Are you ready for the Industry?


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Placement Criteria for MBAs

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Are you ready for the Industry?

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