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MBA - US or India
 

praveenchaudharyy's picture
 
Points)
 on 4/21/12 at 12:58am
MBA India or US ?

What is the current scene for Indian Students studying in (M7 +Next 8) Business Schools in US?Are they able to get good jobs after MBA ?How much role does Visa sponsoring play in final FT Recruiting for Indians there who doesn't have work permit/green card ?Is the competition tough for foreign graduates (~around 40% of the class I guess ) as the firms may have limited quota for foreign students.

I am planning on my MBA and I was shortlisting schools .I would like to know your honest opinion on this.Is it worth taking 100k + loan and apply to US MBA schools.I don't have that kind of money but I am willing to take risk if it really worth

Or

Should I get the best MBA (IIMABC/ISB) from India and get into those dream companies and work hard and get cross office transfer to US/UK/Singapore/Europe later on.The breath of good companies recruiting here would be small comparatively

Tags:
IRSPB's picture

Simple question. Do you want

 
Points)
 on 4/21/12 at 2:22am

Simple question. Do you want to live in the US or in India?
If US-> Go to American schools.
If India-> Go to Indian schools.

praveenchaudharyy's picture

IRSPB: Simple question. Do

 
Points)
 on 4/21/12 at 2:29am
IRSPB:

Simple question. Do you want to live in the US or in India?
If US-> Go to American schools.
If India-> Go to Indian schools.

I don't care actually as long as there is job satisfaction along with decent money.

IRSPB's picture

praveenchaudharyy: IRSPB: Si

 
Points)
 on 4/21/12 at 2:37am
praveenchaudharyy:
IRSPB:

Simple question. Do you want to live in the US or in India?
If US-> Go to American schools.
If India-> Go to Indian schools.

I don't care actually as long as there is job satisfaction along with decent money.

Well write GMAT. If you get above 700 you can try for top US schools/ISB where MBB recruit. Write CAT, if you convert ABC call then do IIM A/B/C.

Btw for top consulting firms/ibanks your visa status does not matter. If they like you they will sponsor your H1B. Or worst comes worst, you go work at McKinsey Mumbai office.

IRSPB's picture

Btw you would be better

 
Points)
 on 4/21/12 at 2:42am

Btw you would be better served by asking these questions at GMATclub or Pagalguy imo.

praveenchaudharyy's picture

You are correct about

 
Points)
 on 4/21/12 at 2:51am

You are correct about Gmatclub and Pagalguy but I just wanted to know this forum's view also on the topic.
But I guess WSO is all about Finance/Prestigious choices/Trolling.

valleybandar's picture

OP, -- IMHO: Anything other

O
 
Points)
 on 4/21/12 at 4:11am

OP,

-- IMHO: Anything other than H / S / W and you're better off at ISB. Only reason I say H / S / W is worst case if you don't get a job in US you can come back to India and still have a competitive advantage over someone from ISB / IIM (whether that advantage is worth the money+time spent in obtaining it is your decision to make). Other M7 schools (Chicago / Kellogg / Columbia / MIT) are considered on par with ISB / IIM in India so you won't have *any* special advantages over those grads, all you'll have is an equally respected degree bought at 4 times the cost + an extra years worth of lost income. HBS > ISB; Kellogg = ISB. This is all applicable *only* if you don't get a job and have to move back to India. ISB isn't really that well known in US so I don't think a degree from there will be particularly impressive here.

-- I'm not sure about transferring to US etc. cos honestly in this environment it seems there are more than enough Americans to do these jobs and I don't know what special advantage you (or I or anyone else from India) will bring ;) Sure there will be the occasional trip / client meeting etc. but doubt they'd bring a lot of people over from India on a consistent basis. If you absolutely want to work in US / get GC / become a US citizen then by all means get a US MBA, just don't expect it to be very useful in India.

-- Not trying to be pessimistic, just realistic. 200k is a lot of money and if you're not 100% sure about a US MBA, it could be spent on something more tangible like a house in India (which seems to only increase in value j/k ;)

-- Found an interesting thread on pagal guy related to this, it's a bit old and things have improved since then but there's some good info in there: http://www.pagalguy.com/forum/international-indian...

-- I had asked the same question a while back on this thread: http://www.wallstreetoasis.com/forums/is-attending...

There was one excellent response:

"1. It all depends on what you want to do. B-School recruiting is broken into finance, consulting, and industry. If you want to do finance or consulting, visas for internationals SHOULD NOT be an issue, at least at the top firms. I do know that in finance, there are some new legal regulations that make it harder for banks to sponsor/hire internationals but I know at the major consulting firms you should not face an issue. Industry is a totally different ball game and yes it is significantly harder to get sponsorship. Especially if you want to work at a cpg like unilever or p&g - you can just forget about it.

2. If you are keen on staying in China or India and you want to do anything but PE or start your own business, I highly recommend looking at local schools. I can speak for India. If you want to work for McKinsey in India for instance, going to Columbia, IMHO is a stupid decision. For starters, McK India primarily hires from Indian bschools and getting an interview for the Mumbai office out of Columbia would be MUCH harder than getting an interview from ISB or IIM. Second, McK India pays less than 50% of McK US so you can forget about paying back those loans. Singapore is VERY different. It pays about as much as the US and the taxes are much lower so the economics work out. Don't know much about China.

3. There is no arguing about the value of a degree from HBS, Stanford, or even Columbia. Those brands will stay on your resume for life and they will serve you well. That said, if you are Indian and want to live your life in India, ISB will get you a MUCH better bang for your buck. The recruiting is great, the alumni network is obviously very strong and the brand equity is the same as that of a Columbia (prob not HBS though)

4. Finally think about the experience you want. The class at ISB is rather monolithic while at HBS 40% is international I think. If you want a diverse experience and build a global network, you might want to consider looking at the international schools and recruiting for top finance/consulting jobs which will not be that hard to do out of the top schools and then coming back to home country 5 years later.

Hope that helps...."

Cheers

valleybandar's picture

praveenchaudharyy: But I

O
 
Points)
 on 4/21/12 at 4:25am
praveenchaudharyy:

But I guess WSO is all about Finance/Prestigious choices/Trolling.

WSO's good overall but yes it has its fair share of idiots. Don't be discouraged, there are excellent threads if you look for them and know which users to take seriously.

praveenchaudharyy's picture

Valleybandar, Thank you very

 
Points)
 on 4/21/12 at 6:05am

Valleybandar,

Thank you very much for the advice.I would keep this in mind.

Old Grand-Dad's picture

How much do you like curry?

IB
 
Points)
 on 4/21/12 at 7:42am

How much do you like curry?

praveenchaudharyy's picture

Old Grand-Dad: How much do

 
Points)
 on 4/21/12 at 8:54am
Old Grand-Dad:

How much do you like curry?

How much do you like burgers?

IlliniProgrammer's picture

IIM is an EXCELLENT school.

ST
(Almost Human, 9,197
 
Points)
 on 4/21/12 at 10:14am

IIM is an EXCELLENT school. If I couldn't get into an M7 school, or if I couldn't afford an M7 school, IIM or Oxford would be my next choices. (I am a US citizen and have no connection to India.)

NPV at an American banker's discount rate(8%) for HBS, Chicago, Stanford, or Wharton is probably a little higher than IIM, but IIM has a much higher IRR. $20K in tuition + 10K in living expenses for two years = globally recognized MBA worth hundreds of thousands.

How much do you like burgers?

Dude, in the US, it's not burgers, it's pepperoni pizza!

Work hard, play hard.

praveenchaudharyy's picture

IlliniProgrammer: IIM is an

 
Points)
 on 4/21/12 at 10:22am
IlliniProgrammer:

IIM is an EXCELLENT school. If I couldn't get into an M7 school, or if I couldn't afford an M7 school, IIM or Oxford would be my next choices.

Are you talking about 1 Year Executive programs (IIMA/C PGPEX)?BTW I always thought that you had already done your MBA.

Dude, in the US, it's not burgers, it's pepperoni pizza!

I did not know that :-p
I have been to Italy and France and I know theirs but certainly no clue about US and I always thought burgers to be their thing ..

IlliniProgrammer's picture

praveenchaudharyy: IlliniPro

ST
(Almost Human, 9,197
 
Points)
 on 4/21/12 at 10:33am
praveenchaudharyy:
IlliniProgrammer:

IIM is an EXCELLENT school. If I couldn't get into an M7 school, or if I couldn't afford an M7 school, IIM or Oxford would be my next choices.

Are you talking about 1 Year Executive programs (IIMA/C PGPEX)?BTW I always thought that you had already done your MBA.

I coulda sworn IIM had a two year traditional MBA. That would be my choice.

Regardless, I'm not sure IIM offers the same NPV as HBS, Stanford, or Chicago at an 8% discount rate, but it sure as heck offers the best value just about anywhere for MBAs.

The big question is how low is your risk premium? If you would borrow $100K to invest in the stock market, HBS is probably a better choice. If you would feel a lot better not dealing with that risk, IIM is the better choice.

Work hard, play hard.

praveenchaudharyy's picture

Quote: The big question is

 
Points)
 on 4/21/12 at 10:43am

The big question is how low is your risk premium? If you would borrow $100K to invest in the stock market, HBS is probably a better choice. If you would feel a lot better not dealing with that risk, IIM is the better choice.

To tell you frankly,I am a very risk averse person and would love to NOT take any loan for my MBA.(It would be difficult to sleep at night with 150k loan money on your head lolz) It is just that I am not entirely satisfied with my work right now (Working as an Associate at a US Niche Management consulting firm expert at sales and marketing issues in their Indian office ).The work is not top notch and I am chasing that very dream .

I guess it would be Indian MBA only for me unless I score a 780+ at GMAT when I would wait to get promoted to consultant first and then apply at reputed 1 year executive programs.

Kanon's picture

Praveen - if you haven't

O
(King Kong, 1,504
 
Points)
 on 4/21/12 at 11:09am

Praveen - if you haven't already done so, check out the AskAlex thread and ask him for his view.

Imperialian's picture

taking a loan of 200k for an

ST
(Baboon, 173
 
Points)
 on 4/21/12 at 11:54am
IRSPB's picture

praveenchaudharyy: Quote: Th

 
Points)
 on 4/21/12 at 1:22pm
praveenchaudharyy's picture

Quote: Here's one way to go

 
Points)
 on 4/21/12 at 2:20pm
praveenchaudharyy's picture

Imperialian: taking a loan of

 
Points)
 on 4/21/12 at 2:21pm
praveenchaudharyy's picture

Kanon: Praveen - if you

 
Points)
 on 4/21/12 at 2:25pm
IRSPB's picture

praveenchaudharyy: Quote: He

 
Points)
 on 4/21/12 at 3:57pm
IlliniProgrammer's picture

IRSPB: Well write GMAT. If

ST
(Almost Human, 9,197
 
Points)
 on 4/21/12 at 4:20pm

Work hard, play hard.

IRSPB's picture

^^ Well if the end goal is

 
Points)
 on 4/21/12 at 6:25pm
seedy underbelly's picture

Some other points: + for

IB
(King Kong, 1,090
 
Points)
 on 4/21/12 at 7:17pm
IlliniProgrammer's picture

IIM has the same global

ST
(Almost Human, 9,197
 
Points)
 on 4/21/12 at 9:23pm

Work hard, play hard.

praveenchaudharyy's picture

Quote: I am joining A/B/C in

 
Points)
 on 4/21/12 at 11:02pm
praveenchaudharyy's picture

IlliniProgrammer: IIM has the

 
Points)
 on 4/21/12 at 11:03pm
IRSPB's picture

praveenchaudharyy: IlliniPro

 
Points)
 on 4/22/12 at 12:01am
praveenchaudharyy's picture

^^ PMed you

 
Points)
 on 4/22/12 at 2:32am
bigshot's picture

Studying in the US will

(Chimp, 7
 
Points)
 on 4/22/12 at 1:32pm
IlliniProgrammer's picture

^^^ Yes, but studying in the

ST
(Almost Human, 9,197
 
Points)
 on 4/22/12 at 1:49pm

Work hard, play hard.

praveenchaudharyy's picture

Money is the issue otherwise

 
Points)
 on 4/23/12 at 5:23pm
IRSPB's picture

Btw I am surprised by

 
Points)
 on 4/23/12 at 6:30pm
seedy underbelly's picture

IRSPB: Btw I am surprised by

IB
(King Kong, 1,090
 
Points)
 on 4/23/12 at 7:43pm
IRSPB's picture

seedy underbelly: IRSPB: Btw

 
Points)
 on 4/23/12 at 8:47pm
valleybandar's picture

IRSPB: seedy

O
 
Points)
 on 4/24/12 at 1:49pm
captainradio's picture

Full disclosure: I made it

O
(Baboon, 115
 
Points)
 on 4/25/12 at 1:03pm
praveenchaudharyy's picture

^^ +1 on the lower IIMs. -1

 
Points)
 on 4/25/12 at 1:21pm
IRSPB's picture

I think ISB is good for

 
Points)
 on 4/25/12 at 3:41pm
IRSPB's picture

valleybandar: Graduating rank

 
Points)
 on 4/25/12 at 3:47pm
IRSPB's picture

captainradio: Full

 
Points)
 on 4/25/12 at 4:12pm
valleybandar's picture

IRSPB: No surprises here. M7

O
 
Points)
 on 4/25/12 at 4:39pm
IRSPB's picture

valleybandar: IRSPB: No

 
Points)
 on 4/25/12 at 5:18pm
valleybandar's picture

IRSPB: Which IIM did he go

O
 
Points)
 on 4/25/12 at 5:19pm
seedy underbelly's picture

IRSPB: valleybandar: IRSP

IB
(King Kong, 1,090
 
Points)
 on 4/25/12 at 5:27pm
IRSPB's picture

valleybandar: IRSPB: Which

 
Points)
 on 4/25/12 at 5:56pm
IRSPB's picture

seedy

 
Points)
 on 4/25/12 at 5:54pm
randomguy's picture

Indian MBA grad here (A/B/C)

O
(Baboon, 110
 
Points)
 on 4/26/12 at 6:20am
praveenchaudharyy's picture

^ Its ~$30k now at IIMA/B/C

 
Points)
 on 4/26/12 at 6:51am
randomguy's picture

ISB is $50K now and doesn't

O
(Baboon, 110
 
Points)
 on 4/26/12 at 9:45am

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