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Mba applications 101

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This is a presentation by Raviraj Jain, Harvard Business School class of 2013 on the parameters needed to get into a top MBA program.

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Mba applications 101

  1. 1. MBA Applications 101* *Everything you wanted to know about MBA Application Process but didn’t know who to ask Crackverbal GMAT Bootcamp
  2. 2. About Arun <ul><li>Over the last decade Arun has played the roles of a teacher, an entrepreneur, and a professional manager. </li></ul><ul><li>As a teacher he has taught and mentored over 4000 students, teaching topics ranging from hard-skills such as software engineering to soft-skills such as time-management. The main focus however has been test preparation - teaching at major test prep companies in India such as IMS, Career Launcher, Kaplan, and Princeton Review. </li></ul><ul><li>As an entrepreneur he started 2 companies. The first was EximLookup which failed during the dotcom bust in 2001. The second is CrackVerbal, an startup in the education sector that he started in 2006 along with Aruna Prabhakaran (Wharton MBA class of '09) after being frustrated with lack of instructor quality in the GMAT prep marketspace. After working in stealth mode for over 2 years, constantly revising the plan, teaching methodology, and service offering, CrackVerbal was re-launched in the current avataar in January 2009. Since then it has built a reputation as a niche player in this space providing extremely quality learning experience. </li></ul><ul><li>As a professional manager he has spent the last decade working in global companies such as Wipro, Sapient, Arcot R&D, Talisma primarily focused on technology consulting. The last 2+ years were spent in heading the Consulting Services division of a enterprise software product company - focusing on the education and CRM space. Arun brings to the table a rich insight into the value of an MBA, having had a ring-side view of the pre and post MBA transition of his students. He also brings in a very crucial &quot;insider&quot; information about schools due to his network not only among students, and alums, but also, his personal relationship with college admission staff at top Bschools around the world. </li></ul>Crackverbal GMAT Bootcamp
  3. 3. Why MBA? The common reasons <ul><li>More Money </li></ul><ul><li>My Job Sucks </li></ul>
  4. 4. Why MBA? The “Real” Reasons <ul><li>Career Progression </li></ul><ul><li>Career Switch </li></ul><ul><li>Knowledge </li></ul><ul><li>Networking </li></ul><ul><li>Brand Equity </li></ul><ul><li>Self-Growth </li></ul><ul><li>Change of geography </li></ul>
  5. 5. How to select schools? <ul><li>1 year v/s 2 year courses </li></ul><ul><li>Geography: India, APAC, UK, Continental </li></ul><ul><li>Europe, USA , Australia </li></ul><ul><li>Specialization/Expertise </li></ul><ul><li>Profile Fitment </li></ul><ul><li>Acceptance Rate </li></ul>
  6. 6. Typical post-MBA career paths <ul><li>For IT </li></ul><ul><ul><li>Product Management </li></ul></ul><ul><ul><li>Product Marketing </li></ul></ul><ul><ul><li>IT consulting </li></ul></ul><ul><li>For Finance </li></ul><ul><ul><li>Hedge Fund & PE </li></ul></ul><ul><ul><li>Venture Capital </li></ul></ul><ul><ul><li>Investment Management </li></ul></ul><ul><ul><li>Investment Banking </li></ul></ul>Crackverbal GMAT Bootcamp <ul><li>General </li></ul><ul><ul><li>Entrepreneurship </li></ul></ul><ul><ul><li>Sales </li></ul></ul><ul><ul><li>Strategy Consulting </li></ul></ul><ul><ul><li>Marketing </li></ul></ul>
  7. 7. North American Schools <ul><li>Great economy </li></ul><ul><li>Land of Opportunities </li></ul><ul><li>Great schools </li></ul><ul><ul><li>M-7: Harvard, Wharton, Stanford, Sloan, Colombia, Booth, Kellogg </li></ul></ul><ul><ul><li>Top: Haas, Darden, Fuqua, Ross, Tuck, Duke </li></ul></ul><ul><ul><li>Mid: McCombs, Marshall, </li></ul></ul><ul><ul><li>Canada: Richard Ivey, Schulich, Rotman </li></ul></ul>
  8. 8. APAC Schools <ul><li>Closer to home </li></ul><ul><li>Growing economy </li></ul><ul><li>Relatively inexpensive </li></ul><ul><ul><li>Australia: Melbourne Business School, AGSM Sydney </li></ul></ul><ul><ul><li>Singapore: NUS, NTU </li></ul></ul><ul><ul><li>Others: HKUST, AIM,Manila, CEIBES,China </li></ul></ul>
  9. 9. European Schools <ul><li>Good schools </li></ul><ul><li>Easier work permits </li></ul><ul><li>Great culture/quality of life </li></ul><ul><ul><li>Top: IMD, INSEAD, LBS </li></ul></ul><ul><ul><li>Mid: SAID, Judge, </li></ul></ul><ul><ul><li>Others: SDA Bacconi, Rotterdam, Eramus, IESE, ESADE, HEC </li></ul></ul>
  10. 10. INDIA <ul><li>ISB </li></ul><ul><li>IIM A PGPX </li></ul><ul><li>IIM B EPGP </li></ul><ul><li>IIM C PGPEX </li></ul><ul><li>IIM L PGDX </li></ul><ul><li>XLRI GMP </li></ul><ul><li>GLAKES </li></ul><ul><li>SPJain, Dubai </li></ul><ul><li>IIM B PGSEM </li></ul>
  11. 11. Businessweek MBA Rankings Crackverbal GMAT Bootcamp
  12. 12. Some other resources <ul><li>http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-business-schools/rankings </li></ul><ul><li>http://www.businessweek.com/bschools/rankings/ </li></ul><ul><li>http://rankings.ft.com/businessschoolrankings/global-mba-rankings </li></ul>Crackverbal GMAT Bootcamp
  13. 13. Why Us? <ul><li>Write down the schools are you applying and for each school try to write 1 line for each of the points mentioned above </li></ul>Crackverbal GMAT Bootcamp
  14. 14. What are your goals? <ul><li>Both Short-term and long-term </li></ul><ul><li>Be as specific as possible </li></ul><ul><li>Try to write details. </li></ul>Crackverbal GMAT Bootcamp
  15. 15. 4. Why now? <ul><li>What is so important that you have to apply this year and not the next? </li></ul><ul><li>Why not last year? </li></ul>Crackverbal GMAT Bootcamp
  16. 16. Why you? <ul><li>Academic Potential (GPA, GMAT) </li></ul><ul><li>Leadership (Career progression, Extracurricular) </li></ul><ul><li>Teamwork (cross-cultural, cross-functional) </li></ul><ul><li>Unique Selling Proposition </li></ul>Crackverbal GMAT Bootcamp
  17. 17. Questions? <ul><li>Way to contact us: </li></ul><ul><li> http://www.crackverbal.com </li></ul><ul><li> http://www.facebook.com/CrackVerbal </li></ul><ul><li>https://twitter.com/AskCrackVerbal </li></ul><ul><li> http://www.crackverbal.com/?page_id=38 </li></ul>Crackverbal GMAT Bootcamp

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