Hi All,
I have been fortunate enough to have been admitted R1 to INSEAD for 24D and am debating accepting the offer versus forgoing it to apply to the M7 business schools in the US or maybe just do a part-time program and this has been a very hard decision for me and I would love to get feedback:
Age: 28 (Turning 29) and 30 upon matriculation if admitted to a 2-year program
Sex: Male
Ethnicity: East Asian
Nationality: American
GRE: 328 (Would Retake for R1)
GPA: 3.95, Top 5 Undergraduate Business School
WE: 6.5 Years Emerging Markets Focused Long-Only Asset Manager and Now 5 years in a US Internet sell-side esque equity research role.
Post MBA Goals: VC or VC Backed Tech and understand I might have to go consulting for the transition
Long-term Goals: Tech focused Entrepreneurship
Location: US currently, largely agnostic post MBA, but do have salary concerns given the discrepancies in salary and the state of the current economy.
Language: I'm only business proficient in English, conversational Mandarin
TC Right now: ~$300K so this plays a factor if I should even go or just go for part-time
ECs: Undergrad leadership positions, Recruiting for my previous firm, various hobbies, but had a lot of time cut short due to continuous medical issues
Leadership: Officer title in previous role, Thought leader on my industry, Wrote a white-paper for clients, Intern/new hire mentor, Intern Manager
INSEAD was originally my only choice, but the state of the economy, the slowdown in consulting, and what I've heard to be a hard time obtaining sponsorship to work in Singapore has been a large concern for me in attendance.
Reasons I wanted to attend:
1. The diversity and the global presence of the school. Given my work in emerging markets and really enjoying how diverse and global it was I see myself going back to looking at different markets and different view points during my MBA would help along with the global network
2. The program - 1 year seems like the ideal time. Not to mention across 3 potential campuses and 3 different exchanges. I'd be 30 on graduation save myself 17 months vs graduating at a 2 year program
3. I've always wanted to live and work abroad and this is likely one of my last opportunities to have a real shot. I had the opportunity previously, but issues with a change in my manager a long with COVID put a short-end to that.
4. The program seems like a lot of fun - different campuses, locations, trips globally. And being in Fontainebleau seems better than all the US campuses
5. Seems like the program will put me on a lot of uncomfortable situations compared to a US School which is somewhat of a known quantity
6. I can afford to self-fund without too much pressure on my finances
Cons:
1. Not sure about the job prospects, especially outside consulting - numerous alumni have said you have to do a lot of legwork outside of consulting, and although that's not an immediate problem, I've talked to a current student and it seems in Management Consulting it's a really tough year for everyone and that a lot of people have not found jobs.
2. Weak US Network - most students/alumni I've spoken to have said that if you end up back in the US the INSEAD network doesn't help. They're job opportunities came from existing networks or undergraduate networks
3. Salaries abroad vs US Salaries - this is an issue because of my TC at the moment. The salaries abroad are meaningfully lower and I was ok with a certain level of paycut, but it's looking like it'll be even larger than expected if there are even job opportunities abroad
4. Asia is largely closed off - Hong Kong and China are not in a good state economically (I would also need to either go for an MNC or up my Mandarin which I would do if the options were open). Singapore doesn't seem to have many visa sponsorship opportunities for MBA grads and I've heard the government is more stringent now given the influx of people from Hong Kong. Additionally I don't speak the language elsewhere
5. May not form a tight friend group that sticks together post graduation
I would consider working in the Middle East for 1-2 years, but I'm not sure how accessible that is for a US Citizen and it's also not the most enticing choice.
Summary: I think INSEAD brings a lot of personal growth, but is a very large career set back
The M7 - I'm interested in H>S>W>B>M=C>K in that order and yeah I have no admissions so this is a gamble especially with my profile.
Pros:
1. Guaranteed network in the US, potential network abroad - M7 name is widely respected in the US and has a much larger alumni base so even if legwork is involved there are a lot more people to reach out to in a lot more companies
2. Easier time finding a job in the US - Looking at the economy, it may be better to be in the US post graduation, though 2 years out the economy is likely to have recovered
3. 2-year program better for pivot - allows me more time for a pivot and I am trying to pivot into non-standard industries and its seeming like will allow me to dodge a potential recession
4. Program is not as intense - I guess I can travel given the timeline? My financials wouldn't be in as good of a condition to do so. I'm not sure how i'd feel about the extra time
5. Larger social circle post graduation - Given the cohort is largely American it'll likely be easier to stay connected with friends made during the program
6. I shoot my chance at HSW without regrets - this is a personal thing, I am motivated to try and see what happens just so I know I've done it
7. My family's financial situation isn't the best and staying in the US may help incase anything happens with them
Cons:
1. I haven't applied or received an admission so that'll be an entire process and gamble in and of itself and I may end up with 0 admits
2. Age and Time - I'd be 30 on matriculation and almost 32 on graduation, I also heard this cuts down admission chances
3. I can only find a job in the US - this completely rules out my dream of working and living abroad (I did study abroad and travelled abroad for work/leisure, but not long-term)
4. Weaker global network outside of H and W - I've checked on Linkedin. INSEAD is by far the most global school and vs most of the M7 it's not even a comparison
5. I'd need to take on loans - I cannot safely finance the entire 2 years
6. Being domestic seems less exciting - I've been in America too long
7. Lower Diversity - Mostly American and I feel like that brings less perspective. I also know a decent amount of people that have attended the M7
Summary: The M7 seems like a better bet for career, but I know nothing is guaranteed. I don't have an admit though and this seems like a gamble
Part-Time - I'm at a comp level which makes this seem like an optimal choice
Pros:
1. Lowest Opportunity Cost
2. Could go to M7 Part-Time MBA program and there's no difference in degrees
3. Can still look for other opportunities while working
Cons:
1. I'm pretty burnt out and could do with a break
2. Lower actual networking
3. Might not get a new social circle out of it
Overall just the most optimal choice financially. But definitely not socially and not sure if it is personally.