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May 2208:30 AM PDT
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For many Indian MBA applicants, the default dream has long been a top US MBA. But as career goals, visa considerations, timelines, and global mobility priorities evolve, more candidates are seriously considering MBA programs in Europe.
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Register for the GMAT Club Virtual MBA Spotlight Fair – the world’s premier event for serious MBA candidates. This is your chance to hear directly from Admissions Directors at nearly every Top 30 MBA program..
18 Feb 2011, 03:43
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hi all,
I am new to this forum. I came across this forum while my search for such a wonderful resource for MBA preparation. I've some doubts which I need to clarify.
(i) What is the duration of MBA course offered through GMAT ? If it is Executive MBA, diploma, or degree ?
(ii) How much money one should have to complete course? Does scholarship/loan is easily available for course fee ?
(iii) Is it required to quit the current job to pursue the course ?
(iv) What are the job aspects (in terms of availability & compensation) once course is completed ? What is the average salary offered after completing the course ?
Please forgive me if this is not the right place to ask these questions.
Best Regards,
Raunak
I am new to this forum. I came across this forum while my search for such a wonderful resource for MBA preparation. I've some doubts which I need to clarify.
(i) What is the duration of MBA course offered through GMAT ? If it is Executive MBA, diploma, or degree ?
(ii) How much money one should have to complete course? Does scholarship/loan is easily available for course fee ?
(iii) Is it required to quit the current job to pursue the course ?
(iv) What are the job aspects (in terms of availability & compensation) once course is completed ? What is the average salary offered after completing the course ?
Please forgive me if this is not the right place to ask these questions.
Best Regards,
Raunak
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18 Feb 2011, 08:42
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Wow, I don't really know where to begin with that. Montauk's "How to Get into the Top MBA Programs" would be a good read for you.
First, the GMAT doesn't have anything to do with offering an MBA course or a degree. It's just a test that most MBA programs require for admission, sorta like the SAT or ACT for undergrad schools in the US. Better GMAT scores (along with better essays, better undergrad GPA, better work experience, etc.) are correlated with higher chances of being admitted to a top program.
A full-time MBA is two years. Executive or part-time MBAs vary from school to school but I'm not too familiar with their normal lengths.
Tuition and fees vary widely from school to school. But most top-tier schools run in the $100,000 neighborhood for a full-time, two year program. Some schools are fairly generous with need-based or merit-based scholarships and some aren't. The stronger your profile is, the more likely you are to get scholarship offers.
Yes, you will need to quit your job for a full-time MBA. If you do an EMBA or part-time (evenings and weekends) you can continue working during the program.
Job prospects and salaries also vary widely from school to school. If you go to Harvard or Stanford or another elite school, you can go into pretty much any field and location you want and expect to make around $120,000 a year for starters. A degree from the #100 school isn't going to carry much weight though, so your job prospects won't be near as bright. The two biggest fields for MBAs are probably consulting and finance, though MBAs can go into about a million different types of work after graduating.
You can find all this information on each individual school's website, along with specific stuff about program length, curriculum, focus, career placement, etc.
First, the GMAT doesn't have anything to do with offering an MBA course or a degree. It's just a test that most MBA programs require for admission, sorta like the SAT or ACT for undergrad schools in the US. Better GMAT scores (along with better essays, better undergrad GPA, better work experience, etc.) are correlated with higher chances of being admitted to a top program.
A full-time MBA is two years. Executive or part-time MBAs vary from school to school but I'm not too familiar with their normal lengths.
Tuition and fees vary widely from school to school. But most top-tier schools run in the $100,000 neighborhood for a full-time, two year program. Some schools are fairly generous with need-based or merit-based scholarships and some aren't. The stronger your profile is, the more likely you are to get scholarship offers.
Yes, you will need to quit your job for a full-time MBA. If you do an EMBA or part-time (evenings and weekends) you can continue working during the program.
Job prospects and salaries also vary widely from school to school. If you go to Harvard or Stanford or another elite school, you can go into pretty much any field and location you want and expect to make around $120,000 a year for starters. A degree from the #100 school isn't going to carry much weight though, so your job prospects won't be near as bright. The two biggest fields for MBAs are probably consulting and finance, though MBAs can go into about a million different types of work after graduating.
You can find all this information on each individual school's website, along with specific stuff about program length, curriculum, focus, career placement, etc.
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