Why is Donald Trump Great News for the Indian Student

Donald Trump for Indian students
Reading Time: 3 minutes

Okay let us face it – you were not expecting him! You were also expecting to take the GMAT or the GRE for a Masters program abroad.
 
Here is the news that might surprise you – Trump might be better for you than Obama who actually imposed more regulations such as jacking up the H-1B fees.
 
Here are 3 reasons why Trump getting elected might actually be good if you are planning to study in the US soon for your MS or MBA.
 
 

1) The US Dollar Rates might tank


 
If you see historically, the dollar rates have been on the rise since the last 10 years. It means what would have cost 40 lakhs about 10 years ago is now going to cost about 65 lakhs.
 
dollar rates over 10 years
 
But with Trump getting elected, the dollar rates might just go down. What this means for you is that your tuition rates might go down by 10-20%. So maybe 2017 is the best time for you to apply to a grad school.
 
Why would the dollar rates tank? That is simply because the markets (and the world in general) don’t know what to expect. It is one of those black swan events that hits you on a warm Wednesday afternoon.
 
 

2) He is not really against Indian Students


 
If you notice most of his election campaign rhetoric was against illegal immigrants. Building a wall was against Mexico and imposing trade restrictions was against China – nothing to do with India. The smart, educated (and benign) Indian students who go there, need not worry.
 
Here are a few comments he made to the Fox network:
 
“Whether we like that or not, they pay, et cetera, et cetera but we educate a lot of people, very smart people. We need those people in the country…….Many people want to stay in this country and then want to do that. I think somebody that goes through years of college in this country we shouldn’t kick them out the day they graduate, which we do,”
 
Read more about Trump’s comment:
 
So clamping down on those exploiting the H-1B visa, such as the IT companies in India, may actually help students who have put in their money and careers at stake to get a US education. To be honest, any change in the system is welcome because the current one is flawed.
 
Just read how students from top MBA programs have issues with the current quota system:
 
Here is how fast it takes for the H-1B visa ceiling to be hit!
 
H1 B Visa Ceiling
 
 

3) Trump has been elected as the President – not a Dictator


 
Though Trump as the US Presidents does have certain powers vested in him through the post, he is certainly not a monarch.
 
Remember that the US system of government – divided among three branches: the executive, the legislative, and the judicial – is intended as a structural system of checks-and-balances. Though Trump’s presidential power will be vastly strengthened because his fellow Republicans retained control of the two houses of the US Congress: the House of Representatives and the Senate – he just cannot pass one crazy law.
 
The US government works a lot through Congressmen who lobby for certain bills to be passed. Do you think the companies such as Amazon are going to let him pass any legislation that restricts their growth potential? No way!
 
 

Closing thoughts:


 
US is still the land of opportunities. Heck, if California were a country then it would have the 6th largest GDP in the world – ahead of France, India, Italy and Brazil.
 
Read more about America’s growing economy.
 
Plus it has an awesome University system – you don’t have many countries that can boast of a Harvard and an MIT in the same town – or a Silicon Valley with a Stanford and a Berkeley. This alone puts US as a go-to destination if you are looking at studying abroad.
 
Yes, H-1B visa issues will be contentious but Trump or no Trump can’t take away the opportunity to experience the education and culture that only the US of A can promise.
 
 
Planning for an MBA in US this year?
 
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Carey Business School – An Overview

Reading Time: 8 minutes

A few weeks ago we had executives from John Hopkins – Carey Business School fly down from the United States to visit us at our Koramangala Center to do a small presentation of what Carey Business School has to offer to our MBA/MS applicants. Check out the presentation on slideshare below:

 

Carey Business School from CrackVerbal

 

CAREY BUSINESS SCHOOL

 

Johns Hopkins as a university is known for the medical school and the hospital, but is also famous for the school of engineering, the school of public health, and now the newest school, Carey Business School. Their curriculum consists of a global MBA, some one-year specialty Master’s degrees, and dual degrees.

 

Hopkins, founded in 1876, was always a university, America’s oldest research university. Carey Business School is a new school, founded in 2008 as a stand-alone business school. Although before that Johns Hopkins was still in the business education sector, there were just part-time programs that spanned across Washington DC and Baltimore Maryland.

 

Though a new school, they have a large number of business alumni. The concentration / specialization for the MBA or a one-year Master’s degree include Enterprise Risk Management, Finance, Marketing, Healthcare Management, Real Estate and Infrastructure, Entrepreneurship, and Information Systems. They also offer dual degree programs that are offered through schools either at Hopkins, or other schools in the region.

 

The Global MBA

 

This is a traditional 2 year MBA that involves two major experiential learning projects through its timeline. During the first year, international students do something called a Summer Intensive, which is an orientation just for international students followed by an orientation for all students.
 
During year one, the focus is on all core business and management courses. This course has a class strength of about 40-60 students.

 
Innovation of Humanity and Discovery to Market are the two experiential learning projects that a student will be looking at. Innovation for Humanity focuses on developing economies and dwells around a social entrepreneurship/social enterprise type of project that has a positive impact on the local community.
 
Discovery to Market focuses on working with scientists or researchers who have a discovery that is yet to be evolved into a marketable product. The student will play the role of a consultant and come up with a business plan – from the research phase, patent research, all the way through the investment phase – and make a final recommendation.
 
 

Master of Science Degree (One Year) 

 

These are specialized and focused Master’s degrees. There are thirty six credits. This program consists of a small number of business foundation courses, irrespective of the concentration that a student chooses.
 
But for the most part, the focus will be on the functional core such as Marketing, as well as electives, which are sub-areas of the subject that the student is studying. They are spread out between the Washington DC and Baltimore Maryland campuses, and Baltimore Maryland is just fifty miles or so north of Washington DC.

 
 

The Dual Degree Programs

 

You can opt for an MBA/JD, the Juris Doctor, for being an attorney with the Maryland School of Law. You can also opt for an MBA/MD with Hopkins School of medicine. There is also an MBA/MA course in Design Leadership on offer.

 
 

Faculty 

 

Carey Business School currently has 76 full-time faculty under the research and practice discipline. They are complimented by teachers from all the other schools from Hopkins. They have visiting scholars, guest lectures (academic and professional) corporate, senior professional instructors (folks that are actually out there working in the corporate world, for the government, or for an NGO).
 
They maintain an office in the school, and they bring their special perspective from whatever industry they are in to the students and to the school.

 
 

Career Development office

 

They begin working with the student from the time he/she accepts the admission offer. They will reach out to the students and assign to them a career coach, particularly, for the Global MBA, and start working with them, getting an idea of what is that next step you need to make in your career when you graduate.
 
During school, there will  always be workshops, and boot camps. The Career Development Office will provide you with opportunities to sharpen your interview skills and to sharpen your resume before heading out to the outside world.

 
The other half of Career Development is involved in corporate relations. They maintain/create new relationships with the various companies that have hired Carey Business School students as interns or employees.
 
Carey Business School hosts info sessions where job prospects from all over the world are presented. They have companies that come from all kinds of functions making their placement chances very versatile.
 
 

Application Process: Online Applications Only

 

No. of Essays: 1

 

Statement of Purpose: Not required but resume is mandatory

 

Competitive exam to take: GRE or GMAT for MBA/MS

 

Recommendation Letters: Minimum 1

 

TOEFL/IELTS: Mandatory

 

Transcripts from Bachelors degree: Mandatory

 

They also offer merit scholarships. Everyone who applies is eligible. There is no separate application. When you apply, they are also considering you for the scholarships that range from about $10,000 all the way up to full scholarships in exceptional cases. The same footing for international and domestic applicants applies. The letter of admission mentions the amount of scholarship an applicant receives.

 
Check out the presentation below!
 

 
 

FAQs:

 

1. What is the average GMAT score required to get an admit?

 
It depends on the program. For example, for the global MBA it is about a 650, for the master of finance it’s a 700, and the rest range close to 650.

 

2. Does Carey Business School currently have Indian students pursuing Master’s of Marketing?

 
Currently Carey Business School has 2 Indian students out of 120 students. For certain programs like Master’s in Marketing, Real Estate, and Healthcare, they actively look to admit students from other regions to participate. Hence, scholarship options will be plenty.

 

3. What is the class size of an MBA program?

 
They have a class of 100 students at present and are looking to increase their class size actively from next year.

 

4. What is the mix of students? What different industries are they from?

 
Carey Business School has students from practically every background. There are students that come from a typical business background. They have students coming from engineering, IT, the medical field, politics, and the arts. They don’t focus towards a particular background as a prerequisite for the MBA.
 
It can be any field, as long as the work experience for the MBA is present. No work experience is required for a Master’s program. The only mandatory requirement is an undergraduate GPA performance and the GMAT/GRE.

 

5. How much work experience do you recommend for the MBA?

 
The preferred minimum is 2 years for a Carey Business School admit. The average is five. In rare cases students are given an admit with little to no experience, but that requires a pre-requisite of a high GMAT score along with a close to perfect GPA with a lot of professional experience such as work with an NGO, etc.,  that could replace professional work experience.

 

6. What are the  experiential projects like at Carey? Are they  in-house projects or real-time projects?

 
It’s a real-time, outside-of-the-school project. In the case of Innovation for Humanity, the students start in the first semester and they’re taught how to do this type of consulting. At the same time, they’re put in a group with other students and assigned a client somewhere in a developing economy and they start working remotely with that client while they’re being classed.
 
During semester breaks they actually go to that place and work one-on-one as consultants for that client. Besides working on projects, they have no connection to the school. So it’s not a made up project. The second project is science based. Clients have a science based discovery, a patent, or an invention, that needs to be developed into a marketable product.

 

7. What are the specific details looked for in the application essays?

 
The topic asks for an instance where you built something. It’s the time when you took the initiative and the leadership to create either a process or a new entity. This is an instance where you saw a need for something, you came up with an idea to fulfill that need, and you took it all the way through to the end.
 
What they’re really looking for is examples of taking initiative and showing leadership, and being able to manage a complex project.Also, they look for good writing, proper grammar, and proper spelling. When you have negative things in your background, such as a low GPA, address it and explain why it happened in the optional essay.
 
They also let people do a video essay, so a lot of people have taken advantage of that to give a better idea of their background, what they are looking for, and what they are trying to get out of the MBA.

 

8. What are the TOEFL and IELTS cut-off scores?

 
TOEFL: 100, IELTS: 7

 

9. Is the TOEFL/IELTS mandatory? Can it be waived off?

 
It is mandatory. It cannot be waived off.

 

10. Can you give us some information about the 3-year and 4-year undergrad courses?

 
For the three-year degree, WES will evaluate an Indian three-year degree as being equivalent to a bachelor’s degree. If you meet the two criteria—you’re school is rated ‘A’ or better by NAAC, and you graduated in division one or with distinction above division one—their policy is to say your degree is equivalent to a four-year bachelor’s degree.
 
If you don’t, unfortunately you cannot be admitted without having perhaps having a post-graduate program or one of those one-year programs to give you that fourth year of post high school education.

 

11. Are there a lot of cases where students make a career shift to Healthcare Management?

 
Yes, there are students who have done that. At least 50% of the students are making major career changes, and Healthcare Management is one they’ve been pursuing.

 

12. What is the cost of living?

 
Most graduate schools in the US do not have housing for students. All students usually live quite close to either of the campuses, because there is a shuttle that goes back and forth. The school has a lot of online resources to help you find places to live.
 
We set up a Facebook page for the incoming class so that they can connect with each other to find roommates and connect with the previous class to get advice and recommendations.

 

13. What functional areas do students wind up working in post their MBA?

By a slight majority they wind up in consulting—IT, healthcare, and general management consulting. Second is Healthcare Management. Third is the category, ‘other’. This is the big mix of all the different industries you can imagine. Fourth is IT.

 

14. How is the Indian undergrad GPA score evaluated when compared to US standards?

 
The credential evaluation system knows the nuances of all the schools in India, and they put the grade scale on a US perspective.

 

15. What do job recruiters prefer between an MS and an MBA?

 

It varies based on the type of job. Sometimes recruiters say they want an MBA student with a concentration in a certain area, but it can also be opened up to MS students that have a degree in that same area. At least in the US, the MBA has a longer shelf-life and more recognition, so to say.

 

It is a generalist degree—you’re getting marketing, finance, operations, HR—you’re getting so much at once, that when you move up the ladder, you tend to already have had some exposure to the basic elements.
 
Whereas, if you have an MS in finance, that’s great when you’re an analyst, but ten or fifteen years later when you’re looking for something else you might need a different skills set. An MS degree is easier to get into, because they don’t require work experience. But the job you get coming out is not the same as that of the MBA student.

 
Has that got you interested? Check out snapshots of other popular B-schools as well!
 
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Post MBA Careers in Technology

postmba careers- tech
Reading Time: 3 minutes

You are bored with your job – the long working hours, the coding or the calls, and the same old deliverables. You start thinking of ways to get out of this rut. As the luxury of the corner office (or maybe just a larger cubicle) beckons the better-manager-than-coder within you, you wonder if there some way you can take a shot at management.

 

Here is the good news: there are some excellent career paths in store for you, provided you have a strong interest in technology. You can go down this path the easy way (through an MBA) or the hard way (keep at it for more years and go up through the ranks). On second thought, the MBA route isn’t particularly easy – but it is still relatively faster. 🙂

 
But what about non-IT folks who want to work in technology?
 

Gee, it is rare to see someone from a non-Tech background wishing to make a breakthrough into this field – but if you do fall into this category, remember that more than anything, you will need to justify in your B-school application:

 
Your passion for and knowledge of technology, irrespective of what field you are in currently
 
Why you want to make a career switch to technology at this stage in your career
 

This is because, at the end of the day, you need to have strong tech fundamentals and a keen interest in the field, to don a leadership role.

 
 

Career Paths in Technology


 
Previously in this blog series, we covered 2 of the most popular post-MBA career paths in technology: Tech Consulting and Product Management.
 

Let us now look at two of the other technology careers available to MBAs:


 

1. Project Management:

 

If you are tech-savvy, and are looking for a post-MBA career path that requires you to be a technical expert, but also handle managerial functions, then project management maybe your cup of tea. A technical project manager is responsible for organizing and managing projects from start to completion.
 
He or she has to find the fine balance between technical expertise and managerial skills. This role involves project scoping, scheduling, budgeting and managing risks associated with delivery. A project manager will have to manage the internal project delivery team, as well as customers, and will be a single point of contact for all matters related to the project.

 
 

Typical Career Path in Project Management

 

it-career-progression

 
 

What Does It Take To Build A Career In Project Management?

 
Technical expertise
Excellent communication skills
Negotiation skills
Work management skills: organizing, delegating etc.
Analytical and problem-solving skills
 
 

2. Analytics:

 

Big Data seems to be the watchword in the industry right now and analytics is considered one of the hottest areas to be in right now. By definition, a business analyst’s job is to analyze datasets, systems and business models from the perspective of identifying trends and business needs, designing processes and translating business requirements in terms of technology. A business analyst may be given other titles also, like process consultant, functional analyst, systems analyst or systems architect, depending on the organization.

 
 

Typical Career Path of a Business Analyst

 

it-career-analyst

 
 

What does it take to build a career in Analytics?

 
Data modeling & statistical skills
Technical expertise
Eye for detail and spotting trends
Communication and storytelling skills
 
 

B-schools renowned for Technology

 
MIT Sloan, Tepper, UCLA, Haas, Cornell Johnson, Boston University, Krannert, Scheller, Olin, Fisher, ISB, IIMB
 
 
Read our previous blog post in this 5 part series on Post MBA careers: Operations
 
Are you wondering if you can get into a top B-School this year? Let us help you!
 
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