Posted by - kush - on 13 November 2010 - 11:27am

• Posted by - Thomas Graf - on 26 November 2010 - 4:51pm

  Kushal,

  please have also a look at our article Financing your studies in Germany - for non-Germans. There you find information on the DAAD that Franziska just mentioned.

  Best wishes
  Thomas

  Reply

• Posted by - Franziska Rook (HHL) - on 26 November 2010 - 4:18pm

  Hi Kushal,

  Depending on the scholarship, we have an emphasize on the actual GMAT score and the submitted scholarship essay. However, your overall impression (grades attained, work experience, motivation to pursue a Master degree) is also taken into account.

  You may want to also look specifically for scholarships offered by the DAAD - German Academic Exchange Service (in case you are non-German).

  Best regards,
  Franziska Rook - HHL

  Reply

• Posted by - kush - on 25 November 2010 - 7:39pm

  @HHL Leipzig

  Hello

  It is going to be difficult for me to afford a MiM program at a decent university without a scholarship and now after reading your post I am seriously considering re-taking the GMAT.
  Are the scholarships based only on the GMAT score or will other factors like undergrad marks count?

  Thanks

  Kushal

  Reply

• Posted by - Franziska Rook (HHL) - on 23 November 2010 - 5:39pm

  Hi Kushal,

  Thomas has already explained it well, your score is a good start. However, in order to be eligible for certain scholarships your score should be at least 650 which is a general threshhold for scholarships.

  For example, HHL offers a Scholarship for Effective and Responsible Leadership but a GMAT of at least 650 points is a requirement.

  Reply

• Posted by - kush - on 16 November 2010 - 7:58am

  Hi Thomas

  Thanks for replying.

  I am not really looking at Ivy League schools so I guess that's ok :)

  Another question:

  I have finished my Bachelor's degree in Commerce from India. Do you think it is worth going for a MiM program or will there be a significant overlap between my undergrad and the MiM ?

  Reply

  • Posted by - Thomas Graf - on 16 November 2010 - 8:18pm

    Hi Kushal,

    honestly, I can not answer you this question because it depends at least on the Bachelor in Commerce that you did already and its specific curriculum - if not also on the Master in Management program you aim at. Intuitively I would expect the MiM to provide you will added value.

    • First of all, it is a Master of Science (at least the "classical" version of a Master in Management), this means that the content goes much deeper than on an undergraduate level.
    • Second, a Master in General Management maybe expected to offer a broader range of management disciplines than a bachelor in commerce.
    • Third, many MiM-programs offer the opportunity to specialize in the second part of studies. If you decide, for instance, on specializing in Finance or Marketing you may get exposure to different subjects than in your bachelor.
    • Lastly, the Master as a title may be considered as much higher than a bachelor only. And a Master in Management in particular gains more and more recognition.

    However, on the other side you could also start a Master in a specific management discipline such as marketing or human resources. But this depends on your interest and plans - specializing or studying general management (with the option to specialize a bit in that program).

    My advise: Visit the website of your business school of interest and read the MiM-curriculum. Then contact the school directly and ask them if they'd recommend you the Master in Management or if they see a strong overlap with the Bachelor in Commerce.

    Apart from their actual answer, this way of communication is also a good first impression of the respective school. Do they treat you nice? Do they answer in time? Do they provide you with a good answer? All this is helpful for your decision-making process.

    Best wishes
    Thomas

    Reply

• Posted by - Thomas Graf - on 15 November 2010 - 12:29pm

  Hi Kushal,

  first of all: Congrats for your GMAT. This is not a bad result. With that you will get accepted at the vast majority of business schools - or at least: If you are not accepted, then the reason will not be the GMAT. However, I suggest you to consider three things:

  1. There might be few schools where you will not become accepted, for example Ivey League Schools such as Stanford or Harvard. If you plan to go there you will need to do it again. If you are insecure that your school accepts your GMAT score, I would simply call and ask them.

  2. You may not impress anybody with that score. It's a good score and it may be sufficient to become accepted but it is not a top score. So, if you want to impress people or have doubts that you get accepted, maybe you should do it again.

  3. You may not get a scholarship that is based on merit. There may be other scholarships granted solely on needs or if you belong to a very demanded group (maybe a school wants attract people from a specific region or emphasise applications from women) - but you may not become eligible for scholarships based solely on merit even though they may also require other aspects of "merit" such as entrepreneurial activity or essays. A score of 650 would be way better...

  4. If you think you could do better, you may also do it again. I did 590 the first time and then 660. And the difference was my math score (improving lanuage skills in 4 weeks is pretty tough - so the big potential for improving always is the math part).

  But again: I would say that this GMAT score is sufficient for 95% of the business schools - even though the average scores of their MBA-students published on the schools' sites will be higher.

  Best wishes
  Thomas

  Reply

  • Posted by - Thomas Graf - on 15 November 2010 - 6:29pm

    By the way, here is an overview on what your GMAT score means in a worldwide comparison: 27 percent are better than you. However, 600 counts as the inofficial score that most schools (that are accredited and ranked somewhere) require as a minimum score at least for MBA studies. That's why I am saying that for most schools 610 will not be a reason not to take you.

    99% - 750-800
    98% - 740
    97% - 730
    96% - 720
    94% - 710
    93% - 700
    91% - 690
    89% - 680
    88% - 670
    86% - 660
    84% - 650
    80% - 640
    79% - 630
    76% - 620
    73% - 610
    70% - 600

    Reply