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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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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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Escrito en Technorati Search for: business school

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Escrito en Technorati Search for: mba

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Escrito en Technorati Search for: mba

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By Laura Milligan

If you’re in the midst of your MBA application, you’re probably swamped by rankings, school comparisons, essay writing, letters of recommendation, and even more headaches. We’re urging you to take one step back, breathe deeply, and browse this list before diving back in. Below are 100 tips and resources to keep you organized and on top of it all.

Rankings and Research

Take school rankings with a grain of salt, but they can be useful when picking back-up schools and evaluating your chances of getting in.

1. Business School and MBA Surveys: Read reviews of business schools like University of Virginia, Purdue, Yale, UT Austin and others.
2. Choosing a Business School: This resource has tips for researching full-time programs, part-time programs, accelerated and Executive MBA programs.
3. Rankings and Admission Criteria: Review percent of applicants accepted, average GMAT score and average student age for schools like MIT, Duke, University of Chicago and more in this chart.
4. Business Schools: BusinessWeek’s rankings are well-respected. Check to see how they rank your top school.
5. Best Business Schools 2008: Get stats of top business schools from U.S. News and World Report here.
6. The Best Part-Time MBA Programs: Going to business school doesn’t mean that you have to quit your job and try to get into Harvard. Here’s a look at the top part-time programs at places like Indiana University and Rollins.
7. Business School Diversity Profiles: Find out which of the top schools offer the best diversity.
8. Best distance-learning MBAs: The Economist lists international distance-learning programs from Open University and IE Business School as its top choices.
9. How do you research programs?: The Wharton Business School has put together this tips guide for researching business schools and programs.
10. Quick Search: Business Programs: The Princeton Review publishes this very useful directory as well as its guide to the rankings.

GMAT Tips

Check out our GMAT tips below.

1. GMAT Score: Before you take the test, understand how it’s scored and what score you’ll need to get into your top school.
2. Build up your floor: Your floor is the level of questions you can consistently answer correctly. Practice easier questions first.
3. Pay attention to the first questions: Your answers to the first few questions of each section are used to determine your level of difficulty, so take your time on these.
4. Don’t fill in guesses randomly: This technique actually counts against you, so West.net recommends that you “try to eliminate at least one answer choice before you confirm your response.”
5. Advice on Test Preparation: Learn how to focus on only certain areas, and don’t over prepare yourself.
6. GMAT Math: Achieve a Top Score: Learn how to get a better math score here.
7. GMAT Tips: The Numbers Game: Don’t look for trick questions on the GMAT: everything is supposed to be pretty straightforward.
8. Need-to-Know GMAT Tips and Strategies: Get tips for reading comprehension, data sufficiency questions and more here.
9. GMAT Prep Resources Hacks: Use study guides like the ones found on this list to familiarize yourself with the format of the test beforehand.
10. Take a practice test: Learn the format and prep yourself with practice questions to make yourself feel more comfortable with the GMAT.

Important Dates

Don’t miss the test! Here are links to keeping your dates straight.

1. Take the GMAT: Schedule the GMAT using these tools.
2. Clear Admit application deadlines: This blog posts upcoming application deadlines in its left sidebar.

Standing Out

For help figuring out how to stand out from the rest of the applicants, take a look at this list.

1. The Admissions Office Finds Facebook: This article explains how admissions offices “are seeking applicants through social networking sites,” so clean up your profile.
2. How to get into a top MBA program: This About.com article offers advice from admissions representatives from schools like Columbia, UT and others.
3. Understand what sets you apart: Admissions reps want to know how you’re different, so take some time to figure out what it is that makes you different from everyone else, like your family background, small business story or something else.
4. How B-Schools Catch Resume Liars: If you think no one will catch the way you padded your resume, think again. It’s best to be honest.
5. Don’t be shy: The admissions process can be cutthroat, so don’t be shy about sharing your story, speaking up during an interview or acknowledging your racial or ethnic background.
6. Have a clear, specific plan for post graduation: If you want to go to a business school in order to network and learn the skills you need to start your own cosmetics line, put that in your essay and include it in your interview. The more specific, the more you stand out.
7. Letters of recommendation: These can really help your cause, so pick people who know you really well and who believe in your potential.
8. Write a winning essay: Your essay may be one of the most important factors in your entire application process, so make sure it’s error-free, well-organized, and personal.

Tools for Staying Organized

From calendars to practice tests, these tools will keep you better organized.

1. MBA Depot: Use this website to keep track of your choice schools and more.
2. HipCal: HipCal is a great little web-based calendar, address book and alert system that can help you keep track of study time, exam dates and more.
3. Check Seat Availability: Use this tool to preview testing centers before you register.
4. GMAT Practice Tests: GMATCAT.com’s free sample questions are a great help for nervous test takers.
5. Study Suggestions: MBA.com, the website for the Graduate Management Admission Council, has lots of suggestions and tips here.
6. Timing your application: Check out this guide that has tips for planning out the best time to submit your application.

Your Application

Below are tips for cleaning up your application and making sure it’s error-free.

1. Make copies: Before marking up the original, make sure you can make copies or print out several editions so that you won’t have to scratch through or white-out your mistakes.
2. Triple check each question and box: It’s absolutely important that you don’t leave anything blank.
3. Remember your name: Don’t forget your name and/or signature!
4. If you have bad handwriting, type it: Type in your answers if you have terrible, illegible handwriting.

Scholarships and Grants

Part of the admissions process is evaluating what kind of financial aid you need and where you can find it. Read our tips below for help locating scholarships and grants.

1. How to Go to Business School for Free: Don’t discount options like full tuition and hefty grants.
2. Funding and Scholarships: Read tips for evaluating your financial need here.
3. FastWeb: This site lists all kinds of scholarship information that will help you pay for business school.
4. National Association of Women MBAs: Women MBA hopefuls should consider applying for this scholarship.
5. National Black MBA Scholarship Programs: African American applicants may want to apply for assistance through the National Black MBA Association, Inc.
6. NSH MBA: The National Society of Hispanic MBAs also has scholarship programs for Hispanic students going to business school.
7. Scholarships.com: Search by school or scholarship to find the best solution for your needs on this site.
8. FAFSA: You can find federal aid for graduate school, too.
9. Paying for Your MBA: School-Based and Federal Aid: Learn about these two types of MBA tuition assistance here.
10. 4 Things to Know About Receiving Tuition Reimbursement from Your Employer: Getting your boss to pay for your MBA is very tempting, but make sure you’re aware of all the loopholes and fine print first.

Evaluating Your Skills and Experience

From preparing for interviews to asking for letters of recommendation to finding the best MBA program for you, we’ve got a lot of advice and resources to help you evaluate your skills and experience.

1. Career Planning: Learn how to identify your skills using this guide.
2. Leadership Skills Assessment Questionnaire: Rate your leadership skills to help you design your resume and application.
3. How Schools Evaluate Your Application: By understanding how admissions departments analyze your application, you’ll have a better feel for what to include and what to leave out.
4. Personal and Professional Career Assessment: The Harvard Business School has put together this resource to help students identify their strengths, goals and career goals.
5. SMU Admissions Criteria: Here you’ll find plenty of admissions tips as well as gain insight into the kinds of skills and experience candidates are expected to have when they apply to a respected MBA program.
6. Credit for Work Experience: If you’ve already put in many years in the business sector, you might be able to enroll in a program with some credits already satisfied.
7. HBS Gives Advice on Letters of Recommendation: Learn what to ask for when you request letters of recommendation.
8. Work after your undergraduate degree: Most competitive business schools, including international schools require, or at least prefer, their incoming students have a few years of experience working in a business environment.
9. Foundation Skills: Use this resource from The Career Key to better evaluate your marketable skills.
10. Are You Ready for an MBA?: Before you even start researching schools, ask yourself if you’re ready to take the next step and if you’re at the right place in your life to go back to school.
11. Work Experience: Learn “what your work experience says about you” and how others view your experience.

Essays and Interviews

Follow these links to even more tips about acing the interview and writing a winning essay.

1. Application Tips from the MBA Class of 2008: Stanford MBA students share tips in this video.
2. MBA Admissions Essays: Learn strategies for successful essay writing here.
3. Look at Your Competition: Before heading into an interview or writing your essay, anticipate how your competition is going to try to stand out.
4. MBA Admissions Interview: Tips, Sample Questions, Feedback: Access sample interview questions that will help you prepare.
5. Sample MBA Application Essays: Read examples of four types of essays: the background essay, the goals essay, the personal essay and the example of what not to write.
6. MBA Admissions Interview Tips: Before going to an interview, learn how to set your own communication objectives and speak coherently.
7. Write for Acceptance: Consider taking an essay-writing class or getting professional help designing your MBA essay.
8. Application Essay Dos and Donts: Listed in this guide are 20 different dos and donts for MBA application essay writing.
9. Essays: MBA.com’s resource features a list of things all essays should consider and important points to remember when crafting your MBA admissions essay.
10. Admissions Interview Tips: Click on a specific business school to find out what kinds of interview questions they typically ask.

Articles and Guides

This list includes tips about tweaking your resume, analyzing your GPA, and more.

1. MBA Admissions Resume: Read this guide to learn about the characteristics of a good resume.
2. GMAT Test-taker Rights and Responsibilities: You’ll need to familiarize yourself with your rights before taking the tests.
3. Recipe for Disaster: Application Mistakes You Want to Avoid: Learn what not to do when you read this guide.
4. Academic Record: Know how admissions offices will regard your academic record and GPA.
5. Letters of Recommendation: Kaplan shares more tips for making your letter of recommendation personal.
6. MBA Admissions: Low GMAT or GPA: Learn how to address a low GMAT score or GPA during the applications process by reading over this guide.
7. Managing Your Offers: Get tips on what to do when you’re rejected, admitted and deferred.
8. How Important is Your GMAT Score?: If you’re a nervous test taker, read this guide to get a more realistic idea of how much your score matters.
9. Admissions to Business School: Yahoo! Education’s guide to applying to business school lists top schools and admission statistics, and gives you insight into the competition.
10. Glossary of Terms: Look up business school terms to make your application process easier.

Forums and Blogs

Turn to these resources for advice from the people who’ve already been there.

1. GMAT Hacks: This blog has daily tips for cracking the GMAT.
2. MBA Forums: Check out what MBA students are saying to get an impression of what you’ll really encounter in business school.
3. MBA Zone: Categories and threads here include “What are my chances?” and “Application questions.”
4. BW Business Schools: BusinessWeek’s forum includes discussions about going back to school, early decision and more.
5. Beat the GMAT: Get tips for acing GMAT strategy, math and verbal sections.
6. GMATClub: Here’s another forum for cracking the GMAT.
7. Veritas Prep: The blog for the Veritas organization has tips on essay writing and more.
8. MBA Admissions Wire: MBA applicants can find plenty of advice and links here.
9. Journey to my MBA: Get tips on the TOEFL, interviews and more on this blog.
10. The MBA Insider’s Blog: UCLA Anderson School of Management offers up plenty of tips and news for its programs.

General Tips

Our last list features a round-up of tips that can help you organize your admissions process.

1. Know why you want to go to business school: This question will come up in your essay, interviews, and everywhere else in the admissions process. Expressing a clear set of goals for how business school will affect you personally is what deans and presidents want to hear.
2. Be thorough: Be thorough with your research, tracking down teachers who can write your recommendations, evaluating your skills, and reviewing your application.
3. Be honest: Admissions directors conduct background checks, so if you lie on your application, you’ll be disqualified immediately.
4. Pick a backup school: It’s the same rule as college, but even more necessary now, since MBA schools are even more competitive. Have a backup school waiting in the wings in case you don’t get in to your first choice.
5. Emphasize Your Leadership Skills: Business schools have an invested interested in how well you can demonstrate leadership skills before, during and after you earn your MBA.
6. Proactively Address Academic Gaps: Make sure all of your prerequisites and transcripts are in order.
7. Every Contact Counts: Don’t blow off an interview or make a rude phone call. Know that every contact with your business school counts.
8. Visit the campus: This shows the school how interested you are and gives you a better idea of how you think you’ll fit in.
9. Prepare adequately for the GMAT: Take practice tests, understand the format, and of course, get a good night’s sleep and eat breakfast before the exam!

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

Source: http://www.bschool.com/blog/2008/100-best-mba-admission-tips-all-in-one-list/

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Tier-II cities like Lucknow, Pune and Coimbatore are driving up the numbers

MUMBAI: The race for the IIMs just got tougher. Applications for the Common Entrance Test (CAT) have soared by 26% this year which means each seat will have 170 contenders. A total of 1,700 seats are up for grabs in the six premier B-schools across the country.

Interestingly, though there has been an overall rise in the number of applicants, it’s Tier-II cities that have spurred the numbers.

A total of 2.9 lakh students will take the CAT this year as compared to 2.3 lakh last year. This year, there are an additional 200 seats too. Besides the IIMs, several other management institutes also use CAT scores for admission.

“We have got around 60,375 applications this year from Delhi and Lucknow centres. Though the applicants have risen by 19% in Delhi, in Lucknow [tier II city], applications have shot up by almost 90% in the past two years. One reason for this could be the increasing popularity of CAT,” says Saji Nair, chairperson (admissions) at IIM Lucknow.

“Many new B-schools have come up in the North and they have also started accepting CAT scores and this could also be a factor that’s driving up the numbers,” adds Nair.
As compared to the 19% in Delhi’s applicants and an 18% hike in Mumbai, the numbers are higher in cities like Noida (25%), Coimbatore (27%), and Gurgaon (21%).
Satish Deodhar, chairperson (Admissions), IIM-Ahmedabad, says applications in Pune have gone up tremendously.

“It has always been an education hub and the awareness about the opportunities after CAT is increasing, which was not there earlier,” he added.

Deodhar added that the rise in Ahmedabad centre (which also comprises Mumbai) is not as much as the Bangalore centre (which comprises Pune). The increase in Ahmedabad centre is only by 18%, whereas the Bangalore centre has seen a rise of 28%.

Some experts also feel that the perception about an MBA is changing for young people in tier II cities. “The increase is all-round. Even applications in Mumbai and Delhi are going up, but for people in tier II cities, an MBA is a passport to success. They were not aware of the avenues that an MBA degree offered earlier,” says Aks Srinivasan of TIME, a coaching institute.

Srinivasan says candidates are moving from Bihar, Uttar Pradesh and Madhya Pradesh to metros like Mumbai and Delhi only to get trained for CAT. “We are also noticing the same shift in towns like Akola and Aurangabad in Maharashtra,” says Srinivasan.

While increasing awareness is one factor, the global market crash may also be playing a role in the interest in an MBA. “There’s been a rise every year. In 1997, there were just a few thousands appearing for the CAT, while the increase is manifold today. This year, students might be worried about the US meltdown and the fear might be forcing many candidates to acquire an MBA due to job uncertainty in the future,” says Shiva Kumar, director (academics), Career Launcher, an institute which grooms candidates for the CAT.

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

Source:  http://spoonfeedin.blogspot.com/2008/10/india-cat-race-hots-up26-jump-in.html

Yogita Rao

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