Posted by - anirudhroxx - on 14 August 2012 - 1:30pm
Hey,Before I say anything I must tell you guys that this is the most informative forum on MIM that u'll find on Google.Atleast that is what i have concluded after going through many threads in this forum.
Although this is a general question that most of them already poised to u in this forum already Im still asking it as I need a personal opinion.
I am a 2011 graduate in B.Tech(material science and Metallurgy) from National Institute of Technology(India) considered to be the best Tech schools in India.U have to be among the top 3% from around a total of 1 million applicants to get into these institutes.I have a percentage of 91% in High School and graduated from college with a GGPA of 7.6/10.I have just over 1+ year experience as Consultant in Polaris Financial Technology,Mumbai.I also work for some NGOs called 'Make a Difference' and 'Teach for India'.
I want to pursue a MIM degree to change my career line to analyst or consulting and Im looking at universities like HEC,ESSEC,Lyon and Rotterdam.I am taking the GMAT test in october and im looking at scoring 700+.
1.)I am not satisfied with my job right now.2.)I want to fast-track my career for a Higher pay and to change my profile to something like consulting or analytics(Business analyst).3.)I am looking at working for 3 or 4 years in Europe itself to gain some exposure after I get a MIM degree.
My questions:1.)Should I go for a MIM degree or an MBA after gaining experience in a job that i dont like?2.)What are my chances at getting into these universities if i score 700+ in GMAT?3.)Is it the right time to pursue a MIM in Europe given the current economic scenario as I want to gain work experience? there after getting a MIM degree?4.)Can these universities guarantee me a job there in Europe given the fact that Im from India?5.)Does the MIM degree give you a Jumpstart careerwise in terms of the job profile and pay?
Posted by - Thomas Graf - on 15 August 2012 - 12:14pm
thank you for your question. And congratulations for your preparation so far - you really seem to have read through this Forum and prepared yourself by clearing some questions in advance by yourself. Now let's turn to your questions:
"1.)Should I go for a MIM degree or an MBA after gaining experience in a job that i dont like?"
Well, you indeed have two options. If you just spend one year more you could go for an MBA (some schools accept people with 2 years of professional experience only). If you don't want to wait you could go for an MIM now.
My personal opinion is, however: Go for an MIM. First, you seem to be unhappy in your current job. And second, I think that one should not go for an MBA with only two years of experience. Three should be minimum simply because then you have sufficiently work experience to contribute to the class and become attractive for the job market after the MBA. Please keep also in mind that you can do an MBA at any time in your life later on. Of course it depends on your resources but in general this door is not closed if you decide for an MIM now.
"2.)What are my chances at getting into these universities if i score 700+ in GMAT?"
In my opinion your chances should be VERY HIGH to get into the interviews. Your records are so good that any schools should be happy to invite you. Of course, I have no clue how will you perform in the interviews - but if you prepare yourself properly you shouldn't have a problem.
"3.)Is it the right time to pursue a MIM in Europe given the current economic scenario as I want to gain work experience? there after getting a MIM degree?"
My personal opinion is: Europe is diverse. Not every country faces the same problems and even within a country there are differences. There are always jobs, even in economic downturns, especially for high performers. And you don't do the Master only for your next job - you do it for a lifetime. So, of course there may be better and worse times in terms of the job market. But I would never make my decision for or against a Master dependent on that. The Master is an investment in your competence and future options - whether the market is better or worse - and you should do it if you think you need it now.
Having said that, however, I would carefully check out the SPECIFIC job market in the country of study and more importantly I would carefully check out how well a particular school is placing their graduates. In could be, for instance, that a school is so renowned and their graduates are so good that they don't face any problems in getting hired even in a country that - objectively - faces economic problems.
By the way: In our current Global Master in Management (MIM) Study we found out that - at least among the 48 programs that participated - 90 percent of the students found a job within 3 months after the MIM.
"4.)Can these universities guarantee me a job there in Europe given the fact that Im from India?"
Well, no university ever can "guarantee" you a job. The investment is always your own risk. However, you can do some things in advance to reduce this risk. First, you can inform yourself about the legal situation in the country, for example by askign the Indian Embassy. Second, you can do some research in the school's experience with placing people from India (screen the website and ask the career office). Finally, you can ask some of your favorite firms in India if they recruit from the school.
"5.)Does the MIM degree give you a Jumpstart careerwise in terms of the job profile and pay?"
Well, this depends on many factors - for example, on your current salary, on your individual performance, on the school etc. On average MIM graduates earn EUR 42,500 in their first year after graduating - but the range (in our study) was between EUR 10,000 and EUR 70,000. I recommend you to check out if the school provides average salary statistics of their graduates. Then you know in advance what you can expect.
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