Indian @ IMD MBA 2009 taking questions

Hey SJ

When will the results be out? I am very anxious!

They should be out within 2 weeks of the interview. You may call the admissions committee after than if you dont hear from them.

Shibu James Says
They should be out within 2 weeks of the interview. You may call the admissions committee after than if you dont hear from them.


Namasakaram SJ!

Well, ill brief u on my prof:
27/ 710 gmat 48Q 38V 5.5 AWA/ Top 10 in acads thruout/ decent to good EC (lead sponsorship in collegiate events,street theatre for environmental awareness,Karate Black Belt,consistent participation in ECs in school n college) / 4 yrs work ex in procurement,SCM, Imports with GE, Asahi Glass and Pepsi. No intl work ex but handled intl vendors for a yr.

Im submitting for R3 deadline of IMD.Im honestly feeling jittery abt my chances of applications as IMD doesnt take more than 4-5 Indians a yr n there a lot of guys out there with much better scores n profile than me...seen them on these posts too :)

I wud appreciate ur feedback on hw to sell myself to IMD adcom... any partic. angles? Im talkin of career interest in M&A;/Entrepreneurship and am hinting of future interest in being an angel for VCs. Is that good?

Pls HELP!

Regards,
Viv.
Btw, also submitted HEC and INSEAD R2 n biting nails waiting!
Hi Nitin,

First I will attempt to answer your specific queries.

- Yes it is absolute must to attend the interview in person. The cost would be in the region of 60k - 70k depending on your choices.
- There are banks that provide Education loans, Most offer 7.5 lacs, it is very difficult to get one without collateral though. IMD offers CHF 65k loan to deserving students. The total expense incl living expenses and transit costs would come to about CHF 120k for controlled living.
- The institute has a 2 month International Consulting Project that the students participate in. These projects are sourced by the institute and are paid for by the clients. This is as good as any profession big 4 consulting experience. This is in the 2nd half of the year post the 2 building blocks.

Now to answer your q's on IMD vis a vis LBS or INSEAD, without sounding cliched .. all of us are different. Recruiters look for different things at these schools. Coming to consultants - they do significant rectmt at IMD. However they are constrained by the student interest. No consulting firm would take you above the consultant position as partner roles are staffed from within. This does mean that IMD grads join along with INSEAD and LBS guys at same roles. However the firms recognize the increased work experience and knowledge they bring and see it demonstrated in actual. IMD grads move ahead fast. Why would a firm not promote talent - they definitely do not want to lose it.

Regards
SJ.


Hi SJ,
the projected 120K CHK is a mind boggling 55Lacs which somehow chokes down my middle class neck i mean, what wud b d avr payback we can expect.
moreover, u mentioned a 65k CHK IMD loan. wud u mind sharing with us how u went abt sponsoring ur education as well, it does bother me cos my worst fear wud b to make it to a great b school like IMD or INSEAD n lose out cos im not able to finance myself....

viv.

Hi Vivek.

I have a CHF 50k loan from the institute. Rest of the money I have had to manage myself.

Regards
SJ.

Namasakaram SJ!

Well, ill brief u on my prof:
27/ 710 gmat 48Q 38V 5.5 AWA/ Top 10 in acads thruout/ decent to good EC (lead sponsorship in collegiate events,street theatre for environmental awareness,Karate Black Belt,consistent participation in ECs in school n college) / 4 yrs work ex in procurement,SCM, Imports with GE, Asahi Glass and Pepsi. No intl work ex but handled intl vendors for a yr.

Im submitting for R3 deadline of IMD.Im honestly feeling jittery abt my chances of applications as IMD doesnt take more than 4-5 Indians a yr n there a lot of guys out there with much better scores n profile than me...seen them on these posts too :)

I wud appreciate ur feedback on hw to sell myself to IMD adcom... any partic. angles? Im talkin of career interest in M&A;/Entrepreneurship and am hinting of future interest in being an angel for VCs. Is that good?

Pls HELP!

Regards,
Viv.
Btw, also submitted HEC and INSEAD R2 n biting nails waiting!



Hi Shibu! waiting for ur reply on above.....

Hi Shibu,

We seem to have similar background. I have been sales in consumer goods too. May I ask your career aspiration after IMD? I am thinking about applying to IMD and having curiosity what kind of industry or job I am able to land given I don't want to start in entry level in new industry considering my age.

Thanks!

Hi FMCG

I have diverse interest and I am keeping my options open. The advantage of being in a good school is that your options are not limited. Most of the IMD students are middle - senior level executives who go back to middle - senior mgmt roles.

Hope this answers your queries!

Regards
SJ.

Hi Shibu,

Just few more queries -

1. Discovery expedition - does this happen with every batch or is it optional...what kind of learning is involved and is it a good substitute of internship or does this give just some kind of flavour of some emerging economy ?
2. I have read some course in behaviour psychology being offered at IMD..is that available for MBA aspirants as well, is it good ?
3. I have read several people describing IMD as 'rigrous' what does that actually imply, becasue as far as I know ppl from ISB/ IIM/ Insead ends up studying/ working 18 hrs a day !
4. Is 120k CHF a fair estimate (with spouse) or it can be optimized ? Does the loan from institute requires any collateral and can one take loan from institute and loan from Indian bank ( too much of loan but no options, such that total loan liability is arnd 35 Lakhs (INR)) or is this too much of risk/ debt to begin a carrer after MBA?

Thanks & Best Rgds
Nitin

Dont know whether I have replied to you - NOTHING

Placements world wide is bad. The best thing is that when the going is tough it is the bottom rung schools that are the most affected. The better the school is the less impact it has. Companies still recruit, but in lesser numbers. So given a choice they would go to the good schools and cut down on rectmt from the lower rung schools. IMD in this manner has been lucky.

Regards
SJ.

Hi Nitin,

The discovery trip is mandatory and the costs are included in the fees. This trip happens at the end of the Building Block 2. This is when you have finished all your mandatory courses. This trip is for ten days and gives you an opportunity to study the business ecosystem in a geography. We are going to South Africa this year. We will be working for the ten days intensely with local companies and addressing solutions to their current needs.

The leadership stream has an option of choosing a personal development coach. You get 20 sessions of 1 hr with the coach in which you can discuss whatever you want. The coaches are trained psychoanalysts from the Jung institute. More than half of the class takes up this option. I have found it quite useful.

The course is very intense. I am not qualified to comment on ISB or IIMA, however be ready to put in 15 - 16 hrs of very intense learning in a day. You get pushed beyond your limits from everyone incl professors and your peers. It does leave you exhausted.

INR 40 - 50 lacs would be appropriate. However getting the money is easier than getting into IMD. Money can be managed. The payout can be had in 2/3 years.

All the best.
Regards
SJ.

hi Shibu,
Thanks for volunteering to answer the queries posted by people interested in IMD. I do not have a very good academic record, but i have 9yrs of experience including 5yrs of experience in Indian Army, currently serving in NSG. I am taking my GMAT exam in aug end. What do you think are my chances. When should i apply for IMD.

regards

Hi

It would be very difficult for me to comment on your chances with the data available.

What IMD looks for is

diverse experience - your Indian army background is excellent. Your post and your experience in the role will matter a lot. How you leverage and communicate the experience will be very important.

strong GMAT - I would suggest that you focus on your GMAT and ensure a good (720 around) score. This will help offset your average academic performance that you mention.

academic performance - Is important to evaluate that whether the candidate will be able to cope with the pressures at IMD. You need to convince them that your academic performance till date is not a true reflection of your capability and motivation.

Regards
SJ.

hi Shibu,
Thanks for volunteering to answer the queries posted by people interested in IMD. I do not have a very good academic record, but i have 9yrs of experience including 5yrs of experience in Indian Army, currently serving in NSG. I am taking my GMAT exam in aug end. What do you think are my chances. When should i apply for IMD.

regards

Dear Audience,

This is to request you to post your queries and messages on the forum instead of using PM. As most audience have similar questions, your questions would be of great help for subsequent audiences.

Regards
SJ.

Hi shibu

cud u elaborate a lil more on the college, basic info on MBA programs ... avg GMAT score and mim work ex.. i am new to IMD and have no info

Hi Jaymz

You may get all your information from IMD is a Leading Global Business School, based in Switzerland. IMD offers: Open Programs, Company Custom Programs, MBA, EMBA, World Competitiveness Yearbook.
If you need any specific information, I would be glad to help.

Regards
SJ.

Hey guys

Has anyone received interview invite for June 1 deadline? When will be your interview?

Regards

LK

Hi Shibu,

thanks for the opportunity to ask question while you're coming through the program!
As I'm polishing the application for the Aug deadline, I'd be highly interested in your opinion regarding one of the essays - alternatives. How appropriate do you think to indicate application to other schools (IMD anyway my 1st priority)? Do you think that the admittance to one of those (Oxford), as an alternative, could work as an advantage or as an unneccesary complication?

Many thanks in advance,
Best regards,
Valery

Hi SJ
Great initiative !!! would appreciate if you took out sometime to evaluate my profile ........
I am 27 yrs old (on the verge of turning 2, should have 5 yrs of work ex by the time I apply, which would be for the class the starts in 2011.....

My entire work ex has been in the field of agri commodities and out of a total of 5 yrs of work ex, 3 yrs were spent overseas handling a PnL the entire time (in africa)....

Have good acads and decent extra co.....

Now the bummer, my GMAT score if only 660 ......

Currently, I am with one of the largest business coglomerates in India handling a PnL of 270 Crs.....

Cheers

Addie....

Hi Valery,

I would believe it would be ok to suggest other colleges in your option. Mentioning admittance to another college will not harm your chance.

Regards
SJ.