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Hello everyone,
I have the following admission offers:
1) Deferred admission to ISB 2024 Intake with no scholarship
2) HEC Jan 2024 Intake with no scholarship (9000 Euros deposit needs to be paid by 13th Apr)
3) UCLA Aug 2023 Intake with $60,000 total scholarship
4) UNC Kenan Flagler Aug 2023 Intake with $72,000 total scholarship
5) UW Foster Aug 2023 Intake with $54,000 total scholarship
Now, I'm having a difficult time choosing among the options.
I am from India and I have a total experience of 7 years, 2 of which are from Derivatives Trading and 5 of which are from Healthcare Consulting background.
Please find below my thought process or reasoning for considering/not considering the colleges:
1) My main and genuine reason for pursuing MBA is to expand my business knowledge, build connections with alumni and peers and lastly, credibility.
2) I would like to pursue my MBA at a location that provides me with a good Quality of Life - in terms of safety, less xenophobic, welcoming, etc.
3) I would like to work in the Corporate till I repay my loan but in the long term, I would like to start something on my own. In line with the same, I am slightly more inclined to choose a less rigorous course so that I get some time for myself to focus on my idea.
4) ISB is a true comfort zone. The college is in my hometown, it is a known cohort. I will have my friend -circle and family close to me. It is also the best program of the country with access to best network of the country.
5) As opposed to this, an MBA Abroad would be unknown territory. It will have international exposure, high fee, scope for greater learning, and allow me to form connections all across the world.
6) All I know about international MBA is in theory, so amidst this uncertainty, so just wanted to understand if it does truly add a lot of value.
7) Based on my conversations with current students from several top MBA colleges, I have received mixed reviews to an extent that many have suggested ISB to be a better choice when compared to the challenges of studying abroad. Hence I am wondering that an MBA abroad, while certainly having a certain value add, comes with its set of coma in terms of the living conditions and life outside the classroom.
8) As of now, I would want to come back to India in the medium-long term (~5 years)
9) I read somewhere that at US or EU, it usually takes 5-6 years to repay the loan, so 2 years of education + 5 - 6 years to breakeven would essentially put me in a tied-up space.
I’d like to keep my option of settling abroad open. At the same time, I also want to keep my options open for returning back to the country at some point in the future. Hence, I would like the international MBA that I choose to be recognized in India
Post my MBA, I would want to work in Consulting (at least till I pay back my loan), meanwhile also exploring entrepreneurial prospects.
Also, one point of consideration for me has been the contrasting viewpoints I have been hearing on EU vs US post MBA job markets.
These are a few of my points to choose a college and the location of the college. Based on these thoughts, could you kindly share your thoughts on how I can proceed or which college would be most beneficial and your reasoning for believing so.
Looking forward to your reply with much anticipation.
I have the following admission offers:
1) Deferred admission to ISB 2024 Intake with no scholarship
2) HEC Jan 2024 Intake with no scholarship (9000 Euros deposit needs to be paid by 13th Apr)
3) UCLA Aug 2023 Intake with $60,000 total scholarship
4) UNC Kenan Flagler Aug 2023 Intake with $72,000 total scholarship
5) UW Foster Aug 2023 Intake with $54,000 total scholarship
Now, I'm having a difficult time choosing among the options.
I am from India and I have a total experience of 7 years, 2 of which are from Derivatives Trading and 5 of which are from Healthcare Consulting background.
Please find below my thought process or reasoning for considering/not considering the colleges:
1) My main and genuine reason for pursuing MBA is to expand my business knowledge, build connections with alumni and peers and lastly, credibility.
2) I would like to pursue my MBA at a location that provides me with a good Quality of Life - in terms of safety, less xenophobic, welcoming, etc.
3) I would like to work in the Corporate till I repay my loan but in the long term, I would like to start something on my own. In line with the same, I am slightly more inclined to choose a less rigorous course so that I get some time for myself to focus on my idea.
4) ISB is a true comfort zone. The college is in my hometown, it is a known cohort. I will have my friend -circle and family close to me. It is also the best program of the country with access to best network of the country.
5) As opposed to this, an MBA Abroad would be unknown territory. It will have international exposure, high fee, scope for greater learning, and allow me to form connections all across the world.
6) All I know about international MBA is in theory, so amidst this uncertainty, so just wanted to understand if it does truly add a lot of value.
7) Based on my conversations with current students from several top MBA colleges, I have received mixed reviews to an extent that many have suggested ISB to be a better choice when compared to the challenges of studying abroad. Hence I am wondering that an MBA abroad, while certainly having a certain value add, comes with its set of coma in terms of the living conditions and life outside the classroom.
8) As of now, I would want to come back to India in the medium-long term (~5 years)
9) I read somewhere that at US or EU, it usually takes 5-6 years to repay the loan, so 2 years of education + 5 - 6 years to breakeven would essentially put me in a tied-up space.
I’d like to keep my option of settling abroad open. At the same time, I also want to keep my options open for returning back to the country at some point in the future. Hence, I would like the international MBA that I choose to be recognized in India
Post my MBA, I would want to work in Consulting (at least till I pay back my loan), meanwhile also exploring entrepreneurial prospects.
Also, one point of consideration for me has been the contrasting viewpoints I have been hearing on EU vs US post MBA job markets.
These are a few of my points to choose a college and the location of the college. Based on these thoughts, could you kindly share your thoughts on how I can proceed or which college would be most beneficial and your reasoning for believing so.
Looking forward to your reply with much anticipation.
11 Apr 2023, 16:10
Kudos
Bookmarks
Hi. What are so you want to work in after graduating? What career are you pursuing?
Posted from my mobile device
Posted from my mobile device
11 Apr 2023, 16:19
Kudos
Bookmarks
Hi, thanks for such prompt reply.
Post my MBA, I would want to work in Consulting (at least till I pay back my loan), meanwhile also exploring entrepreneurial options along the way.
Thanks.
Post my MBA, I would want to work in Consulting (at least till I pay back my loan), meanwhile also exploring entrepreneurial options along the way.
Thanks.
