Posted on: 23-04-10 08:03:59
Quote:
Originally posted by freakoutguy
Quote:
Originally posted by nntksv
freakoutguy / desiskywalker: thanks for sharing your thoughts on this.
freakoutguy: considering that the MBA will be over only around 2012, do you think the instances you mentioned are only a reflection of the current economic situation and we can expect things to change once the recession is over?
As mentioned in my post,the biggest obstacle is this whole "Canadian" experience, that cannot be mitigated easily with a top MBA. Think about it from the employers perspective- you have a "nice" Canadian educated person who has atleast 3-5 years experience in the Canadian job environment and can furnish local references versus a new immigrant with a foreign accent, who has no Canadian experience with a MBA(albeit a top one). Why should he choose the unknown?
In terms of the effect of recession, you will be surprised to know that enrollment in B-schools is actually up during recession as people who have been laid off with a severance decide to do a MBA to further their prospects. So you have a large MBA cohort, who will be looking out for employment at the same time.
Goldfinger-Americans are not as hung up on the source of your degree and local experience as Canadians. Also, given that the U.S is the world's largest economy, it is easier for them to absorb potential employees.It is ironical that a Canadian MBA would have better prospects in the U.S, than a U.S MBA holder in Canada.
excellent post above. One thing though which does not apply to the poster: Canadians have no problem in accepting US experience.
Quote:
Originally posted by freakoutguy
Goldfinger-Americans are not as hung up on the source of your degree and local experience as Canadians. Also, given that the U.S is the world's largest economy, it is easier for them to absorb potential employees.It is ironical that a Canadian MBA would have better prospects in the U.S, than a U.S MBA holder in Canada.
Thanks for the info. Looking at the TN status professional occupations list, "Management Consulting" is the only management occupation that qualifies under NAFTA. Hence I guess once has to choose a MBA program with specialization in consulting if he/she is inclined towards working in US with Canadian MBA/citizenship.
Quote:
In my previous company, a really smart desi guy who had done his BE from India and came to do MBA from Richard Ivey was lamenting that his first job post MBA was a 35K entry level position, because he did not have the relevant "Canadian"experience. The most this person was able to progress to was a 60K job (compared to the 100K plus jobs that you keep on hearing in the media) and ultimately got married to someone from the US and left Canada.
Since, you have indicated that you are just about to land in ON, it would be extremely "brave" of you to invest $75,000 upfront on an education where there is no guarantee of getting a ROI for several years.Not to discourage you, but this is the level of competition you will face in the market today and the ground reality of the job environment.
I forgot to mention: the Canadian MBA for a new immigrant is probably a better option than a US MBA.
Quote:
Originally posted by GoldFinger
Quote:
Originally posted by freakoutguy
Goldfinger-Americans are not as hung up on the source of your degree and local experience as Canadians. Also, given that the U.S is the world's largest economy, it is easier for them to absorb potential employees.It is ironical that a Canadian MBA would have better prospects in the U.S, than a U.S MBA holder in Canada.
Thanks for the info. Looking at the TN status professional occupations list, "Management Consulting" is the only management occupation that qualifies under NAFTA. Hence I guess once has to choose a MBA program with specialization in consulting if he/she is inclined towards working in US with Canadian MBA/citizenship.
MBA in Consulting is not mandatory for TN Visa qualification, it is more based on your work experience as a management consultant. Secondly, there are very few schools which offer a MBA in Management Consulting in Canada. Royal Roads University in BC is one which ncomes to mind.
PR should pay less than $75,000
Quote:
Originally posted by nntksv
Hi all,
I will be landing in Ontario as PR this summer. I am planning to do an MBA from one of Ontario universities. I was looking to apply to Rotman, Schulich and Ivey as they are the best ranked business schools. However I have been advised by someone (himself a Rotman MBA) that it is much cheaper to get the MBA from a lower rung school and the job opportunities are the same for both.
The fee difference is really there (something like DeGroote school costing $26,000 and Rotman costing $75,000) and there should be some payoff for spending 3 times the money.
I am confused and wonder whether it really doesn't make a difference which school you get the MBA from as far as career prospects are concerned?
Any thoughts will be highly appreciated!
Cheers
Nope, the Rotman MBA costs $75K for Residents and $95K for International students
http://www.rotman.utoronto.ca/mba/admission.htm#fees
funnyboy, I'm in a similar situation as you - CA from India working in the gulf. However, my choice for MBA is narrowed to Canada as I plan to settle down there.
Considering the feedback I've got on this forum (and also from my other friends in Canada) I might not opt for an expensive program at this stage.
I've also seen the experience of 3 of my friends who did their MBA from the world's best biz schools in UK in 2009. None of them was able to land up with a job. Looks like things won't be very different in Canada either.
