My daughter is 27 working for last 4.5 yrs .She worked in Uber for 18 months and now In Apple for past 38 months . Job is good ,she is good at work and well payed too.She is a BCom international business graduate.Now she wants to go for MBA after 6 more months .2 times CAT she didn’t score well (untrained ). How can she get into a good university for MBA in India ,USA,Europe or Singapore.USA Is last option .Please suggest Sir can she go for MBA for better professional future or continue her job ?If she has to study further what specialisation would be better for future ?

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: These are some opportunities which your daughter should considering pursuing such as MBA-Finance /CFA (Chartered Financial Analyst) and Data Analytics, given your daughter's proficiency in mathematics and her interest in data analytics, pursuing a course in this field can be a wise choice since it is in high demand across industries. Ultimately, the decision should be based on your daughter's interests, strengths, and long-term career aspirations. It's important to have open and supportive discussions with her understanding her motivations and goals.

Ans: Usually students don't study further after an MBA, unless they plan to teach after doing a PhD. It is advisable to take up a job to get hands on experience and apply whatever she has learnt in the MBA course.

Ans: She can quit job and fully focus on MBA, but let her do so once she has completed 1 or 2 year work experience so that she can get work experience marks. Advisable to leave job only 3 to 6 months before CAT as that much full time preparation is sufficient to crack CAT.

Ans: Let her check which MBA college she gets admission to and then decide whether to take it up or not based on placement scenario. But in the mean time it is recommended to take up a job so that she has some experience and does not have a big gap in her CV. Getting a high salary depends on doing well in your field which in turn depends on interest. So check which area she is interested in and based on that she can choose a course.