APPLY FOR MBA IN 2023? 5 Reasons why you SHOULD do a MBA and also why you shouldnt (from INSEAD MBA)
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- เผยแพร่เมื่อ 6 มิ.ย. 2024
- Are you thinking about doing an MBA? After a couple of years into your career as a young professional, it might be a great time to press the reset button and complete your MBA. According to the new Financial Times Global MBA ranking 2020, Harvard Business School offers the best program in the world, followed by Wharton (University of Pennsylvania), Stanford Graduate School of Business (GSB) and INSEAD. From the perspective of an INSEAD MBA, I reflect on my MBA experience and offer reasons why you should and should not do an MBA. I am also discussing why it might make sense to do an MBA as a business undergraduate. If you are thinking about applying for an MBA, watch this video first! It covers key differences among MBA programs and what the return on investment of MBA programs is.
Chapters
00:00 Introduction
00:54 What an MBA is all about
02:23 Justifying the investment in an MBA
06:57 Top 5 reasons to DO an MBA
17:45 Wrap-up
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The sick sports shirt really sold it for me. MBA program here I come!
Indeed you will complete your MBA with lots of branded new sports and polo shirts in the closet ;) Best! Heinrich
It was the accent for me
This is the best video I've watched that helps me decide if I should do the next step and finally enroll in the MBA program. You covered an array of topics, cleared some confusions and have shown the whole picture, including what the future could be like. Great content!
Hi Macy, happy to hear the video is helpful! All the best, Heinrich
Thanks for an excellent video! I have been thinking about getting my MBA for a few years, but now finally started my research. Listen to your 5 reasons for getting the MBA hit it home for me. I have both BS and MS degrees in Engineering and looking to get a career opportunity in business and management.
Hi Heinrich,
Thanks for sharing, totally agree! I will be also starting MBA journey this September! Coincidentally I am now training for a marathon next year, so what you mentioned about your running at the end is very inspiring!
Great stuff! :) Lots of success for you and a great time during your MBA. Yes, running is a great hobby! Best, H
Outstanding video !!! I had some doubts about an MBA, but now, through your video, I know that in a few years I’ll do an MBA
Thank you Nicola!! Great to hear you were able to take something out of it. Best! Heinrich
Not changing all 3 dimensions (geography, industry & function) at the same time 🌟.. your point really got my attention. I've learned so much from this, thanks so much
Thank you, Heinrich, for sharing your thoughts on the MBA. I also had a similar experience when i did my international MBA full time from the USA from Chapman school of business Florida. I think this is one of the best times to learn network and open yourself with people from different cultures, different backgrounds, and industries. I did my MBA after doing my MS in computer engineering from Syracuse University in New York and after doing my first masters I realized that if I have to move into management consulting strategy consulting technology consulting I need to have MBA. It is a gateway to another world whereas you rightly suggested can help you transition sector, geographies and functions. I definitely feel anyone who is looking for fast-paced dynamic environment must consider this MBA for global roles and global opportunities. Thank you again. Take care
Thanks for sharing your story!
Trust this is valuable for other viewers here in the TH-cam community as well.
Personally, I found it highly fascinating to see all the different paths and directions that my class mates took after the program. There for sure is not the one and only way to go, it is everyones responsibility to shape ones journey!
Best, Heinrich
Hello Arihant, I just read your comment and thanks for sharing your experience. I have a MS in computer engineering too and I'm interested in doing an MBA. However I always have the doubt if this degree will penalize me compared to who studied business. So, it's possibile compleate the MBA program without problems, or it's necessary study something before apply its? Thank you again
Great video man, helps a lot. I'm currently in my final year of my engineering degree - and I want to into business. Accumulating two years of work experience is not ideal so I am currently targeting the Masters in Management program that INSEAD offers. While its not an MBA, its the next best option for people without any experience yet and I hope I can get in.
Great insights, thank you! Currently considering doing an MBA, this is absolutely helpful.
Thanks! Best, Heinrich
Thank you for this amazing breakdown of the pros and cons of pursuing an MBA. I’ve been going back and forth about whether to do it for at least 5 years now. But this video has boosted my determination to start preparing seriously for an MBA. After more than 8 years, I quit my job in international development, which is a sector I’m growing increasingly disillusioned with. Between the constant field travel and long working hours at headquarters, I never had time to study for the GMAT. So I never sat for the exam. Now that I’m unemployed, I can focus on studying, while looking for a less stressful job. My main motivation for pursuing an MBA is the opportunity to reboot my career. I no longer want to limit myself to the international development/aid sector and I’m trying to develop expertise in Latin America.
Hi Rudy, thank you for your detailed comment and sharing your personal situation. Yes, I do believe that an MBA can work well to reorient oneself and use it as a platform to transition careers. Wishing you lots of success for your goals for the next year!! Best, Heinrich
@@FirmLearning Thank you! I have a question for you. I’m turning 35 next July and will probably be 36 by the time I start my MBA (if I get into one of my top choice schools). Do you think I can get into INSEAD at that age?
@@rudyhowie a bit on the older side but should still be fine yes!
Heading to INSEAD Singy this August, and trying to break into Consulting thereafter. Your channel fits my exact need. Bravo, you channel deserves more views. Subscribed and liked.
Hi, great to hear that you will start at INSEAD in August, trust you will have an amazing experience!! :) Very much miss the city and the whole atmosphere on campus. Thanks for subscribing, I am already working on several new pieces of content that I hope will be valuabe to you. All the best! Heinrich
I'm from Singapore and I've been following your channel for a while now, really cool to hear you've spent some time in this country too!
Your content has always been really insightful to me as an undergraduate navigating what I want to do in my future career, encouraging me to take my first steps in investing. It feels like you've been my mentor from a distant land, thanks so much for all your heartfelt sharing (:
Hi, thanks for your kind comment, appreciate it! Indeed had a great time in Singapore, learned a lot over there! Happy to hear the videos are helpful. Much appreciated! Best, Heinrich
Sounds like I should apply for an MBA soon;) Thank you for these insights, Henry!
Glad I could inspire you! :) Best, Heinrich
Hello Heinrich, thanks for sharing your views on the MBA program! Has really helped me understand how I would need to tackle the next step in my career.
Running a marathon, respect sir!!!
Thanks man, just need to put in the hours of training! Best, Heinrich
Thank you for sharing all your thoughts and a breakdown. I am on the path of getting an MBA and changing career paths in the US. I didn't do the best in my first semester of my bachelor's degree, and it messed my gpa for the rest. I'm looking into doing quite a bit of pre-MBA type courses and learning and then studying for the GMAT to get a higher score. I am excited and worried about the process, but I really appreciate your video and it has helped quite a bit in terms of bringing the determination forward.
Glad to hear you liked the video, appreciate it! All the best to you on your MBA journey! Best, Heinrich
Thank you. I plan to study MBA even though right now I don't have many experiences to contribute to all my expected schools. Anyway watching your videos inspires me a lot. Please keep posted. They are so useful :)
I am glad that you find the channel so useful! Best of luck for your applications! :)
I am a Sr. Software Engr. at the moment and planning on taking a Master's degree. This video provided me an insight on taking an MBA. Thank you!
Got inspired to do an MBA from this video. Just got accepted into INSEAD 22D. Thanks for all your videos!
Hi Ryan, super happy to hear that the video inspired you. Welcome to the INSEAD family - hope you will have an amazing year! Best, Heinrich
Great content. I just moved from Singapore to UK, to start my MBA this year. It gave me some anxieties with no salary going into my bank account as usual, also current teaching only delivered online rather than in person for the first month. However i believe things will get better and this is the right choice for my career. Thanks for the reminder that MBA would brings lots of benefits.
Thank you Liu, lots of success to you on your MBA journey! Best, Heinrich
Your channel deserves more attention. Your knowledge and way of presentation is splendid.
Thank you Adel, very happy to hear you find it helpful! Best, Heinrich
Seems like you had fun and gained a lot! I’m keen to do consulting and think I would have to do an MBA to get into it, because joining at pre-MBA level would mean more hours and less pay compared to my current job.
Hi Alistair, it for sure was a good time! If you join consulting / MBB with some years of work experience you should be able to join as experienced hire, depending on your profile also on a post-MBA equivalent role! Doing an MBA can be a good idea as well though :) (though try to do it post-Cov** as the on-campus experience will for sure be better than the remote things that many programs currently do). Best! Heinrich
Thank you for the valuable input!
Sure thing! :)
One of your best videos. Brilliant.
Hi Conor, super happy to hear that, thank you for watching!! Best, Heinrich
Excellent video! Very helpful. Thank you!
Thank you Andreia, great to hear that!! :) Best, Heinrich
I had a considerations similar to what you describe. The result was I decided to embark on an MBA, which is part online and part on campus, enabling me to work full-time simultaneously. This eases some of the financial strain, but at the cost of time (and pressure). That being said, I would personally only recommend this route if you are doing an MBA at a top global ranking school as mentioned by Heinrich.
Hi Martin, thank you for sharing your journey and experiences! Yes, agree that under the right conditions, a part-time program can make sense as well. Lots of success to you going forward! Best, Heinrich
Hi! Would you say that colleges in Europe like ESCP, ESADE that rank under top 30 globally worth it?
Great point about the "Joker Card" that I didn't really consider. I'm working in quite a specialized industry but I don't want to limit my future opportunities in other fields. An MBA seems even more appealing now!
Glad that you found this helpful! Thanks for watching! :)
You are my inspiration! Planning for an MBA to have a career transition from Civil Engineering to Product Management or Consulting in India. Thanks for the motivation!
Super kind of you, thank you. Wishing you all the best for your MBA and career transition! Best, Heinrich
Have you done it?
Hi Heinrich, great video and content as always! Also, I believe another reason for doing an MBA is that most companies and their investors mandate MBA as a requirement for CXO level positions..
Would love to hear more about your experience on the intensity of the MBA program compared to your journey in McKinsey
Regards,
Aravind
Hi Arav, thanks for your comment! Yes, there will be significant regional differences though. E.g., in Germany, the MBA is not that important, this might of course be different in other regions. Regarding intensity, an MBA program is a nice vacation compared to working at MBB ;) Best! Heinrich
excellent video. thanks for making it !
Thank YOU for watching, appreciate it :) Best! Heinrich
Many thanks for the interesting insights and reflections you share in this and all the other videos. Strongly appreciate your work.
I'm currently working in consulting and thus I'm used to heavy workloads. I cannot imagine continuing this workload throughout my life, especially not when family comes into consideration. Even though I value all the benefits of an MBA, I recently got doubts whether I'm ambitious enough to pursue a program. From your perspective, do post-MBA jobs reconcile with a demand for less intensive workloads at all?
Hi, thanks for your comment and interesting question! Of course, many post MBA roles with the corresponding salaries will require a level of commitment and workload that is above the average of what you might expect. Though I have many friends that started in industry, tech companies etc. While the workload will not be low in these jobs, it is easily much less from what you might know from MBB consulting! :) Best! Heinrich
Thank you for the insightful video. I am currently in early 30s with over 10 years of experience & feeling stuck/stagnant & thinking about what's next.
I understand that MBA grads usually go into 3 main areas - Consulting, Financial Services/IB & Tech. I believe the work life balance isn't great in consulting & financial services/IB, MBA grads used to flock here but now are gearing more towards tech (more within the product management area) due to better work life balance & good compensation.
- What do you think about doing MBA if one doesn't want to get into Consulting or Financial Services?
- What are some of the other doors MBA opens beside that has good work life balance & pays well?
- How valuable is doing an MBA to get into tech (product management or otherwise)?
- What do you think about the different MBA formats: full time vs executive vs part time vs online?
- What do you think about MBA vs MS Computer Science?
Your videos are super helpful, I learn alot from the even with +1.5 years of experience in consulting. Can you make a video on how to make a business case?
Thanks for watching, appreciate it! Also thanks for your video idea, might pick that up in a future video! Best, Heinrich
Very insightful and helpful video. Thank you for the time and effort invested in it.
I come from an electrical engineering background and I plan on doing an MBA in the next few years, after acquiring considerable work experience. Do you think that different European MBAs offer different levels of opportunity in regards to a post-MBA career in the energy sector? Where would LBS or INSEAD stand in that spectrum of post-MBA potential in the energy sector?
I believe high ranking MBA's could be readjusted for cost of tuition. Harvard and Stanford will always be up there and deservedly so, but I guarantee there are plenty of fantastic programs at a much lower cost! Gone are the days of selecting programs based on reputation alone. Networking has never been easier. Great video!
Thank you so much for sharing. I am so glad that you enjoyed the video! :)
Maybe it’s because of your accent, the speed at which you speak is perfect to understand for me as a non-native speaker, also the content is well structured and easy to follow. I’m curious about your view on part-time MBA/EMBA, how would the factors you mentioned change?
Hi Fei, thanks for your comment, great to hear the video is well paced for you! In EMBAs, most people who do these programs are sponsored by employers and they also often have a weekend model where they only spend time on campus on selected weekends. In these settings, probably more difficult to form these lasting bonds, but of course depends on the program details. Best, Heinrich
Thank you for creating this video.
I am wondering If I can get your thoughts on this:
- I have been working for over 10 years and have been feeling stuck in my career.
- During coffee chats, I was suggested to consider MBA or MS Computer Science (I don't have an undergrad in CS but saw there are some bridging programs out there for those who don't).
Wondering what do you think about MBA vs MS Computer Science
- I think MS if usually for those who usually have around 2 years of work experience but may not be appropriate for those with more work experience.
- I think with MS CS one tends to become a software developer writing code. Pays well but just writing code.
- With MBA people usually tend to go into 3 buckets (consulting, IB/financial services & tech).
- My perception is that the work life balance of consulting/financial services isn't great and also getting there in mid 30s is tough but tech (product management seems to be the most popular role in tech post MBA, though the current tech economy isn't great with layoffs) seems more open with better work life balance.
Would love to get your thoughts.
nice video, thanks for motivation!
You're so welcome! :)
Thank you for your great video(s)! What's your opinion about Executive MBA (I'm targeting the one offered by HEC) for a career switch? I'm a senior manager in the public sector and I reached the ceiling of my career path at 46. Much younger compared to my peers but age is a factor to plan a shift in the private sector. Thank you again for sharing your knowledge and experiences.
Hi, yes, in general I do think that an EMBA might be an option to transition careers, though it is less established than the regular MBA. Just be realistic what the EMBA can do for you - it might help but this alone will not make it right for you - you need to very actively network and leverage all the opportunities that the MBA provides to you to really make this work. Lots of success to you!! Heinrich
Thank you for the great content, loved it! What do you think CFA designation? Is it beneficial if one wants to work in finance or asset management related roles? Is it strong?
Hi Shubham, yes I do think that CFA is very well respected! Though I am not the biggest expert on the Finance career track therefore suggest you talk to some people already in the career for some years! Best, Heinrich
Great video, helped me a lot!! I'm thinking about doing an MBA as well but I don't really have much administration experience and I'm not sure if freelancing for a few years actually counts. Would you recommend me to still do the mba or maybe get some more experience instead?
Hi Rob, this will depend on your goals. In general, freelance experience can count as well. MBA might help if you want to transition from being a freelancer into a corporate role. Lots of success to you!! Heinrich
Hello Heinrich,
appreciate your content - thanks for sharing your thoughts!
I am currently planning an academic leave from consulting. Usually the alternatives are: pursuing a MBA or a PhD.
So what are your thoughts on the PhD Option? It takes even more time to complete (at least 3 years), but it is cheaper and you may build an even bigger professional network.
From a content point of view, you are allowed to focus deeply on a special field / topic, which might help you to become an export in this area and later „sell“ the expertise to clients. Also the title might be beneficial. What are your thoughts? Can you say something about (former) colleagues from you and their experiences? Thank you.
Greets
Robin
Hi Robin,
Yes, good question. Personally I decided to do both, after the MBA I started a PhD in Germany. As I went back to work shortly after, I worked on it in parallel to my regular job and hope to be able to complete it soon.
Regarding learnings / networking / overall experience, I believe that the MBA will be the better choice for most people. Of course, this depends on the individual programs you are looking at. Also, if you complete your PhD in a highly technical, sought after field (e.g., self-driving cars, ANN..) this would be a plus. Of course, the PhD is the way to go if you plan to stay in academia.
Regarding the external reputation in Germany, the MBA still only plays a minor role while PhD is considered much more important (though my impression is that this is declining). From my German colleagues, ~80% chose to do a PhD in their leave, while internationally the vast majority of consultants in leave do an MBA. However, this is also due to the different university systems in e.g., USA and Germany. In USA, regular Master programs as we know them in Germany do barely exist, most people directly work after their undergraduate degree.
All in all hard to give a definitive answer, there are pros and cons for both options.
Best, Heinrich
Fantastic video, I loved it! Any advice on trying to get into a MBA program at a high-ranking university? What type of work experience or CV would I need to get in?
Hi Harrison, for MBA, highlight the leadership experience that you gained in your job. Most MBA programs are looking for future leaders - show them that this is what you can do! :) Best, Heinrich
Very useful and insightful thanks for that.
One question on exec MBA at Insead, when doing all those activities with peers, the travelling, the projects, etc, did you have also colleagues doing exec mbas or there s a net separation since those people work hence do not have the time that you guys had?
Great video Heinrich, this was really helpful. I have a question. If you do an mba after mbb consulting and then go back to work for consulting due to your sponsorship clause then how exactly can you use your mba as a “joker card” to transition into another industry or function?
Hi Hashaam, yes, if you are going in with a sponsor and are obliged to return, then of course not easy to change careers via the MBA, sometimes, you can negotiate with the new employer that he will cover (parts of) the cost of you "breaching" the sponsorship agreement (usually you are then forced to pay a certain sum to your old employer), though would not necessarily count on that when going in. Best! H
Your channel Is so positive))
Thank you appreciate it! Best, Heinrich
Your views on the value and recognition of online MBA, especially for experienced mid level professionals who are planning to move into consulting companies like McKinsey, BCG etc.
Hi Amey, while I trust you can learn a lot in an online MBA, I do think that unfortunately many companies will see it as less valuable compared to a "real" MBA. Lots of success to you!! Best, H
Inspired review and advice
Thanks, appreciate the comment!
Great content.. keep it up..
Thanks for watching. Great to hear the video is helpful :) Best, Heinrich
Great informative video 👍
Thanks for watching! Glad it was helpful!
Tnx for the good helpful video! Just started to subscribe your channel
Glad that you found it helpful! Thanks for the support!
Hi Heinrich, thank you for a very thorough video on the topic. I spent the last 10 years building a successful business in Korea, employing over a dozen staff in three locations. With the Covid situation, my business literally collapsed overnight. Despite my setbacks, I take away valuable experiences in business and life. I feel currently stuck, and feel an MBA might be worth pursuing to galvanize my knowledge. However, my particular challenges are the cost, geography, and logistics of doing an MBA. My best option is an online course. If one is considering what factors have to be taken into consideration, and if you had to do an online version which course would you have done? Cheers in Advance
Hi! Thanks for your comment! Online MBAs can be great regarding learning, but will likely lack regarding networking and reputation. Recently did a video together with the St. Gallen MBA, maybe this is an option? Best! Heinrich
no worry mate, i am in your shoe as well, business collapsed overnight and now rebooting my career path...now taking online with physical classes(optional) MBA which tied with CMI,UK - level 7 chartered manager qualification.
Hello! I just watched your video, and it's great information! A friend recently suggested to me that I go for an MBA because I have great energy and people skills. However, I know nothing about business (I am currently in Israel for a degree in ecology), and my main goals would be to learn more people skills, maybe travel, and learn how money moves in this world. Do you think it would be suitable for me, and if it would be possible without prior business-related experience? Any advice would be much appreciated!
Heinrich,
I've been evaluating online MBA programs (no GMAT) to traditional brick-and-mortar MBA schools (700+ GMAT). What do you think is the extent of the differences between these choices? Thanks in advance, recently found and enjoyed your content after googling for GMAT prep.
Thank you, appreciate it! Regarding your learnings on the content, I can imagine the online MBA to come close to the actual MBA (if it is well delivered, with virtual student groups etc). However, regarding the recruiting value of an MBA I do believe that this is still highly tied to the reputation of the program. And unfortunately, from everything I hear and see, the recruiting reputation of online MBAs is still not good. Lots of success to you! Best, Heinrich
Hello Henrich,
Its been only 2 days I started viewing your videos on consultancy after a recent Google search. I love the valuable content which you put on Consultancy.
I'm pursuing Chartered Accountancy Course as of now. Will it be required for me to pursue an MBA degree to enlisted in MBB Firms??
Thanks in advance!!
What are your opinions on pursuing MBA vs a more "specialized" degree like MFin? I've been hearing mixed opinions, some say MBA will help with career progression while MFin is a junior degree, while others say the things you study in MBA might not necessarily be used in real life while MFin can at least teach you more practical matters.
I'm in managerial accounting. I would like to stay in managerial accounting but take on some more finance-related tasks at work (such as capital structure, long-term investments, liquidity etc).
Hi, in most MBA programs there is a Finance track that you can choose and then get lots of finance lectures. Believe in general an MBA is more widely respected (assuming it is from a target school) than an MFin, especially if maybe in the future you want to move in a GM position. Best! H
@@FirmLearning I'm actually debating between an MFin from a fairly recognized school vs MBA from an okay school... would it be more worth it go for a less widely respected school for MFin at a more recognized school?
The reason why I haven't considered MBA at that recognized school is because that program takes a really long time (2.5 years) to complete. Though recently I've been thinking if it would be worth it to consider applying........
Hi Heinrich, thank you for the videos! I was wondering if you have any insight as to why fresh grads (e.g. less than 2 yr experience) should and shouldn't pursue an mba
Hi, thank you for your comment! Usually you will not be able to do an MBA with less than 2 years work experience. 2 years are the bare minimum for most programs and also only OK for people in accelerated career tracks (mostly considered consulting and banking). The usually recommended amount of work experience is 4 years. Best! Heinrich
Your videos are a life saviour to me. I'm currently working in a Human Resource Consulting company in Indonesia. I'm currently comparing rather to take an MBA or MHRM instead. I have huge interest in business but also have passion in people. Do you happen to have any insight towards other master degree that can enhance knowledge in people management and business?
Thanks a lot Heinrich, wish you well.
Hi Reza, happy to hear that thanks! Would in general prefer an international MBA program instead of a specialized HR Master. This will be higher regarded for most cases, probably also for HR positions. Best! Heinrich
Great video as always! Would you recommend doing a masters, or is a candidate enough for the big 4?
Hi Yoni, thanks for your comment! What exactly do you mean with "candidate"? Whether Master is important or not will significantly differ by region! Best, Heinrich
@@FirmLearning Sorry, meant a bachelor’s degree. I will study in Sweden, but I’d like to move to the UAE after a few years. Thanks for the reply!
Thanks for sharing Heinrich! I currently work as financial controller in Berlin and i used work in France with almost the same position for 4 years, I think that I encounter a bottle neck but i don't want to invest too much to a full time mba, would you please give me an advise on choosing a part time MBA among WHU and Mannheim business school if I would like to make a transition. Thanks in advance!
Hi Chao, yes, WHU and Mannheim are both strong programs in Germany, probably WHU a little bit stronger than Mannheim. Though on an international level, both programs are not really renowned (none of the German programs are), so depending on your goals it might make sense to look into other options as well. E.g., in Europe, LBS and INSEAD are strong programs that also only take 1 year to complete. Best, Heinrich
Hello Heinrich,Your videos are very inspiring to do MBA. Since I am doing BBA in IB (BBM) ,is it worthwhile doing it and then coming into MBA in IB from a foreign business school.
Hi, yes I think it is absolutely possible to do a MBA if you already have a Business undergrad. This was my background as well. Best! Heinrich
Good work!
Hi Heinrich,
Thanks for sharing. Reading business school requirements. Everywhere the average age is 30, sometimes 34. Do you think you should go to an MBA at 37 yo? Even more interested in whether there is a chance of getting into a business school at this age? I don't qualify for the executive program, no management experience.
How do exec MBA's compare to full time courses? Great video btw
Great video! I am an doctor ,with 10 years working experience. I am considering getting an MBA .I would like to get your view on whether an EMBA or MBA would be a better option for considering my work experience.
Hi Avela, thanks for your comment. The answer also depends a bit on your overall age. If you are
Thanks Heinrich that is sound advice!
Hi! Thanks a lot for the video!
I have a question : Is it possible to change geography, industry, function let's say 3 or 5 years after I have completed the MBA or is it just that I can change them strictly after completing MBA?
Hi Tae Hong, while there are for sure ways to make this happen later in your career as well, the momentum is biggest directly after the MBA. Many firms have distinct career tracks / roles for people joining fresh out of an MBA etc. best! Heinrich
Hello Henry ! Great content my friend , I am currently doing my undergraduate 3 years degree in Business and later I aspire to get into INSEAD for MBA and into consulting thereafter, Which specialization should I pick up during my undergraduate and also later on during MBA at INSEAD (HR , FINANCE , OPERATIONS , MARKETING) ? I know for consulting , the specialization does not matter but I'm really confused with my specialization interest , which specialization helps a consultant out in practical life and helps him/her to go to next level ? Thank you !
Hi, regarding specialization I would likely choose a quantitative one to improve your quant skills (e.g., Finance). I also believe that Accounting is highly relevant. Its importance is completely underestimated by many business graduates imo. Accounting considerations play an important role all the time in management, up to the C-level (also made a video on that on my channel). Lots of success to you man! Best, Heinrich
@@FirmLearning it's amazing you replied ! Thanks Henry ! Could you please tell me , that after doing my undergraduate (3 years) in business , can I apply to INSEAD for MBA right away ? And if not, then what should I do , which path should I take that will give me a clear shot at getting into INSEAD in the future ?
Sincere, Arya
@@aaryayadav1646 Hi Arya, no you will be required to work between your MBA and undergrad. MBAs in general are post-experience degrees. Regarding what people work in the individual MBA programs, google "class staticstic INSEAD" or "class profile INSEAD" and most schools provide stats on the background of their last class. Best, H
@@FirmLearning thanks for replying so far Henry! It's really helpful, just few last questions before you get caught up in your busy schedule haha,
1.Does me working at a consulting firm after graduating , help me in my application for INSEAD and CV for Job later on?
2.I do not belong to a top tier undergraduate university, what should I do to stand out while applying to INSEAD?
3. Will working in foreign country , after my graduation , help me to widen my chances to get into INSEAD?
4. Do I have to have foreign internships to increase my chances at INSEAD or it does not make any difference?
5. Does entrepreneurship counts in work experience for INSEAD?
6. Will INSEAD consider 1-2 year work experience?
7. Does consulting job at Mckinsey or (MBB) pay you enough for a glamorous life?
8. Does recruitment vary at different INSEAD campuses?
9. If I go to INSEAD Dubai , will there be more chances of me getting recruited and placed in Dubai itself ?
10. Is it up to us which country we want to work in , if we get a job at any of the MBBs?
I know this a whole list of questions but it would be a great great help if you answer them , take your time , no hurry haha , Thank you a lot mate :)
Sincere , Arya
I have not watched your entire video but in the US you can do "executive" or weekend/part time programs where you can still work . And some companies will even contribute to tuition.
Hi, thanks for your comment! Yes, this exists in Europe / Asia as well (indeed often labeled as "EMBA"). Best! Heinrich
@@FirmLearning Thank you. I currently work in IT/Cybersecurity and want to move from Engineering to Management. I was not the best undergrad student (a long time ago) and have been debating for a while to do this.? Is it worth it in later stages of life ?
Hey Heinrich
First of let me tell you that your content it’s been of tremendous help , thank you for the time and effort that you put in really appreciated .
I have a question for you . As far as I concerned MBA from a highly ranking business school is one of the last pieces in a complete , well structured CV which help you move up the ladder , but what about certificates and MSc .
I am doing my internship on PWC currently . My plan is to get into consulting .
What’s your opinion on the subject ?
From my research CFA, FRM are very good assets,how a MSc in Finance (Lse,ucl,lbs etc) can compare to these certificates ?
Which is better to pursue? not only from better jobs point of view (networking) but in regards to the amount of knowledge that each one’s delivers in finance department.
I really hope to see this .
Thank you for your content .
Hi, thanks for your comment! Certificates like CFA and FRM (even more niche) are very much tailored to a specific industry. E.g. to get the CFA you need to have a certain numer of years of work experience (believe 4 years) in a qualifying field to get that degree. Compared to that, an MBA or MSc Finance are much more broadly applicable. Therefore first ask yourself what your career goals are for the next years and if in doubt rather go for the broader qualifications :) Best! Heinrich
@@FirmLearning thank you for your response .
Keep up the good work , we really appreciated it .
You sound like The TERMINATOR of MBA. Thanks😉
Thanks for watching :)
Great video, bro.
I have a degree in English literature and a masters in screenwriting, but more importantly, I lived and worked in China for a year, am currently in South Korea, and am planning to move to Japan after South Korea, and potentially back to China after Japan, but I might not go to Japan, because I love China and want to live and work there and learn improve my Mandarin. I would like to work in Asia, preferably China.
I've been thinking about doing an MBA online or in the USA. (I am British.) Do you have any recommendations?
Do you think an MBA would suit me? I'm not entirely sure which industry I want to work in, but I'm thinking entertainment. My dad is a businessman in the tech world, so I'm also thinking about that. I'm also thinking about opening an ESL school or getting a management position in an ESL school.
What a useless educational background
Hmm, I want to do an MBA, but I'm still considering the benefits. I have worked in Cloud Consulting (Salesforce) for nearly 4 years and have been out of university since 2012. I have been promoted 'technically' from upskilling and job hopping over these 4 Years. In my line of work, the knowledge of the platform, work experience and soft skills are most important. The supply of qualified people in this space is quite low, so there's few barriers to upward mobility. I feel if I was in a traditional business job, an MBA would be highly beneficial. The only reason I want an MBA now is so I don't have to get one when I'm married in the future. Any benefits for an MBA for people like me?
Hi Alex, to further progress in your current role it does not sound like you need an MBA. Though if you would like to change company / industry / function in the future, an MBA could be a great way to open doors for you! Best, Heinrich
For example, if I meet all the requirements for the Harvard MBA but graduate from an unrecognized school,will I be accepted?Also this video so helpful. Best, Heinrich!!
Hi, yes it is possible to get into Harvard with an undergrad from less renowned university, if you have enough other impressive things to offer (e.g., very high GMAT will be helpful). Lots of success! Best, H
@@FirmLearning thanks for answering
Unless you go to a top 10 MBA program, it's much better, like 100x better to get a JD and become an attorney. Attorney's don't need to have a boss. You work for yourself without anyone telling you that you have to be at work at such-and-such a time. You set your own schedule. With an MBA, you will always have a boss unless you own the company. In order to make more money, you have to have people under you. As an attorney, you make great money without anyone working for you. You are the king/queen.
Relevant if I’m building an M&A Company that is performing Leveraged Buyouts? What mayor would you recommend? Entrepreneurship/International Business/Management/Banking and Financing? Raising Capital is important for me.
Hi Jonas, my experience is that external (employers etc.) do not care so much about what majors you took. Therefore decide based on your learning needs and interests. If you are building a M&A company, maybe advanced Finance courses will be a great choice for you? Or you are already so proficient in Finance that you rather want to look into entrepreneurship courses to learn more about this side as well? Will very much depend on your starting point and interests. Best, Heinrich
How would you compare INSEADs Executive Education Program? Which is a much shorter duration do you wouldnt have the salary loss. Also easier for the employer to justify the investment.
Hello! Thank you for the great content. Do you know whether chances of being admitted are higher for Round 1 than Round 2? Round 1 deadlines are tight for me. I am not sure whether there is an added benefit to push myself to finalise my applications in Round 1.
Hi Arzu, thanks for watching! The general rule of thumb is, that the later you apply the more difficult it gets for you. However, between the first 2 rounds I would assume the differences to be rather small. Therefore if you need more time to put together the strongest application possible, I would likely go for round 2. Best, Heinrich
Hi Heinrich. Thank you for the helpful and insightful content.
I would like to know your thoughts on the Online MBA concept.
Do you want think the maximum benefits and the comprehensive experience of an on campus MBA program can be still achieved? Now that all the teaching and learning has shifted to online platforms and most international borders in Europe are closed.
Best from Sunny Zambia
Hi Karim, thanks for the question. Indeed, I do think that an essential part of the MBA experience is missing at the moment, giving that most campuses are closed. If possible, it might make sense to postpone the MBA for some time until the universities are all back to normal. Best! Heinrich
to share experince, i am currently doing my mba in hybrid way as less physical classes due to pandemic. but havent said tht many rubbish mba being offer by institution. so be wary those online mba. the best part of mba modules is where it offered 3 segmentation graded work ...1. individual coursework. 2. group coursework 3. final exam. ..
some uni jz hv individual coursework with min credit hrs ...tht is i would said scam mba. and the best is check if your mba being recognised by any profesional mba body such as AACSB, IACBE, EQUIS or just CMI, UK which their Level 7 equal to MBA level.
how does one evaluate the accreditations of a school? I'm looking at many schools (in the EU) but it's hard for me to know if a given accreditation(s) is actually worth the money.
The last thing I want is a diploma mill degree that's worthless.
What’s the benefits of doing MBA after B. Pharma - Currently working in pharma sector as a sales executive- What will be the scope and positions ?????
Hello, I read your response to someone who asked if getting an MBA is the right path towards starting a business...If an MBA isn't a right path towards gaining the knowledge and softskills for starting a business, then what is?
Hi Emmanuel, from my perspective, the MBA is best suited to prepare you for a career in corporate (or consulting / banking). You will learn lots of relevant courses there, including soft skills (negotiation skills etc.). Many MBAs also offer courses specifically focused on entrepreneurship (how to identify new business models, entrepreneurial finance etc.). Here other people might have a different opinion, but I am sceptical whether courses like that really prepare you well for entrepreneurship. Though for sure you will take away insights which might be helpful in one way or another. Best, Heinrich
Insead or London Business School? I am a North American, and am considering Insead/LBS since it is slightly easier to get into than some of the M7s
Hi, personally I found INSEAD more appealing due to the international experience in Asia etc. If you are looking to get into Finance in London, LBS might be better suited. Best, Heinrich
Thank you for great tips, Heinrich!
Throughout 8 years of my career I have held middle level leadership roles with NGOs to advance healthcare and police reforms in Ukraine.
Do you think MBA may be a feasible option for career shift? Or would changing all three dimensions be too big of a stretch?
Hi Stanislav, thanks for your comment! Yes, I do think that a good MBA can help you to make this career shift happen. Changing all 3 dimensions at once is a stretch for sure, but if this is really what you want to do, I would go for it :) Best! Heinrich
I think about doing a MBA to use as a joker card, I work at Mckinsey in a non-consulting position and I am feeling stuck here, I want to move function (consulting position) and move geography (Singapore), I do not feel happy working in Brazil with such a low purchasing power.
Do you think by doing an MBA would be feasible to do this double jump?
Thanks, Heinrich,
I am planning to take one from Indonesia (University of Indonesia) and trying to save money now.
What do you think about other major such as Technology Industry or Magister Management? Is it worth? Why is MBA more expensive compared to other major?
Hi Fadira, an MBA is just a different type of degree, as it is "post-experience" (i.e. most people will already have worked for 4 years or so). Therefore in my opinion not really comparable to pre-experience Master programs. Best, Heinrich
@@FirmLearning thanks, Heinrich… really appreciate for your reply 👌🏼👌🏼👌🏼
i am hearing your speech i wants to joint MBA, your motivations speech so Nice ...
Great to hear!
Hi Henry, I’m doing my Masters in Management and Technology at the LMU in Munich. What are my chances of getting into MBB? How much impact does would it have considering I don’t speak fluent German!?
I am currently a working student at one of the big4.
Hi Usama, unfortunately all larger consulting firms I am aware of require you to speak business-level German (at least for their client-facing roles). This should be similar in most other European countries as well regarding their local language. Best, Heinrich
Heinrich, would you recommend it I dont have a Business degree. In fact, the opposite, I have a Literature degree and been working in Ecommerce and marketing for 8 years.
Hi Nicolas, just judging from the degree, yes I would recommend to do that. Actually an MBA will be even more valuable without undergrad Business degree, as for Business majors it will always be a bit of repetition. Best! H
Firm Learning Great! I will keep on researching.
Is your tuition applied to those international trips, or do you pay for this separately?
You usually need to pay out of pocket / on top of tuition for any social activities you are pursuing. Definitely worth to budget for this as well before starting an MBA, as this is an integral part of the experience
Hi Heinrich, good and informational video, but reflected strongly from the side of MBB paid applicant. Taking into considerations the fees, the opportunity costs, the inflation of MBAs and the fact that a lot of courses are now offered online with a certificate from same schools. For a normal MBA applicant who has the bare the cost by himself it's a big loose business. Also in the mass media the MBAs are hardly criticized for e.g. from Elon Musk. The negative trend in the perception has also to be considered for the future applicants. All in all , in case your company pays for it, you right its almost a no brainer and welcome change, in case you have to bear the cost by yourself it makes less sense. Otherwise you sitting in class with a lot of paid MBBs attendees worrying how to pay back the credit.
Hi, thanks for your comment. Can very much see where you are coming from and yes, there is some truth to that. I have seen lots of non-sponsored peers who made back their investment afterwards via an accelerated career (e.g., jump from Big 4 to MBB consulting), though this for sure did not work out for everyone. Definitely correct to critically ask yourself whether it will be worth it. Best! Heinrich
If you can choose one: ESTM or Frankfurt School of f&m ?
ESMT only for MBA, for Bachelor or Master choose Frankfurt School! Best, H
I am a school teacher. In what ways insead MBA can help me? I want to transit from teaching to consulting. Should i go for MBA?
How about if your are 32 by the time of starting the MBA, would you still apply? Did you have many classmates that were 30+?
Hi Jaime, yes, 32 is for sure not too old for an MBA! At INSEAD, the average of people was around 30. US programs are often slightly younger on average, but trust 32 will still be OK. Best! Heinrich
How about for MBA HR Management ? currently I am working as assistant customer support manager at a telecom company from Asia. I just want to change my career as HR but still not know what should I do. I am 28 years old and it is good to change or not? Kindly suggest ..
what about executive MBA? Is it feasible to work and study at the same time?
if i have master in general management, do you think MBA is still adding value to do ?
Hi Jan, depends on your goals for the MBA / why you are doing it. In terms of contents, you will learn new things but there will also be some repetition (especially if your Bachelor is in Business as well). Therefore I do think that the value is higher for non-Business graduates, but I still took a lot away from it (indeed discussed many of the things in the video).. Hope this helps. Best! Heinrich
Hi! Would you say that colleges in Europe like ESCP, ESADE and IMD that rank under top 30 globally worth it?
Would you recommend an MBA if someone wants to start a startup?
Hi Philipp, of course depends on the individual circumstances, but in general I do not think that the MBA is the right way to go to prepare for launching a startup. In my humble opinion, even though MBAs often have lots of courses on entrepreneurship, there is no better way to learn it than actually doing it. However, if you are still looking for a founding team, your MBA classmates might be great for that! In addition, during an MBA you will also for sure learn lots of relevant information that will help you, I just don’t think it is the best route you can take for starting a business. Best! Heinrich
Hi, what’s your (or other viewers) take on part time mba Programm? Best