Tuesday, February 23, 2010

Committed!

Yesterday I parted with 5000 euros. Ironically, I'm happy about it. This money went straight to IESE Business school towards the deposit and now I'm committed.

One other great thing about IESE is its Global loan program. IESE in partnership with Banco Sabadell (a leading bank in Spain) offers a global loan to any student who has been accepted without the need for a co-signer. This loan covers the entire tuition fees excluding the deposit. This is a big relief for international students and especially at these times when getting a loan without a co-signer can be a pain in the rear.

Now I need to (try) to save as much as possible and may be take some loan from a local bank or family to cover my living expenses while I'm in Spain. For the past 3 years, with a steady income, I've been living a pretty decent life and the thought of loosing that income really scares me. But what the heck. I've been in this situation before and I know that i can handle it.

Anyways, if anybody feels generous enough to help me out with some $$ please drop me a line. :)




Wednesday, February 17, 2010

My MBA application journey - From GMAT Prep to Acceptance

"Hard work certainly goes a long way. These days a lot of people work hard, so you have to make sure you work even harder and really dedicate yourself to what you are doing and setting out to achieve." - Lakshmi Mittal

The above quote by the great Mittal is really my matra and this is what i believed in when i started on this journey. There were a great deal of challenges and difficulties that i faced but what kept me going was the ultimate goal! MBA is what i wanted to do, this would take me to my destination and i wanted to give in my 100 percent to get there!

I started this blog back in February, 2009 and at that time I had no idea what was ahead of me. I still remember my first post on 9th February 2009. That was the day when I first laid my hands on the "Official Guide for GMAT Review". That was the day I promised myself that I'll put in my sole into the GMAT preparation and give-in my best shot towards my business school application.

So without further ado here is a timeline representation of some of the important events that followed that day:

Feb 9, 2009 - I prepared a GMAT gameplan - a time table of how I'll be taking on the GMAT. Ordered 5 books and dowloaded the beatthegmat flashcards by Eric. More Info

Feb 18, 2009 - Took my first Diagnostic test from the official guide. Did pretty well!

Mar 2, 2009 - Took my first GMAT CAT (GMATPrep 1 downloaded from mba.com) - didn't go well.
Mar 16, 2009 - Took my first Manhattan GMAT CAT

Apr 1, 2009 - Found out about GMAT Focus - that was a true gem!

Apr 20, 2009 - My first 700 score in a practice test!

Apr 22, 2009 - Influenced by all the GMAT gurus in the Beatthegmat community, I started an Error Log to record all my errors and started going throu' them once every 2 days along with the flash cards.

May 1, 2009 - A very anxious day indeed with GMAT in 24hrs!

May 2, 2009 - GMAT Day (Attempt 1) - scored a 640 (Q44 V34). Was disappointed with the score and decided to re-take.

May 4, 2009 - Back on with preparation! Analyzed what went wrong and tried to come up with solutions. (You can read about it here)

May 7, 2009 - Scheduled my GMAT (attempt 2) for 19th June.

June 1 to June 8, 2009 - Took 4 practice CATs and averaged around 720! It was a real moral boost.

June 19, 2009 - One of the worst days of my journey - GMAT attempt 2 - 620!! Herez some realization.

June 24, 2009 - Back in the game for another attempt. This was the first time i met Charles - the best tutor in NYC.

July, 2009 - Rigorous practice. And this time with tougher materials such as LSAT critical reasoning book, GMAT Focus, and others. (More info)

August 8, 2009 - Realized something - I'm a horrible standardized test taker. GMAT (Attempt 3) - 640, Again! (More Info) I decided to stop wasting any more time on GMAT started the b-school hunt with my 640!

August 9 to 11, 2009 - Prepared a list of parameters that would help me select 6-7 b-schools that i'll apply to. Shortlisted a few schools in Asia and Europe. (More Info)

August 15, 2009 - Prepared an outline for essays. First stop - INSEAD! Quite a bold move eh! :)

August 24, 2009 - INSEAD essays first draft - ready!

Sep 1 to 24, 2009 - went over 4 more drafts of INSEAD essays.

Sep 28, 2009 - After 6 drafts of essays, finally submitted my INSEAD application.

Sep 29, 2009 - Submitted my application to University of Hong Kong (I still haven't heard back from them :))

Oct 4, 2009 - ESADE Application submitted - after 3 drafts of essays!

Oct 6 to12, 2009 - IESE essays - done with my 3rd draft of essays.

Oct 15, 2009 - ESADE invited me to interview - this was one of my happiest moments since it was my first interview invite!!

Oct 23, 2009 - IESE Application submitted.

Oct 26, 2009 - IESE Invites me to interview within 3 days - That was the fastest response i've got.

Nov 1 to 20, 2009 - Interview preparation along with NUS Business school application essays.

Nov 5, 2009 - INSEAD dings! I kinda expected that.

Nov 13, 2009 - NUS Application submitted.

Nov 22, 2009 - ESADE Admissions interview (face to face with adcom). I still remember that day. It went amazingly well and I was quite confident on making it.

Nov 23, 2009 - IESE Interview - My longest interview but was a fantastic experience with a super friendly adcom!

Nov 25, 2009 - IESE Waitlists me and invited me to an Assessment Day on Jan 31st! It was a 2 months wait!

Nov 27, 2009 - ESADE dings me! I was totally shattered. I still have no idea why but now i understand that there is someone up there who controls your reins. Everything happens for the best!!

Dec 4 to 10, 2009 - HKUST application essays - draft 1,2 and 3.

Dec 12, 2009 - HKUST Application submitted.

Dec 15 to 31, 2009 - The dreadful WAIT!

Jan 1 to 15, 2010 - Applied to Tsinghua University in China, Interviewed and Waitlisted :(

Jan 29, 2010 - Two days before the big event - IESE Assessment day, I get dinged by HKUST!

Jan 30, 2010 - IESE Case presentation - Sample class by Prof. Mike Rosenberg from IESE B-school.

Jan 31, 2010 - IESE Assessment day - A fantastic experience interacting with 30 brilliant applicants from over 15 countries. A whole day of team activities.

Feb 1 to 10, 2010 - Waited impatiently for the IESE results!

Feb 11, 2010 - The day my dream came true - Got accepted to IESE Business school!

Like World cup is to soccer, Wimbledon is to Tennis, an acceptance is to an applicant blog. I waited 12 months for such a post and I can't be happier.

I couldn't have done any of this without the love, support, and encouragement of my parents and my girl friend. I would like to dedicate this admission to them. Amma, Appa and Vrush - this one is for you!

I also want to thank many people who have played an important part in my journey:

Eric Bahn for Beatthegmat
Rocky for all the support
Avi Gordon - MBA Studio and his wonderful book.
Richard Montauk, for his book
ClearAdmit and Accepted for their amazing resources
The entire MBA blogging community
All my readers for their constant support and encouragement.
Alumni and Students of IESE
Nick Vujicic for inspiring me when i was low. (Check this out)
Guy Kawasaki for sharing his knowledge and teaching me a lot.

My apologies for making this post so long. If there is one take-away from my MBA application journey (apart from persistence) that I'd cherish life long is this acquired addiction of Blogging. So I'll be back here soon with another post.

Till then, hang in there and have fun!

Muchas Gracias!



Monday, February 15, 2010

IESE Interview Report.

So folks I decided to write an interview report for the benefit of all the IESE applicants. You can find this report here - Clear Admit's Wiki page or here - Accepted MBA interview database.


Thursday, February 11, 2010

ACCEPTED!!

So i guess this is how it feels to be accepted!! I got into my top choice dream school - IESE Business School!

I'm currently overwhelmed with joy and happiness and at the same time humbled by this offer from a world class business school. I would like to thank the entire blogging community especially Rocky and MBA Bubbles for all their support and encouragement.

I got to make atleast a thousand phone calls and need to prepare for a party (everyone is invited:))! So will update you with more details in the next post (soon).

Peace!

Monday, February 1, 2010

IESE Assessment day - a great taste of the MBA classroom

Last weekend I attended the Assessment day and the Case Presentation event organized by the IESE Business school. Team-work, case-study, fun-learning, and diversity are the words that i can use to describe my experience. Gracias IESE!

I really enjoyed this experience and actually last night I was still dreaming about the events that took place during the weekend. I had a chance to meet and share my thoughts with about 30-35 brilliant applicants from Asia, US, Canada, Europe and Latin America. My biggest take-away from this day was definitely the case presentation and the discussion. For example, I being a non-finance guy was focusing more on the the internal operations of a company (in a case). But being in a room with i-bankers, entrepreneurs, fashion designers, engineers, IT professionals, marketing gurus, and sales experts, and hearing their views just opened my mind to various other aspects of business that i simply lacked knowledge in. I guess this is the beauty of the Case study method. And needless to say, I fell in love with the case method.

Imagine, if in 45 mins if i learnt how to calculate the earnings of the CEO from the Financial income statement of the start-up company or how often did the company pay its suppliers from the Asset and Liability statement, I can only imagine the amount of learning that i will be able to get in 2 years of my MBA. Wow. Also if, in a day i made some good friends from across the globe with people who work in atleast 10 different industries, I'm sure an MBA would definitely give me some life long friends - friends who would play a big part in shaping the dimensions of the future business arena.

Now I'm just crossing my fingers and praying that I get the opportunity to go back to school and do what I really want to do!!

All the best to all the applicants.

AdiĆ³s