An MBA is considered to be a passport to a higher paying job
On countries that are most preferred by the Indian students
I think US has been the hotspot and the preferred destination in the minds of the Indian students and there are several reasons for this like the liberal & flexible education system, high ranking colleges that every body knows etc. Harvard and Stanford for example, are household names in India. Traditionally US has an aspiration value due to its rock solid education system and I think US will be the preferred choice for anybody who would like to go for their higher studies. The second spot would be UK & Canada, while Europe, Australia and New Zealand would fall a little below them. .
Disciplines that attract most students
I think Indians have an obsession with engineering, Medicine and the Management. If you leave aside medicine, which attracts a small portion of students, the bulk of them who go out from India would be either for engineering or for the management degree.
On an MBA from aboard
In India people do an MBA to get a higher paying job. The reasoning appears that if I am a fresh graduate I would get 15k, if an engineer, I may get 25k, but if I do an MBA after my graduation, I would earn at least 40k per month. But most foreign universities do not treat MBA degree in the same manner.
Whether it is USA or UK you need to have a good job in order to go for an MBA in the first place. MBA degree there is a “career progression degree” and is not a “job finding degree”. That is the primary difference.
Thus to get admitted into a good college abroad, you need to have substantial accomplishments. A good GMAT score is a beginning, but will not guarantee you a seat. In USA or in UK or in any other country MBA degree is for working professionals and is also looked at as terminal degree - meaning people rarely people would go for a higher degree like PhD after an MBA.
On engineers moving to MBA
A significantly large percentage of engineering graduates who come to us for counselling want to get away from engineering. Many ask us can I do MBA immediately after engineering. To them engineering was a degree they pursued and not a profession they want to practise. They want to pursue something softer. So they end up looking for programs like Master’s in fields like MIS, Engineering Management rather than their core branch of engineering.. Their focus is to do an MS, get a job abroad, work for a few years and then go for an MBA.
“Would you take advice from a doctor without meeting him in person? The same applies to counselling. Face-to-face counselling is what students and their parents expect”
RAJIV GUPTA, CEO EGE Global Education
On the need for experience before an MBA
Those who want to pursue a management straight after their Bachelor’s degree without work experience can go for an MS in Mgt or International Business rather than an MBA. Most top schools will only admit people into their MBA program, who have 2 or more years of work experience. While some colleges overseas do accept fresh graduates into their MBA, they are certainly not highly ranked ones. They might be doing so driven by need to have a diverse class and full fee paying International students.
On the type of counselling that would sell in India
In India there is strong preference to have face-to-face counselling. The online, web based counselling may not work so well here. Several companies including MNCs have tried to operate on this model by saving on rentals and infrastructure costs by hiring office in a non prime area and having best professionals to advice students over the web. However, would any of us be comfortable in taking advice from a doctor without meeting him in person? The same applies to counselling.
On the type of students who opt for counselling
People want face to face interaction. Companies like ours get more business from the cities where we are based simple because we are not able to effectively service the customers in the peripherals or remote towns.
Dreams are the same for students whether they are from urban, suburban or rural India. So the demand for good counselling is quite high. May be 10 to 20 times more than what one gets from metros. But the challenge is in effectively servicing these Tier 2 or Tier 3 cities with qualified competent manpower who is willing to live and work there.
On the efforts to reach out to students
While we do advertising in newspapers, cinemas,and even TV, the best way to reach out to students is through high engagement seminars . Besides seminars in schools & colleges, we organise the Ivy League Conclave in major cities where our Mentors, who are graduates from Ivy League and other world renown Universities interact with the students and tell them how they made it and how they too can. These conclaves are driven by our firm belief is that someone who has walked the path himself is in the best position to guide you. The whole event is very motivational.
Questions in the forum are some times as basic as I have 60% of marks, can I go to a top university? Is my degree eligible? On the other hand we might have an IITian with 6 years of work experience wanting to know what leadership qualities Wharton is looking for, from its MBA applicants. It is all free since we want educate students and give them as much information and advice that we can.
Rajiv Gupta is an alumnus of BITS - Pilani, Faculty of Management Studies (FMS) - Delhi and Harvard Business School with over 20 years of corporate work experience with large Indian and multinational companies.