IIM Raipur Bids Adieu to The PGP 13-16 Batch

 

The final days of PGP 13-15 batch were fun filled with dance, music, parties ,emotions, nostalgia and confessions .

Here is a glimpse of what they had to say about their final days at IIM Raipur.

 

 

 

 

Last Minute GD/PI preperation Tips

Owing to multiple requests from Candidates ,IIM Raipur recently organised a google Hangout session on 'Last Minute WAT/PI tips' .In case you missed it Watch the full video of the hangout here

Career in CAT Coaching – is it a good idea?

Hi, I am Ravi Handa and I run an online cat coaching course via my website www.handakafunda.com .Although I started the course in early 2013, I have been involved in the CAT coaching space since I got out of college in 2006. I have seen my fair share of candidates trying their hand at CAT coaching and that prompted me to pick this up as the topic for the blogpost when Rohan invited me to write on the IIMRaipur blog.

The ABCs of MBA interview Prep

As an MBA aspirant, there are few things you should know while preparing for your interviews.

Basic understanding of your college material and work profile is a must.

Condition your mind so that you answer questions like a manager – that’s what the interviewers are looking for.

Dress appropriately and be well groomed before your interview.

Economic and current affair know-how is a must.

Failure to get into a good college is not the end of the world – always maintain the right attitude.

Get subscriptions for publications such as The Economist, Mint, or Times of India.

Have fun preparing – all this is pointless if you do not enjoy it.

Interests and hobbies will be questioned – don’t lie about them on your resumes.

Join online discussions in various chat rooms and threads.

Know your strengths and weaknesses.

Learn as much as you can about the colleges before deciding to join one.

Make study groups to hold mock discussions – keep it informal, but speak about pressing topics in our world 

today (Russia-Crimea Incident, Oil, Chinese Economy, Eurozone, 2008 Crash, etc.).

No one expects you to know everything – it is okay to say that you don’t know something.

Only the confident get selected – maintain your confidence levels.

Pester your mentors/contacts to help you learn key concepts.

Quantify your progress.

Read anything and everything that crosses your eyes.

Stop procrastinating.

Time management skills are extremely important for an MBA aspirant, so work on them starting today.

Understand and improve your political and state-specific know-how.

Verify all facts before mentioning them, so that you don’t make a fool of yourself.

‘Why MBA?’ is perhaps the most commonly asked question, so get a good answer for it.

X-marks on your CV such as failures in college, lack of extracurricular activities, etc. should be worked on, and valid reasons for the same should be prepared.

You should try to steer the interview in the direction you are most comfortable with.

Zone in on the area that you would like to specialize in – Finance, HR, Operations or Marketing – with reasons for choosing so.

All the best!

Vishnu KC, PGP16 ,IIM Raipur

Indian Car Market:Foreign Brain Vs Desi Dimaag

It started with Hindustan motors in Kolkata, West Bengal, then Premiar, Mahindra & Mahindra, Maruti Suzuki, Tata Motors, Ashok Leyland and now India has the manufacturing facility of world’s biggest names in passenger vehicle industry. It has a very feel good effect in the common people of India on the street because they can test the experience the brands like Hyundai, Toyota, Volkswagen, Nissan, Renault, GM, Ford and many more. But the people who are waiting inside the showroom for the customers to selling their ‘Desi’ cars or people in the manufacturing unit whose working days have been reduced from six to four, three or two or have been given VRS to adjust with the low demand of market have lots of reason for feeling not good.

Director and CEO of Videocon Telecom Mr. Aravind Bali at IIM Raipur

Mr. Aravind Bali, Director and CEO of Videocon Telecom interacted with the students of IIM Raipur today. During the hour long interaction, he answered various queries from the students concerning the telecom industry in India and Videocon’s plans for expansion in India. The guest lecture is part of Videocon’s effort for a better association with the premier management institutes around the country and to collaborate on various strategic and management activities.

The session revolved around Videocon’s plans to launch 4G in India and the challenges that it would have to overcome. Mr. Bali started the session with a short presentation to give the students a background about the industry and the rise of 4G technology. He described how the telecom industry had rapidly evolved over the years starting from the humble telephone to wireless and 4G technologies. “Around 1.5 crore mobile handsets are sold every month in India alone”, he said highlighting the pace at which the industry has grown in the country.

Speaking about the challenges of 4G he said, “In India barely 15% of the mobile users have 3G capable devices. Introducing a new technology while its predecessor has failed to achieve a significant penetration in the Indian market would indeed be a challenge.” He also spoke about Videocon’s plans to reintroduce an upgraded version of 2G - the 2.75G- in those markets where 3G failed to make an impact.

As the students probed him about Videocon’s strategies for launching the first 4G mobile plan in India he responded that Videocon telecom has always tried to provide the best technology at the lowest prices and that the company would be following the same strategy for the upcoming 4G launch as well. “At Videocon we aim to provide the best value for money to customers and retailers”, he said. The idea was to make the 4G offering even cheaper than 3G. “Our 4G offering will be 90% cheaper than all the 3G packages available today. Customers will be charged on the basis of the bandwidth they consume”. He also said that it was important for the company to communicate all the benefits of its products especially to customers who weren’t so tech savvy. “This would mean defining the offering innovatively, say in terms of number of movies you could watch or number of songs you could listen to.”

Before leaving, he stressed on the importance of a strong academic industry relationship in order to create a better collaboration on management related activities.

Being a Master or a Misfit depends on your choice! Selecting your dream B-School

Few of the most commonly considered factors before selecting a B-School are Placements, Peer Learning, Faculty, Infrastructure, Accessibility, Specialties, Gender Ratio, Student Exchange Programme, Flagship Events and Alumni network, not necessarily in that particular order. It is mostly subjective and one needs to get one’s priorities correct before homing into a school.

I’d like to reiterate the stated point as it is most important that one understands what one wants from a B-School, because more often than not, given sufficient effort, one ends up getting it. So, get your priorities correct!!!Else you’ll be just another drifter wondering what to do while time flies by and you’ll be doing some job in some company.

Considering the time of posting this, you all have already prepared well and gave your best in your respective exams. So, that’s out of the window.

There are two types of B-Schools, those which offer a Post Graduate Programme with a Generic orientation (IIMs etc.) and those which offer a more Niche orientation (MICA, IRMA etc.), and there are two types of programmes, aone year executive MBA programme and a two year regular programme, the former is aimed towards working executives who wish to seek a better position in their existing vertical and the latter allows more leverage who wish to change their verticals. This is a bird’s eye view and this must be sufficient to give you a generic idea as to the “where” and “what”. There are B-Schools which offer a three year MBA, but three years is too much of a time for an MBA.

Once you have that figured out, concentrate on the factors which are mentioned in the beginning and find out from the internet and your friends who are already studying as to what is the emphasis in the B-School. You will get a fair idea about what the institute wants to do in their vision and mission statements, some might concentrate on Research, some might concentrate on foreign businesses, others might concentrate on building leaders, few others boast of socially responsible professionals and so on and so forth.

Placements shouldn’t be a concern so long as you are in the top thirty. When you go beyond that, you will need to look at the Age of the B-school, Programmes, Events, Corporate Relations, Publications, Faculty, Proximity to a Business Hub and finally the Placement Reports. However, placement reports are fudged by many and they shouldn’t be looked in isolation. There are B-Schools which boast of an average annual pay-out of 15 lakhs and higher, but in reality, it might be somewhere near 6 lakhs per annum. You will need to calculate the Return on Investment for spending a substantial amount of time and money, on the B-School and come to a consensus regarding the viability of you joining it.

Events are a great way of gauging a B-School’s activity as they represent the general level of students in the college. More events with better reach will imply that a B-School is working hard to make a mark (or) is already identified as a viable partner by the local businesses as most of the funding is provided by them. A B-School which is identified by local businesses will, in no time, network with the biggies and good placements are assured. Similarly, the proximity to a Business Hub can also be seen as an equally important factor in the same lines.

Age of the institution is also a measure of gauging the performance of a B-School as it signifies the maturity of general environment within the B-School, although, as a word of caution, this shouldn’t be taken in isolation. In-fact, none of the factors must be taken in isolation and a consensus must be drawn after considering at least four of the factors which have been mentioned.

Before making the final call, look at the B-School ratings from multiple sources, not from magazines or generic websites (some of them receive kickbacks from B-Schools), but from specialist-institutional bodies like TIME, CL, IMS etc. Compare them, talk to various sources like your mentors in your training institute, friends, PagalGuy fraternity etc. Again, talk to multiple sources and don’t go by one opinion.

Finally, the decision to join an institute must be purely yours and must not be influenced by any other factors.

P.S 1: This pertains exclusively to students who wish to pursue a Post Graduate Programme in India.

P.S 2: I’ve attempted to write this article in as simplistic terms as possible without diluting the gravity of the situation and as such is targeted towards those who haven’t the first clue or are on the verge of making a decision!!

The article is written by Ravikanth V,he is a student of pgp 2014-16 batch of IIM Raipur.