The cream of B Schools will never have to worry about the effect of such events on their placements!
Even after the crash of 2008, major financial institutions kept hiring like nothing had happened.
In fact, they put conditions on accepting stimulus money under which they could keep hiring professionals they wanted at exorbitant salaries and benefit packages!
This news is a lame attempt at raising baseless fears to add gravity to an artificial financial upheaval!
Re: Nonsense
by patriot on Aug 14, 2011 06:27 AM
you are an idiot. TARP deal was that it would be harder to hire H1B. Here they are talking of indian business schools and its recruitment. The biggest danger to the world are idiots with a mouth.
Most of them do not worth the benefits they receive; Top organizations offer huge salaries to boost their image and reputation, and ultimately put the charges on all their products thereby increasing the cost of living. Many of these B-school products are the reason for the failure of many major cos. and banks. The time has now come to recruit lower level people with reasonable salaries, and train them to suit the needs of various types of cos. Probably, these B-School products can be appointed as short-term consultants for one-time fees to train the Cos own recruits.
What the graduates of these world class institutes are doing for the country? Most of these grads are living abroad earning fat salary and giving their best for the country they are working.
Re: Re: World Class Institutes
by economicpundit on Aug 10, 2011 12:46 PM
Problem lies at the top echelon and it starts trickling from CEO level and goes down till the bottomest surface of the organisation. No COMPANY owner wants to have honest employee and Interview process is designed in such a manner that they screen all such honest persons at the very starting level itself. If for some reason, good employees get berth in organsiation then their life is made so miserable that they have to keep on doing job hopping. Job Hopping is a creteria to measure the honest of employees . Honest and upright persons who wants to put effort for company's growth is thrown out of window by none other than the wrong crony people working as coterie of owners.
all these institutes have courses oriented towards western way of thinking or marketing .as it has come a flop is it not time to look at innovating system which suits towards indian system.
I have been trying hard to understand some of these terms and been reading articles about it. But can someone explain to me in simple language please the following: 1) WHat exactly is meant by downgrade credit rating? does it mean the US cant borrow at the rates that they used to borrow until now? has the interest risen for borrowing? 2) How does that explain the fluctuations in Indian Sensex? Does this means the stocks of purely Indian companies like reliance and tata vary as well? whats the relation here? 3) Is greece,spain and italy situation because of the borrowing culture and unable to pay off their debts? So if the govt is going to bail them out, how does the govt recover that money? 4) What exactly does mr gandhi mean when he says to revive the economy, borrow more? really confusing!!!
Some of these queries look very basic, so plz dont mock and would really appreciate to have these answers. Am sure there are quite a few non-economic guys out there too confused at some of the terms used.
Re: Help needed on the understanding of some of these terms!
by ma bangi on Aug 10, 2011 12:09 PM
The budget deficit is when the government spends more than it receives in revenue. AAA Highest Credit Quality AA Superior Credit Quality A Satisfactory Credit Quality
BBB Adequate Credit Quality BB Speculative B Highly Speculative
CCC Very Highly Speculative CC Extremely Speculative C Extremely Speculative
D In default of principal, interest, or both There something called shopping of ratings. Agencies can be manipulated
Re: Help needed on the understanding of some of these terms!
by Tom on Aug 10, 2011 12:10 PM
Give me ur mail id if u have no issues. I will try to explain.
Re: Help needed on the understanding of some of these terms!
by Jitendra Sncheti on Aug 10, 2011 12:18 PM
1) There are some agencies which gives ratings to country and companies.Standerdes and Poors is one of that.This ratings helps investors to think about invesment in particuler country or in stakes of perticuler company.Because of extra expences did by us govt situation is arrived that US had already crossed limits of borrowing money. SO rating companies redused US rating from AAA to AA .It dosent mean US cant borrow , But question arries who will lend money to US in this situation.It ultimetly effect on interest rates bcs lender is taking risk at this time so he may rise interest rates. 2)Our companies like IT industry depends mostly on export to US . 60 % of their revenew came from US . If it is facing prob other co depends on it like Reality and banking will have to face problem . Finally all are interdependent so Sensex is fluctuating. Investors are afraid bcz of panicness.Its only sentiment which causing peoples to keep themself away from buying. But market will recover soon. 3)Yes greese and other country facing same problem bcs of over borrowing.Peoples became unable to pay bcz of non raising salary and increase in living cost. Thay become unable to pay their EMI. Companies not rising salaryies bcz of slow down. This is a circle. So its necessary to break it somewhere so govt is trying to cut it by giving bails. Govt will recover it as economy comes on track. 4)Its difficult to understand this without knowing economics principles.If people stop borrowing money thay s
Re: Help needed on the understanding of some of these terms!
by Bharatiyan on Aug 10, 2011 12:23 PM
1. Downgrade means USA is not that credit worthy, it means borrowing cost should go up. But Federal reserve made it clear that they will keep interest rated near zero till mid 2013, this intern lowered the yeild on bonds... Its contradictory to the theory.
2. If borrowing cost goes up then USA will spend less, this will intern effect the trickle down of dollar to india, which means less profit for indian companies and ppl.. so this will effect our economy...
3. Most of the EU and many other countries are in debt including india as well.....
4. Gandhi say as US consumers are in debt and high unemployment rate there is weak consumer demand, so if US Govt borrows more money and spends on infrastructure project this will create jobs and stimulate the economy which intern helps public to get out of there debt...... But earlier stimuls package directly went into banks......
Re: Help needed on the understanding of some of these terms!
by Bharatiyan on Aug 10, 2011 12:23 PM
1. Downgrade means USA is not that credit worthy, it means borrowing cost should go up. But Federal reserve made it clear that they will keep interest rated near zero till mid 2013, this intern lowered the yeild on bonds... Its contradictory to the theory.
2. If borrowing cost goes up then USA will spend less, this will intern effect the trickle down of dollar to india, which means less profit for indian companies and ppl.. so this will effect our economy...
3. Most of the EU and many other countries are in debt including india as well.....
4. Gandhi say as US consumers are in debt and high unemployment rate there is weak consumer demand, so if US Govt borrows more money and spends on infrastructure project this will create jobs and stimulate the economy which intern helps public to get out of there debt...... But earlier stimuls package directly went into banks......
Re: Help needed on the understanding of some of these terms!
by patriot on Aug 14, 2011 06:30 AM
look for phrase, contagion effect. Govt of greece, spain etc is not going to bail them out but other governments. It will be say germany lending to greece and greece being the one who couldnt pay its debt. This has more directly to do with government debt and indirectly with personal debt and borrowing culture. Gandhi is stupid.
India is developing since you can exploit their people via caste system. China is developing since you can exploit their people by abusing human rights. Americans are suffering since 1981 by letting Chindia exploit their people via Outsourcing.
Given the hefty fees and prospectus fee, they should be termed as Corrupt Centres. How could such institutions inculcate Values in their students when they themselves are entangled badly in making money through all means. Besides, their grads are earning bad name in market as they show also nil value addition through their knowledge. Their grads are burden to already squizzing job market. Many B School inflate their grads pay packets being doled out by companies during Campus Interview. They churn out simple employees who are worth for nothing. Rather B School should focus on giving more entrepreneurs. Also, they should also come under Janlokpal. The foundation of grads will always be week if the values on which such B School functions. Most importanly, why Industries are themselves not training or imparting education on Management to new incumbents in their organisation by sponsoring their fees and allied expenditure. Unless B School reduce fees and importantly add value to the society , it is worthless propositon and all B Schools should be scrapped as they add overburden to job economy in India.
Re: Re: B-Schools are centres of Corruption than Excellence
by Rajesh Modi on Aug 10, 2011 11:47 AM
As a silver lining of downgrade CRUDE OIL has shave $ 20/- and is good for the ORDINARY brownish INDIANS (and not the 'sophisticiated' 'white' who study at MBAS) AND THE EVERY brown media baron worth thier paid news should come together and bring speculte their paid news money so as to further bring down the CRUDE OIL price for the HP BP IOC so as to bring down the petrol diesel prices for the benefit of ordinary rediffmail aam admi
Re: B-Schools are centres of Corruption than Excellence
by ramesh kumar on Aug 10, 2011 11:43 AM
Well said. B schools should inculcate management skills on ordinary people so that the industry productivity increases. Instead they have become high cost havens and glamorous attracting bright individuals to do ordinary activities!!
Re: Re: B-Schools are centres of Corruption than Excellence
by chintan jhunjhunwala on Aug 10, 2011 12:04 PM
first of all management cannot be a constant way of making things work as the dynamics in the ground keep on changing.unless one does not have an inner ability for business or managing things doing these courses are useless.
Re: Re: B-Schools are centres of Corruption than Excellence
by economicpundit on Aug 10, 2011 12:32 PM
Need of the hour is that Industry itself take the burden of grooming young graduates with all competency and managerials skills that they require to bring excellence in their operational domain. Ficci, CII or Assocham- such Apex body should address the need and ensure there is no further burden on the economic health of graduates willing to make long term career with an organisation. Industries should take burden of expenses of management education on themselves by sending their employees for such courses else it should be termed and deemed as Corporates game plan to make hefty margin and profitability at the cost of their employees foolishness.
