9 Points to keep in mind while choosing a B-School - International
(1). Career placement record – Helping candidates in their job search is a key component of the MBA. Each business school has a career service department. Some schools attract companies to come on campus to interview students. The Wharton School in Philadelphia draws as many as 400 companies to campus, of which roughly 300 are US-based recruiters and 100 international recruiters. INSEAD and LBS attract between 100 - 200 companies to campus, most of which are international recruiters. Today, the majority of MBAs find their jobs through an off-campus search and over 100 business schools subscribe to Top MBA/ Careers, the most important online jobs network for MBA students.
(2). Return on investment – Candidates are not looking for low cost MBAs. Generally they are looking for a long term career profit measured by accelerated career progression and salary uplift – the problem is measuring this!
(3). International reputation – is the most important selection principle; reputation amongst recruiters is an indicator of the superiority of a programmed. As a rule, the stronger the reputation of a school, the higher the salary at the end of the programmer (but for weaker candidates this may be counterproductive, as too high salary expectations can lead to a frustrating job search).
(4). Scholarship availability – Most MBA applicants admit that a scholarship would be nice, but not essential to their choice of taking an MBA. However, in receipt of a partial or full scholarship can make a big disparity to a candidate’s choice of school. Anyone lucky enough to have a choice of schools can actively seek financial incentives.
(5). Specializations – As candidates become more recognizable with the business school arena, they begin to narrow down their selection based on school power, which match their own interests. Though many MBAs are general management programmes, an increasing number emphasise areas of particular strength.
(6). Profile of participants – Longer average level of work experience, average GMAT score, percentage who are from overseas, educational background, languages required, achievement of alumni are all important differentiators.
(7). Cost – Most potential MBA students give the impression willing to make a serious monetary speculation as long as they can be influenced of the value of the long-term return.
(8). Rankings – These evaluation tools exert an important force on school reputation, but with the proliferation of rankings in recent years, there is evidence of growing skepticism and a desire on the part of applicants to ‘dig deeper’.
(9). Teaching style – The actual method by which a programme is delivered can be crucial. Quality of faculty research - A school’s standing for producing original research influences overall prestige, but plays second fiddle if there is no obvious career advantage for the candidate.
Post-MBA Jobs & Employment In USA
If you have graduated from a top B-school, jobs are easy and more often than not guaranteed. Students graduating from business schools like Harvard, Stanford and Wharton, never have problems getting a job. Most of them have manifold offers. For most of the problems are a few lesser or extra zeroes on their signing bonus.
If you are from a good middle-tier school, getting a job will be hard in the present scenario, but you can manage with some efforts. They key is to be very violent in your job search and to prepare well for the interviews.
Networking is the key in the jobs process, especially if you are targeting the bigger organizations. Use alumni resources in the best likely manner. For students from lower middle-tier schools, getting a job is tricky. Being an international student, most organizations will not accept you unless you can prove you are good.
An employer has to spend a sure amount of money to process a H1 visa that is required by international students to work in the US. So, your past records should demonstrate that you would be an asset to their organization. The university you study in and your presentation in the MBA program are crucial factors for employment.
IIM Ahmedabad increased the fee from Rs 5 lakh to Rs 11.5 lakh
Planning Commission Deputy Chairman Mr. Montek Singh Ahluwalia welcomed the trek in fee by the IIMs and said that easy loans should be making easy to make education more reasonable in these institutes. Banks can you hear!!!!
“What is significant is that there should be loans. Any student that can get into IIMs should be able to finance his learning through a loan”, Ahluwalia said on the sidelines of a conference to release the report of the High-Level committee on services sector.
Ahluwalia said he was told that the institutes have also introduced generous scholarships, adding, “It is not clear to me that the government should be subsidising that (IIM) kind of education”.
The IIMs had decided to increase fees for their two-year post-graduate programmes. IIM Ahmedabad increased the fee from Rs 5 lakh for both the years of the course to Rs 11.5 lakh, while IIM Bangalore had resolute to increase the fee to Rs 9 lakh from Rs 5 lakh. IIM Kolkata had similarly decided to increase the fee to Rs 6 lakh for the entire course from Rs Rs 3.75 lakh at present and similarly IIM Kozhikode decided to increase the fee to Rs 6 lakh for the two-year programme from Rs 3.85 lakh.
Human Resource Development Minister Arjun Singh had reportedly asked IIM Ahmedabad Governing Council Chairman Vijaypat Singhania to put in plain words the ‘unwarranted tripling of the fees’.
International Business and Management Education in Spain
The phrase “faster than ever” is at present in fashion. Indeed, the idea that modify is happening “faster than ever” has become a realism that we all have to face. Rapid advancements in technology and subsequent developments in economic and business models are having a profound effect on governments, corporations and individuals. These processes have served as a catalyst for globalization, creating highly complex and rapidly evolving work environments for managers and leaders. Understanding and managing complex change on a global, regional and even local level is now a key management skill.
Management education (and particularly the MBA) played a central role in defining the emergence of management as a discipline in the 20th century. Moreover, the continuing rise in popularity of the MBA bears a direct relation to the perceived importance of good management. As the 21st century unfurls, however, the paradigms of good management are undergoing a major shift, driven by the needs of a global economy. When you begin to think about the type of MBA program you want to pursue, it is important to keep in mind the wider requirements and realities of the organizations and sectors you will enter after the program. Competing in the global economy requires distinct attributes and awareness.
It is unlikely that you would see a specific module on international business at many European business schools, because most of the schools teach nothing but international business. The teaching methodologies and experience are entirely focused on understanding business and management from a global perspective. This is because the ideologies of the European institutions are shaped by the geographic and economic diversity of Europe. The European Union now encompasses 27 countries, with widely divergent economic and social landscapes. The ease of cross border migration of labour and capital has created a fluid and diverse business environment. This situation greatly influences the focus and models of business schools in Europe.
The European model of management education centres on preparing managers for the global market. A classroom at any of the top European schools will be a highly diverse place. At IE Business school 90% of our International MBA students come from outside Spain, with around 57 nationalities from all five continents represented on the program.
Such diversity is commonplace in all the top schools in Europe. In the context of a global economy, learning from and working with such a diverse group of people is an invaluable experience. It is often said that you learn as much if not more from your fellow students than you do from your professors on an MBA program. A great deal of emphasis is placed on preparing participants to work within diverse, international teams, equipping them to manage complex cross-cultural issues through the daily interaction and challenge of a highly international environment.
Spain enjoys a distinct cultural and economic position in the European arena. The traditional clichés of fiesta and siesta (whilst very appealing and in the case of fiesta very real!) have been supplanted by a high growth economy with a strong focus on modernism and internationalization. Hence, alongside the many world famous cultural and social activities available in cities such as Madrid and Barcelona, you will find a exciting international business environment. Major Spanish companies such as Telefonica, Ferro vial and Santander have become global players, acquiring substantial positions outside their traditional markets in Spain and Latin America. In the case of companies like Inditex (the owners of the Zara brand), innovation has been at the heart of their success, redefining the industries they compete in. Spain is an exciting, creative business environment, a charming live case study of innovation, adaption and change.
This state of affairs has appreciably impacted the way we teach running at IE. One of the critical elements of managing change is the need to endorse and manage innovation. We address this through our visibly entrepreneurial approach, which is a key constituent of all our MBA programs. Entrepreneurship is an engine for economic growth, cohort of collective wealth, employment and social-being. IE was originally a start-up venture ‘founded by entrepreneurs for entrepreneurs’ and innovation lies at the core of our philosophy and programs.
IIM- Lucknow to launch 1 yr MBA Programme
The Indian Institute of Management, Lucknow, is planning to open a full time international programme in management for working professionals for a fee of Rs.10 lakhs. “The residential programme will be launched formally on Thursday. The Noida campus of the institute will host the programme,” an IIM-Lucknow lecturer told IANS, requesting anonymity.
The programme is designed for mid and senior level professionals and aims to prepare them for leadership roles. A core part of the programme is an international module of four to five weeks at the Faculty of Management, McGill University, in Canada. This international experience will give the students a viewpoint on the global business scenario and command of the industry.
The International Programme in Management for Executives (IPMX) is spread over six terms of seven weeks each, conducted over 12 months. The programme will offer specialization in money and economics, marketing plan and consulting, and operations and technology management. The Rs.10 lakh fee for IPMX includes tuition fee, cost of course material, library and computer facilities, housing and mess charges at the Noida Campus.
