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Second MBA,how useful will it be?

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tpm

Joined: 08 Jun 2008
Posts: 2
Second MBA,how useful will it be?
Mon Jun 09, 2008 08:56 PM
Hi,
I have been thinking about going for a second MBA in top b-schools in US/Europe.
About my profile:
I am an Indian(26years of age), have 4years of post MBA experience which I did from a reputed institute in India.I have been into IT Consulting,Equity research and Credit Ratings.I would like to build up my career in the field of Investment Banking/Investment Management.Have strong acads and have cleared CFA Level 1 also.
From my Initial research I decided that I should opt for a one-year MBA as it would do more justice as I already hold an MBA.But considering that very few US schools offer one-year programme,I am still in doubt if I should try for the European schools (like LBS/Insead/IMD).
Could someone help me with this. Do the US schools accept second MBA applicants ? Considering that US schools better opportunities in the field of Investment banking, would it be worth doing my MBA from Europe?.
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Kai Xin

Joined: 09 Jun 2008
Posts: 2
Second MBA,how useful will it be?
Tue Jun 10, 2008 08:31 AM
I think it will be useful to you to study in Europe. It is a beautiful country!

[Edited 10 Jun 2008 by Kai Xin]
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Thomas


Joined: 03 Jun 2008
Posts: 76
Second MBA,how useful will it be?
Tue Jun 10, 2008 08:33 AM
Hi tpm

LBS, IMD and INSEAD are all leading schools in Europe and they offer great MBA programmes to candidates, they are comparable with Harvard and Wharton, if your aim is to stay and work in Europe after your study. However, if you intend to work in the US, I would advice you to study your post-grad in the country.

Among these three top European leading schools, I would prefer IMD because it has one of the best research team in the world, which would effectively link you up with your prospects after your study. Some of their alumni include Sia Yiu (CEO of Cidway Securit, Switzerland), KY Lee (Chairman of BenQ) and Josef Muller (Chairman and CEO of Nestle China)

Good luck to your application.

Kind regards,
Thomas
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lukeh

Joined: 24 Oct 2007
Posts: 384
Second MBA,how useful will it be?
Wed Jun 11, 2008 12:20 PM
Hi,

Can I ask, where exactly you did your first MBA? Was it not accredited? I think you should think very seriously before applying for a second. You want to make sure that you are moving in the right direction for your future career and specialism first. Have you considered a global mba or emba, for example?
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tpm

Joined: 08 Jun 2008
Posts: 2
Second MBA,how useful will it be?
Wed Jun 11, 2008 01:38 PM
Thanks all of you for ur suggestions.
I did my MBA fresh out of my undergrad days as here in India you work experience is not mandatory to do MBA.Now after working for 3-4years after my MBA, I realise if I can go through the rigour of a top bschool again then that would give me a wider scope.
If anyone can help me with the name of top 5-10schools both in US and Europe who are best for someone aiming at Ibanks/Investment management. Though I might not be factually correct I read somewhere that Euopean schools(like INSEAD) have more strategy and consulting focus, is it truely a fact?
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ramdi

Joined: 22 Nov 2007
Posts: 52
Second MBA,how useful will it be?
Wed Jun 11, 2008 02:14 PM
Thanks all of you for ur suggestions.
I did my MBA fresh out of my undergrad days as here in India you work experience is not mandatory to do MBA.Now after working for 3-4years after my MBA, I realise if I can go through the rigour of a top bschool again then that would give me a wider scope.
If anyone can help me with the name of top 5-10schools both in US and Europe who are best for someone aiming at Ibanks/Investment management. Though I might not be factually correct I read somewhere that Euopean schools(like INSEAD) have more strategy and consulting focus, is it truely a fact?


Kellogs, Cornell, USC, Emory are some prominent schools/universities providing one-year MBA in USA. Go to their respective sites to check if you are eligible or not....

[Edited 11 Jun 2008 by ramdi]
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lukeh

Joined: 24 Oct 2007
Posts: 384
Second MBA,how useful will it be?
Thu Jun 12, 2008 10:39 AM
Hi,

I'm not sure that you can draw such a clear distinction between US and European schools in terms of strategy and consulting focus. The top ranking schools at the moment are:

1. Wharton
2. LSE
3. Columbia
4. Stanford
5. Harvard
6. Insead

Obviously the competition is fierce for places at the highest ranking universities. For example, Insead's Average GMAT score (2007) was 701. And during one year, participants cover around 80% of the teaching hours offered in a two-year programme. But its well worth going for it if you think you have a good chance.
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ramdi

Joined: 22 Nov 2007
Posts: 52
Second MBA,how useful will it be?
Thu Jun 12, 2008 03:04 PM
Hi,

I'm not sure that you can draw such a clear distinction between US and European schools in terms of strategy and consulting focus. The top ranking schools at the moment are:

1. Wharton
2. LSE
3. Columbia
4. Stanford
5. Harvard
6. Insead

Obviously the competition is fierce for places at the highest ranking universities. For example, Insead's Average GMAT score (2007) was 701. And during one year, participants cover around 80% of the teaching hours offered in a two-year programme. But its well worth going for it if you think you have a good chance.


True, I agree with you..but he is looking preferably for 1 year MBA courses in USA :-)
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lukeh

Joined: 24 Oct 2007
Posts: 384
Second MBA,how useful will it be?
Fri Jun 13, 2008 11:09 AM
Sure, then I would also consider:
Kellog, University of Florida, Warrington College of Business Administration; Babson College, Boston, Massachusetts, USA; Emory University, Goizueta Business School, Atlanta, Georgia, USA.

But most one year mbas in the states are very expensive.
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ramdi

Joined: 22 Nov 2007
Posts: 52
Second MBA,how useful will it be?
Fri Jun 13, 2008 05:55 PM
Sure, then I would also consider:
Kellog, University of Florida, Warrington College of Business Administration; Babson College, Boston, Massachusetts, USA; Emory University, Goizueta Business School, Atlanta, Georgia, USA.

But most one year mbas in the states are very expensive.


Add two more to complete your list of one-year MBAs in USA - Cornell & Marshall Business School (USC) :-)
These two are probably better than any other college in your list (except Kelloggs).
Agree?
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pkidude

Joined: 09 Aug 2008
Posts: 1
Second MBA,how useful will it be?
Sun Aug 10, 2008 01:20 PM
Ah, a few things to note.
1. I think all top MBA programs teach the same practical knowledge. If this is going to be your second MBA, you might want to look beyond the "academics" and focus on what other things a program offers you: more depth on finance, high quality classmates, personal growth.

2. Don't post stuff you don't know about. Don't just google people's names, take the top links and start posting. I would hardly compare myself with the CEO of Banq and Nestle China. I was just the CEO of a startup.

3. Insead produces way more consultants than IMD or LBS. Schools have different focus and are therefore good for different things. IMD is not in the biz of producing consultants. I am not sure that is a pan-European leaning. These are things you can find out easily with a simple phone call to the admissions office or by looking at placement stats.

4. To someone's posts on studying in Europe because it's a beautiful "country". First, Europe is not a country; second, you should try avoid studying in a school because it's in a beautiful country.

Sia - IMD grad
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lukeh

Joined: 24 Oct 2007
Posts: 384
Second MBA,how useful will it be?
Mon Aug 11, 2008 12:54 PM
Hi,

I think pkidude has said a lot of useful things. It is ultimately really important that you do some serious research on this, starting by contacting the admissions office of each school you are interested in, and looking at the available facts, statistics and detailed course programmes on each school's website.
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