Hi Guys,
Nice to see an active forum for the S3 admits. I am also quite anxious
regarding the placements, I guess that is echoed very well in this
group. Also the information posted by Balaji in the above post.
I have spoken to Akshat of the second or third batch,some of the
points tht I noted down while conversing with him:
Pros:
1.Placements wise there is no difference for a regular and S3 MBA.
Darshini of this group also mentioned the same point.
2. Experience of studying in three cities is fantastic
Salary:
1. Indian average salaries are pegged at max 15 lacs p.a including
bonus.
2. Singaporean salaries are pegged at around 70-80 grand SGD. Should
only go upwards next year.
Cons:
1. Opportunities are not a problem as per him, but yes he mentioned
internships is an issue. He stressed upon this point.
2. FUDAN and KUBS are not as reputed as NUS. KUBS is better, since it
is the best in Korea.
Hope to get more clarity through this forum regarding the placements.
Also in another post, I read the orientation date is around 2nd
September?
Regards,
Avinash Rao
On Apr 28, 1:06 pm, Balaji Prabhakaran <
balaji.prabhaka...@gmail.com>
wrote:
> Gentlemen, I had written to an acquaintance, who is a Global Director with
> one of the leading Korean chaebols (conglomerates).
>
> I am omitting his personal details because he has requiested anonymity in
> shared communication.
>
> I think his answer makes a lot of sense and is extremely insightful.
>
> Thanks guys.
>
> Cheers!!
>
> B
>
> *Start Quote*
>
> Hi Balaji and sorry for the delay in responding.
>
> Your question is a good one and one that has a complicated answer. Korea is
> in the midst of a transition. This means that while companies here recognize
> the need to internationalize, they still don't know how to proceed. There
> are a lot of similarities between Korea and Japan of 15 years ago. The only
> difference is that whereas many foreigners working in Japan can speak the
> local language, that is still not the case with Korea. And therein lies the
> problem. Korean conglomerates such as LG and Kia are very conservative. They
> are also very nationalistic. If you were to work in a large Korean company
> today, you would be hearing Korean 90 percent of the time. My department has
> 20 people. Only about five speak English well enough to be able to hold a
> decent conversation with a non-Korean. It was different three years ago when
> XXXX *(his firm's name, it is a huge Korean firm, well known in India)* was
> in the midst a big globalization campaign and hiring from abroad but that
> has since changed. Today's XXXX *(his firm's name, it is a huge Korean firm,
> well known in India)* is more internally focused, more interested in
> pursuing a strategy of "Koreanization". This is mostly the result of our
> financial difficulties of the past year -- becoming a global organization is
> a huge investment and current management feels we over-extended ourselves
> before we were actually ready. Hiring from abroad has been frozen and the
> philosophy now is that Koreans know the Korean system best. So that almost
> requires knowledge of the Korean language. We had about a half dozen
> non-Korean executives (VP or higher) up until the end of 2010 but today, I
> know of only one still remaining. While there are plenty of opportunities
> for non-Koreans in XXXX *(his firm's name, it is a huge Korean firm, well
> known in India)* offices all over the world, HQ is 99 percent staffed by
> Koreans or Koreans returning from abroad, many with MBAs and PhDs from
> English-language universities. There are dozens of graduates of Wharton,
> MIT, Stanford and Colombia currently roaming our halls. This is not a
> coincidence, this was a deliberate move on the part of the current
> leadership to recruit Koreans with such backgrounds.
>
> I think this is a very normal cycle in countries where English is not the
> primary language spoken. I saw it when I was living in China and I also saw
> the same trend in Thailand. The organizations most likely to want foreign
> talent are the multinational companies. But even they're transitioning to
> hiring Korean management as their organizations mature and more Koreans
> return from abroad where opportunities are becoming scarcer and scarcer. I
> have spoken to foreigner executives who have worked at Kia, SK and Hyundai
> and I hear the same stories.
>
> So the current mood, frankly, is not advantageous for foreigners. That may
> change when one of more of the following things happen: 1) we run out of
> Korean-speaking skilled workers; 2) companies realize that without
> international employees, they'll never become global organizations; 3) the
> economies in the US and Europe improve to the point that it's more lucrative
> for Koreans to seek opportunities elsewhere. My best estimate is that it
> will take atleast four or five years as these things happen in cycles.
>
> I'm sorry my assessment isn't the answer you may have been hoping for but it
> would not be fair to be anything but honest with you. I am fairly confident
> that the current scenario will change, but I doubt it will be as open as it
> was 4, 5 or 6 years ago.
>
> I hope this is information is informative and useful. Good luck in your
> search.
>
> *End Quote*
> On Tue, Apr 26, 2011 at 11:02 PM, shantanu chandra <
>
>
>
>
>
>
>
>
chandr.shant...@gmail.com> wrote:
> > Thanks Ravi........
>
> > On 27 April 2011 11:05, Ravi Mashalkar <
rmashal...@gmail.com> wrote:
>
> >> I have paid the deposit and have got acknowledgement receipt. Next steps,
> >> as per April Ngern (admission team), would be taken in May.
>
> >> Regarding placement statistics, I haven't yet got any response to my mail
> >> to Wei Ling. However, I could find some information on NUS website though
> >> not sure if it includes S3 students as well.
>
> ...
>
> read more »