DuaQuad wrote:
Hey everyone, sharing here that I've removed myself from the waitlist and will reapply in the coming years. This was a super hard decision
so have taken a long time to think about it and talked to peers and mentors who've taken MBAs and had great experiences. Thought it would be worth sharing here my conclusions from their notes too in case helpful for your thought process:
1. While the 10-month MBA of INSEAD was advantageous for those who couldn't afford to be out of work for the 2-year American MBAs, it's now not so advantageous because that means it's likely that INSEAD's MBA will be mostly online at this rate, and we won't get to do the campus exchange - which, from what alumni and mentors who've done MBAs said, is such a key aspect of the whole MBA experience (networking) - a dealbreaker, even. Not sure how you build that camaraderie through Zoom in the same way. I would hate to have graduated 21D having paid the full 90K fees in debt and then see future cohorts take in the better, fuller experience.
2. Graduating into a recession - again, the shorter MBA disadvantage. While in an economic crisis they say it's wise to head into education and ride out the recession, a shortened MBA doesn't give you this same coverage. Some mentors said if you are lucky to be in employment, buckle down, stay in because you don't know when you'll get back in. There are new INSEAD graduates who are apparently still job hunting or who's internship contracts fell through. I don't want to graduate into a recession (and this is going to be an interesting one - it definitely will not be over by December next year).
Whereas American MBA graduates starting at the same time have two years to ride out into a hopefully more stable economy.
3. The value piece really got to me in the end. Paying the same amount for an undeniably weaker MBA. I decided in my personal circumstances, I was willing to wait to get my money's worth.
I hope these notes have helped you guys! I'm gutted but looking forward to reopening the file again soon!
That's such a hard decision, but I think you made the right choice.
**Disclaimer: this is what I think will happen, my own opinion from what I am seeing.
I predict the final admit for 21D will be around 600, and the admission committee will want a good number of them to differ, bringing the number down to 500-ish. I don't believe they will have a larger class than 500. The faculty has already committed to teaching the same class multiple times in order to provide students an in-person experience.
They are keeping people on the waitlist in case the number goes below 500, but I don't think this will happen. On top of that, INSEAD doesn't recommend reapplication.
However, that being said, I don't agree with the "weaker MBA" I think an MBA is as good as you make it, and doing it during uncertain times teaches you a completely different set of skills that can be highly useful for your future careers.
Best of luck!