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Which schools i should aim for ?

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Intern
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Joined: 02 Jun 2018
Posts: 4
Location: India
Concentration: Finance, International Business
Which schools i should aim for ?  [#permalink]

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New post 15 Jul 2018, 23:08
Hi ,

I am 28 year old Indian IT professional currently based out of USA . Below are more details about my profile

Total work experience : 7 years
US work experience : 2 years
CGPA : 4
GMAT SCORE : not yet appeared / guessing will be around 700 range

I am planning to take GMAT Next month ( August 2018 )
I have been preparing for 1 month . Today i took a mock test and scored 700 ( official mba website )

I guess my score will be around that range 680-750
I am looking for MBA s with scholarships / funding .

Please let me know which schools to look for and how to prepare for other aspects of admission other than GMAT

I am new and do not know the tips and tricks required for admission . Any guidance will be highly appreciated !!

Thanks
Saurav


Sent from my iPhone using GMAT Club Forum mobile app
Sia Admissions Representative
User avatar
S
Affiliations: NYU, Yale
Joined: 04 Jan 2018
Posts: 254
Location: United States (NY)
Re: Which schools i should aim for ?  [#permalink]

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New post 16 Jul 2018, 05:56
1
Hi tito411990,


Thank you for your post, and for sharing your profile. There are multiple factors that one must take into account when building one's list of target schools. Here is an article you can reference to help you develop your list https://siaadmissions.com/sia-blog/six-tips-for-drafting-a-list-of-your-top-10-b-schools.

You provide a wide range on possible GMAT score. If your score ends up being in the 750 range, then you should target schools that rank in the top 20-30. However, if you score ends up being in the high 600s, then your target schools need to rank much lower.

As you prepare your target list and institutions, keep your professional plan in mind. You must ask yourself, and be able to fully articulate, why you require an MBA, what are your career aspirations, how does an MBA help you achieve them, and why now.

If you are interested in continuing the conversation, please feel free to reach out and schedule a free consultation (contact details in signature).

Good luck!
tito411990 wrote:
Hi ,

I am 28 year old Indian IT professional currently based out of USA . Below are more details about my profile

Total work experience : 7 years
US work experience : 2 years
CGPA : 4
GMAT SCORE : not yet appeared / guessing will be around 700 range

I am planning to take GMAT Next month ( August 2018 )
I have been preparing for 1 month . Today i took a mock test and scored 700 ( official mba website )

I guess my score will be around that range 680-750
I am looking for MBA s with scholarships / funding .

Please let me know which schools to look for and how to prepare for other aspects of admission other than GMAT

I am new and do not know the tips and tricks required for admission . Any guidance will be highly appreciated !!

Thanks
Saurav


Sent from my iPhone using GMAT Club Forum mobile app

_________________

Sia Admissions
info@siaadmissions.com
+1 (646) 690 - 9996
website: http://www.SiaAdmissions.com

Contact us for a free consultation

Senior Manager
Senior Manager
User avatar
G
Status: MBA Admissions Coach
Affiliations: one MBA coach
Joined: 18 Apr 2018
Posts: 417
Location: India
Schools: HBS, INSEAD, HEC, ISB, Rotman, IIMA , IIM, EDHEC
GMAT 1: 750 Q50 V42
GPA: 3.75
Re: Which schools i should aim for ?  [#permalink]

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New post 17 Jul 2018, 01:22
Hello tito411990

Shortlisting a school requires much more that your role, past scores and expected GMAT.
You can read about all the factors critical to an admission here.
These factors (Acads, Quality of Work Ex, Diversity, Extracurricular, Career Goals, Leadership potential etc) will help assess the overall strength of your profile.
Based on the strength of your profile one can then select schools which will be the right fit for you in terms of career goals, chances of admission and scholarship.
Should you have further questions, let me know.

Best
Varun Sharma
+919137133507
MBAkarma.com
GMAT Score Predictor
info@mbakarma.com


tito411990 wrote:
Hi ,

I am 28 year old Indian IT professional currently based out of USA . Below are more details about my profile

Total work experience : 7 years
US work experience : 2 years
CGPA : 4
GMAT SCORE : not yet appeared / guessing will be around 700 range

I am planning to take GMAT Next month ( August 2018 )
I have been preparing for 1 month . Today i took a mock test and scored 700 ( official mba website )

I guess my score will be around that range 680-750
I am looking for MBA s with scholarships / funding .

Please let me know which schools to look for and how to prepare for other aspects of admission other than GMAT

I am new and do not know the tips and tricks required for admission . Any guidance will be highly appreciated !!

Thanks
Saurav


Sent from my iPhone using GMAT Club Forum mobile app

_________________

Varun Sharma
MBAkarma.com
info (at) MBAkarma (dot) com

Manager
Manager
User avatar
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Joined: 11 Mar 2014
Posts: 103
Re: Which schools i should aim for ?  [#permalink]

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New post 18 Jul 2018, 13:36
Hi , I wrote a detailed article for one of the national newspapers, and wanted to share it with you. I have been very specific about the scholarship details.

Also, check this out for details of Millions of USD in Scholarships- https://pythagurus.in/success-stories/

See the article below- it very specifically addresses Financial Aid and Scholarships- how should one think and decide.

One of our applicants( Salika) got more than 3 crores of scholarships- from multiple programs.

----

DOES MONEY STOP PEOPLE FROM PURSUING AN INTERNATIONAL MBA ?

Have you ever come across someone who was stopped because of Money?

Another question: Have you ever come across someone who THOUGHT he would be stopped because of Money, and used that as an excuse to never take action?

Chances are that the second category is more widespread than the first one. It is true for everyone in any circumstance they are dealing with.

In this article, I wanted to address the MBA applicants who never dare to apply to the best global MBA programs thinking that they would not be able to afford it. There are many professionals in the country who would open the websites of the TOP MBA Programs, explore the costs, compare it with their bank balance and other savings of the family, and will relegate the dream to SOMEDAY after 175 years. They are eager to work in strategic positions, become C-Level executives, or entrepreneurs, but are stopped not because of financial constraints, but the THOUGHT of financial constraints. Well, gone are the days when we had to rely on our personal savings to meet the ends. We do not even need to spend our own hundreds of crores to run a billion dollar company anymore- There are resources everywhere- there is money everywhere- and there are no opportunities that can be lost because of dearth of the affordability.

It is the ignorance or taking ownership of doing a comprehensive research that stops us from taking the next action to fund our education.

Let us imagine that a hypothetical applicant works for Infosys at an annual salary of 7 lakhs. He is from a middle class family and cfor him, it is a true story that he cannot afford an investment of more than 25 lacs from personal savings. The total cost of the MBA is roughly 90 lacs to I Crore. How can someone from the middle class family explore a school that is “BEYOND his Imagination” budget?

Let us see how can we arrange Money for him.


In the beginning, one should start with assessing the risk appetite one has. Banks in India will not fund more than 25 to 30%. However, if you had the option of getting an international loan that gets approved in 5 minutes, would you take a 95 lac loan and go to a top 10 MBA program? Or you would rather join a rank 35th program with a 60% scholarship? Ironically, I have experienced that the second option is unaffordable for many applicants. Why? In the first option, the schools will take the ownership of arranging the non- collateralized loans for the applicants from the international banks without having the applicant to find an international guarantor. The schools cover loans for the tuition and living as they have vested interests. It allows the schools to look for diverse and bright applicants. Without this facility, schools will be limiting themselves to only the BRIGHT and RICH DADS category, and there will not be many. This diversity will add to the value of the experience the candidates get, the brilliance that the recruiters get, and the ranks that the schools accomplish- The entire machinery is self-sustaining and is a win-win.

In the second category of the rank 35th program with 60% scholarships, while you do get a waiver of 50 to 60 lacs, you still have to manage the remaining 35 lacs from loans in India and your personal savings. These schools value diversity though, they do not have the appetite to find non-collateralized loans for you, and have not been able to built successful partnerships with banks.


I have been told by many that marriage kills the risk appetite in life, and I have been told that I will understand that someday. If you are married, and do not think you have the courage to take a 90 lakh loan, you can still explore some great MBA programs that will offer you significant scholarships and decent employability. Top schools doled out 1400 Crores of scholarships( Source: Poets and quants recent data) in the 2014-2015 admissions cycle.

You could be an Indian Male with 5+ years of work experience and a 720+ score or an Indian Female applicant with 3+ years of work experience with again a 720+ Score, there are very bright chances that there is a top school waiting for your application.

If you are an Indian Female applicant with a GMAT =/> 730 or an Indian male applicant with a GMAT >/=740, you can expect even higher than 60% scholarships. Some schools ranked around 40 might give you a full tuition waiver along with a monthly stipend to sustain your living expenses.

The money is available everywhere as long as you are willing to explore the opportunities. Do not pay too much attention to the THOUGHT of no money. Explore and take action.

Money DOES NOT STOP PEOPLE. Lack of Discipline DOES. THOUGHT OF NOT HAVING MONEY DOES.

Regards,

Jatin
_________________

Our GMAT Program- Creating 750+ Scores
Our MBA Consulting- Top Schools and significant Scholarships
PythaGURUS Education
http://www.pythagurus.in

Re: Which schools i should aim for ? &nbs [#permalink] 18 Jul 2018, 13:36
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