will finance course help in getting thru GMAT?

Dr_kumar · 07-09-2007

HI Devang,

I am a 26 yr old Doctor and have decided for a career shift, planning to give GMAT next yr (2008 APRIL) and go for a MBA in Finance from ISB/singapore(2009). I have only clinical work ex of working as a doctor for 3 yrs. i have a few Qs.

1. will a short 1 yr PGdiploma course in finance by correspondence help me in getting - A) a job in something related to finance which will help boost my CV for getting admission in MBA thru GMAT. this job i will do for 6 months-1yr bfore joining the MBA program B) will it help me in my MBA program as i will already know the finance basics. C) Will it help my CV for MBA even if i dont get a job.

2. from where should i do the correspondence course in finance. money limit upto 25000/, time limit 1 yr.

thanks a lot

devang · 07-09-2007

Hi

my 2 cents

i) you might be require to convince admission committee about why you want to shift from medical to management after spending considerable time & money??

ii) regarding part time course, it might give you some idea about finance but is not very useful in the sense majority of ppl who join MBA, dont have a clue about finance so the course structure takes care of that. So there is nothing extra ordinary advantage there.

iii) other point is advantage in jon during placements, I think again your performance at ISB/ or Singapore will matter more than some part time course

hence i dont think you really need a part time course. however if you want to do some refresher you can go for finance for non finance executives which is offered by all IIMs as part of their MDP programme.

CoolAvenues GMAT Help · 07-11-2007

Hi,

Diversity is good, and with your medical qualification, you are a rare breed for any top ranked business school. Suffice to say that so long as you have a convincing story for the admissions committee, you should do well in the selection process.

The key is that you don't necessarily have to convince them about a career change from the medical profession altogether. You may just as well be seeking a change from a doctor's role to one of managing medical facilities or even a consultant in the healthcare space. Besides, in case you so choose, there are specialist courses available at certain universities like Duke.

I don't see any merit in doing any finance course especially if you want it to enhance your prospects of admission and/or a job. What I would suggest though is to take a crash course in basic accounting and another in statistics from a tutor who would typically be teaching 11th and 12th grade students. And yes, these will cost you far less than 25,000 all put together.

Hope this helps.

Regards,

Atul Monga

Anu Veluri · 07-14-2007

Hi Kumar, could you pls be specific about the reasons for a shift in career? Or is it that you want to carve a niche as a Specialist in the burgeoning Corporate Hospital business?? The latter sounds judicious, coz it's what GMAT and the consequent selection procedures all about. Perhaps your specialization in matters pertaining to the nitty gritties of the corporate hospitals' businesses would give you an awesome career path, but shifting your focus altogether, i'm afraid will place you in a rather stressful situation. So prioritize and set your goals in harmony with your specialization. Just a piece of friendly advice..

.

Regds,
Anu