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Rohan_Kanungo
Joined: 10 Dec 2013
Last visit: 07 Nov 2016
Posts: 14
Own Kudos:
Given Kudos: 7
Location: India
Concentration: Technology, Strategy
Schools: ISB '16 (S)
GMAT 1: 710 Q48 V38
GPA: 3.9
WE:Consulting (Consulting)
02 Jun 2014, 02:22
Kudos
Bookmarks
Hi,
I am an IIM (Indian IT Male) but not the usual one i.e. I am not a hard core IT guy rather I work as IT Consultant in an Indian IT firm.
Can I please request a profile evaluation for myself. Below are the key details
GMAT:- 710 (Q48/V38, IR 7 and AWA 5.5)
Grad:- 76.25% (Bachelor of engineering - Elec and comm)
12th Grade:- 69%
10th Grade:- 77.2%
Current Job exp:- 5.5 years
Job profile:- Business process consultant in one of the largest Indian IT firm. Job includes constant client interaction and considerable amount of international exposure with teams working across the globe in countries like UK, India, China and Sri Lanka
Extra Curricular:- Have been part of theater groups in school and college. Written and directed several satires at college level. Currently part of the in-house theater group in the organisation where I am working, involved in writing and directing various street plays centered around social issues
Have won various inter-collegiate quiz competitions
In choosing an MBA program I have few constraints which I am listing down as below
1. Financial - I would be financing my studies by my own saved money and bank loan hence I cannot go beyond 350K INR which comes out to be around $58K.
2. Duration - I would not be able to afford a break from my job longer than that of 1 year
3. Geography - I am a bit wary of countries like UK where it gets really tough to search for a job as the time permitted by visa norms is very less for international students and the competition is really tough
4. Intake - I would be able to make for the 2015 intake only as I need to save up a good amount of money before I take off for an MBA
With the above constraints(and talking to local MBA consultant) I have come up with few options
1. India - ISB and the IIMs
2. Singapore - NTU, SMU and NUS (I feel these colleges are bit out of bound for a profile like me )
3. Ireland - UCD and Trinity
4. New Zealand - University of Auckland
I need to understand whether the choices that I have listed down are a viable option for me or not. Also I need to know if there are any other options that I can think of. Can someone please help me with this.
Many thanks in anticipation
I am an IIM (Indian IT Male) but not the usual one i.e. I am not a hard core IT guy rather I work as IT Consultant in an Indian IT firm.
Can I please request a profile evaluation for myself. Below are the key details
GMAT:- 710 (Q48/V38, IR 7 and AWA 5.5)
Grad:- 76.25% (Bachelor of engineering - Elec and comm)
12th Grade:- 69%
10th Grade:- 77.2%
Current Job exp:- 5.5 years
Job profile:- Business process consultant in one of the largest Indian IT firm. Job includes constant client interaction and considerable amount of international exposure with teams working across the globe in countries like UK, India, China and Sri Lanka
Extra Curricular:- Have been part of theater groups in school and college. Written and directed several satires at college level. Currently part of the in-house theater group in the organisation where I am working, involved in writing and directing various street plays centered around social issues
Have won various inter-collegiate quiz competitions
In choosing an MBA program I have few constraints which I am listing down as below
1. Financial - I would be financing my studies by my own saved money and bank loan hence I cannot go beyond 350K INR which comes out to be around $58K.
2. Duration - I would not be able to afford a break from my job longer than that of 1 year
3. Geography - I am a bit wary of countries like UK where it gets really tough to search for a job as the time permitted by visa norms is very less for international students and the competition is really tough
4. Intake - I would be able to make for the 2015 intake only as I need to save up a good amount of money before I take off for an MBA
With the above constraints(and talking to local MBA consultant) I have come up with few options
1. India - ISB and the IIMs
2. Singapore - NTU, SMU and NUS (I feel these colleges are bit out of bound for a profile like me )
3. Ireland - UCD and Trinity
4. New Zealand - University of Auckland
I need to understand whether the choices that I have listed down are a viable option for me or not. Also I need to know if there are any other options that I can think of. Can someone please help me with this.
Many thanks in anticipation
05 Jun 2014, 03:17
Kudos
Bookmarks
Rohan, There is something I recently wrote and I wanted to share it with you. Primarily because of the way you have explained your constraints. I am not suggesting you to pick the more expensive schools but just sharing an objective opinion. It might help you as you make future decisions of joining ISB Vs. any two-year MBA program. And am not sure what industry/Function you are looking for ( Post MBA). However, if you are considering a lateral shift, go to an MBA program that comes with an internship.
Email Subject:
PythaGURUS MBA Admissions: ISB is more expensive than a US Top 10 MBA - Point by Point Comparison
Dear Applicants,
Why am I writing? I have a very strong feeling that 97% of the readers think that ISB is cheaper than any US Top 10 MBA program. Well, I am writing to offer the best comparison possible between ISB and a US Top 10-business school. I have also inserted appropriate URL’s and loan EMI Calculators for both the countries(India and US).
Sometime ago, one of our applicants who was admitted to both ISB and TUCK picked decided to join ISB and he justified his decision by stating that “TUCK is WAY TOO EXPENSIVE” and “ISB is a cheap School”. Very recently, someone gave up Duke Fuqua for ISB for exact same reasons. I have a strong feeling that you feel the same way too. In order to somehow help you with your decision-making, I decided to do a parallel comparison.
ISB is a great school and we have respected them for the brand they have created in the last decade. However, if you want to pick ISB, you should do so because it is a great school and not because it is a “CHEAP School”. It is not a “CHEAP School”. You have to look at your cash flow situation post MBA.
I spent 8 months with this applicant who turned down Duke Fuqua for ISB as he thought ISB was coming with a price tag of 40%. In order to offer my disagreement, I decided to offer the following comparison to you.
DUKE Fuqua
ISB
Total Cost of Education
97 Lacs
https://www.fuqua.duke.edu/financial-aid ... attendance
27 Lacs
https://www.isb.edu/pgp/Fees-Financing/P ... e-Expenses
Loan Repayment Terms
Max up to 20 years @ 8.25%
https://www.fuqua.duke.edu/financial-aid ... dent-loan/
10-15 Years – 11.5%
https://www.isb.edu/pgp/Fees-Financing/P ... e-Expenses
Average Annual Salary
$ 112167 ( Joining bonus is separate: $ 28000)
INR 69,54,354 + INR 17.36 Lacs Joining Bonus
https://www.fuqua.duke.edu/documents/mba ... 012-13.pdf
NR 17,41,081 (No information on joining bonus was available. Not sure if the joining bonus/relocation is a part of this figure).
https://www.isb.edu/sites/default/files/ ... 202013.pdf
Average Monthly Salary
INR 5,79,529
INR 1,45,090
Average Monthly Salary after Taxes
INR 405670
INR 1,01,563
Average Monthly expenses
$ 2,000 -$3,500
INR 1,24,000-INR 2,10,000
NR 60,000-INR 70,000
( Mumbai/Gurgaon)
EMI
10 Years- $1913 ( INR 118606)
20 Years-$ 1,329(INR 84,568)
https://www.culookup.com/IFrameCalculat ... ource=hide
https://www.coastal24.com/calculators/index.html
INR 37,193( 10 Year Repayment)
INR 30,688 ( 15 Year Repayment-Max Term)
https://www.axisbank.com/Calculators/Edu ... =Personal&
MONTHLY SAVINGS
INR 80,000 to INR 2,00,000
Surplus Available for Car Loans/Homeloans
(Considering the max and min range of loan repayment terms and your monthly expenses)
- INR 4,000( Negative) to INR 10,000
Not sufficient for Car Loans/Home loans
When you pick an MBA program, it is advisable to evaluate your net incoming CASH for the first 5-7 years post MBA. After 5 years, things will look verydifferent.
I really hope you at some point of your life find yourself in this DILEMMA. Irrespective of what you pick, at least you will have gained an ADMIT .
Email Subject:
PythaGURUS MBA Admissions: ISB is more expensive than a US Top 10 MBA - Point by Point Comparison
Dear Applicants,
Why am I writing? I have a very strong feeling that 97% of the readers think that ISB is cheaper than any US Top 10 MBA program. Well, I am writing to offer the best comparison possible between ISB and a US Top 10-business school. I have also inserted appropriate URL’s and loan EMI Calculators for both the countries(India and US).
Sometime ago, one of our applicants who was admitted to both ISB and TUCK picked decided to join ISB and he justified his decision by stating that “TUCK is WAY TOO EXPENSIVE” and “ISB is a cheap School”. Very recently, someone gave up Duke Fuqua for ISB for exact same reasons. I have a strong feeling that you feel the same way too. In order to somehow help you with your decision-making, I decided to do a parallel comparison.
ISB is a great school and we have respected them for the brand they have created in the last decade. However, if you want to pick ISB, you should do so because it is a great school and not because it is a “CHEAP School”. It is not a “CHEAP School”. You have to look at your cash flow situation post MBA.
I spent 8 months with this applicant who turned down Duke Fuqua for ISB as he thought ISB was coming with a price tag of 40%. In order to offer my disagreement, I decided to offer the following comparison to you.
DUKE Fuqua
ISB
Total Cost of Education
97 Lacs
https://www.fuqua.duke.edu/financial-aid ... attendance
27 Lacs
https://www.isb.edu/pgp/Fees-Financing/P ... e-Expenses
Loan Repayment Terms
Max up to 20 years @ 8.25%
https://www.fuqua.duke.edu/financial-aid ... dent-loan/
10-15 Years – 11.5%
https://www.isb.edu/pgp/Fees-Financing/P ... e-Expenses
Average Annual Salary
$ 112167 ( Joining bonus is separate: $ 28000)
INR 69,54,354 + INR 17.36 Lacs Joining Bonus
https://www.fuqua.duke.edu/documents/mba ... 012-13.pdf
NR 17,41,081 (No information on joining bonus was available. Not sure if the joining bonus/relocation is a part of this figure).
https://www.isb.edu/sites/default/files/ ... 202013.pdf
Average Monthly Salary
INR 5,79,529
INR 1,45,090
Average Monthly Salary after Taxes
INR 405670
INR 1,01,563
Average Monthly expenses
$ 2,000 -$3,500
INR 1,24,000-INR 2,10,000
NR 60,000-INR 70,000
( Mumbai/Gurgaon)
EMI
10 Years- $1913 ( INR 118606)
20 Years-$ 1,329(INR 84,568)
https://www.culookup.com/IFrameCalculat ... ource=hide
https://www.coastal24.com/calculators/index.html
INR 37,193( 10 Year Repayment)
INR 30,688 ( 15 Year Repayment-Max Term)
https://www.axisbank.com/Calculators/Edu ... =Personal&
MONTHLY SAVINGS
INR 80,000 to INR 2,00,000
Surplus Available for Car Loans/Homeloans
(Considering the max and min range of loan repayment terms and your monthly expenses)
- INR 4,000( Negative) to INR 10,000
Not sufficient for Car Loans/Home loans
When you pick an MBA program, it is advisable to evaluate your net incoming CASH for the first 5-7 years post MBA. After 5 years, things will look verydifferent.
I really hope you at some point of your life find yourself in this DILEMMA. Irrespective of what you pick, at least you will have gained an ADMIT .
07 Jun 2014, 21:30
Kudos
Bookmarks
The choices you have listed seem to be good.
You could also consider schools in places like Germany -- their MBA programs tend to be cheaper. I would also recommend considering schools in the US due to the wealth of scholarships on offer. One of my students had a similar concern about the cost, but applied anyway, and he got into a reputed US business school with scholarship. Between the scholarship and the internship, you can offset the tuition by quite a bit.
--Prasad
GMAT and MBA admissions Coach
You could also consider schools in places like Germany -- their MBA programs tend to be cheaper. I would also recommend considering schools in the US due to the wealth of scholarships on offer. One of my students had a similar concern about the cost, but applied anyway, and he got into a reputed US business school with scholarship. Between the scholarship and the internship, you can offset the tuition by quite a bit.
--Prasad
GMAT and MBA admissions Coach
