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Business School Research


European MBA not Good for Career Switching“Millennials will leave, because they get bored! They want to learn & grow” proclaimed a speaker, and MBA marketers agreed in Chorus. Mr. X just completed 1-year in a European IT firm, post-MBA, in the same pre-MBA role that he despised. He is not leaving anywhere. He is stuck in a bad loan, and a career risk that will cost him another 3 to 5 years (the average time required to earn a return on investment from an MBA). This despite tall promises by Business School marketers about career switching. Mr. X did not find the right job offers despite the early finance focus in the MBA program. As a last minute effort to avoid the shame of returning to his home country without a job and over 55000 euros in debt, the candidate took the IT job.
 
3-Month Post-MBA Job Offers: Numbers Lie

A column that MBA applicants often see in brochures and ranking publications is the % job offers within 3-month of graduation. Most European schools score upwards of 80%, but time has come for applicants to question the usefulness of this data. Mr. X might have also been included in that percentage. He was forced to accept a job offer within 3 months.

Last time, I...


Tier-2 General Managment ProgramWhen I was working with a technology multinational, six years back, a Manager used to come to our desk and ask us one question “What is the Status?” During the initial part of the project, the question seemed cute, but while we were in the middle of a breakthrough, animatedly discussing the pros and cons of a solution, the interruptions began to affect our productivity. After responding to the annoying question in the same way as last time – “We are working on the solution,” my colleague gushed “I would like that job.” He created nothing. The only job he did was reporting. This was during the cusp of the 2008 Financial Meltdown, and General Managers were in great demand. Add to it, he was an MBA. With the Financial meltdown, he was among the first group of Managers who were fired. These rare breeds of Managers, who are valued during a market boom, and looked down upon during busts, are what we call “Middle Managers.”

Zappos move to “Holacracy” – a self-governing, flat organization structure where there are no Managers has been reported with suspicion, for one the motivation to climb the ladder is removed from the career path. When productivity becomes the only metric to measure...


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.

Although Indian B-schools rankings do not rate the AACSB-accredited ISB, students both in India and abroad have a fuzzy perception of how these two MBA behemoths compare with each other. Some say it is like comparing apples and oranges; which is partially true, but we have undertaken the challenging task of sizing them against each other.

Do note that in India, MBA degrees can only be given by universities. That is why B-Schools here offer management diplomas equivalent to an MBA, and both IIM and ISB call theirs – PGP or Post Graduate Program.

1)...


MBA Research Utility ValueBenjamin Franklin showed us the power of Moral Algebra method. We adapted the method for MBA Research and demonstrated how you can choose when it comes to two equally good MBA programs. The method works when the choices are limited but while interacting with MBA Applicants through our MBA Admissions Consulting service, we asked the applicants to cite the reasons for shortlisting the MBA programs. Some were rational reasons, reached after extensive research while many were irrational conclusions reached through faulty assumptions. When the reasons for selecting the MBA program are flawed, Admission consultants cannot successfully strategize and guide the MBA applicant through the Admission process. Deep down, applicants know that they have selected the MBA programs based on reputation (one of the several factors that should influence your selection) and not on extensive attribute matching – a process we highly recommend.

We falsely put...


MBA Research Career Switch Entreprenurship 2015 TrendsFor prospective MBA Aspirants, understanding the competition is crucial before developing a strategy for MBA Application. To gauge the competition in a particular school, it is important that you identify the nationalities and region of MBA applicants targeting the school and analyze the factors that influence their choices.

Business Schools are not going to back down from their search for diversity in nationality, gender, and profile. Whether your profile captures experience diversity depends on how you spin your story and position your personal brand, but regions and nationalities are reserved by the school based on a hidden quota system for each application cycle. In a year, if the majority of MBA Applicants from Asia-Pacific were targeting the 2-Year Full-time MBA program, and you are one of the applicants from the region, it would be wise to mix your top 5 MBA program list with a few premium 1-Year MBA programs. The report is your first data point, and we at F1GMAT are here to summarize the trends for you.

Increase in MBA Application (Aspiring Entrepreneurs)

It might be an uncertain job market, the Entrepreneurial eco-system in...


When you look at the jobs with the most satisfaction or meaning – Clergy or religious head features in the top followed by Surgeons, Teachers/Education Administrators, and interestingly Chiropractors while Cooks in Fast Food restaurants, Fashion Designers and Host/Hostesses in Restaurants feature at the bottom.

Alumni from Graduate Management programs features somewhere in the middle. Although they can’t compete with Surgeons on the median salary ($299,600) or job meaning (94%), the progression in the career from Entry Level to C-Level executives increases their job satisfaction. The closest these Alumni have reached on job satisfaction with Surgeons is at executive or C-Level with 93% of them reporting satisfaction with their job profile. The work, although challenging, becomes more meaningful at the executive level. Not far from the well-defined career structure is the self-employed graduate program alumni, who report 90% satisfaction with their current responsibilities.

Job Satisfaction – By Career Level (Graduate Management Program)

Job Satisfaction At Each Career Level

How much do they value the Graduate Management Program?



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Duke Fuqua MBA vs UNC MBAThe rivalry between UNC and Duke is not limited to College basketball; the competition as a favorite MBA destination is much fiercer. While the casual researcher favors UNC for the good-looking crowd, serious applicants should consider five factors: ranking, curriculum, location, class profile, and post-MBA jobs.

Ranking

According to US News, Duke is at #14 while UNC is just behind at #19 for the best Business School. The surprise however was with the 2014 BusinessWeek ranking where Duke Fuqua was ranked #1 in the 2-yearly ranking, rising five positions from the 2012 position. In terms of ranking parameters, BusinessWeek considers Student Satisfaction and Employer Survey on equal weightage (45%), validating further on Duke’s edge over UNC, which was ranked #12th in the top 100 rankings.

Curriculum

UNC Kenan-Flagler MBA’s core curriculum is comprised of 13 core courses, majority of which (10) are completed during the first-year fall semester. The spring of second year is mostly devoted to elective courses with students getting the opportunity to pick from over 125 courses every year. The electives are clustered into 10 concentrations:...


Apply MBA Know your CompetitionApart from differentiating your application by shortlisting relevant life events, and writing from your heart – two techniques that we have taught in Winning MBA Essay Guide, you have to consider the application volume, and competition from other equally qualified applicants. GMAC’s 2014 survey of 469 MBA programs and 259-specialist Masters (non-MBA) program spread across 32 countries (the majority distributed in 41 states in the US), has revealed the trends in application volume.

Fall in Volume (1-year Full-time MBA)

Never has your chances been better to apply to European based 1-year MBA programs. For the first time in 5 years, majority of 1-year MBA programs (60%), of which over 80% are from Europe has reported a steady decline in application volume. The decline is the result of low interest from foreign applicants. If you are an International MBA candidate, this is the year to target the top European MBA programs.

...


Stanford MBA Class ProfileStanford Full-time MBA is a 24-month program with the 2016 class setting a new record in the history of Stanford GSB for the largest class with 410 students. The diverse group of students for the latest class was chosen through a rigorous MBA Admission process that accepted applications from 7355 aspirants with an acceptance rate of 5.5%. The sparks of innovation that Stanford is known for has to do with the talented group of MBA candidates but the environment - the pleasant “The Knight Management Center Campus” in Bay Area, Northern California,  is the perfect fertile ground for new ideas. The vicinity to some of the best innovators in the world – Intel, Google, Facebook and Apple, lends an inspiring learning experience for MBA candidates.

Stanford MBA Curriculum

Stanford MBA follows a more traditional curriculum structure with the courses divided into Year One and Year two curriculum. What makes the courses different from Harvard, is the focus on Critical thinking and Ethics at the start of the program.

Year One Curriculum

Apart from starting the program with Critical...


Harvard MBAHarvard Full-time MBA is a 24-month program with the latest class enrolling 913 students in the Boston Campus. The full-time MBA is a residential program with a focus on hands-on experience through the Case Study Method and FIELD projects. By encouraging students to exercise their knowledge on real-world problems, Harvard Business Schools has created a learning environment that encourages Entrepreneurship and leadership. Even though the class size is huge compared to other top MBA programs, the school leadership has set up small learning groups of 80-90, to  mimic the efficiency of lean teams.

Harvard MBA Curriculum

The Harvard MBA Curriculum is divided into Year One Spring & Fall, and Year Two Spring & Fall schedules. During Year One Fall, HBS MBA students follow a common curriculum - Finance 1, Financial Reporting and Control, Marketing, Leadership and Organizational Behavior (LEAD), Technology and Operations Management, FIELD Foundation in Leadership and Field 2: Global Intelligence.

Year One - Fall

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Picking Backup MBA ProgramsMost applicants have completed their GMAT preparation. They are ready to send their GMAT test scores to five Business Schools. One common mistake that we have seen applicants committing while selecting their top five schools is that they don’t put too much thought into selecting the last Business School in the list. Often the thought process is to pick schools based on unrealistic expectations or with very little ambition.

Here are 4 Reasons why picking a Backup program might be counterproductive.

1) Brand Still Matters

The fifth Business School in the top five list would be a low ranked tier-2 Business School. Applicants get a sense of security to know that they would be admitted to at least one school even if they were rejected by four other schools.

If applicants had a choice of picking the fifth Business School based on merit, they would not have followed this process. This is an interesting behavior. You are not a failure if five top schools reject you. A considerable number of re-applicants get into top...


Most MBA students use their degree for career advancement, but nearly 1/4th of the participants chose an MBA program to change their career path. Unlike entrepreneurship where the need for an MBA program is often debated (there are however MBA programs with focus on Entrepreneurship), in other career tracks like consulting, marketing, finance and HR, an MBA program is invaluable. Alumni have vouched that more than anything else, an MBA gave them the confidence during their post-MBA journey. Those who are looking for Career change with an MBA, here are some value propositions:

1) Knowledge means Confidence

The core courses, the electives, the field trips, networking events and interaction with professors and peers, make an MBA class one of the most exciting learning environment. Each tool provides students with the knowledge necessary to make the career switch. Although the initial months can be gruelling and intimidating, most MBAs will learn the vocabulary and processes of the new job function.

2) Learning Framework

More than the knowledge that you gain, a new habit will be created with an MBA: life-long self-...


MBA Research Dont Fall for Mere Exposure EffectB-School ‘C-’ started the year with an online info session. I was also present to see how the school shared their information – both positive and negative. As expected, no negative news were covered in the info session. Percentage employed in 3-months was at a historical low but with a good grip on statistics, you can turn any graphs upside down with an obscure variable. A professional presentation followed. It was more of a speech on how great the school was, and how the Alumni have gone on to do great things. “A small chat window” popped out on the right-hand corner of my screen – “Do you believe any of the things that this guy says?” The other session attendee caught on with my Indian Chat name and liked to know my opinion about the program. “I have to do more research,” I replied without revealing my identity. From that day onwards, the attendee and I kept in touch and discussed about the program and its competitors. Within 3-months, the MBA aspirant was sold to the idea that ‘C-‘ was projecting during the info session. Nothing had changed. The aspirant was influenced by what psychologists called “Mere Exposure Effect.”

In 1968, Zajonc showed how even the repeated exposure of...


MBA ComparisonWe are not designed to notice gradual changes. Each of us has an attention threshold, and small changes go unnoticed. Only when a change is considerable does our brain signals that the stimulus is worth noticing. When Business Schools makes small changes in the number of scholarships or report changes in the percentage placement within 3-months of graduation, the change is negligible.

Have you noticed that the 90+ post-MBA placement percentage that was common, pre-2008 financial meltdown is nonexistent now? The acceptable range among top Business Schools is in the mid-80 percentage. Several changes have happened over the past 5 years. For a comprehensive analysis, download our Research Guide. It will help you pick the right MBA program.

In 1998, Simons and Levin demonstrated how majority of the subjects missed important cues including change in appearance, clothes,...


UPenn's Wharton School vs. Columbia Business SchoolAlthough Wharton has a slight advantage over Columbia in terms of history and reputation, the demand from our readers to do a detailed analysis allowed us to dig deeper into 9 comparison factors: location, ranking, cost, funding, incoming class, curriculum, International Exchange, post-MBA opportunities and Alumni network.

Location

Columbia Business School is located in Manhattan, New York City(NYC). The City is number 1 in the US and the world in terms of GMP and attracts professional in Banking & Finance, real estate, advertising, media and retail. Wharton School is located in Philadelphia, Pennsylvania. Although Philadelphia is 4th in the US, and 9th in the world, in terms of cities by GDP, the newly evolving service and IT industry will soon replace the Financial industry as a leading contributor. Choice of location depends on your post-MBA industry and cost of living. According to Numbeo, living in Philadephia means cheaper rent, restaurant and consumer goods. If you look at the overall local purchasing power, living in Philly gives you 10% more purchasing power than NYC.

Ranking

According to US News...




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