Competitions

CAT Prep

Upskill

Placements

MBA Co'26

RTI Response

Rankings

Score Vs. %ile

Salaries

Campus Tour

Success mantra shared by Mr. Raghuttama Rao - CEO & Managing Director at ICRA Management Consulting at IIM Udaipur

Jan 22, 2015 | 3 minutes |

Join InsideIIM GOLD

Webinars & Workshops

Compare B-Schools

Free CAT Course

Take Free Mock Tests

Upskill With AltUni

CAT Study Planner

Final 19 Days to CAT 2024 Test-26

Participants: 141

Final 20 Days to CAT 2024 Test-26

Participants: 179

Final 21 Days to CAT 2024 Test-25

Participants: 145

Final 22 Days to CAT 2024 Test-24

Participants: 165

Final 23 Days to CAT 2024 Test-23

Participants: 103

Final 24 Days to CAT 2024 Test-22

Participants: 154

Final 25 Days to CAT 2024 Test-21

Participants: 144

Final 26 Days to CAT 2024 Test-20

Participants: 195

Final 27 Days to CAT 2024 Test-19

Participants: 171

Final 28 Days to CAT 2024 Test-18

Participants: 169

Final 29 Days to CAT 2024 Test-17

Participants: 175

Final 30 Days to CAT 2024 Test-16

Participants: 193

Final 31 Days to CAT 2024 Test-15

Participants: 184

Final 32 Days to CAT 2024 Test-14

Participants: 192

Final 33 Days to CAT 2024 Test-13

Participants: 194

Final 34 Days to CAT 2024 Test-12

Participants: 227

CAT 2017 VARC SLOT- 2

Participants: 311

CAT 2017 DILR SLOT- 2

Participants: 155

CAT 2017 VARC SLOT- 1

Participants: 300

CAT 2017 DILR SLOT- 1

Participants: 106

CAT 2017 QUANT SLOT 1

Participants: 152

CAT 2017 QUANT SLOT 2

Participants: 69

CAT 2018 QUANT SLOT 2

Participants: 67

CAT 2018 QUANT SLOT 1

Participants: 107

CAT 2018 DILR SLOT- 2

Participants: 57

CAT 2018 DILR SLOT- 1

Participants: 81

CAT 2018 VARC SLOT- 2

Participants: 203

CAT 2018 VARC SLOT- 1

Participants: 296

Final 35 Days to CAT 2024 Test-11

Participants: 154

Final 36 Days to CAT 2024 Test-10

Participants: 133

It is always a sense of great joy and excitement when students of IIM Udaipur meet an eminent business personality. Preserving the legacy of industry interaction, the students of IIMU had the privilege of having Mr. Raghuttama Rao CEO & Managing Director at ICRA Management Consulting on campus. [caption id="attachment_52912" align="alignnone" width="225"] Picture Source : MMA, Chennai[/caption] Mr. Rao started his excellent career with undergraduate from IIT Madras; post which he did his MBA from IIM Ahmedabad. He was a Fulbright Scholar at Carnegie Mellon University Pittsburgh, USA where he gained proficiency in Cost Accounting. Being a member of ICRA’s start-up team, Mr. Rao has contributed to developing many areas of ICRA’s business, including Credit Rating, Management Consulting, and Research. He has served on ICRA’s Rating Committee for about ten years and has experience across several sectors, including infrastructure, banking/finance, structured finance, manufacturing, and energy. Sharing his experience, Mr. Rao first emphasized the importance of economics and accounting in finance. He said that most students and even industry experts in finance domain lack the conceptual understanding of accounting and economics and hence are unable to deal with unprecedented scenarios. He recalled the amount of struggle he faced while learning cost accounting but said that the hard work paid off in the end. Mr. Rao explained that the students should come to know their strengths and weaknesses in deciding the career path. He stressed on focusing on those streams that fit with what the students are good at, and what they really enjoy doing. Hence, in terms of consulting, Mr. Rao asked the students to ponder upon two fundamental questions: “What is Consulting?” and “Am I fit for it?” before joining the field in the first place. He also explained that consulting is as much about people skills as it is about analytics. Exclaiming that at the heart of consulting is marketing; he said that communication skills, both verbal and written, are essential to the domain. He mentioned that though multi-domain knowledge is helpful in consulting, one should try to have an expert level knowledge about one or two fields and that one should be used to unprecedented situations as consulting usually presents with unstructured problems. Accentuating on maintaining health, Mr. Rao said that one should always maintain a balance between money and fitness. In addition, he said that one should use this time in MBA to read as much as possible about many streams and decide which way to go. He also said that one should dig deep inside and figure out the right reason for pursuing entrepreneurship and exclaimed that in entrepreneurship, one has many bosses. After the session, he was asked numerous questions by students ranging from how to prepare for the summer internship to the importance of certificates for various streams. The students of IIM Udaipur are glad and thankful they had the privilege of meeting Mr. Raghuttama Rao and get an insight into both consulting, finance and entrepreneurship.