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Re: Jobs and Career Related Advice
Post by 2013100 » August 19th, 2012, 2:22 pm
I am faced with a typical problem . It is not mba realted but abroad related.I am a masters in science (my acads at postgrad is not very good ) .I am working in the banking and finance industry for 2 years and currently i am in a public sector bank as Asit Manger with decent salary.
now the issue is that due to personal reasons i may have to shift to Us in a short time. Can i get suitable banking /finance jobs there if i add some international certifications in my profile?I have heard that situation there is grim and people from india with very good profile only get jobs there.pls give me some tips.
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Re: Jobs and Career Related Advice
Post by mbadropout » August 23rd, 2012, 11:17 pm
I doubt that you will be able to land yourself a job easily with a (few) international certification(s). A surer way to a job might be to first pursue a masters level program (I am thinking Master of Finance - typically 1 year long, lower cost / debt, a little easier to get into than MBA programs, and suitable for banking / finance jobs) from the US. Take a look at this page: http://rankings.ft.com/businessschoolra ... ience-2012 for the latest ranking of such programs from FT. With an advanced degree from the US under your belt, you will have a much better shot at landing a decent job post graduation.
-Amit.
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Re: Jobs and Career Related Advice
Post by mbadropout » August 25th, 2012, 10:35 am
The extent to which a good score in a standardized test is able to make up for a low GPA would depend on these factors:
1) The time you've spent in the corporate world, and your career trajectory during that time - For someone with 10 years of work experience, GPA wouldn't be as important.
2) The school you are applying to - Some schools attach more weight to GPA than others. That's just the way they are, though even such schools make exceptions.
3) The program you are applying to - GPA is given more weight by Science/Tech programs (MS, PhD in sciences and engineering) than many others (for example, MBA programs consider a great many factors, GPA being just one of them).
4) Strength of your entire application packet - This would include GRE/GMAT scores, essays, etc. Someone with a low GPA but amazing essays, high GRE/GMAT score and great work experience should be just fine.
5) Miscellaneous factors - average GPA at your school, location (region/country) of the school you are applying to, etc.
In summary, make sure that you "score" as high as possible in the other components of your application packet. Work on the components that are easy to improve upon and/or are in your control in the short term - GRE/GMAT, essays, etc.
-Amit
Re: Jobs and Career Related Advice
Post by 2013100 » August 25th, 2012, 6:03 pm
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Re: Jobs and Career Related Advice
Post by mbadropout » August 25th, 2012, 10:30 pm
First, I am not the right person to talk to regarding Master of Finance programs. Having said that, let me tell you what I know.
Unlike MBA programs, applicants to MF programs have little (typically around a year or less) or no work experience. Therefore, anyone that has worked in the corporate world for more than a year isn't going to be at the sweet spot (in terms of age, which for MF programs would be typically around 23-24). However, in my opinion, the mean / median age for such programs is only a statistic that does not have much significance. I would think that admissions committees at such schools would go out of their way to fill in a few seats in their class with people with real world (relevant) work experience. They wouldn't reject a candidate with "great" public sector banking experience only because he is 2-3 years over the mean / median.
In summary, I think 2-3 years over the mean / median isn't going to be a huge deal if you have a "great" story to tell. Execution would be key - your essays will need to be immaculate (assuming that low GPA issues would also need to be eclipsed).
-Amit
Re: Jobs and Career Related Advice
Post by amol_2389 » September 18th, 2012, 9:58 am
First of all thanks alot for your book " Beyond MBA Hype ".This book has illuminated various paths for the lost ones.
I am a mechanical engineer . I am working with Larsen and Toubro from past 2 yrs.
My work profile is mixture of Research(30 %) and Troubleshooting (70% ) for example,any equipment has been failed site , we determine what are the causes of failure using Finite Element analysis tools like ANSYS,ABAQUS and provide suitable solution.
But the work volume is very little and I am not getting any management related experience , I felt growth is very stagnant here. Now I want to change my profile as I am interested in fincance too.
But I am confused between Finance and International business.IF you can enlight some of major aspects of International business it will be very helpful to decide my career path.
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Re: Jobs and Career Related Advice
Post by MBACrystalBall » September 18th, 2012, 10:27 am
amol_2389 wrote:Hello Sir
First of all thanks alot for your book " Beyond MBA Hype ".This book has illuminated various paths for the lost ones...
I'm glad you liked my book, Amol. Thanks for the kind words.
I'll let Amit-bhai respond to your career related queries.
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Re: Jobs and Career Related Advice
Post by mbadropout » September 21st, 2012, 8:12 am
International Business is a broad term - in the corporate world, anything to do with two or more countries / continents / regions could fall under International Business, which might include a large number of activities across functions such as marketing, finance, operations, etc. Cupertino headquartered Apple having to manage its manufacturing operations in China, Reliance buying oil fields in Africa, and Walmart managing its stores around the world are typical examples of activities that would fall within International Business that come to mind. Therefore, if you were to take up International Business as your MBA major, you would likely get a smattering of various functions from an international perspective. Finance is going to be far more focused.
A few thoughts:
1. Since the "core" curriculum of most MBA programs is common for first year students (for 2-year MBA programs), it gives them quite some time to experiment. It is not uncommon for people that were hell bent on taking up finance as their major at the start of their MBAs to finally come to the realization that another specialization, for instance marketing, is what they would really like to take up. Some take up double majors as well. Though it is a good idea to have firmed up goals, I would suggest that you be a little flexible when the time comes to make a choice.
2. How did you narrow down to Finance and International Business? I would think that given your experience with L&T, you might also want to consider something to do with Operations. How did you come to like finance or International Business?
3. With 2 years of experience under your belt, you have the time on your side. The next step to a less than ideal job might not necessarily be an MBA. Since you have read Sameer's book, I am assuming that you have solid arguments justifying an MBA at this stage in your life.
-Amit.
Career Related Advice
Post by ajayatm » September 24th, 2012, 1:12 am
I am a post graduate degree holder in Mechanical Engineering (Research) from IIT Madras . I was picked by IBM from campus in 2007. Company recruits were bragging at the time of placement with reference to their research/software/consulting division. But I am being employed in the IT outsourcing division. I am doing some type of maintenance and enhancement work of some client’s mainframe application software which up to a certain extent is challenging due to the complexity involved in the analyzing client's healthcare (PBM) business requirements and converting it into IT software. Right now I am in a position of analyzing any of my application's business requirements without assistance and deliver it by modifying existing business logic due to my five years of experience in the application. Currently I provide training and guidance (healthcare PBM business, not technical) to the juniors and monitor their software development work. I don't really see any future in the type of work I do and at some point of time I would need to take up a people management role which I am not really interested in. My current job does not leverage my scientific and mathematical knowledge acquired during my studies and that feeling keeps me thinking about my current job. I did not take a honest and serious effort in moving out from the situation as I got very much comfortable with the current position and also due to other family commitments. What would you suggest at this juncture? Continue at my current position or look for a career change? Or others...
Thank you,
Ajay Mani