Showing posts with label Spain. Show all posts
Showing posts with label Spain. Show all posts

Friday, October 16, 2015

Interview with a recently graduated IE MBA student

I am pleased to present here an interview with a recent graduate from the IE MBA program in Spain.


1. After you were admitted, looking back on the way you prepared for the MBA in the spring and summer, is there anything you would change? Anything you would have done more of or less of?

If I could go through the whole process again, I would make 3 changes, TOEFL, Campus visit and interview training.

- TOEFL
I would not go to a private school for listening and reading. It’s all about training to improve those scores and the program of those schools did not work well to improve the scores.

- Campus visit
Campus visit provides us with plenty of information which helps us work on application documents and choose school to go. In addition, it helps us know which kind of perspectives on B-schools we should have before choosing schools. 

- Interview training
I would do more interview training because it is more important than I thought. Interviewers carefully check applicants’ answers and your words and behaviors in the interviews greatly affect their decision. Therefore, I strongly recommend that applicants should carefully choose what to speak in the interviews and train for them in order to deliver your idea effectively.


2. What's a typical day in the life of an MBA student in your program?
8:00                 Wake up and have breakfast
9:00 – 15:00 3 sessions, 1.5 hours each session
15:00 – 16:00 Gym
16:00 – 21:00 Group work or preparation for the next sessions
21:00 – 22:30 Dinner (cook by myself)
22:30 – 2:00 Preparation for the next sessions
2:00 – 8:00      Sleep


3. Can you write a bit about a course that you would recommend future students take?

Financial Entrepreneurship & Private Equity: 
The professor is also working as a partner of a PE and she shared her real experiences which helped me understand how PE works and make their investment decisions deeply.

“Entrepreneurial Acquisition” and “Entrepreneurship & Venture Capital”:
Those courses are about Search Fund, a kind of small PE. Fund managers of those funds are also entrepreneurs and they raise a fund, search companies to invest and increase the value of the company they invest. Only 4 B-schools in the world (HBS, GSB, IESE and IE) provide with courses about Search Fund.

M&A Boot Camp:
This course is about M&A coordinator and the professor requires us to develop real M&A project, in which I could learn a lot about real M&A process. In addition, the professor has vast network in finance and he invited some of them to students which is a great opportunities to develop network in finance especially in Europe.
The professor, Prof. Paris, likes Japanese culture and he is really helpful to Japanese students. Sometimes he invited us to a party in his house.


4. Did you have the time to get involved in any extra-curricular activities? If so, what ones and what were you doing in them?

Yes, but I did not spend much time on club activities. I was in the Japan club in IE and my role was representative of the club.


5. What were your experiences like in learning/project teams? 

IE is known as its diversity and it gave me a plenty of opportunities to work with a variety of people. Through those experience, I could improve my skill to communicate with people with a variety of sense of values and people of multiple nationality.


6. Can you share your plans post-MBA?

I’ve already started to work in a management consulting firm in Japan. I will start to look for another opportunities in industrial area a few years later.


7. Looking back, what has been most surprising to you about your MBA life, compared to your original expectations before you enrolled?

Diversity of values, careers and life. Many Japanese students go to MBA for better salary, company, position and status in society. But I could see many students from other countries who have different type of motivation. For example, one Taiwanese girl came to MBA because she wants to live her Spanish partner in London and MBA helps her find the better job in London. It was eye-opening experience and enriched my perspective of my life.

Thanks very much for the information and your time! 

John Couke




Thursday, March 7, 2013

Are MBA Applicants from Japan Trending Upward?

A recent survey posted by GMAC shows the number of GMAT tests taken by Japanese citizens during TY2012 (meaning 7/1/2011 to 6/31/2012) increased over the previous year. Here are the numbers:

TY2012 - 2,835 GMAT tests taken by Japanese citizens
TY2011 - 2,518
TY2010 - 2,680
TY2009 - 2,938
TY2008 - 2,935

TY2012 represented a 12% increase over the previous year, and the first increase since TY2009 (which only had 3 most tests taken than 2008). There are, to me, numerous reasons why this is the case. Of them all a growing realization amongst Japanese firms and their staff that new business = global business has got to rank near the top. This doesn't mean that there aren't opportunities in the domestic market - Japan remains the 3rd largest economy in the world. But it does show that the "outward gaze" is taking hold amongst those in their late 20s or early 30s for whom b-school is an option.

Of course, the big question is how the number of GMAT tests taken will impact the number of applications to MBA programs amongst Japanese citizens for programs starting in 2013. It is too early to tell. One thing we do know however is that whatever that volume is, it will most likely be to an increasingly diverse range of programs. From the same GMAC survey, the percentage of those GMAT reports coming from Japanese to US programs went from 77.23% in TY2008 to only 67.31% in TY2012. On the other hand, GMAT reports sent to Singapore, Spain and Hong Kong collectively went from about 3% of the total in TY2008 to about 9% in TY2012, a threefold increase.

So - more Japanese are sitting for the GMAT, and they're tending to apply to a more diverse range of programs. Both to me are good signs for the future.

Read the GMAC survey here.

John Couke
john.couke@gmail.com