INSEAD MBA Program is said to welcome highly talented and diverse individuals every year.
Basic Info:-
Two campuses - Fontainebleau
One-year MBA Programme
Two intakes
September: starts late August, ends early July
January: starts early January, break for July and August, ends late December
Average experience = 5.7 years & middle 80% is 3.5 to 8.5 years.
Average GMAT on campus this year is 702.
Analysis
Positive points:-
1) Cultural Aspect :-
There seems to be a lot of diversity among students coming to this school.Students represent around 73 countries across the globe.2) Financial Aspects :-
Keeping the INSEAD Recognition in mind,HSBC International offers MBA loan at base rate plus 2% (currently makes 5% APR). Depending on individuals ,it varies from €10,000 to €50,000 (payback period up to 10 years).
There is also decent number of scholarships available to INSEAD students(around 45). They range between €3,000 and €15,000, a couple of higher ones at around €22,500 mark. Although, each one of them is targeted to different nationalities and some are gender specific.
For Indian students I can find ATLEAST:-
INSEAD Louis Vuitton Scholarship(s) INSEAD Alumni Fund (IAF) Diversity Scholarship(s) INSEAD Alumni Fund (IAF) Robin Hood Scholarship INSEAD Asia Enterprise Fund Scholarship(s) INSEAD Eli Lilly and Company Innovation Scholarship(s)
INSEAD is actively looking to increase its scholarships so there may be even more funding available in the future.
3) School has a good reputation across the Globe and especially in Europe/Asia.
4) Placements are pretty good with all major firms in financial domain/consulting etc.
INSEAD claims to have "One of the fastest returns on investment of an MBA programme in the world." This might be attributed to the very fact that the %salary increase is close to 94%[ ft.com] with good chances of scholarship.
My ROI Estimate is 2 years.
5) Since the program aims at 11 month duration,so it reduces the time spend in study and hence getting into corporate world
Negative points:-
1) INSEAD MBA programme is quite Expensive.
Tuition fees =€48,800
Average living expenses = €9,500 (Singapore) /€11,500 (France).
[ Costs (furnished) in singapore: €1000 per month for 2 bedroom apartment.]
The fees are normally paid in three instalments. 10% within three weeks of being offered a place, 60% one month before the classes start, and 30% four months into the programme.
So,60+10=70% needs to be paid in beginning.
Other Expenses
If someone don't already speak three languages at business level or above, he/she may need to take language tuition during your studies. This would cost you €495 per period (A period is two months in INSEAD).
A supplementary module, outside of core classes and required number of electives, would cost you €2200.
Moreover, you should budget €800 for books.
So total,
For Singapore:-
€48,800 + €9,500 + €495 + €2200+ €800 = EURO 61795
For France:-
61795+2000=EURO 63795
2) Intense Program :-
It seems that the 11 month programs is very intense and involves hell lot of workload.
As per alumni,time spend for study is:
Weekdays: 8-16 hours per day (including classes)
Weekends: 3-6 hours per day
3) Might not be great for career switchers as less exposure to internship in a short program.
4) It seems that high amount of work experience and leadership experience is required to enter this program as opposed to other programs of similar nature.
Which Campus ?
1)The USP of doing MBA in singapore campus might be that after a student completes MBA from there he/she gets 2 years work permit for Singapore and after that you are eligible For Permanent Resident Card.
2)Relatively Cheaper in terms of accomodation in Singapore campus.
[My 2 cents for confused souls..;)]
MBA aspirants who aims to work in India post-MBA,can have choices in IIMA, IIMC
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