Location: India--> Heading to Canad
Posted on: 01-03-09 13:24:24
Hello All,
Well for starters, I just joined this community and this incidentally happens to be my first post.
I have secured admit to Richard Ivey's MBA program starting May 2009 and I need advice really bad..
How good is the institute and is it worth spending CAD 72k? What are the prospects of employment after graduation considering today's economic scenario (I am planning to get into Management Consulting so am specifically concerned about Consulting career)
Currently, I am trying to arrange for funds and see what can be done. In the meantime, if any of you can share any information which may be helpful, please do soo.... I'll really appreciate it.
Regards
Location: Somewhere in dreamland
Posted on: 01-03-09 21:02:58
It really depends on your family's financial situation.
Gone are the days when taking a loan and doing a degree at a western university would guarantee a plum job for life.
Location: India--> Heading to Canad
Posted on: 01-03-09 22:04:59
Quote:
Originally posted by brown_bear
It really depends on your family's financial situation.
Gone are the days when taking a loan and doing a degree at a western university would guarantee a plum job for life.
Hello Brown_bear,
Thanks for your reply. It would be great if you could shed some light on the job scnario there right now. What would you say are the chances of getting a decent job which would take care of my living expenses and the monthly EMIs of the Loan?
The biggest difference between the perception of MBA between India and N. America is that the MBA is something that one does to add to one's qualifications in India to secure that first big break, so MBA students in India tend to have zero to 1or 2 years of work exp.
In N.America, most MBA students are in their late twenties to early thirties and have a minimum of 5-8 years of work exp. Due to the recession, many out of work people are enrolling in MBA programs betting that by the time they graduate the economy will be on the way of recovery.
I have a friend who is a Masters in Architecture (from Univ of Windsor) and was working in one of the top firms and pulling in a $120K and had experience of 7-8 years. She was interested in changing to financial services, so she enrolled in Rotman a couple of years back and graduated last summer. Not only she was not able to find a job in financial services until earlier this year (and that too around 90K) but she missed out on two years of wages , so the total cost to her was around $350-400K( if you add in teh cost of the program). Maybe she will be better off in the long run, but it is a lot of pain and angst in the short term.
So, when you enrol in the program remember that you will be competing with a lot of hungry "local" people with "Canadian experience" by the time you graduate.
If you are willing to fork out so much, you might as well spend $20K more and try for one of the top 10 schools in the U.S.
Do not do your MBA in Canada, because it is tough to break into management consulting in this country. Consulting companies are looking for their employees to project a certain image so that they can sell services, unfortunately immigrants do not figure highly in their plans since they are regarded as poor salesmen. If you are an exceptionally smooth talker, with a knack for selling, extroverted and play golf, love ice hockey consider management consulting. Dont think that just because you are exceptionally smart companies will hire you.
