A 6 minute read

Akshay Jogani – Left a high-paying Private Equity job to pursue his MBA from ISB

Akshay Jogani, an investment professional with nearly 5 years of work experience left his high paying PE job to pursue an MBA from ISB. He is the 2019 batch alumnus of ISB. In this article, Prashant from ISBmantra interviews him to learn more about why he made this decision and what does he intend to derive out of this career move.

ISB career change Akshay

ISBmantra: Please give us a brief about your profile before joining ISB

Akshay Jogani: I completed my under-graduation in 2013. During my engineering, I figured that business and finance interested me well.  So, I decided to take up a non-engineering job post my undergrad and joined Tresvista Financial Services.

Tresvista provides advisory services for private equity firms across the globe. I worked for a little less than a year here and learned the basics of finance. I then moved to Rothschild, a global investment bank, and worked for a couple of years working on M&As and IPOs in Telecom, Media and Technology sectors.

During this time, I learned the basics of business and investing. Next, I moved from Rothschild to Multiples Alternate Asset Management, an India-focused private equity fund. At Multiples, I worked across consumer, healthcare, technology and financial services sectors and invested in various companies.

During this time I chose ISB to pursue my MBA. As a first step, I took the GMAT and scored a 730.

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Learn what is a good GMAT score for ISB

Akshay’s reasons for pursuing an MBA despite a high paying PE job

ISBmantra: Why did you consider the option of pursuing an MBA, despite your high paying PE job?

Akshay Jogani: While I was working across multiple sectors and investing in various companies, I certainly did learn the basics of business and finance. But there were many finer aspects that I didn’t know, such as

  • How to think about lean operations
  • Performance marketing
  • How to evaluate a well-built organization, and
  • How to evaluate a management team’s abilities.

So, I thought that learning these aspects of business in a formal manner would be very beneficial. That’s when I decided that I must go for an MBA program.

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ISBmantra: What schools did you consider for your MBA and how did you zero in on ISB?

Akshay Jogani: Once I figured that going to a business school was a good idea, I contemplated which geography I wanted to be in. When I benchmarked different countries I could be in, India was evidently the best from a growth point of view.

So, I started to look for schools that I could potentially apply to, and ISB turned out to be a natural choice because of its location, the world-class education that ISB provides and the access to an unparalleled cohort. Every student has some years of work experience and thus knows some aspects of business. Therefore, I zeroed in on ISB.

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Akshay’s unique learnings at ISB

ISBmantra: What are some of the unique learnings you gained from ISB that you wouldn’t have on the job?

Akshay Jogani: At ISB, I think that I learned business from all aspects, including finance. As I am basically an engineer who later turned out to be a finance aficionado, I didn’t have a formal education in finance. The very exposure to a structured curriculum in finance helped me a lot.

Understanding the concepts that I had applied during my job at a theoretical level helped me better understand the subject as a whole.

Next, the quality of discussions that happen in class and outside too were very enriching, since the cohort has a diverse experience of working across sectors and functions.

Further, taking up the role of the President of the Finance club also added a lot of value. I learned a lot while managing a team of 8 core members & 150 club members and hosting about 25 events during the entire academic year.

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Career transformation from Finance to Consulting and ISB’s role in it

ISBmantra: Did ISB help facilitate a career path as exciting as you had planned when you joined the school? What specific platforms/opportunities did you find the most relevant?

Akshay Jogani: When I joined the school, I honestly wasn’t very sure if I would get back to the PE industry or work in some other industry. So with some efforts over the first 3 terms, I realized that consulting would be a good area to go to because of the potential exposure I would get in terms of strategies and operations of a business.

I think ISB is a great platform because one can move from any function to consulting at ISB. Having said that, it is equally important how determined you are and how much you persevere.

ISBmantra: There is always some amount of risk associated with leaving a well-paying job. How did you assess your situation and balance the risk?

ISB LEK consulting

Akshay Jogani: The best part about having a well-paying job is that it instilled a sense of confidence in me that I could again find the right job post-ISB. Also, I was fairly confident of securing a job on my own because I have a good network in the industry by virtue of my past experience and the fact that I had worked on some marquee deals.

Talking to alumni, I was also confident that an MBA from ISB would further brighten my chances of securing a senior role. I am glad that it finally worked out really well and I was able to secure a Consulting role with LEK Consulting.

What makes ISB the best Indian business school for Consulting. Learn in this article

Akshay’s advice to ISB aspirants

ISBmantra: Several candidates apply to ISB expecting that their salary will double post MBA. What would you advice to such candidates? 

Akshay Jogani: I think that doubling salary shouldn’t be the opening objective of any student, irrespective of the business school. Instead, learning, experiencing activities never done before, networking with a high-quality cohort, etc. should be why one should join ISB or any other business school.

ISB Job Role vs Salary

One can expect a multifold increase in their salaries, but in 3-4 years every one tends to equalize in terms of salary, generally speaking. That’s why walking into a business school with the intent of doubling the salary is certainly not advisable because one could double their salary but still not get a role of their choice.

And making career decisions purely based on salary (and ignoring the role) can jeopardize one’s career growth soon enough.

So, I would strongly encourage candidates to come to ISB with an open mind, with an objective to learn, to explore, to build a strong network and to transform – both personally and professionally – for long term benefits!

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About the author

Prashant_Tibrewal_US_News_Business_School_Rankings_2020_Analysis

Prashant Tibrewal is the founder of ISBmantra and has mentored 1000+ MBA aspirants to get into their dream schools. As the only consulting company with Former ISB Admissions Officers on Board, ISBmantra boasts a success rate of over 80% with its ISB applicants. You may send your details to info@isbmantra.com for a free profile evaluation.

REGISTER HERE to meet ISBmantra at The MBA Tour in Delhi, Mumbai, Bangalore and Hyderabad, along with top schools like Columbia, Rotman, UCLA, ISB, etc. 

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