7 Right Reasons to do an MBA.

See if you are doing it for one of these reasons.
 

1.To Fast Track Your Growth.
A good MBA program gets you ready for the corporate world. With an MBA, it is likely that you will start 3-5 years ahead in terms of role and responsibility as compared to a graduate without any professional qualification.

Fast Track Your Growth2.To Earn Money.
Making good money is one of the reasons that people pursue an MBA. It is a fair reason. A good MBA institution assists you in getting a job with an established company and good salary.

EARN money3.For Better Career Prospects.
If you want to lead a company, MBA is a good bet. All other things being equal, a company will choose someone with an MBA to lead.
For Better Career Prospects4.To Build a Network.
Ask a person with some degree of success in life – about keys to success. This person will most likely tell you that – hard work, perseverance and right connections – are required for success.

Who you know, matters a lot.  At a good MBA college – you meet a large group of students from diverse background. Many of these students will become CEOs, famous entrepreneurs, and established leaders. When you need the right connections – they will be there to help you – like you will be there for them.

Then there are alumni of that college – the students who have passed before you. These alumni automatically become part of your extended network.

To Build a Network5.To Acquire Knowledge.
Knowledge is power. At work, it helps if you know more. MBA is a mental and physical boot camp where you learn to acquire, process and retain knowledge. You not only acquire knowledge but also get different perspectives, and learn new skills that help you move forward.

To Acquire Knowledge6.To Understand the Business World and Get Ready Before You Get an Actual Job.
Summer internship program (SIP) is an integral part of management education. SIP prepares you to take up the challenges of the real world in future.

Understand the Business World and Get Ready Before You Get an Actual Job7.To  Grow with Better Communication and Interpersonal Skills.
Making presentations on different topics is an important part of a well rounded MBA program.
This helps in improving communication and interpersonal skills (because you work with a group of students).
Interpersonal SkillsThese skills help you make a good impression in meetings and win over people. Effective communication also helps in developing and maintaining relationships that helps you grow in life and at work.

Now you know the right reasons to do an MBA. Do you want to pursue MBA for one of the reasons shared above or you have another reason of your own?

Contributed By : IBS India

Life At IBS PUNE

2-marMy association with IBS started a year ago with a call from the IBS enquiring about my choice for doing MBA. Having worked with a manufacturing industry for past four year, I had observed changes that happened in corporate world where young MBA graduates had started occupying seats in management decision-making. I realized that in order to make it into the echelons of top management it is would be necessary to acquire impeccable managerial skills.

Soon I became part of the ever growing IBS family in June last year. Life at IBS is really fabulous enriching you with good blend of academics and co-curricular activities. Every day and every minute is full of joy and happiness. IBS is one among the earlier pioneer in the country who started practicing the case methodology of teaching. Case based learning and usage of ibooks helped a lot in understanding and experimenting with the concepts. Case methodology also paved the way for peer learning and encouraged us to think out of box.

Our life here has been scheduled perfectly with a fine mix of academics and co-curricular activities. We had guest lecture every week where eminent personalities from industry addressed students on current / topical issues faced by their companies besides sharing valuable insights and solutions that were adopted. This introduced us to the expectations that the corporate world holds from new management graduates. At the campus student activities were a plenty. Students organized number of games and events. These gatherings created healthy relations and provided a platform for the students to interact, discuss and debate various ideas.

All the faculty members also participated in the discussion forums and shed light over happenings and trends in their respective areas of expertise. I would conclude by stating the famous statement made by Ray Le Blond “YOU LEARN SOMETHING EVERY DAY IF YOU PAY ATTENTION” and here at IBS attention of the students were drawn with the use of I-books for learning and quicforce forums which have been designed to resemble facebook which students have adopted with addiction-like enthusiasm.

Contributed By : Ramabalaji, Batch 2014, IBS Pune

Keeping Your Options Open

KEEPSrikanth owns stocks of ABC Ltd. After he learnt about the concept of futures and hedging from professor Nicky, he used the futures contracts on ABC Ltd. to hedge the risk of a downward slide in the share prices. Unfortunately for him, just a few days after he entered the contract, the company announced its quarterly earnings and the stock prices have gone up steadily ever since.

The value of his stocks are now higher. That’s good news. But he does not intend to sell the stock. On the other hand, his losses are very real! He started getting margin calls from his broker. So he closed out his position in the futures market, before his losses become larger.

However, this led him to think of how it would be great if he could have the good part of futures without the obligation to honor the contract!

“Naah…I guess that would be too good to be true…”, thought Srikanth. Nevertheless, he walked into prof. Nicky’s room to share his experience with futures with the professor.

Prof Nicky: Well, as a matter of fact, such instruments do exist. They are called Options. By buying an option, you can lock in a price but can choose not to exercise your option if the market offers a more advantageous price.

Srikanth: Buying an option?

Prof. Nicky: Perceptive as always Srikanth. Yes, you buy an option. Since you have a right but no obligation to trade your stock at a pre-determined price, you pay a premium. Else it would be like being able to have your cake and eat it too!

Srikanth: Hmmm… though that would be great, I suppose no one would sell options for free, so this situation seems fair enough. So how about if I want to be able to sell a stock? Can I buy an option to sell a stock?

Prof. Nicky: Yes Srikanth, weirdly as it sounds, you can buy an option to sell a stock… It’s pretty interesting actually, there are fundamentally two types of options, a call option which allows you to buy stock and a put option that allows you to sell stocks. Buying an option allows you to, at a cost, transfer risk to the seller of the option. A simple call or a simple put option are also referred to as plain vanilla options.

Srikanth: Professor, in the futures market, we can buy and sell our contracts any time. Can we do the same in the Options market?

Prof. Nicky: Indeed you can buy and sell them anytime at the price (premium) in the market. However, you can exercise your options anytime only if they are American in nature. Now… before you ask… no you don’t need to be in America to be able to trade in American style Options. It’s just nomenclature.

Options which can be exercised anytime up to expiration are called American Options, where as those which can be exercised only on the day of expiration are known as European style options. Both kinds of options are traded all over the world. In India, the index options are European in nature, while the stock options are American!

Srikanth: They don’t seem too plain to me… But why would anyone sell options? The seller seems to take on a lot of risk!

Prof Nicky: Great question! Simple answer — for the premium. The person writing the option believes that the probability of the option being exercised is very low. So he gets to collect and keep the premium.

Srikanth: Wow!… this is information overload for now..but how about we continue this discussion next week and you tell me how someone like me can use options?

Prof Nicky: Sure!

Contributed By : Amulya Chirala

This article was originally published in Postnoon on June 22nd, 2012

http://postnoon.com/2012/06/22/keeping-your-options-open/54996

Management Education for an Upward Career Graph

canstockphoto18593550Management Education for an Upward Career Graph, I am sure the blog title reads like a cliché which almost every management school and university is talking about. Despite knowing the fact, I decided to write on this title as it keeps it simple and make most sense. A management degree certainly provides the required push to your career, the only matter of difference is this – how sure you are about this decision and how you tread on the career path.

MBA program is truly a phase of self-reflection.

To reach out where one wants to reach in life – one needs to be sure of what makes them happy and provides with the best of opportunities for a successful career. A management program certainly deals as the best resources for an individual to self reflect and assess the capabilities and interest levels.

The Program Design is such that it puts the students into real life business situations, the practices like case studies, competitions; team functioning etc puts one into a situation where lot of self-reflection happens.  Through this design, a student gets ample of opportunities to take up different kinds of assignments, work with various kinds of team, and explore the various career opportunities. Some gain the business intent and start working towards their entrepreneurial ventures.

General Management as a Resource for Career Development

The first year in a management program is about the basics in any career move. This covers the essentials in management and the focus is on basic grooming of a college pass-out, a fresher and sometimes a business person to experience and lead the career path more confidently.

Basics work as the significant ingredients of a career development resource. It is the beginning of an era of life-long networking, where an aspirant learns to work with cross-functional, cross-cultural teams and also leads towards realization of her the leadership potential. During the general management education phase – an aspirant gets a chance to investigate the interests, skill-set required and those which needs to be further acquired or polished to work efficiently on the personal plan of the program candidates.

Electives Empowering the Career Goals

The electives in MBA education add required power to the careers. The choice of an elective is the starting point for an upward growth movement. It opens the avenues further and hence marks the beginning of a new era – be it career, business or a self employment. You know what you want out of it and you are all geared to explore the chosen world. Choosing the electives also mean that a candidate will be taking up the internships and research project from the relevant industry, which would mean more exposure in the chosen area of work. These projects and sometimes On the Job trainings help when we jump into the real world and it is because of these lessons – we are ready to face the world from day one. Unlike other B-schools where the internships are of 3-4 week, IBS offers 3.5 months of Internship Projects which changes the mindset of the candidates and put them into real life corporate situations ranging from achievement, learning, peer pressure etc. More importantly, it is part of curriculum at IBS and for regular students the placements in the top-notch companies is offered free of cost.

Similar to these Internship Projects there are Management Research Projects at the end of the program which teach more about the research and documentation. Similarly, though there are limitations in terms of attendance but a student is allowed to take up industry projects during the class curriculum for almost 14 hours a week.

This industry experience place the students a step higher in the corporate hierarchy and they lead the fresher teams as they have the technical know-how and also share better relationships in the job area.

Mentoring

Mentoring may be a term which came into picture a little later but it certainly works in the benefit of the students. A mentor is your first career counselor who helps you through-out to make a distinct career path. A mentor helps you in taking some initial difficult decisions of the career. They not only track the candidate’s performance and help them in excelling as per the corporate guidelines but they also help in key decisions pertaining to people skills, role rotation, client servicing, working in team etc.

A mentor works on all the personality and performance aspects of a candidate. They teach them the basics of management in the corporate world. Mentors are the first guides of real career life and hence are considered as the first movers of your career graph. A good mentor can make or break the career slope – s/he enacts as the guiding light. At IBS, it is must for a student to have 2 guides – one from the faculty side and other from the company side during the internships. The candid conversation for 3.5 months help one builds a relationship of trust and the student can turn to their mentors for candid conversation, second opinions on career moves and also career advice.

An MBA offers numerous such opportunities to have lifetime mentors and in-fact, candidates can make the best of mentors from among the seniors, faculties, counselors or the industry guides. 

Alumni Strength

Alumni Base in an MBA college works as an asset in any career graph. A student can consult, follow, take guidance and use the alumni base network – in any choice of career.

A good alumni base helps in job change, gaining company information, connecting with the right people, discussion and advice on the entrepreneurial ventures, one can also look for co-founders in the large alumni base an MBA college offers.

The various reunions & meets helps keep one connected and these events also work as the possibility of brainstorming sessions with the like-minded people. An alumna can help in making right career choices – be it a job move or an industry switch. The huge network strengthens the career decision and sometimes raises alarm.

All the above points help MBA candidates to move their career upwards. By seeking possibility and constant industry updates – a management degree certainly helps in shaping the career graphs. Some of the colleges are now offering specialized streams which act as the add-ons to a candidate’s career goal. And a management degree certainly impacts the career outcome in a big way.

Contributed By : IBS India

My Experience With IBS

One of the best decisions which helped me to know myself better, provide a platform for growth and experimentation was to join IBS, Bangalore.

It’s been such a great journey so far. A thrilling experience altogether, it’s exciting to see the zeal, energy and motivation the students bring to the campus. We create the environment of enjoyment, learning, knowledge sharing and innovation at IBS.

My experiences from the very beginning had been very special- be it the first day at the campus, the introductory sessions to the final semester! It’s been a pool of developments and continuous learning throughout. I’ve benefited and enjoyed each moment spent. To quote a few- friends form the part and parcel of our lives, at IBS we all mingle with everyone thereby creating a friendly environment. Our faculty, I would say is the most dedicated and friendly one. They are always approachable, thriving with new ideas for the students, willingness to help in each way helps in developing the culture of our college. IBS gives us the platform to showcase our skills not only in the prescribed course but other activities also. We get wide exposure by participating in the management and cultural fests of other B schools as well. IBS hosts number of fests and activities to help us explore our skills and grow ourselves not only intellectually but culturally, at the same time enjoying ourselves to the core. We have Tarkash and Manthan as our business fests, Art beat, festival celebrations, sports events and various parties to keep us engaged and charged all the time!

This has helped me to understand my talent, expertise and areas of interest which could be developed over a period of time. One thing without which my experience remains incomplete is my internship with one of the Big 4 Companies. I can rightly put it as “an internship of life time” and thank IBS for providing me an opportunity to get the feel and look of the corporate world, learn new things and develop myself. Another aspect which I would like to focus on are the teaching techniques adopted by the faculty, focusing more on providing the corporate exposure, assignments with filed visits involving industry interaction and providing us with an opportunity to leave a mark on them by our work and learn as much as possible. The faculty helps and guides us with our moves and actions making us more presentable and meet the required standards.

With all the everyday learning (as it is a continuous process) accompanied by fun and frolic,  with all the fests and other activities at IBS makes me more confident for what I stand for, speak my mind and achieve the desired goals, helping me to grow and strengthen relations each day!

Contributed By : Neha Maggu,Batch 2014, IBS Bangalore

 

 

 

 

 

Proactive Mentorship in Management Education

The art of mentorship is yet to be fully tapped into and explored by the present system of management education in India. Post-Graduate programs are the penultimate stepping stones for students entering the ever evolving corporate world. The importance of mentoring at this crucial stage has been downplayed, if not ignored, by the system at large.

After 15+ years of formal education, students are thrown into the workspace to explore and fight their way towards a successful career. At this juncture it becomes imperative to have some sort of guidance from experienced seniors.

Management programs today focus on most aspects of holistic development for students, but proactive mentor ship seems to be missing.

What is proactive mentor ship?

I consider proactive mentor ship as the style of mentoring, wherein the mentor constantly tries to engage the men-tees into communicating their goals and desires, to subsequently provide meaningful advice aimed at helping the men-tee.

The keywords being: Constantly, Engage and Communication.

As someone who has not yet completed 1 full year of working, I believe I’m still a student at heart. With this knowledge I understand that students as a group are quite a tricky bunch of people. The general method of imparting knowledge (Read: Lecture based classroom learning culminating in a 3 hour exam) has sensitized students and each and every student develops a unique coping mechanism. Some may use cellphones during the class, some might doodle out their elaborate fantasies and some just wait to enjoy their class-nap. The point I’m trying to make is that students can’t be force-fed information. It’s futile to assume that when students reach the level of post graduation they will suddenly change their behavior.

Keeping this in mind, it is of utmost importance for the mentor to constantly try and guide the students. Most mentors have an understanding that students will approach them during crisis’ (Placements, choosing specialization, Internship, etc) and they will help them then. However, this approach is not fail-proof. Some students might not approach anyone just because they have not been doing it since the start.

To avoid this conundrum, a proactive mentor will constantly speak and guide the students from the start. It should be communicated to the students that the mentor is always available and can be reached through email, facebook, sms etc at any time. In an era where boundaries are irrelevant due to the social media boom, mentors must exploit this opportunity to be present for their mentees whenever required.

Another important quality of a proactive mentor is his/her ability to engage with the students. Since their schooling days, students in India are expected to respect their teachers/elders and maintain discipline in their presence. When working in a company, this behavior is translated to include the manager/boss. So, a level of apprehension will always be present with students while interacting with mentors. A proactive mentor has to understand this and constantly engage his students. He can do so with funny stories, incredible insights, personal experience and almost anything which will put the students at ease and make the mentor more approachable.

Finally, a proactive mentor has to learn to effectively communicate with his students. Unless he/she can do this, students will not be able to express their goals/desires clearly enough to enable guiding them. Effective communication is more difficult than it may sound. As most students and mentors have completely different fields of experiences’, the onus is on the mentor to understand what exactly the student is trying to communicate.

Having listed out the prerequisites of proactive mentor ship; let me now dwell on some of the benefits:

  • Students will develop a fair idea of mapping their interests/skills to industry/profile they could start their career with.
  • Students will be better prepared to deal with the corporate lifestyle and the level of commitment and accountability required.
  • Proactive mentor ship will create an environment of knowledge sharing in the campus.
  • Attrition rate of companies would come down as students are bound to take better informed decisions.

Contributed By: Abishek A Ganesh, Batch 2012, IBS Hyderabad)

CII Western Region Edge farm HR Case Study Writing Competition, 2015 – 2016

DSC_6678CII Western Region organized the first Edge farm HR Case writing competition in 2014- 2015.  This competition has been conceptualized to increase the range of cases available for teaching at B schools in the Indian business context.  The core team Edge farm is headed by Mrs. Rani Desai, Chief People Officer, Deloitte.  She is supported by Mr. Prashant Verma, Member Core team, Edge farm, Joint General Manager HR, ICICI Bank.  One entry from IBS Gurgaon reached the finals in 2015:  “Home to Hearth: A case for Women Entrepreneurship” authored by Dr. Shalini Khandelwal and Prof. Jean Saldanha.  It was presented at the finals in Mumbai in Feb 2015, by Dr. Shalini Khandelwal.  It was later published in the Corporate Citizen Magazine.

For the 2015 – 2016 competition, 2 cases from IBS Gurgaon reached the finals:

  1. “Yes to Human Capital Optimization and Engagement for Achieving Business Excellence” by Dr. Shalini Khandelwal and Dr. Reshmi Manna ( secondary data) and
  2. “Compostwali of the Daily Dump: A Catalyst for Transformation and Cultural Change” by Prof. Jean Saldanha and Ms. Hempriya Banga ( primary data) .

DSC_6687Both cases  were presented in Mumbai on Feb 26, 2016 for the final evaluation.  There were 5 cases under primary data and 5 under secondary data, presented at the event.  The esteemed jury was headed by Mrs. Usha Thorat, Retd Dy. Governor of the RBI.  Other members of the panel were Dr. Asha Bhandarkar, Dean and distinguished professor, IMI Delhi, Mr. M.S. Mani, Senior Partner, Deloitte, Dr. Gautam Sinha, Director, IIM Kashipur, Mr. K. Ramkumar, Executive Director, ICICI Bank, and Mr.  Bigyan P. Verma, Director, GNIMS Business School.  Other participating B Schools included IIM Trichy,  Symbiosis Institute of Business Management,  Bangalore, IIM Indore,   Kohinoor Business School and L.N. Welingkar Institute of Management.

The case “Compostwali of the Daily Dump: A catalyst for Transformation and Cultural Change”   authored by Prof. Jean Saldanha and IBS student Ms. Hempriya Banga won the first place under the primary data category.  CII has advised that they will be publishing this case in the Corporate Citizen magazine within a few months.  The case study is based on the business run by PBK Waste Solutions Pvt. Ltd, Bangalore, which drives the segregation of domestic waste and recycling it into compost.  The case has brought attention to the serious problem of garbage piling up in our cities, how we cannot afford to ignore it any longer and how the solution needs to be found at every level.  The manner in which the organization is run by the protagonist and the manner in which mindset change and transformation has been achieved in society were the focus of the case.

DSC_6774All case writers were questioned and given feedback by the jury.  The winning case was given inputs from Mr. Ramkumar on how it could also be positioned as an entrepreneurship case if it was modified slightly, with additional business data;Dr. Bhandarkar suggested that it could be rewritten in the Ivey format for greater acceptance and Dr.Verma suggested that large scale commercialization should be suggested. The author would like to highlight that, after presenting the case, Mrs. Usha Thorat, retd. Dy.Governor of the RBI has taken details regarding composting and indicated her intention to start the activity and the Director of IIM Kashipur has shown keen interest in incorporating the community waste solutions highlighted in the case, at IIM Kashipur.

Shopholix…enhances your shopping experience; a successful Startup by IBS Alumni

shopholix-logo copy

IBS Business School has been at the forefront of providing quality management education for over 2 decades in the country. It is committed to nurture quality business professionals, outstanding leaders and successful entrepreneurs to contribute towards collective excellence of its alma mater, institute, business organizations and society as a whole.

IBS takes pride in its 37000+ alumni spread across the length and breadth of the globe contributing effectively towards self and organization success. Yet, another feather is added by alumni Abhinav Midha and Chinmay Bhatt, class of 2006 IBS Gurgaon who have cofounded ‘Shopholix.’

Shopholix (​​www.shopholix.com) is committed to enhance your shopping experience by helping shoppers locate and explore stores according to their needs. The current version of mobile app brings you to the city of Mumbai – where you can discover malls, markets, stores, products, exhibitions, boutiques and much more. The next release would be focused on user personalization and third party integration aiming at consolidating all shopping experience related services under one umbrella like transport, retail payments, loyalty points aggregation, product exchange etc.

Chinmay and Abhinav believe the 2 years spent at the institute was very instrumental in embarking on Shopholix . The case based learning methodology practiced at IBS was insightful and inspiring for the students. A great deal of learning took place in projects where they had to collect and analyze the primary data.The faculty had always encouraged them to be out of their comfort zones and taking calculated risks in life.

Contributed By :  Abhinav Midha and Chinmay Bhatt, class of 2006 IBS Gurgaon

CREATE A LEARNING DIARY.

Dear-Diary copyHave you ever kept a diary? Writing down what you did during the day, what your thoughts were and what you plan to do? When you maintain a diary, it becomes very easy for you to flip back through the pages and know exactly what you were doing on a certain date, say about 6 months back. If you had put down your thoughts, you would also know what your feelings were at that time. It becomes easier for you to analyze why you were feeling as you did and so on.

You can do a similar exercise with your studies, especially when you are preparing for your entrance exams. We call it a learning diary.

What do you need in order to maintain the learning diary? You should have a syllabus, hand-in dates, a reading program with links to exam questions.

The diary will record the your schedule, your targets, what you have accomplished during the day, what problems you are facing, how you plan to overcome them and what action you are taking.

Set out in detail the syllabus, that is, what you need to study and where you need to prepare. This is a one-time exercise. Plan in advance your study schedule, based on what your syllabus is. Make a rough outline. It need not be refined, because it is quite possible that you may need to adjust your schedule to accommodate some unforeseen or unexpected circumstances. You may have some other commitments too, such as you could be pursuing a sports activity or may be taking music or drawing lessons. You just need a rough signposting.

Now start your actual diary. At the end of each day, write down what you have studied, how much you have studied, what problems did you face and whether you managed to overcome them. There is no harm if you want to put down your feelings and emotions too. If you are feeling frustrated or irritated or annoyed or jubilant you can put that down. Later on you can look back and think exactly how you felt and why you felt like that.

Your diary will help in identifying your pain points and pin pointing exactly the areas where you need to work more and the areas where you have expertise. It will give you a definite direction and allow you to focus on what is important.

Thibnking Guy PuzzleThe success of maintaining a learning diary lies in following these few points:

  • Be consistent
  • Be honest – that is, write down only what you have accomplished and whether you are satisfied with what you have accomplished
  • You need to analyze your diary entries periodically
  • Stick to your learning schedule
  • If you have not completed your target on any day, try to make up for it in the subsequent days

There will be some days when you will be progressing fast and other days when you will be slow. On the days that you feel energetic and able to do a lot, work harder and longer but do not try to overstretch yourself. It is not wise to do that. For instance, if your normal capacity of work is at around 60 percent and on certain days you feel that you can do 90 percent, stick to 85 percent. There is no sense in exhausting yourself too much on one day and be too tired to work the next day.

Here are some tips for you to maintain a learning diary.

  1. Syllabus content : Write down the details of your curriculum and what you have to study
  1. Date by which I have to be prepared : What is the deadline for you to complete your studies and how much time do you have with you?
  1. Schedule of study : Write down what you plan to study each day and how much of the course content that you plan to cover.
  2. Topic 1 :   no. of days of study
  3. Topic 2 : no. of days of study

It makes it much easier for you to embark on your course of study when you know what you have scheduled for the day. It also allows you to plan the other activities of the day.

Your diary entries could look something like this:

  • What I did today
  • Targets achieved
  • Problems faced
  • Areas I need to work on
  • My thoughts
Contributed By : Disha Parekh Mohanty