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Who do you think were the top in the list of Most Coveted Recruiters for MBA students in India? In keeping with the times, investment banks are no longer major favourites for employment for MBAs from India’s leading business schools says a recent survey. The Economic Times quotes a survey by Teamlease, Synovate and MBA Universe as saying that Lehman Brothers (ranked 4 last year) and J P Morgan (ranked 11 last year) do not at all now appear in the list of Top 25 Most Coveted Recruiters for 2008.

The survey covered top schools including the IIMs, XLRI, Jamshedpur and the Jamnalal Bajaj Institute of management, Mumbai.

The first four slots go to traditional favourites: McKinsey & Company, Hindustan Unilever, Boston Consulting Group and Proctor & Gamble.  Despite  adverse remarks in some parts of the media, ICICI Bank came in the 5th position. At Rank 6 was the Tata Group ( moving up from Rank 10 last year). The Reliance Group moved smartly to rank 7 from Rank 17 last year.

There is a real danger of an economic slow down in India- affected as we are by events in the US and elsewhere. the rate of growth is expected to stand reduced to 7 to 7.5 % this year. Prime Minister Manmohan Singh however  is confident that we will return to a 9 % growth.

In this setting, while jobs may not be created with quite the same frenzy we saw in past years, MBAs from India’s top schools will still have a good range of choices to make. As always, there will continue to be a demand for top talent.

Subscribe to the A-Step-A-Day series using RSS at http://bprao.wordpress.com/category/a-step-a-day/feed.

This is Post No: 342 of the “A Step A Day” series : To provide perspective and provoke thought to facilitate self-development across a wide spectrum of issues- big and small- crucial for executive success.

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Thinking about waiting out the recession by getting an MBA?  A recent Newsweek article may may you think twice. The article, Happy Birthday, Harvard B-School reported on an 18-month study on the state of the M.B.A. conducted by Harvard professors David Garvin and Srikant Datar. They interviewed deans, recruiters, faculty and alumni from several dozen top business schools.

Their conclusions?

At some companies, longer-tenured employees without an M.B.A. face better odds of getting promoted than newcomers who hold the degree, and some employers now dissuade star employees from returning to school for an M.B.A. at all. Recruiters say the M.B.A.s they do hire have learned little about such skills as giving presentations, navigating corporate politics or leading co-workers. “The M.B.A. degree may be at an inflection point,” Garvin says.

The article goes on to say:

In the symposium’s most thoughtful remarks, Civil War historian and Harvard president Drew Faust suggested that B-schools may teach their students to become so focused on competing against colleagues and tallying individual rewards that they suffer “a kind of blindness” to “the fundamental interconnectedness of humankind, of societies and of economies.”

Not exactly a ringing endorsement of higher business education.

Clearly, in the working world, being able to communicate and lead are two crucial “soft” skills employers seek.  Having written about the importance of being connected, I’m intrigued to note the focus on the “fundamental interconnectedness of humankind.” In his book, Never Eat Alone, Keith Ferrazzi says, “…Community and alliances will rule in the twenty-first century…[success is] dependent on whom you know and how you work with them (291).” He asserts that living a truly connected life is a prerequisite to success. If this is true, it looks like the M.B.A. may not be the path of choice.

Could it be that all we really need to know are the lessons we learn in the sandbox? Is the poem “All I Ever Really Need To Know, I Learned in Kindergarten” turning out to be really true?

What do you think? When do we learn our most important skills – the sand box or the ivory tower?

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GMBA is supposed to be part-time, but since September, my life revolves around it.  Everybody else around me accommodate my GMBA.  My every waking hour is devoted to GMBA – split between working on it and panicking over it.  And I am only on Week 7!  I don’t recognise my life from before.

Today I had to do errands for J and my mum.  Did everything from 9am to 12.30pm, well within my schedule (yes, I make a schedule for myself now) allotting 20 mins for lunch. Didnt even think about going to a proper restaurant.  I usually walk around the mall and see what I want for lunch.  Instead, I assessed that Via Mare at 11.30am will have fewer clients and if I order only Palabok luglug and gulaman, I will have my dish ready in less time than a hot dish like Crispy Binagoongan.  So that’s what I had, and I stayed within my timeline (but off budget – P300 including tip for palabok and sago!!!)  Didn’t dawdle, went to National for supplies, worked through a Things-to-buy list, and went straight back home again.  I felt guilty for even stopping to look at the new Nokia phone for three minutes.

Then after reading and researching and preparing a marketing case brief, I get a message that my group is not doing too well on Marketing Management.  Since I already know I suck at Financial Accounting (with the second of four exams due on Thursday), that makes 2 out of 2 that I am not doing well at on my First Period.  To say that my spirit is feeling really bruised right now doesn’t come close to describing it.  Here I am with laptop in front of me, books and cases and paper surrounding me on the bed, and I feel really struggling and alone.  Inanimate objects, even ones that represent future career prospects, are really no subtitute to a hug and a kiss and a strong voice whispering, “Don’t worry, it will be alright.  You can do it.”

So much has changed in seven weeks, I don’t recognise my life anymore.

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A fast track one year full time MBA is ideal for a person with more than 5 years of experience and one wanting to grow in his or her domain. Even after a one year course it is not entirely impossible to make a career shift, if one wishes to do so.

I am listing below some good one year MBA programmes currently available in India:

• Indian School of Business, Hyderabad (PGPM) – http://www.isb.edu (GMAT)
• S. P. Jain Institute of Management and Research (PGPM) – http://www.spjimr.org (CAT/XAT/GMAT)
• Indian Institute of Management, Ahmedabad (PGPX) – http://www.iimahd.ernet.in/pgpx/pgpxone.htm (GMAT)
• Indian Institute of Management, Calcutta (PGPEX, PGPEX-VLM) – http://www.iimcal.ac.in/pgpex/
• Great Lakes Institute of Management, Chennai (PGPM) – http://www.greatlakes.edu.in/ (GMAT)

As you see most of these schools accept GMAT scores. However, these scores are not the only criteria for admission as individual’s profile is vary important along with the need to develop a diversified batch. Will post more information.

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PGDM OF SCMS
(Accredited and AIU recognised)
India’s first centrally airconditioned B.School Campus
No.1 in Kerala, 3rd Best in South India, 13th Best in Intellectual Capital Indian Management.
No.18 All India, A++ – Business India 2008

School of Communication and Management Studies (SCMS), Cochin, has invited applications for Admission to PGDM (Post Graduate Diploma in Management) – 2009 –2010, 19th Batch. And it has 330 seats.

PGDM ADMISSION ANNOUNCEMENT 2009-2010

ADMISSION 19th BATCH (330 Seats)

SPECIALIZATIONS:
Insurance and Banking
Retailing and Merchandising
Welath Management
HR, Finance
Marketing
Systems
ORM
International Management and Advertising Management

Aslso any other area which has job opportunities in any year.

ACCREDITATION: Guarantees all-round quality of a B-School, its research facilities, financial resources etc.

MBA EQUIVALENCE: Association of Indian Universities (AIU) has recognised their PGDM as equivalent to MBA

ISO CERTIFICATION: They are the first and only B-School with ISO certification for Quality Management teaching system.

BANKING: All business magazines have consistenlty rated them as one amonth best 25 B-Schools in India. Business India has rated them as A++ in 2008

INFRASTRUCTURE: They offer world class facilities – 50 full time faculty, a library with more than 21000 titles, 3 computer centers, 460 terminals and 24 hour leased line internet connectivity.

PLACEMENT: BUSINESS INDIA has featured them as unique in the matter of placement.

LEADERSHIP TRAINING: Recipient of Dewang Mehta Award for excellence in leadership training system.

ADMISSION PROCESS: CAT/MAT/ATMA score, GD and Interview

HOW TO APPLY:
For application and prospectus send a DD for Rs.950/- (in favour of SCMS-COCHIN) to the Director of Admissions. Their Application and details can be downloaded from the website also.

For more information and FREE online practice tests visit www.tenaday.in

Source: http://admissionsindia.blogspot.com/2008/10/pgdm-admission-announcement-2009-2010.html

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