IMD Switzerland MBA (1 year): Chronicles of Hari Puttar – 1

IMD Switzerland 1 Year MBA Lausanne | Hari

Trust an IMD Switzerland MBA grad to execute a task with surgical precision. It’s no wonder then that Hari Raghavachari’s depiction of life at IMD was so exhaustive that we had to break it up into 3 parts. Who knows, by the time we complete the trilogy, we might have surpassed the official IMD website (and Yash Raj films) in providing a thorough overview of what Switzerland has to offer. For starters, here’s a generous helping of the first part. – –


This blog post for MCB focuses on my journey to and through an MBA at IMD International. Located in Lausanne, Switzerland, IMD is a Top Tier European school, with an MBA ranked in the Top 20 in nearly every global ranking of business schools. I graduated the MBA program in 2005 and am since working with a Fortune 50 Healthcare Company based in their European Operations HQ just south of Zurich.

Over the next 3 posts – I will take you through:
Part 1 – Why IMD : The process by which I chose to apply to and attend IMD (if I was admitted)
Part 2 – IMD MBA experience : My experiences in the program itself
Part 3 – IMD Jobs & Careers : My search for a career and where it has led me today

Please note the views expressed here on IMD and some other schools are my own.

PART 1

IMD – The Choice to apply!

“~1200 characters”, this was a joke, right? They wanted me to condense painstakingly crafted stories of my professional life, leadership experiences, rationale for MBA, career goals etc into “vishesh tippnies”! The polar opposites of Stanford’s first essay!

In addition, the recent IMD graduate that I was talking to told me some intriguing things – the MBAs were called participants, not much (if at all) sleep in the first 6 months of the program, working with fortune 100’s and start-ups on consulting projects, meeting CEOs alongside scruffily dressed green-peace activists, and traveling to Bosnia on discovery expeditions. All this alongside the standard ingredients of any MBA, the academics, professionally experienced and phenomenally intelligent faculty, interviews and job searches etc. The various rankings from Wall Street, Financial Times, BusinessWeek, Forbes etc (this was 2003) rated IMD as a Top 5 European and a Top 10-20 global school.

What was this little school located in Lausanne, Switzerland all about? It was time to research and analyze the insights using my decision criteria sheet.

Criterion IMD’s level of fulfillment
Recognition (some say brand)

Target – Good!

–   Excellent in industry (functional & general management); not the greatest amongst banks & consulting firms, though a healthy 15-20% of the class of 90 went to banks and consulting firms;

–   Fairly global reach; well spread alumni; not great in the US

–   Comparable to INSEAD and LBS (though they send more into banks & consulting; half-a-notch higher than IESE, Oxford, Cambridge, Cranfield etc

–   Evoked sufficient oohs… and aahs… amongst the colleagues I could trust when talking about my plans going forward

Verdict – Good! No issue with recognition considering my career path was in industry (operations, SCM, product or service delivery); the US wasn’t my primary geographical choice.

All-round academic, social & cultural experience

Target – All round academic & practical curricular experience.

–   Well known faculty in their fields; doctorates from top universities; earned spurs consulting to and researching industry, training executives and teaching on the MBA; rated on feedback from participants and their client companies! No tenure like in the US Schools, they could get fired if they didn’t perform! At least 1-2 are asked to leave every 2 years. Faculty accountable for their programs!

–   Case-based learning. While several are standard HBS cases, many are based on faculty experience, with occasionally the key actors in the case asked to join / speak in class (nice!)

–   Class of 90 (all in one section), compared to 900 in INSEAD, 300+ in LBS and averaging 150+ in all other schools.

–   2 different opportunities during the year to work with companies on consulting projects addressing real challenges. One with a start-up and one with a large company (the ICP); which follows a proprietary IMD process from Industry, Company, Issue à Analysis & outcomes. (practical!).

–   Core courses and start-up in the 1st half of the year, which culminates with the discovery expedition to Bosnia-Herzegovina. The 2nd half commenced with the Stakeholder module which exposed us to real issues of PR, sustainability, CSR, negotiation etc. All practical, real cases, real people, and of course Greenpeace J.

–   Dedicated recruiting periods, including for on-campus recruiting.

–   A reasonably active social life despite the work-load of the 1st half; but yes, the 1st half did & would strain personal relationships (I was married when applying for the program).

Verdict – Top of the pops! Compared to several other programs, this was a lot to pack into 11 months. While always the concern around how much one could learn, there seemed to be enough meat in the program for me to sink my teeth into. The lack of internship (addressed later in this post) was more than made up for by the consulting projects.

Access to job market, Career Services

Targets –

*EU / Switzerland

*Supply Chain, Business Development, Operations

*Industrial, Manufacturing, Core Services companies

This aspect was judged not only by the strength of roles that graduates got and alumni held; but also by the strength of the career services of the school. The Career office appeared to have the credibility to attract not only the best companies to school to present and conduct 1st round interviews.

However, it also had the added capability and resources to train, coach, counsel and mentor participants for an effective off-campus search. The counseling was 1:1, which meant that I would have access to an experienced counselor no lessthan 10-12 times (each session of an hour) over 6 months to guide me through the job search. This strength was particularly visible when 90% of the class secured jobs 3 months out in 2002 & 2003, and over a third of the class found jobs off-campus through networks or alumni contact.

IMD’s key job market is the EU (more than 2-3rd of the class goes to West & Central Europe including Switzerland). With graduates averaging 7+ years before an MBA and age at graduation averaging 31-32, only a small % of the class tended to veer towards consulting & banking (the MBA entry / associate levels). Most targeted 1st level Functional (marketing, sales, operations, product development) or Corporate (like Business Development) Manager roles in industrial & services companies; normally not part of a talent pipeline / MBA rotation program. As a result, not always advertized therefore MBAs had to network off-campus to get into some of these roles. The average salary at graduation was competitive with the best schools in the world.

What I also heard was that the school enforced recruiting ethics, etiquette and discipline strongly with the participants, but also with the companies that recruited on & off-campus. They seemed to have the credibility and the strength to do so.

There was no internship, which was a concern, but the ICP was a real enough experience.

Verdict – Benchmark! The true capability of a school to help place its graduates is visible mostly in an unfavorable job market. All anecdotal & visible evidence suggested that IMD had performed much better in this area than its comparable peers (INSEAD and LBS included). 90% of the classes of 2002 & 2003 had accepted jobs 3 months out of graduation – not bad for a class that’s only ~50% European, >90% non-Swiss.

While I had the usual concerns around placement (and yes, I thought like an Indian J), my contacts assured me that if I had the applicable & transferable skills and was able to convince an employer to hire me, then they would do so; and they would help me with the necessary work & residence permits.

Alumni Network

Target – reasonably large, globally spread, mid / senior levels for the ones who graduated 2000 or earlier.

3000 MBA Alums (<1,000 MBAs since IMD in its current avatar came to being in 1990) doesn’t inspire much confidence, particularly since INSEAD & LBS each boasted over >10,000 MBA alums alone. While the contact with the recent graduate proved a telling example of the level of assistance Alumni were willing to provide, it was hard not to feel slightly apprehensive. IF I had only a 3000 MBA alumni, how many were in the kind of roles, industries and geographies that I was targeting?

However, contact with other alumni who got through networking and off-campus searches provided me with reasonable assurance around this.

Verdict – Ok, but could be better! It wasn’t large, but the other criteria were achieved.

IMD Switzerland MBA Class profile, admissions, classmates

Target – difficult to measure, but I wanted to study with smart, successful and motivated people

Average age 31-32, average GMAT 670-680 year on year, 7+ years of experience. Barring I would be just short of 30 on entry, I just about fit with the other statistics. I was however impressed with the jobs people held before coming to IMD, and the jobs people held after; which told me that I wouldn’t have to worry about the quality of my classmates. My target was to study with 89 people, each smarter, more successful than me.

Verdict – No concerns! The profile of the then current 2004 class further alleviated any questions I might have had at the time.

Cost

Target – ~50% coverable by personal savings & funds, and ~50% with various forms of financial aid

The IMD Switzerland MBA cost about CHF 75,000 ($60,000 at the time) which covered:

–    Tuition, books and learning materials + access to the various systems & platforms used by the participants

–    The Bosnia Herzegovina discovery expedition (undertaken every year) including travel, accommodation, visas and logistics

–    Lunch at the superb IMD canteen 5 days per week, coffee and refreshments when we wanted them

–    All the other necessary support from the school, including helping with the search for accommodation, visas and residence permits and access to a small fitness center

–    Overall – my budget was about CHF 120,000 ($90,000) at the time, which was way more value for money than the comparable cost of attendance at LBS or INSEAD (LBS exceed CHF 150,000 in overall cost of attendance; while INSEAD was at CHF 130-140,000)

The school offered scholarships (varying from CHF 10-30,000) and guaranteed financial aid up to CHF 60,000 (~50% of the overall cost of attendance) through a bank-loan sponsored by the school (IMD Switzerland MBA would collateralize the loan). The HSBC loan for LBS was by no means guaranteed, and the visibly poor performance of the 2003 class (<65% with jobs 3 months since graduation) wasn’t going to make the HSBC loan any easier to get. The cost of living in London was enormous even with the possibility of my wife finding a job; while INSEAD’s bank loan scheme with ABN-Amro had actually been terminated in 2004 (driven largely by the weak job market in 2002-2003 and job market challenges for non-EU graduates).

From an accessibility & value for money perspective, IMD Switzerland scored higher than its peer schools. I did however focus on this variable only after researching all other aspects of the school. Money aside IMD had to be as good or better than INSEAD or LBS on all parameters.

Verdict – On target if I could only get there J!

My personal preferences & circumstances

Being married at the time placed constraints on the length of time that I was willing to spend out of a job. Given also my career goal to be in operations, supply chain management and service delivery (a large part of which was my pre-MBA career) the lack of an internship didn’t concern me too much given the other possibilities for industry interaction.

My chosen MBA would therefore be a year long. At this stage LBS was out, and it was IMD Switzerland and INSEAD.

While LBS is a superb business school, it wasn’t better than IMD for my personal goals and it didn’t fit my personal circumstances. INSEAD was too big as a class for me, and I doubted the ability of the school to provide me with a bit of personal attention to train me for the career I sought post the MBA.

IMD’s location (Western Switzerland, by the shores of Lake Geneva in Lausanne) didn’t play much part in the decision, but the bonus of studying there would be the opportunity to study in the most beautiful country on the planet. It helped that DDLJ had been shot there, so the wife was certainly very happy about my decision to try. It would be a challenge for my wife to get a job to keep her occupied in a French speaking environment (we spoke no French), but we would overall be quite happy.

As a result, IMD Switzerland MBA would be my first choice to apply and attend if got in. The outcome of this process was that I would apply to IMD’s program in an early round. If was dinged, then I would apply to INSEAD in a 3rd round (both schools have 4-5 rounds for their respective calendar year programs).


Read the new two parts in the IMD MBA series:
Part 2 – IMD MBA experience : My experiences in the program itself
Part 3 – IMD Jobs & Careers : My search for a career and where it has led me today

Btw, a little teaser for all the ‘Puys’ (short for Pagalguys) out there. Hari manages a very popular thread on the Pagalguy discussion forums (and it’s not about the IMD Switzerland MBA). Can you guess his pseudonym?
If you have queries for Hari PLEASE POST YOUR QUERIES ON THE DISCUSSION THREAD –> IMD Switzerland MBA forum.


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Sameer Kamat //
Sameer Kamat
Founder of MBA Crystal Ball. Author of Beyond The MBA Hype & Business Doctors. Here's more about me. Connect with me on Google+ | Twitter | Facebook | Linkedin

34 Comments

  1. Onil Gandhi says:

    Very interesting. Eagerly waiting for the next part.

  2. Jeffrey says:

    Hi Hari,
    Great post. Also hats off to the wonderful work you have been doing on pagalguy.com. It has been a pleasure to read your posts over the past few years.
    Jeffrey
    – EPGP-3 , IIM-B

  3. Salman says:

    good post..waiting for next one..:)
    I am in dilemma for comparing two to one year mbas..I found that Columbia J-term can be very competitive because it is solution between 2y and 1 y, they start in Jan, and finish in may following year..on other hand, Insead J term offer some thing unique, 1Y, 2month Internship, Study in three continents, Europe, Asia, and America (wharton or kellogg)..IMD very strong in industry and consulting too, last year their placement in consulting is great, Mckinsey and BCG..
    Good luck..

  4. SAfira says:

    There is something that surprises me most of this one year MBA programs, why they don’t include information technology course as core?
    nowadays knowing about IT in the business world is one of the most critical assets and these B-schools mainly focus in marketing, accounting and so on!!!
    especially because the most innovative companies are IT companies (google, apple , amazon, etc.) do they recruit someone that doesn’t understand about iT world? strange…
    and what about innovation, how can IMD consider innovation just as product development???innovation is much more than just product innovation!

  5. morya says:

    Hi
    How does IMD compare v/s HEC Paris.
    FT consistently ranks HEC Paris as the No.1 in Eu.
    Appreciate some insights and advice.
    Thanks in advance

  6. Hari says:

    Different schools, different programs (IMD’s shorter, HEC has an internship / exchange options in a 16 month program) and a different demographic (older more experienced people in IMD). Decide what you want to do in your career, then make the decision. HEC’s the best French MBA (apart from INSEAD).

    I attended the MBA Tournament in HEC back in 2005, and had the opportunity to speak with & meet with several of their MBA students, including a couple of Indians. I got the feeling that Career Services in HEC were not much to speak of. This is NOT necessarily in around the number of companies coming to Campus to present & interview, but the restrictions placed on most of the non-EU MBAs in HEC; chiefly, many were struggling on the business fluent French requirement in most jobs. Most of them felt excluded from the on-campus facilitated opportunities, and were not getting any sort of training to conduct an effective off-campus search, something you won’t lack at IMD. The advantage of HEC is that you will have a very strong Alumni network in nearly all of the 14-15 French HQ’d global companies – BNP, Credit Agri, Soc Gen, Areva, Alstom, Total, France-Tel / Orange, LVMH, PPR, L’Oreal, Thomsun, Schneider Electric, Lafarge, Pernod Ricard, CapGemeni/Sogeti, Carrefour, Dassault, Altran….

    IMD’s reach is more global, and most of the MBAs will likely not suffer for language issues because – they’ve worked internationally before, they’re more experienced & senior than MBAs from most other schools, and have what I and many others consider the world’s best career services office. You get a lot of personalized attention and training to conduct the most effective job search. IMD’s MBAs hit 90%+ having been placed (accepted job offers) every year…. good & bad… I doubt any other school comes close.

    Disadvantage of IMD, is that banking recruitment is almost non-existent. Only Fidelity Investments recruits for Equity Research every year, otherwise, nearly all those who have gotten into banking have had to conduct their own job-search, of course well-trained by IMD. Consulting is slightly better, with McK, BCG and Bain presenting & 1st round interviewing on the IMD campus. HEC will get recruiters from pretty much all of French (& some International) industry & consulting.

    HEC is obviously located in a much larger metropolitan / urban area – Paris. IMD’s closest really urban center is Geneva, obviously a much smaller place and fewer professional opportunities; a small class evens this disadvantage out, as IMD’s grads go pretty much all over Europe (>66% of class) & globally to some extent.

    Academically, there shouldn’t be much to separate the schools / programs. Though you can take the internship option at HEC, while there’s none at IMD. IMD’s advantage is that you have a school facilitated Consulting Project with real client companies, which becomes a sort of proving ground for a few people to get their jobs (6-9 people in each MBA class gets jobs with their Consulting Project client).

    The strength of the Swiss Franc means costs of attendance at either school would be similar, though HEC is a slightly longer program.

    Hope that helps.
    All the best
    Hari

  7. Arun says:

    I have an overall experience of about 10 years and working for Microsoft in India. I wonder if its still worth trying for a MBA in IMD especailly by quitting my current job for a year and a high fee struture. Any thoughts?

  8. Hari says:

    @Arun,

    Like with all key strategic decisions in your life, it depends! It depends most importantly on three things:

    Function – what you’d like to do after an MBA; with 10 years?
    Industry – what industry / type of company you’d like to do this in?
    Geography – where?

    therefore what choice of education (if needed) and which institution (that offers the best for your career going forward)…. I wouldn’t like to blindly advise whether IMD will meet all your requirements without you being a little more specific with your goals (answers to the questions above).

    The strength of the Swiss Franc makes it expensive to attend IMD, but about 75% of the tuition feeds (or about 50% of the cost of attendance) is coverable through a loan from a Swiss local bank that IMD will collateralize. About 20% of the class will also get one of the scholarships on offer (varying between CHF 15-30000, which is significant)…. So please worry a little less about cost, and let’s discuss whether IMD’s the best place for you given careers you need to tell me about.

    All the best
    Hari

  9. Sameer Kamat says:

    We are continuing the interactions with Hari on our discussion forum.

    PLEASE POST YOUR QUERIES ON THE DISCUSSION THREAD –> IMD Switzerland MBA forum.

  10. Mritunjay Kumar says:

    Hi Hari

    Very nice blog.
    I am very keen on getting an MBA next year. I work in oil and gas, 34 years of age, 9 years experience and married with one kid (9 months). I am pretty set on getting an MBA but what I am not sure is about full-time or part-time? My friends who have done their MBA in the past suggest that an IMD full-time MBA is worth the risk but I wonder if I am too old for this program. Any help will be highly appreciated.

    Regards
    Kumar

  11. .... says:

    Hi Kumar

    No, you are not old for the program. Limit age is about 37-38.

  12. Nagesh says:

    Hi,

    I have 6 years of IT exp, i am thinking to attempt GMAT, how many marks minimum i need to get to join in B-schools.
    i dont have any idea on this, can you please sugegst me, how to prepare? how much time it will take to prepare well…

  13. Ojas says:

    Hi, I currently on the verge of completing my graduate course(B.Com) from Delhi University,India.I am looking to do MBA from a reputed university abroad.I would like to know what are the values of MBA from IMD University in India as i would finally like to be settled here(India).And what are the requirements for admission and the fees per term.Also what documents i would need before finally coming there to apply.

    I also would like to know about the job opportunities in Switzerland with my qualification. As i would like to work there to take care of my expenses.And how beneficial is knowing French or any other foreign language there.Thanks.

  14. Sameer Kamat says:

    Ojas,

    IMD gets applications from professionals who have a significant amount of experience. The average age of the class is over 30 years.

    It would not be the right program for you at this stage. In fact, I don’t think you should apply to any GMAT based program, before you get at least 3 years experience.

    Read this post -> Work experience: Why is it important for international MBA applications?

  15. Dr.Krishna says:

    I have 10 years experience post MBBS and want to do an international MBA with Elective in Health /Hospital management.

    Please suggest me the top Health care MBA programme to get in to in EUROPE/US.Suggest why A US/European school fetches over the other?

  16. Sameer Kamat says:

    Dr. Krishna, you don’t need to limit yourself to programs with a healthcare focus. Most of the top programs will give you the general skills needed for the non-technical aspects – marketing, finance, strategy, organizational behaviour et al. You can customise it for your industry on your own, rather than getting bschools to do it.

    That way you’d have a wider range of options to choose from, which considering the age/work-ex is a bigger constraint for you at this stage.

  17. Rohit says:

    Thanks for the very informative post !
    I have 7 years work ex in telecommunications mostly in service delivery. I have some international exposure as well, both in terms of working with global customers from India and projects in foreign countries (almost 15) mostly in europe, south america and far east. Although I am well settled in my present organisation but I think its time for the next jump in my career. I have done extensive research on B schools to find the right one for me and have managed to short list a few like IMD , INSEAD, IE, IESE, Mannheim, Chicago Booth out of which I am most intrigued by IMD. The only problem is my low GMAT score – 620 mostly because I get no time to prepare due to my heavy work schedule and travelling. My questions are
    1. What do you think about my chances about getting admitted to IMD ?
    2. Since I need to shell out approx. 50 L INR to study in IMD, do you think the jobs offered to graduates would nullify the debt in 3 to 4 years ?

  18. Vishal Dhawan says:

    Hi Hari,
    I must say this page has been one of the most informative ones I have come across.
    I have recently started apllying for MBA in EU wanted to weigh my chances at IMD.
    Work Ex : 7 years and continuing at Mercedes Benz India & Daimler AG (combined) with 3 years in Supply chain management and 4 years in Finance and controlling.Worked in various countries including Germany for 1 year.Co-founder of two start ups and both working since last 3.5 years,GMAT score – 650,German level – Intermediate (B1 Goethe institute).Recently got an admit to RSM.

  19. vivek ramchandani says:

    I am intrested in MBA in marketing Part-time with attending 2 or 3 semester.. with best university in Uk, Singapore or dubai-uae..

  20. Sameer Kamat says:

    @Rohit: IMD has a very small class compared to the biggies. So the quality of folks getting in is very high. That shows in the kind of placements (designations and salaries) IMD graduates get.

    @Vishal: Congrats on the RSM admit. We recently interviewed the Admissions Director of RSM MBA.

    @Vivek: Not sure if there’s a question embedded within that statement.

  21. tajinder says:

    what are the merits and demerits of doing MBA in switzerland??

  22. Faisal says:

    Thank you very much for this informative page. I am from Oman, and 34 Years old. My question is about to compare INSEAD vs IMD OR The american one year MBAs such as: Cornell one year MBA (AMBA), Kellogg 1Y, and Emory One year! I already lived and studied in europe, so, I feel that doing an MBA in the US will be great opportunity to live in US since I wasn’t there before. My career is pretty clear, I work in oil and Gas and will be fully sponsored by the state-own oil company. the main creiteria for m is the quality of the program, family friendly atmosphere (I am married with 2 kids). I’d love to have your thought on my situation. (admitted to INSEAD, applying to IMD, Admitted to Cornell AMBA, admitted to Emory, waitlisted in Kellogg). Thank in advance for your advice.

  23. Sameer Kamat says:

    @Tajinder: Sirji, thoda specific query daaliye na. Aise open-ended queries se hum baukhla jaate hain.

    @Faisal: In terms of quality, for your profile, IMD would be a fantastic option. But if your primary goal is to work in the US, and your company can’t put you there after the MBA, then you’d be better off going directly to the US (Cornell AMBA) rather than spending time in Europe. I’d give a higher priority to the geography that you want to work in.

  24. Faisal says:

    Sameer, Thank you very much for your feedback. I am not planning to work in the US, but I’d like to live there for a year or so, just for life experience. So, is this desire enough to go for Cornell AMBA over IMD for example? I heard many people talking that IMD offers one year MBA that is the flagship degree of the school unlike Cornell where the flagship is the two year MBA. I somewhat feel that I’d be good fit in IMD, but again, as I was not in US before, then I see doing an MBA as good opportunity to experience the life there. My career goals is to back to my company in Oman.

  25. Gaurav Jauhri says:

    Dear Hari,
    Thanks for the Awesome post, your motivation truly reflects in your pursue of your MBA :)
    I just turned 29 last week, I am a BTech in ECE from an ordinary university in India with a masters from the best university of Italy in Pisa in IT with 100’% scholarship. Worked in India for a year, worked in Italy in BI for a year, then in Insurance/Finance for almost 3 years in Italy and then moved to Munich,Germany 2 years back working for a big bank. I am a Sr. IT Consultant working in Risk Management. I speak fluent Hindi, English, Italian and basic German. I was a great sportsman with state levels in 3 sports. Now i feel that I am not able to grow in my career, I totally believe that only opportunities could give you a chance to excel and hence thinking of a MBA. I have not started preparing yet and have been going through posts….I see that IMD really takes out in you a leader if you have this capability, would you like to comment on this? Also, what do you think about my profile? Is my profile a good match for IMD? I am sure you already know the profiles of people that attend MBA at IMD, could you please shed some light on this? Now I want to have a chance where I can move away from IT into a more strategic position where I can use the analytical skills that i possess and apply with the new skills an MBA will teach to out perform in the market. Do you think MBA would give me this opportunity. I am a person with no problems in terms of geography, industry, I just want an opportunity that I would love and i understand that IMD gives serious mentor ship on an individual level, do you think IMD will definitely guide me and help me explore my true potentials? I would be pleased and thankful, if you could help me give a real insight on the above queires.

    Kind Regards,
    Gaurav

  26. Sameer Kamat says:

    @Faisal: If your post MBA career is already sorted out and your current employer will take you back despite the additional 1 year break in the US, then sure, IMD would be a great choice.

    @Gaurav: It’s a pretty old post and Hari probably isn’t going to respond to this. But if I could respond, I’d caution you against depending on any educational institution to ‘take out the leader in you’. There’s no such mechanism or secret process that they have. They just recruit folks who are already leaders.

  27. Ashish says:

    Hi Sameer,

    Great post and a great effort in keeping up with all the queries being posted here.

    I started as a programmer in a financial technology start-up, moved to product management and ended up managing the the India operations. I helped grow the company from 20 people to 60 people in the last 3 years. Graduated from IIT in 2005.

    I love the whole concept of IMD – small batch size, ICP, team work and personal mentoring. That is what I am looking for in my MBA. However I eventually want to work in a technology focussed company so that I can leverage my past 9 years of experience. How good is the Tech hiring at IMD? If not pure tech, what other kind of roles can I find?

    Thanks
    Ashish.

  28. Sameer Kamat says:

    Ashish: Considering the small class size and Switzerland not exactly being the Silicon Valley of Europe, you’d be better of relying on your own networking skills and contacts to land yourself a job.

  29. Keval says:

    Hi Sameer,
    I have done Mechanical Engineering and then after three years of work experience in R&D department did my MBA from Nirma University. Post MBA I have a work experience of 3 years as product manager in the manufacturing sector. Now I am planning to do my MBA from IMD due to reasons such as more opportunities in industry segment, one year MBA etc. But one concern I have is the language.
    Considering the fact that majority of the IMD placements are in Europe how difficult it is for someone to get the job who do not have work permit for Europe and who do not speak any European language?

    Regards,
    Keval

  30. Sameer Kamat says:

    @Keval. Most international students at IMD (and others purusing an MBA in Europe) are in the same situation. The two issues – work permit and language – continue to be the biggest challenges. No two ways about it.

  31. tom says:

    I was offered a spot at both HEC and IMD. What should I do? I have an international banking background.

    • Hari says:

      @Tom, congratulations….. have you made a decision? If not, what’s your profile and career goal post HEC/IMD? Would help to know that.
      If you have decided, all the best. Cheers. Hari

  32. Mohit Virmani says:

    Hi Sameer,

    In your block you have written that you should target – ~50% coverable by personal savings & funds, and ~50% with various forms of financial aid.

    I don’t have any such personal.So do IMD offers 100% loan and scholarship.Can you please explain a bit about this.Thanks in advance

  33. SM says:

    Hi Sameer,

    Thanks for all the info you provided already. I am 34 years old with 10 years of experience in Banking (Trading). I already have an MBA from IIM Calcutta and now wish to give a global boost to my career. My GMAT score is 670, I am considering IMD, Cornell (1yr MBA), MSx at Stanford, MIT Sloan’s Fellows Program and Kellogg (1yr MBA). Do you think its worth applying to these colleges given my profile and GMAT score?

    Also I have some concerns about studying anywhere in the EU, since the work permit etc have become very tricky I heard. I surely do not wish to come back to India and work after making this investment.

    Thanks and regards
    SM

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