The very first school outside the USA to top FT’s global MBA rankings, INSEAD full time MBA program, is one of the well-designed short-term world-wide MBA programs. INSEAD boost of 3 fully-integrated campuses in Europe (Paris, France), Asia (Singapore) & Middle-East (Abu Dhabi) with over 90 nationalities & 30% Women in its classroom from all around the world. INSEAD is the top 3 provider of MBA female talent in the world. Ranked #2 by the Financial Times in 2018, INSEAD full time MBA program is a 10-month program divided into five periods of 8 weeks each. Each period ends with an examination & a short break.
Insead’s class of 2020 consisted of 1008 students from 88 Nation (mostly from Europe & Asia-Pacific) in 2 intakes (one each in January & September). In the article, we shall let you know every information regarding INSEAD full time MBA program to give you better clarity.
Course Curriculum
A 10-month program divided into five periods of 8 weeks each, Insead’s curriculum is one of the best curricula globally. The first 2-3 period consists of Insead’s 13 core courses. Some of them are Financial Accounting, Organizational Behavior, Managerial Accounting, Corporate Financial Policy, Business Ethics & Public policy, Macroeconomics, etc. The rest of the periods are full of electives. There’s an average of 90 electives that a student can choose from the diverse areas in Accounting, Finance, Marketing, Economics, Political science, Strategy, etc.
Insead’s faculty consists of world-class researchers coming from many countries. The faculties have been given all the freedom to adapt to their unique teaching style. Apart from the core & elective courses, there are various other programs & field trips that an Insead MBA graduate can participate in.
One of the most famous among them is the ‘Personal Leadership Development Programme’ (PLDP), where students train to become a responsible leader through personalized coaching, interpersonal skills, & effective communication. Moreover, elective courses such as ‘Building business in China’ or ‘Building business in Silicon Valley’ are some examples of the field trips that allow students to discover the global market & gain global experiences.
Eligibility & Entry Requirements
According to Insead’s official website, they look for applicants who are mature, energetic, highly motivated, well-rounded, and possess strong communication and interpersonal skills.
Let’s get started on the admissions criteria stepwise:
- Bachelors in any discipline:
There’s no minimum cutoff for your class 12th result or GPA. The candidate must only hold a bachelor’s degree from a recognized college or university.
(many a time, under exceptional cases, even an undergraduate degree is not mandatory if the candidate possesses a strong career record & high GMAT score.)
- Work Experience:
There’s no minimum work experience required to enter the INSEAD full time MBA program. However, the average work experience of Insead’s class profile stands at 6-years.
- GMAT/GRE score
INSEAD accept both GMAT & GRE score for admissions. Although there are no minimum score requirements, INSEAD advises candidates to aim for a 70-75 percentile for both quantitative and verbal sections, and a score of 6 or above for integrated reasoning in GMAT. The average GMAT score of the class generally stands around 710. For GRE, candidates are advised to score above 80% for both quantitative & verbal sections.
- Language Policy
Unlike other business schools, INSEAD has a unique Language policy. If you have English as your native language, you need to provide intermediate-level ability in one other official language. If you are a non-native English speaker, you need to take the English Proficiency Tests (such as IELTS, TOEFL, or PTE). Apart from these two, there’s a mandatory requirement of a basic-level ability in a third language (referred to as ‘exit language’) to graduate from INSEAD full time MBA program.
Known for its great ROI, investing in the INSEAD full time MBA program can be the wisest decision a candidate can make. The tuition fee for its 10-month program comes around €87,000 (that’s above 70 lakhs INR), which can be paid in installments. The tuition fee consists of course materials, Exit language tuition and testing fees, student council fees, printing & health insurance, and on-campus information technology services. Other than this, your living expenses for a moderate lifestyle can cost you another €30,000 (that’s 25+ Lake in Indian rupees)
Over the last 3-years, INSEAD has doubled its scholarship fund. In 2019, a total of $5.7M was distributed among the graduates. The average scholarship amount was €18,700, and around 30% of students benefited from this. Other than this, 15% of the students received company sponsorship, and 24% of students received a loan from Prodigy Finance (an initiative started by INSEAD Alumnus). There are more than 100 types of scholarships a candidate can avail of to study the INSEAD full time MBA program.
The scholarship is provided based on two criteria.
- According to the financial need.
- Based on merit/nationality/gender & professional background.
Right from your admission, the Career Development team organizes several activities to train you to develop yourself. Various webinars, workshops, training, panel discussions, & counseling sessions are hosted regularly by the career development team to help you get ready for the placements ahead. Last year, the median package received by an INSEAD MBA graduate was $104,500, with a median sign-on bonus of $25,000. More than 300 companies recruited INSEAD graduates in 61 countries.
Some of the top recruiting companies were as follows:
Bain & Company
Boston Consulting Group
McKinsey & Company
Credit Suisse
Goldman Sachs
Amazon
Microsoft
Uber
The top three recruiting industry was:
Management consulting (35%)
Technology, Media & Telecommunications (18%)
Financial Services (11%)
Admission into INSEAD full time MBA program is subjected to your personal & professional experience, leadership potential, & international motivation. International motivation includes evidence of working or studying in an international environment, knowledge of a foreign language, working for a multinational company, etc.
Following are the pointwise details on Admission Process:
- Online Application
Including
-Transcripts
-GMAT/GRE score
-English proficiency tests (IELTS/TOEFL/PTE)
-Two letters of recommendation— one from current supervisor and second from someone who has worked with you & can evaluate you in a professional setting.
-Resume
-Recorded video interview upon submission of the application form.
-Application fee of $300.
- Post online application:
After submitting your online application, you will be informed by the admissions committee if you’ve been selected for the interview or not. Following this, your interview will be conducted by INSEAD alumni, preferably in your home country. In the majority of the cases, two separate interviews are required.
After the interview, your interviewer will send the feedback to the admissions office, where your application will be re-evaluated by the admissions committee and a final decision will be made whether to accept or reject your application. The entire admission process may take up to 10 weeks.
Video Interview Tips & Details:
Following your submission of your online application, you’ll receive an email notification within an hour from Kira Talent to complete four video interviews. There is a total of 4 questions in the interview that generally vary from one applicant to another. Before appearing for the video interview, you can prepare yourself by appearing for the practice session to feel more confident & comfortable.
The admission committee encourages authenticity & genuineness while answering the questions. INSEAD video interview is one of the most critical elements of your evaluation process. You have a chance to share who you are & what all passions you do carry. So make the most out of this opportunity.
INSEAD’s full time MBA program is widely popular around the globe. With an influential alumni network comprising of 58,000 in more than 170 countries, INSEAD is a business school of global choice. The competition might be tough to get into this program, but where there’s a will, there is a way.
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