Last visit was: 14 Dec 2024, 14:05 It is currently 14 Dec 2024, 14:05
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
User avatar
a11c99
Joined: 09 Feb 2010
Last visit: 04 Oct 2011
Posts: 90
Own Kudos:
Given Kudos: 14
Location: Eastern Europe
Schools:Oxford'11
Posts: 90
Kudos: 10
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
tarun
Joined: 30 Jun 2004
Last visit: 07 Mar 2011
Posts: 105
Own Kudos:
Given Kudos: 5
Location: Singapore
Posts: 105
Kudos: 101
Kudos
Add Kudos
Bookmarks
Bookmark this Post
avatar
Bergeron
Joined: 15 Mar 2010
Last visit: 01 Apr 2010
Posts: 9
Own Kudos:
Posts: 9
Kudos: 1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
avatar
libraal
Joined: 26 Oct 2011
Last visit: 12 May 2014
Posts: 47
Own Kudos:
Given Kudos: 4
Location: United Kingdom
Concentration: General Management, Organizational Behavior
GMAT 1: 710 Q47 V40
GPA: 4
GMAT 1: 710 Q47 V40
Posts: 47
Kudos: 22
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bergeron
From my research on the Internet and talking to other friends who have lived in Switzerland they say. "Good luck finding housing in Switzerland unless you are Swiss. Good luck finding employment in Switzerland." Reduction in work visas and rampant xenophobia facilitated by immigration processing at the cantonal level. Know before you go. It IS very important because racism is very high, not just a little in Switzerland. Indians are harassed regularly. This occurs weather you are on any financial status.

I think this is VERY relevant to discussing any MBA program!

IMD has a special arrangement with an estate agency in Lausanne, so finding housing is not a problem.

With regards to salary increase, it can be explained by higher starting salaries as well as the fact 70% of the students go into the industry rather than financial services or consulting. The working hours in industry tend to be lower than in finance/consulting, so one could argue that on the pay per hour basis the increase is comparable. Also, as others indicated, in several rankings, e.g. Forbes and FT, IMD ranks up in the top in terms of ROI and Value for Money.

Lausanne, for its size, is very international and I don't think IMD alums have problem with employment in Switzerland as quite a few of them do stay in Switzerland - I know a few people personally.

In terms of general management and personal development focus, I believe IMD is up there with the top 10 US schools and European schools.

The network of IMD may not be that big compared to LBS and Insead, but the quality of response I got out of the alums exceeded all of my expectations. It's not to say that alums of other schools were not responsive.

Disclaimer: admitted to IMD (as well as Cambridge and Cranfield, both with ££, waiting for LBS results tomorrow)
avatar
nevermindband
Joined: 01 Sep 2011
Last visit: 18 May 2012
Posts: 5
Own Kudos:
Posts: 5
Kudos: 5
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Hi Bergeron, May be you heard a lot of rumors from friends, what about I show you some facts...

LBS 2011 career stats:
london. edu/ assets/documents/programmes/MBA_2011_Employment_Report(2). pdf

INSEAD 2010 career stats:
mba. insead. edu/documents/MBA_EMPLOYMENT_STATISTICS. pdf

IMD 2010 career stats:
imd. org/programs/mba/careerservices/upload/Placement-results. pdf

HBS 2011 career stats:
hbs. edu/recruiting/mba/data-and-statistics/employment-statistics. html

Wharton 2011 career stats:
mbacareers. wharton. upenn. edu/statistics/ft-location-choices. cfm

Exchange rate on 3/31/12
USD/EUR: 1.3343
USD/GBP: 1.6008

IMD: $128,093 (Basic) + $23,617 (Sign-on)
Wharton (Int): $113,000 (Basic) + $33,350 (Sign-on)
HBS: $120,000 (Basic) + $20,000 (Sign-on)
Wharton (US): $120,000 (Basic) + $20,000 (Sign-on)
LBS: $112,056 (Basic) + 24,012 (Sign-on)
INSEAD: $113,415 (Basic) + $20,548 (Sign-on)

If you like percentage, go to school with higher percentage of salary increase.
If you like money, go to school with higher salary after graduate.
avatar
mazwaz
Joined: 21 Mar 2011
Last visit: 08 Oct 2014
Posts: 44
Own Kudos:
12
 []
Given Kudos: 1
Posts: 44
Kudos: 12
 []
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I think the salary comparaison is little biaised as some of the IMD graduates work in switzerland where the salary is higher than everywhere else.

It all depends on goal, I think the performance is remarkable because we have to bear in mind that 78% of IMD graduates go to industry compare to consulting or banks in other schools.
avatar
nevermindband
Joined: 01 Sep 2011
Last visit: 18 May 2012
Posts: 5
Own Kudos:
Posts: 5
Kudos: 5
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Hi Mazwaz, As you mentioned that some of IMD graduates get a job in Switzerland and therefore increased IMD's average salary. Would you please share the source for where you get this information? How many (or percentages of) IMD graduates get a job in Switzerland? It will be very helpful for this discussion since Bergeron has heavily questioned IMD's ability to place their graduate in Switzerland and suggest us to prove her argument by "Google it".

By the way, in order to prevent the average affected by extreme cases, I have already quoted the median value instead of the mean value.

Of course, we can create endless meaningless discussion by using the same logic to argue that Wharton and LBS sent their graduates to ibanks and affected their average or HBS and INSEAD graduates start their own company and affected their average.. blah blah blah... and etc...
avatar
mazwaz
Joined: 21 Mar 2011
Last visit: 08 Oct 2014
Posts: 44
Own Kudos:
Given Kudos: 1
Posts: 44
Kudos: 12
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I don't have proper percentage or number but on linkedin you can find a good number of alumni working in switzerland and I also got the same explication from an IMD alumni who told me that Insead and IMD was pretty the same in term of average salary. He told me that the difference could be explained by more graduates working in SW.

However, I can confirm that finding a job in SW is not an easy task nowadays because the swiss franc has become strong. (got this from my assessment day)
User avatar
MBAbot
User avatar
Non-Human User
Joined: 01 Oct 2013
Last visit: 01 Oct 2013
Posts: 945
Own Kudos:
Posts: 945
Kudos: 43
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Hello from the GMAT Club MBAbot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
   1   2 
Moderator:
BSchool Forum Moderator
1 posts