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Hi all, I am working at Natwest Group RBS and I have recently applied for Product Manager Role(gurgaon) in Gartner. How much CTC I should ask and what is the general hike and bonus they give on yearly basis and can someone provide some insights on work life balance and leave policy?
CCTC - 18 Fixed
5 yrs exp with full time MBA
Gartner National westminster bank plc Natwest group
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I think you should wait a year or two. I don’t think you’ll have enough experience after less than two years to fully take advantage of an MBA program. Top schools generally want to see qualities of milestone successes, innovation, leadership, budding management experience etc. in applications. Although not impossible, it would be hard to demonstrate these qualities with little experience. Also, do you know what your long-term career goals are after 2 years on the job? When you apply for B-school, admissions committees can read through your applications and know very quickly if you really need the MBA to advance your career, or if you’re applying simply to speed things up or for prestige
Also, when you start thinking about applying, you’re about a year and a half away from actually starting, budget 4-5 months for GMAT, 2-3 months for applications. If you’re going for Round 1 apps (this Oct), you should already have completed your GMAT (at least first attempt) at this point
It will be hard to sell yourself to a top school with only 2 YOE. MBA internships and post MBA jobs ask for at least 3 (school doesn’t count) but typically the internships and jobs are asking for 4-5 YOE. You should definitely take GMAT as early as possible to leverage your past schooling to do better on the test.
It would also help your application if you get promoted at your job. Happy to chat further, I graduated with my MBA last May.
Good to know! Thanks for the tips
You should try and wait a little longer. An MBA with only 2 years doesn’t make sense imo
I think he/she means that they pay the same as what he/she’s making now; which is a legitimate consideration
MBA grad and currently do MBA recruiting. It’s realty hard to stand out in recruiting when everyone is smart and has a good UG profile but you’ve only worked two years with limited management experience and one promotion at best. You may be awesome, brilliant and the next chairperson of my firm but I can’t tell after only a few years of experience and I’ll just default to the person with 5 years of experience, two promotions and demonstrated management experience. Also I feel way better letter someone that’s 30 run through meeting I can’t make than letting someone that’s 26 and has only two years of experience
This is an interesting post! I don’t want to repeat a lot of what everyone’s said in terms of employer preference post-MBA, but what I would like to illuminate is the reapplication process.
Seems like your motivation for applying early is the potential to reapply multiple cycles until you get into your dream school. Logically that makes sense - but I’ve heard from a few recruiters and school reps that it generally doesn’t show well if you apply more than once to schools. In fact there is a separate process for many reapplications. I would strongly suggest accumulating some WE and networking through professional connections - particularly in the early stages of your career!
D2 and McK1 made some good points. With regards to the recommendations, as McK1 mentioned, this may be the single most severe limiting factor to applying this year. Aside from the fact that folks don’t yet know you well enough to write a compelling recommendation, they may not even be comfortable with agreeing to write a recommendation in the first place and may even take your early application as a sign that you are trying to get out of this job ASAP.
It might be worth turning to some of your work mentors to gauge their reactions to this idea - they’ll have good advice, and you’ll get a chance to test the waters before you go all-in on asking for recs.
Isn’t data science and artificial intelligence the new hot field?
I’m in a similar boat, I’m planning on applying next fall to matriculate 2022, beef up experience, make sure an MBA is really what my career needs, and focus on kicking ass at this job for a full 2 years before dedicating 10 hours a week to gmat prep
Sure thing A1
Just graduated from MBA this month and probably with more than avg years of experience (10 yrs before entering school) and can tell you right of the bat that jobs asked at least a minimum of 3 yrs experience even with an MBA. Also most companies actually prefer 5.
Unless you are at MBB and planning to go back to it, my suggestion to you is get at least 4 yrs of experience in. You will still be youngest but at least employers wont turn you down right away and can actually sell your experience to the admission board. It is hard for those with lack of experience, we had someone with only 2 yrs, and truly struggled not in the theory but real life case scenarios.
And as someone already mentioned, take the GMAT early so you can take advantage of being out of school for just 1 year and all the concepts are fresh on your mind. Good luck!
Appreciate this insight!! Thank you
One piece of context that might help. I did my MBA at HBS, which has the 2+2 program. Of the people in my section who were 2+2, literally only 1 of the 10 actually matriculated after 2 years of work - and it was because he hated his job. The other 9 waited 3-4 years before matriculating, stating that they wanted more perspective and management experience before school.
Super helpful!! Thanks
Get a Masters in data science if you want to hop into a grad degree after 2 years of work. If you still want more then you get your mba after you have 5-8 years of experience.
Sorry, no advice here - but I’m in the very early stages of even thinking about pursuing my MBA.. i graduated/started working the same time as you. I️’m interested in why you’ve picked the two year mark to start? And have you considered online options that allow you to work while being a grad student?
From what I’ve seen, schools count the total years of experience that you’ll have when you enroll in the program. So in this case, the first option you stated would be aligned to the goals you stated. I think 2 years is a small amount unless you want to want to do a career change.
Ah gotcha. Thank you
I matriculated into my MBA program with 2 years of experience. It depends on your situation - if you enjoy your current job and feel that it still offers valuable learning opportunities, then waiting a year or 2 won’t hurt. As for me, I was miserable in my role and desperate for a career pivot, so I applied as early as I could.
At times I did feel at a disadvantage in recruiting when my peers had on average 5-6 years of experience. Networking and practicing interviewing helped me close that gap a bit. In the end I’m glad I did it when I did so if you’re eager to start as soon as possible I say go ahead and apply. Good luck!
I remember the schools specifying minimum 2 YOE post-grad experience in the admissions criteria - but if you can weave the internship experience into the written portion about why that school is a good fit then it will definitely strengthen your application.
For context, I have a specialized Masters already. Want an MBA for brand + network.