You've made up your mind; you want an MBA.
But should you study in India? Or does it make sense to earn the degree in a foreign university?
What are the costs associated with an MBA?
And what's the most important part of your application? Is it your GMAT scores or your work experience?
Aman Bansal and Rahul Abrol chatted on June 15 and answered questions about domestic and international MBA programmes. They also discussed the GMAT exam -- how to prepare for it and when to take it.
For those of you who missed the chat, here's the transcript.
Yogesh Arora asked,
Sir can you Please Tell me which one Stream is Better to do MBA for a graduate in Computer Engg.Aman Bansal answers, Engineering management.
Manoj asked,
Sir I have got an offer from Virginia tech pamplin for MBA. Please convey the placement prospects after MBA from this institute.Aman Bansal answers, Manoj, my student went there last year. It is a good school from placement angle.
anurag asked, Hi my name is anurag & i m working as consultant( highways) in a consultant firm , i got approximately 4 years of experiment .. My question to u sir , that i wanted to MBA . But my concern is that i wanted to complete the course in one year ... would u plz suggest which r the god institute in india & abroad , what is fee structure ? In abroad what r chances of getting a scholarship .
Rahul Abrol answers, You can go for an MBA executive course of one year. There are few scolarships given for top MBAs.
rohit asked, i already done MBA, but not helpful to me. i want to done againe MBA from IIFT, can i go for it
Aman Bansal answers, Yes, you can.
sandesh asked, I am an Army Officer with 20 years of experience with telecom background. will cracking GMAT help in selecting second career?
Aman Bansal answers, Yes, it certainly would.
Suresh asked, Hi, I am having an work exp of 7 years in semicondutor industry. I want to go for MBA and worked for PE(Private Equity) firm that deals on technology company mainly semiconductor. Please tell me what kind of MBA course i should opt. Regards
Aman Bansal answers, MBA general management or specialisation in equity.
Rony asked, Hi I want to know what should I do to improve my grammar part in GMAT
Aman Bansal answers, Rony, analysis of practice tests is key to improving grammar.
nemesis asked, howz the placement scene for BITS PILANI for MBA
Rahul Abrol answers, Placements are good for this programme.
shirajs asked, Whats the score that we shud luk fwd to for applying in London Business School and also the work exp?
Aman Bansal answers, Four-five years of work experience is average and 710+ on the GMAT.
bunty asked, sir, do all the universities abroad have a mandatory requirement for TOEFL/IELTS
Aman Bansal answers, Yes, it is a mandatory requirement.
Vamsi asked, How are the chances of getting job in AUSTRALIA after finisher MBA there.?
Rahul Abrol answers, You have a good chance getting a job in either Australia or India after Australian MBA.
janaki asked, are there any universities abroad for which work experience is not required?as in finish engg and apply for MBA
Rahul Abrol answers, There are many universities which don't require work experience. Do research.
Akash asked, Hello sir, I am a scientist with 2 year work experiance, and my work is releted to application rather than research I have done M.Sc with gold medal and I am through out first class Now I am planning to apear GMAT for S.P.jain Dubai, And ISB hyderabad will They will consider my Experiance and tell me some other institution from where I can do MBA one year
Aman Bansal answers, NTU in Singapore and HKUST in Hong Kong are good for a one year MBA.
manoj7906 asked, Sir can you tell me which stream is suitable for me too pursue MBA as i am an Post Graduate in Civil Engg. and working in a consultancy firm.
Rahul Abrol answers, You should go towards finance.
dhruv asked, Sir, I heard MBA in marketing in useless as they dont encourage indians in marketing. Is this right ?
Aman Bansal answers, No, it is a misconception and untrue.
mishradebaraj asked, hey reply my question...does a PhD holder need more work experience after the degree to carry out MBA? how long?
Rahul Abrol answers, For a good MBA programme, you should try to have at least two years of work experience.
joseph asked, How much does a MBA cost totally ,from a 2nd tier American university ?
Rahul Abrol answers, Approximately Rs. 15,00,000 (15 lakhs).
indresh asked, hello sir, now i m working in pvt. trading firm, n i also wanna doing mba, so forthat i also trying to do gmat. so plz clear me about gmat n process........plz
Rahul Abrol answers, GMAT is a computer adaptive test. It's recommened for an MBA abroad or in India.
gargonlynitin asked, I am a recruitment consultant with 2years of work ex,amy salry is around 20k per month, Should I go for a regular MBA in institutes like IIPM or ICFAI because I can not get admission in IIMs or Like.
Aman Bansal answers, Wait for a little more time, take the GMATs and try to gain admissions in a US MBA programme.
vi asked, Hi , GMAT 700 Score, 3 years internation , 7 year total experience in IT Currently working as Project Manager will a recent change in job harm my chances
Rahul Abrol answers, No, your work experience is good.
spk asked, Hai Aman Bansal, I have 80% How Much GMAT Score is Needed For Getting into the Top 20 Universities with aid (I have Work Experience of 2 years)
Aman Bansal answers, 720+ on GMAT for admissions, but aid is never guaranteed.
vksacisro asked, Hello Sir, I am vijay kumar (MSc, M.Tech 2 years experience in R&D at IIT Bombay , Powai) If I fulfil all criteria for admission in top ranking MBA colleges in USA, is there will be deescrimination due to age factor?
Aman Bansal answers, No, there is no age discrimination in US colleges.
joseph asked, How much does a MBA cost totally ,from a top 20 American university ?
Rahul Abrol answers, Approximately 20 lakhs.
Imran asked, Hi Sir Iam a software professional with 5 years of experince in IT field and I want to do MBA now. I have done BE in Computer Science. Iam interested in only UK university for my MBA? please suggest how to go about?
Aman Bansal answers, Take the GMATs and apply to business schools that match your profile.
Tanu asked, Hi I am B.tech graduate 2006 passout and working as a software engg since 8 mnths. I want to pursue MBA from INDIA(CAT) but m confused that should i go for correpondence or regular.Plz suggest.And plz suggest some best colleges for correspondence,Also the stream for MBA.
Aman Bansal answers, I strongly suggest regular as opposed to correspondence.
heylo asked, B.Pharm & M.Pharm with 4 yrs exp. in medico marketing, wht kind of score shd i target to get into a good B school abroad. Thanx
Rahul Abrol answers, Above 700 is great, but a good GMAT score is not the only ticket to business school. It also depends on your resume, personal essays and recommendations.
Santhosh asked, Hi, Can I appear for the GMAT exam in December/ January and still make it to the Fall session?(I have 5 yrs work experience so far.) When should I prepare for the subsequent procedures(application, etc.)? Thank you!!
Rahul Abrol answers, Yes, in some universities. You should try and take it at an earlier date.
pushpendra asked, Aman i have ex. of one year in IT which MBA specilization do u suggest me to go for.
Aman Bansal answers, Technology management is good for those familiar with IT.
shirajs asked, Sir, what are the prospects of getting job in India after doing an MBA from a reputed university in , say US/London/Singapore ?
Rahul Abrol answers, You will probably get a great job.
vinaysagar asked, If i want to be an entrepreneur in India , which is better CAT or GMAT?
Aman Bansal answers, Depends on your vision. I recommend the GMAT for its international exposure.
rian asked, Whats the chnace of getting a job in europe if some body gets his MBA from Insead , Iese or IMD ?
Aman Bansal answers, Very good.
nemesis asked, what kind of position i would be offered if i am BE+ME+MBA.. Is itt worth doin MBA after MTech
Aman Bansal answers, Yes it is, positions like COO, technology head, etc.
rits asked, sir i m doing software engg...whether i go with MBA or Ms after my grad. i have intrest in both business n research.... so which field has better opportunity for enggineers
Aman Bansal answers, MBA without work experience is difficult. An MS, though, is very much possible.
imranmd786 asked, Could you pls guide me when will be the batch starts for doing MBA in US and UK
Aman Bansal answers, normally in September
aravind asked, what %aid is said 2 be good aid in US MBA?
Aman Bansal answers, 50% of the tuition costs is excellent.
Madan asked, If i take up GMAT by Sep,which would be the best season to apply for MBA
Aman Bansal answers, October/November would be a good time to apply.
karti asked, I'm working as an executive with Oil PSU, 11 years experience, I wish to take GMAT for joining Exec MBA , Is 1 month prepn sufficient for GMAT
Aman Bansal answers, Please prepare thoroughly. One month may not be enough.
rits asked, can u please tell me whether i should go for MS in india or abroad? and which country provides btter opportunity in MS?
Aman Bansal answers, I would say, in most cases, the foreign degree gives broader career options in the future.
vikky1 asked, I am 3yrs experienced in IT field. I am 25 yrs of age. How is the opportunities for part-time MBA when compared to full-time MBA?. Wuld yu recommend part-time MBA for me?. Where the best??
Aman Bansal answers, Full time MBA is strongly recommended.
arch asked, My husband is interesting in pursuing full time MBA.He has 9 years of software industry and presently working with an MNC as a technical lead. I would like to know what are the best options for him in terms of type of MBA course he chooses and the university he selects?
Rahul Abrol answers, MBA in technology managment would be good. The university depends on his profile and his GMAT score.
Part I: Want an MBA? You'll need to ace your GMAT
