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Ask HKUST Admissions

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Official Business School Representative
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Re: Ask HKUST Admissions [#permalink] New post 31 Aug 2012, 00:38
Asia89 wrote:
Hello,

I am very interested in HKUST's MBA program but it seems to me that the program is mostly related to financial sector in terms of applicants evaluation, program curriculum and post-MBA placement. I work in Marketing as a Brand Manager and would like to know if I am right to think that it will be quite challenging not only to be accepted to the program with no work experience in finance (GMAT 620), but also to study there if accepted.

Can you please also advise if HKUST has a placement history in the marketing sector?

Thank you!


Hi Asia89,

First of all, we actually admit quite a diverse class in terms of their professional background. As you can see from our latest class profile below, only 17% of them work in accounting/finance-related roles before the MBA.

Intake 2012 class profile: http://mba.ust.hk/ftmba/studentlife/profile.htm

We believe students can learn a lot from the different perspectives of each other so we try not to include too many people with the same professional background in the class.

It is true that we have more electives in finance than the other tracks such as Marketing and Consulting. But the main reason is finance is a broad subject with different specializations while marketing is a very specific area already. Rest assured that you will still have plenty of marketing courses to choose from during the program, e.g. Brand Management, Pricing Strategy, Channel Management, Marketing in China, etc.

Around 60% of our curriculum are required courses in different areas of business from economics and finance to marketing, management and operations. So marketers won't have a particular difficult time studying the program compared with finance people since everybody will be required to study courses they are not familiar with. But you will have a harder time if your quantitative skills are not that good as some of the courses involve complex calculations.

Finance is an important industry in Hong Kong's economy and it recruits a lot of people not only into finance roles but others such as marketing, operations and IT, as well. We do have a number of graduates working in marketing after MBA, below are some of the companies they work at:

- Johnson & Johnson
- Standard Chartered
- eBay
- AXA
- IBM
- Dell
- DuPont
- FedEx
- Microsoft
- Kimberly Clark
- Emerson
- Nestle
- Google

One thing you should note is if you are coming from overseas and do not have a good understanding of Chinese, then it will be more challenging for you to get a marketing job in the Greater China region as most of them requires a good knowledge of the local market and channels.

If there is any question, just let us know.

Towni
Marketing & Admissions, MBA Programs
HKUST Business School
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Re: Ask HKUST Admissions [#permalink] New post 17 Sep 2012, 20:46
I am very interested in applying to HKUST's MBA program and want to know how the GMAT is assessed as part of the application. I currently have a score of 650 which is within the GMAT range from what I researched. However, my quantitative percentile is significantly lower than my verbal percentile (30 percentiles lower). Will this weigh down my application or will my overall score be more heavily considered. My undergraduate grades in quantitative subjects such as Accounting, Economics, and Statistics are in the above average range (B+ and A). Will this help?

Thanks in advance for the advice and I look forward to applying this year.
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Re: Ask HKUST Admissions [#permalink] New post 17 Sep 2012, 23:04
blueram wrote:
I am very interested in applying to HKUST's MBA program and want to know how the GMAT is assessed as part of the application. I currently have a score of 650 which is within the GMAT range from what I researched. However, my quantitative percentile is significantly lower than my verbal percentile (30 percentiles lower). Will this weigh down my application or will my overall score be more heavily considered. My undergraduate grades in quantitative subjects such as Accounting, Economics, and Statistics are in the above average range (B+ and A). Will this help?

Thanks in advance for the advice and I look forward to applying this year.


Hi blueram,

Thank you for your interest in our program.

Other than the overall GMAT score, the adcom will also consider the subscores. If your quantitative percentile is much lower than the verbal one, they will have some concern as some of our courses require good quantitative skills. However, if you have good grades in your undergraduate quantitative subjects, it can help. You can mention this in the additional information section in the application form so that the adcom will be aware of this.

Any questions, just let me know.

Towni
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Re: Ask HKUST Admissions [#permalink] New post 18 Sep 2012, 05:47
Hi Towni,

Thanks for the advice. Aside from my undergraduate grades, my current position is in banking so it involves a lot of quantitative work. I am also a licensed Stock Broker (series 7), which entails a rigorous 6-hour math intensive exam. Hopefully, this will help my application and boost my quantitative credentials. I also plan on taking the GMAT again to improve my quantitative score but I am not sure if I will be able to before the Round 1 Deadline.

Thanks again.
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Re: Ask HKUST Admissions [#permalink] New post 18 Sep 2012, 17:48
blueram wrote:
Hi Towni,

Thanks for the advice. Aside from my undergraduate grades, my current position is in banking so it involves a lot of quantitative work. I am also a licensed Stock Broker (series 7), which entails a rigorous 6-hour math intensive exam. Hopefully, this will help my application and boost my quantitative credentials. I also plan on taking the GMAT again to improve my quantitative score but I am not sure if I will be able to before the Round 1 Deadline.

Thanks again.


Hi blueram,

Yes, if your job already involves a lot of quantitative work, then it will be much better.

If you plan to retake GMAT again, you can still try to submit the application by the first deadline and send us the score within 30 days after the deadline. You can note in the additional information section that you will improve your quantitative score in the second test, and also inform our admissions team about your intention at applymba@ust.hk so that we will be aware of it.


Towni
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Re: Ask HKUST Admissions [#permalink] New post 29 Sep 2012, 07:21
Hi Sir,

I read that for HKUST low gmat score can be compensated by good UG score. Can you please suggest if my following combination of gmat and UG score is good enough to apply ?

GMAT: 660 (Q 50, V 29)
UG (Engineering) : 8.4/10 (Rank 4th)

I would also like to ask that whether its only UG scores that is calculated under Academic Performance or if any certifications or marks in class X & XII or anything else is also counted under Academic Performance.

Snapshot of my Profile

Male, Indian, 27 Yrs
Exp: 5.5+ Yrs
Class X: 90%
Class XII : 80%
FRM (GARP) (Level I + Level II)
CFA Level I


Regards
svnitparas
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Re: Ask HKUST Admissions [#permalink] New post 02 Oct 2012, 23:08
svnitparas wrote:
Hi Sir,

I read that for HKUST low gmat score can be compensated by good UG score. Can you please suggest if my following combination of gmat and UG score is good enough to apply ?

GMAT: 660 (Q 50, V 29)
UG (Engineering) : 8.4/10 (Rank 4th)

I would also like to ask that whether its only UG scores that is calculated under Academic Performance or if any certifications or marks in class X & XII or anything else is also counted under Academic Performance.

Snapshot of my Profile

Male, Indian, 27 Yrs
Exp: 5.5+ Yrs
Class X: 90%
Class XII : 80%
FRM (GARP) (Level I + Level II)
CFA Level I


Regards
svnitparas


Hi svnitparas,

When we say a higher GMAT score can help with a weaker undergraduate performance or vice versa, it is more in a relative term. FYR, the typical range of our current class is 610-730 so a score of 660 is around the middle. You can always apply with these scores but it is difficult for us to tell whether they are good enough to apply as academic performance is just one of the areas the adcom looks into. Your work experience, previous exposure, career plans, essays, work references, etc. will all be taken into account when we do the shortlisting. Even for those who have great academic performance, they can still be rejected if the other areas are not impressive.

For academic performance, we only looks at GMAT and your undergraduate performance (scores and the reputation of your university). You can also put in professional qualifications e.g. CFA or postgraduate degree for our reference.

If there is any question, just let us know.

Towni
Marketing & Admissions, MBA Programs
HKUST Business School
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Re: Ask HKUST Admissions [#permalink] New post 06 Oct 2012, 11:44
Hi Towni,

I am looking for a consulting career in the Financial services space post an MBA. Can you please throw some light on career prospects in this domain post an HKUST MBA?

Thanks.
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Re: Ask HKUST Admissions [#permalink] New post 07 Oct 2012, 21:19
amritd wrote:
Hi Towni,

I am looking for a consulting career in the Financial services space post an MBA. Can you please throw some light on career prospects in this domain post an HKUST MBA?

Thanks.


Hi amritd,

Many consulting firms have a division which offers consulting services to financial services providers. Some of them such as Deloitte, Accenture, Monitor Group, ZS Associates, Value Partners Management and even McKinsey have been recruiting our graduates in recent years.

Towni
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Re: Ask HKUST Admissions [#permalink] New post 15 Oct 2012, 07:00
Hello Sir,

Can you please throw some light upon career prospects in Business Analyst Pofiles in Investment Banking post MBA from HKUST ? Does leading financial services companies recruit from HKUST mainly for core finance profile ?

Regards
OM
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Re: Ask HKUST Admissions [#permalink] New post 15 Oct 2012, 19:26
Om123 wrote:
Hello Sir,

Can you please throw some light upon career prospects in Business Analyst Pofiles in Investment Banking post MBA from HKUST ? Does leading financial services companies recruit from HKUST mainly for core finance profile ?

Regards
OM


Hi OM,

Financial services companies recruit graduates from HKUST MBA into all kinds of positions. Purely finance roles are of course a major part of them. But our graduates are also recruited as business analysts, or into sales & accounts management, general management, marketing, operations, etc.

Financial institutions who have employed our graduates for business analyst positions include JP Morgan, HSBC, DBS, Bank of China, Merrill Lynch, Standard Chartered, etc.

Let me know if there is any other question.

Towni
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Re: Ask HKUST Admissions [#permalink] New post 20 Oct 2012, 23:41
hi

i am in Merchant navy
INDIAN
work ex-4 years(including 1 year of paid internship)
CGPA- 4.0

GMAT -620(3rd attempt) (quant:49,verbal:25)

every semester scholarship holder in college.
Many professional achievements.
Decent extra curricular.

what are my chances in HKUST for selection.
i am thinking of applying in 1st round for class of 2013.

please suggest
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Re: Ask HKUST Admissions [#permalink] New post 21 Oct 2012, 20:19
700mirage wrote:
hi

i am in Merchant navy
INDIAN
work ex-4 years(including 1 year of paid internship)
CGPA- 4.0

GMAT -620(3rd attempt) (quant:49,verbal:25)

every semester scholarship holder in college.
Many professional achievements.
Decent extra curricular.

what are my chances in HKUST for selection.
i am thinking of applying in 1st round for class of 2013.

please suggest


Hi 700mirage,

Thanks for your interest in our program. I am afraid it is difficult for us to comment on your chances based on several facts since we take into consideration a range of criteria when we make the admissions decision, including your international exposure, leadership/teamwork experience, soft skills, work references, career aspiration and readiness, etc.

You can take a look at our typical class profile to get a feel of the students we admit: http://mba.ust.hk/ftmba/studentlife/profile.htm

Your GMAT of 620 is near the lower end of our typical GMAT range so it may be quite competitive for you to apply with that score unless you shine in other areas.

Any questions, just let us know.

Towni
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Re: Ask HKUST Admissions [#permalink] New post 23 Oct 2012, 00:58
Hi HKUST MBA ,
I work in venture debt and i am interested in the 16month MBA program . I plan to apply to R1
I looked at your electives and there are a lot of courses in VC and PE that interest me .
Can you talk about the placements in PE and VC . I see that there is no breakdown of the finance jobs into PE/ VC etc.
Also can you talk about the intership opportunities in PE , VC and related experential learning opportunities at HKUST

Thanks
Kapil
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Re: Ask HKUST Admissions [#permalink] New post 23 Oct 2012, 22:46
hkustmba wrote:
700mirage wrote:
hi

i am in Merchant navy
INDIAN
work ex-4 years(including 1 year of paid internship)
CGPA- 4.0

GMAT -620(3rd attempt) (quant:49,verbal:25)

every semester scholarship holder in college.
Many professional achievements.
Decent extra curricular.

what are my chances in HKUST for selection.
i am thinking of applying in 1st round for class of 2013.

please suggest


Hi 700mirage,

Thanks for your interest in our program. I am afraid it is difficult for us to comment on your chances based on several facts since we take into consideration a range of criteria when we make the admissions decision, including your international exposure, leadership/teamwork experience, soft skills, work references, career aspiration and readiness, etc.

You can take a look at our typical class profile to get a feel of the students we admit: http://mba.ust.hk/ftmba/studentlife/profile.htm

Your GMAT of 620 is near the lower end of our typical GMAT range so it may be quite competitive for you to apply with that score unless you shine in other areas.

Any questions, just let us know.

Towni
Marketing & Admissions
MBA Programs
HKUST Business School


hi

thanks for the reply

10th :86%(science)
12th:80%(science)
CGPA:4.0/4.0

i was scholarship holder in every semester for academic performance.
i was nominated for the GOLD medal in college for academic performance.
i have an international exposure and work experience in international market.
i have worked with several nationalities(about 10 nationalities).
i have worked always with a team of 3 members in every work on ship and i being the leader and the members of my team used to be changing every week.
i have also worked in NGO for 2 years.
i have good letter of recommendations.
i have my own plans to start my own venture.

i also have decent extra curricular .

can you please tell me whether my low gmat score can be compensated by my CGPA ??
whether should i apply with this score or not ?

thanks in advance
Official Business School Representative
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Joined: 09 Aug 2011
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Re: Ask HKUST Admissions [#permalink] New post 25 Oct 2012, 01:01
kapilhede17 wrote:
Hi HKUST MBA ,
I work in venture debt and i am interested in the 16month MBA program . I plan to apply to R1
I looked at your electives and there are a lot of courses in VC and PE that interest me .
Can you talk about the placements in PE and VC . I see that there is no breakdown of the finance jobs into PE/ VC etc.
Also can you talk about the intership opportunities in PE , VC and related experential learning opportunities at HKUST

Thanks
Kapil


Hi Kapil,

In 2011, 12% of our graduates found a job in the private equity/investment management sector. Some of the firms include: Azure Partners, Riverside Asia Partners, CITIC Bank International, AEA Investors (Germany), CDIB Capital International Corporation, BEA Union Investment, UCF Capital, Alliance Development Group, etc.

For a list of internship recruiters, you can refer to our detailed career report here: http://mba.ust.hk/ftmba/career/highlight2011.html

Our career office has organized some industry sharing/networking sessions with seasoned professionals in PE/VC for students to learn more about the industry trends and market situation. The guests included the Head of Fund Administration Services at KCS which provides accounting and governance platforms on an outsourced basis for private equity firms and Managing Director with InvestorAB's Asian venture capital group based in Hong Kong, the Co-Founder and Managing Partner at Apices Partners, a Private Equity Firm focusing on late-stage small to medium-sized enterprises in Asia with a focus on Greater China, etc.

The professor who teaches our students "Venture Capital and Private Equity" was the former GM - Investments of Hutchison Whampoa, working for the richest Chinese in the world. He has experience supervising a US$500 million venture capital fund, investing in China and U.S. and has raised more than $8 billion for investment projects in Asia. Students will be able to learn a lot about the skills, mindset and tricks required to handle the work in this business from his own industry experience.

Towni
Marketing & Admissions
MBA Programs
HKUST Business School
Official Business School Representative
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Re: Ask HKUST Admissions [#permalink] New post 25 Oct 2012, 01:08
700mirage wrote:
hkustmba wrote:
700mirage wrote:
hi

i am in Merchant navy
INDIAN
work ex-4 years(including 1 year of paid internship)
CGPA- 4.0

GMAT -620(3rd attempt) (quant:49,verbal:25)

every semester scholarship holder in college.
Many professional achievements.
Decent extra curricular.

what are my chances in HKUST for selection.
i am thinking of applying in 1st round for class of 2013.

please suggest


Hi 700mirage,

Thanks for your interest in our program. I am afraid it is difficult for us to comment on your chances based on several facts since we take into consideration a range of criteria when we make the admissions decision, including your international exposure, leadership/teamwork experience, soft skills, work references, career aspiration and readiness, etc.

You can take a look at our typical class profile to get a feel of the students we admit: http://mba.ust.hk/ftmba/studentlife/profile.htm

Your GMAT of 620 is near the lower end of our typical GMAT range so it may be quite competitive for you to apply with that score unless you shine in other areas.

Any questions, just let us know.

Towni
Marketing & Admissions
MBA Programs
HKUST Business School


hi

thanks for the reply

10th :86%(science)
12th:80%(science)
CGPA:4.0/4.0

i was scholarship holder in every semester for academic performance.
i was nominated for the GOLD medal in college for academic performance.
i have an international exposure and work experience in international market.
i have worked with several nationalities(about 10 nationalities).
i have worked always with a team of 3 members in every work on ship and i being the leader and the members of my team used to be changing every week.
i have also worked in NGO for 2 years.
i have good letter of recommendations.
i have my own plans to start my own venture.

i also have decent extra curricular .

can you please tell me whether my low gmat score can be compensated by my CGPA ??
whether should i apply with this score or not ?

thanks in advance


It is difficult to say exactly whether your undergraduate performance can compensate your GMAT score as the admissions decision is based on different areas, not just your academic performance. Since it is your third attempt already, you can try to apply with this score first and put more focus on other areas, e.g. the essays.

Towni
Marketing & Admissions
MBA Programs
HKUST Business School
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Concentration: Strategy, Finance
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Re: Ask HKUST Admissions [#permalink] New post 26 Oct 2012, 23:14
Hey,

Good to see an active discussion here.

1. Scholarship @ HKUST: Can you please elaborate on the Scholarship options available at HKUST (if possible, specifically for Indian graduates)

2. HKUST being in HK is exposed to the Financial services industry. However, I'd like to understand the options for folks looking at Management consulting as a career option at HKUST. Is there an ecosystem to help the students secure jobs at the top management consulting firms. If you could, can you please provide the numbers hired in the recent years at the top management consulting firms.

Cheers !!
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Re: Ask HKUST Admissions [#permalink] New post 28 Oct 2012, 23:50
mvikred wrote:
Hey,

Good to see an active discussion here.

1. Scholarship @ HKUST: Can you please elaborate on the Scholarship options available at HKUST (if possible, specifically for Indian graduates)

2. HKUST being in HK is exposed to the Financial services industry. However, I'd like to understand the options for folks looking at Management consulting as a career option at HKUST. Is there an ecosystem to help the students secure jobs at the top management consulting firms. If you could, can you please provide the numbers hired in the recent years at the top management consulting firms.

Cheers !!


Hi mvikred,

Here are the major scholarships (and available for Indian candidates/students):

1. Merit scholarship (top 10-20% of admitted candidates): HKD60,000-125,000
2. Need based grant (candidates with financial need): HKD60,000-150,000
3. Scholarship for Asians with international exposure (Asian candidates with 2+ years of work experience/studies overseas): HKD125,000
4. Outstanding Leadership Award (students with exceptional leadership potential and contribution to the program during MBA): HKD300,000

For the full list, you can visit our website here: http://mba.ust.hk/ftmba/admissions/financialaid.htm

FYI, our tuition fee for intake 2013 is HKD545,000.

We help students get into consulting industry through several ways:
1. Consulting track electives taught by actual consultants e.g. a current Director at Bain or a former Manager at McKinsey - teach students how to think and work like a consultant
2. Consulting Club run by students - provide skill training workshops delivered by students who are consultants or external consultants invited to school
3. Enhancing Professional Skills training - an intensive program which aims to boost students' presentation, case analysis, teamwork and problem solving skills. After finishing the training, students can form teams to participate in overseas case competitions and compete against other schools in front of global judge panel formed by top business leaders. This can help them to build up their competence and confidence when they work with clients in the future as a consultant
4. Our career office organizes corporate events/recruitment talks/executives meetings with consulting firms e.g. Deloitte Consulting, Gallup Consulting, Siemens Management Consulting - get students connected with industry people and introduce job opportunities to students
4. 12% of our graduates last year are recruited into consulting roles. The management consulting firms recruiting in these two years include: McKinsey, IBM Consulting, Value Partners Management Consulting, ZS Associates, Deloitte Consulting, Boston Consulting Group, etc.

Any questions, just let us know.

Towni
Marketing & Admissions, MBA Programs
HKUST Business School
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Re: Ask HKUST Admissions [#permalink] New post 29 Oct 2012, 00:04
Thanks a lot for the response, it was helpful.

Can you shed some light on the most recent placement statistics. And is the placement any different for Indian applicants?

Regards

mvikred

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