Dear friends,
I need genuine advice from all of you.
I am currently working in an MNC drawing a salary of 10 lakh per annum. I had applied for immigration 3 years back and have just received a final call. My passport is currently being processed. In the interim, I had also applied for an MBA in a couple of Canadian business like Richard Ivey and University of Toronto and have secured admission.
Currently, I am planning to leave my job, take a loan to finance my 2 year MBA and land in Canada in August this year. Do you think that it is a GOOD decision? Some people say that it is not worth leaving a good job and taking a plunge in a not so growing economy. SOme say that if one does an MBA from a reputed b school, he is sure to get a good job of say atleast Cn$80,000 an would be in a different league. This, they say, is the best way of immigrating though it means paying off debt for a couple of years.
I NEED advice from you since it is a MAJOR decision for me. PLS HELP
Location: Ottawa (Now in Bangalore)
Posted on: 23-03-05 01:42:06
Quote:
Orginally posted by lombard
Dear friends,
I need genuine advice from all of you.
I am currently working in an MNC drawing a salary of 10 lakh per annum. I had applied for immigration 3 years back and have just received a final call. My passport is currently being processed. In the interim, I had also applied for an MBA in a couple of Canadian business like Richard Ivey and University of Toronto and have secured admission.
Currently, I am planning to leave my job, take a loan to finance my 2 year MBA and land in Canada in August this year. Do you think that it is a GOOD decision? Some people say that it is not worth leaving a good job and taking a plunge in a not so growing economy. SOme say that if one does an MBA from a reputed b school, he is sure to get a good job of say atleast Cn$80,000 an would be in a different league. This, they say, is the best way of immigrating though it means paying off debt for a couple of years.
I NEED advice from you since it is a MAJOR decision for me. PLS HELP
Lombard, why dont u have ur cake as well as eat it . Take a break from ur job (i.e., no-pay leave)..Finish your MBA...search for jobs in Canada (or the USA) with ur MBA degree. If you can get a job it would be great..If not, you can always have your old MNC to fall back on (and you can always negotiate a better deal in view of ur MBA)
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Quote:
Orginally posted by Ottawa_Nerd
Lombard, why dont u have ur cake as well as eat it . Take a break from ur job (i.e., no-pay leave)..Finish your MBA...search for jobs in Canada (or the USA) with ur MBA degree. If you can get a job it would be great..If not, you can always have your old MNC to fall back on (and you can always negotiate a better deal in view of ur MBA)
I like this reply, and find this a sensible one. Nerd, where were you, when I was about to immigrate and left job etc, with nothing to fall back.. eh?
U mean that there is a possibility that I may not get a job :-(
Not everyone gets a study leave, even without any pay.........
I think Landed Immigrants qualify for a Federal Student Loan if they have resided in Canada for 4 months. This is different from OSAP.
Check out the following Link
http://www.canlearn.ca/nslsc/multimedia/pdf/infoguide_e.pdf
DT
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Quote:
Orginally posted by lombard
Dear friends,
I need genuine advice from all of you.
I am currently working in an MNC drawing a salary of 10 lakh per annum. I had applied for immigration 3 years back and have just received a final call. My passport is currently being processed. In the interim, I had also applied for an MBA in a couple of Canadian business like Richard Ivey and University of Toronto and have secured admission.
Currently, I am planning to leave my job, take a loan to finance my 2 year MBA and land in Canada in August this year. Do you think that it is a GOOD decision? Some people say that it is not worth leaving a good job and taking a plunge in a not so growing economy. SOme say that if one does an MBA from a reputed b school, he is sure to get a good job of say atleast Cn$80,000 an would be in a different league. This, they say, is the best way of immigrating though it means paying off debt for a couple of years.
I NEED advice from you since it is a MAJOR decision for me. PLS HELP
I don't think leaving a good paying job and coming to this land of hardships is a good idea. You might regret it. It sounds like you have nice professional profile, you can easily get into any top business school back home. IIMs are tough to enter, but its worth giving it a shot. And if not IIMs, you can always look into other premier institutes like NMIMS, XLRI, ISB, Symbi, FMS, IITs. etc.
ISB can be your best bet, its a little costly though. But its worth it. Try looking into the placement scene of these institutes and you will find that once you are done with your MBA from any of these institutes, you will have a lot more lucrative oppurtunities to move to the west, and to much better countries than Canada.
Immigrating to canada with your profile is not really a good idea.
Cheers,
Manjeet
Location: Toronto , ontario , ca
Posted on: 29-04-05 20:55:37
Hi Manjeet
You are leaving a decent lifestyle in india which is a risk and make sure that ; that risk generates a return that is sufficient enough and moreover there is a oppurtunity cost of time as well.
Moving to canada and going to ivey or U of T is an experience of a lifetime and you will never ever get this oppurtunity again.The next oppurtunity will be better or worse but not the same.
What do u want in life ask this question to yourself and verify where will u get it India or Canada.
MBA is not only about money making but about shaping your life and increasing your horizon whereby you create more wealth.
on monetary terms I would not even suggest IIM's as i have few friends in IIM's Xlri and most of the other top notch institutes mentioned.The general package is around 6-8 Lakhs.ISB would be a good bet else also look into Asian Institute of management in Manila but then Canada is a different league and An ivey or U of T will shape u in a totally different manner than all those institutes mentioned before.The difference wont be the curriculam but the people you will interact with.
I hope it helps you.
Nishit
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