Archive for October 21st, 2008

Global meltdown eases IT’s effort to grip IIM grads – www.tenaday.in

October 21, 2008

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Bangalore: The global meltdown of the financial institutions are proving advantageous for the IT firms as India’s elite class of B-schools, the Indian Institute of Management (IIM) are fervently exploring employment opportunities in this field. Infact, the companies shall be given the Day 1 slot for recruitment, once the placement scene kicks off.

One of the HR of a reputed IT firm said, “The last couple of years we have hardly recruited anybody from the senior IIMs because by the time we got to them, there were hardly any good candidates left. On day zero and one itself the cream of the crop would have been picked by i-bankers and consultants.” However, with the continuous crash downs in the banking sector, the institutes are depending on the IT firms which till date have given the secondary preference to the sector. The rates of contacting the companies have also increased, for instance IIM Calcutta (IIM-C) contacting 22 firms for the upcoming placements in November as compared to 12 firms participating last year. The list of those contacted includes Google, Amazon, Infosys, Wipro, Cognizant, Tech Mahindra, TCS and IBM. Even IIM-Bangalore (IIM-B) has contacted around 15 firms while last year it was between 5 and 10.

However, the management institutes deny any such reason for their new choice of employments. “The endeavor of IIM-C has always been to offer the widest possible choice to the students and help them to make an informed choice of careers,” says Krishnan Sekar, External Relations Secretary, IIM-C. Moreover, the institutes also claims that the IT firms have always been welcomed in the campuses during placements. Even IIM-Bangalore (IIM-B) said that the increase in the approaches is the result of increase in the batch size. They maintained that the investment banking and consulting firms have confirmed their visit though the pay package, which usually turns to be in eight figures, may see a decline.

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Source: http://www.siliconindia.com/shownews/47903

65 defence officers on ‘Mission MBA’ join IIM – www.tenaday.in

October 21, 2008

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LUCKNOW: Contrary to the reports that armed forces are a bit ‘harsh’ on its lady officers, these young women in olive believe that army is the best place to work “Nothing is perfect in this world. So you may also find some shortcomings here and there in armed forces as well. But if you ask my personal opinion, army is the best career option available. In fact, given an opportunity, I would like to continue with my services in army,” said Squadron Leader Abhilasha Bisht, who has served air force for 10 years under short service commission.

Abhilasha is one of the 65 defence officers who arrived at the Indian Institute of Management (IIM) Lucknow on Monday for ‘Mission MBA’ to prepare themselves for a different battlefield – a career in corporate world.

Started at the initiative of directorate resettlement, ministry of defence, the two years business administration post graduate programme (PGP) has been encapsulated by IIM-Lucknow experts into a six months MBA certificate programme which will equip officers with qualifications they would need for their second career.

Drawn from various divisions of the armed forces, the contingent which has enrolled itself for the course includes 21 lady officers. This is the fifth such programme IIM-Lucknow is hosting for defence officers. Most officers who have joined the course are from short service commission and are due to retire soon.

Like Abhilasha, Wing Commander Smriti Sharma also feels that working in army is the best experience in the world. “Since we cannot continue further in armed forces, we chose this MBA programme to make way for our second career,” she said.

Expressing similar sentiments, Wing Commander Anupma said, “Most of us have lived as civilians before joining armed forces, therefore it would not be a big deal to go back and work as a civilian again.”

The six months course will have five terms of four weeks each with examinations after every term. Officers will be taught and trained in basic functions, functional inputs, basic behavioural inputs, managerial skills, integration course and advanced course. They will get assignments, projects and pre-class homework as well.

Hierarchy will take a backseat as all of them will have to reside on the campus like an ordinary student.
Lieutenant Colonel NS Pandian, another candidate who has joined the course, said, “We are experienced in working in a structured format. The basics have been the same as in corporate world. Now we just need to sharpen our skills which would be required for a job in private sector.”

Lieutenant Colonel Avinash, another participant, felt that the six months MBA course at IIM-Lucknow would be a transition period which would help them develop qualities required for the second career.

Prof Prakash Singh, one of the programme director, said, “Participants will be introduced to contemporary business models and practices and helped to develop competence in various disciplines of management.”

Speaking at the Inaugural Session, the principal director, employment, Commodore Rajeev Karsolia asked the officers to put their home front concerns away for the next six month and prepare rigorously for this intensive program.

Prof S Nandi, dean at IIM Lucknow, cited the recent economic slow down and financial market turmoil in USA as a wake-up call for countries like India. Prof Abhishek Nirjhar, chairman, MDP, referred to this program as a battle field of a different kind. Prof Arunabha Mukhopadhyay, the program director proposed the vote of thanks.

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Source : http://timesofindia.indiatimes.com/Lucknow/65_defence_officers_on_Mission_MBA_join_IIM/articleshow/3621381.cms

Prof Kalam returns to IIM-A on Friday – www.tenaday.in

October 21, 2008

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AHMEDABAD: The newest professor at Indian Institute of Management , Ahmedabad (IIM-A) is awaited on campus for his second visit. Former President Dr APJ Abdul Kalam, who is faculty for the course Globalising and Resurgent India through Innovative Transformation (GRIT), will take a second session with students on Friday.

But, this time, the former president is not going to meet students who have got through GRIT selection process alone, but also students outside the course. Kalam, while on his second visit, is expected to have an open session also will be open to all.

“The excitement of Kalam coming to campus is not just a phenomena inside IIM-A. It is echoed in the entire city. Soon after the first session, we had students out of GRIT asking us what was the session like and what is happening with the course,” said Srijan Pal Singh, general secretary of students’ council and a participant of the course.

“We even got inquiries from college students and other academic institutions asking if there was a possibility of being a part of the programme. Since that was not possible, we planned for an open session during his next visit,” Singh said. First session of the course was conducted on September 13, where close to 70 students witnessed an expert talking of basic issues faced by the country as a whole.

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Source : http://timesofindia.indiatimes.com/Ahmedabad/Prof_Kalam_returns_to_IIM-A_on_Friday/articleshow/3621285.cms

‘US meltdown may impact students’ career choice’ – www.tenaday.in

October 21, 2008

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They may be hesitant to go for the finance stream in next academic session

The US meltdown which has affected campus placements this year will certainly have an impact on career choices of students. The next academic session will see lesser number of students opting for branches in finance, feel academicians.

According to Chandrahauns Chavan, director in-charge of Jamnalal Bajaj Institute of Management Studies, Churchgate, there will be a slight shift towards other branches in management. “It is too early to state figures, but students might be little hesitant to go for the finance stream in the next academic session. It has happened with the IT industry as well in the past. There was a boom and then the slowdown,” said Chavan.

Sharit Bhowmik, dean, School of Management, Tata Institute of Social Sciences, Deonar, has a different take on the issue. “Though jobs in finance will be difficult, marketing (as buying and selling things will also go down) will also face a threat. These are the most lucrative options seen by students. Though India is not much depended on the US, like the rest of the world, the policies that Indian banks follow are similar to the American ones,” said Bhowmik stressing on the fact that Indian banks will also be affected. He further said that the slowdown will give rise to unsecured jobs in the finance sector and will hence affect students’ decision as well.

Some of the academicians also feel that the entire process is cyclical and ups and downs are bound to happen. Gulnaz Sharma, the director in-charge, Management Studies, SNDT University, said, “There will be a slight shift towards marketing and IT options in doing a management for one to one and a half year. However, if students are looking at a long-term benefit, then they might not move away from the branch. Students shied away from specialisation in IT.” She further said that most management students make a choice of stream in the second year. “However, it is not advisable to make the decisions so early,” she added.

Manesh Shrikant, dean, SP Jain Institute of Management Studies, Andheri, said, “Students generally have a herd mentality. They will check out the placements season this year and then make their choices. The situation is very uncertain, and it will take time to recuperate. We also don’t know if the financial structure will survive, it is too early to comment.” The University of Mumbai also started a course in financial markets (BFM) this year. However, the demand for the course will be known in the next academic session.

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Source : http://www.dnaindia.com/report.asp?newsid=1199753

Yogita Rao

IIM Lucknow announces the 5th General Management Programme for Defence Officers (October 20th 2008 to April 3rd 2009) – www.tenaday.in

October 21, 2008

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Indian Institute of Management, Lucknow today announced its fifth six months General Management Programme for Defence officers. The 24 week programme would provide the officers with varied managerial inputs across all functional domains, preparing them for a career in the corporate world. Cmde. Rajeev Karsolia, Principal Director Employment was the Chief Guest for the Inaugural Session.

The first four programmes conducted by IIML were huge successes with the 49 officers of the first programme, 60 of the second and 59 of the third getting good job offers. The fourth General management Programme is running at IIM Lucknow’s Noida Campus with 59 Defence Officers out of which 7 candidates are Lady Officers.

In the 5th programme, after applying the selection criteria, 65 officers (44 Army, 11 Air-force and 10 Navy) including 21 lady officers have been selected for the programme.

“We at IIML will provide our participants with the latest management skills and techniques, which are the primary requirement of the corporate sector. The idea is to familiarize the officers with the requisite analytical tools and techniques; and develop a holistic perspective and global mindset to understand issues of an enterprise and provide the defence officers with a second career choice after retirement” says Prof Prakash Singh and Prof Arunabha Mukhopadhyay, Programme Coordinators.

The Indian Armed Forces carefully selects Officers and continuously trains them in the art, science and craft of WINNING. Every year, hundreds of these Officers retire, with rich experience in learning, critical reasoning, objective decision making, creative thinking, leading and motivating people, running organisations and managing projects. The aim of the programme is to capitalize on these skills of the officers and optimize them to suit the corporate world’s requirements.

As in the past, the fifth programme is also expected to generate an enthusiastic response from the corporate world and given the intense nature of the programme it is sure to equip the participants with the necessary skill set so very essential to conquer the corporate world.

The objective of the GMP is to provide the participants with a basic understanding of the managerial systems and processes. The programme has been designed to provide the defence officers with basic functional inputs in subjects such as accounting and finance, decision sciences, organizational behavior, human resources management, communication skills, marketing, strategy, information technology and business environment.

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Source : http://www.indiaprwire.com/pressrelease/education/2008102014468.htm

How to Prepare For CAT and Get Into IIM – www.tenaday.in

October 21, 2008

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The Indian Institutes of Management (IIMs) are India’s premier management institutes. IIM, not to mention is the deity to CAT aspirants. Last year one is added to the list i.e IIM Shillong which increases the probability of getting into IIM, af course if number of aspirants remain the same; but still this number is very bleak. So what matters the most in this world of competition is how you prepare for this tough and ‘smart’ exam, yes, smart is the key word because the person who prepares smartly is the winner of this game as there is a famous adage: Don’t work hard work smart. So overall I will be discussing about some smart techniques for killing this meow (CAT).

What you need to firstly do is to see where you stand currently i.e what are your strengths and weaknesses, and you can do this by taking one or two mock tests. Never fear if you find that you are weak nearly in every area because converting your weakness to your strength doesn’t need more time, it needs smart time. After deciphering your strengths and weaknesses, it’s time either to collect the reading material or to join a coaching classes. Many students ask why do we need coaching classes; well then the answer to this question is: coaching institutes will organize your study habit; off course they aren’t alchemist who will turn you into gold. But if you are a working official and think that you are a good manager in organising your study time then nothing is better than that.Therefore, organized study is the first main key point to this smart journey of preparation; after all you are going to become a manager so everything should be organized and managed.

Second key point is ‘Stick to the Rules’; though the irony is CAT never does but by not sticking to the rules they are checking whether you does. So; make a time table of your study plan and keep it in your pocket or paste it on your notice board of office or home. Time table of every aspirant will be different so keep in mind your weaknesses while making the itinerary. Give more time to your weaknesses and practice as much as you can. Main problem with many students is that they organize their studies for few days, and after that they procrastinate the assigned targets or don’t give the required time to their studies. But perseverance and patience are the two traits which every aspirant should have as CAT will check your patience by giving you a whole together a different paper; so you should maintain your calmness and don’t get flummoxed.

Third point is to keep track of your performance and your mistakes. After all you are preparing to improve and if you are not tracking your performance then how will you get to know whether you are improving in your weak areas or not. Never repeat your mistakes. Keep your mind fit by eating healthy food and by reading some good novels and newspapers. Good is a subjective term but here what I imply is read those novels or articles in newspapers which you hate reading in normal circumstances; CAT is not good in giving your favorite RC passages. After all for ESLs (English as a Second Language) reading is the strongest tool to hone its English skills.

Lastly, never think that your aim is to clear written exam. You are not preparing for getting a call, you are preparing for getting into IIMs, so participate in GD sessions and keep yourself updated with current affairs. If you haven’t join any coaching institute then you can join any public forum online or offline for practicing GD and Interview sessions.

At the end I will summarize my rules:

a) Know your strengths and weaknesses.
b) Organize your studies.
c) Keep track of your performance and mistakes.
d) Read healthy.
e) Keep preparing for GD & Interview.

As it is not in my scope to give you each and every aspect of preparation but I have tried to write some of the key points which I have noticed in every IIM student. So, don’t just toil, have some smart oil.

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Source : http://isaraz.com/How-To-Prepare-For-CAT-And-Get-Into-IIM.html

Admission to PGDM (BATCH XVIII) /PGDM (IBM) (BATCH – III) Programme 2009-2011 – FORE SCHOOL OF MANAGEMENT – www.tenaday.in

October 21, 2008

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FORE SCHOOL OF MANAGEMENT

Announces Admission to

TWO YEAR FULL TIME POST GRADUATE DIPLOMA IN MANAGEMENT 2009-2011 (BATCH XVIII)

TWO YEAR FULL TIME POST GRADUATE DIPLOMA IN MANAGEMENT (INTERNATIONAL BUSINESS MANAGEMENT) 2009-2011 (BATCH – III)

(Both the programmes are approved by All India Council for Technical Education, Min. of HRD, Govt. of India)

Admission Advertisement PGDM/PGDM (IBM) Programme 2009-11

Download PGDM Form

Download PGDM (IBM) Form

FORE’S ADVANTAGES:
*Ranked amonth the top B-Schools of India.
*100% Placements with multiple offers.
*World-class faculty
*Mentoring by Industry PRofessionals.
*International Students exchange programmes.
*Continuous Academic-Industry interface.
*State-of-the-art campus.
*Internatioanl Teaching Pedagogy.

ELIGIBILITY CRITERIA AND ADMISSION PROCEDURE:
*The Candidate must hold a bachelor’s degree with minimum 50% marks or equivalent recognized by AICTE/ UGC/ AIU. Final year studetns can also apply subject to furnishing the proof of graduation by October 01, 2009.

Fore more details, please refer to the advertisement of CAT 2008 and website of FORE – www.fsm.ac.in

*Must have applied to CAT 2008

*Forms available: Rs.1500/- cash or by DD of Rs.1550/- separately for both programmes. DD should be favouring FORE School of Management, payable at New Delhi. Forms can also be downloaded from FORE’s Website.

*Send self addressed slip alongwith DD.

*GD/Interview centers: Delhi, Bangalore, Chennai, Kolkata and Mumbai.

IMPORTANT DATES:
*LAST DATE OF AVAILABILITY OF FORMS: 12TH NOVEMBER, 2008
*LAST DATE DATE TO APPLY: 12TH NOVEMBER, 2008

For Admissions and further details contact:

Chairperson, Admissions,
FORE SCHOOL OF MANAGEMENT
B-18, Qutab Institutional Area, New Delhi-110016
Tel: (011) 41242424-33 (10 lines), 26569996 (Direct);
Fax: (011) 26964229
Email: admissions@fsm.ac.in

CAT is one of the components used for shortlisting candidates who apply for admission to FSM.
IIMs have no role either in the selection process or in the conduct of the Programme.

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Source : http://admissionsindia.blogspot.com/2008/10/admission-to-pgdm-batch-xviii-pgdm-ibm.html