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Second MBA + Age Factor

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Second MBA + Age Factor [#permalink] New post 18 Jun 2006, 02:02
Hi ,

The background:
MBA,Engg Degree in Electronics,Post MBA Exp of 6 years.Working with Fortune 500 Company in Sales.(1 1/2 years of exp with Automatic Data Capturing Company -India+ 4 1/2 years in Retail Sales

I am planning a second MBA to further my career in Marketing/Consulting.

I am considering the following B Schools :
LBS,ISB,Oxford (Not Sure).

Now I will be turning 33 yrs next year so is it a 'quality decision ' to also consider top notch US B School also.
The point that is troubling me is that I will be 35 yrs when I pass out -how good will be the job prospects.(I know this is a subjective question ,I need some pointers to finally decide on this issue).
The financial burden a Top Notch B-School (I am interested in top B Schools only) is big,hence I am not sure to commit forward.

Assumptions: Kindly make assumptions that my GMAT,Essays and other factors are good enough to get through.(I see this problem from Age (Job prospects at 35 years) and Financial burden associated with it angle 0nly)
Do you have any specific B schools in your mind that I should apply in US.

Suithink

Last edited by suithink on 11 Jul 2006, 08:34, edited 1 time in total.
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Re: Second MBA + Age Factor [#permalink] New post 19 Jun 2006, 16:42
Expert's post
suithink wrote:
Hi ,

The background:
MBA,Engg Degree in Electronics,Post MBA Exp of 6 years.Working with Fortune 500 Company(Oil PSU-India) in Sales.(1 1/2 years of exp with Automatic Data Capturing Company -India+ 4 1/2 years in Retail Sales -Oil Industry,India)

I am planning a second MBA to further my career in Marketing/Consulting.

I am considering the following B Schools :
LBS,ISB,Oxford (Not Sure).

Now I will be turning 33 yrs next year so is it a 'quality decision ' to also consider top notch US B School also.
The point that is troubling me is that I will be 35 yrs when I pass out -how good will be the job prospects.(I know this is a subjective question ,I need some pointers to finally decide on this issue).
The financial burden a Top Notch B-School (I am interested in top B Schools only) is big,hence I am not sure to commit forward.

Assumptions: Kindly make assumptions that my GMAT,Essays and other factors are good enough to get through.(I see this problem from Age (Job prospects at 35 years) and Financial burden associated with it angle 0nly)
Do you have any specific B schools in your mind that I should apply in US.

Suithink


Suithink,

Purely from an ROI standpoint, an MBA from a top U.S. program makes sense. Forbes magazine estimates that it takes only 3 years to pay off your education *including opportunity cost* at a top school. From there on out, it's pure profit. I imagine the best European schools can boast the same kind of payback.

In terms of your age, an MBA from a top U.S. school will probably convince many reticent recruiters to give you a chance. U.S. schools definitely do admit people in your age range, and they do go on to get jobs in the careers they seek. However, you fall out of the middle 80% for almost every top school, so be clear that the odds are against you as an older applicant.

The fact that you already have an MBA (however much it may be inadequate to your needs) is another obstacle facing you. You may want to consider an executive or part-time MBA, where your odds of admission are better. You could consider Kellogg, Haas, and NYU--strong marketing programs and they have part-time MBA programs.

Good luck,
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Thank u [#permalink] New post 19 Jun 2006, 17:46
Thanks for the real fast reply.You have given me enough pointers to think abt my appln process!
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Re: Thank u [#permalink] New post 21 Jun 2006, 19:46
Expert's post
suithink wrote:
Thanks for the real fast reply.You have given me enough pointers to think abt my appln process!


You're welcome; good luck.
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An after thought [#permalink] New post 25 Jun 2006, 22:44
Hi,

Can you recommend Top B Schools in US + europe (I have decided Not to go for EMBA or PT)which will match my profile .
I would like to add the following information :
Interested in a Career in Marketing/Consulting..I would look post MBA for companies in say RFID/ADC/Energy/Consulting/FMCGs/CP

Last edited by suithink on 11 Jul 2006, 08:35, edited 1 time in total.
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Re: An after thought [#permalink] New post 27 Jun 2006, 08:04
Expert's post
suithink wrote:
Hi,

Can you recommend Top B Schools in US + europe (I have decided Not to go for EMBA or PT)which will match my profile .
I would like to add the following information :
Interested in a Career in Marketing/Consulting.I have exp in automatic data capturing(ADC) + Retail exp in Oil (lubricants).I would look post MBA for companies in say RFID/ADC/Energy/Consulting/FMCGs/CP (as I have exposure to ADC+Oil retail segments).


Suithink,

Assuming you get a 700+ GMAT score and there are no major red flags in your profile, then for marketing you could consider Michigan, Duke, Indiana, ESADE, Texas Austin, and/or UNC. For consulting you could look at Berkeley Haas, UNC, Carnegie Mellon. Of the schools I've mentioned, energy industry recruiters especially favor MBAs from CMU, Michigan, Indiana, and Texas.

Good luck,
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A red Flag? [#permalink] New post 07 Jul 2006, 22:21
Can my second MBA be a red flag for campus recruitment post MBA:?
.
(1) Do I have skill set good enough to land up with a Good Job post MBA ( even though it might look odd
suithink MBA,MBA,Btech!)
(2) Do you think I am too biased in my thinking ...The adcomm and future recruitment might still find too ...'a suspect case'...Do you feel that I am trying to squeeze in a reason to do another MBA?(Which honestly I think I am not doing)

Well I am sure you will give a solid 'straight from the gut and reason' answer..
Thank You

Last edited by suithink on 11 Jul 2006, 08:36, edited 1 time in total.
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Re: A red Flag? [#permalink] New post 09 Jul 2006, 19:35
suithink wrote:
Can my second MBA be a red flag for campus recruitment post MBA:?
Some info to ponder..
I have exp in automatic data capturing(ADC) + Retail exp in Oil (lubricants).
I would look post MBA for companies in say :RFID/ADC/Energy/Consulting/FMCGs/CP
The reason why I need another MBA: The first one I did was just after my Engg Degree .It wasn't a bad decision at all.I am able to perform effectively to a greater degree.The school gave me a General Management degree.Even though this univ has been upgraded to IIT recently,the MBA exposure cannot be termed as 'world -class' and not updated one.By updated one, I mean that I did this program during 1997-99 wherein the software industry was in nascent stage.My MBA exp was not in tune with the revolution in IT,Communications etc., the teachings were based on older economy ( a world where S/W didn't rule real biG).Hence I am somewhat limited in terms of 'period' in did my MBA.
My passion is to move into Software/ADC/RFiD or energy cos in Marketing( including BD)/Consultancy for which I think a Global MBA will be 'real plus' as i can get the knowledge,skill and attitude set to do effectively(Pardon me if it smacks of MBA lingo...but I am serious.)
The first Job's value addition is summarized below:

• Complete understandings of critical business issues faced by the client and develop Automatic Data Capturing Solution (ADC) & Electronic Article Surveillance (EAS) solutions for the concerned project along with the technical personnel.
• Giving presentation /report for value analysis of the potential solution.
• Sales function involved identify the real influencers in the decision process, identify customer buying procedures and protocols early in the sales cycle.
• Implementation and follow-up of the ADC & EAS solution.
• Involved in brand building activities through representing company in exhibitions, seminars.

• Was able to give innovative ADC solution for Inventory Management, Asset Management, POS in Retail, Hardware, Healthcare, Electronics, Manufacturing.
• Managed the branch from start up, elevated as the Unit Head of the branch.
• Implemented the first RF based Loss prevention system –EAS for the company.
The Company -an ISO 9002 was almost a start-up.

The second Job...
• Responsible for the retail automotive lubricant sales in the assigned territory.
• Formulation and implementation of business plans to achieve the monthly & annual sales targets in value and volume.
• Monitoring the performance of the stockists.
• Formulation and implementation of the promotional- mix strategy.
• Meeting key retailers/OEM franchisees/fleet operators.
• Ensuring price discipline at distributor, trade and consumer levels.
• Gathering field level market intelligence and providing feedback.
• Inventory Management at Supply point and at stockist levels.
• Functional & Behavioural Training of the secondary sales force.
• Improving Brand & channel visibility by organizing meets, clinics, campaigns.
The company is Fortune 500 ,Indian MNC Oil Major,One of best employers in country...

What do you feel with this background....
(1) Do I have skill set good enough to land up with a Good Job post MBA ( even though it might look odd
suithink MBA,MBA,Btech!)
(2) Do you think I am too biased in my thinking ...The adcomm and future recruitment might still find too ...'a suspect case'...Do you feel that I am trying to squeeze in a reason to do another MBA?(Which honestly I think I am not doing)

Well I am sure you will give a solid 'straight from the gut and reason' answer..
Thank You


suithink,

I think I've reached the limit of the help I can give you in this forum, but to briefly answer your questions: (1) yes, (2) you have to come up with a very strong and compelling reason for needing the second MBA.
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