Management Education Abroad

1. Management Education Abroad MBA and other opportunities.

2. What will be covered in this presentation. • Courses in which you can apply directly after finishing your undergraduate degree. • The application procedure, requirements and the GMAT. • What a business schools wants in an applicant. • Example of an MBA application. • My advice for you.

3. Courses in which you can apply directly after your B.E.

4. MBA Programs • Typically all good business schools require minimum 2-3 years of quality work experience for an MBA degree. • Schools and programs that offer you deferred admission: • Harvard Business School 2+2 program. • Stanford GSB deferred MBA. • IESE – Young Talent Program. • ISB –Young Leaders Program. • Yale Silver Scholars Program. • Other schools that directly accept your application (but don’t have any exclusive parameter for freshers) • University of Chicago Booth School of Business • NYU – Stern • Wharton • MIT Sloan

5. Masters in Management • MiM is a new European concept to target freshers. • The course is specifically designed for freshers. • Almost all top European B Schools have a MiM program. • Course duration varies from 1-2 years depending on the school. • Typical fee for MiM – varies from 15,000 Euro to 30,000 Euros. • Average packages as claimed by schools are around 50,000- 70,000 Euros. • Usually suited for middle level management jobs. • Is very new to the market and will take some time to establish.

6. Some Top colleges that offer MiM. • London Business School • London School of Economics • HEC Paris • IE Spain • ESCP Europe • Manchester Business School • Duke Fuqua

7. Other Programs • MS Finance. • MS in Financial Engineering at CMU Tepper School of Business. • MS in managerial economics. • MSc in luxury brand management. • Msc in international business.

8. Application Procedure • Completed online application • A valid GMAT score. • Application Essays. • Letters of Recommendations (Preferably from a professional recommender) • TOEFL Score (may be waived) • Interview (by invitation only)

9. The GMAT • GMAT stand for Graduate Management Admission Test. It is organized by GMAC. • It is held on all weekdays throughout the year but the seats for examination are limited. • It is accepted by more than 2000 schools around the world including the ivy league schools such as Harvard, Wharton, Stanford etc. • Till 5th June the GMAT will consist of 2 sections covering Quantitative ability and Verbal ability. After 5th June a new section called the integrated reasoning section. It will consist of questions on statistics and data interpretation. • The GMAT score is valid for 5 years and the test fee is 250 US Dollars.

10. What does a Business School really look for in an Applicant? • Clarity of goals. • Maturity. • Good communication skills. • Involvement in extra curricular activities. • Good leadership skills. • A steady and good academic record. • A good GMAT score. • An all round personality.

11. Example of MBA application Essays • The following are the essay question from HBS 2+2 application for the MBA class of 2016. • Tell us about three of your accomplishments. (600 words) • Tell us three setbacks you have faced. (600 words) • Why do you want an MBA? (400 words) • What would you like the MBA Admissions Board to know about your undergraduate academic experience? (400 words)

12. My advice • Have a clear picture of what you want to do and chalk out a plan for yourself. • Ask yourself do you really need an MBA to achieve your career goals? • Participate in as many extracurricular activities as possible. Don’t do it for the sake of collecting certificates, participate in order to learn. • Maintain a good and steady academic record. • Work on your communication and decision making skills.