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Re: MS, MFE, Mfin, MPhil, PhD, other degrees

Posted: May 7th, 2012, 7:08 pm
by MBACrystalBall
Hi udai447,

//I would like to know my chances of admission into top universites like USC marshall,nyu stern or other 2+2 programs like harvard,lsb yale and mim.
P.S: I dont have any full time professional work experience


You have posted this on multiple threads. So I'm curious to know. Are you looking at MBA programs that don't require work experience or something else (like an MS)?


Re: MS, MFE, Mfin, MPhil, PhD, other degrees

Posted: May 9th, 2012, 8:58 pm
by udai447
im looking for admissions to full time MBA programs without experience Ex:MBA at IIM etc...and also for the schools I mentioned like harvard 2+2,mim lbs,SSP in yale..

Re: MS, MFE, Mfin, MPhil, PhD, other degrees

Posted: May 10th, 2012, 1:41 pm
by MBACrystalBall
Udai,

Thanks for clarifying. My thoughts as follows:

//I dont have any full time professional work experience

Let's start off with this. If you are looking at international MBA programs (or management education in whatever form), I think you might want to consider the option of working for a few years before you look at the regular mainstream programs. This would include some schools on your list (USC Marshall, NYU Stern).

//GMAT-700 (assuming i get 700)

The younger folks generally score much higher on the GMAT. So a GMAT score of 700 for universities like Harvard (2+2)

//AIESEC EXPERIENCE:

This is excellent. Your association with AIESEC is a great way to talk about the leadership skills you've demonstrated as a student.

When you were wearing the Marketing hat for raising funds, I'm guessing you were part of a team and it wasn't an individual effort. With a team, your success story can take on many more dimensions - target setting, motivation, communication, coordination and of course the all time favourite of Admission committees - leadership.

The extra-curriculars are pretty good too.


//However I would describe my biggest achievements as how AIESEC changed me as an individual and how I now perceive things. That however is written my essays...

This would be the key that could unlock the doors. Hope your essays have elaborated these aspects well.

//My main questions as i asked above are regarding admissions into colleges mentioned above with similar profile

HBS 2+2: You could go ahead and apply to this one as the timing is right.

Masters in Management (MiM): This degree is more popular in Europe than in the US.

The MiM program from Yale is very recent (starts in 2012) and has no track record. Also, the premise is a little unusual as it is meant for MBA grads from universities like NUS and INSEAD who are looking for looking for a 'Global' brand (open to interpretation). So I'm not sure if you'd be eligible for it.

The other European MiMs are open for you as they are meant for folks without experience.

One last point. Those who go abroad without any experience will always be at a disadvantage vis-a-vis those who have a few years under their belt. Also you'll need to evaluate the risks and plan out backup options for all contingencies.

Read the story of an IITian who dropped out of a US MBA program.

Re: MS, MFE, Mfin, MPhil, PhD, other degrees

Posted: May 13th, 2012, 9:46 pm
by udai447
Thank you for replying.That was helpful.I was also wondering why the top business schools like NYU stern,UCI,Yale also mention "however,work experience is not mandatory" when they dont recruit anyone without work experience.I also wonder if at all there are any Indians who get recruited into top B-schools without work experience.And I would like to know if at all there are any good B-schools in US or UK which admit students without any work experience.I would like to know my eligibilty criteria for SSP of Yale.Waiting eagerly..

Re: MS, MFE, Mfin, MPhil, PhD, other degrees

Posted: May 16th, 2012, 2:03 pm
by MBACrystalBall
Hi Udai,

//I was also wondering why the top business schools like NYU stern,UCI,Yale also mention "however,work experience is not mandatory" when they dont recruit anyone without work experience.

Look at it as a bell curve (statistical concept). While some of the top schools might accept candidates without experience, their number is less than 5% in most of the top schools.

//I also wonder if at all there are any Indians who get recruited into top B-schools without work experience.

I'm sure there might be. But I personally don't know anyone who's got into the top schools without experience. I do know some who've got into the lower ranked universities.

//And I would like to know if at all there are any good B-schools in US or UK which admit students without any work experience.

For the top schools, rather than the mainstream MBA, you are better off targeting variations like the 2+2 at Harvard, or the Silver Scholars Program (SSP) at Yale that are specifically designed for freshers.

The SSP approach is that you spend 3 years in the program - the second year is reserved for an internship and in the other two years (1st and 3rd) you complete the MBA curriculum.

I'm not too convinced that a sandwiched internship between 2 theoretical years would have the same impact as a 3-4 years work-ex followed by a regular full-time 2-year MBA.

But their website does list out some good companies that have offered internships and full-time job offers. Plus Yale is a strong brand as well.


//I would like to know my eligibilty criteria for SSP of Yale.Waiting eagerly.

They have some conditions about the graduation date for applicants. If you are meeting those, then sure, go ahead and try out your luck with the program.

Good luck.

Re: MS, MFE, Mfin, MPhil, PhD, other degrees

Posted: May 21st, 2012, 11:24 pm
by mds
Hi Sameer,

I am Mahesh. I have 2.5 years of work ex at Accenture in the Technology division in the Testing\QA capability and an Engg degree from a govt Engg college in Goa.

Will be joining FMS Delhi or IIM Indore this year (haven't decided yet).

Profile:- Good achievements\awards at work, Goa state topper in 10th, Good decent acads and decent extra currics.

Future plans:-

Will leverage my FMS or IIM Indore MBA to get into a decent Consulting\Gen Mgmt\Strategy role in the industry.

After a few years though, I feel I might need to get some additional international education (I don't know whether this really will be needed, but as of now, I feel it'll be beneficial) to really break into the top levels of management.

This is where the MIT Sloan MS in Management Studies comes into the picture specially since the website specifically states that it's meant for those who have done MBA abroad (outside US).

I'll be really grateful if you could give me some insight into this program vis-a-vis prospects, opportunities, reputation in the industry etc.

Thanks and Regards,
Mahesh

Re: MS, MFE, Mfin, MPhil, PhD, other degrees

Posted: May 21st, 2012, 11:52 pm
by MBACrystalBall
Hi Mahesh,

//Will be joining FMS Delhi or IIM Indore this year (haven't decided yet).

Congrats on the two invites!

//Will leverage my FMS or IIM Indore MBA to get into a decent Consulting\Gen Mgmt\Strategy role in the industry.

Check if the employers you have in mind recruit at these bschools.

//After a few years though, I feel I might need to get some additional international education (I don't know whether this really will be needed, but as of now, I feel it'll be beneficial) to really break into the top levels of management.

Not necessarily. For many industries, a deep knowledge of the industry, the market, the company (and the power politics at play) is more important than an international degree.

//...MIT Sloan MS in Management Studies...meant for those who have done MBA abroad (outside US).

MIT's MS program isn't the only one that accepts second MBA applicants. There are quite a few regular MBA programs that you'd be able to consider when the time is right.

I think you are planning too much in advance. You'd be spending 2 years in an Indian bschool, then at least a couple more working. At that point in time, IF you feel the need for an international education, you'd have many options - including regular MBA programs.

For now, focus on choosing between the two Indian MBA options that are on the table. We'll cross the international bridge when we get there.


Re: MS, MFE, Mfin, MPhil, PhD, other degrees

Posted: May 23rd, 2012, 8:39 am
by squenx
Hi.

I had put up my profile a couple of posts back. I have an admit from the masters in management program in the university of warwick. I am in two minds whether I should join it this year or not.

1. I was planning to join the family business and do some relevant social work. This would have added greatly to my profile in one or two years, and I am about to appear for the GMAT too. So my first preference is a good b school in India or the us. I really feel with a little planning,patience and hard work I can get a good deal in either.
2. But the other side of the coin is that if I take this course up, spend 25-30L in a year, get over with it and come back I can fully commit myself to taking charge of the business.
3. How good will a one year masters in management in Warwick be- a lot of people with family business go there?will it be worth it? Should I rather wait and not compromise on the quality of the college?

Can you help provide some perspective and help me take a decision?

Re: MS, MFE, Mfin, MPhil, PhD, other degrees

Posted: May 25th, 2012, 3:36 pm
by MBACrystalBall
Hi squenx,

Let me get a good friend and an expert on non-MBA options to answer your queries.

Hari Raghavchari (aka baccardisprite) is an IMD Switzerland graduate and has been writing guest posts on our blog on a variety of career topics including Careers in Business Academia and Human Resources (HR) Jobs.

Re: MS, MFE, Mfin, MPhil, PhD, other degrees

Posted: May 25th, 2012, 5:37 pm
by baccardisprite
Hi Squenx
I had put up my profile a couple of posts back. I have an admit from the masters in management program in the university of warwick. I am in two minds whether I should join it this year or not.

It's a good university.
1. I was planning to join the family business and do some relevant social work. This would have added greatly to my profile in one or two years, and I am about to appear for the GMAT too. So my first preference is a good b school in India or the us. I really feel with a little planning,patience and hard work I can get a good deal in either.

I would agree. Success in an entrepreneurial business (even if inherited) goes a long way in improving one's profile. Here's why:
- Experience across functions
- In an environment where you're somewhat insulated from all the office politics and a career rat-race (given you're the promoter's son/daughter); also no one's out to play around with your career.
- Some freedom to think on your feet and make a direct impact, instead of having a "boss" tell you what to do. You get to make this impact in more challenging circumstances, without the variety of resources / systems available to a large corporate.

If you stay in the business for 4-6 years, make a significant impact on growth and profits. Then watch your business grow from entrepreneurial to corporate :-), then take what you learn to an MBA (or any other Masters), work and learn to manage & lead in a corporate environment - then come back to lead your larger (& more corporate) business.


2. But the other side of the coin is that if I take this course up, spend 25-30L in a year, get over with it and come back I can fully commit myself to taking charge of the business.

You could; but think carefully about getting a theoretical education in management for 25-30L versus getting practical experience virtually for free.

3. How good will a one year masters in management in Warwick be- a lot of people with family business go there?will it be worth it? Should I rather wait and not compromise on the quality of the college?

Look, unlike several other young men / women of your age and profile - you probably won't have the "pressure" of having to find a job in what's a pretty difficult economic environment in the UK/EU. Even so, what is or in that program's curriculum is likely to offer you more than the on-ground lessons in finance & business in your family business environment - i.e growing revenue profitably, winning & keeping customers, developing products and services, investing capital for growth, managing cash and working capital to deliver growth!

Can you help provide some perspective and help me take a decision?Hi.

How about this? Have a deep, honest & objective conversation around your business? Discuss / brainstorm what you can do and how you can contribute. I'm sure you and your dad will have a lot of ideas! One of these ideas may be good enough for you to build on, perhaps using the 25-30L you don't end up spending for Warwick

Let us know how it goes!
All the best