Tuesday, 29 March 2016

Seasoning MBA Application @ US – Part 4 – Employability and Finance Post MBA

MBA Admissions Race Part 4

MBA is a life changing option, I learnt in the due course of time. Yes, entering into the part 4, the last part of my Admissions Race. I have now got admitted into a top B-School though I am not sure if I will accept that offer.

It is a very big investment for a normal person from Asia or other developing countries where the average salary is less than 2000 USD per month. Good Schools will get you good offers, average schools get you average offers. Reading back to the Season 1, you need to choose the group where you will be able to suit up.

If your primary goal is all about getting an offer letter from a top company like Deloitte or BCG or others then the move should be very cautious. Yes, getting placed is more important because your mindset is too poor to get only an offer letter after MBA. If you consider taking up a risk of being an entrepreneur I would have rather appreciated your move and there is a value for your MBA and the alumni base. Most of the MBA Grads will get at least 1 offer within 3 months of the completion of the course, don't ask me about the Title or Package as it depends on the institute you have chosen.

Note that there are highly paying jobs, but still you should understand the practical situation that the highly paid jobs are trapped only by 1% of the total successful outcomers. Always have a Plan B, life is full of uncertainty.

On an average the course fees in US is around 75000 USD ++, you would need almost 3 years to repay the same if you have a decent job and staying away from the family and family expenditure.

More strategic plans for solving the Expenditures and financing the MBA is discussed in my upcoming book with various case studies.

Thanks for reading my posts constantly.

Sunday, 6 March 2016

Seasoning MBA Applications – Part 3 – Evaluation

My Part 2 of Seasoning MBA Applications begun with BIG THANKS and now my Part 3 of Seasoning MBA Applications beings with an Extra Large THANKS and apologies for the delay. This is a 4 part experience based information guide.
The following are the 4 parts:
  • Seasoning MBA Applications – Part 1 – Basics
  • Seasoning MBA Applications – Part 2 – What they need?
  • Seasoning MBA Applications – Part 3 – How they evaluate?
  • Seasoning MBA Applications – Part 4 – Employability and Finance Post MBA
MBA Admissions Race Part 3
I will describe the reason for the delay in the later part of my post. Evaluation is the most critical part of one's MBA application and one's judgment. You read it right, Individual Applicant's Application and Judgement of the Admissions Office(r). I tried to attempt a DDoS ( :P ) in each and every location where I applied for or my bro applied for. Most of the schools use the rubric as the key methodology. A stern analysis was done when the admissions officer gave her decision over the phone or email. If one has seriously taken the process of the application while opening that decision email, you pulse rate should be abnormal. Oh, I read the decisions in the restroom!
I wanted to take the rest of the process into two phases i.e. what to do and what not to do!

 MBA Applications - What to DO?

Firstly, you need to have good academic scores if you are a fresh graduate. Yes, they have a strong influence on how the admissions are about to proceed. Also, the base institute accounts to the Admissions Officer to ensure your capability. If you had been in Military Services (only US), then the chances of relaxation are bit higher. Though most of the Universities in the US do a holistic approach, still when facts are considered for the admissions, this score plays a key role.
As said earlier, if you have taken up GMAT, well and good. If you have not taken up GMAT, instead you have a GRE score, do convert the same officially in ETS website. Most of the top 50 B-Schools expects to have over 80% of the score either it be GRE or GMAT. Reiterating, for those who have taken GRE and planning for MBA, please take-up GMAT immediately. And some schools also require IELTS / TOEFL tests to be taken, check their requirements and be prepared. All the test scores are valid for 5 years only.
There is a term called the legacy, yes you could have seen this question in most of the applications if you have started applying for. "Are your parents alumni of this B-School or University?". If your parents are alumni of the institute you have a greater advantage over the normal applicant. Again would like to warn you that there could be the competition or race between legacies. Certain institutes accepting only 15% of the applications are prioritizing their admissions for these candidates.
The next factor is the TALENT. Applicants having admitted into those B-Schools have an extraordinary skill or proved talents. If the B-School is questioning "What is the major achievement in your life?" and if you are responding, "I am father or mother for a son and a daughter!", it will give laughter in the screening committee, but will not give you an admission. Say something unique about you, try to convince the admissions officer that you are fit to enter into their B-School. Only tests and scores are not the life and that is not expected from an MBA Candidate at any point in time.
Course interest should be clearly exhibited in your application. For the case, if you are planning for Finance some courses related to Finance and/or prior experience in Finance is recommended. This will increase the chance of getting the admission into the school.
Essays! Most or even ALL  the schools do require you to submit the essay(s). They determine various factors about you and they speak a lot even more what you could speak in the interview literally. There is only a thin line between the case of being accepted and the case of being rejected. You can easily overcome this thin line with your essay. In the entire application process, while filling the application, an applicant have control over only this part. The style of your essay should such pleasing that the Admissions Officer is upvoting your application. They should internally feel that they have to meet the candidate or speak with the candidate to learn more about them. The strategy of handling the process of compiling the essay should be speaking both your personal life as well as your Professional Life. Writing something mundane would be easy, but not worthy. B-Schools see for the perfection and crispness of expressing your contents publically.
Work Experience could play a vital role in the eligibility of the MBA admissions at the UK, but as far as considered for the US even some top schools are accepting the applications from freshers. In my point of view, I could say that this is absolutely ridiculous and cannot be accepted. For a good MBA, it requires a minimum of 5 years experience along with  2 years of the managerial role as at least Team Leader. Without this, he / she can theoretically gain MBA, but the actual fruit cannot be tasted.
Recommendation Letter indicates your performance as an employee or as a reporting head. First and foremost beware that if you are an excellent employee of the organization, he wouldn't love to miss you from the organization. He would act as a clown and help you greatly to turn down your application. Be straight forward and don't bluff or provide ballant information for the recommender to pull in. Mind that most of the applicants are better forger in the case of Recommendation Letters as they train their recommender to complete the forms.
Resumes should be strictly 1 Page Resume in U.S. style. Don't go for the normal 3 or 4-page resumes. First understand what to be said and what not to be said. I happened to read a resume which indexed the total family into it. Also, it had information about their 2 dogs. Apparently I have 3 dogs but never mentioned in any of the application.
Extra Curricular Activities or volunteering activity doesn't only includes giving food to the poor or homeless. There are many activities around the world. Serving as an Honorary Chairman is also a volunteering activity. When your academic scores are not that great, I recommend you to have more and more activities. A track record of prior community service and extracurricular activities is a good indicator of community engagement at business school as well as another opportunity to assess some caliber of the applicant.
[ecko_quote source="KK"]MBA gives you an opportunity to be HIRED, but it doesn't TRAIN you....[/ecko_quote]
Awards and accomplishments are more important for exhibiting how you are better than the others racing on the same track. This says how you are better when compared to others.
Confess Things in the optional essay whatever be deficient in your entire application. Let it be a low GMAT Score or low GPA or whatever be the case relating to your application. This will make the Admissions Officer little bit confident about the movement of the application.
Interviews are just again another step of your application process and you are going to lively replicate what you have quoted in the application. If you are comfortable in making for the in-person interview, go ahead. Or else make it online or through other sources. A notable stuff here is Eli Broad College of Business of Michigan State University had a pre-interview which was through an automated stuff. That was pretty cool, but it fails. The reason is it has a set of 5 questions and the time for getting prepared is only 30 seconds. For a good practice session, one can create dummy accounts and attempt it, as well as finding the link is also difficult.
Application Interests is the last but not the least. The admission officers of top rated b-school will look for the interest of the student on their application. Interest translates to campus visits, emails, and phone calls. But be careful that you are also not exploiting these options. Attitude matters here.

MBA Applications - What not to DO?

Send application without Proofing - This is the most common mistake every MBA applicant would do in their first application, by mistake. Please read through the entire contents and do a spell check of the entire document before submission.
Send application without filling all the particulars - Certain important facts about the applicant which would haven't been marked as the Mandatory field could have been skipped. The best example is listing all the employments is recommended but only the last employment would have been marked as a mandate.
Send application beyond the deadline - These days, the applications are online. But still they have categorized Early Action Round, Round 1, Round 2 and so on. I would personally prefer you to be ready for Early Action Round rather thinking about further rounds if you wish to get admitted into the top schools.
Sending application without sticking to the guidelines - Do never cross the limits nor drop to a greater point. Yes, you need to stick on to the instructions provided in the description point. Violating them will make the Admissions Officer unstable with your application. Mostly if the essays are limited to 500 words, stick to it. Yes, you know a lot, but the AO is not having that much to time to read it.
Send application without basic homework - Understand the application process and how it is connected with each other. The chain should be perfect without any break.
Send application with mispresented Facts - Another area who try to exaggerate themselves use to have this information in their application. The Admissions Officer will surely know your ability and this could lead you into a big trouble even later.
Send application with low attitude or immature style - Doing something creative is important, but at the same time, doing something clumsy will affect your acceptance rate.
Excessive Application Interest should be avoided, if you are performing a top-down approach then you should have heard about reaching the admissions office through email or phone. Don't perform it too much.
Bad Recommendation Letters - Off my ascertaining in the past days, I saw a recommendation letter from his friend. Choose the best recommenders for your life. Yes, your friend can say about you very well, but cannot judge you with his information.
Bad Resumes are one of the bad pointers in your application. Giving 7 pages resume or biography is not recommended. I am trying to spot out the right template, still stuck up. Will get it shortly.
Selecting schools are more important. First have a look at the class profile and ensure that you will fit into that group.
Will meet you back in part 4 shortly, until then a bye...

Sunday, 14 February 2016

Seasoning MBA Application @ US - Part 1 - Basics

mba

Oh! Yes, this segment is completely a new topic when comparing all my previous posts. Planned to complete in 4 Parts. Will see. :-)

The following are the 4 parts:

  • Seasoning MBA Applications - Part 1 - Basics
  • Seasoning MBA Applications - Part 2 - What they need?
  • Seasoning MBA Applications - Part 3 - How they evaluate?
  • Seasoning MBA Applications - Part 4 - Employability and Finance Post MBA

There is a strong reason for composing this post now. Yes, few might have been aware about of the reason whilst most of them wouldn't know the reason. It is the real time to confess on this stuff. I would like to pursue my full-time Master in Business Administration in a reputed institute. Reiterating, FULL-TIME.

The goal was little bit budding within me since 2013 when there was a spoof content in some website defaming me. Left it uncared due to the vigorous other works including various Governmental and Inter-Governmental tasks. Added a fame to my thought, I discussed with one of my best, close and mentally intimate friend in the early 2015. To my surprise even he was having the same idea and he never revealed it to me as he is an psychopathic attitude guy. Started searching for the Best Ranked B-Schools.

We both applied for few Universities and we had invitation from few Universities. I wanted to pursue my MBA along with my NBRS [Non-Blood Related Sibling] owing for various reasons. Will be analyzing my case and will strictly discuss my case here, as I don't have any rights or permission from him to discuss about his case though I know each and every detail about him and his application.

So before proceeding, I wanted to give some information about my application. With almost 6.5 years of Entrepreneurial and Governmental Experience I have started my applications. I took up GRE instead of GMAT test as the entry requirement and was on an average of 35 percentile. My Under-Grad GPA was 3.67 out of 4.0. I had almost 192 research publications, 4 patents and wide international exposure.

It was lovely to get re-connected with various people whom we had connection before bunch of years, had recommendation and references from an University Professor, Chairman of Deloitte, Partner of EY and others. My application got through at some universities luckily or by some unknown means. Unfortunately my NBRS didn't even get invitations. You could learn what an US MBA Admissions Committee member is looking from you out of your application in Part 2.

First thing about the applications are that you going to enter into a lottery program. Pray Well before starting. You should understand that each and every application is a time consuming process and dedicated time should be allocated for each and every case. With all my experiences, total time required on an average for 1 application is 8 - 14 hours if you are genuinely filling in all the particulars without CCP (Cut/Copy/Paste) Technique. Following which there is a standard rule that you have a very professional email ID which is being used for these application process.

Some of the bad email IDs are as follows.

  • robertthedatingguy@gmail.com
  • petertheseducer@gmail.com
  • stb.waitingtodate@gmail.com
Some of the professional free email IDs are as follows.
  • robert.a@gmail.com
  • peter.brook@gmail.com
  • swaminathan.thangapan@gmail.com
Use the same email ID from GRE / GMAT to the final stage of the application. Never change the email IDs inbetween as per your wish.

Concentrate on the Essay Part as they define who you are actually to the AdCom (Admissions Committee) members. The recommendation also holds certain quantum of value for the application and this will be discussed in Part 3 of this season. Be truthful for what you fill-in. Prepare a business resume which is short and crisp. The resume should have only 67% - 69% of text on the total frame. Some B-Schools do have Video Interview before the actual screening of your application, ensure that you face them with full of confidence and attitude.

Transcripts, most of the B-Schools do ask your transcripts to be evaluated by WES / ECE who are accredited by the NACES. Please do scan your transcripts legibly.

The last one is the Application Fee, for countries like India / China / Korea / African region the application fee is a big issue because of the very low currency values. On an average per application submission fees would be USD 100 and when you submit 10 applications it would cost you USD 1000 which is almost twice the salary earned by a normal professional with 5 years of experience. The investment should carry your worth. If you know that you will not be selected in Harvard Business School, even then applying for the same could make you to lose your hard earned money. See the median score of GMAT and the class profile. Put yourself into those positions and see if you could fit into it.

And before concluding couple of bonus points:

GRE vs GMAT

GRE is applicable for MS as well as MBA. Most of the B-Schools in United States of America do consider your GRE score. You are requested to look into ETS website for having the score equivalence. If you have decided to go for MBA, then I do recommend you to go for GMAT strictly as most of the B-School do assume that the applicant was not serious about his MBA career and took GRE to give a best try.

TOFEL / IELTS

Every B-School have their own list of countries which are exempted from taking these English Language Tests. To put in a nut-shell, if the medium of your course was in English language and all your records are in English, you could approach them and request for International Language Test Score waiver.

Will meet you back in Part 2...

Friday, 8 January 2016

Gift Kit for eVisa Tourists to India

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The worst faced problem by any Foreigner visiting to India is the Communication. Getting a SIM card and the tedious activation process by the TRAI pulls back their interest in getting one.
This is an interesting development, and probably a first for any country across the globe. Ministry of Tourism has planned this new initiative, that will help new tourists in India.
Tourists landing in India on e-tourist visa would soon be getting a “gift kit” from Tourism Ministry which would consist of SIM card, among other things.
“This will be gift from Tourism Ministry…it will be handed over to the tourists arriving in India on e-tourist visa,” a Tourism Ministry source said.
The “gift” would consist of a SIM card which the tourists can use for making calls after they have recharged it.
Besides, it would also consist of maps, booklets and CD with information about various tourists destinations, guidelines relating to dos and don’ts, details regarding whom to contact in case of any emergency, among other things.
UK Tourists thronged India  the most in 2015 with over 22.8 percent visitors from that country. US visitor numbers were second highest with 16.70 percent followed by France (7.09%), Germany (7.02%) and Australia (5.53%).
New Delhi Airport received nearly half (50.93%) of all these visitors followed by Mumbai Airport (20.54%), Bengaluru Airport (5.90%) and Chennai Airport (5.61%).
E-visa facility initiated by the Modi Govt. in 2014 is continuing to break all existing tourism records. In the month of August 2015, 724% more International tourists entered the country, compared to previous year in the same period.
In month of October 2015, e-Visa tourist set another record by registering a growth of 1987.9% – A total of 56,477 tourist arrived on e-Tourist Visa as compared to 2,705 during the month of October, 2014.
If you take 10 month period between January to October a total of 2,58,182 tourist arrived on e-Tourist Visa as compared to 21,995 during January-October, 2014 registering a growth of 1073.8% .

Saturday, 14 November 2015

55 Things to Do before You Die

The 55 things listed in a A->Z format. 

1.       Add a Lock to the Love Lock Bridge in Paris
2.       Adopt a rescue pet
3.       Attend a cop-raided party
4.       Bathe in Milk
5.       Break a Guinness World Record
6.       Climb a mountain
7.       Conquer a fear
8.       Disconnect for a week
9.       Donate Blood
10.   Donate your hair for cancer
11.   Drink Beer at Oktoberfest in Germany
12.   Eat something you wouldn’t usually
13.   Feel Great in a Swimsuit
14.   Follow a dream
15.   Get a ‘regrettable make out’ story
16.   Get arrested
17.   Get in a mud fight
18.   Get in an ice snow fight
19.   Get your fortune read
20.   Give a Shelter Pet a Home
21.   Give your lunch to a homeless person
22.   Go on an aimless drive
23.   Go stargazing
24.   Go to a major sporting event
25.   Google yourself
26.   Grow your own food
27.   Host a cocktail party
28.   Host Christmas / Diwali / Ramzan
29.   Karaoke with your Siblings / Best Friends
30.   Learn a foreign language
31.   Learn a new skill
32.   Leave a note for a stranger
33.   Let Go of a Floating Lantern in Thailand
34.   Live in a different country
35.   Make a Call from a London Phone Booth
36.   Make something from scratch
37.   Pilot an aircraft
38.   Practice (Rehearse) Sex with your Friend
39.   Protest something
40.   Research your family tree
41.   Ride in a limo
42.   Skinny dip
43.   Sleep on the beach
44.   Sleep under the stars
45.   Sleepover somewhere haunted
46.   Stay awake for 24 hours
47.   Stop Socializing (Social Media)
48.   Swim in the ocean
49.   Swim under a waterfall
50.   Take a cocktail making course
51.   Take part in a city running event
52.   Visit all seven continents
53.   Volunteer at a soup kitchen
54.   Watch all of the top 100 IMDB Films
55.   Watch all those damn movies everyone keeps talking about

Tuesday, 15 September 2015

Hong Kong - The round clock city to Enjoy

After almost a month, I am back to write at these blogs. 
Hong Kong comes alive at night, abuzz with diners, revelers, theater goers and even market traders still out plying their wares. The nightlife scene is rightly legendary: there is something to do at every time of the day in this city that never sleeps. The nightlife options are too numerous to mention, but below you’ll find just a sample of what’s on offer: from cultural performances through to late-night party venues and midnight feasts. You can also spend a whole night in Wan Chai with our guide to one of the city’s most renowned night owl destinations.
Hong Kong Kokula Krishna Hari K
So you’re after a good time? You’ve definitely come to the right city! Hong Kong boasts entertainment galore and most of it kicks off after sunset. Whether you’re after a classy cocktail in a trendy bar, live entertainment that beats through the night, a late-night snack to quell those hunger pangs or even a midnight run, Hong Kong is the city to oblige.
If you’ve already heard of Hong Kong’s crazy all-night vibe, then it’s surely because of the sheer number of bars of all shapes and sizes. Most first-timers head straight to the thoroughfares of Lan Kwai Fong in Central, which are packed full of bars and nightclubs, with revelers spilling out onto the streets at all hours. However away from this main draw, lots of trendy niche bars are opening up for a slightly more cultural experience.
For a really cultured night out, you should seek out an authentic Cantonese opera performance. Sunbeam Theatre is one of Hong Kong’s most historic theaters, having been founded in 1972 by a troupe of Shanghai immigrants, and it’s renowned for its Chinese traditional art performances—Cantonese opera in particular. Many of the Cantonese opera stars of note will have trod these boards at one point in their careers, so you’ll certainly find authentic performances here, held most days of the week in its two auditoriums. Another unique theater venue with a proud history is the Fringe Club, one of the city’s foremost art spaces that’s been providing a platform for artists since 1984. There is always something creative going on here, so whether you’re after a Shakespeare rendition, a stand-up comedy show, a live music gig, an art exhibition or a poetry evening, then be sure to look up the Fringe Club’s events calendar while you’re here.
If you’re looking for a more active nighttime activity then head out on the Bowen Road Fitness Trail. Positioned half way up to the Peak, this popular 4-kilometer-long running and walking trail is safe and well-lit at night, with lookout points that furnish vistas across to Kowloon and beyond. Mid-way along the route you’ll discover Lovers’ Rock, a boulder which is said to have the power to grant happy marriages. You’ll often find worshippers making a beeline for this pilgrimage site, which sits loftily above the city. Not only is this trail a great location for a spot of nighttime exercise, but you’ll also find memorable skyline views from here, minus the crowds.
Hong Kong’s nightlife is legendary and you’ll be sure to feel the vibe too after trying some of these suggestions. But whatever you do while you’re here, just be sure to capture the city’s skyline view at night—it’s one experience that will stay with you forever. The special crocodile meat available in the mid-night could be one of the most crowdy place. 

Tuesday, 7 July 2015

Japan – Expensive Punctual Lifestyle

It is always a pleasure in exploring various countries and that too in an entertainment mode or mood. In that list, I wanted to explore the Japan. After making a steady plan, I made myself to visit Tokyo for few days draining Indian Economy and boosting the Japanese Economy. And I did it almost.

Born and being brought-up in India is always a curse because you don’t the value of Time and Life. But the Japanese culture does it. As soon as I landed-up, there was a shuttle bus which takes me to The Narita Port Hotel which is actually renamed as Narita Gateway hotel. I didn’t update my time in my hand phone, but to my surprize it was there exactly ON-TIME. Generally, in India we used to be ON-TIME by mistake. When we arrive ON-TIME, you will not have the right respect and mileage. But it is just opposite in Japanese culture. Wasn’t that much satisfied with the Hotel Accommodation as it was exactly the size of our Kitchen in my house. But it was compact and tight fit for an individual.

The next day, I was impressed and pulled by seeing the name “Narita Free Transit Tour Program” at the Airport. Wow! That was good news for an individual like me. So attempted to ping at that desk on the next day morning. Since it would open at 9 AM, went to the departure floor to have a morning meal at McDonald’s and surprisingly it was less equivalent to the London pricing. Not of a greater taste, but it was my saviour. At around 9, there was a woman with excessive lip-stick convincing the Australian Woman who was on transit. I was waiting in the queue and got into her for discussion. After 15 minutes of discussion, she said that we have to pay for the Transport and the term “FREE” was only for the Guide. Not a disappointing one, but used for this in South Korea while I was with Prof. Dr. Dong Hwa Kim. The bus arrived ON-TIME and we were asked to pay JPY 210. We thought it would be around 50 miles for the destination. But it was the height of my stupidity. He came around the Airport as Lord Ganesha did around his father and mother and dropped us at a spot just behind the airport. It was not even 4 miles by road and just 1.2 miles by air.

I learnt that the life is such expensive in Japan and made myself to proceed with this. The next day I went to Tokyo where I learnt that the real Japan is there. Much of crowd, absolute silence without any honking or loud speech. But one thing which I need to notice is the integrity and respect they rendered to me though not being any official. Some were interested in knowing about the religious identity mark on my forehead. And the Narita Express line is one of the most expensive trains I have travelled in the world, yes it was an almost JPY 5,000 for a distance of 60 kilometers and it is worst so it travels in almost 1 hour 30 minutes.

The cost of a Blazer Jacket was JPY 25,000; suite JPY 79,000 for my size. I get them in India for JPY 4,000; suite JPY 8,500. The worst thing is that the cost of a brief (underwear) was JPY 19,000 and you get 8% Tax refund on this money which you pay provided condition that you don’t use it in Japan. My crazy mind said to buy one such and come back to my country and post a photography saying that it is Japan Brief. But my bureaucratic mind refrained me doing it.

The culture is perfectly shaped that no mistakes occur. The schooling mechanism teaches everything that they require for their life. The Life Science classes in their High School impressed me very much. Heard that cooking is also a part of their classes in High School which carries equal value in the examinations. There is no theft at Japan and I tried by placing my mobile in a public place named AEON Shopping mall, Narita. After 15 minutes, a small boy saw that mobile and informed the McDonald’s representative. It was a good experience.


The flat nose and small eye guys are really the best. I would surely go back to Japan to see these flat nose and small eye guys. Probably my son or daughter would need a school education in Japanese schools.