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Mumbai: That the global meltdown triggered by the collapse of top investment banks would have a direct impact on business school placements was predicted by recruitment experts a long time ago. Now, this prediction seems to be coming true.

September-October is the time when the country’s premier management institutes, the Indian Institutes of Management (IIMs), release figures on the pre-placement offers (PPOs) made to their students. The second week of October has ended and yet, the IIMs have maintained silence over their PPO figures.

Pre-placement offers are those that companies make to second-year management students depending on their performance during summer internships. At the IIMs, PPOs are made somewhere around September, six months before the final placements that happen in March. Last year, towards the last week of September, the PPO numbers had peaked at the IIMs, with IIM Ahmedabad (IIM-A) and IIM Bangalore (IIM-B) getting over 70 and 79 such offers, respectively.

At IIM-A, did they know it was coming?

At IIM Lucknow last year, five students received PPOs with an average salary of Rs 1 crore per annum from top investment banks.

After the bloodbath on Wall Street triggered by the US subprime crisis, the scene has changed. We’re well into the middle of October but there has been no official announcement from any of the six IIMs on their pre-placement season. No consolidated figures have been released over the number of PPOs so far. When contacted, the only response that spokespersons of these institutes have to offer is that pre-placements are on and “we will release our official numbers in a few days”.

But recruitment consultants paint a pretty bleak picture for the hiring season at the institutes. Sandeep Chaudhary, business leader (consulting) at human resources firm Hewitt India, said, “There won’t be any crore-plus salaries being offered anymore.”

Rajeev Mehrotra, the country manager of HR solutions company Kelly Services India, added that the offers this time are likely to decline by 8-12 per cent.

The sentiments are not unfounded. Investment banks have been top recruiters at B-schools and now, they themselves are struggling to stay afloat amid the economic crisis that’s unfolding globally. Lehman Brothers became the first casualty and fears of other following are looming large.

IIM-A holds interactive sessions to deal with US crisis

Last year, about 21 per cent of the total offers made during the final placement in March at IIM-B came from investment banks. At IIM-A, the figure was 10.98 per cent of the total offers.

The delay in the PPOs this time reflects the changing metrics due to the global turmoil. However, the mood at the institutes is still optimistic. A placement official at IIM-A said that though there is anxiety lacing the pre-placement season, firms from other sectors such as FMCG and consulting could fill the vacuum created by investment banks that have gone bust.

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Source: http://sify.com/finance/fullstory.php?id=14776397

Priyanka Golikeri

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Source: http://bloggers-best-blog.blogspot.com/2008/10/arindam-chaudhuri-on-why-isb-is-better.html

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It may not directly result in getting them that coveted job from their dream recruiter during the final placements. Nevertheless, students from the premier Indian Institutes of Management (IIMs) are pretty serious about playing a part in the social ventures on campuses.

Take the case of Vista 2008, the annual festival of the Indian Institute of Management-Bangalore (IIM-B), which was held from October 10 to October 12. The student organisers were in for a pleasant shock when the experiment of introducing a social event called Sparsh along with strategy games and quizzes turned out to be a big hit on the campus.

Sparsh is a real-time strategy test, where teams were introduced to NGOs and their problem areas. For three days, the teams were expected to study these problems and draft practical recommendations on how they could overcome them. The winners were the teams whose recommendations were deemed practical and were implemented by the NGOs.

“The response was unexpected. Nearly 40 teams, comprising students from Indian and international business schools fought their way to enter the finals. Next year, we will plan the event on a grander scale,” said Krishna Chaitanya, one of the student organisers of Vista.

IIM Ahmedabad also linked its way to social upliftment through Prayaas, an NGO founded by its students. The NGO imparts education to children of construction workers and those from nearby slums. This year 17 children from Prayas have been admitted to a private main-stream school and more are likely to be added next year. The Forum for Industry Interaction (FII) team of IIM Ahmedabad 2007-08 batch is also learnt to have made a financial contribution to the NGO.

Not satisfied with contributions from the campus, there are some like Aditya Kumar from IIM Calcutta who undertook his summer internship in February this year with Solace, an NGO in Assam.

Aditya’s dream is to work towards the eradication of rural distress, illiteracy and child labour. His counterpart at IIM Indore, Maninder Singh Mann, has started a portal called unite4action which tries to bridge the resource gap in social sector, and caters to those professionals and students who feel like contributing to society, but do not know how.

Apart from a sense of satisfaction, most students who participate in social events feel that the exposure teaches them management lessons that books and lectures do not. They also point out to the fact that such events add up brownie points for them during interviews with potential recruiters.

“We use our expertise to aid companies or NGOs without the resources to hire professional consultants. Along with valuable consulting experience, it also makes a good CV point for us,” said Kaushik Saha, from IIM Calcutta. Saha is part of the Initiative for Community Action, a student-managed free management consultancy service to voluntary organisations and and social work groups.

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Source: http://www.business-standard.com/india/storypage.php?autono=337185

Archana M Prasanna

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At Lucknow Campus:

Post Graduate Diploma in Management (PGDM)
PGDM – Retail Management
PGDM – Financial Services
PGDM – Part Time (3 Years)

At Noida Campus:

PGDM
PGDM (Services)
PGDM (Marketing)

At Jaipur Campus:

PGDM
PGDM (Retail)

Eligibility: The Programme is targeted at individuals with high potential for success in business and industry. Such individuals must have successfully completed a Bachelor’s degree or equivalent (under 10+2+3 system) with at least 50% aggregate marks or equivalent CGPA in any discipline from a University recognized by Association of Indian Universities / AICTE.

Candidates appearing in the final year of their bachelor’s degree are also eligible, provided they complete all formalities of their examination before June 30, 2009. Such candidates, on selection, will be allowed to join the programme provisionally only. The deadline for submission of mark sheet and the certificate is October 1 , 2009. Non-fulfillment of this condition will automatically result in cancellation of the provisional admission.

Application procedure: The Institute’s brochure and application form can be obtained:
• By cash payment of Rs. 1000/- from the institute
• By post (enclosing demand draft for Rs.1050/- drawn in favour of Jaipuria Institute of Management, payable at Lucknow or Noida or Jaipur

• By download from www.jiml.ac.in or www.jimnoida.ac.in or www.jimj.ac.in and submit the same with a DD of Rs. 1000/- drawn in favour of Jaipuria Institute of Management, payable at Lucknow or Noida or Jaipur.

10% of the total seats are reserved for Company sponsored. However, they are required to appear in CAT.

• The candidates have to apply to Jaipuria Institute of Management by filling a separate application form, specifying CAT Registration No. along with Centre Code..
Email : admissions@jiml.ac.in, admissions@jimj.ac.in, admissions@jimnoida.ac.in
Further details can be taken from: Tel: 0120 2403379– 81 / 0141-2771330-33 / 0522 – 2394296 – 7

Website: www.jiml.ac.in or www.jimnoida.ac.in or www.jimj.ac.in
Address:
Lucknow Campus: Vineet Khand, Gomti Nagar, Lucknow – 226010 (U.P.)
Noida Campus: A-32A, Sector 62, NOIDA 201301
Jaipur Campus: 1, Bambala Institutional Area, Pratap Nagar, Sanganer, Jaipur- 302 033
( Rajasthan )

Last date of submission of Forms: 10th December, 2008

Last date of Issue of application form : 6th December, 2008

Selection Process : The criteria for final selection are based on scores in CAT, Group Discussion and Personal Interview. The evaluation for GD is based on English communication, team work, awareness, analysis & synthesis. The assessment for personal interview is based on subject knowledge and personality. Credit is also, given to the past academic achievements and work experience of the candidate. The admission offers are made on pure merit. The merit list is prepared for candidates who have qualified in the GD and Personal Interview, obtaining at least 40% marks. The rank of the student in the admission merit list is obtained by giving weights of 70%, 10% and 20% to the CAT, GD and Personal Interview scores respectively. Successful candidates will be informed of their final selection by speed post. The selected candidates must pay their first installment of fees within the stipulated time mentioned in the admission offer letter.

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Source: http://examalert.blogspot.com/2008/10/jaipuria-institute-of-management.html

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Introduction:

The Master of Business Administration (MBA) Degree encompasses a wide variety of disciplines within the business field. It is generally persuaded by someone who is looking to expand their knowledge and career. An MBA Degree with Finance focuses on the financial and accounting aspects of the business world. The coursework for this degree includes: statistical analysis, Principles of Finance, Capital Markets, Financial Institutions Management, Managerial Finance, Investment Finance, International Economics & Finance, corporate financing, portfolio analysis, and financial planning.

Overview of MBA Degree in Finance:

The Finance specialty within the MBA program specializes in the financial aspects of business. Students who earn an MBA in Finance will receive advanced training within company finances that will allow the student to move into a management or supervisory role. The MBA in Finance Degree provides the knowledge a student would need to become a company financial officer, manager, and accountant or work with investment portfolios and manage money for individuals.

Career Possibilities for an MBA in Finance Degree:

Some of the careers a student with an MBA in Finance Degree may pursue include:
* Financial Manager
* Financial Analyst
* Personal or Corporate Accountant
* Corporate Financial Advisor
* Portfolio Manager
* Financial Auditor
* International or Domestic Banker

The location and the size of the company, along with responsibility level, can affect the salary of a student with an MBA in Finance. According to the U.S. Department of Labor, a student who manages to climb the corporate ladder high enough to become a CFO can earn a yearly salary of $130,000!
A student who decides to become a personal or corporate accountant can earn a yearly salary of $50,770!
An auditor can earn a salary that is similar to that of an accountant.
In the corporate world, financial managers usually earn a yearly salary of approximately $81,880!
The growth outlook for a student who earns an MBA degree is very good, especially if that student has a desire to move into management. An MBA in Finance Degree is also in high demand as there is a need for qualified financial advisors, accountants and managers. Accurate bookkeeping has become more important in recent years, and qualified employees who can manage a corporate financial department are in high demand that seems to be increasing. Those employees who have the advanced training of an MBA in Finance are more likely to move into management or supervisory roles that those without them.

Financing a Business:

The financing of a business is a relatively straightforward process, if you are aware of what lenders are looking for and generally what they will and will not do. The will be looking at your credit, your experience and the sort of down payment you have and information about what sort of note the seller is willing to take back when selling you the business.

Once you decide on the business you want, a business plan on the business is essential before approaching a lender. They will want to see that you have some familiarity with the industry of the business and that you have some sort of management experience. Information on the availability of management and executives in the business that is going to stay after you buy it and so on should be included in this business plan. Also information on the training that the seller is committing to pass on with the sales of the business should be in this business plan.

If you handle these basics really well, it should be a relatively easy process to getting qualified for the funds to finance a business.

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Source: http://www.ArticlePros.com/author.php?Kolin Harry

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The B-school brigade has taken to blogs to voice their opinion and reach out to others.

Students and teachers in the city institutes now prefer to post their thoughts online to bringing out wall magazines. Even administrators are using the tech tool to add to the information on the official website.

While blogs like that of Globsyn Business School are maintained by the institutes themselves, most are unofficial platforms for students, whose links are provided on the main website.

“Blogs are an informal and more democratic way of getting feedback from students about the institute, method of teaching and the faculty,” said Sudipa Banerjee, a senior lecturer at the Indian Institute of Social Welfare and Business Management (IISWBM), the oldest B-school in the country.

One can access the IISWBM blog, which is “unofficial”, from the official website. The posts provide the latest campus news — from the launch of an alumni website to reports on the institute in the media. The NSHM blog also provides information on the launch of courses or departments.

Students can be candid in their posts because they don’t need to reveal their identity.

“Blogs have become an important tool in the corporate world. Even CEOs of companies write blogs. It can be a two-way communication tool between the students and authorities,” said Banerjee.

“MBA aspirants can go through a B-school’s blog to get a feel of the institute. The official website generally does not provide such information,” she added.

Recruiters, too, go through institute blogs to decide whether to recruit from the campus or not.

The Globsyn Business School blog, maintained by the institute, has an “ask BDG” section where students can pose question to director Bikram Dasgupta.

The blog, with posts from experts in various fields, promotes collaborative learning. There are sections for different specialisations, where professors and experts upload posts on development in their respective fields. For example, a recent post on the finance blog by professors and the institute’s knowledge team explains the US financial crisis.

“It is not easy for us to read books about all the different functions for basic knowledge, so we log on to domain blogs for information,” said Sayantani Mitra, a second-year human resource management student at the B-school.

She and her classmates also write on projects and industry visits.

“The idea is to give students a holistic idea about management. Students can prepare for the day’s classes by going through the blogs,” said Romit Dasgupta, the director of technology of Globsyn Technologies.

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Source: http://news.mbanetwork.in/mbanews/blog-the-b-school-way/