20-Year-Old Daughter Finishing BCOM Hons, EY Placement & CAT: MBA Abroad or Start with EY?

Ans: Hello Rajesh,

First and foremost, thank you for getting in touch with us. Sincere congratulations to your daughter on finishing her PGDM and landing a position as a Business Analyst with an MNC bank. Depending on her job objectives and personal preferences, pursuing an MBA in Finance overseas may be a smart move for her to advance in her career.

When choosing whether to pursue an MBA in Finance overseas, keep the following things in mind:

1. Career Objectives: An MBA in Finance from a foreign university can be a fantastic option if your daughter wishes to switch careers or grow in the financial industry. She can acquire the skills and knowledge she needs to flourish in the finance sector as a result of it.

2. Personal Choices: Your daughter should decide if she is prepared for the challenges and costs of pursuing an MBA overseas. She should also take into consideration the location (setting) and culture of the country she wants to study in, as well as if it is compatible with her own preferences.

3. Skill Enhancement: Your daughter's knowledge and abilities in areas like corporate finance, risk management, investment analysis, and financial management can be improved by enrolling in an MBA program abroad, which can provide her with specialised coursework and hands-on learning experiences in the field of finance.

4. Networking Possibilities: By studying overseas, your daughter may have the chance to connect with professionals, academic staff, and students from various backgrounds. This can help her create a strong professional network that could be useful for her future career aspirations.

5. Expenditure and Return on Investment (ROI): Your daughter should take into account the cost of tuition, living expenses, and other associated costs before pursuing an MBA abroad because it can be pricey. Not just that, she should also consider the Return on Investment (ROI) of the MBA, or whether earning the degree will enable her to pursue her career objectives and will be financially worthwhile.

6. Business School’s Social Standing: Your daughter should conduct research and select a prestigious business school that provides an MBA in Finance overseas. Her future employment opportunities and professional advancement may be significantly impacted by the business school's reputation.

Your daughter's specific career aspirations, personal situation, and financial concerns should ultimately guide her decision about whether to pursue an MBA in Finance overseas. Making an informed choice requires extensive research and evaluation of various MBA programs, including their reputations, curriculum, faculty, alumni networks, and placement rates. Consultation with career counselors, mentors, and finance specialists may also be beneficial.

For more information, you can visit our website.

Ans: Hello,

First and foremost, thank you for contacting us. Your daughter’s career ambitions and passions play a key role in her decision to pursue either a Master of Science (MS) in Engineering or a Master of Business Administration (MBA). While both offer unique benefits, she should make a choice based on her personal goals and the path she intends taking. Mentioned below is an overview of both courses to help make an educated choice:

Master of Science (MS) in Engineering:

1. Technical Know-how: Technical skills and knowledge within a certain engineering discipline are boosted through an MS in Engineering degree. If your daughter wishes to acquire a better understanding of a specific area of engineering and undertake cutting-edge research or development initiatives, pursuing this degree is an excellent choice.

2. Research Possibilities: Research projects, most often being a component of MS programs, they can result in publications and a chance to support modern developments in this area.

3. Concentration: Pursuing an MS program allows one to specialize in a particular engineering discipline, which in turn, can help her acquire expertise in a specific subject.

4. Job Roles: MS in Engineering graduates generally pursue technical positions viz., that of a design engineer, technical specialist, or research engineer.

Master of Business Administration (MBA):

1. Leadership and Management Abilities: Pursuing an MBA program enables one to develop business understanding, leadership abilities, and comprehensive knowledge of different business functions. This proves invaluable for one with an interest in leadership and management positions.

2. Adaptability: An MBA is adaptable with applications in not just engineering but a variety of sectors. If your daughter is thinking of a career in management, consulting, entrepreneurship, or any position that demands a solid background in business, pursuing an MBA is a good choice.

3. Collaboration: With MBA programs often placing a strong emphasis on networking, applicants are provided with opportunities to connect with experts from varied backgrounds and businesses.

4. Entrepreneurship: Pursuing an MBA degree can equip your daughter with the requisite knowledge and abilities required to succeed in the corporate world, if she plans on establishing her own company.

Factors viz., your daughter’s hobbies and interests, future aspirations, long-term career plans, abilities and strengths, and monetary concerns should be taken into account in order for her to make a confirmed choice.

Finally, the choice should depend on your daughter’s personal goals and vigour. Getting in touch with experts in both engineering and business to acquire information about their experiences and seeking advice mighet also prove beneficial.

For more information, you can visit our website.

Ans: If she gets admission to a good college she can take it up. Else she can take up EY and write the entrance exams next year and year after that. If she does not get a good college in India during these years, she can use her experience and write GMAT to do MBA abroad.

Ans: If she gets a good college then can first do an MBA and then look for job experience, unless she has a provision to defer her admission. Top B schools in UK would be London Business School, Oxford , Cambridge, etc.

Ans: LSE is a good college. But if possible can defer the admission and take a work ex of 1 year. In the meantime can look at other options of doing MBA including LBS, etc.