Posted by - maverick.aj - on 29 July 2012 - 9:09am
HI,I AM ASHISH JAIN FROM NEW DELHI,INDIA.MY AIM IS TO
MY profile_-HSC-96%-SSC-95%-B.COM-74%(AGRA UNIVERSITY)-CHARTERED ACCOUNTANCY(FINAL YEAR)- 78%(TILL NOW)-GMAT-710;IELTS-8.0-ECs-below average(some sports(hockey,lawn tennis,badminton) at school and college level and community service)
-I HAVE done a 3 year iINTERNSHIP in a chartered accountancy firm in agra and also have spent some tym helping my father in his shoe exports biz.
i have two options....either to go for MIM (based in entrepreneurship/marketing) nowor an MBA(may be a year and a half of some sort of full time work experience or business experience)
i have shortlisted the following programmes for mim..-emlyon(global entreprenuership programme)-hec paris(grande école)-lse(mim)-duke(mms)-esade(mim in entreprenuership)-ie(marketing)
mba programs options would be(if i wait for a year)-IIMs(india)-us b schools like columbia,babson,new york etc(not sure of chances of getting in)
i WOULD LIKE TO COMPLETE MY EDUCATION AS EARLY AS POSSIBLE TO DO A STARTUP.So considering my profile and career goals...what would you recommend...do an mim or wait for an mbaand even if i do wait for an mba..-what are the chances of getting into top 20 US MBA programs with-about 2 years of work ex..-and pretty average co circulars.
I NEED SOME URGENT ADVICE...PLZ HELP..!!
Posted by - maverick.aj - on 30 July 2012 - 8:00am
hey thomas,thanx for those such specific replies.i know i cant thank you enough.Kudos to u man...!!
-i sure will ponder over some of those thoughts for the time being..!!-whenever u do find out about some programs(marketing or entrepreneurship ) considering my goals....than please let me know.
Posted by - Thomas Graf - on 29 July 2012 - 1:20pm
thank you for your question. Here are my comments:
First, you don't necessarily need a postgraduate education to become an entrepreneur. Maybe you need more knowledge and maybe you look for a network or think tank to develop your own ideas. But one of the advantages of becoming an entrepreneur is that you don't need to fulfill external requirements, for example expectations of HR managers. All you need is a business idea and an entrepreneurial mindset. I just want to mention this in advance - maybe it makes you think about it again.
Second, a postgraduate education in management can provide you with some important tools that are helpful for your future business.
Overall, I would recommend you doing a Master degree with a clear entrepreneurial focus. It does not necessarily mean that the Master's title is "Master in Entrepreneurship". Maybe it is called "Master in Management" but with a clear entrepreneurial focus in the curriculum.
Third, I would clearly go for a Master in Management (MIM) or a so-called specialized Master at the moment, ie. in entrepreneurship, innovation, or whatever fulfills your needs. I would not even think about an MBA right now.
Overall, I would recommend you to think about a specialized Master with an entrepreneurial focus (content, network, project phases such as business plan development) or a Master in Management with a clear entrepreneurial focus in the advanced program phases NOW. If you will ever do an MBA is something that you decide in some years.
Finally, I have no idea about the top-20 US programs. My intuition is that you may get troubles to become accepted - but this is something for which you don't need me I guess as you can simply find it out by yourself (just call them and ask about your chances; or simply apply...).
Posted by - maverick.aj - on 29 July 2012 - 3:05pm
hey thomas,i sure does got to congratulate and thank u for dat excellent reply.....u were bang on..!!
-Firstly,no b school in the world can make an entrepreneur.I am aware of this fact. But it sure does provide u with-knowledge,networking and an excellent learning environment.Besides,it also acts as an insurance on which u can fall back upon if your entrepreneurship dream doesn't go well..!!
-Secondly,i would shoot some specific questions.Hope u can help me out with these.
A)wouldn't it be better to go to a english speaking country if i don't know Spanish( in case of esade and i.e.)and french(in case of hec) and instead may go for imperial or cass,which though are smaller brands but sure are in a englsih speaking country which has a lot of effect in your participation in venture labs and other such entrepreneurial programs and field jobs like local business survey etc.
B)secondly i wont mind a marketing focus masters to since my family business sure needs some marketing brains to help it out with.What i am planning is to support my family business and doing a startup with that.I know it would be pragmatically difficult but i believe i can pull it off.so would considering a marketing mim be a good idea(as a backup plan if i don't get into top entrepreneurial programs).i have shortlisted-emlyon(global entrepreneurship programme)-4months in emlyon,4 months in zhiejang,china and 4 months in purdue,usa.-esade(mim in entrepreneurship and innovation)other programs are-hec grande école(marketing Focus)-lse(mim with some good entrepreneurship and innovation electives)-ie(marketing focus)
backups-imperial college(entrepreneurship masters)-cass(entrepreneurship masters)
would u consider doing a cems year..??as it gives u a good business project,good strategy modules and good internship.A word on my application success chances on all these programs would also be welcome..!!
C)IS investing too much time and money(for top mba programs) a waste for a budding entrepreneur??i am asking this because i am considering even working for a year in my family business (if i don't get through top programs)and then try for d IIMS(india).this process of education would take another 4 years(1 year for completing my ongoing studies and another for giving entrances etc and then 2 yrs mba) and i would be 25 by then.So is it worth d investment..?
or rather i should just get some pretty good masters and start up as early as possible.
thanks in advance.
ps:u r doing a grt job thomas..just keep it going.let me know if i can help u out with something.
Posted by - Thomas Graf - on 29 July 2012 - 10:43pm
Hi there again,
well, a Master in Marketing makes sense as well. Most importantly you should do something that is interesting for you. Nevertheless, I would have a look at specific "Masters in Entrepreneurship" just to compare with traditional "Masters in Marketing" and eventually find out which program better provides you with the knowledge and network you are looking for.
As for the language, you could also argue that a non-English country would be better cause you can learn a new language.... In general, there is no right or wrong. The forementioned Masters in Spain are international programs totally taught in English and for an English-speaking audience.
If you want to profit from local connections maybe a UK program would be better for you. On the other hand, you don't want to work in the country of your campus - so from that perspective, one country can not preferred over the other.
Maybe a better way to look at it is:
As for CEMS, this is a very renowned program, and I recommend you getting in contact with them if you are interested. But as to my best knowledge, this program is not particularly for future entrepreneurs like you. Furthermore, the CEMS MIM is a Master in Management ON TOP OF a Master at one of the CEMS partner schools. So, in total this is a 2-years education. I don't see your future at CEMS therefore.
MBA: Again, I would forget about the MBA at the moment. Try to think like this:
Now you have some things to think about, I guess :)
E-Mail Notifications: Off Replies All
The best guides to your Master in Management
Visit us on