Hi frnd..my acads in 10th are 75%,in 12th 55%, & 74% in grad...if i will get 99%ile in cat 2012...will i get a col frm any of the IIM?
@Neo2000
@[398529:dushyantcfa]
@dushyantcfa said:Hello Consultants, Query about Master of Finance from LBS. This being a short term course of 10 months appx, does it make significant impact on career growth?? Moreover student profiles of current class reveals that only 10% of class was from industry (i.e. ppl apart from financial services n consulting), I am a Chartered Accountant working with a big PSU, independently handling finance/accounts of a large project site, about 4 years of work ex ; Will it make sense, pursuing MF, if i wish to make transition into financial service industry??? also, are recruiters (on campus) regular for this course?? can you compare post qualification career growth w.r.t MBA? Other insight will be valuable. reg, dushyant
Hi Dushyant,
This response has been written by Sachin (co-founder of MBA Decoder), an LBS alum:
If you are very sure that finance sector is your area of interest and career pursuit, then go for it. All companies recruiting in finance/ financial services coming to campus invite applications from both MBA and MiF programs.
However, if you do an MBA, you get an internship opportunity which many people use to make a transition to another industry/area. For instance people working into industry wanting to move into consulting would typically do an internship with a consulting company. This gives them a first hand experience of what it is really about and also improves there chances of getting an offer either from the same firm or another... as they are able to better demonstrate a fit.
In your case, you already seem to be working in corporate finance, so a transition into financial services should not be that difficult in my opinion unless you want to do something drastically different in terms of a role. That would be my take.
Post qualification growth prospects will be largely performance driven. Employers, business community and larger alumni community does not differentiate between various programs of LBS. An LBS alum is an LBS alum.
Namita
@Recaptcha said: Hello all, After going through the entire blog, I felt compelled enough to put forward my case. I have graduated from NIT with a CGP of 8.55 in 2010 and was then employed with an automobile MNC in their RnD wing. However, after seeing the technical side of things was interested to shift to the commercial/ management side of things. Hence, appeared for CAT and managed to get a seat at one of the IITs for pursuing MBA 2012-14 batch. Consequently, I have resigned from my job and waiting for the classes to begin. But, I strongly believe that this might not be the very best of opportunities and so planning to apply for some good US B schools right this year for 2013-15 session. I gave GMAT last week and scored 750 (had prepared for cat). I doubt if there had been any such cases of students leaving a school midway for some better school. Furthermore, I have already left my job so might be a couple of months before I can bag another one ‚Ź €œ this in case u advise to leave IIT this year and work before applying. Any inputs in this regard will be appreciated. Thanks.
Hi,
Generally leaving a job and spending the extra time ideally is seen negatively by business schools. So if in case you do decide to apply to programs outside India, be ready to explain how you are still developing yourself in this free time - either personally or professionally.
Regarding the decision to attend/ apply - you can best solve this yourself. Ask yourself some questions: What do you want to do after the MBA? How will the IIT degree help you get there? What are the program features that will be beneficial for you? Where do you want to be after MBA (location/ industry) - will a foreign MBA help you more? Would the added cost of a foreign MBA be worth it - will it catapult you to a position that the IIT MBA will not?
Another point to note - most MBA programs outside India prefer two years of work experience. You have not mentioned how much experience you have, but this could be an item to cross on the checklist.
Namita
Hi Friends,
I am new to this community.
I am in final year student doing BE(Mumbai University).I want to pursue MBA from USA.
The problem is that my academic record in Engg is quit dull(aggregate 55%
).So I dont think i would be place in any good Company.As i wont be having any Experience foreign university's wont be accepting me.So I am planning to give CMAT next year.Will the preparation of CMAT in any way help me in preparing GMAT,if I wish to give it in future?
Suggestions are Welcome
Hi at a score of 650 in gmat..What university i should be targeting in usa..
I need scholarship of more than 50%
@[563226:mbajamesbond] Nice nick :mg:
Quick answer: any school where the average GMAT is about 50-points lower than yours - you have a good chance of both admission and scholarship.
Long Answer: Not really since the admissions committee looks at various factors before giving you the admission + scholarship. If they find something in your profile they really like they might end up giving you a scholarship irrespective of your GMAT scores. Here is an example of someone with a GMAT score of 660 but got in with a 2/3rd tuition waiver (huge!) at Krannert (ranked high albeit in the mid-tier):
Arun
@Psychodementia said: @mbajamesbond Nice nick Quick answer: any school where the average GMAT is about 50-points lower than yours - you have a good chance of both admission and scholarship.Long Answer: Not really since the admissions committee looks at various factors before giving you the admission + scholarship. If they find something in your profile they really like they might end up giving you a scholarship irrespective of your GMAT scores. Here is an example of someone with a GMAT score of 660 but got in with a 2/3rd tuition waiver (huge!) at Krannert (ranked high albeit in the mid-tier):www.crackverbal.com/success-sp...Arun
Excellent article...Quite motivating....
Though krannert was on my mind..But i thought there average gmat is 700+..So i am very much impressed over it....
@mba-help said: Hi, Generally leaving a job and spending the extra time ideally is seen negatively by business schools. So if in case you do decide to apply to programs outside India, be ready to explain how you are still developing yourself in this free time - either personally or professionally. Regarding the decision to attend/ apply - you can best solve this yourself. Ask yourself some questions: What do you want to do after the MBA? How will the IIT degree help you get there? What are the program features that will be beneficial for you? Where do you want to be after MBA (location/ industry) - will a foreign MBA help you more? Would the added cost of a foreign MBA be worth it - will it catapult you to a position that the IIT MBA will not? Another point to note - most MBA programs outside India prefer two years of work experience. You have not mentioned how much experience you have, but this could be an item to cross on the checklist. Namitawww.mbadecoder.com
Hi Namita!!
Thanks for the info. I am planning to start my session at IIT and will be applying to b schools abroad simultaneously for 2013-15 session. So obviously I can show this as a personal development for the time being. With regards to experience I have been employed for 18 months and have resigned from job just a few weeks back. However, one thing I am worried about is whether the adcom will see my leaving one institute for the other in a positive light?
Thanks
Hi
I am trying to compare an mba in India( IIMs(A,B,C,L,K,I), FMS, XLRI), with an Masters in Management/Finance in Europe (HEC Paris,ESCP and other top ten schools according to FT rankings).
My background is as follows:
GMAT: 750
Last year CAT: 99.43
GPA : 7.43(absolute grading), from IIT-BHU
work ex: 1 month as of now, working for a company serving financial giants for middle and back office work. (I have interest in Finance and not only for the money), work involves programming based but requires domain knowledge.
pros that suit me that are there with European MIM/MIF are:
1. short term course compared to 2 years in India
2. More opportunities of an international career
3. Better Work-Life balance post graduation(i'm not so sure of this, just some of my friends(credible ones), presently abroad told me this)
Cons that i think are there:
1. The European economy nowadays is fairly unstable, however i don't know if studying in Europe would also mean working there.
What i expect to know:
1.If you could expand my pro/con list so as to help me better evaluate my situation or something i might have stated in my pro/con list that may not actually be true.
2. If somebody could compare job opportunities post graduation in both scenarios, i would be really grateful.
3. Any other advice
Why i don't want to wait for a few years before going for higher education: Primarily because i don't think there are management oriented jobs(real stuff) that are really offered to fresh out of engineering college guys.
Thanks for being so patient as to read such a long post, eagerly waiting for replies
There are many options available overseas. first i would like to tell you the
Pros :
1. There economy is still better than ours. You must have gone through newspaper that the rupee is breaking in front of dollar.
2. European B-School are more diverse than Indian B-Schools because everything is balance over there. If you join European B-School you will be exposed to real learning.
3.Faculty and placements- There are viable options of getting hired by the top notch companies. The faculty over there is too good.
Now lets take a look at cons-
1. You need to have a lot of money to take admissions in these blue chip institutions .
2.Many B-School won't be considering you because you don't have any work experience.
3. Life outside country is not too easy as there is some kind of discrimination on the basis of race,language,etc.
Hope it helps for any mode advice message me.
Pros :
1. There economy is still better than ours. You must have gone through newspaper that the rupee is breaking in front of dollar.
2. European B-School are more diverse than Indian B-Schools because everything is balance over there. If you join European B-School you will be exposed to real learning.
3.Faculty and placements- There are viable options of getting hired by the top notch companies. The faculty over there is too good.
Now lets take a look at cons-
1. You need to have a lot of money to take admissions in these blue chip institutions .
2.Many B-School won't be considering you because you don't have any work experience.
3. Life outside country is not too easy as there is some kind of discrimination on the basis of race,language,etc.
Hope it helps for any mode advice message me.
Hi,
I am stranded at this point in my life and would require some serious help, my profile is as follows;
Working as HVAC Engineer in Kuwait
GMAT - 610
CGPA - 6.6/10 in Mech. Eng. from BITS Dubai
School - X - 82%
XII - 82%
EC's - Have been an integral part of sports and cultural organizing committees throughout, in my office have been a part of the cricket team and played in 2 intra-company football tournaments.
Now my problems start, I was shortlisted from 2 b-schools in India but got rejected after the interview - XLRI and IIT bombay. Before I wanted to attend a b-school in India coz of the fee factor but now i am open to all.
So, according to my profile can some one please suggest me the names of the colleges in India and abroad, where i really stand a chance of getting through, considering the fact of placements as the economies in the west are currently not well placed.
I know my gmat score is really low but due to the work pressure and timings, I doubt I can give it again this year, which makes me have the same score for the applications in India next year.
Please someone help me as there are no consultants here and that makes me handicapped for advice and proper guidance.
Expert Consultants,
I need you to guide me to take a career decision. I'm putting forward my profile:
I'm a CA (first attempt), working with a semi government Manufacturing entity since 3 months handling sales, debtors, sales tax & collection.I have 3 and a half years of articleship experience in Bank audits. I have scored 80% and 81% in 10th & 12th and 78% in B.Com.
I am thinking of pursuing MBA. And I'm confused as to whether to do it form India or abroad.Do I have the requisite work experience?
Later on I want to shift in Private Sector so whether this transition or say shifting be easy considering my G-sec job.
So guide me when should I go for MBA, where.
Dear Consultants,
Need your help. My profile:
Acads: class X: 81% (WB Board)
Class XII: 68% (WB Board)
Grad: BSc Chemistry 57.4% (Calcutta Uni)
WE:
5 years with leading MNC in their HR/recruitment team
2 years with leading non-profit organization in their Communications/marketing team
Gmat: 630
I have offers from KJ Somaiya PGDM Executive and SP Jain Global MBA.
Pros for SP:
Industry recognition
Greater mix of students
Cons: extremely expensive course (Indian standards)
Average years of WE is 3 years only while mine is 7+
Pros of KJSomaiya:
Much cheaper course
AICTE approved
Lesser batch strength hence more attention
Average years of experience close to mine
Cons:
New course
Placements for 1st batch yet to happen
Not much info available about the course
Please advise if its suitable for me to take up either of these.
Or if I choose to apply to the grade A b schools – ISB, IIMs – what would be my chance?
Thanks in advance and awaiting a quick response!
Hi frnd..my acads in 10th are 75%,in 12th 55%, & 74% in grad...if i will get 99%ile in cat 2012...will i get a col frm any of the IIM?
My Profile:
10th: 86%
12th: 82%
Undergrad: Mechanical Engg. from NIT Durgapur, CGPA= 8.04
Work Ex.: 36 months by the times I wish to join 1n 2013,
Petrochemical Industry- Leading a group of 11 persons for the last 1 year
GMAT: 740 (49 Quant, 41 Verbal)
EC: Decent
Now my question:
I'm targeting Smeal, Carlson, Fisher, Krannert, Arizona state etc. for Fall 2013 session.
I've a gap of 2 years between passing out of class 12th and starting my Engineering as I was trying for IIT-JEE. Do I need to explain this in my Admission essays and will it be a factor? In Biggest Failure essay- Can I mention it as my biggest failure or it has to be job experience related?
Hi,
Please evaluate my profile:
1. 10th: 82%
2. 12th: 79%
3. B.Tech from GGSIPU(70%) in E&C;
4. MBE(Masters of business economics) Regular 2009-11 from GNDU, Amritsar
5. 3+ Work ex in Top MNC(Telecom)
6. SIx sigma green belt
7. ITIL V3 FOundation certified
8. CMMI Implementation in the company(Leading the charge from my function)
Please guide me as to how much GMAT Score i need to get in order to fetch a Call from Richard Ivey School of business and ISB Hyderabad. I have my GMAT Scheduled in september.
@Recaptcha said: Hi Namita!! Thanks for the info. I am planning to start my session at IIT and will be applying to b schools abroad simultaneously for 2013-15 session. So obviously I can show this as a personal development for the time being. With regards to experience I have been employed for 18 months and have resigned from job just a few weeks back. However, one thing I am worried about is whether the adcom will see my leaving one institute for the other in a positive light? Thanks
I don't think any of this will put your candidacy in a positive light for another b-school. Why? - It shows indecisiveness on your part. For one, if you start preparing for another course soon after enrolling into one, it means that you are not satisfied with the quality of the present one or that you were not committed to it right from the start. This itself will negate your arguement that you made some 'personal development' there.
Doing an MBA is a big decision, and my suggestion to you is to be sure about what you want at this stage itself. By not doing so, you are only procastinating this introspection. If you are not convinced whole heartedly about the IIT MBA, don't get into in now, else you will not do full justice to it.
Another approach can be to go ahead with it, utilize the learning in your jobs for a number of years and do a 2nd MBA later in life, if you still feel the need for it.
But before anything else, be sure about what you want.
Namita, at MBA Deoder
@sansd said:Hi, I am stranded at this point in my life and would require some serious help, my profile is as follows; Working as HVAC Engineer in Kuwait GMAT - 610 CGPA - 6.6/10 in Mech. Eng. from BITS Dubai School - X - 82% XII - 82% EC's - Have been an integral part of sports and cultural organizing committees throughout, in my office have been a part of the cricket team and played in 2 intra-company football tournaments. Now my problems start, I was shortlisted from 2 b-schools in India but got rejected after the interview - XLRI and IIT bombay. Before I wanted to attend a b-school in India coz of the fee factor but now i am open to all. So, according to my profile can some one please suggest me the names of the colleges in India and abroad, where i really stand a chance of getting through, considering the fact of placements as the economies in the west are currently not well placed. I know my gmat score is really low but due to the work pressure and timings, I doubt I can give it again this year, which makes me have the same score for the applications in India next year. Please someone help me as there are no consultants here and that makes me handicapped for advice and proper guidance.
Hi Sansd,
Would you consider doing a part time MBA/ executive MBA from a b-school in UAE?
Why this would make sense for you:
1. your GMAT scores will be a better match for the average class scores there.
2. Classes will be held during weekend so you can continue working and just fly down to Dubai (for most of the programs)
3. If you plan to continue working in MENA, it will help to study in the region. Besides these programs are well recognized in the region.
Your GMAT scores are quite low for most Indian b-schools. Compound that with very average GPA - and the combination will begin to place restrictions on your choice of b-schools. From this perspective what I have suggested above will make more sense.
Namita
www.mbadecoder.com
Hie ,
I am Mohit Arora, a Computer Engineer and an MBA.
I completed My Engineering in year 2009 and straight away I prepared for CAT got 87%ile . Then i got admitted into a college that i believed was a good option for me that is Delhi School Of Management , management wing of Delhi College of Engineering. My subjects were Marketing & Supply Chain Management.
Now from there i got Placed in TCS & FIITJEE ..
I dropped my TCS option as FIITJEE was offering me high package... as i always had in mind i am to do something on my own i.e earn money and do something new like have my own start-up..
Now I left my FIITJEE job also... The profile offered to me was Business Development Manager. I have almost 1 yr of experience.
I want to study further and have great career ahead....I have not yet given GMAT but i am sure if Attempt i will get 700+ ..... i can prepare for GRE too..
SO kindly tell me what type of course i should apply
I am thinking about MS in CS .....Please guide me with some universities that that are good for me...
Doing MBA again from a top university/college is one of my option .
i want to settle abroad...please help me in shortlisting the college & and the course which i should opt for... Country is not an issue for me ...I will prefer a good college in good country with good career prospects.
Based on my profile,please mention the name of some good colleges along with the courses I would like to know
Thanks a lot for your patience & reply....
@home11alone said:Hi I am trying to compare an mba in India( IIMs(A,B,C,L,K,I), FMS, XLRI), with an Masters in Management/Finance in Europe (HEC Paris,ESCP and other top ten schools according to FT rankings). My background is as follows: GMAT: 750 Last year CAT: 99.43 GPA : 7.43(absolute grading), from IIT-BHU work ex: 1 month as of now, working for a company serving financial giants for middle and back office work.
Seems like we can no longer quote specific queries in line with the answers, so this is going to be a little hap hazard:
MiM programs are not necessarily shorter courses - most of them are between 12 and 18 months. In addition, at your age and level of work experience, it may just benefit you more to spend a longer time at b-school - for the fun and for the learning.
For work life balance - depends on your industry after graduation. If you get into Investment banking for instance, you will have a 16-18 hour day wherever you are.
If you are planning to study outside India, coming back to work immediately after the course may not be an option as you would have a huge debt to pay off.