Monday, May 23, 2011

An MBA education costs HOW much?! *fainting with a thud on the ground*

What I've learnt today after a full day's research:

1. Cost Matters (pun intended) -
MBA from top US B-school: atleast INR 70 lakh
MBA from European B-school: INR 50 - 57 lakh
MBA from ISB Hyderabad (12th ranked in the world?): INR 20 lakh
Damn, if I got into ISB Hyderabad, I'd feel super guilty about opting for a US B-school. That's a 50 lakh difference! Half a freaking CRORE of a difference!!!

2. What exactly is Investment Banking?
Found this beautiful description on GMAT Club:
Investment bankers serve a variety of functions, depending on their specific position. They advise clients on financial organization; underwrite, sell, and trade stocks and bonds; and manage assets, among other responsibilities.

If you are working in corporate finance, you will serve as a financial consultant for corporations. Often banks will assign bankers to work in a certain industry (health care, communications, finance, etc.); you’ll be responsible for helping firms execute financial strategies, analyzing their financial needs, determining valuations for new offerings, and underwriting equity and debt offerings, among other responsibilities. Mergers and acquisitions is related to corporate finance and sometimes serves as its own department; if you’re an M&A banker, you’ll give advice to companies that are merging with or being acquired by other companies. M&A requires a detail-oriented, strategic mind to ensure you’re able to work out all the specifics of the merger or acquisition deal.
If you are working in sales and trading, you will buy and sell securities and commodities; traders must keep track of the markets constantly while communicating with buyers and sellers.
Research analysts become experts in their given industry. They use their expertise and do continued research to predict the movement of stocks, usually either in fixed-income or equity. Traders rely on their educated advice. Research analysts do many different types of research on a company’s financials as well as economics trends in general.

3. Can you take mini-MBA-lessons and get a sneak peak into what you'll learn during your MBA?
Yes you can! At this Financial Times MBA Gym.

That's all for today. Hopefully I make use of tomorrow's holiday equally well. Happy studying and researching!

PS. I am open to any suggestions on how to raise a substantial amount of MBA financing funds over the course of the next 2 years. Anyone?

Update: There are full-scholarships up for grabs, according to this BusinessWeek article. Although it was written in 2008, I guess it must still be somewhat relevant. Also, not sure how many of these are given to non-US citizens. Still, there is hope :-). When else will the Secret come into use right?

1 comment:

preeti said...

These days most of students are aiming to pursue their management studies from an top B-School. But most of Top B-Schools schools only considered those students who have passed the GMAT exam with good score. GMAT exam is based on different difficult sections. So those aiming to get admit in a B-School should concentrate on GMAT exam preparation.

Best Regards
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