Frameworks are a key element of business school education. It brings about an element of coherence to complicated thought processes. There will be lots of situations in your B-School life where things will need decluttering. Here is a humorous attempt to declutter scenarios in b-school life. With COVID-19 causing a toll on mental health of otherwise always busy MBA aspirants, graduates and students. A good laugh always helps in keeping away the blues.
DISCLAIMER: The article contains exaggeration of purely hypothetical scenarios to produce a comic effect. Any resemblance to reality is purely coincidental. The reader is urged to base his opinions on B-Schools on official and concrete data.
1. The Placement Matrix
A spin-off on the famous BCG Matrix which plotted market share vs market growth of a company.
In the Placement Matrix, a company with a low popularity and a low salary tends to elicit the best of pleasantries to the Placecomm. The other quadrants are self-explanatory.
2. Maslow’s Salary Pyramid
This pyramid shows how your salary structure determines your actual in-hand salary.
And rightly so, the CTC has been matched with physiological needs as the most basic of all human needs.
3. Profit and Loss Statement
A subject that is particularly difficult for engineers would be Financial Accounting. You learn the intricacies required to report what is needed. For Example: Changing methods of measuring depreciation can impact your net income. And varying expense recognition rules can do the same.
And this knowledge can be used very wisely by committees.
4. Porter’s 5 Forces for Consulting Shortlist
Michael porter’s frameworks will become a staple for all attending B-School. But getting a consulting shortlist is only a staple for those with god-like achievements on their CV. Some of these achievements are mentioned below
5. Diversity
All aspirants are already aware of this term, especially GEMs. Guess what. Diversity is going to haunt you forever
6. Forecasted vs Actuals
This graph is the bread and butter of all corporates. The first time you meet seniors, you will be awed by them. And eventually, you will realise that even they are flawed and human. Guess it’s time for me to become a senior too now :P
7. Time/Effort/Resource Allocation
Economics is the study of how people allocate scarce resources. Here is some economics that is omni-present in all group activities. (All MBA programmes have a lotttttt of group activities)
8. Knowledge Transfer
This term is going to be thrown a lot at you in corporate life. Where people will give you a KT or vice versa. In college, we call it gyaan. You are going to get a lot of gyaan in a b-school. Everyone has gyaan to give. The more he gives, the lesser likely he is to actually know stuff
A shoutout to my classmates (Nikhil and Archit) who contributed to this. And this read is meant to be taken lightly. If you get triggered. Don't tell me about it.
