Calling all [[Michigan (Ross)]] 2008 applicants...

I got an invite, and then signed up with my existing google account (which is not the email I used for my app).

Since then, nothing. What am I doing wrong there?

Your access must first be confirmed by a group owner, located in the U.S., so I think you will get access to the group somewhere in the afternoon today.

Have you guys read this:

Ross School Prof Hopes to Become Next Czech President
https://www.bus.umich.edu/NewsRoom/Artic ... s_id=11711

So if anybody from Ross wants to work in Czech Republic post MBA I think you will have a wide open door to the labor market over there if a Ross profesor becomes president of the country!

Interesting. And it's not long to see, whether he is victorious or not - a bit over 3 weeks.
Czech Rep is a nice country to live in (Shengen state, comparatively low cost of living, rich cuture and history, good beers), however I do not know whether the employment market there is very good.

It's getting better, but you wont be able to repay your MBA loans (should there be any) with the wages over there.

yeah true, I just checked and the average salary in 2010 is expected to be USD 17K )

On the other hand, current average salary in Russia in only $6.7K per year ($11.3K in Moscow city), however recent MBA's from top b-schools working in Russia have no problems repaying their loans. That's because there's a huge salary differentiation.

On the other hand, current average salary in Russia in only $6.7K per year ($11.3K in Moscow city), however recent MBA's from top b-schools working in Russia have no problems repaying their loans. That's because there's a huge salary differentiation.[/quote]
I think that Czech Republic has less wage differentiation than Russia does. Czech Republic doesn't have any oil, gas, large enterprises except Skoda (Volkswagen) and even the latter stays in a competitive low-margin market that doesn't opt for a high salary inside this country.

WOW the avg. salary in Moscow is USD 11.3 K ?!?!?!?! Isn't Moscow one of the most expensive cities in the world? How do people survive there with such high expenses and such low salaries?

Some people from my company go to Moscow for one-month exchanges and they get allowances of 100 EUR per day plus they have accomodation paid for and they still complain that they can hardly make ends meet. So how do normal people survive financialy in Moscow

The same thing happens in Brazil, although the average salary is even below that of Russia, Consultants, I-Bankers and Management positions pays almost the same as in US, and with a lower cost of living one has a financial condition even better than one would in US (just financially speaking, and right after the MBA).

We shouldn't look at country average salary without the standard deviation , and in those countries the STDEVs are very big...

I think that Czech Republic has less wage differentiation than Russia does. Czech Republic doesn't have any oil, gas, large enterprises except Skoda (Volkswagen) and even the latter stays in a competitive low-margin market that doesn't opt for a high salary inside this country.[/quote]
This is called Gini coefficient - the closer it is to 100, the less equally income is distributed in a country. For Czech Republic this coefficient equals 27.3, that is the bottom part of the list, for Russia - 40 (CIA World Factbook, 2003).

THE most expensive However, the way they calculate it is funny. Basically, they see, how much does it cost for an expat in Moscow to continue the same living style as in his/her home country. Naturally, locals always opt for less expensive housing, food, entertainment, etc., then expats, who have most of the expences compensated by a company anyways. Even in my company, apartments rented for my foreign colleagues are 5-10 times more expensive, than apartments owned or rented by my Russian colleagues. Same goes for food for example - foreigners will buy it in the high-end supermarkets in the downtown, while Russians would go for cheaper cash'n'carries, etc.

This is called Gini coefficient - the closer it is to 100, the less equally income is distributed in a country. For Czech Republic this coefficient equals 27.3, that is the bottom part of the list, for Russia - 40 (CIA World Factbook, 2003).[/quote]

That's true. However, I do not think that salary in the Prague McKinsey office is much different from salary in the Moscow office.

All Latin America has very extremely distributed income, just think about Copa Cabana and favelas in couple of kilometers away. Kwam, you know Brazil, maybe you could have fun of our office quiz Last winter we made a deal with our Business Manager for a bottle of good whiskey, if we answer his question: Everybody knows statue Cristo Redendor in Rio. But there are four statues of this kind and all of them except one are oriented towards one place and the last is oriented other side. Where are all these statues located? Oh, I googled all the evening and found some trails of the fifth one

The colored map of income inequality in the world is here:
https://en.wikipedia.org/wiki/Image:Worl ... icient.svg

I would say that comparing to other cities in Russia food (when you go to Auchan/Ramstor), clothes, electronic, home appliances are cheaper and all the services (rent, restaurants, concerts, transport, fitness) are quite expensive. And certainly, as helg noted, it depends on the life-style and ability to find a better deal, knowing why something is cheaper at some place.

Interesting map! Kudos to you!
Interesting - both Australia and Afghanistan are green, but for the different reason's of course. And GREENland is oh-so-green!

Never heard about that, I know that Lisbon has another one, not sure about the direction. Will research this night...

Kudos for the map