Certainly, everyone knows that MBA is not the end of the world, nor is it the "only" way to earn 6 figure salaries. But, what everyone also knows is that MBA(specially from IIMs, XLRI, FMS etc.) is the "fastest" way to earning 6 figure salaries - atleast, in the current context of India, with it's booming economy and severe shortage of "quality" managers. This is the reason why some 200000+ students had battled CAT 2006.
RE:Why does rediff publish such foolish articles ?
by Prashant on Nov 25, 2006 08:29 PM
Friend perhaps you are right that IIMS give a perfect platform for the six figures salary but ever wondered why so many high fliers quite their jobs for a less paying but satisfying job.Its not the money that is important,its the quality of work you do that matters and its your own goals that define your career plan. Money is perhaps the last thing you would think of once you are have been working for some 3-4 years.
Number of people who gave CAT this year: 1,90,000 Number of seats: 1900 So that means 1 out of 100 students cracks the exam. Getting frustrated is of no use...most of the students do not crack it. There are lots of other options in the world like MAT, or maybe u can go abroad, etc. What i believe is: it does matter which institute you r doing mba from to a certain extent. After that, its all your knowledge and experience that counts. So dont lose heart, there are numerous options available.
The only difference between a IIM and a non- IIM candidate is : when you are in IIM, you need to choose the employer, coz they already know who you are, and when you are not in IIM, you have to prove yourself. And if you believe yourself, if you believe in your abilities, i dont see any reason why you cant get a good job later.
I majored in english literature from a reputed college and after graduation, there was a lot of pressure for me to do an MBA. But I received an offer from an MNC in advertising and today I am project lead. All this without an MBA but with hard work and interest in what I do.:) Plus, my manager has seven years of experience without an MBA but she is part of top management today!
RE:try politics
by joydeep on Nov 21, 2006 08:22 PM
tht is a gr8 story mate , well I certainly agree with you ... n WEll it is nt only thre iim's tht produce gr8's , but you all are living examples of tht fact ... N it is actually the media tht creates such a big hype bout it N the huge salaries , though th picture is also not tht gr8 there also as it is perceived to be ....
I have failed the CAT exam thrice. I put in a lot of efforts as though it was the end of my life. I religously put in 4hours of study for everyday of those three years....and yet, I did not get a call from IIMs.
I can tell you the actual split of study hours, the number of Mock CATs I took, the number od coaching institutes that I went and also the CAT papers and what happens?? I will get a long list of post mortems.... What went wrong? How should I deal with it? Where should I concentrate? Fine..
I have done MCom (Finance) from a university. I have got a lucrative job in a MNC and was happily playing the role of a Financial Analyst for International Stock Markets for a year. I was trying hard to bridge the difference between an "MBA" and a "MCom". And today, I am a Risk and Compliance officer for UK stock markets. I work on MiFID and Basell II (the most coveted areas in Finance and Banking).
I travel abroad for 20days in a month on a project.
Hi, Congrats to the prospective IIMites and, some food for thought for those who have not made it ! Like how Gayathri Bhanusekar puts it, It is not the end of Life. Moreover if you cant take the failure of the CAT, will that be a quality of a manager ? Some of the greatest managers and leaders India have produced are not from the IIMs. The best example would be Laloo, who without an MBA(Forget the IIMs..!!) could really defraud the public through the Fodder Scam and also turn the Railways into A Profit making Zones. Narayana Murthy,Ambanis,Vijay Mallya .Arent....these examples sufficient enough to prove that CAT is not that decides your life... The only advice is, people who make it big, believe in the power of visualization , desperation and urge to make it big.These are the essentialities required from the biggest business man in the world to the richest beggar in the Mumbai city.
The IIMs are a part of a networkim of Alumni,MNCs and some vested interests to keep the hype alive about them.Only there entrance is tough.IT is tough becasue it is built mirrationally, fixinf too less time and giving long passages to answer. I am not sure what the CAT aims at testing. Secondly even if we agree that mentally more allert and analytical minds get through it, the syllabus of IIMs has nothing novel or great.It is general syllabus for business adminustration. What makes IIMs look attractive is placements which take place than ks to the above mentioned network.
We have another view to it which has serious social deimensions.hear burning has already started and now IAS and ciivl services are demandingn drastic hanges in salaries and perquisites.Other lesser companies also have to shell out more.These have infaltionary tendencies.By no stretch of imagination a fresh graduate having doen a course merits a wage of Rs 5 lacs per annum in India where average per capita earning is only Rs 25,000/,Most brilliant cant give value as much as that.Any management graduate from any scholl can do that job may littkle inferior way.
