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Final year undergrad student, Good GMAT score Please advice

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Final year undergrad student, Good GMAT score Please advice

by himanshuag » Thu Sep 01, 2011 2:39 am
I an engineering student, in my final year of my engineering (Chemical Engineering) at Delhi College of Engineering (Ranked among top indian engineering institutes). I recently appeared for the GMAT and got a 740 (Q50, V39). I want to pursue my MBA from a top notch B-School, currently I am preparing my application for programs like HBS 2+2, IESE YTP and ISB YLP.
I want to know what are my chances if I want to enter other B-schools, which don't have such programs?
I have clear goals for my future and I want to work in the field of finance.
I have a good extra curricular record, I had raised funds for my college festival earlier this year, i have been part of 2 research projects and currently I am running a student society (i was also one of the founder members of the society) that works towards making the environment cleaner and greener, and also educate the people around us regarding conservation of resources.

Also the other area was exploring was the Masters In Management program offered by some top notch European B-schools but even after months of research I could not find anything concrete. Can anyone also shed light on this program?

Please advise on what shall I do, shall I wait and get a few years of work ex or shall I go ahead with the MIM programs? Also the original question, what are my chances of entering a B-School at this stage of my career?
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by apphelp » Thu Sep 01, 2011 3:04 am
Hi Himanshu,

Its almost next to impossible to get into a regular MBA program without any work ex.

So, we would recommend you to focus on the programs you have listed above and some MIM programs. Here is a list:

https://blog.apphelp.co.in/2011/02/27/ma ... xperience/

Hope this helps

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by MBAPrepAdvantage » Thu Sep 01, 2011 5:44 am
London Business School (LBS) has one of the preeminent Masters in Management (MiM) programs. This blog post (https://www.mbaprepadvantage.com/blog/mi ... t-program/) discusses how MiMs differ from traditional MBA programs and also the specific characteristics of LBS' program.

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by himanshuag » Thu Sep 01, 2011 6:58 am
Ok, what i have figured out is that MIM is not a substitute for MBA and MIM students don't have same career options as MBA students.
Please clarify is the difference just because of the experience the MBA students have, or is it because the curricula of the MIM is inferior when compared to the curricula of MBA?
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by apphelp » Thu Sep 01, 2011 11:05 am
Himanshu,

Its actually the fact that MBA students are far more experienced and most companies prefer to recruit from the flag ship program which is MBA.

Also, placements outside India happen through alumni, internships, network and MBA programs offer better opportunities for all these than MIM programs.

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by Jon@Admissionado » Thu Sep 01, 2011 10:58 pm
Well the thing about MiM programs is that they are relatively new, so you can expect them to have less impact than an MBA. Plus you gotta figure, as above, that people go in and go out with less experience, so you aren't gonna get exactly the same offers, probably even moneywise. Buuuuuut if you come out of LBS with a nice management degree, and are hooked up with one of the best Business schools in Europe in the World, with their network etc. it still will likely give you a huge career boost.
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by MBAPrepAdvantage » Tue Sep 06, 2011 8:12 pm
Similar to the MFE degree, I generally recommend people to graduate with the more accepted MBA degree unless circumstances dictate the more specialized degree.

But like Jon said the LBS name and network carries weight so that might trump whether the degree is an MiM or MBA. Similarly, Stanford Sloan Fellows earn a Master of Science in Management as opposed to an MBA degree but is that the most relevant criterion compared to graduating from Stanford.

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by himanshuag » Tue Sep 06, 2011 9:47 pm
Thanks everyone for the valuable feedback.
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by MBAPrepAdvantage » Wed Sep 07, 2011 6:07 am
You are welcome. Keep us up-to-date on your application progress.
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by FutureWorks » Thu Sep 08, 2011 3:29 am
Hi Himanshu,

If MBA is something you want to do than an MIM cannot replace it. So it is your decision to choose what you want to go for. You wouldn't want to do both, are there would be too much overlap in those programs.
If you view the curriculum of the Master in Management and MBA programs you will see the overlap. Both offer general management courses, integrated team work, case studies, and a practical oriented approach. Generally MIM focuses more on the theoretical side of the management field and MBA programs emphasize more the practical side - not surprisingly since the MIM program is for applicants with little or no experience. Given this, the MEM could be better option as you have a limited work experience.
If you want to do an MBA then you would require more work experience to build your profile. Generally most of the applicants from India are from engineering background with good 4-5 years of work experience. So do ensure that your profile is differentiated and your activities at work and beyond are highlighted in the best possible way. Luckily you are not from IT which is generally the most competitive applicant pool among Indian students.
You have a stellar gmat score so that should help you academic wise when applying to a 2+2 program.
Although If MBA is something you want to pursue then you would need to have more experience and leverage your profile with not just the work experience but also what you did there like-what were your achievements, what initiative you took, what changes you drove in your workplace etc. So getting more work experience would be a wise move for an MBA.
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by MBAPrepAdvantage » Sat Sep 10, 2011 9:15 am
To build on what Kavita said, if you are undecided between the two, I would recommend waiting because the MBA is a much more proven degree. Once you complete an MiM degree most MBA programs would not choose to accept you because of the degree overlap.

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by himanshuag » Sat Sep 10, 2011 10:53 am
The GMAT score is valid for 5 years and now I think that will be worth waiting for 2-3 years and going for the MBA.
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