2006-02-01

God is in details

BCG shortlist did not cause any surprise. It appeared as though both McK and BCG had a joint session to come out with shortlists. I say this because both the shortlists have many common students, most of whom are IITians.

IITians are in great demand. As they say, the biggest differentiator in this age is the ability to get into microdetails. Both Investment Banking and Consulting need from people the ability to get into microdetails and still be able to put these data into a structure. In investment banking, structuring of deals is critical and without being able to know what others will find difficult to know, there is no way to structure exotic products. Similarly in consulting, being able to rip apart a process or a system and see much more than what the client himself can see is what is quite critical in achieving cost savings or new product designs. The world belongs to the people who have an eye for detail and structure. God indeed is in details.

If you haven't figured out by now, I have not been shortlisted.

9 comments:

Anonymous said...

Hi,

Yep - you are right. As much McK and BCG say in PPT's, they look at overall profile of candidates etc, they still shortlist in India, mostly IIT'ians or dean's list potential. Academics is the basic thumb rule for selection followed by personality etc.

Even in my batch, that was the case. The Indian consulting recruiting mindset probably will change over time.

Ashwin
CO 2004, ISB

Anonymous said...

dean's listers - yes.
IITians - not necessarily. The list has non IITian, CA, Com Grad,Eco Grad, MBBS too.

itheabsolute said...

Ashwin

no complaints in any case. these are successful companies and know pretty well what they are doing.

sure, at a fundamental level, as a country, we need to move from one perspective, academics, to multiple perspectives in judging a person

cheers

itheabsolute said...

anonymous

sure, i figure out from the list there are others too. but that would not change anything because the largest representation is from IITs.

Anonymous said...

I am not saying anything about
IITians, r recruiters alumni
of IIT's? also observed there
is also some hidden agenda among
IITians (this is personal observation), nothing wrong with that as such it is the essence
of alumni networking, if
you don't mind it is the same
as ISB networking don't u think
so

Anonymous said...

you decide to be politically correct by remaining silent on the
last comment, why ?

itheabsolute said...

isn't it fair on your part to reveal who you are?

one of the good ways of recruiting is through references. if consulting firms had to do this, why should they come to b-school. having said that, maybe, alumni network and self-preservation instincts of IITians may have played a role. i cannot rule out your thinking

cheers

Anonymous said...

Who am I, not a Victim of that network, but a silent observer
of the network clans!

I commend your sincerity and honesty.

Pray the best for you.

Anonymous said...

i work for a psu and we have beaten the hell out of these iitians...lazy slobs want only a.c.rooms ,good work enviroment..not willing to slog in shop or shifts or offshore sites.
some of india's best firms like NTPC never take any iit b.tech fellow.
and as for their intellectual...its all crap..everyone studies the same things and AIR 50 is no assurance that you will do well in your job/life.
and as for consulting companies just read "the smartest guys in the room"--it exposes this mc & bcg mindset.

2006-02-01

God is in details

BCG shortlist did not cause any surprise. It appeared as though both McK and BCG had a joint session to come out with shortlists. I say this because both the shortlists have many common students, most of whom are IITians.

IITians are in great demand. As they say, the biggest differentiator in this age is the ability to get into microdetails. Both Investment Banking and Consulting need from people the ability to get into microdetails and still be able to put these data into a structure. In investment banking, structuring of deals is critical and without being able to know what others will find difficult to know, there is no way to structure exotic products. Similarly in consulting, being able to rip apart a process or a system and see much more than what the client himself can see is what is quite critical in achieving cost savings or new product designs. The world belongs to the people who have an eye for detail and structure. God indeed is in details.

If you haven't figured out by now, I have not been shortlisted.

9 comments:

Anonymous said...

Hi,

Yep - you are right. As much McK and BCG say in PPT's, they look at overall profile of candidates etc, they still shortlist in India, mostly IIT'ians or dean's list potential. Academics is the basic thumb rule for selection followed by personality etc.

Even in my batch, that was the case. The Indian consulting recruiting mindset probably will change over time.

Ashwin
CO 2004, ISB

Anonymous said...

dean's listers - yes.
IITians - not necessarily. The list has non IITian, CA, Com Grad,Eco Grad, MBBS too.

itheabsolute said...

Ashwin

no complaints in any case. these are successful companies and know pretty well what they are doing.

sure, at a fundamental level, as a country, we need to move from one perspective, academics, to multiple perspectives in judging a person

cheers

itheabsolute said...

anonymous

sure, i figure out from the list there are others too. but that would not change anything because the largest representation is from IITs.

Anonymous said...

I am not saying anything about
IITians, r recruiters alumni
of IIT's? also observed there
is also some hidden agenda among
IITians (this is personal observation), nothing wrong with that as such it is the essence
of alumni networking, if
you don't mind it is the same
as ISB networking don't u think
so

Anonymous said...

you decide to be politically correct by remaining silent on the
last comment, why ?

itheabsolute said...

isn't it fair on your part to reveal who you are?

one of the good ways of recruiting is through references. if consulting firms had to do this, why should they come to b-school. having said that, maybe, alumni network and self-preservation instincts of IITians may have played a role. i cannot rule out your thinking

cheers

Anonymous said...

Who am I, not a Victim of that network, but a silent observer
of the network clans!

I commend your sincerity and honesty.

Pray the best for you.

Anonymous said...

i work for a psu and we have beaten the hell out of these iitians...lazy slobs want only a.c.rooms ,good work enviroment..not willing to slog in shop or shifts or offshore sites.
some of india's best firms like NTPC never take any iit b.tech fellow.
and as for their intellectual...its all crap..everyone studies the same things and AIR 50 is no assurance that you will do well in your job/life.
and as for consulting companies just read "the smartest guys in the room"--it exposes this mc & bcg mindset.