<p>(My posting is for international applicants to US MBA programs) This is part One.</p>
<p>I am from Western Europe / top 10 US MBA. This is my way to pay it back to the community that helped me along as an applicant. </p>
<p>About me: Pre-MBA: Startup cofounder / manager at US blue chip in Europe / background in trading with top European bank.
Graduated 2001. Post-MBA: Good jobs with three blue chip US firms, long unemployment times in between, went through the whole work visa BS. Now having my own consulting firm in the US.</p>
<p>A few general observations:
1) 90% of what the glossy b-school brochures say is for Americans, NOY FOR YOU. You are considered a "full payer", because you won't get a US scholarship (but maybe one from home) and pay the full tuition, so they need you (at Berkley in the fincl crisis, they even PUBLICLY announced increasing the % of foreign full payers, causing a nationwide outcry). All this talk about 3 job offers on average, great camaraderie, one-on-one with professors, etc. APPLIES MOSTLY TO AMERICANS.<br>
2) Having gone through all the ups and down of bubble burst 2001, financial crisis 2008, and tons of paperwork and struggle with OPT, H1B, employment Greencard application, half a dozen visits to the home consulate, total 30K in lawyer costs (yes, you need your own – don't rely on the employer's), fear of rejection, 350K in taxes, 100K in tuition etc. I finally won my Greencard IN THE LOTTERY – WTF!!! (started playing 3 yrs before I came here – total waiting time 11 yrs).
3) Out of 85 intls in my program, ONLY 5 MANAGED TO STAY HERE – THE REST HAD TO GO HOME. And I know that at least 2/3rds wanted to stay here.
4) While you will be able to get an internship (if no recession), you will discover in your 2nd year that 90% of job postings are FOR US MBAs ONLY. That includes on-campus recruiting. In a recession, it is 99%. No one hires you on an OPT, at least for something that is a REAL job. And of the 10% above, most are NOT REAL JOBS, either. Top firms that want to hire you will want you to work for their offices in your home country, which is fine if that's your goal.<br>
5) While admissions lets you hype up your previous foreign work experience in essays, interviews, resume etc, NO ONE GIVES A RATS ASS about what you did in Rumania, China, or Brazil once you are here – AMERICANS ARE NOT INTERESTED, and that includes your learning team, classroom, professors, alumni, internship recruiters, and full-time recruiters. If you keep pounding on it in any of these settings, you will come across as an outsider (more than you are already) and awkward.
6) Therefore, if your goal is to stay here, my most important advice for you is GET THE GREENCARD BEFORE YOUR MBA OR AT LEAST AT GRADUATION. How? After all I went through, the ONLY REAL OPTION IS TO GET MARRIED TO A US CITIZEN. Sounds extreme? I have news for you: If you want to make it here as a foreigner, YOU HAVE TO GO TO EXTREMES. You have 2 years to get to know someone, for US people, that's the perfect length of dating. Don’t be too picky, though. There is a reason why someone still isn't married by the time they get into grad school. Esp. women see this as their last chance.
7) Think that immigration reform will conveniently help until you graduate? SORRY, NO. First, it's tweaked to STEM, and you are not. Second, the addtl H1Bs go towards silicon valley needs, and while rare opptys for MBAs at Amazon or Intel will pop up, YOU WILL FIND 1000s OF MBAS FROM PREVIOUS YEARS WAITING FOR THIS OPPORTUNITY who are all hanging in limbo on their OPTs and H1Bs right now. Esp. Indians and Chinese, who get West Coast jobs first. Plus, it is unclear if and when immi reform will go through at all. If the economy picks up, H1Bs will be gone in the first few days of April (as it happened before the fincl crisis), by when you are not ready yet (you graduate in May), plus you will compete with all the tech people who get 90% of them while you are here on the last months of your OPT. The L1 scam (an Indian favorite) is closing fast, too, and rejection of E5 investors is skyrocketing (rich Chinese buying condos and investing in casinos for their spoilt kids in hope of getting the Greencard).
8) Even if you have the Greencard already or get it through marriage, the competition is tense and you are at a disadvantage because you don't speak like an American, don't have the networks, don't think like Americans in terms of connections, and haven't proved yourself yet. Don’t assume that the MBA, the b-school or its alumni can change that much, although many of them will try help you. AGAIN, IF YOU MARRY A US CITIZEN, THIS WILL ALSO PROVIDE YOU WITH THE MUCH NEEDED CULTURAL ASSIMILATION AND LANGUAGE SKILLS and prevent many occasions scratching your head why you didn’t' get the job or promotion and no one telling you openly because that's not what Americans do.
9) I got to know Europeans and Asians from previous years, and even though some of them made nice careers and stayed 10 years or longer, MOST OF THEM RETURNED HOME. I think it goes like this: For 100,000 people who seriously want to come to the US and study, only 10,000 actually get here (I have this from a European exchange student brochure), 1,000 stay here for a few years and get a somewhat good job, and 100 actually make it and become Americans (from my observations). Think about this for a moment -- your chances are 1:1000. At the same time, your chance paying full tuition (100K) and loss of income for 2 years is 100%. That's why going to extremes is necessary as I said before.
10) If you want to get a good degree and return home for a better career, THAT’S A MUCH BETTER IDEA. I had 2 friends that were hired by McK here after graduation and sent back home for a few years ; one of them actually made it back to the US. However, both of them were in high demand by coincident (Chinese and Brazilian), and as we can see with the cooldown of emerging markets, these needs change quickly. If you return home, the MBA should help you greatly IF IT IS FROM A SCHOOL THAT EVERYBODY KNOWS IN YOUR COUNTRY – which means S, H, W, Berkeley, UCLA, Yale (only bec of the movies), and maybe Chicago. NO ONE ABROAD KNOWS TUCK, DARDEN, KELLOG, STERN, etc. and uneducated recruiters will think these are degree mills if you don’t attach the Bus Week ranking each time you apply.</p>
<p>Part Two on next post.</p>