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Arunabh1990
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gmatophobia
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Arunabh1990
Hi guys and girls.

I'm a 31 year old guy from India working in an automobile company. I've been in this job for 10 years now and it's a good job. But lately I feel I've been stuck here too long!

I'm making a really decent salary (1.1 lakhs in hand. CTC of about 17 lakhs). The thing is I know I can do a better job than my supervisors yet the company policy doesn't allow people like me promotions till someone else above me moves on (or drop dead! :))

I've scored 750 in GMAT and am on the verge of applying for MBA in IIM. The thing I am most interested to know is,

Does someone like me with 10 years of work ex even have a shot in IIM with me narrow work experience?

And How much of a pay bump can I expect if i do manage to get in IIMA? Like I said, if I'm already making 1.1 lakhs in hand, I don't wanna spend a year, give up my job and pay 30 lakhs for an MBA just to end up earning 1.3 lakhs!

Posted from my mobile device

You have a stellar GMAT score. Congrats for the same !

If you're considering programs within India, you have the right mix of score and experience for the PGPX program. You may also want consider EPGP (IIM-B) and MBAEx (IIM-C). These are also great programs offered by the IIMs. I am sure that these programs will give you a boost to your career (both in terms of growth and pay package). The last I checked, the average domestic package for a PGPX candidate was in the upper INR 30 LPA (unofficial sources). I am not sure if IIM-A (or other IIMs) has that on the website, you might want to give it a check or connect with alumni to get that information.

Having said that, you may also want to consider some of the other programs that are designed for mid-year professionals, such as you. I have added few programs below. Additionally, one year MBA programs from T20 B-Schools is also something that you can explore, incase you're considering an abroad MBA. I agree that an MBA outside India can be very heavy on pocket (and can be risky at times), but so are the rewards :D. Of course you have the score to get into any of these programs, so why not give a try !

1) MIT Sloan Fellows
2) Standford MsX
3) USC IBear MBA
4) Foster GEMBA
5) LBS Sloan Fellows
6) Nanyang Fellows MBA
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rajtare


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Why are you not exploring mba options outside india ? Any specific reason ? i'm in the similar situation as you, so i'm asking for more details[/quote]

Hi Rajtare. Sorry for replying so late! I didn't consider universities abroad for two reasons 1) The fees and cost of living are simply beyond my means (not planning to take education loan for PGPX. thinking of using my savings) and 2) It doesn't make sense for me at this point of my personal life. (small kid, wife also working in India, mother not amenable to move to outside country if i get a job there)

So you can say I prefer to land roles in India itself hence not looking to go for MBA abroad.
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Many of my friends working abroad actually moved to India and took the pgpx iima course and successfully transitioned to management roles in India -- like operations, consulting, program management, product management etc.

Since you are in automobile industry, electric vehicles are growing rapidly in India so the need for management roles are high in this field -- so if you target that, with an iima degree more doors will open for sure -- good luck!

also look into isb pgppro program -- it is part-time so you don't have to leave your job -- but similar outcomes -- with your gmat score you can get any mba program! good luck
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hi..
I have 15 years' experience in pharma industry, m plannig to enroll for 1 year executive program at iims...
i want to know...is it possible to secure a place in any of the iims if i score gmat 650 to 700..?
will my age pose any kind of hurdle in my way of securing a seat for exexutive mba at iims...?
if these questions are answered, i will be really thankful to person...
kindly guide me for the other options as well...




regards
AngaD.
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Angad2553
hi..
I have 15 years' experience in pharma industry, m plannig to enroll for 1 year executive program at iims...
i want to know...is it possible to secure a place in any of the iims if i score gmat 650 to 700..?
will my age pose any kind of hurdle in my way of securing a seat for exexutive mba at iims...?
if these questions are answered, i will be really thankful to person...
kindly guide me for the other options as well...




regards
AngaD.

Hi Angad2553 If I am honest, a higher GMAT score increases the chances of admission.

However, diversity is an aspect that Indian B-schools value immensely, so your strong industry focus in pharma if leveraged in the right manner could earn you a favorable decision if you do well on your application and interviews. However, since you have not mentioned much about your background, it's difficult to properly assess your chances.

Happy to advise you over a candid discussion. Feel free to reach out.

Aanchal Sahni (INSEAD alum, ex admissions interviewer)
MBAGuideConsulting
LinkedIn |WEBSITE: https://mbaguideconsulting.com/ | Message: +91 9971200927| email- [email protected]