16 INSEAD facts every international student should know

INSEAD facts every international student should know

Georges Frederic Doriot (1899-1987), who earned the sobriquet of “Father of venture capitalism” for establishing the American Research and Development Corporation, founded INSEAD, an acronym for the French name for the “European Institute of Business Administration,” in 1957.

The “Business School for the World,” as INSEAD likes to call itself, strives to cross national boundaries and cultures to innovate and teach new ways of building organizations.
 

16 things every international student should know about INSEAD

 

1. Location

INSEAD has three campuses—one each in Fontainebleau, near Paris, France (Europe campus); Singapore (Asia campus); and Abu Dhabi, UAE (Middle-east campus).

The Europe campus is located on the edge of the Forest of Fontainebleau, near the town center. In 20 acres, it accommodates 29 lecture halls, two restaurants and a bar, a bookshop, and a gym.

Students have a variety of houses, studios, and flats to choose from, and search assistance from rental agencies is available. The Asia campus is situated in Singapore’s Knowledge Hub district, 30 minutes from Changi airport.

Apartments and houses can be rented with help from real-estate agents. The Middle East campus in Abu Dhabi does not offer onsite accommodation but the university has negotiated special rates for students in hotels nearby.
 

2. High ranking

INSEAD consistently finds a place among the world’s top five MBA programs by Financial Times, Bloomberg Businessweek, and Forbes.

The INSEAD MBA program was placed first in the FT’s 2016 ranking. The Tsinghua-INSEAD Dual Degree Executive MBA and the Single School EMBA program have received the top ranking from FT (2015).
 

3. Faculty

As can be expected, INSEAD boasts an array of distinguished professors who are also world-class researchers. They come from many countries, including India. Business case studies prepared by INSEAD professors are the second-most widely used in the world, after those authored by Harvard Business School professors. Ilian Mihov, Professor of Economics, is the Dean.
 

4. Programs

INSEAD’s master’s programs include MBA, Global Executive MBA, Executive Master in Consulting and Coaching for Change, Executive Master in Finance, and Tsinghua-INSEAD Executive MBA.

Its executive education programs include General Management, Corporate Governance, Top Management, Leadership, Strategy, Digital Transformation and Innovation, Finance, Marketing & Sales, R&D and Operations Management, and Entrepreneurship and Family Business. A PhD in Management program is also available.
 

5. Curriculum

INSEAD’s MBA (two intakes—every September and January) is an accelerated ten-month program split into five periods, each lasting eight weeks and ending with an assessment. It offers 75 electives and 13 core courses (English is the medium of instruction), with students joining one of five- or six-member study groups diverse in age, nationality, and professional background.

The MBA program ensures that there is no gap between the classroom exercises and employers’ requirements. The faculty has the freedom to use their own teaching styles and techniques including case studies, computer simulation, role play, projects, and study tours. INSEAD has forged partnerships with Wharton and Kellogg, and with the CEIBS in China.
 

6. Admission Process

INSEAD evaluates applicants to its MBA program on the criteria of ability to contribute, academic capacity, motivation, and leadership potential.

The application process has seven stages starting with the submission of online applications and supporting documents, followed by video interviews and interview/s in the candidate’s home country by INSEAD alumni, review by the admissions committee, and notification of the decision. The process usually takes up to ten weeks.
 

7. Applicant requirements

There is no minimum GPA/GMAT requirement; nor is an undergraduate degree mandatory for candidates with an excellent career record and high GMAT score. There is also no minimum work experience, though “exceptional maturity and outstanding leadership” are appreciated.

For enrolment, candidates with English as their native language need to have practical knowledge of a second language (“entry language”). Other candidates are required to submit a certificate of English proficiency. For graduation, students need to know a third language (“exit language”).
 

8. INSEAD MBA Fee in Euros and Indian Currency (Rupees) | Plus other expenses

The MBA tuition fee, to be paid in instalments, is €73,500. In Indian Rupees, the INSEAD MBA fee would be over 50 lakh rupees. This would vary depending on the prevailing exchange rate. However, this isn’t the only cost. There are other expenses that you need to factor in as well.

The living expenses may come to €23,000 on average, depending on lifestyle, both in Fontainebleau and in Singapore, including €10,000 for accommodation, €5,400 for meals, €3,500 for local transport, and €2,000 for travel for exchange and job search (optional). In Indian Rupees, that’s another INR 30+ lakhs.

The cost of doing an MBA from INSEAD Singapore in Indian rupees (INR) is comparable, except that the additional costs (rentals, food, commuting) in will be relatively lower in Asia than in Europe.
 

9. Scholarships, aid

INSEAD scholarships are the most popular, though they are limited and competition is tough. There are two criteria for scholarship decisions: (1) a student’s financial position and need, and (2) a student’s merit, nationality, gender, professional background, etc.

About one-quarter of students receive scholarships between €8,000 and €35,000. Admitted students can apply for loans from Prodigy Finance, which was started by three members of the INSEAD alumni in 2006 to ease students’ problem of funding.
 

10. Admission statistics

The Class of 2016 comprised 93 nationalities, and 30 percent were women. The average age of the Class of 2016 was 29 years, the average work experience 5.5 years, and the average GMAT 703 (range 610-800).

About one-third of the students had a business administration background and an equal number had engineering profiles. Smaller groups had economics (13 percent), sciences (9 percent), and humanities (6 percent), and law and political sciences (6 percent) backgrounds.

Students from Asia Pacific (31 percent) and Western Europe (30 percent) made up the majority of the class, with smaller groups from North America (13 percent), Eastern Europe (10 percent), Latin America (8 percent), Africa, and the Middle East (4 percent each).

Thirty-eight percent of the students were from the corporate sector, 26 percent from consulting, 23 percent from financial services, and 13 percent from technology, media, and communications. Eight percent had up to three years’ experience, 36 percent three to five years, 32 percent five to seven years, and 23 percent over seven years.
 

11. Career development

The 40-member Career Development Team on the three campuses advises students on planning their careers as soon as they start their MBA program. During the five-period program, the team organizes workshops, panel discussions, and counselling sessions.

The Career Development Program starts with a CV online course and touches topics such as career vision, LinkedIn profile review, sector briefings, interview essentials, cover letter, mock interviews, and salary negotiation.

Each student is assigned a career coach who supports and monitors career development. As many as 250 companies attended campus interviews and conducted 4,000 interviews for the December 2014 and July 2015 graduating classes.
 

12. Jobs after MBA

In 2015 (December 2014 and July 2015 graduating classes), as many as 293companies recruited INSEAD graduates, and over 90 percent of the students found jobs three months after graduating.

Eighty percent were able to change their function, sector, or country, and 27 percent managed to change all three, according to INSEAD. At least 50 percent of graduates run or own companies at some time during their careers, and launch 50 to 80 startups every year, the school website says.
 

13. Employers

Among the major recruiters are Accenture, Apple, AT Kearney, Bain, BCG, Citibank, Deutsche Bank, Google, Intel, Johnson & Johnson, L’Oréal, McKinsey, Microsoft, Morgan Stanley, Nissan, Samsung, Shell, and Wipro.

Thirty-four percent of INSEAD graduates (December 2014 and July 2015 graduating classes) went to work in Western Europe, 28 percent in Asia Pacific, 12 percent in North America, 10 percent in Africa, Near East, and Middle East. Graduates also found jobs in Southern Europe (6 percent), Central and Eastern Europe (3 percent), Northern Europe (2 percent), and Latin America (5 percent).
 

14. Salaries, ROI

US b-schools may have an edge in salaries compared with INSEAD, but the ten-month duration of the INSEAD MBA program minimizes the career break for students.

With an average salary of $105,700, graduates enjoy a five-year gain greater than alumni of other top b-schools, according to INSEAD.
 

15. Notable alumni

INSEAD boasts a network of 50,000 alumni in 170 countries. According to the INSEAD website, the school has produced more CEOs of FT500 companies than any of its European or Asian rivals.

Among the school’s famous alumni are Linsday Owen Jones (ex-L’Oréal), Henry Engelhardt (Admiral Insurance), Meera Sanyal (ex-Royal Bank of Scotland, India), Rajiv Shah (ex-USAID), William Hague (Conservative politician), and Jusuf Kalla (Indonesian Vice President).
 

16. What’s unique

INSEAD’s ten-month curriculum (which gives graduates a faster and higher ROI), its three campuses (which makes it a truly diverse institution), and its consistent performance on the ranking lists of top rating agencies make INSEAD the institution of choice for many MBA aspirants around the world.

Read these related INSEAD blogs:
INSEAD admit with scholarship for Indian applicant
INSEAD Singapore vs MBA in India, USA and France
I got into INSEAD, twice
INSEAD MBA admissions interview and GMAT experience
INSEAD MBA grad’s tips on getting management consulting jobs
 
Resources: 1, 2, 3, 4, 5


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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

8 Comments

  1. Aman Jain says:

    Hi,
    I have 2 years of experience and presently working for a startup. I completed my chemical engineering from an average engineering college.I am targeting 330 in GRE. I wish to apply for Insead. Do you think its a realistic target or too ambitious?

  2. Ruchi says:

    Hi Sameer, would you recommend this course for a person with 10 years of (IT) experience?

  3. Sameer Kamat says:

    @Aman: The experience would be too low for one-year MBA programs that move at a break-neck speed.

    Might be better to wait till you have more experience and an exposure to multiple business aspects as well, to be able to appreciate what a program such as INSEAD, or any MBA for that matter, has to offer.
     
    @Ruchi: You could, if you have a strong rationale to go there and are able to communicate it very clearly in your application.

    But considering that your experience would be double the class average, do include other one year programs in Europe that are also very good and have students with more experience than the average INSEAD student.

  4. Ramanath madiwal says:

    My name is Ramanath madiwal. l have 5 years of experience in IT industry as Senior developer in BFSI domain.
    I just wanted to enquire for executive Mba (5+exp) category for 1 year MBA.
    I want to move from technical to management role to be precise Business development manager in IT.I believe due to my exp as developer i would add more value to the manager role.

    My acadamic details below.
    10 th 89 %
    12 th 83 %
    BE in electrical and electronics from Dayananda sagar college bangalore with 76 %.
    5 years as Java developer in BFSI domain
    Extra C activity:painting and poetry.
    Currently preparing for Gmat..
    Will write GMAT once just to get experience.

    Planning for executive Mba next year.
    Can you answer my below queries.
    1:If i score 680 to 720 in gmat, which college would be most prefered?
    2:Will get into any of IIM’s or Isb ?
    What are my chances ?
    3:Any good colleges outside India example singapore etc?
    4:My budget for MBA is around 30 lacs.Will i get scholarship in india or foreign colleges.
    I am specially interested in Singapore.

    Also want to get your paid services for essay evaluation..:)

  5. JK says:

    Hi Sameer,

    I have completed my UG and PGDM from IIT and IIM, where English was the language of instruction. My transcripts are entirely in English; however no where the language of instruction is explicitly mentioned. Do I need to provide TOEFL scores for INSEAD and other EU/US based b-schools or can I just state this fact in the additional essays?

    Since such schools would have alumni who graduated from IITs, would they waive TOEFL requirement?

  6. Sameer Kamat says:

    @JK: Most of the top bschool admission teams are familiar with the IITs and IIMs. If they have mentioned about conditional waivers on their website, it shouldn’t be an issue.

    However, whenever in doubt, it always helps to reach out to them over email and get a waiver explicitly mentioned in writing. It can save a lot of heartburn later if the admission officer reviewing the application decides to play strictly by the book.

    On an unrelated note, we’re increasingly getting application consulting requests from folks like you who already have top degrees from India and aiming for a second MBA. If you need help with the essays and overall positioning, drop us an email.

  7. Amit says:

    HI Sameer,
    I am an IIT Passout and after working for around 5 years, cleared civil services and joined Indian railways (IRTS one of the IAS allied services). My earlier job was related with analytics and consulting while my current job involves logistics management where i lead a team of around 2500 people and optimise the usage of railway assets worth several hundred crores.
    I was just wondering if my profile is good for a MBA at Insead or other top 5 US B school. Being 32 year with more than 10 years of work experience, i wanted to know if it will affect my application negatively.

  8. Sameer Kamat says:

    @Amit: What you’ve shared here is a small snippet from your resume. What the admissions committee would want to know is your bigger story, specially since it’s not a very common ‘profile type’ that they’d already be familiar with.

    Do not rely solely on the big numbers (of people, budget etc). Those are important, but also a function of the industry / role one works in. The more interesting part of your application is where you share insights about what you’ve done in that role that make you special.

    On the second point about age, read my response to Ruchi. Good luck buddy!

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