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How long does it take to repay a loan of around 35 lakhs after doing a PGP from ISB Hyderabad/Mohali? Is it worth it?
To calculate the approximate time it will take to repay a loan of around 35 lakhs after doing a PGP from ISB Hyderabad or Mohali, let’s assume some numbers. That will make the calculation easy to understand.
Rate of Interest: 9.50%
Term of the moratorium: Duration of the course where you just pay the interest.
Loan repayment tenure: 7 years post moratorium period
EMI: Rs. 57,203.93
An EMI of INR 57,203.93 means a monthly salary of around INR 150000 or an annual package of INR 27 Lakhs is required. If you are confident that you will get placed with a similar package and can repay the loan easily go for it. One relevant thing you should consider is whether the knowledge you gained throughout the course is worth it afterward or not. I think only 35-40% of one’s salary should be used in repaying the loan. But that does not seem to be the case here. So in my opinion pursuing a higher education course won’t necessarily benefit you. In contrast, it may become a major issue due to the repayment of loans.
Does a year gap post 4 years of work experience affect the chances to get into ISB Hyderabad drastically?
The Indian School of Business (ISB) Hyderabad evaluates each application based on merit, rather than adhering to a strict minimum or maximum criteria for years of work experience. Freshers may apply through the Young Leaders Program (YLP) or the early admission option. A break in one's career, as long as it can be justified, is acceptable. The quality of work experience, rather than the number of years, is what counts.
Instead of worrying about any career gaps, focus on highlighting the relevant aspects of your profile. If the admissions team finds your application compelling, they may inquire about career gaps, but only after they have been initially impressed with your application.
Which one is better for family managed business program, SP Jain School of Global Management or ISB Hyderabad?
Many people choose to enroll in the Indian School of Business (ISB) Hyderabad due to its reputation and the success of its alumni. However, it is important to note that the SP Jain Global MBA program is also a highly regarded option. In fact, it has been recognized by Forbes and The Economist as a top MBA program in the world, an accomplishment that ISB has not yet achieved. Additionally, SP Jain Global has a long history of providing quality education and producing talented professionals. This is particularly true for the Family Managed Business course, which is taught by a faculty that includes a large number of international university doctorates.
Given its reputation, the experience of its professors, and the specific offerings of the Family Managed Business course, SP Jain Global is a strong choice for those looking to inherit and expand a family-run business.
How are the placement opportunities for Chartered Accountants/ Finance Professionals at ISB (PGP) Hyderabad?
It is advised that you not rely on overly optimistic answers from admission consultants, enthusiastic alumni, or overpaid faculty regarding the opportunities for Chartered Accountants/ Finance Professionals at (ISB (PGP) Hyderabad.
- Placements: Finance jobs are considered to include investment banking, private equity, venture capital, mergers and acquisitions, financial planning and analysis, equity research, credit rating, asset management, and tax and advisory services (by Big 4).
- Faculty: The visiting faculty at the Mohali campus is highly engaged and humble, but the domestic faculty is deemed by a lot of students as incapable and arrogant, with one professor even coming to class drunk.
- Curriculum: The finance curriculum at ISB is well-designed and provided enough material and case studies to students. There are students who also take electives in Data Analytics in Finance and Introduction to FinTech and found the quality of these courses to be good.
Why does ISB Hyderabad charge twice as much as that of IIM even though it's a one-year program?
The cost of obtaining a high-quality management education is reflective of the fees charged by institutions like the Indian School of Business (ISB) Hyderabad. It is important to note that the IIMs have traditionally been heavily subsidized, which has contributed to the difference in cost between ISB Hyderabad and the IIMs. However, this gap is gradually decreasing. It is expected that in the near future, the IIMs will also start charging fees that are comparable to or even higher than those at ISB.
It's worth considering that ISB Hyderabad invests heavily in hiring foreign faculty and engaging in international quality research work, which contributes to the overall cost of education. Additionally, many of the processes at ISB, such as placements, are driven by staff rather than faculty, which also contributes to the higher fees.
What is the best coaching for GMAT for ISB in Hyderabad?
To be considered for admission to ISB, you will need to take the GMAT and submit a strong application and perform well in interviews. To prepare for the GMAT, it is recommended to not join an end-to-end offline GMAT class, as most of these are not effective. Instead, consider joining a specialized class, such as an online GMAT verbal class, if you are struggling with that particular section. It is also important to work with a tutor who has a GMAT score in the 99th percentile. At an advanced stage, consider hiring a private tutor to help you improve your score by 20-30 points.
In terms of application and interview coaching, it is recommended to speak directly with the consultant you will be working with and ask about their qualifications, including the pedigree of their MBA school and their work experience. It is also important to not rely solely on testimonials on a company's website and to ask the consultant how they will add value to your profile. Use your own judgment to determine if the consultant can be trusted.
I got selected for the MBA programs at ISB Hyderabad and Cranfield University. Regardless of the cost which should I choose and why?
When making a decision between ISB and Cranfield, it is important to consider several factors, such as cost, faculty, industry reputation, alumni network, location, and study method. However, ultimately, the best MBA program for any individual depends on their individual goals and preferences.
To make a decision, it is recommended to compare the two schools across at least four criteria:
- Curriculum: Consider whether the program will teach the skills and knowledge you want to acquire and whether it is up-to-date and relevant to your goals.
- Primary learning opportunity: Evaluate the quality of the teachers, the methodology used, the research centers, and the quality of the student body.
- Infrastructure: Consider the resources available, such as the library, special labs, IT network, and digital content.
- Track record: Look at the school's track record in terms of placements, specifically in the industry or field you want to pursue after your MBA.
This may not be the best formula at all times, but it can serve as an example of the things you should keep in mind when deciding on a business school. It can be helpful to create a similar list of your own priorities when making your decision.
What job profiles and pay packages can I expect after MBA from ISB Hyderabad?
Your job prospects are defined by your specialization and the industry or sector you are willing to choose.
Domains like International Business, Sales, marketing, or strategic planning can fetch you a package of around 15 Lakh to 30 Lakh INR. You can expect a higher salary if you invest in your core education and experience.
You can go for other sectors too and secure jobs in MNCs that offer packages as high as INR 50 Lakh. The roles offered by Tech companies like Google, IBM, and GE offer some of the most coveted roles. At the end, all that matters is your profile and your job inclinations.
How good is IIM Lucknow as compared to IIM A, B, C, and ISB for Consulting and Network Building?
In India, IIM Lucknow is worth far more than ISB, particularly in MNCs and finance/marketing jobs.
The talk of a consulting and network-building pedigree revolves more around their flagship PGPX program and their tentacles in Microsoft and Cisco, both of which recognize the limited role of an MBA in their industry and provide well-defined jumps to ISB graduates back on campus. In the last 2-3 years, IIM Lucknow has done fairly well in global placements, and the sky is the limit for the right student.
It is clear that your decision should be motivated by your prospects of performance at either campus and should be carefully considered.
It is true that those who can balance pressures and perform consistently have an advantage when it comes to placements on campus. Also, mobility in the industry should matter without the help of your b-school label and should be about your performance on the job in making friends. Students from each campus meet everyone on an equal footing in the industry.
Only if you accepted a different field in your campus placement or were assigned a backroom job will you face unequal pressure, as neither pedigree allows you much mobility.
Is ISB Hyderabad easy to study in for a student with 2 years of work experience?
If you are a student in a class and have some amount of work experience, you will be able to relate the learnings to your work experience earlier. This will help you frame better opinions and ideas related to the subject being taught.
The program delivery in class is designed in such a way that students are expected to participate in discussions about the subject being taught. By participating actively, you will be able to enhance your learning experience and gain more insights into the subject.
Even though there is no correlation between the ease of study and work experience, the Indian School of Business (ISB) requires a minimum of 2 years of work experience for admission. If you meet this requirement, you are eligible to apply for the program.
If you can relate the ease of study to scoring well on exams, then it is worth mentioning that many toppers in the program have 2 years of work experience.
It is true that there are different levels of work experience among students in the class. This mimics the real-time environment at work where you have to work with people of different levels of work experience. This diversity adds a lot to the learning experience and helps you gain a broader perspective on the subject.
To sum up, having work experience before joining a program like ISB can be beneficial as it helps you relate to the subject matter better and gain a broader perspective on the real-world applications of the concepts. However, it is not a requirement for admission, and the program is designed to accommodate students with diverse backgrounds and levels of work experience.
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