Re: HKUST 2011-2012 - Calling All Applicants
[#permalink]
20 Dec 2010, 03:59
Hi all,
As a public service, I'd like to let you all know that CEIBS has waitlisted me for consideration in the 2nd round. A decision on my application will be made no later than April 2, 2011. Did anyone else get placed in the same boat? In a way, this decision doesn't surprise me too much. It's not what I wanted but my background is very alternative. I'm absolutely certain that I would have been admitted if I'd been working at the moment, which I'm not...and haven't done for quite some time due to difficult global conditions.
But if I did have a job at the moment, I certainly wouldn't find it prudent to leave paid employment to matriculate in business school when the world is on the brink of the Greatest Depression. I'd miss out on the opportunity cost of lost salary, experience, and potential promotion. Furthermore, unless one plans to head back to one's company after completing the MBA, one would likely experience significant difficulty finding a decent job post-graduation in such a tough market as we've got looming. This will be the case in nearly all sectors. And if one were to find a job after graduation, then one would be among the first to be laid off in such a market as new hires are often the first to go
Yes, China's growth will certainly add value to the CEIBS degree and provide post-graduation opportunities. Having additional education may also help provide some job security in the tough times that are coming. I know some may be thinking that I'm being a bit cynical and paradoxical in my views toward seeking an MBA in light my negative expectations of global economic fortunes. However, what's really cynical about trying to obtain an MBA is that it's a lot like marriage...no money, no honey!
What results did the rest of you receive? I know CEIBS accepted quite a few South Asians who work at big name companies in India although these peeps don't speak a lick of Chinese and have never been to East Asia. Feel free to flare back at me...
Ciao!