I’m somewhat surprised that there is no thread for IESE class of 2014, leave alone 2013. Anyways, I got an offer from IESE to attend their assessment day, which is the last step before a formal offer. I have heard that most of the students m…
I'm somewhat surprised that there is no thread for IESE class of 2014, leave alone 2013.
Anyways, I got an offer from IESE to attend their assessment day, which is the last step before a formal offer. I have heard that most of the students make it to the class after this event. So, I hope I'm in too.
Coming to this thread, I would like other prospective IESE students and applicants like myself to actively participate in this thread to share their interview experiences as well as discuss their plans at IESE for the future including placements, visa and other stuff.
Alumni input here would greatly help us regarding spain's situation this year in terms of placements and other general details.
Hey I have also been selected for the Delhi Assessment day.Did you by any chance attend the Mumbai event ??
adri_fred SaysHey I have also been selected for the Delhi Assessment day.Did you by any chance attend the Mumbai event ??
Congrats! Yes, I did attend the mumbai event. My interview was on the next day.
So how are you preparing yourself for the assessment day? Any insights on how many get selected after this event or how we shouldn't be on that day with respect to behavior, presentation etc. ?
Hey guys,
Congrats on being invited to the Assessment day. I too was surprised to notice that there was no previous discussion on the IESE Class of 2014. I've been invited to an interview and have scheduled it for the 3rd week of January. I'm having some difficulty in finding places that provide video conferencing facilities in Mumbai. Do you guys have any information?
Dear Pagalguys,
IESE does not have any brand name in Asia. If you can get a job in UK it is well and good. If you do not get a job in UK you will find it extremely difficult to get a job in India. The employers ask what is IESE. Before you sell yourself you have to sell IESE. There are no alumnis worth the name in India. The alumni association is only in name sake. You will better off doing your MBA in IIMs or ISB or any well known Management institutes. IESE will put you backwards with a total expenses of at least Euro 120000 including fees and living expenses. Taking into account the salary foregone, your investment is Rs 1 CRORE. Even if you get a starting salary of Rs 16 to 18 lacs, you cannot even pay the educational loan, let alone recover your investment. Any MBA in USA or Canada or Australia or Singapore or Hongkong or India will be much better than IESE MBA.
Dear Pagalguys,
IESE does not have any brand name in Asia, particularly India. If you can get a job in UK it is well and good. If you do not get a job in UK you will find it extremely difficult to get a job in India. The employers ask what is IESE. Before you sell yourself you have to sell IESE. There are no alumnis worth the name in India. The alumni association is only in name sake. You will better off doing your MBA in IIMs or ISB or any well known Management institutes. IESE will put you backwards with a total expenses of at least Euro 120000 including fees and living expenses. Taking into account the salary foregone, your investment is Rs 1 CRORE. Even if you get a starting salary of Rs 16 to 18 lacs, you cannot even pay the educational loan, let alone recover your investment. Any MBA in USA or Canada or Australia or Singapore or Hongkong or India will be much better than IESE MBA.
Good luck everyone.
I just got my admit today.
I am an Indian living in Scandinavia for past 8 years.
I didn't have to attend the Assessment Day but I did attend the Open Day in Barcelona.
Any admits for the class of 2014 here?
Not preparing too much for the assessment day .From what I heard they split you into random teams and ask you to analyze a case study :).
From what i have heard there is a good conversion rate from assessment day calls to final admits .So I think we are almost there
@Krishnaahk
Krisha the points you make are very valid.Are you a past student ?
The assessment day is really just to get the feel of who you are rather than what you know. When you discuss the case, make sure you make a couple of points - no matter how silly. And allow others to talk and participate. I was in Barcelona last week and I was told by a current Indian student at IESE that at the assessment day, you stand a 2/3 chance of getting admitted. So you all are pretty close!
I just wanted to make a point here. I have seen that most european students (me included) got their admissions without the need for an assessment day. But for Indian students who are IN india withouth significant overseas experience, the assessment day is pretty much required. I guess the reason is that they know you are smart but they just want to make sure if you are team-smart. (Indians are notorious for being competitive). So follow my advice above and you will be okay.
And don't forget to join the Facebook page whether or not you are admitted already. The adcom is active and it's good to be seen there.
Good Luck!
Not preparing too much for the assessment day .From what I heard they split you into random teams and ask you to analyze a case study :).
From what i have heard there is a good conversion rate from assessment day calls to final admits .So I think we are almost there
@Krishnaahk
Krisha the points you make are very valid.Are you a past student ?
Hey pixaar can you give share the details of this facebook group?
The assessment day is really just to get the feel of who you are rather than what you know. When you discuss the case, make sure you make a couple of points - no matter how silly. And allow others to talk and participate. I was in Barcelona last week and I was told by a current Indian student at IESE that at the assessment day, you stand a 2/3 chance of getting admitted. So you all are pretty close!
I just wanted to make a point here. I have seen that most european students (me included) got their admissions without the need for an assessment day. But for Indian students who are IN india withouth significant overseas experience, the assessment day is pretty much required. I guess the reason is that they know you are smart but they just want to make sure if you are team-smart. (Indians are notorious for being competitive). So follow my advice above and you will be okay.
And don't forget to join the Facebook page whether or not you are admitted already. The adcom is active and it's good to be seen there.
Good Luck!
Can I apply now? how much did you score in the GMAT?
Sure. Here it is.
https://www.facebook.com/groups/141110965985241/
Or you can just search for "IESE MBA Class of 2014"
adri_fred SaysHey pixaar can you give share the details of this facebook group?
My GMAT is 720. Q:49 V:39
And I have significant international experience, both academic and professional.
You can always apply - what's your profile?
mzkfrk SaysCan I apply now? how much did you score in the GMAT?
Dear Pagalguys,
IESE does not have any brand name in Asia, particularly India. If you can get a job in UK it is well and good. If you do not get a job in UK you will find it extremely difficult to get a job in India. The employers ask what is IESE. Before you sell yourself you have to sell IESE. There are no alumnis worth the name in India. The alumni association is only in name sake. You will better off doing your MBA in IIMs or ISB or any well known Management institutes. IESE will put you backwards with a total expenses of at least Euro 120000 including fees and living expenses. Taking into account the salary foregone, your investment is Rs 1 CRORE. Even if you get a starting salary of Rs 16 to 18 lacs, you cannot even pay the educational loan, let alone recover your investment. Any MBA in USA or Canada or Australia or Singapore or Hongkong or India will be much better than IESE MBA.
Few of the points you mentioned are valid but I think expenses wouldn't be so much as you say. Tuition is coming out to be 50 lakhs. Expenses can be around 10-15 lakhs. Placements wise most of the students (60-70%) work outside spain after the MBA. 90% of the IESE students get placed within 3 months of the MBA. The average salaries in Europe presently are around $60000-70000. The numbers I mentioned are for the latest year (2011). In the long term, a european MBA will have better global exposure than one in Canada/Singapore/Hong Kong/India. Compared to Canada, you'll have more options, placements wise, in Europe. India doesn't know IESE well but rest of the world does as seen in the rankings and no. of companies offering placements.
The only sore point is the instability in Euro Zone. But as an optimist, I feel things will change soon. If you want to come back and work in India immediately after an MBA, then any global MBA, let alone IESE, is not a good option.
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.
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.
As a current student at IESE, I would be definitely interested in your source of information! Also I find the claim of getting a definite job after doing an MBA in Singapore is a tall claim! I believe that is true even for any region and any school, for getting a job depends on lots of factors! Indian MBA is definitely different in ROI but then Indian MBA doesn't suit everyone needs!
Anyways wish all 2014 IESE aspirants all the best for their applications!
As a current student at IESE, I would be definitely interested in your source of information! Also I find the claim of getting a definite job after doing an MBA in Singapore is a tall claim! I believe that is true even for any region and any school, for getting a job depends on lots of factors! Indian MBA is definitely different in ROI but then Indian MBA doesn't suit everyone needs!
Anyways wish all 2014 IESE aspirants all the best for their applications!
I cannot give the source of information. You can always check with your batch mates and other alumni. Even if you dont get a job in Singapore after NUS or NTU MBA the cost is manageable. MBA is basically a hype, in my opinion. But sometimes it helps in your career. So i am looking for a cost effective MBA.
krishnaahk SaysI cannot give the source of information. You can always check with your batch mates and other alumni. Even if you dont get a job in Singapore after NUS or NTU MBA the cost is manageable. MBA is basically a hype, in my opinion. But sometimes it helps in your career. So i am looking for a cost effective MBA.
Best of luck for your cost effective MBA and hope you can do similar sort of research based on your definition of 'cost effectiveness' for all the options in US/Canada/Singapore! 😉
Being at IESE, I at least can claim that my information about alumni is far more descriptive and specific than being anonymous, and I love to have chosen IESE over my admits in US and work life at Singapore 😃
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.
Your estimates are completely misleading, especially the living expenses unless you live a non-student life and the guarantee of a job in singapore. Do you know that it is very tough to get a job even in Singapore since they tightened the work permits. I have a Nanyang graduate who came to India to look out for jobs. I always feel that getting a job depends on the student himself. However, most of the top 20 B-schools boast a placement rate of at least 80-85 % and most of those offers are not local. Work permit doesn't guarantee you a job. It just makes getting it a bit easier. I hope you could seriously check your 'sources' and post facts instead. This thread is for applicants of IESE and one's who got admits. Hope you could respect that information.