PLACEMENT IN B-SCHOOLS

About B-School Placements
Management studies have gained much importance in India over the past years with bigger and better companies offering lucrative job offers. Some of the top notch recruiters from various business sectors are involved in several B-Schools Placements. India boasts of a number of leading business schools that are both nationally and internationally recognized. These institutes enjoy special preference when it comes to their students getting hired by top multinational companies. Campus placements in B-Schools provide management pass-outs the ideal opportunity to get their dream jobs. This site is your guide to B-Schools placements in India.


B-School placements in India
B-Schools placements in India have always created much news as they involve top recruiters offering very attractive pay packages. The various Indian Institute of Management (IIM) enjoy an edge over other business schools in the country due to their strong brand image. On account of the excellent performance of the students, the institutes are highly favored by Indian and foreign recruiters. Besides the IIMs, the other B-Schools in India that have 100% placement record are XLRI, Symbiosis Institute of Business Management, Pune and Institute of Business Management & Technology, Bangalore just to name a few.

Procedure in B-School Placements
The process involved in placements of students may vary from one B-School to another. A day system of placements is followed at IIM Ahmedabad, where the institute invites companies to recruit in different slots based on the preference of the students. The placement process at IIMA includes Internship Placements, Graduate Placements and Lateral Placements. There are placement planners at the various B-Schools that have important dates of various placement activities. Other Business Schools such as XLRI, IIMB and IIMC have their individual placement procedures.

GD PREPARATION

Most Companies today when they are on Recruitment process they take Group Discussion (GD) round into their consideration.GD is the round where most of the students afraid of.Group Discussion is the round where thought process of the candidate attending the GD can be determined.So Guys i am providing you some Group Discussion tips and common topics for preparation.


Group discussion tips:
1. Always be the initiator and concluder of the GD then being a participant.
2. But if you are the participant always try to be the key participant.
3. Put points firmly and always try to get other�s support too.
4. If you find that the discussion is going off track then never loose an opportunity to bring it back to stream this is The best point to score max.
5. Try to keep latest information on the topic.
6. Be very polite, people may try to provoke you to to get more points but try to keep cool.
7. Most important don’t wait for your turn to speak when discussion is on. Interrupt politely if you want to put forward your points.
8. Last but not the least keep a tab on the time given for discussion. Score points by wrapping up the discussion if you feel that the discussion is heating but the time is going to be over.
9. During conclusion, do end with the conclusion note that shows your leadership quality.
Best scoring points are:
*initiation of discussion,
*always keeping/trying to keep discussion on track
*Conclusion on time
*Your capability to keep your cool and listen as well as putting across your points. Be a Leader. GD basically means searching your team player, leadership, communication capability.

Some common topics:

Everybody jumping into software field – is it good or bad.
"EDUCATION AND SUCCESS" DOzES IT HAVE A CORRELATION.
"Whether impact of western culture on Indian culture is a boon or a bane".
Is internet suitable for Youngsters?
IS MBA needed?
What Should India do to win a gold medal in the Olympics?
Will India need a Dictatorship / Democratic rule now?
"Two solutions to improve engineering standard"

Advantages and disadvantages of Internet
Betting in cricket should legalized or not
Education system in India.
A discussion on Iraq and America war

Recruitment Vs Selection

Recruitment Vs Selection

Both recruitment and selection are the two phases of the employment process. The differences between the two are:

1. The recruitment is the process of searching the candidates for employment and stimulating them to apply for jobs in the organisation WHEREAS selection involves the series of steps by which the candidates are screened for choosing the most suitable persons for vacant posts.

2. The basic purpose of recruitments is to create a talent pool of candidates to enable the selection of best candidates for the organisation, by attracting more and more employees to apply in the organisation WHEREAS the basic purpose of selection process is to choose the right candidate to fill the various positions in the organisation.

3. Recruitment is a positive process i.e. encouraging more and more employees to apply WHEREAS selection is a negative process as it involves rejection of the unsuitable candidates.

4. Recruitment is concerned with tapping the sources of human resources WHEREAS selection is concerned with selecting the most suitable candidate through various interviews and tests.

5. There is no contract of recruitment established in recruitment WHEREAS selection results in a contract of service between the employer and the selected employee

For us, the dreams of a billion is the real fuel



Oil and Natural Gas Corporation Ltd, (ONGC) is a Fortune- Global 500 Company and the first ever Indian entrant in Fortune list of ‘Most Admired Companies 2007’. It ranks 20"' among leading global energy majors as per 'Platts Top 250’ Global Energy Company Ranking 2007 and also leads all India Corporates in Forbes Global 2000 and in Financial Times Global 500, ONGC, through its subsidiary ONGC Videsh Ltd. (OVL), is India’s biggest transnational Corporate with Overseas investment of over 10 billion USD 16 countries.

ONGC is hiring competent professionals:

DGM (Aviation Safety) -
Served as a commercial pilot, with at least 2500 hours of total flying experience or qualified Aircraft Maintenance Engineer (AME) having basic AME license.

Company Secretary -
ACS/FCS and CAIICWA with post qualification experience of 12 years, Additional qualification of degree in Law preferred.

Manager (F&A) –
ACS/FCS and CA/ICWA with post qualification experience of 12 years. Additional qualification of degree in Law preferred.

Senior Medical Officer -
MD/MS in specialty of pediatrics / Radiology / Orthopedics / Ophthalmology/ Dental/Obs. & Gynecology / Cardiology/ Anesthesia / Pathology.

Medical Officer
MBBS with valid registration

Interview Preparation for Admissions Abroad

Interviews by Institutes Abroad

Interviews by Institutes abroad is very rare and is usually limited to some business schools. You most probably will not have to go through one. But, just to let you know, Wharton visits Delhi, Bombay and some other cities every year to interview applicants. Some schools conduct interviews telephonically and some others through their alumni who are based in the city you live in.

If you happen to be applying to an institute that wants to interview, you ought to be prepared.

Preparing for the Interview - have the right attitude and do your homework.

Consider the interview as your final opportunity to market yourself. Establish your objectives for the interview. Think about ways of reinforcing your strengths and addressing your weaknesses. Be prepared to support your claims in the application essays. Good preparation will also help you relax somewhat during the interview.

Know all that you can about the school and the program - the school brochures and the website can be useful sources. Carry out a search in Google or Yahoo by the name of the school and read the relevant results. This could make you aware of some specific details about the school or the program, which would reflect in your answers during the interview. It could pay to project yourself as a person who pays attention to detail. It also conveys your interest in the school.

Prepare for the typical interview questions. Most of the interview questions come from two categories
(1) Standard questions for all students like Why MBA, Why Yale etc.
(2) Questions tailor-made for you based on your essays and your resume.
The interviewer may wish to probe into some of your claims to fame in your essays. Be sure to review your application, essays and resume prior to the interview. The worst thing you can do is contradicting yourself at the interview.

List of standard questions

Why do you wish to pursue the program that you have applied to?
Why do you want to attend this school?
Name some other schools that you have applied to?
Tell me about yourself.
What are your career goals?
Where do you see yourself in ten years?
What value can you add to the program?
What are your greatest achievements?
What do you consider your three top strengths/weaknesses?
Why should we accept you?
Do you have any questions?
Most of the above questions would have been covered in your essays in one form or the other. Review the exercise that you did in the essays section to get your life in perspective. The interview is your big chance to elaborate on things that you could not cover in your essays. You should also be ready with 3-5 good questions that reflect your concerns about the school and your success in the program.

Other typical interview questions would most likely be from one of these categories:

a) Undergraduate Education

Tips:

Remember your interviewers are from the academia, so give adequate importance to learning and education. Show your commitment to learning and growing. Talk about your extracurricular activities and how these activities helped build your well-rounded personality. Detail your contribution as well as what you learnt. Describe how your schooling will help you in achieving your career goals. Describe any leadership experiences and what you learnt from those experiences.

b) Work Experience

Tips:

Be enthusiastic about your job experience. Portray yourself as one who tries to exceed expectations. Stress on teamwork, motivation, continuous learning and ownership. Be positive when talking about your boss or your firm. If you changed jobs, it should have been motivated by a desire for more challenges, more responsibilities, opportunity to grow and so on. Avoid negative comments like unappreciated, underpaid etc. Don’t be afraid to talk about a failure. Stress on what you learnt from your failure. Describe your leadership experiences at work. Leadership potential is a very important quality desired by all MBA programs.

c) Goals

Tips:

Show that you are committed to your career objectives. Your goals should be consistent with your experience and your desire to pursue further education. Be practical where you see yourself in five years ( refrain from making a statement like "I will be the CEO of Hewlett-Packard") and be prepared to demonstrate how advanced training and education will help you achieve your goals. Highlight some of the strengths of the program to further justify your choice. Make sure that all your answers connect and reflect the thought you have put in planning for your future.

d) Personal

Tips:

Be sure to prepare a brief outline of your upbringing. Take every opportunity to show that you are achievement oriented and strive to develop both personally and professionally. At the same time, show yourself to be a well-balanced and sensible person with varied interests. In your choice of books, it does not matter whether it is science fiction or biographies: the idea is to show yourself as knowledgeable in whatever interests you pursue.

RECRIUTMENT AND PLACEMENT

Recruitment industry is going through a tough time at this moment, the numbers have dropped drastically for the biggies and I know of recruitment agencies that are battling for survival. Being a co-founder of Synergy Solutions (we provide recruitment services to companies in India and in US) the biggest challenge today is to find newer and better ways to add value to our clients. There is a need to find innovative ways to improve recruitment ROI for the client. I am writing this article to share our ideas with the world so that other companies in the recruiting and staffing business can take advantage of the same.

First things first, the base idea is not to wait and find ways to weather the storm but to take proactive measures to tide the wave. The world is changing very quickly to combat recession and it’s about time we translate our thinking into action or else we will be late. The main reason being the companies who are hiring have recently made drastic cuts in their recruiting budget and are in the process of streamlining their side of the story.

We strongly believe that companies (clients) will demand greater accountability from recruitment agencies and focus on improving their recruitment ROI. Recruitment agencies / staffing companies who are agile in their operation and can quickly adapt to the changing environment will emerge victorious at the end of this recessionary period.


Few areas where placement agencies should focus:

Closely monitoring the way each industry is changing in current times and the way companies within the industries are changing their hiring strategy.
Build stronger relationship with clients thereby working closely with your contact points in the company to get clarity on their internal hiring plans and prepare accordingly. This will also help protect your share in the pie from your competitors.
Clients will use this recession to re-negotiating the recruitment contracts with recruitment agencies. Since numbers are falling every day recruitment agencies will be concerned about their cash flow situation and as a result will have no option but to be forced to negotiate their existing contract. New client would want to start the relation on the terms advantageous to them, that means lower rates and tougher terms.
Look out for companies who are brave and would consider recession as the right time to recruit good quality talent at the right price. These are usually multinationals with deep pockets and would want to drive competitive advantage home. Be smart to attack these companies.
Train your recruiters to be tactically smart and agile in their actions. During the boom there were a lot of open positions and even more candidates available so the match making activity was comparatively easy and largely govern by the good sentiments in the market. During tougher times recruiters need to be smart and get themselves deeper into the fit gap process and ensure win – win situation for the client and the candidate
Use of technology and social media applications to hunt better profiles as compared to job boards. Sites like LinkedIn, Facebook, Twitter and other social and business networking sites are fast becoming every recruiter’s trump card. Lot of head hunting can happen over these networking sites.
If your salary component are on the higher side and you foresee that it’s going to be difficult to sustain then take adequate action now try and offer a mix of lower fixed and higher variable with an assurance that salaries will get back to normal once the market stabilizes.

Career Opportunities After Completing PGDM

Today,PGDM Program is the most popular amongst the young people because it provides them skills and frameworks that are essential for advancement of your career as manager. By earning this PGDM an individual can broadening his educational horizons. It also prepares him for the leadership positions. This program provides us knowledge about various subjects such as accounting, economics, finance, operations management, marketing, organizational behavior and project management and many more. So we can choose our interested subject and can make our career in our interested field. PGDM is a two years post graduate diploma program that brings a lot of career opportunities for everyone.

Government - Corporate - NGO

Government Jobs

Many of us usually think that an PGDM is good for business man to develop his business. But after completing PGDM, we can also a decent Government job. For Government jobs, we should be a big thinker as well as a team player too. This program is very useful for a career in a government agency.

Corporate Sector

Marketing
People, who want to build their careers in the field of marketing, you should be able to create effective marketing strategies as well as good communication skills for conveying their messages to people more efficiently. An PGDM program provides theoretical knowledge and practical marketing skills to its students.

Finance
For making a career in finance, one should be quick thinker, having high energy levels and require having patience to deal with clients. PGDM in Finance is the best way to determine, if you want to build a successful Career in Finance.

HR

Human resource Management or Personnel Management is a specialised field exclusively for management graduates. It require them to fulfill the responsibilities of hiring, maintaining and motivating the employees.

Non-profit Organizations

After completing PGDM, we can also find a good job in non-profit organizations too. It will be very good for us in the involvement of non-profit organization. As an PGDM graduate, it will be very rewarding for financially and emotionally that our talents are making a positive difference in people lives.

Jobs & Career Opportunities After PGDM

With a PGDM, you are destined to have a great career. There are many career choices in front of you, below are some of the best careers you can consider. They belong to various different fields as with a PGDM, you get the advantage of choice. Here are some careers to consider. 

 

Business Consultant

The consultancy industry has witnessed a sea change over the past few decades and it is booming like never before across the globe. This industry has created immense job opportunities for management degree holders who have specialized knowledge within a particular subdomain of the management field. As per the latest trends, top national and international companies are hiring candidates directly from the colleges and universities that are offering the PGDM program. As a management student, you will be trained keeping in view all the requirements of the industry. You will develop-

•             The ability to provide consultation in the most crucial management related matters.

•             Critical and analytical thinking.

•             The ability to lead, and

•             The zeal to take ownership of your actions.

Investment Banker 

The main job of an investment banker is to help companies raise money. Invest bankers are hired by other companies to be their financial advisors and help them grow their company from one level to another. Invest bankers may also provide advice to individuals, but their services are not cheap. But this is quite rare. Their services are mostly reserved for companies and even governments. You will learn about all the financial markets in a country and should know how to raise capital without putting the company, the lender or the financial market at risk.

Brand Manager 

The brand is the identity of a company that people can recognise and relate to. And brand managers are the people behind brand creation and brand perception. Their main job is to create a brand identity for the company they are working for. From creating logos and designs to creating brand communication, they are responsible for how the brand is represented in the media. They also have to develop future marketing strategies and create a positive online perception of the brand.

IT Marketing Head 

The main job of the IT marketing head is to market the company’s IT products. Most IT companies develop IT related products and services, and the marketing head ensures that these products and services are known to other companies. However, to be able to know these products and services, they also have to be IT and technology experts. They also have to play a role in the development and packaging of these products and services. This may require them to travel overseas to different countries. An IT marketing head has to be an expert in international business laws. 

Hospitality & Tourism Manager 

One of the world’s most thriving industries is hospitality and tourism. Sometimes, hospitality management and tourism management can be two completely different things. Hospitality managers are usually part of hospitality-based businesses like hotels, restaurant chains, resort and amusement park franchises and more. Their main job is to ensure all guests are comfortable and well looked after. They also have to resolve customer complaints and take feedback on how to improve hospitality services. They are also in charge of quality checks and controls. They are responsible for  creating tour packages and itineraries to ensuring the smooth execution of a trip, they are the ones responsible for people having enjoyable tours. They have to manage all the people involved in a tour and ensure there are no issues.

Sales Manager 

Sales are what drives business, and it is probably the most important department in the business. Sales managers are people in charge of the salespeople and department. They have to manage all the teams and ensure they are making all the sales targets. The managers set targets for the sales teams and have to help make sales strategies. Sales managers also have to work closely with the branding and advertising department to ensure the right communication is being presented to the public. They are also an important part of the product and service packaging.

Business Development Manager

As the title suggests, business development managers are responsible for business development. Their position does require a bit of sale and marketing, but they have other responsibilities as well. Along with increasing sales, they also have to ensure the company and its operations are growing and improving. Business development managers have to look for potential customers and new markets they can expand into. They have to attend trade fairs, conferences, expos and more where they can further the business.

Marketing Manager

Marketing Managers hold a pivotal role in an organization's success. They craft comprehensive marketing strategies, analyzing market trends, consumer behavior, and competition. These professionals possess a blend of analytical skills and creative thinking, allowing them to create effective campaigns that boost brand visibility and attract and retain customers. They work on various aspects of marketing, including market research, advertising, and product positioning.

Digital Marketing Manager

Digital Marketing Managers specialize in online marketing channels in today's digital age. They are experts in optimizing websites for search engines (SEO), running effective social media campaigns, email marketing, and overseeing online advertising. Proficiency in a range of digital tools and platforms is crucial for success. These professionals are adept at data analysis and constantly adapt to evolving online trends.

Retail Manager

Retail Managers are at the helm of the operation of retail stores. They manage staff, inventory, and customer service. Their ultimate goal is to ensure that the store meets and exceeds its sales targets. Success in this role requires strong leadership qualities, excellent customer service skills, inventory management, and a knack for visual merchandising.

Operations Manager

Operations Managers are responsible for optimizing an organization's daily functions. They evaluate and enhance processes to ensure maximum efficiency and productivity. Strong analytical skills are necessary to identify areas for improvement. The focus extends to supply chain efficiency, quality control, and cost optimization.

 Risk Analyst 

Mitigating risks is one of the most important jobs in any business, especially in times of market volatility. The risk analyst’s main job is to analyse risk in the market and prepare reports and strategies to circumvent the risks. Business decisions based on analysis have proven to be far more effective, making the job of a risk analyst that much more important. They have to prepare detailed reports on the markets, stating all the risks involved. They have to be adept at all forms of analysis like PEST analysis and SWOT analysis. They also have to be proficient in using the latest risk analytics software.

Financial Analyst 

The financial analyst analyses the financial standing of a business. It’s their job to look after all the financial dealings of the company and make suggestions for improvement. They are also in charge of the accounting and finance of the company. They have to study the market and make detailed reports based on which the company management can make decisions. They also recommend investments to their companies. Independent financial analysts can offer their services to anyone, and charge a fee for their services. 

Communication & PR Manager 

The communication & PR manager is responsible for all the communication put out in the media by the company. They are the ones who create this communication along in consultation with the senior management. They have to represent the company in media and even conduct press meets and press conferences. They have to ensure that the company always has a positive representation in the media. 

In case there is any negative publicity, the communication and PR manager has to ensure to counter the negativity and get all the correct facts out. They also manage the social media accounts of the company. Online reputation management has become an important aspect of any business, and the communication & PR managers have to be adept at handling this new phenomenon.

Supply Chain Manager

Supply Chain Managers are crucial in efficiently moving products from procurement to distribution. Their primary objective is to optimize logistics and inventory systems, reducing costs and enhancing efficiency. Strong organizational skills and analytical thinking are vital to excel in this role. They need to manage complex networks of suppliers, production, and distribution channels.

Healthcare & Hospital Manager

Healthcare & Hospital Managers are pivotal in the smooth operation of healthcare facilities in the healthcare sector. They are responsible for ensuring compliance with complex healthcare regulations, maintaining high standards of patient care, and managing budgets. A deep understanding of healthcare management and regulations and strong organizational skills are fundamental for this role.

Project Manager

Project Managers are responsible for guiding projects from initiation to successful completion. They must oversee resources, budgets, timelines, and teams to meet project objectives. Exceptional organizational and leadership skills are critical in this role. Project Managers often work in diverse industries, managing projects from construction to IT implementations.

Business Management Faculty

There is no dearth of people who still link business degrees and diplomas only with managerial or even executive-level jobs. But, the scenario is completely different. Teaching is also one of the most respected and rewarding career options. Over the past two decades, the number of management colleges and institutions has gone to a new high. It is because of the ever-growing demand for trained management professionals from across the industry sectors. This is why the demand for qualified and trained teachers in India and across the globe is always on the rise.

 

New Field Of PGDM In Business Analytics

The new emerging field of PGDM In Business Analytics offers the following opportunities. 

·         Data Scientist

The responsibilities include analyzing and incorporating the data to establish current trends in business. In simpler terms, the work that you do should help the company in maneuvering its overall performance. A data scientist should be well acquainted with information technology to comprehend and come up with the solution required in a short duration of time. 

·         Market Researcher

Here the main role is to assess the market conditions to determine whether a service will thrive or not. As experts, you will help businesses in deciding what services the consumers are looking out for and at what rate. 

·         Management Analyst

As a management analyst, you will be responsible to contribute to a business’s maximum usage of profitable resources. For this role, you need to have great communication skills, as well as a persuasive personality. 

·         Relationship Manager

Your main responsibility here will be to advise clients in either retail or consumer banking. This would include everything from serving clients with account facts and figures to providing financial investment support.

·         Customer Service Analyst

This particular job includes analyzing a service department’s functioning and recommending tips to boost their efficiency and in turn deliver client satisfaction.

·         System Analyst

Your role here is to make sure that the computer’s performance is well maintained and improved as and when required for its clients. Here it is required for you to have precision reasoning and the ability to explain complex ideas to others as this is the main foundation of this career path.

·         Business Analyst

This role requires you to do more than just analyze the data! You should be able to find new ways to boost the client’s profits, manage resources, and map out a system that is in line with the client’s current demand.

·         Logistician

As the name suggests you will be responsible to oversee purchasing, shipping, and the management of inventory. You will be directing the movement of a variety of products, supplies, and services.

·         Sales & Market Analyst

You will be responsible for keeping an eye on the dynamics of the stock market and the supply-demand chain. The most crucial part here is to be able to sell the company’s product/service as much as possible. 

MBA placement season 2009

The tough decision for this month's column was whether to write about the prognosis for consumer demand in India, post the global meltdown, India slow-down, e-sops (as the ET elegantly described vote inducing election expenditure); OR whether to write about what lessons placement committees (mostly comprising students) of top tier MBA schools ought to learn and act on, after the 2009 stressful placement season. This column opted to discuss the latter, because we want to urge future leaders of India Inc. to use their intellect and education to courageously depart from the past and do things differently for the different world of the future. If they are content being status-quo-ist in their placement models with the justification of "hamare khandaan ke purane rivaaz hain", they are out of step with the mindset that winning companies of India Inc. and the world want and need.

Closer home, students running placement at top MBA schools will run two risks if they do not review and revamp the whole placement game as it exists today. They will be scrambling harder as students' numbers increase each year and nimbler, smaller, challenger institutions, with no baggage re-write the rules of MBA campus placements.

The current placement game is all about rationing scarce resources, iron clad rules about which company comes how early, rules for how students must bid for jobs and choose them. This model was perfect for the 80s and 90s - low competition, few students, low heterogeneity in the batch, and total predictability of the hirer market. If several customers were upset, too bad, let them go, there are too many of them anyway, and the batch size is small. But let's take this year. Graduating class sizes are larger, the most popular category of employers, Wall Street, consulting companies, foreign banks are not recruiting or recruiting in diminished numbers. The placement 'business managers' have responded to this new world by not altering their rules of the game in terms of doling out day wise slots to companies, determined by majority votes, discouraging off-campus interviews, and by not questioning the old belief that "how early placement finishes = how good the placement season/ institution is". There have been no new innovative customer friendly propositions to widen the net of companies that could participate, no encouragement to students to seek to widen the net through pursuing "off-placement" jobs and bringing them into the placement fold for the future and so on.

In fact the response has been "more of the same", with more pressure and better cosmetics on courtesy. Wonder what these students would say about a case study where the airline industry is going through severe turbulence and perhaps being changed forever, and the leadership team of a leading airline decides to (a) distribute more fliers on the routes available, to crowds at every shopping mall and (b) change the uniforms of the crew and add an extra mint free in the menu.

This is also a good time to look at the placement fee imposed on companies. The logic of the fee was that there had to be an entry price paid for access to a privileged pool of candidates, and also that if headhunters charged a fee why should institutes not do so. Today, there are limited takers for the access to a privileged pool and the need is to re-examine the price elasticity of demand; also when the tide is not rising in overdrive, it is a good time to look at things truthfully. Other than logistic support on campus, no real search-firm like services was being provided by the institutions. No advice, no pre-interviewing and feedback in terms of fit with the company, no help in decision making or selling jobs to chosen candidates etc. Paying for placement isn't where money needs to be charged - it is paying for "advertising" (pre-placement talk or any other form of advertising and relationships building) that potential recruiters should be made to do.

Why have on campus interviewing at all in these days of technology and several flights a day to most destinations? Looking at it 'outside-in", it is pretty tough to get calendars synchronized for travel of any group of people from a company. It is a lot easier to do it via a conference bridge. Perhaps placement offices should contract with Reliance web worlds to get up several extra bridges for placement season - and get employers to pay for the use of them. Why have day slots in terms of how popular companies are? On the contrary, in these days of management theories on the 'long tail' and 'n=1', life is not about the bulk buyer getting preference. If two or four students want a product design job in an automotive company then they should be allowed to interview on day zero with companies of their choice. Even more worrying is the non sturdy academic legs that the receding tide is showing up. One recruiter said that in one of the institutes, he found that the majority of students had very narrow course specialization making them less than literate in other disciplines. And since jobs pertaining to that specialization were not available this year they were not even able to think (or talk!) their way through interviews for jobs in other verticals. That is worrisome because good managers must have a 'T' knowledge base - a decent knowledge of all disciplines and a deep spike in one or two chosen ones. Clearly the academic system needs to tweak the rules of course choice to ensure that there is enough choice for specialization but also creates a 'T' knowledge base. Perhaps the US liberal arts college system is one model, mandating a minimum number of credits in each area. From the students and placement point of view it de-risks them from the likes of events that we have just seen.

Even if the final steady state of the new world in 2012 is 60% similar to the old world of 2007, if the legacy systems and business models are of the 1980 and 1990s, it is time to dismantle them and build anew. That's what India Inc. has done post liberalization and World Inc. is doing today - so why should their suppliers of talent be stuck in quota/ license-permit raj and not move to a free market economy?

Mukesh Ambani, Lakshmi Mittal among world's top ten billionaires: Forbes

Mukesh Ambani, Lakshmi Mittal among world's top ten billionaires: Forbes
IANS, Mar 11, 2010, 09.06am IST
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Tags:Mukesh Ambani|Lakshmi Mittal|Forbes List|world top ten billionaires|Carlo Slim Helu|World Billionaires
ET Now: Mukesh, L Mittal among world's top ten billionairesWASHINGTON: Indians Mukesh Ambani and Lakshmi Mittal figured among world's top ten billionaires as Mexican tycoon Carlo Slim Helu beat Americans Bill Gates and Warren Buffett to become the wealthiest person on earth.

Besides fourth ranked Reliance Industries chairman Ambani and fifth placed steel czar Mittal, four other Indians were among top 50 in 2010 Forbes list of the World's Billionaires released Wednesday with as many 49 Indians joining company with the planet's 1,011 richest people.

With his fortune swelling to an estimated $53.5 billion, up $18.5 billion in 12 months, Slim surged ahead of Microsoft cofounder Bill Gates, who had held the title of world's richest 14 of the past 15 years, the US business magazine noted.

Gates, now worth $53 billion, is ranked second in the world. He is up $13 billion from a year ago as shares of Microsoft rose 50 percent in 12 months. Buffett's fortune jumped $10 billion to $47 billion on rising shares of Berkshire Hathaway. He ranks third.

Eleven countries have at least double the number of billionaires they had a year ago, including China, India, Turkey and South Korea.

Fourth placed Mukesh Ambani with a fortune of $29 billion has global ambitions, Forbes said. So has his younger brother Anil Ambani ranked 36 with a $13.7 billion fortune.

Fifth ranked Lakshmi Mittal with a fortune of $28.7 billion is "looking to expand in his native India; wants to build steel mills in Jharkhad and Orissa but has not received government approval," Forbes noted describing him as "London's richest resident" who oversees ArcelorMittal, world's largest steel maker

Azim Premji with a fortune of $17.0 billion was ranked 28. "Software czar chairs $5.5 billion (revenues) Wipro, country's third-largest software exporter. Reported jump in net profits in last 2 quarters, signaling a rebound for US-dependent outsourcing giant."

Shashi & Ravi Ruia brothers took the 40th spot with a fortune of $13.0 billion. Their "$15 billion (revenues) Essar Group has weathered downturn and embarked on an expansion drive in all its businesses, including steel, oil and power."

Last among the Indians in top 50 was Savitri Jindal, ranked 44th, with a fortune of $12.2 billion. She took over as head of OP Jindal Group after her husband died in a helicopter crash in 2005.

Among other Indians on the billionaires list were Kushal Pal Singh (74), Kumar Birla (86), Sunil Mittal (87), Anil Agarwal (113), Adi Godrej & family (148), Shiv Nadar (201), N.R. Narayana Murthy & family (616), Rahul Bajaj (880) and Vijay Mallya (937).

Investment Banking Sector Does The Highest Placement At IIMA

Just after the completion of the placement process for this year at the IIM Ahmedabad, it has been revealed that the Investment Banking sector has done the most recruitment for the year. It has also been found that salaries for both national and international levels have gone up substantially.

This year, IIM Ahmedabad had started a new process called the Cohort based placement process, under which mechanism the companies were placed in groups and placement process carried out on weekends.

110 firms participated in the placement process this year for 289 students .

The Investment Banks who participated at this year’s placement process include Deutsche Bank, Morgan & Stanley, UBS, Goldman Sachs and Citigroup.

According to sources, Deutsche Bank had offered the highest salary of 1.4 crore this year.

The top banks that offered the most include Yes Bank and ICICI banks, which made 13 offers each.

More than 40 firms also participated in the lateral placement process and extended more than 100 offers. It is a four-fold rise over last year.

Among the different sectors, Marketing and consulting firms recorded an increase in offers this year. However, the finance sector saw a decrease in offers with only 27 offers this year. Last year, it had got 34 job offers.

This year, the average domestic salary offered was 14.94 lakhs as compared to 12.17 in 2009. Similarly, the salaries for the international placements were 110,750 USD in average as