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Jul 1108:30 AM EDT
-09:30 AM EDT
Get the inside scoop on what makes Emory’s Goizueta Business School great and how you can present a strong MBA application. Explore the difference between our One-Year MBA and Two-Year MBA programs, talk to our admissions team, and meet students.
Jul 1211:00 AM IST
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We’re hosting an ISB Alumni & Student Panel Webinar, where current students and alums will talk candidly about: - Their ISB experience - Favorite classes and professors
Jul 1410:00 AM PDT
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Weekly Q&A designed to help you move forward with confidence during your MBA application journey. Click link to learn more and join
Jul 1508:00 PM PDT
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Inquire for a free profile evaluation and guarantee statement for possible admits and scholarships!
Jul 1608:00 AM PDT
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Meet Tuck at an informal student or staff-hosted coffee chat in a city near you!
Jul 1710:00 AM EDT
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Booth looks at how you think, grow, and lead. Understanding their lens is critical if you want your application to resonate with the admissions committee. Join Susan , Founder of Sia Admissions, for a live strategy session
Jul 1910:00 AM PDT
-11:00 AM PDT
The old MBA recruiting playbook is dead. Here’s how top admits are getting ahead this summer.
11 Jan 2013, 02:04
Kudos
Bookmarks
Hi I am an Indian thinking about doing MBA in US . I have a few questions which are making me kind of tense . Can you please help me answer them .
What is the current scene for Indian Students studying in (M7 +Next 8) Business Schools in US?Are they able to get good jobs after MBA ?How much role does Visa sponsoring play in final FT Recruiting for Indians there who doesn't have work permit/green card ?Is the competition tough for foreign graduates (~around 40% of the class I guess ) as the firms may have limited quota for foreign students.
How are the job prospects for MBA graduates in the current market ?(for foriegn students especially )
I am planning on my MBA and I was shortlisting schools .I would like to know your honest opinion on this.Is it worth taking 100k + loan and apply to US MBA schools.I don't have that kind of money but I am willing to take risk if it really worth?
and approximately in How much time an average MBA graduate is able to repay that loan .
THANKS for your help answers in advance
What is the current scene for Indian Students studying in (M7 +Next 8) Business Schools in US?Are they able to get good jobs after MBA ?How much role does Visa sponsoring play in final FT Recruiting for Indians there who doesn't have work permit/green card ?Is the competition tough for foreign graduates (~around 40% of the class I guess ) as the firms may have limited quota for foreign students.
How are the job prospects for MBA graduates in the current market ?(for foriegn students especially )
I am planning on my MBA and I was shortlisting schools .I would like to know your honest opinion on this.Is it worth taking 100k + loan and apply to US MBA schools.I don't have that kind of money but I am willing to take risk if it really worth?
and approximately in How much time an average MBA graduate is able to repay that loan .
THANKS for your help answers in advance
29 Jan 2013, 12:53
Kudos
Bookmarks
Disclaimer: I'm a US citizen.
Yes, it is worth it.
Specifically, an MBA is totally worth it in terms of the opportunity cost of two years of your life, opening up the American market (basically giving you two years to job search in the US), and the life-long professional benefits. Now, taking $100k (in tuition) + $40-$100k (in living expenses) to pay for it --- that is harder to say it is worth it. I could build a model determining earning power over your lifetime that would probably still come out ahead if you had even with $200k of debt at the end, but I think also over-leveraging yourself to that degree even for an MBA is just stupid. Scholarship can and should be a large factor. Money and location matter because even if you have a significant scholarship, the cost of living can drive up your debt, but you also don't want to be living in podunk-USA without any local opportunities.
My rule of thumb is to keep debt below one year's salary. After you apply and receive offers, compare the total debt you'd take on (tuition+living expenses) to your likely first year salary, say it's $90k-$100, and evaluate if it's "worth it" from that. Even at the absolute top schools, partial scholarships are given, but in all honestly, I've seen that only with very unique international applicants, and unfortunately Indian/male is not unique.
In terms of opportunity - I can only speak anecdotally --- It seems that international candidates definitely took a hit 2008/2009. Judging by my alums, some had to go back to their home countries (albeit they still good jobs). However I knew at least one 09 alum that got sponsored here by tapping into a personal contact.
In recent years, things seem much less dark for US or international candidates. In my small class of 120, we've had one Indian/male secure an internship in investment banking (had two offers at BB), and another is in the final round of interviews at two consulting firms. Other Indian/Chinese/male/female that I know are interviewing for corporate finance positions at Fortune 500 companies. I can think of several 2nd year international students that have secured their FT offers (another IB BB), and I'm sure many more have secured offers I'm not aware of. There are still a lot of firms that do not sponsor, so in some ways it's still an up-hill battle, but chances are if you were able to make it here from India (which I believe is even more competitive for admissions, than what most of US citizens face), you are already an exceptional candidate. Some firm somewhere will hire/sponsor you. It may not be your ideal job starting right out of school. But getting the sponsorship and your feet on the ground so you can network, make connections, and move on to something better after a few years is still very valuable and "worth it". You'll still have amazing career opportunities open up over the long run. FYI - interpersonal skills will still play a large role so having experience adapting/working with different cultures is important.
For example, in the Rice 2012 class , the international job placement is at about 92% and I think all in the US. https://business.rice.edu/uploadedFiles/ ... istics.pdf
Good luck.
Yes, it is worth it.
Specifically, an MBA is totally worth it in terms of the opportunity cost of two years of your life, opening up the American market (basically giving you two years to job search in the US), and the life-long professional benefits. Now, taking $100k (in tuition) + $40-$100k (in living expenses) to pay for it --- that is harder to say it is worth it. I could build a model determining earning power over your lifetime that would probably still come out ahead if you had even with $200k of debt at the end, but I think also over-leveraging yourself to that degree even for an MBA is just stupid. Scholarship can and should be a large factor. Money and location matter because even if you have a significant scholarship, the cost of living can drive up your debt, but you also don't want to be living in podunk-USA without any local opportunities.
My rule of thumb is to keep debt below one year's salary. After you apply and receive offers, compare the total debt you'd take on (tuition+living expenses) to your likely first year salary, say it's $90k-$100, and evaluate if it's "worth it" from that. Even at the absolute top schools, partial scholarships are given, but in all honestly, I've seen that only with very unique international applicants, and unfortunately Indian/male is not unique.
In terms of opportunity - I can only speak anecdotally --- It seems that international candidates definitely took a hit 2008/2009. Judging by my alums, some had to go back to their home countries (albeit they still good jobs). However I knew at least one 09 alum that got sponsored here by tapping into a personal contact.
In recent years, things seem much less dark for US or international candidates. In my small class of 120, we've had one Indian/male secure an internship in investment banking (had two offers at BB), and another is in the final round of interviews at two consulting firms. Other Indian/Chinese/male/female that I know are interviewing for corporate finance positions at Fortune 500 companies. I can think of several 2nd year international students that have secured their FT offers (another IB BB), and I'm sure many more have secured offers I'm not aware of. There are still a lot of firms that do not sponsor, so in some ways it's still an up-hill battle, but chances are if you were able to make it here from India (which I believe is even more competitive for admissions, than what most of US citizens face), you are already an exceptional candidate. Some firm somewhere will hire/sponsor you. It may not be your ideal job starting right out of school. But getting the sponsorship and your feet on the ground so you can network, make connections, and move on to something better after a few years is still very valuable and "worth it". You'll still have amazing career opportunities open up over the long run. FYI - interpersonal skills will still play a large role so having experience adapting/working with different cultures is important.
For example, in the Rice 2012 class , the international job placement is at about 92% and I think all in the US. https://business.rice.edu/uploadedFiles/ ... istics.pdf
Good luck.
05 Feb 2013, 23:00
Kudos
Bookmarks
Hey thnx a lot for your reply and motivation .
