MBA degree abroad - “An MBA is a means to an end. As long as you do the research right, and know what you are looking for, they will be willing to consider you,” says Mr. Jatin Bhandari, CEO and Co-founder of PythaGurus, which has been training students to crack the admission process in top ranked international universities abroad.
As an aspirant who plans to pursue MBA abroad, there are a couple of questions that you need to consider:
Why an MBA abroad?
How will it benefit you?
How to go about it?
According to Mr. Bhandari, a global MBA programme always has an edge as it not only introduces the student to a diverse perspective but also introduces him/her to new teaching methodology and research in the international field.
Here, the Chief of PythaGurus lends his insights on pursuing a management programme abroad and how work experience counts at the time of application.
Below are the edited excerpts:
Q: An increasing number of students from India are opting for GMAT as the concept of a global MBA is gaining popularity. What gives a global management degree an edge over a domestic one?
A: If you compare average salaries with the tuition fees of international management programmes, global MBA programmes have better return on interests as compared to Indian programmes.
Also, students get to work with the mature leadership of the companies in their international offices and get a very diverse perspective.
Additionally, case studies, teaching methodology and research in the international programs are more updated, intense, and the candidates face a more rigorous program. It enables them to perform better on their first jobs.
Alumni network is more diverse, and more widely spread across the world. This gives the applicants the flexibility to move around various geographies.
Q: How important is a work experience when it comes to earning a place at top B-schools abroad?
A: I will encourage everyone to work for a few years before they can think about an MBA program. Without work experience, they will have an artificial understanding of an MBA program and will feel that it will give them some sort of managerial perspective and they will get to work at a higher salary. While all of that is true, it will not be possible if they have never worked in life. They might just end up wasting their learning opportunity.
They need to first work in the industry and learn to operate in a professional environment. Learn to write emails, learn to face rejection in a professional set up, work with difficult bosses, work with peers who do not approve of all your ideas. Once they get through a rigorous learning, it will make a lot of sense to apply to top MBA programs.
Also, working in the industry will make them understand what is it that they are looking for from an MBA program. When they apply, they should have a great understanding of their short and long-term aspirations. They should know which are the companies that they would be working with post MBA. Even if they are not certain of those companies, they will still know how to rule the wrong ones out. Without work experience, they will be a part of the fancy world that may not give them what they are looking for.
Q: Besides, GMAT, GRE is also accepted by many international B-schools. Do you think GMAT faces competition from GRE in terms of students planning to study abroad?
A: GMAT is still the primary exam for MBA programs. While schools do accept GRE scores as well, I still feel that GRE test is popular amongst MS aspirants and not MBA.
Q: Which are the most common areas of study for GRE candidates from India?
A: Engineering, Sciences and Arts
Q: What are the major hurdles that a student faces while considering an education abroad?
A: Lack of goal clarity. They think that it is all about the entrance tests such as GMAT. They fail to realize the importance of the stories and essays. They get this failure first hand by submitting a below average application. We work with many reapplicants every year and realize that applicants want to make the same mistake and learn from first hand experiences. I wish everyone could understand that the entrance process for IIT/IIM is different from top international programs.
Think about it this way: An MBA is not an accomplishment. It is a means to an end. As long as you do the research right and know what you are looking for, they will be willing to consider you.
Thought of Financial Aid: Very surprising but I have never seen anyone getting stopped from doing an MBA because they did not have sufficient funds. Lots of MBA programs have huge scholarships and loan programs that will enable applicants from even the middle class families (or even service class or lower). Once the student makes up his mind, financial aid will never be a problem. The problem is that many applicants are not willing to do the research to even find this out as they are afraid of the DOLLAR Tuition Fees that is flashed all over the websites. As long as you have the story, work experience and a GMAT score, you can do an MBA. The bank balance of your father is not even a factor to consider.
Q: Tell me about Pythagurus. What kind of model does it follow?
A: PythaGURUS’ works on three prime things
- MBA Admissions consulting: We work with applicants aspiring to join MBA programs such as Wharton, Columbia, Harvard, Stanford, London Business School and other top tier B-schools across the globe. In this endeavor, we created scholarships worth 2.23 million USD this year.
- Interview Ninjas: We have rolled out products that will help applicants to prepare for both the MBA Interviews and the job interviews. Through these products, people can accomplish much more in a job interview.
- GMAT Preparation: We also run GMAT classroom training models to prepare people for the GMAT entrance examinations. In these programs, we run weekend and weekday classes for working professionals and college students.
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