What to look for in a company/role during placements

What Habits Have To Do With Your MBA

Placements- is a dreaded word in the vocabulary of almost all postgraduate students in India. More So, among all MBA students-since the very raison d e’tre of doing an MBA is to get a good job-almost everyone forgets that usually a graduate degree is supposed to that , but more on that later.

After months spent trying to crack codes to succeed in the Group Discussion and then the Personal Interview, going through the first semester of the course already seems like a war.

As students we are all accused of being extremely indifferent towards the important career choices such as choosing between a plethora of undergraduate courses, colleges and particular electives to choose and so on and so forth.

For many students, the MBA degree is an arcane continuation of the formal education, simply an additional degree to add, and of course to address the dreaded word-job.

What we fail to understand, grasp and fully comprehend, that getting a job is not merely an output, but a gradual and logical progression in developing ones career.

Infact, getting a job through a placement-a campus placement at that, is thought of an end to the learning process. Nothing could be further from the truth and nothing could be more dangerous than this line of thought to hold on to. The day we start learning and absorbing new information, it marks the end of our existence rather than the end of our learning period.

In most MBA colleges, by the time the dreaded and much feared placement season approaches, the students invariably been through an emotional and financial roller coaster ride which drains most of any creativity and learning skills.

By the time concepts such as Day Zero are internalised, and understood, many a dream and aspiration have already been sucked bone dry by a certain sense of fait accompli-you take the first job which comes on day zero, tell the entire batch that now you are placed and have achieved a certain goal or milestone in your life.

The system does not have any emotional anchors in place to help students correctly identify their long term goals and the ways and means to achieve it.

The job, the company and the profile we choose on the day of placements will leave a lasting legacy on our lives- both professional and personal. A wrong choice here (as most of us invariably commit) will lead to much wringing of hands later in life.

The first thing to look out for in any placement season is the profile of the job. The profile includes a brief job description, helpfully given out the by the recruiter. The company not only expects a candidate with the necessary qualification, but also the necessary mental aptitude and the ability to execute the duties which go along with the job.

We must accept that there are certain things at which we might we excel in (say number crunching) but we might be shockingly inadequate (say selling skills). Admitting these shortcomings, we must approach each and every company which comes into the campus.

CRMInsecurity is the ruling sentiment during the placement season and it is precisely insecurity which drives us into taking rash decisions. Many students and aspirants otherwise interested in Marketing will take up a core finance desk job under the mistaken assumption that we can later on change streams in the workplace as well.

Students of finance face the most agonizing placement season, especially in these hard times when the economy both global and local is going through the aftermath of an especially debilitating recession.

Most of the students of Finance stream are coerced, forced and brainwashed into taking non-finance hard-core selling/marketing jobs for which they might not have the necessary aptitude.

Approaching the placement season with a clear mind is the best way out. And yes, do not get fazed by reports of other getting placed on Day zero. It’s no big deal.

Wait for the company and profile which at least matches your line of interest and aptitude. A caveat must be applied that this does not involve waiting the whole semester for that perfect company to turn up. Life is not only not fair it’s not perfect as well.

While there are jobs and companies which might not come into your particular campus/placement, it does make survival sense to take a job which somewhat matches your profile, your qualifications and yes, most importantly, your interest.

The first job we take and the vocation we decide to pursue will not be short run decision, and should not be one taken in haste. What is otherwise a pleasurable activity of being gainfully employed will turn into a millstone around one’s neck if not proceeded with caution.

The company/ job profile must clearly offer us a chance to utilise our skills, knowledge (both domain knowledge and practical knowledge) and to wait/search for such a job is not a mistake, as many people-including our so called well-wishers would have us believe.

More often than not, the grim reality is that almost all students of marketing and finance will be “saddled” with core sales for which they might not have the necessary acumen at all.

The profile we opt for must be related to our interests and qualifications, failing which our performance on the job will be distressing and far below expectations of the recruiter. It would lead to unpleasant situations later on, both for the recruiter and the candidate/employee.

The placement season is one of the most ruthless seasons any student has to face. Not only the expectations of parents but also peers are placed on very vulnerable shoulders. At this time, the only thing which must ring in your ears must be the sound concepts of the subject of your specialisation and the main interview questions.

It is easier said than done, of course, but we must remember that failure is not an option, and to get that dream job, we must persevere and not lose focus.

As a parting note, the salary figures and much vaunted “CTC” figures are not to be pursued with a fanatical obsession-in the long run, salaries across peers in the same industry are usually within the same range and the minor variations being accounted for by differing performance appraisals.

If you choose a company/job profile which is to your liking, complements your educational qualification and skills and will add to your overall personality, then as, the old adage goes-”IF you love your job, you will never have to work a single day” will ring true.

Contributed by Sunil Iyer ( Class of 2008, IBS GURGAON )

 

Learn to Distinguish between Data, Information, Knowledge, Wisdom during MBA

Knowledge Pyramid

These are times of data explosion. The data available on any subject is thousands of times more than what a person can comprehend and meaningfully use. For example, if we simply type the word ‘leadership’ and do Google search, we get approximately 48,20,00,000 links using this word. In order to go through the entire data on a subject even one time, full human life may not be adequate. Even a thousand lives may be insufficient to grasp entire available data on any subject. Fortunately, it is neither necessary nor useful to go after such raw data. However, some data is useful and required for business.

What we actually require is an extracted relevant portion of data, meaningfully organised, which we can put to use. This we call information. It needs to be specific, precise, relevant, and presented in organised form for easy comprehension. For example, if you go to the finance department of any organization, you would encounter astronomical number of recordings in the account books. These constitute data. When we look at the financial statements of the firm, we find these are extracted from the bulk data and provide utility to management and others.

Knowledge about a business or a firm is what we require for decision making on various issues which are important to us. Knowledge is what is contained in the human brain. Even the financial statements do not provide such knowledge, and we can obtain it only by looking at comparisons. For example, ratio analysis involving financial ratios gives us a better understanding of soundness of the business and its future prospects.

Wisdom is what we get by assimilating and mulling over of knowledge. Most successful investor and businessman, Mr. Warren Buffet once said, “While I am in my office, eighty per cent of my time is spent on reading and reflecting”. This reflecting provides insight into the way things are evolving and foresight into the future likely trends. Wisdom does not come quickly. It comes by deep thinking, repeated and prolonged integration of knowledge with the values, beliefs and dominant thoughts of the person.

Many persons have defined data, information, knowledge and wisdom in different ways. Some commonly used definitions are given below;

Data:

  • Data are recorded (captured and stored) symbols and signal readings. Symbols include words, numbers, diagrams and images. Signals include sensory readings of light, sound, smell, taste or touch.
  • Data says nothing about its own importance or relevance. But data is important to organizations mainly as raw material for creation of information.

Information:

  • Information is a message that contains relevant meaning, implication, or input for decision and/or action.
  • Information comes from both current and historical sources. In essence the purpose of information is to aid in making decisions and/or solving problems or realizing an opportunity.

Knowledge:

  • Knowledge is the human expertise stored in a person’s mind, gained through experience, and interaction with the person’s environment.
  • It is the content that resides in our mind and process of acquiring knowledge is through our interpretation of information.

Wisdom:

  • Wisdom is gained through self-reflection of experience and formulation of deeper goals.
  • Wisdom is a process by which we discern, or judge between right and wrong, good and bad.

Wisdom determines how one would conduct business and life in difficult times. It is based on assessment of real life current situations, feel and perception how future might evolve, and deep rooted virtues on which to base one’s conduct at all times. Key virtues have been spelled out by most religions and defined by various thinkers and philosophers. Some of these virtues are benevolence, etiquette, perspicacity, credibility, trust, humanity, justice, propriety, knowledge, penance, forbearance, rectitude, faith, valour, fortitude, charity, temperance, prudence, integrity, leadership, diligence, understanding, respect, contemplation, intellect, moderation, courage and generosity.

mba-graduates

Two interesting quotes about wisdom are given below;

“Wisdom is not a product of schooling but of the lifelong attempt to acquire it”. . . . . . Albert Einstein

“Where is the wisdom we have lost in knowledge? Where is the knowledge we have lost in the information?” . . . . T. S. Eliot

For the student pursuing MBA, it is opportune time to think over this issue of data, information, knowledge and wisdom. For example, on every topic of study one can find enormous data and information in books, journals and on the internet. How to collect relevant information, extract subject knowledge and internalize such knowledge for future use when needed is herculean task. While pursuing MBA study, one must experiment on such issues and develop own personalized styles. Wisdom is something totally personal as it involves knowledge, experiences, reflection, and introspection to develop and grow into a person of high stature.

Data, information, knowledge and wisdom form a hierarchy commonly referred to as DIKW. Data is seen from the perspective of the user and application. It is now possible to analyze large amount of data in meaningful way to generate information, primarily due to enormous computing power of computers. Knowledge is neither data nor information, though it is related to both. Knowledge is in the mind of the person.

The common idea is that data is something less than information, and information is less than knowledge. We first need to have data before information can be created, and only when we have information knowledge can emerge. Wisdom comes much later when the person undertakes inward journey to obtain insight into life processes and prepares oneself to take effective business and life decisions.

In today’s fast paced world we are required to deal with data, information, knowledge and wisdom all the time. In order not to get embroiled in vast complexities of these aspects, one needs to be very vigilant, alert and specific regarding differentiation amongst those and effectively use each as the situation demands.

Knowledge creating activities take place within and between humans, whereas data is found in records or transactions, and information in reports and messages. Knowledge can provide sustainable advantage. In the current day environment, competition can always match current products, quality, service and prices of a firm. However, by the time this happens the knowledge-rich organization would move to newer levels of products, services and quality.

We can say that wisdom can be cultivated in individuals systematically by experiencing the emerging situations and reflecting internally. Sound character based wisdom would be vital for executing responsibility laden high end managerial assignments.

Understanding the implications of words data, information and knowledge and cultivating one’s own wisdom about business situations would groom the MBA student to be ready to own major responsibility in the job situation or embarking on own private business, as the case may be.

Contributed by Sumit Gulati (Class of 2009, IBS HYDERABAD)

What HR is hunting for?

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Today with changing dimensions of the world, the corporate is also changing. There is a lack of talent in the industry, now it is all about right people that board right bus. Isn’t it, what you think of HR recruiting people for his company, Recruiting isn’t a child’s play. They have various parameters and guidelines which are used to filter cream out of the rest.

The trends in Recruiting according to LinkedIn’s annual recruiting trends report for 2015.

  • Social networks are becoming the desired channels for promoting their talent brand.The accessibility and connectedness of professionals online have made talent more accessible than ever.
  • Digital is making theirpresence in recruiting. Digital marketing tools are used segment and target talent with relevant jobs and messages at massive scale.
  • Jobs fit into the pocket. Candidates now research and apply for work in a mobile-optimized format organizations that are available in mobile apps.
  • “Big Data” Analytics is used as data storage and makes processing cheaper, talent acquisition leaders act as strategic advisors to the business by arming themselves with data.
  • The Quality of hire is the most valuable recruiting metric now.

In an interview with Deloitte Hr, he highlighted some of the points candidates should know.

  • Hr always looks for applications which showcase leadership qualities.

One can develop such qualities with time by participating in various activities and working as a team leader, it is difficult to get work done by people such things in your applications would demonstrate you as people’s person.

  • Candidate should know the questions asked in an interview are based upon Behavioral and case components.

The reason for asking such questions and judging on these parameters is to check for behavioral skills. Such case-based questions can show your agile nature and IQ provided a given situation.

A degree in Master’s represents your thinking power and direction. The creativity is in ideation as it is the seed that can bloom. Employers today are searching for well-ignited minds who can add more to their business.

MBA as a degree has maintained its honor and market valuewith time.

HR are looking for

Critical Thinkers

Critical thinkers are candidates who can evaluate any company by their financial reports and can answer their business problems by formulating best business plans.

Problem Solvers

Problem solvers can build leadership pipeline, can deal with ambiguity and bring changes as they look out for a big picture.

Team Player

Team player can take a charge of running business. He can take responsibilities of a team, directing and controlling the entire staff, timelines etc. He maintains the flow of information and makes it clear and effective on the basis of innate communication skills.He should be a good speaker so that he can guide and inspire his subordinates on working efficiently and effectively. As a dynamic leader of his team, he must be capable of directinghis team towards success with a fellow-feeling, an awareness of having interests in common with others and feeling sympathy for the people who work for him. He should also think of other’s career and opportunities.

Skillful and balanced in Approach

Someone who has such qualities makes a good candidate for managerial jobs as the entire set up requires coordination with employees with a list of organizational goals which has to be fulfilled with individual goals. He should strategize his approach towards organizational goals. He must have a 360degree view of a picture.

Assertive and Social

Today when you are a part of an organization and handle a team you need to be social and amiable with your subordinates so that they can come to you for their problems. The more you keep balance in your team, the more it would be easy to work towards a directed goal. You should be the one who boost the organization development and competencies. With all good qualities, you should have an upbeat personality and keen to learn new things.

A true Marketer

This is a newly added attribute which depicts the world is in marketing now. The Business environment is getting complex, we deal in cut throat competition which makes it necessary to have marketing skills wherein you can actually sell your company’s services, expertise, and knowledge. At managerial positions, you always represent a face of your company in front of your clients. You should possess good convincing & Negotiation skills.

Builds Relations

Business runs on relations, client value a lot of parameters for assigning a contract to MNCs, relationship building is one. The way you connect to people and build associations depicts a lot about personality. We have bosses and top management connected with employees via social media platforms which make it very important to have a positive outlook, relationship building skills. The environment needs someone who loves meeting new people, trustworthy and reliable and focused in approach.

HR skim through list of various good B-schools and select the one who provided them good talent in past, qualified and well experienced faculty , good pedagogy with programs that are aligned with industry specifications and functional talent needs.

With an HR view of “should be “candidates, look up to your own personal goals in life while you prepare yourself for an interview. Self-Realization is very important as it unlocks the area of improvement.

Ask several questions and mirror your expectations with that of Hr.

Expectations

Are you clear with them, what you want out of a job and what qualities do you possess to make you fit for this industry?

Attitude

The right attitude is required when you put the first step in the corporate ladder. The Right attitude has various definitions. Do you possess customer service in your DNA if you are in a sales job?

Fit in Culture

Recruiters are seeking people who can easily adapt into organization culture. The Survival of the fittest is the theory and if you are new then makes a move to fit in the structure. Are you willing to adjust in a distinctive work culture and perform up to the mark?

Job Applications

Whenever you apply for job go through each and every point mentioned in the application, which are the key areas, key qualities. What you need to perform in this role, what are the job responsibilities, what future aspects that profile has after few years down the line.

With this blog we make an effort to make your thoughts clear about Hr hiring; now you can roll up your sleeves and can enter into fight to board right bus as there is long queue for your bus.

Go ahead fight to win!!

References

http://www.entrepreneur.com/article/245042

https://skillmeter.com/blog/15-qualities-great-recruiter-must-have

http://www.careerattraction.com/become-the-perfect-job-applicant-15-traits-employers-look-for-when-hiring/

Contributed by Sonali Jain ( Class of 2014, IBS GURGAON )

Easy Steps for Building a Defined Personal Brand

students-going-abroad

Building a personal brand is being discussed a lot in corporate circles for the past couple of years and no matter the circle, it really is a good idea to have a clearly defined personal brand. This is especially true if you are in the midst of growing your career, or finding a new position. It sounds hard, but I am here to tell you: It really isn’t all that hard.Personal Branding is about identifying and then communicating what makes you unique and relevant and differentiated for your target audience, so that you can reach your career and/or business goals. If you understand your strengths, skills, passions, and values, you can use this information to separate yourself from your competitors and really stand out.Your personal brand is more than just the brand statement you use as your elevator pitch when you introduce yourself in real-life encounters or to market yourself in your paper and online career marketing communications(resume, bio, LinkedIn profile, website, etc.).

We can get a solid start in easy seven steps

Step #1: Define your brand

The first thing you should probably understand is how to define a personal brand. I happen to subscribe to this definition:

It is the intersection of your reputation, your aspirations and who you really are as a person and a professional. Think about it this way: In terms of reputation, look at what are you known for? Or what does everyone come to you for? In terms of your aspirations, what do you hope to achieve in your career and in your personal life?

And finally, you overlay your reality. For me, I am an HR professional who is passionate about driving results with a happy workforce. So, what’s yours? Feel free to make a diagram like above for yourself; it may help refine your position. Once you have this tuned, it’s time to spread the word on your brand.

Step #2: Tidy it all up

Chances are, you are very active socially and now that you have defined your personal brand, you need to go into all of your profiles and update the information to reflect your newly defined personal brand. Your profile text should be very relevant to who you are and your pictures should also be “on brand.”

Step #3: Create and curate great content

One of the easiest and fastest ways to build credibility in your personal brand is to create and curate really great content that supports the things you stand for. For many, it is finding great articles that are in your area of expertise and sharing those out to your networks.

For example, I am passionate about creating a happy workforce, so I curate content from a number of sites dedicated to helping people get the most out of their career and their workday. The key is to pick a few focused areas to solidify that branded position among readers and followers. Use a RSS reader like Feedly.com to aggregate news from all the blogs you read so you can go to one place to see all the news you may want to curate.

Step #4: Make new connections

Use LinkedIn Groups and Twitter to create new connections. Join groups on LinkedIn that are aligned with your brand and then, start posting your great content there. But, be sure you respond to any comments that your articles may generate.

In addition, you can also join a weekly Twitter chat to network with new people on Twitter. You can find Twitter chats by going to http://blog.tweetchat.com/and seeing what might align with your passions. If you choose to get involved in a Twitter chat, be sure to actively participate, use the hashtag of the chat and follow people who are interesting. This is a great way of growing Twitter followers and establishing your brand. Plus, a company or two has been known to use Twitter chats to identify talent to connect with, so they may also lead to job opportunities.

intern2

Step #5: Try your hand at guest posting

As you start to find your voice in this conversation, don’t hesitate to reach out to a blog you follow and ask to provide content. Many times, bloggers are looking for content and are happy to give you some space. Make sure when you are pitching a story idea that it is not overtly promotional and that you have a distinct point of view on the subject.

Step #6: Deliver what you Promise

So, you have a brand and your social profiles are beautifully aligned. You contribute to the conversation in your area of expertise. But, make sure that above all, you can back it up. Make sure that if someone comes across your work, it validates you position. So, be sure that you have the experience to back that brand up.Your word is your branding iron. Be known as someone who keeps his or her commitments, such as showing up for a meeting, being on time for an appointment, getting back to people on an article you promised to send or following through on any action item you undertook in a meeting. The list of small promises we make is long; be sure to keep each one of them.

 Step #7: Reinvent yourself  

Periodically evaluate your personal brand to make sure it’s consistent with how you’re evolving. Dorie Clark, author of Reinventing You: Define Your Brand, Imagine Your Future, provides five tips for changing how people think about you and reinventing your personal brand:

  1. Build your skills. Acquire the necessary skills for your new brand to give you the confidence to own it.
  2. Leverage your points of difference. Be clear about what separates you from the crowd—it’s what makes you memorable.
  3. Develop a narrative. Develop a one- or two-sentence statement that explains your evolution.
  4. Reintroduce yourself. Update others’ perceptions of you by strategically re-educating those around you about your transition.
  5. Prove your worth. Let everyone see what you’re about and what you can do so they’re comfortable endorsing your new brand.

Like it or not, we all have a personal brand, but we don’t all manage it strategically. Whatever type of company you own, don’t leave your personal brand to chance.

Get clarity about who you are and what you have to offer the world. Craft your brand message, and develop your brand story. Let the world know what you excel in and, most important, who you are.

Contributed by Shilpa Verma Kansal ( Class of 2008, IBS GURGAON )

I’M Glad I Learnt These 10 Things During My MBA Days

MBA aspirants

I passed my MBA 10 years back from IBS. I know that it has been a long time and you must be thinking why I am talking about the things that I learnt during my MBA days, now.

Let me share with you an interesting experience. Recently, I visited the IBS campus at Ahmedabad for an Alumni Meet where I happened to meet a group of candidates for the MBA programme 2015 (yes…Old memories are back…just feeling like an old veteran), and they asked me a few questions and out of which one question was:

  • Can you share with us what are the things that you have learnt during your MBA days which are helping you even now?

After pausing for a long time….I manage to answer it somehow. To be honest with you, while coming back home…I was thinking what could have been a better answer. That’s the reason I thought of writing this blog today. I think it is a very significant question that could help present and prospective MBAs during their time in ICFAI Business School.

So, No more gyaan, below are the 10 things that I learnt during my MBA in ICFAI Business School:

1. Work Smarter and Not Harder

In today’s competitive world, the major problem is we have too much work but unfortunately too little time to do it. Keywords that come to my mind are productivity and multitasking. During my earlier college days, I use to work hard but not really in a smart way. There were no nights, weekends, and evenings on weekdays.

Once, my professor told me that you should learn to adjust your habits in order to get more time for the things that matter most. Ultimately the numbers of hours in day i.e. 24 hours, will never change.

That was the turning point for me, I became more competent, and my productivity peaked. I learned how to multi-task and plan activities better. Not just in college, but also in my daily life.

Some Quick points to remember are:

  1. Plan Regularly and Ahead
  2. Prioritize
  3. Delegate
  4. Set Deadlines
  5. Organize Your Day
  6. Stay Flexible

2. Never Give Up it’s a Long-Road Ahead:

Life is like a roller coaster. You may not believe me but I wanted to drop out many times from my MBA. I found out later that it’s absolutely normal (sounds crazy, doesn’t it?) for such feelings to crop up.

Believe me, I wanted to quit but HE never wanted me to do that– If you are wondering who HE is, I mean the divine power above. MBA was in my destiny. Trust me “God has a plan for everyone”.

God has given me excellent professors, good friends and family who provided me with a hopeful future. Someday, if you feel like quitting, think about -what got you here, how far you have made it and what exactly is bothering you.

If you someday feel like quitting – Read the Poem below:

Don’t give up because you can’t do something

Don’t give up because you can’t achieve anything

Don’t give up because you are able to do nothing

You actually have it in you to do everything

Don’t give up because you can’t reach somewhere

Don’t give up because you can get anywhere

Don’t give up because you are ending up nowhere

You actually have it in you to attain success everywhere

 3. Give Back And Help Others:

Whatever I endured and resisted, I want to pass on to whoever reads this blog. I also meet people personally and listen to their problems in the hope of answering any questions they might have.

My advice is to cooperate with everyone, help somebody with less experience, offer assistance or expertise, and so on. Finally, you are gaining leadership skills.

4. Break The Barrier And Go Ahead:

The more I passed exams and saw the results that I got, the more I realized that there is never an end to success. Only thing that changes is your focus.

My focus on doing things serves as my motivation. So always ask yourself: What will be my next barrier that I need to break?

 5. Pursue Things Outside the Project:

What do I mean by this? If it doesn’t work within the project – always think “out of the box”. This skill will help you to grow in your career. It is always vital to be focused and motivated, you just need to do things a little outside of the box.

 

Example: If you treat your entire life like a project, you can’t use the same technique in different situations.

Distance-MBA-in-Finance copy6. Depend On Friends And Family To Help Get You Through:

Without the help and support from friends and family it is not very easy to achieve success. We all need Motivators just like Arjun (from the Mahabharata) had Krishna as a supporter. Your mental and physical health is very important.

We need support at both financial and emotional levels. I am a very social person, and just as I seek encouragement from others I am also ready to support others. With this blog, I want to say thank you to all my friends and family, and I hope they realize how much their support has helped me get through some of the hardest times of my life.

 7. Develop Character and Be a Leader

Before joining MBA, I always considered myself a leader. At MBA college, I got a chance to hone my skill and ultimately turn into someone with MORE initiative, passion, persistence, perseverance.

During these days, you are entirely on your own which forces you to develop certain character skills and develop as a better leader. Force yourself and make the best out of this.

Being a leader, you will develop skills such as time management, writing skills, communication skills, analytical skills, critical thinking skills, problem-solving skills and so on.

 8. We all have different definition of skills –Enjoy your work

The answer is yes. If one person is good in Marketing, another may be good in Finance or Human Resources. Everyone has different talent, so just enjoy whatever you do. It’s important to understand this right from the MBA class as it will help you to handle the healthy competition in the world.

Remember, in the real world enjoying work can be a little more complicated than in college days. There can be numerous other issues.

 9. Learn and Recover From “Failure:

Failure is needed, as it is a step to success. Remember – it’s going to happen. You’re going to feel like a failure particularlyin first few years when you are learning something new.

It is not a failure; it is instead a fight that you want to win.One good thing that I learnt during my MBA days is that “Failure is not the end. In fact it is the beginning of a beautiful journey.” I pushed myself forward every time I failed and looked at the BIG picture. Ultimately success was waiting for me.

Today, I am a stronger person and better equipped to handle things in the real competitive world.

Some words to remember – ACCEPT, OVERCOME, and LEARN from failures and find solutions.

10. Good Moments and Bad Moments:

Good moments – when you are “happy” due to good results or excellent project grades. Good moments come to you because you didn’t give up. Good moments give you self-satisfaction that you have worked hard.

Bad moments – Sometime, you did all the hard work, but unfortunately due to lack of information or reasons beyond your control, the project was delayed. Just when you think you have that “ah-hah” moment, you tweak it, repeat it, and that answer comes later.

Good or bad moments keep coming during MBA days. Just be sure to celebrate the good moments when they happen. Just learn from the bad moments and forget it. Don’t take good moments for granted because they don’t come as often as the bad moments.

Though the learnings may be different from person to person but remember one thing that you need to be really open to take all kind of feedbacks and comments whether positive or negative from your fellow colleagues or professors or your employer during summers etc. Just ask yourself, what is your learning quotient? Keep sharing with me, I will be happy to guide you.

Contributed by Sidhartha Mohanty (Class of 2005, IBS Ahemedabad)

Learning to be an Effective, Efficient and Good human being during MBA study

Business Approach

When you join an MBA programme at a good institution, you spend plenty of money and substantial prime time of your professional life. Obviously, you do this with some expectation of better life ahead. So, let’s look at what are your take-away from the MBA programme. These are mainly the following;

  1. A degree certificate confirming your having attended and successfully completed the program. It may also indicate division/distinction achieved.
  2. A marks list indicating the list of subjects studied by you during the two year period of MBA course and the percentage marks or grade achieved in each.
  3. Good knowledge on various subjects of the curriculum with more detailed understanding and knowledge of the specializations chosen by you, like ‘finance’, ‘marketing’, ‘human resource’, etc.
  4. A group of friends and contacts on whom you may rely in times of need.

That’s about all. However, all these are not enough for you to achieve fabulous career in a professionally managed firm with ultra-high salary package that you might have dreamt. You also expected the job to be highly satisfying, providing tremendous opportunities for learning and growth. All these and much more are possible only, repeat only, if you acquire one more take-away, as follows;

  1. To be a good person, i.e., totally different person when you come out of MBA programme compared to the person who joined the MBA course.

This 5th point, unfortunately, is not a part of the curriculum and it is generally not taught. It requires self-initiative and considerable effort. Some people call it ‘personality development’ but it is far more than that.

It involves complete overhaul of your innermost beliefs, instincts, emotions, attitudes, habits, behaviour and thought patterns. These aspects are extremely difficult to modify, as these are deep rooted in a person’s psyche and have been acquired over many years of living. It requires a deep urge to explore this area and introduce changes with considerable effort. The good news is that it is possible to bring about positive changes, albeit with keen insight, initiative, determination and perseverance of high order.

For a person to perform the assigned job with high sense of responsibility, one must possess good efficiency and high order of effectiveness. In addition one must be a good person at the core of his being. We shall now examine each of these aspects in more detail.

Many people confused between the words ‘efficiency’ and ‘effectiveness’. Broadly speaking, efficiency means doing things right whereas effectiveness means doing the right things. Effective signifies ‘what’ and efficiency signifies ‘how well’. One must achieve effectiveness and efficiency both, but effectiveness always comes first. For example, if you want to proceed in your personal journey of growth, effectiveness would imply your destination, direction and right path to reach the destination. Efficiency, on the other hand would imply using the available resources in an optimum way to complete the journey in the shortest possible time.

Effvseffpic

Efficiency is mostly a technical term signifying level of output from a given amount of input. In simple terms output divided by input is defined as efficiency. In management context it implies getting substantial work output from limited resources, especially using the limited time which is available.

Simplest form of efficiency improvement boils down to time management. Many people have examined the issue of time management and come out with large number of ideas and suggestions. Some of these are explained below.

  1. Plan your work. Make things-to-do lists everyday and prioritize the same.
  2. Increase your energy level by nutritious food, proper exercise, and adequate sound sleep etc.
  3. Delegate mundane work to levels where it belongs.
  4. Meditate everyday to develop inner calmness and highly focussed mind.
  5. Introduce lean thinking and 5-S in your work environment.
  6. Use technological gadgets and tools like Scraps, MakeMe, PayAnywhere, Producteev, Wunderlist, GoToMyPC, Google Docs, Dropbox, Roboform, Evernote, Google Drive, Dragon Mobile Assistant etc.
  7. Standardise the processes and document the same for future reference.
  8. Get accreditation of ISO 9001 (Quality) and ISO 14001 (Environment) so that production processes, systems and practices become formalized and get audited periodically.

Effectiveness on the other hand is a much wider term. It signifies that one must align all his actions and efficiencies towards the broader organizational objective. Issue of effectiveness in organizations has also been much deliberated. Some ideas for improving effectiveness are given below;

  1. Keep the focus on your contribution. Blaming the circumstances or other people never pays.
  2. Learn to be a team player. Even a genius cannot achieve good results by working alone.
  3. Learn to take responsibility. Simply doing what is asked does not take you to great heights.
  4. Always use innovation, creativity and better ways of doing work.
  5. Read repeatedly and assimilate the book ‘Seven Habits of Highly Effective People’ by Stephen Covey.

The most important and highly complex issue pertains to performing well under various types of favourable and most adverse situations. It requires bringing about innermost changes in the way a person perceives, feels, thinks and behaves. The issue of morals, ethics, values and deep rooted instincts occupies very high significance in this context. Consider the recent industrial frauds like Enron, Satyam etc. In all these cases the persons at the helm of affairs were highly efficient and effective. However, in all cases they had perversions, deep roots of greed, criminality, falsehood and other associated characteristics. A few steps those may be helpful to begin your journey in the right direction are given below;

  1. Highly useful qualities like enthusiasm, optimism, hope, compassion, synergy etc cannot be taught. These concepts can be explained by a teacher along with use of some examples. However, these need to be ingrained into your persona and that requires considerable will power, patience and perseverance.
  2. Observe other high achieving persons, read their biographies and cull out ideas and concepts you can use for your own development and growth. For example, Benjamin Franklin had very early in life laid down thirteen values to guide him in his living. Later in his life he was involved in framing the constitution of USA and rose to the position of President of USA. The list of thirteen values with brief description of each is readily available on internet and anyone can use these for personal transformation and growth.
  3. Charge your subconscious regularly with the thoughts you want to cultivate. This is also called self-hypnotism. If you tell something specific to your brain periodically with regularity, the inner brain called your subconscious mind absorbs such thoughts and it modifies your thoughts and behaviour patterns.

Once this aspect of MBA degree is understood right at the beginning of the course, students must embark upon a personal journey of their own in order to graduate out from the institution as a totally transformed person compared to one who got in. Then, and only then, sky is the limit for you and you can soar to great heights and fulfil your aspirations and ambitions with considerable finesse and ease.

Contributed by Sumit Gulati (Class of 2009, IBS HYDERABAD)

Financial Planning: How Indians perceive it

financial planAjay is 32 years old IT professional, married and has a four years old kid. He and his wife have a combined annual income of 20 Lacs. Ajay and his wife have a few financial and lifestyle goals, some of which include, owning a 3 BHK apartment in Delhi/NCR, a hatchback car and being able to afford a sedan in next three years, a 7 to 10 days holiday each year, save money for his kid’s education and finally for his own retirement.

Ajay’s goals are the most common aspirations of today’s middle to upper middle class income group. But how many of us are able to fulfill them? Are we able to plan our future wealth to the last detail? If yes, then are we doing it right?

So, what is financial planning and why is it important? It is true that no one knows what lies ahead. We do not know what to anticipate. But when it comes to money, we all want a magic wand that could turn our wealth in to a fortune! A financial plan is no such magic wand. But if you are a wise investor who is clear about his future objectives and lifestyle expectations, then planning your finances meticulously can help you achieve those goals.

Let us first understand, what includes a financial plan, who can prepare it for you and what benefits it could yield for you.

The first step towards financial planning is assessing your current wealth, assets and investments. Second is to deploy those assets to match your financial objectives.  A financial plan can help you find answers to the following questions:

  • What is your asset allocation and is it optimum?
  • Are you able to prioritize and put a number to your financial goals?
  • Do you have adequate life insurance?
  • Are you prepared for any contingency or medical emergency?

Financial planning can help you provide these answers and in turn can help you fulfill goals like stress free retirement, children’s education and marriage, buying a house, managing your debts and investments etc. It decides your net worth, calculates the adequacy of your insurance and can help you build a reserve for your retirement. It creates a portfolio for you, where your current and future cash flows are mapped to your goals.

Other advantages of financial planning include:

  • Minimizing your tax liability
  • Maximizing your return on investments (ROI)
  • Helping you keep track and maintain a balance between your income and expense
  • Suggest means to increase savings and offer financial security

There are two very important factors in financial planning. One is inflation and second is changing lifestyle needs. Inflation causes the depreciation in the value of money and its purchasing power every year. It causes the rise in price levels. A product which used to cost Rs. 100 one year back, today costs Rs. 108, assuming the inflation rate is 8%. The second factor is related to lifestyle changes. With increase in disposable income, it is common for us to want to upgrade our standard of living. What used to be luxuries have turned into basic lifestyle needs today; a benchmark of comfortable living. A sound financial plan can help you upgrade as well as maintain your lifestyle.

I sold financial plans (FPs) during my first job. It was the signature product of my company that based its USP on custom made financial plans based on the customer’s current financial strength. It was then that I closely observed the common perception among people about having your wealth managed by some third party. Clearly, the awareness on the matter is very low and people do not know the value of financial planning, which is directly related to inadequate levels of financial literacy. People living on a day-to-day basis find it hard to plan their finances. It is only when there is an increase in your wealth that you feel the need to save and multiply.

Financial plan 1

Another reason that financial planning is not very mature among India consumers is because of the long and extended family structures. It is common in Indian culture for children to take care of their parents after retirement. Indian investor is not akin to the idea of being used to paying for advisories. However, this scenario is changing slowly in the urban Indian market. With increased life expectancy, lack of pension schemes from the government and lifelong employment schemes by the employers, consumers need to take responsibility for creating their own wealth.

Financial planning becomes all the more important because of the unpredictability of the market conditions and lack of social security system in India which in western countries is quite developed. The investment landscape is becoming more and more complex and people do not have much time to devote in understanding and managing their finances on their own.

Financial plans are prepared by Certified Financial Planners (CFPs). But in India, consumers still have to rely more on sales people for information than on the advisors. This is another reason why there is limited trust among consumers on the companies offering financial planning services.  These days many banks also offer financial planning services, selling it under the names of wealth management, portfolio management etc. Important things to keep in mind before availing financial planning services are:

  • Hire an independent financial planner as you directly deal with the advisor and get more reliable information.
  • Make sure he charges you a fixed fee unlike a broker who charges percentage of your portfolio.
  • Do not fall for an investment that would sound too good to be true. Use internet and do some of your own research as well.
  • Be clear about your goals and prioritize them.

From a sales perspective, financial plan is challenging to sell because of its virtual nature like insurance. You are asking consumer’s money for a product that is planning your future based on speculations and might not consider market risks. Sometime it might ignore your risk appetite and suggest investment that you personally might be unwilling to make. Also, a financial plan might not yield the desired result, if down the line you are unable to follow it. For example, making an unexpected investment or facing a family emergency leading to cash outflow etc. The success of financial plan depends upon many factors, all of which cannot be foreseen and considered. A financial plan is not meant to be for life time as your short term financial goals might change after 10 years and you might have to reassess and modify your previous plan.

In the end, I would also like to throw some light upon building a career in Financial Planning. You can enter the field of financial planning if you have/are

  • An MBA in finance
  • CA, CS
  • CFP certification from Financial Planning Standards Board (FPSB), India, Mumbai; fpsbindia.org
  • CFA
  • PG Diploma in Financial planning

You can start your career by working with wealth management firms, banks, NBFCs, AMCs etc. With experience and time, you can also get into private consulting and advisory business. Many KPOs also hire financial planner as business analysts or research associates.

The major target segment for financial planning currently is the high net worth individuals (HNIs) and is still establishing its foot prints among the middle and lower middle income group. However, the services offered by CFPs is not just restricted to individuals but can also be rendered to corporate and institutional clients like banks, mutual funds, insurance companies, stock brokers, portfolio management firms etc.

Although the times are changing, financial planning is still a growing field and the consumer confidence level is limited, it is important to stay committed to your clients and offer them unbiased and impartial opinions.

Lastly, always remember, financial planning is not a tool for creating wealth or making you rich. It is just a way of helping you live judiciously today to have a more comfortable tomorrow.


Contributed by Isha Jajodia (class of 2010, IBS Gurgaon)

 

The Paradox of MBA Vs CA

MBA vs CA 1During my first job I had my boss, aged 28, who was a Chartered Accountant (CA) and he was inquiring about my MBA course. He said, he has heard a lot about MBA specially the course structure and various electives it would introduce at various levels of the program. Then I walked him through the entire program and he was impressed and  he sounded very keen to pursue it. Most importantly, he was happy about the fact that the course was for 18 to 24 months duration and also that there was a good surety of completing it unlike CA which would be uncertain at times.

On the other hand, I met a guy in my social circle who was an MBA and he was talking about the fact that how things would be different had he pursued CA. He meant he would have got better employment with better packages and being associated with big 4’s. He felt CA is a much better course and gives a more in-depth knowledge in commerce stream.

Maybe I met very few people, but I am sure this paradox of MBA vs CA is much more pronounced than we realize it. One has to understand what is their own need and how do they perceive these courses. Each course has its merit and demerit just like any other course you take it. These are not just limited to MBA and CA in isolation.

Let us compare both of it and see if MBA or CA is better:

Knowledge: MBA has multiple domains from Operations Management to Human resource management, from Financial Management to Marketing Management and so the list goes on. While CA focuses on Accounting, Auditing, Financial Management, Taxation and various similar subjects. So both courses have its level of knowledge and intensity. MBA is spread out to subjects more than CA while CA devotes more time towards Accounting. Individuals who have a preference towards commerce and finance then this course can be an apt, but individuals who need management knowledge with finance and accounting then MBA is a win-win situation.

Duration:  A full time non executive MBA typically ranges from 18 to 24 months broken down into various semesters. While the duration for CA is minimum 4.5 years if the candidate has successfully completed all the papers in one go. This duration increases until the person has successfully cleared all the subjects to qualify as a CA. Therefore the duration of the MBA is much lower as compared to the CA program.

Campus: A residential MBA or a full time MBA is provided in the classroom of the Institute for the entire duration of the course. Candidates are required to attend the lectures on a regular basis. All the subjects are trained within the campus equipped with various course related facilities and trained lecturers. While CA is a self-study course where individuals, mostly take tuitions and study in groups. The study materials are provided to the candidates and they have to study by themselves.

MBA vs CA

Study Methodology: The teaching is imparted by experienced lecturers who are well known and specialized in that particular electives or domains. The study is comprised of case studies which is taught in the classrooms and candidate has to brainstorm and prepare assignments, projects and have to take part in activity groups. During the course industry leaders and guest lecturers provide time to help candidates to provide important updates. CA course does not provide campus training, but they do conduct General Management and Communication Skills (GMCS) for 15 days twice during the course. The study material does have rigorous case studies.

Internship and Articleship: MBA usually has one semester dedicated towards Internships which pans from 2 months to 4 months. In this, the candidates have to relocate and take up a well designed Internship program in a company and have to apply theoretical knowledge and learn on the job. A guide is provided to the candidate who act as mentor and guide. While the CA program here provide 3 years of articleship or audit assistant. The candidate has to go through a rigorous training on a company under an experienced supervisor and extremely well regulated by Chartered Accountant Regulations, 1988. Further, the candidate has the option for industrial Training for 9 to 12 months.

Code of Ethics: CA candidates are governed by the Regulation and each charter holder needs to comply with the Code of Ethics and professional standards. Any deviation to the code of ethics would attract disciplinary action and punitive measures are taken.  The association may even de-register the name of the member permanently if the CA is found violating the code of ethics. This however is not the case for an MBA. There is no association who can de-register the degree unless such is acquired illegally.

Exposure: The focus of the MBA is to provide exposure to the candidate on multiple domains, bring a social change, instill leadership and management roles, time management, bring a strategic perspective and   help specialize in a particular domain or two. Social groups, clubs, management exchange programs, projects, and fests provide a new dimension to the candidate. CA course in particular does not conduct such social team building activities but it does bring the best out of the candidate from its intensive syllabus.

So the paradox if we see is self created. What MBA provides is not the same what CA provides. We all need to understand that each professional course is different and respected in their own terms. The grass will always look greener on the other side. An MBA would think CA is better while CA would think MBA is better or a CA would think CA is better or MBA would think MBA is better. Well, the truth is both courses are unmatched and designed for a purpose. Each has a high degree of exclusivity for which each of it is known. One course may take extra time, but gives an intense knowledge of the subject and other may take less time as it would like to provide only some important aspects of the subject.

MBA focuses on management subjects so that such candidates don’t find it difficult to manage business when they are on the job dealing with different departments. Their focus is high on team building and communication. While a CA program is focussed towards accounting where individuals manage the books of accounts and provide an expert view on the subject.  Individuals who do not wish to pursue advanced statistics may not go for CA or Finance in MBA.They will be better off doing a marketing course where they can explore their potential. Individuals who want to pursue financial management they can very well opt for Finance in MBA or if they would like to pursue accounts then CA can be one of the best options.

How much hard one may proclaim that MBA is better or CA is better, the answer remains the same, that each professional course is best to its objective for which it has been designed. The efficiency of the individuals does not come from holding a degree or charter boat and only through his or her learning and endeavor.


Contributed by Mitesh Agarwal  ( Class of 2011, IBS HYDERABAD )

 

IBS Entrance Selection Process – A personal experience

unnamedI have procrastinated on this article for a few weeks now.

The thing is I don’t believe there was an Aha! Moment where I knew I had made it – impressed everyone and earned my ticket to IBS. The day was surreal. The memories still echo in my mind, which mostly recalls my time there as filled with immense anxiety and joy.

It would not be possible for me to write about the second half of the IBS Entrance Selection Process (i.e. post the written exam) without going into some finer details. This may result in my inadvertently missing out on some larger issues (Apologies for this). Those you may have, in all probability, already covered.

I reached Hyderabad a day before ‘The’ day.

If you, an IBS aspirant, have the time during your visit, you may find it a nice idea to go check out the Dontanapalli Campus. Even if it isn’t your desired location, you may learn something invaluable while connecting with potential seniors and teachers there.

We thought it a nice idea too but unfortunately Google Maps wasn’t such a big thing in those days. The jungle highway routes can get a little confusing you know. And the language barrier didn’t stop the locals from giving us wrong directions. We saw them twice before we knew we’d been had. We spent three hours getting lost.

It was frustrating not getting to see my future (I hoped!) home and school, being so close.  It would be a few months more till I did.

The next day, I reached the venue a little late. This though not advisable, did not hamper my chances, I think. I missed attending the Orientation, which is actually intended for the Parent/Guardian.

Smell of Dosa and coffee permeated the air. Hungry parents munched gracefully trying to gather whatever local lingo they could from the caterers. Anxious students gagged at each smell.

A word here- It would be difficult but do try to force some food down. Given that the day is long, an empty stomach will only slow you down. Anticipation anxiety as it is can cause a lot of uncomfortable physical symptoms like Headaches and Acidity. Why not have a go at the native fare so generously provided by the host and line up the nervous stomach?

Clutching a handful of ‘Current Events’ memo-notes, I proceeded to mingle with my designated group.

There would be a Presentation and an Interview that day for each of us.

I was prepared for the former. The latter I had very little experience in.

You know what helped me relax? Each one of my supposed rivals!

Good vibes. Positivity. Motivation.

Sometimes you just need people to believe in youwithout even knowing you.

My presentation went smoothly and within the prescribed time limit.  It was an ‘Argument against Capital Punishment.’ We brought our own projector-friendly slides of our presentations. As part of the audience, I enjoyed my group members varying and interesting productions, occasionally asking an unoffending question or two regarding the topics.

There was a waiting period before the interview where the students mingled with each other, read newspapers and listened to the radio to pick up on as much news as they could.

Some of us would go on to study at our preferred location, and some to our less favored choice, while some would simply move on to make their future elsewhere.

And yes. People faint in the sordid Hyderabad heat.

Be prepared.  It will be hot. Carry your own bottle if you don’t want to blackout.

Whispers of how other interviews were going floated down to us- the anxiously waiting students.

MBA Graduates

I managed to note a few tips down based on the incidents of victories and failures.

Assume comfort and confidence-

The interviewers are not there to see you squirm but won ‘t deny themselves the pleasure if you show any discomfort. You can create a stress-free zone for yourself by doing a basic breathing exercise before you enter the Interview room. Take a deep breath (inhaling for four seconds), hold it for seven seconds and exhale through your mouth, releasing the breath for eight seconds. This is the ‘4-7-8 Breathing technique’ that helps calm the nerves.

Smile-

You may not feel like it but a genuine smile from you will almost certainly get reciprocated by the interviewers, release endorphins and create a pleasant feel-good ambience.

Be respectful-

Attitude and bad Attitude are two very separate things. Stand your ground but don’t be disrespectful. Listen to what they have to say. Let them finish.

Be humble and honest in your delivery-

You do not need to be a Know-it-all to impress your worthiness upon them. Let them see your personality without resorting to pompousness. On the other hand, if you don’t know an answer, do not opt for pretense.

Don’t go on and on-

Make sure you take pauses while speaking so that you don’t sound out of breath. Speak knowledgeably. Also have an approximate ending prepared before you answer a question. If you go on and on, you are bound to trail off somewhere and appear disorganized.

Be ready for follow-up questions-

After the first few obvious questions, the interviewers will try and gauge your strengths and weaknesses. They will try to get an idea of who you are, who you think you are and who they see you becoming. The questions are likely to come from your previous answers. Word your answers carefully so that the follow-up questions don’t stump you.

During the interview you basically need to show your merit without seeming obscenely self-important. The interviewers are having a tiring day too. Do nothing to aggravate it. Keep the conversation light and knowledgeable.

Everyone did his or her best. And then we waited. It was quite a long wait.

If I remember correctly, we got our verdicts around ten in the night.

I was in. I had my choice of campus. I was ecstatic!

And so were thousands of others.

For a while there, the mobile networks got jammed from the crazy amount of outgoing calls that the candidates placed.

A memorable day for sure.

–All the best to aspiring IBSiians! —


Contributed by Ankita Verma, IBS Hyderabad, Class of 2009

 

Coping With Interview Rejections

RejectionThere is a throng just in front of the notice board for the ‘Final Selects’ list of a company is out. You struggle through the ocean of people and make it to the list. You place your finger on the first name on the list and scroll it down to the last but unfortunately you don’t find your name in it. The smile dies on your lips and you lose all your hopes for making it to the C-World. You lose your strength to buckle up once again for the entire process of selection. But why don’t you find a way to clear the next interview in your last rejection? Yes! Let’s bring in limelight some of the ways to cope with interview rejections and taking lessons from them to clear the next selection process.

  1. Prepare Yourself

    1.          Before the interview : It is said that the Prevention is better than cure. You know about yourself everything but little do you know about the company. Do your “Homework” before sitting for the interview. Browse through the web pages of the company, try to know their future plans and most importantly get familiar with their products (or services).             2.         After the Interview : In worst case scenario if you get this intuition that you won’t be able to make through the interview then prepare yourself mentally for the outcome. Don’t give yourself false hopes because that might lead to distraction from future selection processes. Nevertheless, in any case don’t forget to follow the following points.

  1. Learn from your mistakes –

    Either we feel very low or we indulge ourselves in preparing for the next interview just after we face a rejection. In both the circumstances we forget to review our performance in the last interview. We definitely know what all questions and areas have led us to the rejection but rather than giving those areas a time we jump over to the preparation of next process. Though in the next interview we might not face the same questions but if those questions come in another form we should be able to tackle them easily. Hence make sure to correct yourself on those questions which have led to your rejection.

  1. Have a word with the selected candidates –

    Try to approach those colleagues of yours who have cleared the interview and made it to that company. Ask them about the questions they were asked during the interview and the way they answered it. You even adopt this approach even before appearing for any interview.

  1. Take Feedback –

    Almost every one of us don’t even remember the face of the people sitting behind the desk at the time of interview once we face a rejection from them. But if we could network with the interviewer after the process is over we could take a qualitative feedback on our performance and could polish the areas which led us to denial. One of the ways to reach Interviewer is with the help of references, if any, mentioned in the resume.

 Rejection1

  1. Don’t feel blue about it –

    Once it comes to your knowledge that you have been refused by the company don’t get depressed and feel sick about it. Rejections can happen with anyone and everyone. Rather stay motivated and remain focus for the next interview process. Taking the spoils of the last rejection to the fresh interview might again lead you to turmoil.

  1. Remember it is not personal –

    ‘They [Interviewer] didn’t like my graduation college or university’, ‘Because I am from this city or state he or she rejected me’, ‘I am rejected because I don’t know a particular language’ etc. thoughts races in your mind after you have been rejected by the firm. Remember if they want a candidate from a specific state or city who could speak a specific language then they definitely mention it at the time they come to recruit otherwise you are accepted or rejected on the basis of your performance only. Interview is truly a professional way of hiring.

  1. Don’t cry foul over intentional rejection –

    Let’s face the fact. Sometime it so happens that at the last momentin the interview hall you change your mind to get into the company. Either because you get to know the actual work from the interviewer and you don’t like it or there is some catch in the pay. You try your best to bungle up the interview in such cases. Also, everything ran as smooth as silk but when it came to the salary negotiation part or Job location part you didn’t agree with the employer. In both the cases you knew the outcome but when the result was declared and you didn’t find your name in the list you were all depressed to prepare for the next process. Hence try to overcome such situations rapidly.

  1. Control you emotions –

    As mentioned above that rejections are not done because of personal grudges. Keeping the same in mind make sure that you don’t blow a gasket against the firm which has rejected you and bad mouth about it everywhere.Even after giving your best you are rejected don’t speak ill of the company because that does not count under the professionalism. And in future if again an opportunity arises in the same firm you might end up cursing yourself for your behavior after your rejection.

  1. Go for Mock Interviews –

    There is a lot of difference between college entrance interview and a job interview. You might have been a part of lots of college entrance interview but if job interview is completely new on you then take your time before hoping from one job interview to another. If you face a rejection make sure you enroll yourself in some mock interview sessions and get a detailed feedback over the same. Well, as a part of IBS family then luckily you need not have to worry about it. Just before the placement season the management organizes GD & PI mock sessions for each and every student. The professor becomes the interviewer and that way you get a constructive performance review from them.

  1. Adopt conservative approach –

    You are from a Marketing stream. That does not mean in any way that you fit in each and every firm which is there to recruit marketing students. The firm might be looking for some Marketing Research student and you don’t have even the bits and bobs of this discipline with you. Hence be very selective about the firm so as to avoid the fear of rejection repeatedly.

Rejections come to everyone. Unless you are rejected in your life you won’t be able to enjoy the taste of acceptance. Rather than mulling again and again over the rejection, take some positive out of it and carry the same to the next interview. And always remember to keep a positive attitude even if you are rejected.


Contributed by Hasan Ali Gumani (Class of 2014, IBS HYDERABAD)