IMD MBA Admissions Chat with Janet Shaner
IMD MBA Admissions Chat with Janet Shaner
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Linda Abraham (May 10, 2007 12:00:25 PM)
First I want to welcome you all to Accepted.com’s International MBA Admissions Chat and the IMD room.
Linda Abraham (May 10, 2007 12:00:31 PM)
I also want to welcome Janet Shaner, Director of MBA Marketing, and Raj Kappali, member of the IMD class of 2007.
Linda Abraham (May 10, 2007 12:00:37 PM)
Originally from India, Raj was a Project Lead/Procurement Specialist for Hewlett Packard in Singapore. Before joining the IMD MBA program, he had 7+ years of experience in manufacturing outsourcing, new technology development and project management in Asia.
Linda Abraham (May 10, 2007 12:00:44 PM)
Raj, what do you plan to do after you receive your MBA?
RajKappaliIMD (May 10, 2007 12:01:07 PM)
hum...I am exploring to enter industry or strategy consulting...
Linda Abraham (May 10, 2007 12:01:07 PM)
Thanks to everyone for joining.
Linda Abraham (May 10, 2007 12:01:13 PM)
Rhansen (May 10, 2007 12:02:19 PM)
Could you give us some ranking information about IMD?
JanetShanerIMD (May 10, 2007 12:02:50 PM)
IMD was ranked #1 by the Financial Times ranking of ranking - a compilation of all the rankings. That gives you a good sense.
pavanP (May 10, 2007 12:03:34 PM)
How does the IMD MBA compare in terms of value added to the individual- Since the intake at IMD is low and that is good for the students, how big of a differentiator is the intake factor?
Linda Abraham (May 10, 2007 12:03:51 PM)
I'm not sure I understand your question. Janet, do you?
JanetShanerIMD (May 10, 2007 12:04:02 PM)
Yes, Raj will answer.
RajKappaliIMD (May 10, 2007 12:04:13 PM)
It depends upon what are you looking at. It's the quality that counts when it comes to networking. Smaller size does get focused attention from the faculty as well as quality interaction with the fellow students...
pavanP (May 10, 2007 12:05:09 PM)
Any other advantages apart from networking?
Linda Abraham (May 10, 2007 12:05:38 PM)
Janet: Several schools (Stanford and Yale to name two) are undergoing major curriculum changes. Does IMD have any such plans?
RajKappaliIMD (May 10, 2007 12:06:02 PM)
Pavan, networking is a BIG thing. Other than that, IMD emphasizes Team Dynamics a lot - so smaller classes makes it more of a learning experience. And the last but not the least - getting recruited is lot easier (you won't be competing with your fellow students at least)
JanetShanerIMD (May 10, 2007 12:06:12 PM)
IMD continually reviews our curriculum in line with feedback from the market - both participants and corporate clients. Our last big curriculum review was in 2001 and we still believe the enhancements we made then are good and at the forefront.
Linda Abraham (May 10, 2007 12:07:18 PM)
To follow up on Raj's last point, the recent GMAC recruiter survey revealed that recruiters particularly value the teamwork skills that MBAs frequently bring with them.
pavanP (May 10, 2007 12:07:37 PM)
As a student at IMD what would you say are the 3 most impressive features of the school which you would say would put IMD above the rest.
JanetShanerIMD (May 10, 2007 12:08:00 PM)
Our MBAs have a chance to develop great teamwork skills - they work on 4-5 teams in the year . . very diverse . and very good learning experience!
Linda Abraham (May 10, 2007 12:08:18 PM)
Thanks Janet. Anything new for the class entering in 2008?
RajKappaliIMD (May 10, 2007 12:08:36 PM)
The 3 most impressive factors are: rigorous curriculum (value for money), leadership emphasis and connection to industry - all in a real world and real learning setting.
JanetShanerIMD (May 10, 2007 12:09:00 PM)
A new location for our discovery expedition - to be announced in January 2008. Otherwise, things will be quite similar to this year.
Linda Abraham (May 10, 2007 12:09:40 PM)
Janet, if you are looking at an application and the numbers and basic profile is in the ballpark for an IMD student, what distinguishes an application that is accepted from one that is rejected?
JanetShanerIMD (May 10, 2007 12:10:18 PM)
We are looking for someone who can help us understand why they're passionate about IMD and what they will contribute to the class. A good story about what they've done, what they want to do, and why IMD fits.
Linda Abraham (May 10, 2007 12:10:21 PM)
Raj: What has been your not-to-be missed class? Who has been your best professor?
RajKappaliIMD (May 10, 2007 12:11:05 PM)
Oh, many of them for various reasons. but the most I love to attend is the one from the MBA dean - Entrepreneurship. He comes out with so much of hands on experience anecdotes that it is as if we are all doing the "deals" in a real life!
Linda Abraham (May 10, 2007 12:11:29 PM)
Raj, are you thinking of starting your own business?
mario (May 10, 2007 12:11:40 PM)
Janet, any options for the discovery expedition so far?
JanetShanerIMD (May 10, 2007 12:12:18 PM)
Certainly yes . . but no hints yet. We look for a place that is changing and where it may be difficult to do business and business can make a difference in the change. Previous locations have been Argentina, Bosnia and this year South Africa.
Linda Abraham (May 10, 2007 12:12:21 PM)
Anecdotes bring class (and essays) to life.
RajKappaliIMD (May 10, 2007 12:12:45 PM)
Hi Linda, I do have a bit of entrepreneurship experience. However, having interacted with so many of like minded here, I think I need to hit a bit of other experience before I consider starting something on my own
Linda Abraham (May 10, 2007 12:13:42 PM)
Janet, my previous question focused on the qualitative aspects of an application, but what about the stats. What is IMD looking for in terms of a GMAT score? How heavily does it weight GPA, which for most IMD applicants is somewhat old?
RajKappaliIMD (May 10, 2007 12:14:11 PM)
As you might know, all the professors here do external consulting and fellow students have on average of 7 yrs of experience... making the class and case discussion REAL learning rather than just theoretical input
JanetShanerIMD (May 10, 2007 12:14:35 PM)
For GMAT, most of our class scores between 620-720. We look more at GMAT than GPA, partly because of the age but also it's more comparable internationally.
Aakash (May 10, 2007 12:14:47 PM)
Janet / Raj, How much is Entrepreneurship valued at IMD? Do lot of students start their own businesses?
RajKappaliIMD (May 10, 2007 12:16:02 PM)
Akash, if you are asking of students getting in - yes quite a few have entrepreneurship experience (I can count at least 4 students who have had such exp in the present class). I don't have the exact number regarding the second part of your question
JanetShanerIMD (May 10, 2007 12:16:48 PM)
Immediately after graduation, normally 2-3 start their own businesses. But over time a significant percentage move into running their own businesses.
mario (May 10, 2007 12:17:04 PM)
Janet: I am applying for 2008 intake, and was selected for an interview in Shanghai where I'm based. Is there any relevant difference from an interview taken in Shanghai and in Lausanne? I'm not a Chinese national...
Linda Abraham (May 10, 2007 12:18:13 PM)
Raj, what would you like to see improved?
JanetShanerIMD (May 10, 2007 12:18:19 PM)
Congratulations, Mario. There is no difference in the interview process itself - everyone is subjected to the same rigorous interviews no matter where the location. The only difference is that you don't see the campus and meet the current MBAs.
Linda Abraham (May 10, 2007 12:19:13 PM)
Janet, IMD has a demanding and extensive interview process. I have read about it in the MBA Admissions Feedback Database (http://www.accepted.com/mba/interviewfeedback.aspx ). How do you use the interview in the evaluation process?
RajKappaliIMD (May 10, 2007 12:19:19 PM)
That is a tough question - I like to mention that we need more time to relax! but that is not going to happen...
Linda Abraham (May 10, 2007 12:19:30 PM)
JanetShanerIMD (May 10, 2007 12:19:35 PM)
Our interview is the deciding factor in the admissions process. There are 3 parts: a personal interview, an impromptu presentation and a case study. We require everyone to go through this process before we make a decision to offer them a place in the program.
RajKappaliIMD (May 10, 2007 12:19:52 PM)
That said, I would like to go in-depth of some of the subjects such as marketing and operations. These subjects are part of our building block
mario (May 10, 2007 12:20:43 PM)
Thanks Janet. Actually I have already visited the campus in Feb. this year before making the decision to apply. Now it's time to get prepared for the rigorous interview.
Linda Abraham (May 10, 2007 12:21:13 PM)
Raj and Janet, any tips for the interview?
JanetShanerIMD (May 10, 2007 12:21:20 PM)
That's great, Mario. Definitely take time to prepare. I'll be doing the interviews with my colleague Lisa, so we look forward to meeting you.
RajKappaliIMD (May 10, 2007 12:21:28 PM)
Regarding interview a key point to note is that adcom does all the interviews
Linda Abraham (May 10, 2007 12:22:15 PM)
Raj, what is significant in your mind about the fact that adcom members give the interviews?
JanetShanerIMD (May 10, 2007 12:22:18 PM)
Tips: Know your application, be prepared to tell us about yourself and why you should be in the program, and be prepared to think and be flexible on the day.
Rhansen (May 10, 2007 12:22:32 PM)
What field do most IMD grads go into?
RajKappaliIMD (May 10, 2007 12:22:44 PM)
Take a good rest. It is extremely important to be thorough with the application and emphasize what you bring to the class
JanetShanerIMD (May 10, 2007 12:22:53 PM)
70% of the class normally goes into industry, 15% to consulting and 15% to banking / finance.
OTG (May 10, 2007 12:23:19 PM)
Janet: Can you comment on the progress of filling/building the class in the first two rounds versus the same of the last year? And how does it compare to the last year in terms of applicants quantity and quality
RajKappaliIMD (May 10, 2007 12:24:08 PM)
It is of paramount importance to me because it tells me that adcom really puts in effort to meet every student. No biases by alumni interview and everybody goes through the same test
JanetShanerIMD (May 10, 2007 12:24:25 PM)
OTG it's the same process every year. We read through each application and then select the people we want to interview. It's tracking in line with last year - applications are up slightly so far.
Linda Abraham (May 10, 2007 12:25:13 PM)
Janet, are there any special considerations for re-applicants at IMD? Should re-applicants obtain recommendations from different recommenders. If an applicant is does not receive encouragement to reapply, is it a waste for that applicant to do so?
JanetShanerIMD (May 10, 2007 12:25:42 PM)
If someone is declined and would like to reapply, we encourage them to contact our admissions office to get feedback on their application . If something has changed in their application, for example they were too young and now have more experience, it's no problem to reapply. If nothing has changed, their chances are lower.
Linda Abraham (May 10, 2007 12:25:52 PM)
Aakash (May 10, 2007 12:25:59 PM)
Is there a certain percentage or number you'll select for interviews from the applications, or everyone who meets criteria ?
Linda Abraham (May 10, 2007 12:27:03 PM)
Raj: When do IMD participants have the opportunity to interact with professors outside of class?
JanetShanerIMD (May 10, 2007 12:27:12 PM)
Aakash we select 1/3 to 1/2 of those who apply for an interview. We definitely select based on what you've written in your application . . not just if you meet the criteria.
RajKappaliIMD (May 10, 2007 12:27:19 PM)
actually encouraging people runs through the entire program here - we are given tons of assignment which absolutely impossible to complete alone unless you trust in team mates quality and encourage them to push their limits
Linda Abraham (May 10, 2007 12:27:40 PM)
Janet, what percentage of accepted students was accepted each round? Is there an advantage to applying in different rounds?
RajKappaliIMD (May 10, 2007 12:28:24 PM)
We have ample of time to raise our questions during the 4hr classes. Additionally most of the profs stay back to address individual questions after the class. As a last resort - we can directly meet them at their cubicles
JanetShanerIMD (May 10, 2007 12:28:25 PM)
Linda we don't have a specific percentage that are accepted each round. Normally we recommend earlier is better, but we take a reasonable percentage from every deadline, so we also recommend to apply when you're ready.
Linda Abraham (May 10, 2007 12:28:58 PM)
Janet, how is recruiting going this year? Are there more companies recruiting on campus this year? More interviews scheduled? How are compensation packages when compared to previous years?
JanetShanerIMD (May 10, 2007 12:29:16 PM)
Linda 2006 was a record year for recruiting. We had 60 companies on campus, 100% with offers within 3 months of graduation and average salary of $120,000. This trend looks to continue this year.
Linda Abraham (May 10, 2007 12:29:24 PM)
Raj, what do you wish you would have done before starting your MBA that would have made the beginning/transition easier? Did you do anything especially effective that helped you?
RajKappaliIMD (May 10, 2007 12:30:25 PM)
I wish I had taken more rest. Other than that Linda, IMD program is such that one cant really "get prepared"!
Linda Abraham (May 10, 2007 12:30:33 PM)
Wow. Great numbers Janet.
JanetShanerIMD (May 10, 2007 12:31:08 PM)
We're pleased with the results, Linda - credit to our career services team and our great participants! Both really worked hard to get those results.
Linda Abraham (May 10, 2007 12:31:28 PM)
The effort clearly and literally has paid off.
RajKappaliIMD (May 10, 2007 12:31:31 PM)
I would suggest that brushing up on accounting would go a long way. I tried to read books and magazines of current affairs and most importantly tried to understand the demands of the program
Joseph_1974 (May 10, 2007 12:31:41 PM)
I have about 10 years of work experience and also hold a 4 years master degree in management studies (which I enrolled at 17 years of age). Would the regular IMD MBA program be right for me? Or should I consider the Executive MBA
mario (May 10, 2007 12:31:44 PM)
Janet, this sounds great.
IKH (May 10, 2007 12:32:12 PM)
Janet, from the 60 companies on Campus, how many are coming back each year ?
JanetShanerIMD (May 10, 2007 12:32:45 PM)
Joseph, you're just on the edge of MBA / EMBA. You might consider doing our Assess Your Chances survey on our website to get some feedback on your profile.
RajKappaliIMD (May 10, 2007 12:33:06 PM)
Hi Joseph, it depends upon what you expect from the program. Full time MBA demands you to be present here for the complete duration
JanetShanerIMD (May 10, 2007 12:33:36 PM)
IKH, I don't know the exact number, but as an estimate 2/3 of the companies are coming back. When they don't come back it may be because the company is going through a change or because they didn't find IMD candidates that fit their profile in previous years.
Aakash (May 10, 2007 12:33:41 PM)
Being such a rigorous program, what extra curricular activities are promoted ?
JanetShanerIMD (May 10, 2007 12:34:20 PM)
We also proactively invite new companies that fit industries that our participants are looking for to complement those companies already on campus.
Joseph_1974 (May 10, 2007 12:34:26 PM)
What kind of companies come to your campus for recruitment?
RajKappaliIMD (May 10, 2007 12:34:49 PM)
Akash, school motto here is to work hard and play hard. We do get time to go out and spend some time enjoying but honestly, if you are looking for a laid back life style, no IMD is not the right school
JanetShanerIMD (May 10, 2007 12:35:00 PM)
A wide range of companies, locations and industries come for recruitment. On our website we have a specific listing of companies, so perhaps better to check there.
mario (May 10, 2007 12:35:16 PM)
Janet, I have seen many alumni working in Switzerland right after the MBA. Is this a trend or just a coincidence?
Linda Abraham (May 10, 2007 12:35:31 PM)
Raj, since you were not living in Switzerland prior to the start of school, what would have made your adjustment to a new culture easier?
JanetShanerIMD (May 10, 2007 12:35:38 PM)
Mario it depends on the year, but sometimes up to 30% of the class stays in Switzerland . .
RajKappaliIMD (May 10, 2007 12:36:00 PM)
Typical extracurricular activities include go carting, skiing, pubbing and "catching up with sleep"!
JanetShanerIMD (May 10, 2007 12:36:05 PM)
Switzerland has a large number of multinational companies so participants may start here and move later in their careers. Switzerland is also a nice place to live, so it is attractive as a career location.
Linda Abraham (May 10, 2007 12:36:36 PM)
Does IMD accept 3-year bachelors degrees?
JanetShanerIMD (May 10, 2007 12:37:25 PM)
Yes we do. With a 3 year bachelors we would look especially carefully at the work experience after university.
nick (May 10, 2007 12:37:35 PM)
Hello, I just joined and while reading through IMD's fact file in Business Week I realized that IMD does not seem very receptive to re-apps?
RajKappaliIMD (May 10, 2007 12:37:35 PM)
Linda, coming from a warmer country, it was tough in the earlier days to get accustomed here. Other than that I don't see any other issues. Admin staff is extremely efficient and takes care of our needs such as accommodation, books etc enabling us to focus on studies
RajKappaliIMD (May 10, 2007 12:38:35 PM)
Hi Nick, it depends upon the candidate. If you possess the right qualifications, there is a good chance should you reapply (by the way, I am a re-applicant)
JanetShanerIMD (May 10, 2007 12:38:40 PM)
Nick, your perception is correct. We talked about this a little earlier in the chat - if you want to reapply, get feedback from admissions first. If you've fixed the things that didn't work before, no problem to reapply. If not, your chances are not likely to improve.
Joseph_1974 (May 10, 2007 12:38:53 PM)
what kind of jobs do most of your graduates get after at IMD?
JanetShanerIMD (May 10, 2007 12:39:36 PM)
Joseph - 70% industry, 15% consulting, 15% banking / finance. Typically higher level jobs - to leverage the substantial experience of the participants!
Linda Abraham (May 10, 2007 12:39:44 PM)
Will IMD consider applicants who already have an MBA and want a second MBA?
RajKappaliIMD (May 10, 2007 12:39:52 PM)
Joseph - some of my earlier batch students have got into Business dev director, senior consultant and procurement manager roles. Mostly we go into industry jobs
JanetShanerIMD (May 10, 2007 12:40:22 PM)
Yes, Linda, if there is a good reason why another MBA. For example, Indians may get an MBA immediately after university and then want an international MBA to broaden their experience.
IKH (May 10, 2007 12:41:01 PM)
Thanks Janet, which consulting firms usually come on campus for recruitment?
JanetShanerIMD (May 10, 2007 12:41:49 PM)
IKH, McKinsey, BCG, Marakon, Bain.
Linda Abraham (May 10, 2007 12:42:50 PM)
How are IMD graduates doing in the US job market? Their home countries' job markets?
IKH (May 10, 2007 12:43:00 PM)
Raj, what is the thing that got you into the program the second time you applied ?
JanetShanerIMD (May 10, 2007 12:43:05 PM)
Linda - in general participants are able to find a job in the location where they are looking - if they have the appropriate qualifications for a company to hire them. Sometimes they have to wait to get a visa in the US, for example . . so they work first at the company's UK or home country office for example .. but the visa comes through and then they move to the US.
mario (May 10, 2007 12:43:53 PM)
Janet, what do most students do in the summer break of July?
JanetShanerIMD (May 10, 2007 12:44:12 PM)
Mario - take a vacation / rest. They have earned it!
Joseph_1974 (May 10, 2007 12:44:19 PM)
What is the range of candidates age for the regular MBA program?
JanetShanerIMD (May 10, 2007 12:44:41 PM)
Joseph, most of the class is 27-34.
mario (May 10, 2007 12:44:42 PM)
ok. fair enough!
RajKappaliIMD (May 10, 2007 12:44:50 PM)
IKH, I was late in applying the first time. That played negatively. I talked to adcom and spent the year enhancing my leadership and strengthening my candidacy (filed a patent), got additional international exp. Most of that was planned and a slight portion (like additional responsibility given) was blessing in disguise!
Linda Abraham (May 10, 2007 12:45:11 PM)
Janet, do you have any suggestions for students about to start at IMD?
JanetShanerIMD (May 10, 2007 12:46:03 PM)
Linda - be prepared for an intense but extremely rewarding year. It's a bit like running a marathon . . and mental preparation is key!
Linda Abraham (May 10, 2007 12:46:04 PM)
OK. Ask about life of partners and family.
IKH (May 10, 2007 12:47:02 PM)
Linda/Raj, what about work possibilities for a partner ?
JanetShanerIMD (May 10, 2007 12:47:09 PM)
Partners and family are important to us - as many participant have them. We have a partner program and a kindergarten to give them opportunities to meet each other and stay active while their partners are busy with the program.
RajKappaliIMD (May 10, 2007 12:48:02 PM)
Linda, I did not get my wife here for two reasons - program is extremely demanding in the earlier 4 months and I thought I won't have quality life with her. Additionally (since I got married just before the program start) I had some documentation issues too
JanetShanerIMD (May 10, 2007 12:48:08 PM)
IKH work possibilities depend on your nationality. Europeans have a reasonable chance . . others it may be somewhat more difficult.
nick (May 10, 2007 12:48:19 PM)
Has the job market shown signs of softening for the graduating class?
RajKappaliIMD (May 10, 2007 12:48:52 PM)
Hi IKH, Not many partners work here. But that said, few have managed find some (mostly to get themselves engaged than to earn)
JanetShanerIMD (May 10, 2007 12:48:52 PM)
Nick, the job market looks strong again this year - we hope to repeat our record numbers from last year.
OTG (May 10, 2007 12:49:03 PM)
Raj/Janet: What would you advise to budget for a living expenses (apart from school fees) for a family of three, with a kindergarten age child, to live comfortably?
Linda Abraham (May 10, 2007 12:49:52 PM)
A recent GMAC survey of recruiters really presented a rosy picture. Please see this this link .
RajKappaliIMD (May 10, 2007 12:50:15 PM)
My classmate Irfane has a similar profile (two kids and a wife) and he mentioned that his typical monthly expenses are about 3000 Fr (2050 rent and remaining living expense)
Joseph_1974 (May 10, 2007 12:51:02 PM)
What is the policy on grades at IMD?
RajKappaliIMD (May 10, 2007 12:51:38 PM)
If you plan early, you can manage to find a decent accommodation for less than 1400Fr capping the monthly budget at 2500
mario (May 10, 2007 12:51:48 PM)
Raj, how do you rate the level of interaction faculty-students? in and out class? Can you approach them easily? Do you get good feedbacks?
JanetShanerIMD (May 10, 2007 12:51:54 PM)
Joseph, We have grades and you must reach a certain grade to pass the course. But we do not disclose grades in our transcripts or after the program.
nsgim (May 10, 2007 12:52:41 PM)
Hi Janet. Could you please hare the statistics and job functions from last year. Who are the biggest recruiters at IMD?
RajKappaliIMD (May 10, 2007 12:52:48 PM)
Mario, I am satisfied with the rate and level of interaction I am getting from the faculty. There is ample opportunity to voice your questions during the class.
Joseph_1974 (May 10, 2007 12:53:09 PM)
Some clarity on fees? what are rentals like? Advance security deposits?
Joseph_1974 (May 10, 2007 12:53:15 PM)
What would living expenses be for a single guy?
RajKappaliIMD (May 10, 2007 12:53:27 PM)
You can also reach them after the classes too. There is a forum where you can post your questions and faculty will answer them
JanetShanerIMD (May 10, 2007 12:53:41 PM)
nsgim, you can see the detail on our website of specific companies and honestly each year the top recruiters change depending on the interests of the students. normally 70% go to industry, 15% to consulting and 15% to banking.
IKH (May 10, 2007 12:54:04 PM)
Janet: Back to the admission, how each part/skills is scaled in an application? GMAT, Leadership, entrepreneurship, international exposure
RajKappaliIMD (May 10, 2007 12:54:49 PM)
Fees 75000 Fr. Rentals depends upon the size and type of apartment but a single room apartment may cost u from 700 to 1400 Fr
Linda Abraham (May 10, 2007 12:55:02 PM)
With such a large percentage of the class going into industry, what does IMD offer would-be entrepreneurs?
JanetShanerIMD (May 10, 2007 12:55:09 PM)
IKH, the GMAT is an entry requirement - you need to get in the range. And then we look at the whole package of you. Some people are stronger on leadership, some are stronger on international experience, etc. We look to see what you will bring to the class and how you will contribute to the learning of the others.
mario (May 10, 2007 12:55:34 PM)
Raj, is it possible to share apartments among the students? Do you know any case? (I'm not planning to bring my partner in case I'm accepted)
RajKappaliIMD (May 10, 2007 12:55:38 PM)
Three months advance for rental required. You are also required to pay the insurance which will be around a months rent
nick (May 10, 2007 12:55:56 PM)
Raj, did you reapply the very next year? I was previously on waitlist so I am going to reapply this year
JanetShanerIMD (May 10, 2007 12:56:23 PM)
Linda, we offer entrepreneurs the same support as any alumni - access to a strong network, continuing conversations with faculty, access to information center resources for them to gather data to support their business.
RajKappaliIMD (May 10, 2007 12:56:47 PM)
Hum.. it is possible but I don't thing you would like it. You typically spend more than 18 hrs in your group and seeing the same face during those few hours is not such an interesting idea!
nick (May 10, 2007 12:57:28 PM)
Janet, while I understand that the average GMAT for IMD is 680, but since its an entrance requirement, is there a minimum cut-off?
RajKappaliIMD (May 10, 2007 12:57:31 PM)
Yes, I reapplied the very next yr. You can reapply - being on hold is a good sign. I suggest u call up the adcom and get the feedback on what is limiting your acceptance (adcom is very supportive of offering feedback)
JanetShanerIMD (May 10, 2007 12:57:55 PM)
Nick, most of our participants score between 620-720.
OTG (May 10, 2007 12:58:11 PM)
Janet: What's the school's policy on the waitlist or conditional admissions? Many schools operate waitlists and conditional admissions to manage diversity.
nick (May 10, 2007 12:58:49 PM)
Thanks raj, it was my GMAT actually haha
JanetShanerIMD (May 10, 2007 12:59:19 PM)
OTG we do have waitlists - it's up to the admissions committee to see how they feel about your application / interview and sometimes they make a decision to waitlist.
vish (May 10, 2007 12:59:27 PM)
Janet: I have heard IMD normally takes in students with higher work exp compared to other schools more like 10 yrs. Please advise
RajKappaliIMD (May 10, 2007 12:59:40 PM)
oh, u can try re-taking the GMAT if that IS the problem. Unless IMD specifically mentions gmat as the problem, I would not suggest u do anything related
JanetShanerIMD (May 10, 2007 12:59:52 PM)
Vish, 10 years is at the high end. Our range is normally 4-10 years.
nsgim (May 10, 2007 1:00:02 PM)
Janet, I saw list of companies on pdf file under career services. I am not getting a view, if companies like Google, Yahoo, Microsoft recruit and what typical job functions do the recruits get into.
RajKappaliIMD (May 10, 2007 1:00:49 PM)
Hi nsgim, typically students get into managerial roles (given the earlier work experience all we bring in)
JanetShanerIMD (May 10, 2007 1:01:11 PM)
nsgim, Google recruited here last year and in previous years students have had offers or gone to work for Microsoft. Typical functions for those companies are likely to be marketing or business development, but depend on the skills of the person.
nsgim (May 10, 2007 1:01:17 PM)
How different is the rate of admission between Apr deadline to Aug? Do you advise me to wait for a year, if I am planning Aug-1 deadline?
JanetShanerIMD (May 10, 2007 1:01:43 PM)
nsgim, Aug 1 deadline is fine. We take people from every deadline so apply when you're ready.
RajKappaliIMD (May 10, 2007 1:01:47 PM)
My take - if you have solid application now then Go for it!
Aakash (May 10, 2007 1:02:25 PM)
What percentage of accepted candidates usually join the class, (which would also answer how many waitlists have a chance?)
nick (May 10, 2007 1:02:46 PM)
Thanks Raj. Yes I was told it was a weakness. :) Janet, any idea which country the next consulting project will be done?
RajKappaliIMD (May 10, 2007 1:03:12 PM)
Consulting project? We do it in more than one country!!
Joseph_1974 (May 10, 2007 1:03:29 PM)
Raj - What is the likely % increase in salary you expect?
RajKappaliIMD (May 10, 2007 1:03:52 PM)
We were just told of this year projects and we have couple of interesting offers regarding geographical locations
RajKappaliIMD (May 10, 2007 1:04:13 PM)
200 %( I am dreaming!!!)
vish (May 10, 2007 1:04:13 PM)
Janet: Thxs. On the job front typically where do most IMD grads end up going meaning is it mostly European countries?
Joseph_1974 (May 10, 2007 1:04:59 PM)
Raj: How would you rate IMD with Wharton, Harvard or Stanford or the one year Sloan Program?
JanetShanerIMD (May 10, 2007 1:05:12 PM)
Vish it depends on the year. Last year 68% stayed in Europe. 12% Asia, 7% North America, 7% Middle East Africa, 5% Latin America.
RajKappaliIMD (May 10, 2007 1:05:16 PM)
If you follow the industry you can notice that pharma companies and consulting houses are doing very good this year. That puts pressure on industry recruiters to grab best talent. So, I believe there will be a good jump in the salary....
nsgim (May 10, 2007 1:05:42 PM)
Janet: I have a certificate for basic familiarity of Spanish and French. Apart from this, I do not have any other proofs. Can I mention them as foreign language in my applications?
JanetShanerIMD (May 10, 2007 1:05:48 PM)
Aakash, 89% of accepted candidates usually join the class.
vish (May 10, 2007 1:06:16 PM)
raj: what has been the salary range for consulting for IMD grads
nick (May 10, 2007 1:06:21 PM)
raj by consulting project I meant the expedition
RajKappaliIMD (May 10, 2007 1:06:24 PM)
Hi Vish, the schools u mentioned are 2 yr one. So, time is a big difference. Other than that, IMD has been consistently ranked in the top and most importantly recruiters love it (Wall Street Journal ranking). If are looking for lesser opportunity cost and good value for money coupled with equally experienced fellow students, IMD is the school
JanetShanerIMD (May 10, 2007 1:06:26 PM)
nsgim, yes that's fine - but state accurately your level of language. Don't say you're fluent . .otherwise, we'll test you on it!
vish (May 10, 2007 1:06:42 PM)
Janet: Normally from what I have heard people with a financial background have better chances of an admit into a MBA school. I come from an engineering background which makes it harder. Since I would like to get into consulting, if I work as a consultant for small or non profit would that push me into the category with someone with a better background.
nsgim (May 10, 2007 1:07:24 PM)
Raj: I believe, there is no internship at IMD. Do people take some jobs during summer break?
RajKappaliIMD (May 10, 2007 1:08:13 PM)
You're right, no internships at IMD. However, we do have International Consulting Project which is more rigorous than internship. You are expected to solve a real problem of a client in 2 months
vish (May 10, 2007 1:08:28 PM)
raj: Is it easy getting work permit in European countries
RajKappaliIMD (May 10, 2007 1:08:30 PM)
Vish - a work permit costs around 116K
vish (May 10, 2007 1:08:55 PM)
USD or euro ? raj
JanetShanerIMD (May 10, 2007 1:09:26 PM)
vish, 37% of our class this year has an engineering background - it's a good transition to take an MBA and then move into more of a business role.
RajKappaliIMD (May 10, 2007 1:09:26 PM)
NSGIM, we get around 3 wks off during July and most of us are intending to use that to network and explore job opportunities. U wont have time to do internship and no company would take u for such a short duration
RajKappaliIMD (May 10, 2007 1:09:29 PM)
Vish - that is USD
mario (May 10, 2007 1:09:36 PM)
Janet, how many students (if any) were recruited to work in South America last year?
Joseph_1974 (May 10, 2007 1:09:47 PM)
Raj - How would you rate the IMD MBA program with the one year Sloan Program at Stanford or MIT?
RajKappaliIMD (May 10, 2007 1:10:06 PM)
Vish, if the company wants u, then it will take care of all the documentation stuff. I wouldn't worry about it
JanetShanerIMD (May 10, 2007 1:10:06 PM)
Mario, 7% of the class went to Latin America.
OTG (May 10, 2007 1:10:11 PM)
Jannet, last year you had 4 students from Russia! What happened to them? and How their lives changed after graduation?
RajKappaliIMD (May 10, 2007 1:10:39 PM)
Joseph, you mean comparing with logistics program at MIT?
nsgim (May 10, 2007 1:11:00 PM)
Thanks Raj: these projects are part of the curriculum not paid, aren't they?
RajKappaliIMD (May 10, 2007 1:11:36 PM)
Yes, they are part of the program and are charged by IMD (students are not paid)
JanetShanerIMD (May 10, 2007 1:11:58 PM)
OTG, I have to remember where they've gone . . one went to San Francisco, one went to Dubai, one went to Zurich, and I can't think of the last. I've seen 2 of them in the past month and they seem to be doing well.
RajKappaliIMD (May 10, 2007 1:12:07 PM)
IMD one yr program is extremely demanding and informative and focuses on general management
JanetShanerIMD (May 10, 2007 1:12:44 PM)
Joseph, we look for international experience and outlook - languages are one way to demonstrate that.
nsgim (May 10, 2007 1:12:57 PM)
Janet: How hard is the deadlines for acceptance money deposit and initial 30K fees? Can that be relaxed for some reasons?
JanetShanerIMD (May 10, 2007 1:13:38 PM)
nsgim, The deposit deadlines are fixed - no these can't be relaxed.
vish (May 10, 2007 1:13:44 PM)
Janet: Do women stand a better chance of acceptance because I have hard that they want equal sex ratio
nsgim (May 10, 2007 1:14:00 PM)
Are their relaxations possible in first and second installment fees for 15 and 20K? Can people wait to get their status on scholarships first?
JanetShanerIMD (May 10, 2007 1:14:21 PM)
vish, we look for the best candidates male or female. Yes, we like diversity and would like to have more women in the program - but they must be able to perform and be qualified, just like anyone else.
mario (May 10, 2007 1:14:47 PM)
Janet, what's the percentage of fully sponsored students per class, in average?
nick (May 10, 2007 1:15:04 PM)
Anyone has any idea where this year's expedition will be?
RajKappaliIMD (May 10, 2007 1:15:20 PM)
Hi Nick, we are heading to South Africa
Linda Abraham (May 10, 2007 1:15:53 PM)
Thank you again all for participating today. Special thanks to Janet and Raj.
JanetShanerIMD (May 10, 2007 1:15:56 PM)
Mario, this year we have 1 fully sponsored student which is fairly normal. Most people chose to pay themselves or take a leave of absence from their company which gives them some flexibility to pursue other options after graduation.
Linda Abraham (May 10, 2007 1:16:01 PM)
We look forward to seeing you at future chats. Please check the Web site (http://www.accepted.com/chat/schedule.aspx#mba ) for details and exact time.
nsgim (May 10, 2007 1:16:10 PM)
Is it absolutely required to travel to Laussane for interviews? For visa restrictions related to country of work, can there be video or alumni interviews arranged. I know, IMD has a very detailed interview process
JanetShanerIMD (May 10, 2007 1:16:50 PM)
nsgim - yes it is required to travel to Lausanne. Except for our interviews in Shanghai and Singapore 1x per year
JanetShanerIMD (May 10, 2007 1:16:17 PM)
Thanks to all of you, it was a pleasure to meet you.
RajKappaliIMD (May 10, 2007 1:16:26 PM)
Thanks to you too Linda!
RajKappaliIMD (May 10, 2007 1:16:38 PM)
Good luck to u all folks
Linda Abraham (May 10, 2007 1:16:54 PM)
You're welcome. Good luck with your applications!