In the year 2007, after I came back from a year in Germany, I had decided that I wanted to pursue a management degree. I had applied to a few colleges for the Fall of 2008. Before I enumerate the colleges, let me give you a briefer of my profile
My Profile
Name: Renganathan Ramamoorthy aka Pangu aka Ravi
Age: 23 years and counting...
Education: Bachelor of Technology in Computer Science and Engineering from SCT College of Engineering (Trivandrum, Kerala, India)
Work Experience: 34 months and going strong... with Siemens Information Systems Limited as medical imaging specialist
International Experience: A year of studies in the US and a year of working in Germany
GMAT Score: 710
TOEFL Score: 115 (iBT)
Ok, let me start with the colleges I applied to. I was absolutely ignorant of the various schools and their profiles, their mean/median GMAT score ranges and yada yada yada. This was not my cup of tea. However, I had a friend, who used to love crunching such information. In a casual conversation in one of the World MBA Tour fairs, he enlightened me with the condensed version of various institutes.
At the end of it, I had to choose
a. What did I want to do post an MBA?
b. What major/specialization am I to choose that will help me in my career post MBA?
c. Keeping points (a) and (b) in mind, which colleges am I applying to?
Premise: I love technology and everything to do with it. I realized (after 2-3 months of deliberation) that I wanted to be a consultant as I love variety in my work. I also realized that I loved working in the global arena as I love interacting with people from various regions, places and culture! I further realized that I also would love brand management/marketing as a potential backer up for my consulting position.
So, out of this, the "global" aspect of it was the most important for me. This made me choose colleges that have
a. A globally focused curriculum
b. Ability to customize my program
c. Provided enough opportunity post-MBA to follow my dream
Let's not get into my short-term and long-term goals, which I shall hopefully introduce later!
Anyway, I had chosen the following colleges to apply to
1. Thunderbird School of Global Management (Ranked #1 for their international focus)
2. Darden School of Business (For their innovative curriculum and tremendous force and focus to mould the students into tomorrow's leaders)
3. Indian School of Business (Phenomenal ROI and 1 year and most importantly @ home ground)
4. SP Jain - which I applied via CAT
I received an admission from Thunderbird and SP Jain. Now, the choice was between spending ~ 2000000INR and 285000INR. Thunderbird had also offered me a 50% scholarship for the tuition. This put me in a dilemma. Here I had on one hand, a sure shot situation of an MBA with an extremely high ROI (SP Jain is one of the premier institutes of India and is consistently ranked in the Top-10 B schools of India). On the other, I had an offer from a B-school heralded world over as #1 for its International Management course, but I have to invest more than 10 times what I would pay for SP Jain and has a pretty poor reputation when it comes to placement (according to the rankings).
It's a tough call based on risk, recognition of your education and the opportunities which lie ahead of you in the future, apart from the cliched ROI, and affordability!
The DecisionIt was not a simple decision! However, what finally rounded up my decision were
1. Conversations with Alums from Indian B-Schools and Thunderbird Alums
2. The innate adventurous spirit (which people seem to think I have)
The first point was very important. I spoke to about 4 different friends of mine (All Business graduates from 4 different MBA Schools in India). They had really good reviews about their alma-maters and also an honest opinion about what they provide. However,
all four of them wanted to pursue a specialized MBA from a foreign university after garnering some work-experience. They claimed that the avenue of opportunities, especially with this pattern of education is phenomenal. They claimed that the exposure you get studying with people from diverse backgrounds (origin, work-experience, language etc) is something that you can't really even simulate within an Indian MBA. That was the single most-crucial aspect that _I_ wanted from an MBA as well. I wanted to gain from the class as much as I had to give it. (Thunderbird 1 - SP Jain 0)
More in the coming days!!!