If you are looking for help to get into the top Bschools
Moderators: MBACrystalBall, mcb_mg
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MBACrystalBall
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by MBACrystalBall » December 22nd, 2012, 11:48 pm
nicgupta wrote:Sameer, I am glad to share with you that I have been offered admission to the 'Tepper School of Business at Carnegie Mellon University' and to the 'Ross School of Business at the University of Michigan' for the Class of 2015...
Congrats on the admits, Nikhil.
Both schools are strong in the area of Supply Chain management (SCM). In fact, Tepper is higher than Ross in the niche specialty rankings. And you also have the additional benefit of gaining the Carnegie Mellon brand (well-respected in India if you were to come back) added to your resume.
But overall, when you consider the general MBA rankings, Ross is a higher ranked and stronger brand .
So the fight would be between specialisation and ranking. If you had received a scholarship from CMU, then the confusion would increase.
For now, I'd go with Ross as you'll also get access to several top notch consulting firms.
Let me know which one you finally choose.
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reviliant
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by reviliant » December 25th, 2012, 9:09 pm
Hello Team,
My question is as follows: I have got an admission to
ESADE,Spain. My profile is as follows.
5 + years with Accenture (around 3 promotions and 4 role changes)
UG: Jadavpur University with 74%
Deferred my admission till 2014 as I am traveling to US for long term
on H1 and would like to gain some quality client facing experience by
Jan 2013.
My question is:
I have some financial constraints. I can spend a maximum of 15-20 lacs
from my end. The entire remaining amount will be loan that I would
have to take from Spanish/Indian banks. Now, if I take that much loan
I have to show some collateral.
Can you please let me know what is meant by collateral as I don't have
sufficient assets to show. Also what do you suggest should I be taking
the shot as I don't have any back up (Parents are not present)
PS: I along with my working wife has taken a house recently and am
paying EMI for the same.
Also, I would want to know about the Brand name for ESADE in India, provided I might have to come back to India post MBA.
Thanks,
Abhishek
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MBACrystalBall
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by MBACrystalBall » December 25th, 2012, 11:17 pm
reviliant wrote:Hello Team,
I have got an admission to ESADE,Spain. My profile is as follows.
:
I have some financial constraints.
:
Can you please let me know what is meant by collateral as I don't have
sufficient assets to show.
Hi Abhishek,
First of all, I need to put up the regular disclaimer that we aren't educational loan experts. So use this to get some general direction and follow it up with your own research.
Collateral generally refers to immovable property (such as real estate - house, flat, land) or some variation (like a Fixed Deposit account opened in favour of the lending institution).
The FD option might be ironic as you need to have money to get money. In your case as you are still paying EMIs, technically the bank owns the asset for the housing loan they've given you.
So I'm guessing you won't be able to re-use the same collateral for two loans simultaneously.
If I'm not mistaken, banks like HDFC can grant loans upto 7.5 lakhs without any collateral. That would take your non-collateral amount to 27.5 lakhs (20L on your own + 7L loan). The rest of the gap would need to be filled in.
Hopefully with your own and your wife's income you'd save some more by the end of your 1 year overseas stint taking you closer to your goals.
reviliant wrote:Also what do you suggest should I be taking
the shot as I don't have any back up (Parents are not present)
That's a completely personal question, buddy.
Taking loan is always a risk. Taking two (housing + education) is even more riskier.
In the US where a lot runs on credit, American students are more comfortable. Indians tend to be more conservative.
Btw, if you want to find out more about whether ESADE would be worth the investment considering your tricky situation, you could post some more specific queries for Ashok (an ESADE alumnus) who's taking queries here on our ESADE MBA forum. It will give you additional data points to make your decision easier.
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abhaskar.83
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by abhaskar.83 » December 26th, 2012, 7:26 pm
I am working as an assistant for the past two years in STATE BANK OF INDIA, but for growing fast in my career I want to pursue an MBA from one of the reputed institutions of this country. At present I am 29 years old , considering my age factor and work experience of 2 -2.5 years, would pursuing MBA help me in my career or would it be a great risk to take. Please advice me .
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MBACrystalBall
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by MBACrystalBall » December 28th, 2012, 1:19 am
abhaskar.83 wrote:At present I am 29 years old , considering my age factor and work experience of 2 -2.5 years, would pursuing MBA help me in my career or would it be a great risk to take.
Bhaskar,
There's a big gap in there somewhere (which is causing the disconnect between the age and experience) that you haven't talked about.
What's the story there, sirji?
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tushar
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by tushar » January 4th, 2013, 1:14 pm
I'm a senior Testing Engg in India and wish to apply for GMAT. I've appended my profile at the end of this email. My concerns are about the Why MBA and its career opportunities.
I have got 6 years of experience in Telecom field.I am currently working as Senior testing Engg.I dont have Managerial experince as such.
My question is, Does my background fit in with executive MBA. If this looks totally unconvincing, what are other possible MBA options I could research?
What will be the career opportunities post Executive MBA and how mbacrystalball will be helpful to me?
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Azeem_Mohammad
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by Azeem_Mohammad » January 4th, 2013, 6:20 pm
Hi,
I am preparing for the GMAT and am looking forward to get into one of the top B-Schools. By the time I apply I will have nearly 2.8 yrs of work-ex in the IT sector as a Software Developer.
I haven't been involved in many extra-curricular activities apart from acting in a play,that too just once in college.
I know this a typical Indian IT Male profile and there's a lot of competition that I will face to just get an interview call.
But,the thing that concerns me at the moment is that I have a gap of 2 yrs in between my plus 2 and college education. The actual reason for the gap is that I wanted to study medicine from a Government college,so I invested 2 yrs of my life in preparing for the competitive exams,thinking that I am young and a year or two's gap won't make a difference down the line.
I am worried that the AdComs will take this negatively and think of me as a failure or as a person who couldn't achieve something that he really wanted to.
It would be really helpful if Sameer or anyone who understands my situation could address my concern.
Thanks,
Azeem
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MBACrystalBall
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by MBACrystalBall » January 7th, 2013, 12:15 am
tushar wrote:Does my background fit in with executive MBA. If this looks totally unconvincing, what are other possible MBA options I could research?
Tushar, I'm guessing you are referring to a GMAT based full-time regular MBA and not an Executive MBA, right? Read this post to know why I'm asking that - Executive MBA vs MBA for Executives – The Big Indian Confusion.
If it's a regular MBA, sure the background fits. Other options are part-time or executive MBA programs. But the takeaways are very different there.
tushar wrote:What will be the career opportunities post Executive MBA
That's too broad a question to be covered in this response, Tushar. You'll have to choose a target industry, role and country. That would require a fair bit of research.
tushar wrote:how mbacrystalball will be helpful to me?
For you to get any value from our services, you'll have to do the primary research on your own. Our MBA blog has a lot of free resources to get you up to speed.
We'll be able to help after you have a basic storyline ready. Then you could consider the MBA MAP or MBA Essay Editing options.
If you are struggling with the basic 'What next' question, going back a few steps and considering the Career MAP might help.
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MBACrystalBall
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by MBACrystalBall » January 7th, 2013, 12:24 am
Azeem_Mohammad wrote:...so I invested 2 yrs of my life in preparing for the competitive exams,thinking that I am young and a year or two's gap won't make a difference down the line.
I am worried that the AdComs will take this negatively and think of me as a failure or as a person who couldn't achieve something that he really wanted to.
It would be really helpful if Sameer or anyone who understands my situation could address my concern.
That wasn't the wisest thing to do, Azeem. It will definitely be one of the red points in the application that would need a justification.
I don't know your profile well enough to guide you with specifics on how you can tackle that.
You'll find some general ideas in this blog post --> How to deal with career breaks in your pre-MBA jobs.
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Azeem_Mohammad
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by Azeem_Mohammad » January 7th, 2013, 12:17 pm
Thanks for your reply Sameer. I have just finished reading you book 'Beyond the MBA Hype' and I would say that it's a must read for any MBA aspirant.
I had a gut feeling that the gap would be a 'red dot'.This is my profile ( I have kept it as brief as possible ):
10th - CBSE 87 %
12th -CBSE 77 %
Two years of gap after 12th ( I was trying get into a governmnet medical college, but couldn't . Wanted to be a doctor then )
Graduation- Manipal Institute of Technology, B.E. Comp. Science : 8.54 CGPA
Work Experience :
1 year with SAP Labs India- Awarded Vice Presidents Award for contributing to my team's success in a worldwide software challenge
1.5 yrs with MakeMyTrip India- Worked on an Innovative project which aimed at bringing call drivers down by the use of intelligent sms apps to answer most commonly asked questions by customers
Extra-curricular:
Not much, except for winning a prize in a Mimicry competition at school and acting in a play in college
How do I present this in a way that counters the negative effect of the gap ?
P.S. I am hoping get into either one of NUS,NTU,ISB,SPJIMR(Mumbai).