Tag: MBA program

How big will your network be post an MBA abroad?

One of the biggest reasons why the best and brightest young people from across the world want to earn an MBA from the top Business Schools in the world – HBS, GSB, INSEAD, etc. – is because of the limitless networking opportunities it opens up. We often hear about these networks, and about how they can transform the professional life of the individuals who are lucky enough to be parts of them. But what exactly are these about, and why are they so powerful?

In our quest to discuss these with you, we put together a special feature that focuses on numbers and sizes of MBA networks, so that we can better understand how big, and how high quality, they actually are.

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Direct, very deep connections: 100

The members of a Year 1 class in any MBA program are very, very close: they take most of their compulsory courses together, they party together, they learn together, and they work on assignments together. Later in life, they all attend each other’s weddings, and everyone in a class feels like a member of a very close family. These connections are very deep, and any member of the class can call on any other member for a favour at any time.

Direct, deep connections: 500 to 1000

We talked about the deep bonds within a class, but the bonds between any two members of a cohort, or a batch, at a Business School, are very deep as well. Depending on the B-School in question, the cohort size might vary from 400 to 1000. Later in life, you just have to introduce yourself to anyone in your cohort to be met with friendliness and co-operation, no matter what the setting.

Any time access to alumni: 20,000 to 40,000

The number of living alumni of most big Business Schools in the USA is in the 10,000+ range, with larger numbers for older schools with historically larger cohort sizes. The alumni network and the framework that binds them all is so strong that you will have multiple means – online and offline – to reach out to any or all of the members of this exclusive club, and associate with them in whatever way you – and they – think fit.

Sphere of deep influence: 1,00,000+

All the members of your class will soon be working in organizations where they will be respected professionals, and exert a sphere of influence there. By association, you will be able to reach, with deep influence (indirectly), to about 1000 people for each member of your class; this is very large, especially if you’re looking at starting up and need to reach people and testers.

Sphere of indirect influence (LinkedIn Reach): 5 million to 10 million

Through your cohort alone, you will be able to reach out to many millions of high net worth individuals on LinkedIn, and build bridges to other people who want to change the world as much as you do.

(15 years down the line) Direct access to CEOs: 50 to 100

Finally, once the dust settles, you and your friends in your own cohort are all headed for greatness; all statistics show that the top Business Schools are ideal CEO crucibles, with some schools and batches seeing as many as 10% of their members making it to CEO within two decades of graduation. It feels good to be a CEO, or to have a substantial number of CEOs on speed dial!

We hope that this Jamboree special feature has given you an idea of just how great your network will be post a top US Business School MBA, in terms of both quality and quantity. In case you want to be a part of such a network, we recommend that you start off on your journey to the best B-Schools right away, by preparing for either the GMAT or GRE.

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In case you require a partner on your preparation and application journey, Jamboree is the answer. We have two decades of successful GMAT preparation and coaching, and our record of high scores speaks for itself; it can be found on our website. In addition, you can also use our website to schedule a session with one of our domain experts, who can also counsel you on the best course of action to achieve a top Business School admit, customized according to your profile.

What Career Options Do You Have After an International MBA?

Boosting your career options is probably your top priority when you sign up for an MBA program. The program is almost as grueling as it is prestigious, and you will need to invest significant time and money if you want to complete it, so seeing the career light at the end of the tunnel is genuinely motivating.

But perhaps it’s a good option to start your journey by looking at the kind of career options you are likely to have after completing the course. Gaining an MBA will certainly improve your pay regardless of where you are based, but seeking an opportunity abroad is about more than money, it is about experience.

What jobs can I do with an International Business Degree?

Have you taken the GMAT before?

So it makes sense to analyse the results of the annual Corporate Recruiters Survey carried out by the Graduate Management Admission Council. In their recent report these were the most likely industries to hire MBA :

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All the employers in the survey were likely to expand their businesses over the coming years and were looking for more MBA grads to join them than ever before. The median starting salary for an MBA grad in the United States is $100,000 and many of the employer’s (31%) say they are likely to increase the wages for MBAs at the rate of inflation or above it this year. good-luck

56% of the employers contacted in the survey said they had an internship program for MBAs and 85% of those interns were offered full-time jobs at the end of the internship.

So, the job market for MBAs seems resilient and is actually expanding despite the global economic environment. But what sort of careers could you expect after an international MBA?

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One of the most enticing benefits of studying abroad is a chance to gain some experience working there too. Millions of students from the country leave every single year and seek out opportunities on foreign shores. The UK, US and Australia have always been the most popular option, but recently graduates have been more keen on expanding their horizons and going to frontier markets or less popular developed countries. Many look for jobs in Germany, France, Italy, Hong Kong, Singapore and denmark.mba-grads

There surely is a shift in preferences for recent MBA grads looking for jobs abroad. Many are shunning developed markets to gain more experience and deal with bigger challenges in countries that haven’t been fully explored in an economic sense yet. dubai, Brazil and China are increasingly popular with recent MBAs .  This could be because the opportunities are better in many of these countries as the economy develops faster, or it could simply be an issue of immigration. european and American policies on international migrants have shifted dramatically since the ‘08 crisis and the refugee crisis in europe. GMAC found that less than 23% of employers in europe had plans to hire foreign MBA grads, the proportion was much higher in the U.S., but limited H1B visas have put a cap on the number of recent grads who get through.
That’s not to say you should try to move to these locations, the job market is still relatively open for people with high skills and considering the impact a talented foreign labour market can have on a country’s economy . Almost every country on the planet has a special immigration route reserved for highly skilled and well educated migrants, and the MBA program is well regarded everywhere.

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Indian and foreign companies understand the value of hiring a global workforce and the cultural benefits of having a diverse group of MBA grads as part of the team. Indian companies like Wipro and Infosys offer their employees a chance to work abroad for a while just to gain experience and the chances are higher if the employee has an international MBA.
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The GMAc Recruiters Survey from 2015 found that almost all the major firms were looking to hire MBA and most of them were keen on hiring foreign nationals. The companies that were much more likely to hire international MBA grads were also much more likely to be huge multinationals. The larger companies had more diverse operations and were able to get a more global workforce involved.
There were some minor concerns, such as the expenses, legal paperwork, country-level visa requirements and future uncertainty, but most employers were optimistic about the future, especially in the Asia-Pacific region.

Marcelo Barros, author of The International Advantage, understands the issues faced by large global firms, but suggests that companies are willing to overlook regulatory issues when they want an applicant really badly. When there is less domestic supply for technical talent companies look to hire foreigners with the right skill set and are also willing to pay a premium to hire these individuals to plug the skill gap in their organization.

His recommendation to MBA grads and those looking to complete the program abroad is simple – invest in yourself and work the international job network some remarkably good opportunities. Communication skills are a desired trait amongst international firms, so those who can speak English along with a foreign language fluently and have a way with words are likely to be considered. Gaining an MBA from a top b school is likely to improve your chances even more.

The rest, as always, comes down to personal preferences. You may have family in Thailand, or want to live in new Zealand or are attracted by the cost of living in Poland. Moving to a foreign country is always a deeply personal choice, but having an international MBA greatly improves your chances in the long run.

Schedule a 15 minute free session with our study abroad admissions consultants and get your profile evaluation done today.

GMAT VS CAT Comparison

Every year millions of students around the world prepare for entrance exams to get into a prestigious MBA program. Entrance exams were all developed to help MBA schools separate the best applicants from the worst when it came time to offer seats at their institutions. Basically, the test is an attempt to demonstrate readiness for the notoriously gruelling and  equally rewarding MBA program.

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But not all entrance exams are created equally. Yes, the curriculum is somewhat similar and the MBA programs too are meant to be similar (more on that later), but there is a key difference between test takers in India – some opt for CAT while others go for a GMAT.

 

If you’ve decided to complete the course, you probably want to know what the options are and need some help making your mind up between the two. A lot depends on your personal and financial circumstances, but in this paper we’ll be having a look at the key differences between the two tests to figure out which one is a better option.

 

Let’s start with the basics – GMAT is for those looking to study abroad and CAT is for local universities. There’s a chance you’ve already made up your mind between the two and prefer either staying home or going abroad, but that doesn’t mean you stop reading right here. There’s a lot more than to these tests than simply the location.

 

learningThe two tests are structured with different priorities. The GMAT emphasis verbal reasoning and analytical skills, while CAT focuses on quantitative analysis and interpreting data. This isn’t to say that any of these skills is less important than the others. You surely need to be able to calculate vast sums, read pie charts and explain what you think about them verbally, but the over emphasis on quantitative analysis is unnecessary in the modern workplace. A recent study by Bloomberg found that the most desired and least common qualities big firms were looking for in MBAs was communication skills, strategic thinking and leadership skills above all else.

 

attemptsGMAT is constructed for experienced professionals who have a couple of years of industry experience under their belt and may lack the flexibility to fit the test into their busy schedules. This means there are a lot more tests throughout the year and a candidate can retake a test after just a month. CAT, on the other hand, is annual and if you miss your chance you waste a whole year.cost

costs There’s no doubt CAT is cheaper than GMAT. It may end up costing you a little more than Rs.1600 for a CAT than potentially spending Rs.17,000 for GMAT. Completing a MBA at home is also a lot cheaper than abroad. But over the long term you may want to weigh the total return on investment when you consider the fact that you could work abroad with an international MBA.

 

language The focus on verbal and communications skills means your English is tested more thoroughly with GMAT, which is great if you speak fluent English or need to prove to future employers that you do.

 

admission Only 1% of CAT applicants will end up at an IIM. Less than that if you consider the top three IIMs. The seats are so limited that the government declares newer IIMs almost every year. It’s a supply and demand issue, but it doesn’t stop there. The admission process is a lot more bureaucratic and much less transparent. Many applicants are shocked to find they were declined because of their 10th or 12th marks, which have absolutely nothing to do with your recent work or educational experiences.

GMAT scores, meanwhile, are accepted by a broader range of universities around the world and the competition is far less fierce. The admission process involves one-on-one interviews which help the school understand you as a person rather than a marksheet.

 

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All things considered you may still prefer one test over the other based on your personal circumstances, but it is worth knowing our options before you take the final plunge. Good luck!