JATIN BHANDARI talks about the important things that an MBA aspirant from India needs to keep in mind while applying for a B-school abroad
Could you share some figures on the number of students from India who are going to B-schools abroadIJ
Roughly 3 lakh students go abroad from India every year and believe in doing masters in Computer Sciences and MBA. Most of the top schools will have 10-15 per cent Indian students.
When considering applications, what do international B-schools see first and foremostIJ
Employability. Does the student understand what career is he looking forIJ Does he understand how the school can help him get the right jobIJ What resources of the school is he keen on exploringIJ They strongly focus on the ability of the student to build a career after MBA and the maturity of understanding.
What are the other factors that students must keep in mindIJ
Articulate your stories instead of simply stating the current affairs of your organisation. Schools are keen on knowing more about you. Be specific while narrating your roles. Consider an MBA only if you have a specific plan to fulfill those. Research and talk to people from your target schools before you jump in. Do not submit random applications.
How important is work experience when applying to an MBA schoolIJ
One should have around two to three years of work experience before considering an MBA. If one does get admitted without work experience, they are not yet ready. Working under a disciplined environment and performing under targets and pressure will make you go through a learning curve. That training is necessary before you develop a strong sense of leadership (every school will pitch that they teach leadership). You need an exposure. Working will also develop your functional expertise and team skills.
Why do so many Indians opt to go abroad instead of studying at B-schools hereIJ
The exposure to a diverse culture is a very strong reason MBA programme abroad. Applicants are also attracted to the salaries in dollars and the job experience in international markets. Higher average work experience of the international schools is another significant factor. There are not many programmes in India catering to the needs of senior working professionals, posing a serious demand supply problem.
Is there any clear edge that foreign schools have over Indian onesIJ
International exposure: You gain the ability to work with people from diverse countries.
Practical exposure: Many international programmes have more practical learning opportunities.
Senior Positions: Students graduating from top B-schools get picked up for higher positions than those graduating from India.
Global Network: International schools have a very vast global network which allows more portability across the world.
What impact does an international B-school degree have on a candidate's career in IndiaIJ
International B-school degree will not have a very significant impact on someone’s career in India. Starting salaries will be commensurate with IIMs or ISB and you will have spent four times the fee. However, if you work internationally for four to five years before relocating to India, that will give a strong kick to your career.
