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

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Re: Calling all Michigan 2008 applicants... [#permalink]

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New post 16 Jan 2008, 20:14
I haven't. I am waiting for it, though!! On a side note, has anyone heard from the Tauber Institute? If you applied there that is.

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New post 16 Jan 2008, 20:16
lobo- I think you are one of the few guys who I know who has applied to TMI :) So...nopes :)

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New post 16 Jan 2008, 20:18
I haven't heard of anyone getting into Tauber, yet. I will wait until I receive the admissions binder and if I find no information, I'll e-mail the Tauber Institute Office.

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Re: Calling all Michigan 2008 applicants... [#permalink]

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New post 17 Jan 2008, 02:48
helg wrote:
R.E.D. wrote:
helg wrote:
Is this the google-group you guys are talking about? Did you sign in with your real names? I did. Dunno now if it was the right thing :lol: Still waiting approval for entering the group.

If you use your real name in your e-mail address, your real name is pretty soon discoverable via researching your profile :)


LOL :lol: True. No point in playing hide'n'seek.


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?

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Re: Calling all Michigan 2008 applicants... [#permalink]

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New post 17 Jan 2008, 02:57
branson wrote:

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.

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Re: Calling all Michigan 2008 applicants... [#permalink]

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New post 17 Jan 2008, 03:03
Have you guys read this:

Ross School Prof Hopes to Become Next Czech President
http://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! :)
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New post 17 Jan 2008, 03:21
Darden2010 wrote:
Have you guys read this:

Ross School Prof Hopes to Become Next Czech President
http://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.

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Re: Calling all Michigan 2008 applicants... [#permalink]

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New post 17 Jan 2008, 03:27
helg wrote:
Darden2010 wrote:
Have you guys read this:

Ross School Prof Hopes to Become Next Czech President
http://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.

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Re: Calling all Michigan 2008 applicants... [#permalink]

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New post 17 Jan 2008, 03:52
branson wrote:
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 :))
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Re: Calling all Michigan 2008 applicants... [#permalink]

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New post 17 Jan 2008, 04:15
Darden2010 wrote:
branson wrote:
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.

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Re: Calling all Michigan 2008 applicants... [#permalink]

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New post 17 Jan 2008, 04:21
helg wrote:
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.[/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.

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Re: Calling all Michigan 2008 applicants... [#permalink]

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New post 17 Jan 2008, 04:29
helg wrote:
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.


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
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Re: Calling all Michigan 2008 applicants... [#permalink]

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New post 17 Jan 2008, 04:34
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...
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Re: Calling all Michigan 2008 applicants... [#permalink]

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New post 17 Jan 2008, 04:40
R.E.D. wrote:
helg wrote:
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.

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).

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New post 17 Jan 2008, 04:43
Darden2010 wrote:
helg wrote:
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.


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 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.

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New post 17 Jan 2008, 04:45
R.E.D. wrote:
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.

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.

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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...

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:
http://en.wikipedia.org/wiki/Image:Worl ... icient.svg

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New post 17 Jan 2008, 04:50
helg wrote:
Darden2010 wrote:
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.

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.

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New post 17 Jan 2008, 05:00
R.E.D. wrote:

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


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!

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Re: Calling all Michigan 2008 applicants... [#permalink]

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New post 17 Jan 2008, 05:19
R.E.D. wrote:
kwam wrote:
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...

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:
http://en.wikipedia.org/wiki/Image:Worl ... icient.svg



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

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Re: Calling all Michigan 2008 applicants...   [#permalink] 17 Jan 2008, 05:19

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