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Placement Criteria for MBAs

Placement Criteria for MBAs

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  • 1. Compiled by
    AQME
    (Association for Quality in Management Education)
    Selection Criteria of Corporates for MBAs?
  • 2. We welcomeyou to ...
  • 3. How companies select MBAs?
    Good companies don’t select anyone for having MBA as ‘just another degree’.
    More than knowledge – selection is based on ‘Attitude ‘ and ‘Skill’
    ‘Brand image’ of the institute plays crucial role in initial selection.
    “Industry Ready” students are preferred because it saves lot of money on training
  • 4. Industry Expectations
    • Flexible and creative approach to deal with uncertainty . There is never perfect information. In fact if there is perfect information even a clerk can make the decisions a CEO does
    • 5. Industry needs ‘Team Player’ and not ‘Hero’ who is happy with one’s own success .
    • 6. Integrated approach ( Knowledge of all fields like Finance + Marketing + HR + IT + Operation Management)
  • Corporates select those B Schools that…
    • Create proper environment to develop sense of camaraderie and mutual respect - for workplace success one needs to get everything done through other people (team work), brilliant academic record alone is not sufficient
    • 7. Focus on entrepreneurial approach (to treat organization as one’s own )
    • 8. Train students to get jobs based on their MBA qualification and not that of graduation degree.
    • 9. Teach 6Ps – Proper Prior Preparation Prevents Poor Performance (‘Finishing School Concept’ – to make students ‘Industry Ready’)
  • Real Impact of AICTE/UGC Approval for job opportunities
    Only three UGC approved courses are most reputed ones and ranked highly:
    • FMS (Faculty of Management Studies), Delhi
    • 10. Bharathidasan Institute of Management, Trichy
    • 11. University Business School (UBS), Chandigarh
    Status of AICTE approved colleges:
    • Before 1990 – Most reputed colleges
    • 12. 1990 to 2000 – Very Good
    • 13. Beyond 2000 – All are not good
  • Basis of high salary
    • Brand Image (Reputation of MBA / PGDM institute in Industry)
    • 14. Performance during Summer Internship Programme (SIP)
    • 15. Pre MBA Qualification {Quality of graduation degree (BA, B. Com, B. Sc., B.Tech etc) & brand value of institute offering the same) }
    • 16. Quality of Experience (before joining MBA Course)
    • 17. Performance in campus interview (Knowledge, Skill and Attitude)
    • 18. Communication & Leadership Skills
    “You are hired for your technical skills, but fired for the lack of soft skills” – Shiv Khera, Founder of Qualified Learning Systems
    • Report of Psychological tests for evaluation of attitude and skills
  • Payment Packages of MBA Students in India (On Average)
    • Average companies of India: 1.2 to 2.5 L
    ( Only for students of normal B Schools – but for the below average B Schools even Rs Ten Thousand per month salary is difficult to get )
    • Good companies: 2.5 to 4 L
    (For students of above average B Schools)
    • IIMs : 8.5 L average (MNC’s)
    (Not all IIMs)
    • Top B Schools: 4.5 to 7 Lakhs( By Renowned Corporates only)
    (For students of reputed institutes only – not all)
    Note: Please don’t waste your precious time and hard earned money (even if it costs Rs 50,000 only for total MBA programme) for getting ‘just a degree’ that can’t get you even Rs Ten Thousand per month salary. There are ‘so many’ better options . Please consult a good career counsellor to get details of other job opportunities.
  • 19. How one becomes employable?
    • Crisis Management Skills (Flexibility and Adaptability)
    • 20. Multitasking & High Performance Focus
    • 21. Ability to change complexity into simplicity
    • 22. Prioritisation (Pareto principle - the 80-20 rule)
    • 23. Care and concern for all ( Proper understanding of people, place and time)
    • 24. Financial Intelligence with focus on details
    • 25. Differentiation and Diversity management (basic approach of creativity, commitment, camaraderie & Team Spirit)
    • 26. Customer Focus
  • Six skills hiring managers look for in YOU by Vikas Shirodkar, vice-president, Human Resource Development, General Motors, India
    • Need for in-depth functional knowledge
    • 27. Ability to work in teams
    • 28. Willingness to push the envelope (willing to go beyond what is defined)
    • 29. Willingness to take risks and innovate
    • 30. Ability to research and analyse data
    • 31. Voicing and being able to stand up for your opinions
    (http://getahead.rediff.com/slide-show/2010/aug/26/slide-show-1-career-what-hiring-managers-wished-you-knew.htm)
  • 32. A Survey of the Harvard Business School “Class of 1949”
    Qualities of MBA Executives
    When asked what advise they would give to young people who are starting their business career today,
    1. “Putting the ethical side ahead of everything else“ was one of four pieces of advice at the consensus level (i.e., urged by more than 80 percent of all class members).
    The other three were:
    2. “Learning to read and write effectively",
    3. “Depending on yourself and not on your employer for security" and
    4. “Learning a foreign language."
    http://www.danyankelovich.com/hbr49.pdf
  • 33. Qualities of a Good Manager- Corporate requirement
    • Eyes on detail
    • 34. Innovative approach to problems
    • 35. Successful relationship building and networking
    • 36. Professional credibility
    • 37. Finding goodness in others
    • 38. Flexibility
  • Who is called a team player?
    • Who respects other members of the team.
    • 39. Who has patience and doesn’t react
    • 40. Who has no likes and dislikes (region, religion, colour, caste and creed, gender)
    • 41. Who believes in ‘giving’ and not ‘getting’
    • 42. Who has time to listen & understand others.
  • Basic Qualities of a Business Leader - Dr. APJ Abdul Kalam
    • Leader must have a vision.
    • 43. Leader must have a passion to transform the vision into action.
    • 44. Leader must be able to travel into an unexplored path
    • 45. Leader must know how to manage success and failure.
    • 46. Leader must have courage to take decisions.
    • 47. Leader should have nobility in management.
    • 48. Every action of the leader should be transparent.
    • 49. Leader must work with integrity and succeed with integrity
  • As a Manager one should have capability to….
  • What they don't teach you at B-School As per Mr Kumar Mangalam Birla
    • Learning to work as part of a team
    • 54. Learning to take care of the details
    • 55. Learning to work across cultures
    • 56. Learning to make use of the gift of judgement and intuition
    • 57. Using failure as a stepping stone to success
    • 58. Learning a new, more holistic definition of success
    http://www.adityabirlascholars.net/aditya_birla_group/b_school.aspx
  • 59. Do Academics really matter?
    • Leadership, entrepreneurship and strategy are more art than science.
    • 60. Success in life can be measured with level of happiness, kindness, peace of mind and love.
    • 61. Academics may be poor predictor of workplace success. (This hardly implies that good academics are a guarantee for workplace failure.)
    • 62. To get academic success (good grades) one need to do everything alone but in workplace success one need to get everything done through other people (team work).
    (Based on article by Mr. Manish Sabharwal, Chairman, Teamlease Services - The Times of India, Bangalore - Monday, November 24, 2008)
  • 63. As per Sri Sri Ravi Shankar (Founder, The Art of Living) A Business leader has to be…
    ‘Samadarshi’, one who sees everyone as being equal;
    ‘Satyadarshi’, who moves with the Truth;
    ‘Paradarshi’, who is transparent in action;
    ‘Doordarshi’, being broad - minded and a visionary; and
    ‘Priyadarshi’, embodying love and compassion.
  • 64. Attitudinal Qualities of a Business Leader…
    • Knows how to manage failure
    • 65. Allows risk taking
    • 66. Makes workplace a fun
    • 67. Respects team members’ opinions & views
    • 68. Believes in equity, fairness and justice
    • 69. Permits team members to experiment and learn from mistakes & failures
    • 70. Create more leaders than followers
  • TWENTY TIPS FOR FIRST TIME MANAGERS By Jeff Schmitt - Part I
    • Learn the Business
    • 71. Meet with Your People Individually
    • 72. Set Objectives
    • 73. Make a Memorable Gesture
    • 74. Have a Department Plan
    • 75. Develop Each Person (Including Yourself)
    • 76. Recognize Your Limitations
    • 77. Cultivate a Mentor
    • 78. Build Bridges with Other Departments
    • 79. Increase Your Team's Exposure …… Contd
  • TWENTY TIPS FOR FIRST TIME MANAGERS By Jeff Schmitt - Part II
    (http://images.businessweek.com/ss/10/10/1008_first_time_managers/1.htm)
  • 89. Attitudinal qualities of a Business Leader…
    • Receptiveness
    • 90. Analytical power
    • 91. Magnanimity
    • 92. Good sense of humour
    • 93. Self Motivation
    • 94. Effective Communication
    • 95. Care and concern for others
    • 96. Creativity & Innovativeness ‘Out of Box Thinking’ – going beyond existing rules & norms
    • 97. Accepts one’s mistakes and failures
  • What aspiring managers need to do… By Steve Tobak | October 22, 2010
    • Pay people what they’re worth, not what you can get away with
    • 98. Take the time to share your experiences and insights
    • 99. Tell it to employees straight, even when it’s bad news
    • 100. Manage up … effectively
    • 101. Take the heat and share the praise
    • 102. Delegate responsibility, not tasks
    • 103. Encourage employees to hone their natural abilities and challenge them to overcome their issues
    • 104. Build team spirit
    • 105. Treat employees the way they deserve to be treated
    • 106. Inspire your people
    (http://www.bnet.com/blog/ceo/10-things-that-good-bosses-do/5868)
  • 107. Advice to young managers – By Azim Premji founder, Wipro
    • Take charge
    • 108. Earn your happiness
    • 109. Nothing succeeds like failure
    • 110. Nothing fails like success
    • 111. There has to be a better way
    • 112. Respond, not react
    • 113. Remain physically active
    • 114. Never compromise on your core values
    • 115. Play to win
    • 116. Give back to society
  • Role of a Business Leader by NARAYANA MURTHY, Mentor Infosys
    • To raise the confidence of followers.
    • 117. To create hope about a better future for the organisation
    • 118. Enhancing trust to create an environment where each person feels secure enough to be able to disclose his or her mistakes, and resolves to improve.
    • 119. To create an environment where any employee can disagree with , without fear of reprisal.
    • 120. To lead teams to fight for the truth and never compromise on values
  • Crucial things the business leader need to do .... (Excepted from the Last address to the Infosys’ management, employees and investors by its founding Chairman and Chief Mentor N.R. Narayana Murthy on June 11, 2011)
    To be firm in pursuing our values;
    To recognise our weaknesses; embrace meritocracy,
    To be open-minded about learning from people better than us,
    To learn from our mistakes and not repeat them;
    To be humble, honest and courteous;
    To be firm in taking quick decisions even though some of them may be unpleasant in the short term,
    To benchmark with the global best in every dimension, and
    To encourage innovation at every level to perform at global levels
  • 121. Complete Information
    For complete information on all MBA /PGDBM Programmes in India & Abroad Please visit the website www.marcbschool.com
  • 122. Director AQME (Association for Quality in Management Education)
    • AQME supports ‘Finishing School’ concept and develops courses & programmes that are carefully geared to respond to the diversity of corporate needs ranging from sharp functional expertise and evolved strategic perspective , to the ability to manage change.
  • Contact Us:
    Management Academy and Research Centre (MARC)
    No. 29 / 3 & 32 / 2, Kalena Agrahara, Next to Purva Panorama
    Bannerghatta Main Road, Bangalore -560 076, India
    Mobile: +91 96633 16590, 96633 16591 Phone: 080-2648 0855
    Email: adm@marcbschool.com, info@marcbschool.com | uks@marcbschool.com
    Website: http://www.marcbschool.com/