and cons and industry expectations of the 2 career choices. (Mgt Consulting & IB & IT Consulting). And I would encourage folks to post their views without inhibition.



Congrats to everyone who has made it to ISB. It is a great school considering employability post-MBA

However, I would be very circumspect on the shift part - IT to IBank. I really am curious to know if *anyone* has done it in the past from ISB. There are various reasons for this. The top 3 reasons:

(a) It is a 1-year course. Lets be frank mid-way you are already thinking about placements and there is very little scope for shifting industries esp with no summers etc.

(b) There is little you bring to the table in terms of actual real-world tangible skills. There is a guy called hellojp somewhere else. He has been working on finance domain for 6+yrs, with experience investing in BSE and some certificates in finance. If he goes for a 2year course in a top Bschool he has the best chance. Not with 4yrs exp in say security domain and then suddenly coming up with a plan to do an MBA and switching over to finance. As an IBank company I would look at atleast some background. A 1-year MBA affords you little opportunity to do so.

(c) I don't think the top IBanks flock to ISB. I might be wrong. Atleast that is my perception. It is *not* a Columbia, Wharton, Harvard. Brining in part-time faculties from there does not make it comparable. So if the pigeon-hole is small, your chance becomes bleaker.

My $0.02 on this IT to IBank shift thoughts.

Arun

PS: For the records I dinged ISB in 2006 but this is *not* a case of sour grapes
India's fastest growing GMAT & GRE Test Prep Company: http://crackverbal.com
undefined
Write a comment
Write a comment...