2010-03-24

At ISB

Was at ISB , my alma mater, for recruitment.

Wonder why people give up good jobs and go to b-school - if I have a good job and career without a management degree, imagine how good a job and career I will have when I get a management degree from a good b-school.

Honestly, tired of hearing the argument - ' CA course gives only accounting perspective; wanted management education to broaden my understanding of business'. Some of the most successful managers in India are Chartered Accountants. And some never had any professional degree.

Some very good people. But, lack of clarity on what one wants to do post-MBA is pretty difficult to appreciate. I wonder what these people tell the admissions officers to get into the b-school. Because every b-school wants to know what a candidate wants to do post-MBA

Many of the b-school aspirants - at least those coming to a b-school which takes experienced candidates - are looking for consulting / IB roles or career shift. 

As it is quoted in reference to b-school placements, CTC is 60 % non-cash (training costs, real estate cost, travel costs, canteen costs, etc); one-time joining bonus; and bonuses dependent on top rate performance. Think of the likelihood of someone performing at his/her best during first year of his/her job. Yet, people are interested only in CTC.  Offer of Gross salary (mostly cash) and a detailed explanation of what all (much of it cash) will come their way subject to performance, etc is unwelcome. If I concocted a fancy CTC number with the same gross salary, it would suddenly turn very mouth-watering. Alas!

Needless to say, there are good things as well that I can write about. We did make offers.And it felt good.

1 comment:

sansar said...

http://www.arindamchaudhurinews.com/innerpage.asp?sid=109

PROF. ARINDAM CHAUDHURI WRITES A LANDMARK ARTICLE ON HOW TO JUDGE B-SCHOOLS WITH REFERENCE TO ISB, IIMs & IIPM IN INDIA

2010-03-24

At ISB

Was at ISB , my alma mater, for recruitment.

Wonder why people give up good jobs and go to b-school - if I have a good job and career without a management degree, imagine how good a job and career I will have when I get a management degree from a good b-school.

Honestly, tired of hearing the argument - ' CA course gives only accounting perspective; wanted management education to broaden my understanding of business'. Some of the most successful managers in India are Chartered Accountants. And some never had any professional degree.

Some very good people. But, lack of clarity on what one wants to do post-MBA is pretty difficult to appreciate. I wonder what these people tell the admissions officers to get into the b-school. Because every b-school wants to know what a candidate wants to do post-MBA

Many of the b-school aspirants - at least those coming to a b-school which takes experienced candidates - are looking for consulting / IB roles or career shift. 

As it is quoted in reference to b-school placements, CTC is 60 % non-cash (training costs, real estate cost, travel costs, canteen costs, etc); one-time joining bonus; and bonuses dependent on top rate performance. Think of the likelihood of someone performing at his/her best during first year of his/her job. Yet, people are interested only in CTC.  Offer of Gross salary (mostly cash) and a detailed explanation of what all (much of it cash) will come their way subject to performance, etc is unwelcome. If I concocted a fancy CTC number with the same gross salary, it would suddenly turn very mouth-watering. Alas!

Needless to say, there are good things as well that I can write about. We did make offers.And it felt good.

1 comment:

sansar said...

http://www.arindamchaudhurinews.com/innerpage.asp?sid=109

PROF. ARINDAM CHAUDHURI WRITES A LANDMARK ARTICLE ON HOW TO JUDGE B-SCHOOLS WITH REFERENCE TO ISB, IIMs & IIPM IN INDIA