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Karan0912
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Choosing IESE for MBA 08 Apr 2024, 03:43
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­Hi,

I have an admit from IESE but am ruminating over the question whether to go ahead with it or not. I am a Finance Transformation consultant with 8 years of experience working with EY and Accenture and intend to work at MBBs as Strategy Consultant post MBA. 

My primary concern is the Recruitments considering the huge school fee. Although IESE Employment Reports show great numbers in the past, not sure how they would be in near future considering the pessimistic state of the world and job cuts. In this scenario, does it make sense to take the bet?

Opinions are welcome.
Thanks
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ShruthiSri
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Choosing IESE for MBA 08 Apr 2024, 04:03
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Karan0912
­Hi,

I have an admit from IESE but am ruminating over the question whether to go ahead with it or not. I am a Finance Transformation consultant with 8 years of experience working with EY and Accenture and intend to work at MBBs as Strategy Consultant post MBA. 

My primary concern is the Recruitments considering the huge school fee. Although IESE Employment Reports show great numbers in the past, not sure how they would be in near future considering the pessimistic state of the world and job cuts. In this scenario, does it make sense to take the bet?

Opinions are welcome.
Thanks
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­Hey there, 
I am just paying my commitment fee to join IESE this September

Your concerns seem valid for any B-School right now not just IESE; even some M7 graduates aren't finding jobs this year unfortunately. 

You want to go into consulting and IESE is a great school for that.
Have you checked the employment report of IESE for the country/region you want to work in and is that promising? 

Do you have admits from any better schools? 
If not, are you willing to wait another year and apply to more schools? One risk apparently is too much work experience - some admissions consultants highlight that as an outlier (basically you'd be older than the average age of the class)

Based on what you've shared, IESE is a great school to pivot into the career you're aiming for and since you have an admit for this year I'd say go for it. But not sure if I'd change my feedback after hearing the answers to the above questions
 
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MBAGuide
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Choosing IESE for MBA 08 Apr 2024, 05:45
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Karan0912
­Hi,

I have an admit from IESE but am ruminating over the question whether to go ahead with it or not. I am a Finance Transformation consultant with 8 years of experience working with EY and Accenture and intend to work at MBBs as Strategy Consultant post MBA. 

My primary concern is the Recruitments considering the huge school fee. Although IESE Employment Reports show great numbers in the past, not sure how they would be in near future considering the pessimistic state of the world and job cuts. In this scenario, does it make sense to take the bet?

Opinions are welcome.
Thanks
Show more
­Karan0912
Times are tough, but maybe you will carry this advice with you. In case you have multiple offers, go with the school that has the maximum number of folks in an area where you would want to be. Don't judge business schools by the current market, although we understand why that's important. Instead, choose the school where you see the strength of the alumni network is the strongest. If you want to get into MBB, see how IESE does in that area. No matter at what point in life, if you ever need a referral to recruit for MBB, an IESE alum will help you get this connection. If you want to be in the Middle East, see how IESE's network is doing in the ME. If at any point in life, you need to tap into the opportunities there, an IESE alum will help you with the right connections. If you ever want to start your own startup, see how IESE alums are doing in the venture capital space.

This is something we were taught at INSEAD. Judge a school's potential by how the alumn's are positioned in the industry, not by the market forces in that year. Just thought I would share it here because this advice is a gem but very often overlooked.

Best wishes
Aanchal Sahni (INSEAD MBA alum, former INSEAD MBA admissions interviewer)
Founder, MBAGuideConsulting LinkedIn |WEBSITE: https://mbaguideconsulting.com/| Message(WA): +91 9971200927| email- mbaguideconsulting@gmail.com­
 ­

 ­
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Choosing IESE for MBA 08 Apr 2024, 19:46
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Karan0912
­Hi,

I have an admit from IESE but am ruminating over the question whether to go ahead with it or not. I am a Finance Transformation consultant with 8 years of experience working with EY and Accenture and intend to work at MBBs as Strategy Consultant post MBA. 

My primary concern is the Recruitments considering the huge school fee. Although IESE Employment Reports show great numbers in the past, not sure how they would be in near future considering the pessimistic state of the world and job cuts. In this scenario, does it make sense to take the bet?

Opinions are welcome.
Thanks
Show more
@Karan0912 - You've raised an important point, which many candidates, including at M7's, are concerned about. Let me share my perspective.

In 2020, when the global market was basically shut down, there was uncertainty looming around - many lost jobs, small/ medium businesses closed, etc. Just around a year later, things took a complete turn: people were getting hikes for switching between companies. Now, around 2 years later, we're in an environment with several macro and geopolitical uncertainties e.g. inflation, wars, etc. 

If you'd joined B-school in 2019, you wouldn't have predicted (or been prepared for) what came a year later. Similarly, you couldn't have predicted the hot job market in 2021/ 2022, or the wars in 2022/ 2023. This means what you would actually need to worry about i.e. market situation when you graduate, isn't something you can predict. And by you, I mean anyone.

As a result, the best protection towards uncertainty is a strong brand, alumni network, and persistent efforts, which can help cross the near-term uncertainties. If the school's statistics include a good % of alumni in your target companies/ geographies, and you work hard (i.e. network, prepare for interviews etc.), you usually end up doing well. Make sure to speak to IESE alum in your target roles and already start building a network, which would be helpful if/ once you join. Also have a plan-B, which is something less uncertain i.e. building on your past experience. 

Hope this helps a bit.

Regards,
Arvind
Founder, admitStreet | Schedule a free chat
W: https://admitstreet.com | LinkedIn | E: consultingteam@admitstreet.com­