Monthly Archives: March 2019

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higher study abroad or in india-manhhatan review india

Which is Better – Higher Studies in Abroad or India?

India is the second largest market after China that sends students to study abroad every year. The trend is on the upswing as more than 50% of India’s current population of 1.32 billion is below 25 years.

Why are more students increasingly making the crossover to the International colleges and universities?

1. Global Ranking

No Indian university including the IITs and IIMs has a global ranking in the Top 200. The Indian Institute of Science (IISC) figures in the 250-300 rank.

The competition for admission to Indian institutes is much higher than even a top 20 universities in the world.

Also, the cost of seats under the management quota for professional colleges in India is unregulated in India and highly costly. Some times, it is less expensive to study in the top ranking universities abroad than in much less reputed colleges in India.

When it comes to costs and return on your education investment, unfortunately in India, even in popular streams like science and engineering (specifically research), the pay in after doing Masters is meager.

You can safely trust most of the universities abroad as they have an excellent standard of education, maintained by the educational, regulatory bodies of the country.

2. Admission Process

Getting admission to India’s premier institutes like the Indian Institute of Management (IIMs) or Indian Institute of Technology ( IITs) are highly competitive and stressful.

It is indeed a dog or rat race from start to finish when studying in the Indian education system. The rat race gets even more intense in the popular streams of study STEM (Science, Technology, Engineering, and Mathematics)

Note this – On an average, an Indian student has lower than one in 50% chance in gaining admission to a highly reputed institute of technology and business.

The high cut-off marks for national level exams such as the Joint Entrance Exams (JEE mains) for engineering colleges, National Eligibility and Entrance Test (NEET) for medical colleges and Common Aptitude Tests (CAT) for management colleges can demotivate even the brightest students to give up hope on securing admission to a course and college of their choice.

Studying abroad is a much easier and streamlined process which brings hope and lots of career opportunities for Indian students. Admission to a highly-ranked college or university abroad is comparatively easier right from the undergraduate level.

No wonder, an increasing number of Indian students are choosing to take the big leap and make the crossover for their undergraduate studies.

While there are exams like GRE, TOEFL/IELTS, and GMAT, the syllabus for these exams is relatively simple. Also, it is only one exam that you have to give, unlike Indian national level exams. The admission requirement for selecting the students is also different for each university abroad raising your chances of making to a college of high reputation and standing.

3. Quality of Education

While it is true that the standard of Indian education is evolving, there is still a lot of development that needs to be done.

One of the most significant grey areas is the lack of opportunities for the practical application of theoretical knowledge and skills gained through conceptual understanding. Little wonder that lakhs of Indian students are unemployable struggling to get job placements after graduation.

The problem is not with the student but the Indian education system where the emphasis is on rote learning to remember concepts rather than understanding them. Classroom experience is limited to classroom lectures with little to no class participation. Maintain a good attendance record is the top concern for both faculty and students with little or no interest in either teaching or learning.

Students interested in pursuing research do not receive enough support from Indian institutes in terms of finance, infrastructure, and resources.

The student’s natural curiosity is crushed under the high academic pressure from Indian schools and colleges, leaving no room for innovative thinking and development.

In contrast, there is a lot of focus on student-driven learning, engaging them in the active learning process via class participation, discussions, case studies, and practical off- and on-campus experiences that make learning a fun, productive and meaningful experience.

Universities abroad provide abundant resources such as sophisticated technology, equipment, and infrastructure which encourage and motivate students to conduct in-depth research.

There is a lot of focus on creative thinking and innovation in the education system abroad which organically builds a student’s self-esteem and confidence levels. Studying abroad polishes your soft skills, and allows you to focus on your hobbies ranging from mountaineering to painting which isn’t given as much importance in India.

4. Flexible Curriculum

In India, the focus is only on the popular STEM (science, technology, engineering, and mathematics) courses. Very few options are available for students who are interested in pursuing other streams of education. Even if their desired course is available, the school does not have the expertise and accreditation to prepare its students for a more prosperous career path.

The sheer range and variety of courses available to students abroad in countries like USA, UK, Canada or Australia are mind-boggling. You are sure to find a course of your interest in a reputed college and universities abroad in the most unconventional and contemporary subjects like sports, baking, psychology, filmmaking or entertainment with greater scope and structure. You may end up with a diploma if you study these courses in India. But abroad, you will study in-depth and have a fully accredited Bachelor’s Degree which holds a lot of value in your field of interest.

As a student studying abroad, you can opt for ‘dual major’, ‘minor’ and ‘free electives’ when choosing a course and allowing you to specialize in diverse subjects. You could be doing your masters in engineering with few credits in accounting and marketing as well. It throws open more career doors for you in various streams in the global markets.

Apart from flexibility in courses, universities abroad gives you the freedom to work on a part-time basis while pursuing your education. Many universities abroad allow international students to work on campus, and off-campus.

5. Emigration

When you study and work in India, emigrating to a country of your choice becomes tougher.

But if emigration is one of your goals for better prospects for your career and family, then it makes sense to start early and look to study abroad at the graduate level. Many countries like the USA, Canada, and Australia offer attractive job prospects after graduation, and their flexible immigration rules allow students to look for employment after completing their studies.

80% of students from India and other Asian countries choose to remain in the USA after completing their graduate and doctoral studies according to the latest US National Science Foundation’s Survey.

Obtaining permanent residence abroad becomes easier once a job is secured, helps gain access to higher salaries leading to a better lifestyle and facilities.

Conclusion

Studying abroad is the clear winner here as there is a vast difference in the quality of education between the Indian and International institutions. It is the better option out of the two.

Today, you have various funding and scholarship opportunities available for your benefit. The benefits of an international education help you build a stable and secure career and future.

If you need more assistance with career planning, you can contact our career experts for help. Our career experts can help you decide what you want to do. They might be able to give you many ideas for careers and the right training for it.


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StartCareerPlaning-ManhattanReviewIndia

When Is The Best Time To Start Planning For Your Career?

Category : Useful Info

This is an interesting and complex question. It can be looked at from two aspects with its own pros and cons.

In this article, we will look at starting your career both late and early, Moreover, what are the consequences of doing so?

Is it too late for you to start planning for your career?

Life changes and so, your priorities keep changing over time.

You might have been clueless in our twenties about the kind of work that you wanted to do.

Maybe you took a break from the corporate prioritizing family over career.

Maybe you didn’t like the job that you did at the start of your careers.

Maybe you want to step aside from the mad rush of corporate bureaucracy and politics and re-evaluate your career strategy.

Don’t worry and make a hasty decision. Reflect on what is that you really want out of your career.

If you need the money, take a job that helps you meet your money goals until you re-evaluate your career. To make room for more meaning in your life. To focus on what really matters to you.

Maybe you have squandered the days gone by, but you learn from them. You can start afresh beginning from now.

You only have one life. How do you want to spend it?

You might come up with the excuse of the investment in time, effort and money that you made in your earlier or current path. It has to lead you to this place of introspection. It has to lead you to question yourself about what you want and don’t want.

Yes, rethinking about your career goals later in life will require you to move a few steps backward in order to move forward. Move forward in your new life and take backward steps in your old life.

Forget about what people say. People may say a lot of things or form a lot of opinions about you and how you should lead your life. They may even think you’re crazy to leave your current job and run after passion. But, you need to ask if these are the same people who are unhappy with their lives or who are leading stagnant lives. Are these people who never make a change? Surround yourself with go-getters and people who are living exactly the lives they want. The more you surround yourself with like-minded people, the more normal you will feel. In time, you will wonder anyone would be stuck in jobs that don’t make them happy or fulfilled?

The last excuse could be money problems or even the fear of starting afresh. But this is again a choice. If you want something badly, you will find ways to remove all obstacles in your path. None of these “but’s” or excuses will be big enough to hold you back from living the life of your dreams.

You may feel that a career change is not practical or possible at your age. You may feel that employers would be reluctant to hire you when you don’t have the experience in a new field – especially when it comes to high-level jobs.

Take heart in the research findings from Harvard Business School which reveal that outsiders without industry experience are likely to be the best leaders, who can resurrect troubled companies, map out bold new strategic directions, or guide a nascent startup to dominance.

Are you willing to start planning and take the leap?

Why it’s best to start planning for your career early?

In her TED Talk “Why 30 is not the new 20”, Meg Jay, a clinical psychologist says

“Our 20s are that critical period of adult development.

The advantage always lies with the person who knows what they want to do early and gets on and does it.

Early momentum is key. People who get momentum early on keep on getting momentum and get more opportunities.”

If you already know in your early twenties what you want to become in life, that’s the best situation. You should have a career plan in place. You should have Plan A and Plan B to accommodate all sorts of situations.

If you don’t know what you want early on, then it’s good to speak to a reputed career counselor who can help you find suitable career options.

The significance of early career planning cannot be emphasized enough for fresh graduates. You have the advantage of time in your hands. Make the most of it and don’t squander your life without a solid career plan in place.

Conclusion

There is no right or wrong time to start planning for your career. However, it is an advantage if you have clarity about your career early on in life so that you can plan and work towards your goals.

Your time is precious, and you must decide how to invest every second of it.

Our final thought is that you should make your career decisions and plans from a place of belief in yourself and your strengths — not a place of fear and desperation.

If you need assistance with career planning, you can contact Manhattan Review India for professional guidance.

We would love to read your comments and know your thoughts. If you found this article useful, please like and share with your friends, and do follow our page to know when we post next. Thank you!


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Career Options for MBA Graduates - Manhattan-Review-India

Top Ten Career Options For MBA Graduates

Getting an MBA overseas from a reputed institution is a solid investment for your future. It is a sure-shot way to help advance your career with good paying jobs in a highly competitive job market.

Latest employment trends

There has been a shift from finance and consulting which used to be the hot sectors for MBA graduates in the past to jobs in operations, marketing and analytics today. Companies are increasingly filling in marketing and technology positions with employees who have MBAs.

An increasing number of MBA graduates are gravitating towards the technology and products & services industry according to the B-School Alumni Employment Report Alumni Perspectives Survey of 2018.

According to the study, MBA graduates from premier institutes are filling in mostly mid-level to senior and executive-level jobs in an organization. The roles that the current MBA graduates are filling in are:

Marketing & Sales – 20 %
Finance & Accounting – 20%
General Management – 18%
Operations & Logistics – 13%

Ten hot jobs for MBA Graduates

The sky is the limit for an MBA graduate.

There is a lot that you can do with your versatile and valuable MBA degree. It can take you in any direction that you want based on your interests, career goals, and aspirations.

Let’s take a look at the top ten career paths and job opportunities that you can explore after getting your MBA degree.

1. Business Operations Manager

If you are a “jack of all trades,” this is the job for you. You will be working under a big umbrella of diverse responsibilities to help companies reach their business goals.

Your job will significantly vary depending on the company and the role of the CEO.

Typically, you will be overseeing the daily business operations, coordination between various departments, policy creation, budgeting, hiring, marketing, and negotiating contracts.

You will need to show a great deal of flexibility and multitasking for this role. You will need to have the ability to work with all kinds of people, strong quantitative skills, ability to initiate and implement major projects, have a basic understanding of the supply chain.

You will need to focus on improving the existing processes and studying logistics.

2. Marketing or Sales Manager

Marketing & Sales is a promising field for MBA graduates.

As the Marketing Manager, you will oversee the planning and execution of the strategic marketing plan to help companies grow and increase revenue. You will identify and maintain the company’s competitive advantage. You will research and evaluate customer demand, market trends, launch marketing campaigns, analyze the performance of the campaigns to make improvements, develop pricing strategies, manage budgets, identify new opportunities, expand into new markets, create more brand awareness, get new clients, and bring in sales.

If you are great with closing deals and have leadership skills, you should consider the job of a Sales Manager. As the Sales Manager, you will set sales goals, evaluate market and identify ways to meet consumer demands, and boost sales. You will create new sales promotions and develop training programs.

When you are in the sales and marketing field, having a solid background in business studies is critical for developing effective growth strategies. The MBA program is perfect for you.

3. Analytics Manager

There is a massive demand for Analytics roles and jobs in Big Data. Big Data is a relatively new field with a high scope.

As an Analytics manager, you will collect data relevant to your field, and utilize information to improve business practices and the company’s bottom line. You will analyze financial and market trends, issues and figure out the best solutions.

You need to have strong leadership, technical, business, risk management, and problem-solving skills for this role.

4. Financial Manager/ Investment Banker/ Venture Capitalist/ Financial Advisor

If you have a sharp financial aptitude, you should consider this field. You could be a Financial Manager Investment Banker, Venture Capitalist, or Financial Advisor.

As a financial manager, you oversee accounts and transactions, help companies create financial policies and budgets and meet financial goals.

As a financial advisor, you work with clients to help them make the right financial decisions. The financial advisor was listed as the fourth best job in business by U.S. News & World Report.

As an Investment Banker, you provide sound investment advice to help companies raise profits by determining its financial health and developing strategies and financial models. You help companies invest and grow their capital with smart purchasing of debt and equity.

As Venture Capitalist, you provide technical advice to companies about which startup to invest.

5. Product Manager / IT Director

This role might apply to products from any industry. But in MBA jobs, it is dominated by the technology sector.

A natural progression for techies after their MBA to move into managerial position in top tech companies as it calls for a combination of technical and managerial skills.

As an IT director, you develop and implement the strategy for your company’s IT department. You ensure the optimal utilization of the company’s technical resources and its effectiveness in achieving all the business targets.

6. Management Consultant

This job is ideal if you are looking for a flexible career path with high earning potential.

As a Management Consultant, you are the corporate problem solver. You know the company inside-out, provide focused direction, and help solve their current business challenges to improve efficiency and profit.

You work closely with the C-Suite level (Chief operations officers, Chief executive officers, and Chief financial officers).

7. Human Resource Manager

If you have excellent people skills, this is one field you should consider this job.

As Human Resource managers, you are indispensable as you manage the most important resource of all: people. You should have strong management, analytical, communication, interpersonal and presentation skills.

You understand the value that human performance brings to the business’ results.

8. Health Services Manager

There is immense scope in the rapidly transforming healthcare industry where the focus is on providing quality care and lowering costs.

As Health Services Manager, you plan, direct, coordinate and direct health and medical services of the entire facility or a specific department. You have the critical responsibility of organizing, leading, and coordinating patient care operations.

You need an MBA degree with a concentration in health services management and finance.

9. Fundraiser

If you are socially responsible and keen to join the nonprofit sector, you should consider fundraising.

As a fundraiser, you will leverage your financial expertise to help support organizations that provide valuable services around the globe.

You can also work as a volunteer with a nonprofit organization while studying for an MBA.

10. Entrepreneur

Nearly 80% of the people globally pursue an MBA with the hope of becoming an entrepreneur according to latest studies.

Entrepreneurship is a popular career option among MBA grads. The freedom to start your dream business venture or continue the legacy of an existing business and take it to newer heights is attractive to many young, bright minds.

Conclusion

Getting an MBA abroad helps you prepare for a career with increased earning potential and career advancement opportunities in your industry of choice — finance, technology, healthcare, nonprofit, technology, or any other field that require specialized business expertise.

Aristotle rightly said, “Pleasure in the job puts perfection in work”. We have listed some possible career options for you after your MBA. It is time for you to introspect what your strengths, career aspirations and goals are.

Only when your passion meets its purpose, any work will be a thing of joy that lasts forever. Success follows automatically goes without saying.

Want more information? Talk to our career counselors to learn how Manhattan Review can help you about getting an MBA overseas that fits your career goals in your field of choice.


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Choose MBA Abroad for Better Prospects

Should You Choose MBA in Abroad For Better Career Prospects And Entrepreneurship?

The MBA program is one of the most sought after degrees in the world by aspirants from all walks of professions. This universal and versatile program fits well with any graduate stream, be it arts, science, technology, media, commerce or even the military.

So, should you choose an MBA program?

The MBA program from a reputed B-school is perfect is if you are interested in career advancement, and job opportunities with a better salary. It gives you a big jump from your current job position to your desired title and position.

There are many reasons why companies prefer MBA graduates from top B-Schools abroad to manage business operations. There are many subtle nuances to the MBA program which polishes you from a regular executive to a global business leader.

You learn the practical applications of your technical knowledge, strategic thinking, business, analytical, and qualitative skills during the MBA course.

Employers most value the well-rounded personality of an MBA professional.

Some of the skills that you will learn as part of the MBA program are:

  • Leadership
  • Teamwork
  • Critical thinking
  • Problem-solving and decision making
  • Initiative
  • Adaptivity
  • Resilience
  • Communication
  • Strategic thinking and planning
  • Global orientation
  • Ability to utilize technology
  • Time management
  • Project management
  • Risk management

 

The Value of the MBA Degree

The value of your MBA depends a lot on the reputation of the B-school that you attend.

Most successful executives are alumni from top B-schools in the world. Studying MBA from a premier B-school gives you easy access to a network with some of the world’s best global leaders. You can build a strong network with the prestigious alumni of the university, and guest faculty or speakers.

The MBA education gives you the flexibility of thought and capability to operate for different companies. It gives you an understanding of the various aspects of business helping you bring a broader value base to any company.

It gives you an edge over the other executives as you work as the bridge between different departments.

As an MBA graduate, you are the force multiplier in your organization. You will be that leader who will be pulling everyone working on their own in the right direction. You will utilize everyone’s strengths and get them all on the same page.

Many MBA graduates from premier B-School have confirmed how the degree has helped them achieve their career goals. It has helped them deal with a diverse set of clients from across the world and give them a holistic idea of how the business operates.

The MBA education equips you to handle all business areas such as finance, technology, and operations and provide business expertise to small start-up clients to big corporations. You help clients make educated decisions.

An MBA abroad is a smart investment for anyone who aspires to become a C-suite executive overseeing multiple divisions of a business.

Conclusion

If your career goal is to influence business and strategic decisions and the path that a company should take, then you need to seriously think in the lines of getting an MBA degree from the top B-Schools.

The foundations in business and management that an MBA education provides can offer you a variety of career paths, and we’ll explore some of the diverse opportunities available in the fields of health care, entertainment, technology, and more.

In our next article, we explore the various career paths and opportunities that are open to MBA graduates. If you need more assistance with career planning, you can contact our career experts for professional guidance.