Wednesday, September 03, 2008

Ivy league going the IIM way

Yesterday I bumped into a Stanford GSB student and learnt something new. It is possible for foreign students enter one of America's top bschools with negligible or even zero work experience.

"The youngest person in my class is just 21, and with a kheti background (ie family owns a horticulture business)," he said. And there are other examples of students at Stanford GSB who are just graduates or have 1-2 years work ex.

"Of course your profile should stand out in some way," he adds.

Frankly, this news has left me a bit confused. What does one now advise the numerous students who ask:"What is the eligibility for a top 20 US bschool?" Is the standard answer of '4-5 years of work ex' redundant??

Some google research reveals that there is an effort by leading bschools to recruit younger applicants. Since 2006 Stanford GSB has lowered its age requirement for Chinese applicants.

Guangdong Online reports: "Our school welcomes undergraduate applicants with outstanding experience," said Seda Mansour, a vice director with the Stanford business school's recruitment office.

The Wharton School also greatly encourages Chinese applicants with less than two years of work experience.

In 2007, a QS TopMBA Applicant Survey revealed that the average age of MBA applicants has fallen to 25.5 years, from 26.8 years in 2004.

Columbia is actively seeking to recruit fresh graduates into her class of 2007 – academic high-fliers who would otherwise be lost to the business school world once they enter fast track careers in banking or elsewhere. Columbia will also target a greater number of candidates with less than three years of work experience.

Harvard Business School has also started to recruit younger students to their MBA programme. They target students within 3 years of graduating from university or college. The average age of the Harvard MBA student was 27 years of age, but has fallen to 26 years of age as the school has recently admitted a number of 22 year-olds.


However, the survey noted that while US bschools are becoming more flexible, European bschools have not changed their policy. The average age at top European bschools remains 28.5 years.

Do younger applicants face a problem in the job market? Apparently not.

According to Jana Kierstead, Director of MBA Career Services at Harvard Business School, younger students received salaries just as competitive as their more experienced classmates, and equally across all industries.

Speaking to the Wall Street Journal, Katherine Schwab, a vice president at Citigroup, says she has recruited "young, hungry" M.B.A. graduates at Rochester with great success for the company's finance training program.

"The students we have hired at Rochester bring a lot of energy and flexibility," she says. "They haven't had management experience in the past and are willing to travel all over the world and approach different opportunities with a lot of enthusiasm."

Hmm, sounds like the Ivy league may be headed the IIM way. And it's ironic because IIMs have always faced criticism for taking in fresh graduates.

Chicago GSB and some other top-ranked schools have relaxed work-experience requirements partly in hopes of attracting more minorities and women.

Whatever the reasons, the bottomline is, if you have a high GMAT score, great academics and something in your CV which stands out in terms of leadership skills or entrepreneurial experience, you should take a shot at top US bschools. Even as you take the CAT, XAT and all that.

The good news is that if you are admitted to a school like Stanford GSB, you will automatically be eligible for a student loan to fund your studies. And of you can apply for the Reliance Dhirubhai Ambani fellowships at Stanford which covers ALL your expenses (estimated to be $ 83,000 per year).

The only condition being that after graduation you must return to India for a minimum of two years of employment in the private or public sector.

Last year there were 1400 applications for 5 fellowships which is tough competition but still worth trying for!

If you are an student or graduate of a foreign bschool do share your insights and experiences with me. Especially on this work ex issue but any other topics also welcome. Drop me a line at rashmi_b at yahoo.com.

10 comments:

  1. This comment has been removed by the author.

    ReplyDelete
  2. I am pretty happy to hear that... but the financial requirements are enough to make most of the people work for 2-3 years... if we want to talk in Indian perspective, I think the top graduates from IITs make through these schools... coz I recall some 10 odd people who have joined in past two years and all of them are toppers from IITs... And what I get from them is that 2-3 years work ex is needed in order to meet the financial needs... neverthless this news is a more than welcome thing... and m just keeping my fingers crossed...

    ReplyDelete
  3. strange cos the IIMs seem to be going the other way..one of them has the all time highest proportion of work ex ppl this year. the ratio has been steadily increasing every year and so is the average work experience.

    ReplyDelete
  4. Nice read. Another practical aspect is how well would an Indian person with an Indian graduation(B.E., B.Com. etc.) and a US Post Graduation (by our standards) be taken in Corporate America and more so how well will she/he adapt to that environment. MBA being such a hands on practical professional course in most cases. I am of the belief that a couple of years of working in US would teach one more than all the case study, internship and field studies will in the 1-2 years of a MBA, especially if it's done in the same field; as is the case in India.

    ReplyDelete
  5. Is this because of a potential slowdown in the US, that people are not too keen on doing that MBA now which makes schools look for younger chaps?

    ReplyDelete
  6. 2 questions:
    1) How does the title relates to the post?? There is no connection, infact, IIMs seem to be going other way as also pointed out by duke..

    2) Whats wrong with 'Kheti' as work-ex??

    ReplyDelete
  7. I think it is misleading to say that Ivy Leagues are going the IIM way. As pointed out by other commenters, IIMs are steadily moving towards applicants with work ex. Also, all the top US Bschools still have average age of 27-29 years, despite their admitting more 'fresh' candidates.

    Further, these 'fresh' applicants have an exceptional profile and because of that their numbers are not going to be too high unless the schools lower their standards considerably (which I don't think they will do).

    ReplyDelete
  8. its all about variety !!

    ReplyDelete
  9. Anonymous7:34 AM

    明星代言 明星经纪公司
    制动单元 铝壳电阻
    modern abstract art sofa manufacturer
    净水器 开水器 净水机 净水 软水机 软水 直饮机 家用净水 家用净水器 家用净水机 中央净水 中央净水器 水家装 水家电 水卫士 混合机
    过滤机 DHL快递 俄罗斯签证 回转支承 Laser marking
    保险箱 法兰 法兰标准
    polycarbonate sheet 回流焊 波峰焊
    压球机 注册上海公司 儿童摄影
    牛皮癣 皮肤病 制氮机
    食堂售餐机 校园一卡通
    学校一卡通 ic卡售饭机
    食堂售饭机 深圳一卡通
    广东售饭机 机电设备安装
    北京发票 代开发票
    餐饮发票 住宿发票
    广告发票
    网络电话 免费网络电话
    假发 补发
    织发 植发
    压滤机 板框压滤机
    蒸馏水机 纯蒸气发生器
    上海搬家公司 上海搬场公司
    大众搬家 大众搬场
    张家界旅游 香港旅游
    深圳旅行社 打包机
    收缩机 对讲机 电源模块
    血管栓塞剂
    售饭机 水控机 水控器
    萎缩性胃炎 neoprene laptop bags
    SEO优化
    SEO优化 计量泵
    胃炎 胃病
    冷水机 冰水机
    工业冷水机
    北京特价机票 北京打折计票 北京国际机票
    北京机票预定 北京飞机票
    北京订机票 北京机票查询 饮料机械
    银杏 水培花卉 企业宣传片 空分设备
    化工泵 离心机
    电话交换机 程控交换机 集团电话 集装袋
    混合机 混合机
    混合机捏合机 捏合机
    捏合机导热油炉 导热油炉
    导热油炉 反应釜 反应釜
    反应釜 spherical roller bearing
    搬运车 搬运车 电动搬运车 油桶搬运车 堆高车 电动堆高车 半电动堆高车 堆垛车
    高空作业平台车 电动叉车 平衡重叉车 前移叉车 电瓶叉车
    韩国饰品批发 模块电源
    X架 超薄灯箱> 易拉宝 展柜制作
    代理服务器 游戏加速器 网络加速器
    网通加速器 电信加速器 电信网通转换器
    电信网通加速器 网通电信互转
    网通电信互通 网络游戏加速器
    美国VPN代理 美国独享VPN 美国独享IP
    pvc ceiling panel Spherical roller bearings
    SEO优化
    安全鞋 劳保鞋 防砸鞋 电绝缘鞋 上海安全鞋 上海劳保鞋 江苏劳保鞋
    服装软件 服装管理软件 进销存软件
    进销存管理软件 服装管理系统 服装进销存软件
    进销存系统 进销存管理系统 免费进销存软件
    吉林中医 东北特产
    打包机
    阳痿 阴茎短小 阴茎增大
    早泄 前列腺炎 阴茎增粗 阴茎延长
    国际机票 上海国际机票
    国际特价机票 国际打折机票
    砂磨机 砂磨机
    砂磨机 卧式砂磨机
    卧式砂磨机 卧式砂磨机
    三辊研磨机 三辊研磨机
    三辊研磨机 混合机 混合机
    混合机 锥形混合机 锥形混合机 锥形混合机 行星动力混合机 行星动力混合机 行星动力混合机 无重力混合机 无重力混合机 无重力混合机
    干粉砂浆设备 干粉砂浆设备
    干粉砂浆设备 捏合机 捏合机 捏合机 导热油炉 导热油炉 导热油炉 反应釜 反应釜 反应釜 搪玻璃反应釜 搪玻璃反应釜 搪玻璃反应釜
    乳化机 涂料设备 干混砂浆设备 无重力混合机 胶体磨 涂料成套设备 双螺旋混合机
    北京婚庆 北京婚庆公司
    400电话
    办证 呼吸机 制氧机
    亚都 亚都加湿器 亚都净化器
    亚都装修卫士
    饰品批发 小饰品批发 韩国饰品 韩国饰品批发 premature ejaculation penis enlargement
    安利产品 马来西亚留学
    网站优化 网站推广
    衬布
    代写论文
    代写论文
    论文代写 代写论文
    磁力泵
    离心泵
    化工泵
    隔膜泵
    螺杆泵
    潜水泵
    油泵
    耐腐蚀泵
    水泵
    拖链 防护罩 排屑机 塑料拖链 钢铝拖链
    化工离心泵
    计量加油泵
    自吸式离心泵
    管道油泵
    自吸式排污泵
    潜水排污泵
    自吸式磁力泵
    耐高温磁力泵
    不锈钢多级离心泵
    多级离心泵
    耐腐蚀自吸泵
    自吸化工泵
    玻璃钢液下泵
    液下式排污泵
    卧式离心清水泵
    氟塑料磁力泵
    磁力驱动循环泵
    耐腐蚀污水泵
    卧式化工离心泵
    玻璃钢耐酸泵
    防爆管道油泵
    不锈钢多级泵
    立式多级离心泵
    塑料磁力泵
    水泵厂
    手摇油泵
    上海水泵厂
    上海水泵
    离心泵厂家
    热水泵
    清水泵
    气动隔膜泵
    深圳装饰 深圳装饰公司 深圳装修公司
    特价机票 打折机票 国际机票
    机票
    新风换气机 换气机 立式新风换气机 风机箱 新风系统 能量回收机
    搅拌机 混合机 乳化机
    分散机
    毛刷 毛刷辊 工业毛刷 刷子 钢丝刷
    涂层测厚仪 硬度计
    兆欧表 激光测距仪
    测振仪 转速表
    温湿度计 风速仪
    超声波测厚仪
    粗糙度仪
    噪音计 红外测温仪
    万用表
    硬度计 万用表
    美容院 美容加盟
    澳洲留学 澳大利亚留学
    什么是法兰
    电烤箱
    酒店预定 北京酒店预定 北京酒店
    离心机
    nail equipment nail products nail product nail uv lamp nail uv lamp nail uv lamps uv nail lamp nail brush
    nail file nail tool nail tip nail gel curing uv lamps lights
    万用表 风速仪
    红外测温仪 噪音计
    苗木价格 苗木信息 标牌制作 深圳标牌 北京儿童摄影 防静电鞋 淘宝刷信誉
    威海凤凰湖 威海海景房 大庆密封件
    打标机 淘宝刷信誉 TESOL/TEFL国际英语教师证书 英语教师进修及培训 北京快递公司 北京国际快递

    ReplyDelete
  10. 导热油炉吴桥县导热油炉锅有限责任公司是全国最大的生产导热油炉生产基地之一,公司主要生产各种导热油炉锅,熔盐炉, 转盘轴承,管式加热炉,蒸汽发生器,一二类压力容器.徐州回转支承 公司提供转盘轴承 --slewing ring slewing bearing slewing bearings服务. automation-industrial-industrial automation-slewing bearingslewing bearings
    铁路
    轨道交通
    太阳能
    alh

    ReplyDelete

Disqus for Youth Curry - Insight on Indian Youth