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
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
Industry needs ‘Team Player’ and not ‘Hero’ who is happy with one’s own success .
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
Focus on entrepreneurial approach (to treat organization as one’s own )
Train students to get jobs based on their MBA qualification and not that of graduation degree.
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:
“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.
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
Qualities of a Good Manager- Corporate requirement
Leadership, entrepreneurship and strategy are more art than science.
Success in life can be measured with level of happiness, kindness, peace of mind and love.
Academics may be poor predictor of workplace success. (This hardly implies that good academics are a guarantee for workplace failure.)
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)
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.
Role of a Business Leader by NARAYANA MURTHY, Mentor Infosys
To raise the confidence of followers.
To create hope about a better future for the organisation
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.
To create an environment where any employee can disagree with , without fear of reprisal.
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
Complete Information For complete information on all MBA /PGDBM Programmes in India & Abroad Please visit the website www.marcbschool.com
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: firstname.lastname@example.org, email@example.com | firstname.lastname@example.org Website: http://www.marcbschool.com/