The six IIM Alumni report - Visualized (Banking and Consulting)
You may have already read the first three parts of the IIM alumni report in 2014.
You may have already read the first three parts of the IIM alumni report in 2014.
Bizness-Wizness Hai Rabba!
It's now time to have a look at the two glamour domains of the last decade. Banking and Finance, and Consulting. They have held a mysterious sway over the minds of MBA grads. We do believe things are changing though - in our recruitment survey last year, most MBA respondents chose sales and marketing as their most preferred domain. Surely, the banking boom is a thing of the past, and things will probably never be the same again. The number of available global front-end roles at top investment banks is a fraction of what it was prior to 2008. People are slowly realizing it. Slowly is the operative word. Many students anyway got unwittingly sucked into the vortex of finance, and took up middle-office ppt-making roles at these investment banks. On the other hand, consulting companies, which offer a slightly lower salary (compared to front-end finance roles) and better work (ppt-making and some additional perks - speaking to top management), have actually grown in popularity over the last few years. Again, consulting is a tertiary service like the advisory services provided by investment banks, and perhaps, the best and brightest of Indian B-schools can do better than spouting management jargon with practised ease.
How many of us reading this post right now are from the era where promotion of almost all activities including pre-movie releases, advertising and campaigning for the impending elections were all done using insensitively blaring loudspeakers attached to an auto-rickshaw that used to move around the city/town at the most annoying hours of the day? Or, when individual party members used to visit each and every household in the vicinity, enlightening the apparently ‘ignorant’ masses about their clean, bright party members contesting from that area. Well, most of us may just have heard of such happenings, never experienced them, thanks to the speed at which Marketing methods and its channels are evolving, over time.
Every year engineers form the biggest chunk of students who come into any b-school. They have a distinct lifestyle that everyone from that cohort relates to very easily. The b-school life on the other hand is drastically different and this makes the initial few days in b-school extremely difficult to adjust. Here’s my list of 10 differences that will help you understand what to expect in your new life. 1. The Busy life: Think of the busiest day in you engineering. The day you had to submit assignments, take a quiz and attend 4 lectures……….yes that!! Now, this is your typical day in a b-school.
This article appeared in Times of India ( Kolkata) on May 19, 2014
Before we really get into the meat of this piece, a few words. It seems that my last article was a bit of a tear-jerker. A lot of people have told me about how impressive it was and how I’ve defined an entire way of life so beautifully. That being said, none of them offered to help with the washing of my socks. So that’s it for the milk of human kindness.
Mahatma Gandhi once remarked, 'Man becomes great exactly in the degree in which he works for the welfare of his fellow-men.' Same is the case with a country. A nation becomes great when the government works for the interest and benefit of its citizens. Social infrastructure is in a dire need of attention in India and the success of the government in providing for it will determine India's growth in the coming years.