Hi, can you please tell in context of canadian investment banks and private equity firms, about their compensation and which universities to target to break into finance roles in canada ????🤔🤔🤔
The Canadian investment banking industry is quite small compared to the US. Other than the bulge bracket banks, the IB industry in Canada is dominated by domestic banks: BMO, CIBC, National Bank, RBC, Scotiabank, TD. Much of the recruiting happens at the undergrad level. Location wise, the action happens in Toronto. So any bschool that can get you closer to the action will be good.
I am interested in pursuing full time one year MBA from some renowned B schools. To give you my brief background, I have a total of close to 13 years of work experience and additional 2 years of Mtech from IIT Madras. I have a diverse industry experience to name a few EPC(Engineering, procurement and construction), oil and gas service provider, Tech education, Agriculture equipment manufacturer and currently working for one of the IT service industry as a Data Scientist. I have always been an individual contributor throughout my career till now. I have gone through one of your article on MBA at different stages of life and was really insightful where you mentioned about pursuing executive education for a profile that is similar to me, however I request you to help me understand about pros and cons about MBA at this stage of life specifically executive course(1year) but full time. It will be really helpful if we can have a discussion.
It does get trickier to get an MBA after 30. The odds of making a complete career transition goes down, since most employers will reward the pre-MBA experience more. If you've never led a team before, the question that can come up is: How did the MBA help in building leadership skills. Here's more on the topic: www.mbacrystalball.com/blog/2012/11/13/mba-age-over-30-too-old-for-bschool/
@@MBACrystalBall Thank you for your kind reply. He has completed his BBA and preparing for CMA. Once he clears CMA, will join any reputed firm to get experience
That sounds like a good approach. It's always beneficial to get some solid experience first, instead of being impatient and applying immediately like many students do. Seems like he has found a good mentor in his dad who scouts the internet, filters out the noise and then gives him helpful & relevant advice. More power to you for doing that.
Are there any international MBA related topics for which you'd like to see more coverage? Anything that's high on your list of priorities but not talked about on other channels?
Does having professional finance certifications like CFA/FRM helps in getting into a top B-schools in US? And what are the criterias for getting a scholarship in one, being from India?
Are all Phd degrees stem designated or is there a different system altogether for it? Plus, are academic careers in the US paid well in comparison to MBA in the US?
1. No, all PhD degrees are not STEM designated. Consider for example, a doctorate in a fine arts topic. This wouldn't be remotely connected to STEM. 2. Academic careers in the US can pay well...but only at the top. For the rest, it's the same story as with regular jobs - with competition and brand playing a big role in the competition. In comparison, MBA grads on an average would do better since there are more high-paying MBA jobs on offer than high-paying academic jobs.
I think TH-cam has limited knowledge of how to start and run business. You can also start one playlist how too build startup series . You make videos about how to use practical knowledge finance marketing sales etc. And build own startup.
I am a 30 yr old female with almost 3yrs of experience in two different fields.From Nov 2020-2022,I was a government banker and recently I have transitioned into IT industry working as assistant trainer in an edtech startup.After graduation in 2016,I was preparing for upsc and when it didn't work out I gave banking exams and qualified it.After 2 yrs of working there I realised there is no future as a banker hence the transition.Now I am starting as a fresher in IT. My question is can I aim for Mba from top college abroad given my profile.My academics being 10/8/7 respectively. Kindly let me know what does top college look for in a candidate.Even after gaps and failure I am willing to change my path and improve my life.I do want a good tag from reputed institute. Do let me know your thoughts.
The top tier schools may be more rigid than the lower ranking ones in terms of how they look at career breaks. Having said that, if you are able to get a competitive score on the GMAT, there's not much of a downside in putting a few well-written applications. You might end up surprising yourself with what you convert. An important question first. Have you figured out how you want to use the new degree?
@@MBACrystalBall yes I left my banking job to prepare full-fledgedly for cat but it didn't work out.I wanted to pursue finance coming from the banking field.i tried preparing while working.I used to score good marks during preparation in mocks.But somehow exam day pressure is beyond my control.After this I was left with no choice but join anything that's paying decent.My problem with govt job was low pay and high work pressure.
Exam day pressure is a big problem even for applicants who have excellent academic and professional credentials. If you can overcome that, you'll have many doors opening. And it can help adcoms look beyond certain other (weaker) aspects in the profile. You haven't answer the original question (on career goals) directly yet. That's another area to work on, if it's still hazy.
Hey Sir I've been attempting the UPSC for the past 6 years, but things haven't fallen in my favor. After giving so much thought, I've discovered my growing interest in sustainable business, which I plan to pursue after gaining some work experience and exposure. I just realized that my realization was very late, which means I don't have many options to get into an MBA program. Suddenly, your flexible MBA article appeared on my phone, making me curious and inclined as you mentioned no need for GRE or GMAT. Frankly speaking, I haven't had any work experience since 2017, the year I graduated. Kindly help me out if possible. Thank You
@@MBACrystalBall The main issue is nobody in India even considers a person with no work experience for their company. So I thought doing an MBA somewhere outside would bridge the gap that was created.
Sir I have done btech and then done mba in HR from normal b school and got placed into a solar company.. but the job role and pay package is not good over here.. so planning to do dual mba in abroad.. and now I am 29 at 30 might be in 31 I am planning to do mba.. sir can you just suggest me few budget friendly countries where I can do dual mba.. and 30-31 age is too late to do dual mba...
30-31 is not too late. But the number of options are limited. You may have seen our video on Second MBA. If not check it out. Do you have a specific regional preference where you want to study for a second MBA? What post-MBA role do you plan to target?
They are both excellent options for professionals who also value their work-life balance. You'll get much more time than others who are working in front-office investment banking roles. The flip side is that you won't be making as much money, as those finance jobs generally don't feature in videos like this.
I’d like to know what is better in the job market and knowledge at the same time if you can help. Esade has a cems program (mim) but to take it I have to take a degree in masters after finishing i’ll be attending cems. At London business school they offer only one degree which mim . So i’d like to know which one is better and what will companies look at?
LBS is a far more global brand than ESADE. That branding trickles down into not only its flagship program (i.e. MBA), but also the other programs such as MiM. The other big advantage is its location - which gives LBS students access to all the opportunities London has to offer.
LBS wins if you're comparing brands. But for specialised masters focusing on entrepreneurship, you should also look beyond the brand and see what each program is offering, that will help you in your career goals. Otherwise, it'll just end up being an apple to orange comparison.
A few quick questions to understand the context better. - What were your original reasons to apply to these programs? - What's your post MBA goal? - What's your GMAT score? - Which other programs did you apply to?
Hi Sir, Are contract jobs counted as work experience in MBA application . I have got a very good offer from a UK based startup and would like to know its impact on my mba application. Also within contracts does daily rate contract or monthly fixed ones , are both okay or only one? I am currently working as a product manager with 1.5yoe and am an engineer.
Take the call based on whether this work will be helpful to you consider your current requirements. The payment rates don't matter, go with whatever works in your interest. Don't worry about what adcoms will think about it. As long as you do good, impactful work, you would be able to mention it in the application. Think about sailors who work on contract only for a part of the year. When do you plan to apply?
So, like what is the difference between India's 3 year BBA degree and Nepal's 4 year BBA degree? If I wanna apply to top MBA b schools is it counted as 15 years of education or what !
We're not familiar with Nepal's BBA degree, but if it's a 4 year program that follows 12 years of primary+secondary education, you'd meet the 16 year requirement. How much work experience do you have?
Mr sameer would you please tell me what are the salaries in the field of public private partnership(PPP)?are salaries higher in PPP?how much money a PPP advisor makes?
PPP projects tend to be more complex due to the number of stakeholders involved. So, it's tough to assign a compensation number since it would depend on the role played by the professional. Some compensation aggregation sites give a range (e.g. Salary.com says PPP project managers earn between $76K to $97K), but that may not be representative of the industry. Can you share a little context to the query? Are you in the role currently, or planning to get into it?
Hi. I'm currently working in supply chain at a top automobile company in India. I have about 2 years experience now and planning for an MBA abroad in the 2025 intake. With almost 3.5 years experience by the time of joining college do you think it's enough work experience to get into to the top b schools?
@@MBACrystalBall I was looking more towards UK for LBS, judge, European business schools like insead, hec. I'm planning to get my GMAT done in a few months. What do you think is going to be feasible with my background? Mechanical Engineer from a Tier 1 non IIT institute and working in supply chain at a top automobile manufacturer.
One-year MBA programs in Europe generally have students with a higher average work experience. American programs tend to attract younger students in comparison. When's the GMAT scheduled?
@@MBACrystalBall GMAT exam is tentatively scheduled for July. The cost of an American MBA is also on expensive side and I am not very keen on doing my masters there.
For the caliber of programs you have in mind, the ideal approach would be to wait for a few years to get closer to your target schools' stats (primarily experience). Rushing in would make it a high risk strategy. If you have strong reasons for applying earlier, make sure you mention them in your application so adcoms are fully aware of your motivation. What's the reason btw?
@tanishpanwani12 We'd have to agree with @SahajPS on being patient and not rushing into an MBA when you are not fully ready for it. Are you still studying? Any specific reason for targeting only Canadian universities?
The top IIMs including IIM Calcutta have offered excellent career opportunities to their MBA grads for years. Right now, the economy is not in the best shape, which in turn means that the job opportunities aren't at the same level. Business schools across the world (including Harvard Business School) have been impacted by this turn of events. So it won't be right to write off a good institute based on an uncharacteristic year. As and when the economy bounces back, we can expect IIMs placements stats to also get back to where they've always been. When are you planning to apply to MBA programs?
Hey i liked the video however you are only sharing the median salary from the elite b schools such as Stanford and Wharton, when you are talking about the average salary in general you should also consider other than the elite schools of business as you are talking in general Highest Paying Finance Jobs in the World, you should take the sample from the variety pool of b-schools, then and only then we would be able to know the actual fact....the acceptance rate of Stanford and Wharton is pretty low as you must be aware about it, This video is of no use to the person who is not gonna get into those universities.........i am only making sense.
Thank you for sharing that perspective, Rishabh. As the title & thumbnail indicate, the idea behind this video was to talk about the 'highest' salaried jobs in finance, as opposed to 'average' salaries for MBA grads in finance. Considering that objective, Harvard and Stanford rank among the top in terms of how high finance salaries can go, even for entry level jobs. We do have an old video on average salaries in Finance that goes beyond the elite b-schools. But that data is outdated now. If there's a significant interest in it, we could consider revisiting the topic.
Strange! Just checked on downforeveryoneorjustme.com and it seems ok. Which city and device are you accessing it from? Is the entire non-accessible? Try this link: www.mbacrystalball.com/blog/archives/
![[LIVE] BABYMONSTER(베이비몬스터) - DRIP | 두시탈출 컬투쇼](http://i.ytimg.com/vi/UG05pxLGwzc/mqdefault.jpg)
A simple like and comment will encourage us to make more videos. Aiming for an MBA? Drop your queries in the comments.
Hi, can you please tell in context of canadian investment banks and private equity firms, about their compensation and which universities to target to break into finance roles in canada ????🤔🤔🤔
The Canadian investment banking industry is quite small compared to the US. Other than the bulge bracket banks, the IB industry in Canada is dominated by domestic banks: BMO, CIBC, National Bank, RBC, Scotiabank, TD. Much of the recruiting happens at the undergrad level. Location wise, the action happens in Toronto. So any bschool that can get you closer to the action will be good.
I am interested in pursuing full time one year MBA from some renowned B schools.
To give you my brief background, I have a total of close to 13 years of work experience and additional 2 years of Mtech from IIT Madras. I have a diverse industry experience to name a few EPC(Engineering, procurement and construction), oil and gas service provider, Tech education, Agriculture equipment manufacturer and currently working for one of the IT service industry as a Data Scientist. I have always been an individual contributor throughout my career till now.
I have gone through one of your article on MBA at different stages of life and was really insightful where you mentioned about pursuing executive education for a profile that is similar to me, however I request you to help me understand about pros and cons about MBA at this stage of life specifically executive course(1year) but full time.
It will be really helpful if we can have a discussion.
It does get trickier to get an MBA after 30. The odds of making a complete career transition goes down, since most employers will reward the pre-MBA experience more. If you've never led a team before, the question that can come up is: How did the MBA help in building leadership skills.
Here's more on the topic: www.mbacrystalball.com/blog/2012/11/13/mba-age-over-30-too-old-for-bschool/
Thank you so much for your valuable videos. My son is also planning for MBA FINANCE from top rated Business Schools
Good luck to your son in his quest for a top MBA degree from his dream b-school! Has he finished his education? Where is he working now?
@@MBACrystalBall Thank you for your kind reply. He has completed his BBA and preparing for CMA. Once he clears CMA, will join any reputed firm to get experience
That sounds like a good approach. It's always beneficial to get some solid experience first, instead of being impatient and applying immediately like many students do. Seems like he has found a good mentor in his dad who scouts the internet, filters out the noise and then gives him helpful & relevant advice. More power to you for doing that.
@@MBACrystalBall Thank you again for your kind reply. My major source of information is your YT Channel and ofcourse few other.
Are there any international MBA related topics for which you'd like to see more coverage? Anything that's high on your list of priorities but not talked about on other channels?
Does having professional finance certifications like CFA/FRM helps in getting into a top B-schools in US? And what are the criterias for getting a scholarship in one, being from India?
Are all Phd degrees stem designated or is there a different system altogether for it? Plus, are academic careers in the US paid well in comparison to MBA in the US?
1. No, all PhD degrees are not STEM designated. Consider for example, a doctorate in a fine arts topic. This wouldn't be remotely connected to STEM.
2. Academic careers in the US can pay well...but only at the top. For the rest, it's the same story as with regular jobs - with competition and brand playing a big role in the competition. In comparison, MBA grads on an average would do better since there are more high-paying MBA jobs on offer than high-paying academic jobs.
Really need this type knowledge ...
Great sir
we need more ....
Thank you for the encouraging words, Shivansh. Are there any topics that you'd like to see more videos on?
Yes, how to start your own startup or company. if we do mba what our MBA do and help for us ?
I think TH-cam has limited knowledge of how to start and run business.
You can also start one playlist how too build startup series .
You make videos about how to use practical knowledge finance marketing sales etc.
And build own startup.
I am a 30 yr old female with almost 3yrs of experience in two different fields.From Nov 2020-2022,I was a government banker and recently I have transitioned into IT industry working as assistant trainer in an edtech startup.After graduation in 2016,I was preparing for upsc and when it didn't work out I gave banking exams and qualified it.After 2 yrs of working there I realised there is no future as a banker hence the transition.Now I am starting as a fresher in IT.
My question is can I aim for Mba from top college abroad given my profile.My academics being 10/8/7 respectively.
Kindly let me know what does top college look for in a candidate.Even after gaps and failure I am willing to change my path and improve my life.I do want a good tag from reputed institute.
Do let me know your thoughts.
The top tier schools may be more rigid than the lower ranking ones in terms of how they look at career breaks. Having said that, if you are able to get a competitive score on the GMAT, there's not much of a downside in putting a few well-written applications. You might end up surprising yourself with what you convert. An important question first. Have you figured out how you want to use the new degree?
@@MBACrystalBall yes I left my banking job to prepare full-fledgedly for cat but it didn't work out.I wanted to pursue finance coming from the banking field.i tried preparing while working.I used to score good marks during preparation in mocks.But somehow exam day pressure is beyond my control.After this I was left with no choice but join anything that's paying decent.My problem with govt job was low pay and high work pressure.
Exam day pressure is a big problem even for applicants who have excellent academic and professional credentials. If you can overcome that, you'll have many doors opening. And it can help adcoms look beyond certain other (weaker) aspects in the profile. You haven't answer the original question (on career goals) directly yet. That's another area to work on, if it's still hazy.
Hey Sir
I've been attempting the UPSC for the past 6 years, but things haven't fallen in my favor. After giving so much thought, I've discovered my growing interest in sustainable business, which I plan to pursue after gaining some work experience and exposure. I just realized that my realization was very late, which means I don't have many options to get into an MBA program. Suddenly, your flexible MBA article appeared on my phone, making me curious and inclined as you mentioned no need for GRE or GMAT. Frankly speaking, I haven't had any work experience since 2017, the year I graduated.
Kindly help me out if possible.
Thank You
Instead of going for an expensive degree, it may be better to focus on gaining work experience and catch up on the lost time.
@@MBACrystalBall The main issue is nobody in India even considers a person with no work experience for their company. So I thought doing an MBA somewhere outside would bridge the gap that was created.
It is more challenging to get a job abroad without work experience.
Sir I have done btech and then done mba in HR from normal b school and got placed into a solar company.. but the job role and pay package is not good over here.. so planning to do dual mba in abroad.. and now I am 29 at 30 might be in 31 I am planning to do mba.. sir can you just suggest me few budget friendly countries where I can do dual mba.. and 30-31 age is too late to do dual mba...
30-31 is not too late. But the number of options are limited. You may have seen our video on Second MBA. If not check it out.
Do you have a specific regional preference where you want to study for a second MBA? What post-MBA role do you plan to target?
What about asset management roles and financial planning roles. Thanks in advance
They are both excellent options for professionals who also value their work-life balance. You'll get much more time than others who are working in front-office investment banking roles. The flip side is that you won't be making as much money, as those finance jobs generally don't feature in videos like this.
I’d like to know what is better in the job market and knowledge at the same time if you can help.
Esade has a cems program (mim) but to take it I have to take a degree in masters after finishing i’ll be attending cems.
At London business school they offer only one degree which mim .
So i’d like to know which one is better and what will companies look at?
LBS is a far more global brand than ESADE. That branding trickles down into not only its flagship program (i.e. MBA), but also the other programs such as MiM. The other big advantage is its location - which gives LBS students access to all the opportunities London has to offer.
What if i’ll be studying entrepreneurship & innovation one year at esade and cems esade + hec
Is it better than lbs mim ?
Or LBS is still better
LBS wins if you're comparing brands. But for specialised masters focusing on entrepreneurship, you should also look beyond the brand and see what each program is offering, that will help you in your career goals. Otherwise, it'll just end up being an apple to orange comparison.
If you have offers for full time MBA from Warwick and Manchester, which one should one go for.?
A few quick questions to understand the context better.
- What were your original reasons to apply to these programs?
- What's your post MBA goal?
- What's your GMAT score?
- Which other programs did you apply to?
If the STEM-designated degrees OPT is extended to two additional years, no one would care about getting H1B visa.
For many, the American dream is too tempting to give up.
@@MBACrystalBall Atleast STEM OPT extension is way better than getting an H1B visa, if we can even get the visa in the first place.
Hi Sir,
Are contract jobs counted as work experience in MBA application . I have got a very good offer from a UK based startup and would like to know its impact on my mba application.
Also within contracts does daily rate contract or monthly fixed ones , are both okay or only one?
I am currently working as a product manager with 1.5yoe and am an engineer.
Take the call based on whether this work will be helpful to you consider your current requirements. The payment rates don't matter, go with whatever works in your interest. Don't worry about what adcoms will think about it. As long as you do good, impactful work, you would be able to mention it in the application. Think about sailors who work on contract only for a part of the year. When do you plan to apply?
Wonderful #Sir
So, like what is the difference between India's 3 year BBA degree and Nepal's 4 year BBA degree? If I wanna apply to top MBA b schools is it counted as 15 years of education or what !
We're not familiar with Nepal's BBA degree, but if it's a 4 year program that follows 12 years of primary+secondary education, you'd meet the 16 year requirement. How much work experience do you have?
@@MBACrystalBall I am in 3rd SEM of BBA at Tribhuvan University
Plenty of time then. Focus on doing well in your degree, and then getting into a role/industry you like. Looking at US MBA programs?
Mr sameer would you please tell me what are the salaries in the field of public private partnership(PPP)?are salaries higher in PPP?how much money a PPP advisor makes?
PPP projects tend to be more complex due to the number of stakeholders involved. So, it's tough to assign a compensation number since it would depend on the role played by the professional. Some compensation aggregation sites give a range (e.g. Salary.com says PPP project managers earn between $76K to $97K), but that may not be representative of the industry. Can you share a little context to the query? Are you in the role currently, or planning to get into it?
Well shared.
Hi. I'm currently working in supply chain at a top automobile company in India. I have about 2 years experience now and planning for an MBA abroad in the 2025 intake. With almost 3.5 years experience by the time of joining college do you think it's enough work experience to get into to the top b schools?
It'll be around 1.5 years lower than the class average for most US schools. Do you have a tentative list of schools you want to target?
@@MBACrystalBall I was looking more towards UK for LBS, judge, European business schools like insead, hec.
I'm planning to get my GMAT done in a few months. What do you think is going to be feasible with my background?
Mechanical Engineer from a Tier 1 non IIT institute and working in supply chain at a top automobile manufacturer.
One-year MBA programs in Europe generally have students with a higher average work experience. American programs tend to attract younger students in comparison. When's the GMAT scheduled?
@@MBACrystalBall GMAT exam is tentatively scheduled for July.
The cost of an American MBA is also on expensive side and I am not very keen on doing my masters there.
For the caliber of programs you have in mind, the ideal approach would be to wait for a few years to get closer to your target schools' stats (primarily experience). Rushing in would make it a high risk strategy. If you have strong reasons for applying earlier, make sure you mention them in your application so adcoms are fully aware of your motivation. What's the reason btw?
Sir, make a video on Canadian universities offering mba without work experience and gmat waiver
It's not worth it. Get work experience and gain maturity and clarity
@tanishpanwani12 We'd have to agree with @SahajPS on being patient and not rushing into an MBA when you are not fully ready for it. Are you still studying? Any specific reason for targeting only Canadian universities?
Hey is it worthwhile to study from IIMs because recently IIM C has been relying on their alumni network to get their students placements?
The top IIMs including IIM Calcutta have offered excellent career opportunities to their MBA grads for years. Right now, the economy is not in the best shape, which in turn means that the job opportunities aren't at the same level. Business schools across the world (including Harvard Business School) have been impacted by this turn of events. So it won't be right to write off a good institute based on an uncharacteristic year. As and when the economy bounces back, we can expect IIMs placements stats to also get back to where they've always been. When are you planning to apply to MBA programs?
@@MBACrystalBall This year sir
@@MBACrystalBall how can I start preparing for CAT exam?
We don't help with test prep, and our focus is on GMAT-based MBA programs (not on CAT MBA colleges). You'll find plenty of CAT prep resources online.
@@MBACrystalBall okay thanku
Hey i liked the video however you are only sharing the median salary from the elite b schools such as Stanford and Wharton, when you are talking about the average salary in general you should also consider other than the elite schools of business as you are talking in general Highest Paying Finance Jobs in the World, you should take the sample from the variety pool of b-schools, then and only then we would be able to know the actual fact....the acceptance rate of Stanford and Wharton is pretty low as you must be aware about it, This video is of no use to the person who is not gonna get into those universities.........i am only making sense.
Thank you for sharing that perspective, Rishabh. As the title & thumbnail indicate, the idea behind this video was to talk about the 'highest' salaried jobs in finance, as opposed to 'average' salaries for MBA grads in finance. Considering that objective, Harvard and Stanford rank among the top in terms of how high finance salaries can go, even for entry level jobs.
We do have an old video on average salaries in Finance that goes beyond the elite b-schools. But that data is outdated now. If there's a significant interest in it, we could consider revisiting the topic.
Nice
Link in the description isn't working
Just checked all 4 of them. They seem to be working fine. What error are you getting?
@@MBACrystalBallit shows,this site can't be reached
Must've been due to high server load. Does it still show the same message?
@@MBACrystalBallit still does,I particularly wanted that hedge fund one
Strange! Just checked on downforeveryoneorjustme.com and it seems ok.
Which city and device are you accessing it from? Is the entire non-accessible?
Try this link: www.mbacrystalball.com/blog/archives/