9/7/2015

Roadtosuccessfulglobalcareers:'DoubleMBA'isbecomingthenextbigtagtimesofindiaeconomictimes
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INDEPTHCOVERAGE
WorkExperience

Roadtosuccessfulglobalcareers:'DoubleMBA'is
becomingthenextbigtag
SreeradhaDBasu,ETBureau Mar23,2012,07.19AMIST

Tags: PremierIndianBschool&IvyLeagueinstitute
LondonBusinessSchool

IIMCalcutta

DoubleMBA

| philips | McKinsey&Co | MBA |

| ColumbiaBusinessSchool

KOLKATA:WhenhejoinsMcKinsey&,USasstrategic
consultingassociatelaterthisyear,MoidMohammedwill
bearmedwithanMBAfromColumbiaBusinessSchool.
Nothingunusualaboutthat,exceptthatthisishissecond
MBA,whichheoptedforfiveyearsaftercompletinghisfirst
onefromIIMLucknow.

Insead

SPOTLIGHT
ETWealth

FDIoverhaul
OneMBAisgood.Buttwoareevenbetter.That'sthefeelingamongagrowingbandofprofessionalslike
Moid,rootingfortheirsecondMBAfromtoplineinternationalinstitutes,despitehavingonefromareputedB
schoolinIndia.
MoidjoinedIIMLucknowimmediatelyaftercompletinghisundergraduateprogrammeinengineering.Five
yearsdowntheline,afterstintsinmanagementconsultingatPricewaterhouseCoopersandcorporate
strategyatDubaiHolding,hebeganhissecondMBAwiththegoalofmovingintostrategyconsulting,an
opportunityhesayshewouldhavefounddifficulttobreakintootherwise.
"AtIIM,Ihadno'realworld'experiencetoapplymylearningsto.Withworkexperience,Iunderstoodthat
thereweremanyareasIneededtodevelopfurther.ThesecondMBAgavemetheopportunitytofocuson
someofthesedisciplinesandmakemeastrongerbusinessleader,"saysMoid.

Meetthetop10FundManagersof
2015

Modigovtkeentoscissorredtape
"AtColumbia,Ialsogottostudywithadiverseclasswhichadvancedmyinternationalawarenessand
toattractFDI

Fundmanagersareentrustedwithlargesumsof
investors'money,aresponsibilitythatcan'tbe
takenlightly&demandsthorough
understandingofeconomy.

Indiaislookingatafreshoverhaulofits
educationandnewtrends.It'sespeciallygoodforpeopleontrackforleadershippositions.
overseasinvestmentregimeasthModigovtis
However,oneneedstobeselectiveabouttheinstituteonechoosesforthesecondMBA,"saysYashwant
keentomakeiteasiertodobusinessinthe
Mahadik,VP,HR,IndiansubcontinentatPhilips.Networkingopportunitiesareanotherreasonforpursuinga
country.

Shouldyouinvestinfixedmaturityplansor
fixeddeposits?
Usementalaccountingtoavoidspending
lumpsumreceipts

understanding.""Youdon'tjustpursueasecondMBAtoaccelerateyourcareerbutalsotocatchupwith

secondMBA,asKrishnaKumar,president,PhilipsHealthcare,testifies.

HehasonefromIIMAhmedabadfollowedbyanotherfromNorthwesternUniversityKelloggSchoolof
Management."Ialsogottodosomewonderfulworkontechnologyandbiotech,whereasIwasfroman
investmentbankingbackground.Thatyear,Ifocusedonlyonstrategy,technologyandbiotechwithagroup
of90studentsfromdiverseinternationalbackgrounds,"saysKumar.

http://articles.economictimes.indiatimes.com/20120323/news/31230304_1_workexperienceinseaddubaiholding

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9/7/2015

Roadtosuccessfulglobalcareers:'DoubleMBA'isbecomingthenextbigtagtimesofindiaeconomictimes

Studentsarealsokeenongettingaglobaledge."Theyarelookingtoenhancetheirexperienceinamulti
culturalsettingandleverageourMBAasalaunchingpadforaglobalcareer.Careerchangeispartofthis
motivation.Usually,about80%ofourstudentbodyachievescareerchangewhetherthisisfunction,
industryorgeographyaftercompletingtheirMBA,"saysInseaddeputydean,degreeprogrammesand
curriculumPeterZemsky.
There'salsotheneedtocatchupwiththosewhohavedonetheirMBAsfromHarvardorStanford.
EspeciallyinIndia,whereamajorityofstudentsgoinfortheirfirstMBApracticallyasfreshers,those
placedininternationalassignmentsrealisethatafterapoint,theirprogressisrestricted.
OneofthereasonsbehindthepopularityofasecondMBAisthatIndia'sbestinstitutesarestillnotonpar
withtheHarvardsandInseads,saysEBalaji,MDandCEOofHRfirmMaFoiRandstad."Theyare
increasinglychoosingthisrouteinordertoenhancecompetitiveness,"addsPrashantMishra,admissions
chairpersonatIIMCalcutta.
ThepursuitofasecondMBAdoesn'tcomecheap,though.WhileanMBAfromapremierIndianbusiness
schoolcostsbetweenRs7.5lakhandRs14.5lakh,onefromaleadingBschoolabroadcansetonebackby
severaltimesmore.
ThecurrenttuitionfeefortheMBAprogrammeatInseadis58,000euros(nearlyRs38.36lakh)whilethefees
fortheprogrammeatLondonBusinessSchoolstartinginAugust2012areat57,500(approximatelyRs45.8
lakh).Thefigurecovers15to21monthsoftuitionandcoursematerials.
AtWharton,thefeeisat$89,200(almostRs44.5lakh)includingtuition,roomandboard,healthinsurance,
booksandmiscellaneousexpensesforthefirstyearalone.ButBalajisaysit'sworthit.
"ThepopularityofourinstitutesareatbestconfinedtoanAsiaPacificlevel.Ontheotherhand,pursuingan
MBAfromanIvyLeagueschoolmeansyouaremovingonaglobalcareertrajectory.It'snotjustthemoney,
it'salsotheexposure.Youarecatapultedintoadifferentleague."

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Roadtosuccessfulglobalcareers:'DoubleMBA'isbecomingthenextbigtagtimesofindiaeconomictimes
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Readers'opinions(70)
Sortby: Newest | Oldest
PSRMurthy(chennai)
25Mar,201212:11AM
HowmanyCEOshaveMBA?LeadingEnterpreneursAmbani,AjitPremji,BillGates(tonamefew)donothave
MBA,buthavetherequiredqualitiestobringup,run&expandEnterprises.Manyfirmsdonotunderstandthis&
QueupbeforeLeadingBSchools,whileOrdinaryMBAshaverequiredQualities,butrnotgivenOpportunities.
ZZoro(bangalore)
25Mar,201212:06AM
IthinkitsonlyinIndiawhereinexperienceundergradsareallowedtodoMBA,Imostcountriesyouneedtohave
atleast2yearsexperiencetoapplyforanMBA
Moid(NewYork,USA)
24Mar,201205:56AM
IjustwantedtoputonrecordthatpursuingasecondMBAisnotprescriptiveforeveryonebutisvery
circumstantialdependentonwhatcareeraspirationsonehas,theirjourneythusfar,anditstiming.Also,itisno
waytoquestionthecaliberofIIMs.IthinkIIMsdoagreatjobatwhattheyaredesignedtodo.Andinnowayisit
anapplestoapplescomparisontopegthemagainsttheivyleagueschools.Eachsystemservesadifferent
purposebasedondifferentfundamentals.Aconstructiveinferencefromthisarticleshouldbethat:(a)MBA
aspirantswhohaven'tembarkedonthisjourneyshouldunderstandthedifferencesandmaketherightjudgment
gettoIIMsrightafterundergradorworkforafewyearsandthenexploreinternationalschools(b)Professionals
whoalreadyhaveanMBAcanseethisasanoptionaheadofthemtorecalibratetheircareers,onlyifnecessary.
Thismessagewasn'tcommunicatedwellbythearticleauthor.Finally,thisisn'tanewtrendatall...therearea
numberofIIMgraduateswhohavebeengoingthe"DoubleMBA"route.OnesuchinstancehasbeenPepsi'Indra
NooyigoingtoYaleafterherfirstMBAatIIMCalcutta.
htnakirs(calicut)
23Mar,201209:27PM
JustgoestoproovethatanMBAdegreeismostlyfluff.Ittakestwoofthesetocountformuch!
K.Mundan(NaviMumbai)
23Mar,201207:21PM
ThephraseDoubleMBAremindsmeaquestionposedbythejokerinatinseltownstory:AreyouBA,orMA?
Dontmixthemup,asMBA.Itisderivedfromagenerationoldjoke.Thecandidateisasked:AreyouMatricpass?
Reply:Iamagraduate,Sir.Answermyquestion:AreyouMatricpass?
Clark(Sg)repliestoMoid
25Aug,201301:26PM
moidhavetriedreachingyou.onlinkedin/twittertonoavail.hadseenyouremailposted
somewherebutsomehowlostthatlink.amapplyingtoCBSandjustwantedafewinputsasiam
doingmy2ndoneaswell.wouldappreciateitifyoucouldsendmeyouremail.thanksman!
Mahesh(delhi)repliestoMoid
24Mar,201211:00AM
Thistrendisalsosimilartocompaniessendingtheiremployeesforotherstudieswhichwillhelpin
jobenvironment.Peopleshouldn'tdirectlyconcludebyreadingthisarticle,butdotalktopeople
whoaredoingsecondMBA,andaskwhytheyaredoing,whatisthevalueaddetc.
MoidrepliestoMahesh
24Mar,201211:40AM
Iabsolutelyagreewithyou,Mahesh.It'snotaonesizefitsallrecommendationbut
hastobeconsideredinspecificcircumstances.Happytoseetherearepeoplelike
youwhocanseetheunderlyingmessagewithoutgettingfanaticaboutit.
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