IMD and INSEAD MBA programs seem to be different tier programs, but both MBAs are often shortlisted by aspirants who are planning to get into a top program in Europe. Let us look at eleven factors and compare the MBA programs.
The primary difference between the two programs is the class size. IMD is targeted for a select few with just 90 students selected every year for the Full-time MBA Program. INSEAD Full-time MBA accepts over 1000 students.
IMD’s Campus is located in Lausanne, a French-speaking City in Switzerland. It is just 62km from Geneva, one of the Financial Centers in the world. The largest employment opportunity in Lausanne is for the services sector, followed by manufacturing and processed goods sector. INSEAD, on the other hand, has a three-campus structure: Fontainebleau (Main Campus), Singapore and Abu Dhabi. With this structure, students can leverage the strengths of each of the locations – Europe, Asia, and the Middle East.
Flexibility: Insead > IMD...
Indian Institute of Management, Ahmedabad (IIMA) was founded in 1967 by the Government of India in collaboration with business visionaries. Today, it has cult status among Indian B-school aspirants and has grown into an EQUIS-Accredited internationally recognized management institution. Indian School of Business (ISB) was founded by a group of eminent industrialists and academicians in association with Kellogg and Wharton. The first student intake was in 2001, and in just a decade, the school is now nipping at the heels of IIMA for the title of India’s best B-school in most international rankings.
As we had shared with our clients in the Detailed Profile Evaluation Service, compare programs on factors that matter: course duration, class size, incoming class profile, admission chances, post-MBA salary, alumni network, post-MBA location, international partners, and course fees.
Although Indian B-schools rankings do not rate the AACSB-accredited ISB, students both in India and abroad have a fuzzy perception of...
When did ARTIFICIAL INTELLIGENCE (AI) become popular?
Before you ask whether a specialization MBA or Master's in Machine Learning is important, understand where it all began. Over 140 AI companies have been acquired since 2011 with the momentum on Mergers & Acquisitions peaking in 2016 resulting in 40 acquisitions, among which Google, Yahoo, Intel, Apple, and Salesforce, lead the pack.
Google with 11 acquisitions is leveraging technology to improve the search experience, new media technology, targeted advertising, and digital assistants for the Android OS.
The next wave of innovation is only restricted to tech giants as mid-sized companies and Businesses have yet to find value from AI to solve real-world problems.
The real value of AI would be in FinTech
The authenticity of the founding story, the security risks, and the mass adoption of Bitcoin may be up for debate, but the technology behind the FinTech revolution – BlockChain as an alternative to the current cumbersome payment settlements is closer to reality. 15% of...
France – the fifth largest economy in the world had a cyclic dip and growth in the past 17 years. More recently with the Global Financial crisis, France endured at a much better rate (-2.9%) over its European counterparts - Germany and UK where the economies shrunk by 5.6% and 4.3% respectively. Although France is a hybrid economy with Socialist values, the 1983 economic crisis pushed the government to large-scale privatization, which continued for over two decades leading the govt. to sell stakes in global brands that include Air France and Renault.
When President Macron is on a global messaging tour of 'Make Earth Green again', a statistic that shed into the realities of France's energy independence becomes clear - 75% of the electricity produced in the country is from Nuclear.
The move away from Oil & Gas started in full-force after the escalation of the Yom Kippur War when OAPEC(Organization of Arab Petroleum Exporting Countries) raised an embargo against countries which were perceived to support Israel. Although France didn’t take a direct stance, the perception of French support of United States led to widespread caution on energy...
In the second part of the interview, we learn how IMD pioneered the International Consulting Project, the career motivation of the MBA class, post-MBA roles, and the value the program offers for career switchers.
Consulting is the most popular industry for MBA candidates. The International Consulting Project (ICP), the 2-month experiential learning program looks extensive. Is the course only for candidates interested in consulting? Can you give us an overview of the type of projects?
IMD was first on the scene with ICPs almost 40 years ago, and companies come back to us year after year as they really appreciate the value of the insights they gain from our MBAs.
The ICPs take place in the second half of the program and are a great platform for all of our participants to put into practice everything that they have learned during the year and realise how far they have come. It is a step back into the real world. They are no longer working within the safety of the IMD bubble but are working on a real strategic challenge faced by a...
We interviewed Seán Meehan – the Dean of the MBA program at IMD Business School. In the first part of the interview, we find out the biggest misconception about the full-time MBA program, the teaching methodology, chances for younger applicants, and the unique class profile.
What is the biggest misconception about IMD Full-time MBA program?
Some people believe our program is not diverse. The IMD MBA is the most diverse program in the world! With one section of 90 students of which 26 are female, our participants ranging in age from 25 to 38 represent 43 nationalities and come from every industry imaginable. We see a growing interest in technology and healthcare as well as from female applicants.
What is the teaching methodology adopted at IMD?
IMD is a business school not a university.
Our faculty are constantly consulting, researching and working with executives on current issues and challenges being faced by companies today. They therefore bring into the auditorium a...
In the second part of the interview with Mark O’Brien, we find out why Oxford MBA is leading the trend in enabling candidates to pursue Entrepreneurship. We also learned how the MBA program nurtures Social Impact as a lifelong value.
From the 300+ size of the latest class, 11% are starting their Business. That is an incredible record. How does Oxford MBA encourage Entrepreneurship?
Oxford does have a strong cohort of entrepreneurs, both joining the programme and those switching to entrepreneurship after graduation. In addition to the integrative module on entrepreneurship, all students undertake an Entrepreneurship Project and develop a complete business plan which is presented to a panel of invited venture capitalists and other practitioners. Whether the student already runs a business, or they are considering making a move into entrepreneurship, this is a great chance to develop new products or business models in a safe environment.
We also offer an optional co-curricular course called VIEW (Venture Idea Generation Workshop).
Working in teams, participants will practice important...
In the first part of the interview with Mark O’Brien - the Associate Director of MBA Recruitment at the University of Oxford, Saïd Business School, we discuss the biggest misconception about Oxford MBA, the teaching tools at the MBA program, the unique integrative module and how Oxford MBA students can customize their curriculum.
What is the biggest misconception about Oxford MBA?
We are a dynamic school balancing the spirit of a young, and innovative class, with the values of an 800-year-old world-class university. The Business School itself was 21 years old in 2017. The Oxford MBA attracts candidates from 60 different nationalities, who come from a wide range of industries and functions.
We are incredibly proud that over 10% of our class graduating in 2016 took up roles, or started their own business in the social impact space.
This aligns with some of the unique areas of core courses, electives, integrative modules and projects and we attract many students who have a background in or are interested in switching in the social impact sector. However, the biggest sector for our recent graduates was Finance, with over 25% of...
The 24-month General Management MBA program offered at Haas School of Business is built on leadership as the foundational skills. The school is also among the few top Business Schools with defining guiding principles – Student Always, Confidence without Attitude, Question the Status Quo and Beyond Yourself.
On the other end, Ross 2-year Full-time MBA program at University of Michigan's Ross School of Business is among the few schools that believe in hands-on learning over traditional lectures and case study. The global initiative, especially through the MAP (Multidisciplinary Action Projects), is exemplary in the depth of the experience that an experiential learning module should provide.
Ross leads in accepting more women applicants – in percentage and numbers while on International front, Haas accepts a larger percentage from other countries. The entry level for Haas is much higher with the average GMAT for the latest class at 725 – close to 10 points higher and undergraduate GPA averaging at 3.71 – 0.2 points higher than Ross.
Finance and Consulting were the two favorite industries before the 2008 crisis. Following the meltdown, recruiters from Technology began poaching MBA candidates from Finance background. The emergence of FinTech helped companies find talents in the intersection of the two industries. As applicants, it comes down to who offers the best base salary and guaranteed compensation. The total guaranteed compensation determines your ROI while the incoming class and the brand reputation among recruiters influence the number of offers.
Industry (Harvard MBA)
Harvard MBA program is known for the high median base salary. The latest class received $135,000 with 66% of them earning a median signing bonus of $25,000.
Consulting, Consumer Products, Investment Banking, and Consumer Electronics were particularly generous in offering signing bonus with the majority of candidates receiving guaranteed compensation in the range of $25,000 to $50,000.
Venture Capital/Leverage Buy Out/Private Equity - the most popular sub-industry in Finance only offered 37% of its candidates a signing bonus. However, the Base Salary of $152,000 beats the Consulting median Base Salary, encouraging 41% of applicants to choose Financial Services...
In a span of just 10 years (1999 to 2009), the US Economy went through two booms and busts. The 2001 bust was the result of irrational exuberance that you see when new technology has not found a foothold on the market. Speculators jack up the price. Real investors play along. And then all go to the dust. 2001 was the period when taking the Business online no longer was a lottery for exponential growth but became the new reality of doing Business.
The 2008 financial meltdown nearly brought down world economies, prompting the govt. to offer a $700 billion bailout – the largest Financial Rescue plan in US history. Officially called, the Emergency Economic Stabilization Act of 2008, the plan bought non-performing loans in auto, mortgages and college tuition. The turnaround happened when the Congress passed the Recovery Act in Feb 2009. It took a year for the Act to see results when private employers outperformed govt. recruitment, adding 17.6 million jobs from March 2010 to Nov 2017 at an average of 190,000 jobs. 2008 also triggered the longest period of high unemployment rate – a trend that was reversed only in June 2015.
In such a dynamic time, it is only fair to evaluate two sought-after MBA...
Read the First Part of the Interview with Nikki Da Silva, where we discuss self-development labs and Rotman Full-time MBA Curriculum
In the second part of the Interview Series, Nikki shares the opportunities for career switchers, post-MBA mobility trends and a unique feature of Rotman Full-time MBA – Flexible Internships.
What percentage of the MBA Class successfully switched job functions? How can career switchers get maximum value out of Rotman MBA Curriculum?
Job switch can be defined beyond simply a functional switch as many of our MBAs identify a goal of switching industry and/or geography, and sometimes all three. Broadly, more than 95% of our class identifies as career switchers. When drilling down to function, typically more than 70% of the class successfully switches functions (the recent historical range is 67%-77%).
There are a number of things career switchers should do to maximize their program experience. Start the Career Foundations modules online before the Program even begins, join...
In the first part of the Interview with Atul Jose (Editor, F1GMAT), Niki da Silva, the Managing Director of Rotman’s Full-Time MBA Program, shares the common misconception about the full-time MBA program, the motivation behind the self-development Lab and the curriculum structure of Rotman Full-time MBA
What is the biggest misconception about Rotman Full-time MBA?
Our proximity to downtown Toronto provides so many benefits for our students to build their network and connect directly with alumni and organizations. This may create the misconception that all Rotman grads are “Bay Street bound” for traditional management consulting and investment banking roles. One of the benefits of a relatively large class size (intake of 350) is that we certainly do have students targeting these highly sought after post-MBA roles, but, we also have students pursuing start-ups, technology, healthcare, innovation, real estate, and many others industries and functions. The diversity of our class definitely shows up with a broad range of post-MBA roles, and the common theme is that our grads have a real desire to make a difference and have an impact wherever their career takes them.
Read the Second Part of the Interview (RSM MBA - Post-MBA Opportunities, Brexit and Visa Rules) with the RSM MBA Director of MBA, Marketing & Admissions – Brandon Kirby.
In the third part of the interview, Brandon highlights the funding options available for RSM International MBA applicants and the entry criteria for the Full-time MBA program.
What are the entry criteria for the RSM Full-time MBA program?
We require the GMAT for all incoming candidates. Our average varies class-to-class, but is generally around 650.
We do look for strong undergraduate GPA, especially in quant-based courses. However, poor undergraduate grades don’t immediately lead to a rejection. During the admissions process, we develop a great relationship with candidates, so we can have an in-depth conversation to address low grades.
The Dutch government requires an English proficiency test for all Chinese candidates as part of the visa application process. Otherwise, we do not require an English test, but if the admissions team feels that language is...
Read the First Part of the Interview (RSM MBA - Curriculum, Misconception & Sustainability) with the RSM MBA Director of MBA, Marketing & Admissions – Brandon Kirby.
In the second part of the interview, Brandon shares the latest placement trends for RSM International MBA, opens up about the impact of Brexit on post-MBA opportunities and sheds light on the visa rules for International students during the job search.
With a 97% International class, the logical question would be about the post-MBA placement trends. Can you share the latest trends?
The most popular job functions are finance/accounting, consulting, and sales/marketing. As for industries, we see our graduates take positions in a variety of places, but consumer products, financial services, and technology, seem to be popular this year.
Last year was an interesting year for compensation, as both Brexit and Trump seemed to have an effect on salaries and signing bonuses. Our job placement remained strong, with nearly 90% had accepted a job either before graduation or within three...