For Indian MBA applicants who’ve spent a bomb on business schools – MBA applications, GMAT preparation, exorbitant tuition fees and living expenses – there’s still no guarantee that they’ll get a dream job at the end. For international candidates it’s been tough to get jobs in US and now UK seems to be making it equally tough with their new immigration laws. So what does that leave us with? Asia!
There may not be too many top-notch internationally competitive business schools (in relative brand power, compared to the US and Europe) in Asia, but the few that make the list are forces to reckon with. Take the MBA at the National University of Singapore (NUS) for instance. The Financial Times’ Global Ranking places it at the 23rd rank. But that’s not the impressive part. What’s more interesting, specially when you are an international candidate, is your probability of getting a job when you graduate (for most of us, roti, kapda & makaan have a higher priority than rankings).
NUS claims to have placed 93% of its graduating batch within 3 months of completing the MBA. Not too shabby, naa? The other parameter that they highlight on their website is the growth in post-MBA salaries. In a 3 year period, on an average their graduates increased their salaries by 140%. That means if you had a salary of (say) $10,000 before your MBA, three years after you get your photo clicked in a black graduation gown with a funny looking square hat placed precariously on your head, you’ll most probably be raking in $24,000. Add or substract a few zeroes from that equation depending on your current salary.
Good RoI for the relatively modest investment you’d make.
So what’s the catch? With the NUS brand, you won’t get the same jaw dropping reactions that brands like Harvard, Wharton, INSEAD, LBS can get you. If your long term plans are to continue working in Asia, it might be a program worth considering.
And in case, you are wondering, no we were not approached by NUS to write this post. No tie-ups or commercial incentives from any business schools. These are the MCB team’s opinions.
Any current students or applicants of NUS Singapore (or any other Asian business school) out there who’d care to share their views?
Read this interview with Alex Chua, from the NUS Singapore MBA Admissions Office. He explains what the Bschool looks for in potential candidates.