[讨论]有没有申请Insead08年秋季入学的？

thjessica

hi all,

i am a big fan of INSEAD, but i just heard that all the loan programmes for chinese students are gone this year. this is a horrible news to me. do you guys have any information on that?

thanks so much.

inseadsh

以下是引用thjessica在2007-9-16 16:22:00的发言：

hi all,

i am a big fan of INSEAD, but i just heard that all the loan programmes for chinese students are gone this year. this is a horrible news to me. do you guys have any information on that?

thanks so much.

What do you mean loan programmes?

inseadsh

simba, thanks for sharing. I agree with you that the working hours for both consultants and bankers vary based on the nature of projects. Are you a member of insead alumni?

By the way, I'm also seeing a trend of shorter projects for consultants over the years, which means they have to devour new info and knowledge from some industry they've never been in before in a very short period of time. This is truly challenging. Nnm, be prepared if you really want 2 be a consultant.

nnm

以下是引用inseadsh在2007-9-16 18:13:00的发言：

simba, thanks for sharing. I agree with you that the working hours for both consultants and bankers vary based on the nature of projects. Are you a member of insead alumni?

By the way, I'm also seeing a trend of shorter projects for consultants over the years, which means they have to devour new info and knowledge from some industry they've never been in before in a very short period of time. This is truly challenging. Nnm, be prepared if you really want 2 be a consultant.

as i said, i care more about the hours

simbasl

60 hours?

Hey, nnm, did you talk about this issue in any of your discussion with your potential employer (I believe you've talked to some Bain partner, right)?  If so, what's the answer you get?

 

simbasl

First of all, different offices do share similar core values but in terms of working hours, it still might differ.

Based on what I know, the Australian office and European offices (say London), in avearge, works less hours compared to China offices.  This partially because of the overal working environment is not that stressful.

What's a balanced life?  The answer is quite subjective.  Working hour is one factor, but don't forget other factors, such as stress.

I used to work on a project for 6 weeks - no weekends, 10am to 2/3 am, Mon to Sun (well, I can get to the office a bit late, say 12pm on weekends).  When that project is over, I regard taking one day off for every week as a balanced life.  In my third yr in consulting firm, my life is somewhat balanced - 9:30am to 11pm (lunch: order in; dinner: in the restaurant), 0.5-1 day working over the weekend.  But I feel even more stressful - the juniors are looking into you to give instructions/advice; the boss is epxecting you to take full responsibility of the module; the client is always so demanding; the B-School application package is not something that you can always postponed to next year...

Having said that, I do believe the training/experience I gained from consulting is qutie rewarding and the life is still OK.  To spend 2-3 years in this industry is definitely worthwhile.

Back to your question, if you set 60 hours as an uplimit, I would say you may be able to manage that after 6 months.  In the first 6 months, you are a "freshman" to consulting and there're too much things you need to pick up.  After that, if you are good at time management, you can achieve it.  But from time to time, esp during the deliverable week, you don't expect to spend less than 60 hours on working.

One of the reason for you to get different info from different insiders is that differnt ppl might have different deal exposure.  That's quite natural.  One example is that most of the ppl would quote RB as an exception but I do have a friend, who spend 4 yrs there with a quite balanced life and is well paid.

By the way, the guy from MCK Shanghai is now in Insead?  I am just curious if somebody gets offer from IB/PE (esp. the latter), what makes him prefer to stay in consulting.  By the way, IBs generally don't recruit consultants - this makes me even confusing.

simbasl

以下是引用inseadsh在2007-9-16 18:13:00的发言：

simba, thanks for sharing. I agree with you that the working hours for both consultants and bankers vary based on the nature of projects. Are you a member of insead alumni?

By the way, I'm also seeing a trend of shorter projects for consultants over the years, which means they have to devour new info and knowledge from some industry they've never been in before in a very short period of time. This is truly challenging. Nnm, be prepared if you really want 2 be a consultant.

hey, inseadsh, simbasl is my nick here.  Simba used to be my English name in Univ but I now use another one - Leo.

I am a fan of Insead and I have quite some friends who are Insead graduates.  I meant to apply for Jan08 intake but things changed a little bit and I don't think I would apply in any time soon.  Hey, do you mind send me your MSN so we can chat offline?

simbasl

It's booming market, ex-consultant and ex-banker should find it easy to land a job.  For ppl with other backgrounds, it's also a great opp to break into the two.  Well, service industry typically benefit quite a lot in economic upcycle.

nnm, agree with most of your comments except for your perception for PE.  PE works less than, or at the most the same as, consulting. The pay is higher, or at the least the same as, consulting (well, in a booming market IB can easily beat PE in the first few years as the bonus is quite lucrative in the former while it's not yet the harvest season for PE - no carried interest until successfully exit from the investment).  In terms of stress level, yes, we do have to worry quite a lot of tedious things when analyzing an investment opportunity at PE, but as long as you are working with the right boss and the right team, the stress level is still quite tolerable - and again, I would say it's less than the stress in consulting.

About your comment on IB vs. Consulting.  I would say from my own experience, ppl in consulting is more interesting than ppl in banking - the style is just different.  If the compensation is the same, I surely would prefer consulting.  However, sometimes, esp. in booming market, the difference might be quite huge.  -  even you divided the figure by the respective working hours

Anyway, $ is not the only thing we pursue.  Making decent money to support a decent and balanced life is something sounds more attractive than making huge money with a miserable life.

nnm

以下是引用simbasl在2007-9-18 1:13:00的发言：

It's booming market, ex-consultant and ex-banker should find it easy to land a job.  For ppl with other backgrounds, it's also a great opp to break into the two.  Well, service industry typically benefit quite a lot in economic upcycle.

nnm, agree with most of your comments except for your perception for PE.  PE works less than, or at the most the same as, consulting. The pay is higher, or at the least the same as, consulting (well, in a booming market IB can easily beat PE in the first few years as the bonus is quite lucrative in the former while it's not yet the harvest season for PE - no carried interest until successfully exit from the investment).  In terms of stress level, yes, we do have to worry quite a lot of tedious things when analyzing an investment opportunity at PE, but as long as you are working with the right boss and the right team, the stress level is still quite tolerable - and again, I would say it's less than the stress in consulting.

About your comment on IB vs. Consulting.  I would say from my own experience, ppl in consulting is more interesting than ppl in banking - the style is just different.  If the compensation is the same, I surely would prefer consulting.  However, sometimes, esp. in booming market, the difference might be quite huge.  -  even you divided the figure by the respective working hours

Anyway, $ is not the only thing we pursue.  Making decent money to support a decent and balanced life is something sounds more attractive than making huge money with a miserable life.

yeah, that's my point. I like working with interesting ppl. I prefer life rather than money.

btw, regarding PE, we chinese ppl in singapore(about 10 including 2 intakes) were invited by a partner of a PE this Friday. It side-supports your comment about the PE markets in China.   as you know, PE rarely recruit in b-schools directly. 

inseadsh

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