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How An MBA Kickstarted My Journey To Become CEO Of An Asset Management Firm

Ashish Dave left his home in India to study at Spain’s IE Business School. The decision launched him onto a new career path toward becoming CEO of an asset management firm

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Mon Jul 17 2023

BusinessBecause
Enrolling in an MBA program is a chance to take a break and prepare for your future by gaining new expertise, connections, and a refreshed outlook on your career.

Many students choose to maximize their MBA experience by studying in a new country. Expanding your cultural awareness and connecting with a diverse set of individuals can open your mind to new opportunities and career paths.

That was certainly the case for Ashish Dave who, in 2011, left his hometown in India and a career in project management to enroll in an MBA in Europe.

Opting to study at IE Business School, one of Spain’s top-ranked institutions located in Madrid, gave Ashish the foundation to embark on a new career path after graduation. Now a decade after leaving the program, he has risen to become CEO of a top asset management firm in India.


From India to Spain: A new cultural immersion 

A native of Mumbai, the densely populated city on India’s west coast famous as the heart of Bollywood and the commercial capital, deciding to study in a new country was a big decision for Ashish.

His previous educational and professional life was centered within the city, deciding to leave would also make Ashish the first member of his family to study outside of India. “This was the first time I stepped out of my comfort zone, staying away from my friends and family,” he explains.

 After choosing to study at IE, Ashish found the initial transition period challenging. Madrid offered an entirely different experience to Mumbai. His MBA cohort was also highly diverse, meaning he had to become accustomed to dealing with people from a broad range of backgrounds.

IE helped to facilitate this during various in-class sessions and group projects, where members of the cohort were placed into teams comprising individuals from different geographical and professional backgrounds.

“The MBA made me culturally sensitive, mindful about how other people’s views have to be factored in while building consensus,” he explains. “IE always made our working groups as diverse as possible so that you constantly worked on these skills.”

The program offers a wide variety of networking opportunities to help students build connections that can prove influential for their careers. This includes company visits, guest lectures, and various scheduled events throughout the year. However, Ashish maintains the most important of these experiences took place in class.

“Even after all these years my classmates are still just one message away if I need their help on a cross-border deal or if I need a business introduction for my portfolio.”


The IE MBA: A formative learning experience 

The IE MBA program teaches a broad array of fundamental business knowledge and skills. Modules cover subjects ranging from finance to marketing, while electives allow you to delve deeper into topics of your choosing.

Developing a well-rounded business acumen provides the foundation for success across various industries. Ashish still relies on the program in his current role: “Even today, there are times when I refer to my MBA case notes while studying a business plan or sector, or while preparing a presentation.

Balancing various responsibilities and opportunities, working hard in-class, and remembering to take time to enjoy life in a new country made the MBA experience highly impactful in shaping Ashish both as a person and a professional.

“Any MBA program is about rigour and discipline,” he says. “This made me more disciplined about work and life, it made me more self-sufficient, it helped me realize the value of time, money, and effort.”


Life after graduation: Becoming a CEO 

Ashish finished in the top 15% of his IE MBA cohort and worked to channel this new-found perspective toward career success when it came to life after graduation.

He returned to India shortly after completing the program. Having focused on his future career path from the very beginning of his studies, he was quickly able to launch a new career in venture capital.

He spent several years working with a number of influential venture capital firms, first in Mumbai and then in Bengaluru—a large city in southern India. In 2018, he joined Mirae Asset Venture Investments, where he spent five years rising through the ranks before reaching his current role as CEO.

The role relies on his business acumen to think strategically, directing the future of the company. He also employs fundamental skills he honed during the MBA, including time management, project leadership, and delegation.

“You do the same work as a CEO as you would do as an analyst,” he says. “I have to hustle every day, I still source deals, talk to companies and partners at peer VC firms, spend time on hiring interviews for my firm or portfolio firms, read research reports and news articles.”

Reflecting on the successful journey he’s undertaken since leaving business school, Ashish feels the MBA placed him on a pathway, but it was up to him to walk along it.

“Any MBA provides equal access and information to everyone, hence the outcome of an MBA program is totally on you and how you leverage it,” he says.

“Do not expect that if you finish the program, you will [automatically] excel in life and your career."

Student Reviews

IE Business School

Student

Verified

8/11/2023

On Campus

My Review

Madrid Is incredible, I've had a fantastic time at IE University. I've had some excellent lecturers overall. They sincerely want the students to flourish and are concerned about developing a personal relationship with them. Having said that, students typically must fulfil their half of the contract by putting in the necessary work and demonstrating a desire to achieve success.

Student

Verified

6/11/2023

On Campus

Coming Master

I spent 1 semester on my Erasmus during my BBA trip. This was the great experience and after that I decode to enroll for the master program there. I must say that the only disappointing fact is connected to distribution of the students. Master students are being connected to the old campus what is not fully fail.

Student

Verified

6/11/2023

On Campus

Former BBA

As the former BBA student I can say that the level of the learning is quite high. In addition the place (IE Tower) is probably one of the most innovative and networking-support place in the Europe. I totally recoupment this Uni for business students.

Rebecca

Verified

5/11/2023

On Campus

International focus

IE university has a global perspective and attracts a highly diverse student body, with students from all over the world. This international environment fosters cross-cultural understanding and prepares students to work in a globalized world. This is same for the faculty members as well, the university's faculty members are from diverse parts of the world and are reputable. they are not only experts in their fields but are also often actively engaged in research and industry. Their practical experience and academic expertise create a stimulating learning environment.

Milena

Verified

31/10/2023

On Campus

Loved it

IE University, in my experience as a student, stands out as an outstanding institution for higher education. Its international perspective is a major strength, evident in the diverse student body that represents a multitude of countries and cultures. Interacting with such a global community has broadened my horizons and deepened my understanding of various subjects, providing a rich and comprehensive educational experience. The quality of the faculty at IE University is exceptional. Many professors bring real-world experience to the classroom, making the learning process more practical and relevant. This approach not only enhances engagement with coursework but also ensures that students are well-prepared for their future careers. The accessibility of professors and their willingness to engage with students personally fosters a collaborative and supportive learning environment. Practical learning is another significant advantage at IE University. The integration of real-world projects, internships, and case studies bridges the gap between theory and practice. This emphasis on hands-on experience equips students with practical skills and industry insights, making them more competitive in the job market. IE University offers a wide range of programs across various fields of study, making it a versatile choice for both undergraduate and postgraduate students. This diversity ensures that individuals can find a program that aligns with their academic and career interests. However, like any institution, IE University has its challenges. The cost of attending can be a major concern for some students, as tuition fees are relatively high. While scholarships and financial aid are available, not all students may qualify for them. This financial aspect is an important consideration, particularly for those with budget limitations. The competitive nature of some courses and programs can create a high-pressure environment. While competition can be motivating for some, it may also lead to stress for others. Maintaining high academic standards can be demanding, and students should strive for a balance between excellence and well-being. The workload can be quite challenging, especially for students undertaking double degrees or heavily involved in extracurricular activities. Effective time management is essential to manage academic demands while maintaining a healthy work-life balance. In conclusion, I would recommend IE University to prospective students with specific considerations. If you value an international perspective, practical learning, and a diverse educational environment, IE University is an excellent choice. However, it's crucial to carefully weigh the tuition costs against the benefits and to be prepared for the competitive nature of some courses. Students should also be ready to handle a demanding workload. IE University has provided me with a rich and globally-focused education, equipping me for a career in an interconnected world. Ultimately, it's important to make an informed decision based on your educational and financial goals, along with a willingness to confront the challenges that may arise.

Jose

Verified

26/10/2023

On Campus

Rather Exciting

As a student at IE University, enrolled in the Business Administration program, I can confidently say that my experience at this institution has been overwhelmingly positive. IE University's innovative approach to education stands out as one of its most remarkable features. The interactive classes and focus on critical thinking, particularly through the use of case studies, have significantly enhanced my ability to apply theoretical knowledge to real-world business scenarios. Additionally, the global perspective at IE University, fostered by the diverse student body and international faculty, has broadened my understanding of global business practices, which is crucial in the field of Business Administration. The university's strong industry connections have proven to be invaluable. These connections provide students with numerous internship opportunities and networking prospects, allowing us to gain practical experience and build professional relationships while still studying. Moreover, the comprehensive career support services offered by IE University, such as resume building, interview preparation, and job placement assistance, have been instrumental in preparing us for the job market. On the flip side, it's important to mention that tuition costs at IE University can be relatively high, which may pose a financial challenge for some students, even though there are scholarships and financial aid options available. Additionally, the programs at IE University can be intensive, demanding a significant time commitment, which might not align with everyone's preferences. In conclusion, I wholeheartedly recommend IE University to individuals considering a degree in Business Administration. The innovative teaching methods, global perspective, strong industry connections, and comprehensive career support make it an excellent choice for those aspiring to enter the world of business. However, prospective students should be aware of the financial considerations and be prepared for the intensive nature of the programs. If you're willing to invest in your education and are dedicated to your studies, IE University offers an exceptional and enriching educational experience in the field of Business Administration.

Tatiana

Verified

22/10/2023

On Campus

A Decent Experience

I've had the privilege of being a student at IE University, where I've been pursuing a degree in arts. My experience at IE University has been highly rewarding and unique. One of the aspects I appreciate the most is the university's strong emphasis on interdisciplinary learning. The opportunity to collaborate with students from diverse fields, including business, technology, and social sciences, has enriched my artistic endeavors. This cross-pollination of ideas has added depth and diversity to my creative work. IE University's international perspective is another significant advantage. The institution's diverse student body and faculty from various corners of the world have broadened my artistic horizons and encouraged me to think more globally. In the field of arts, where cultural influences play a pivotal role, this global outlook has been invaluable. The university also invests in modern resources and technology, providing students with access to cutting-edge software, creative tools, and state-of-the-art facilities. These resources have allowed me to explore new mediums and techniques, pushing the boundaries of my creativity. Furthermore, IE University places a strong emphasis on practical experiences. This practical orientation has given me insights into the professional art world and how to navigate it effectively. Opportunities for internships and collaborations with art institutions have been instrumental in bridging the gap between academic learning and real-world application. On the downside, tuition costs at IE University can be relatively high, which may pose a financial challenge for some prospective students. Additionally, the university's programs are quite intensive, demanding a substantial time commitment and strong time management skills. In conclusion, I would wholeheartedly recommend IE University to students seeking an arts education with an interdisciplinary and global perspective. The institution's innovative resources, practical experiences, and international approach have significantly enriched my artistic journey. Nevertheless, it's crucial to consider the financial aspect and be prepared for the demanding nature of the programs. If you're willing to invest in your arts education and are committed to hard work, IE University offers a truly unique and rewarding artistic experience.

Juan

Verified

18/10/2023

On Campus

A Great Experience

As a student at IE University studying architecture, I have a unique perspective on the institution. Let me share my thoughts on this university: Overall, my experience at IE University has been quite positive. The university's commitment to a holistic education, combined with its innovative approach to learning, has made my time here rewarding. Here are some key aspects I appreciate: Interdisciplinary Approach: IE University places a strong emphasis on interdisciplinary learning. In the field of architecture, this means I've had the opportunity to collaborate with students from various backgrounds, such as engineering, business, and design. It's been enlightening to work on projects that integrate different disciplines, mirroring the real-world scenarios architects often find themselves in. Faculty and Industry Connections: The professors at IE University are experienced professionals in their respective fields, and they bring a wealth of practical knowledge into the classroom. This has greatly enriched my architectural education. Additionally, the university's strong connections with industry professionals and firms provide students with valuable networking opportunities and potential internships. Global Perspective: IE University's international approach to education is a significant advantage. I've had the chance to collaborate with students from all over the world, which has broadened my cultural awareness and global perspective. This is particularly important in architecture, as it's a field where global influences and trends play a significant role. Innovation and Technology: The university's commitment to staying at the forefront of technological advancements is impressive. In architecture, this means access to cutting-edge software, tools, and resources, which have been instrumental in my academic and design work. On the flip side, there are a few aspects that might not suit everyone: Tuition Costs: IE University is a private institution, and as such, tuition can be on the higher side. This might be a challenge for some students, but there are scholarship opportunities and financial aid options available. Intensive Programs: The university's programs are often quite intensive, requiring a significant time commitment. While this can be beneficial for learning, it can also be demanding, so time management skills are crucial. In conclusion, I would certainly recommend IE University to those interested in studying architecture. Its unique approach to education, international perspective, and strong industry connections have enriched my architectural journey. Just keep in mind the financial considerations and be prepared to put in the effort, and you'll find a stimulating and rewarding academic experience at IE University.

Student

Verified

16/09/2023

On Campus

A Global and Innovative Learning Experience

IE University is a dynamic and innovative institution that has gained recognition for its unique approach to education. There are several aspects that make it stand out, and while it may not be the perfect fit for everyone, it certainly has a lot to offer. One of the notable strengths of IE University is its commitment to fostering a global perspective. The university attracts a diverse student body from all over the world, creating a rich multicultural environment. This diversity enriches the classroom experience and prepares students to thrive in an increasingly interconnected world. The emphasis on international exposure through study abroad programs, exchange partnerships, and a global network of alumni further enhances this global outlook. IE University is also known for its focus on entrepreneurship and innovation. The institution places a strong emphasis on practical, real-world learning experiences that encourage students to develop an entrepreneurial mindset. This approach aligns well with the demands of the modern job market, where creativity and adaptability are highly valued. Furthermore, IE University's faculty is often comprised of professionals with extensive industry experience, providing students with valuable insights and connections in their respective fields. The small class sizes enable more personalized attention, fostering a close-knit community and facilitating meaningful interactions between students and professors. However, no university is without its drawbacks, and IE University is no exception. One potential downside is the cost of tuition, which can be relatively high compared to some public institutions. While scholarships and financial aid options are available, this cost may still be a barrier for some prospective students. Another consideration is the intensity of the academic programs. IE University is known for its rigorous curriculum, and students often find themselves facing a demanding workload. While this can be an advantage for those who thrive in a challenging environment, it may not be suitable for individuals seeking a more relaxed college experience. In conclusion, IE University is an excellent choice for students who are looking for a globally oriented, innovative, and academically rigorous education. Its emphasis on entrepreneurship, international exposure, and practical learning experiences can prepare students for success in a competitive job market. However, the high cost of tuition and the demanding nature of the programs should be carefully considered. Ultimately, whether IE University is the right fit depends on the individual's goals and preferences, but for those who are up to the challenge, it can be a rewarding and transformative educational experience.

Paula

Verified

9/01/2024

On Campus

The liquid learning method

I do like my program so much, since it gives me the possibility to develop my own personal skills while building a strong professional cv with plenty of extracurricular material. The amenities are extraordinary and the campus is super professional and convenient for networking!