Wednesday, July 8, 2009

Wednesday, July 8, 2009 Best Schools for MBA - MBA Colleges in India - Top MBA Colleges: How will I fund my son's MBA? Best Schools for MBA - MBA Colleges in India - Top MBA Colleges: How will I fund my son's MBA? Posted by Achintya Das at 1:14 PM 0 comments

Thursday, June 25, 2009 Top B-schools in India IIM Bangalore Website

Courses Offered at IIM Bangalore • • • • • •

PGP PGPPM [PGP in Public Policy Management], PGSEM [PG in Software Enterprise Management, 2.5 yrs part time course for working professionals], EPGP [1 year Executive PGP course specifically, on the lines of ISB and IIM A’s PGP-X] FPM [Fellow Programme in Management] MDP [Management Development Programme]

IIM Ahmedabad Website Courses Offered @ IIM Ahmedabad • • • • • • •

PGP PGP-PPM [PGP in Public Policy Management] PGP-X [1 year Executive PGP course] PGP-ABM [PGP in Agro Business Management] FPM [Fellow Programme in Management] FDP [Faculty Development Programme] MDP [Management Development Programme]

IIM Calcutta

Website Courses Offered at IIM Calcutta • • • • •

PGP PGPEC-VLMP [PGP for Visionary Leaders in Manufacturing Sector] PGPEX [ 1 year full time MBA Executive courses (min. 5 years of work ex)] PGDM FPM

IIM Lucknow Website Courses Offered at IIM Lucknow • • • •

PGP PGP in Agribusiness Management PGP in BUSINESS MANAGEMENT for working managers (WMP) International Programme in Management for Executives (IPMX)

IIM Kozhikode Website Courses Offered at IIM Kozhikode • •

PGP Interactive Distance Learning (offers management education programme in Finance, Strategic marketing, Finance, Operations Management and Software Project Mangement]

IIM Indore Website Courses Offered at IIM Indore • • •

PGP One year EPGP [Executive PGP course ] Post Graduate Certified Programme in Management

ISB, Hyderabad Website Courses Offered at ISB, Hyderabad

• •

1 year PGP Business Research Fellowship Programme(BRFP)

MDI Gurgaon Website Courses Offered at MDI, Gurgaon • • • • • • •

PGP National Management Programme, NMP Post Graduate Programme in Public Policy and Management Post Graduate Programme in Human Resource Management, PGP- HRM Post Graduate Programme in Human Resource Management, PGP- HRM Post Graduate programme in International Management School of Energy Management

XLRI, Jamshedpur Website Courses Offered at XLRI, Jamshedpur • •

PGP in Business administration PGP in Personnel Management and Industrial Relations (PMIR)

FMS (Faculty of Management Studies), University of Delhi Website Courses Offered at FMS, University of Delhi • • • •

PGP Part time MBA MBA MS (MANAGEMENT OF SERVICES) Full time MBA HCA (HEALTH CARE ADMINISTRATION) Part time

Jamnalal Bajaj Institute of Management Studies [JBIMS] Website Courses Offered at Jamnalal Bajaj Institute of Management Studies [JBIMS] • •

Masters in Management Studies [MMS] Executive MMS in HR Management [MHRDM]

SP Jain Institute of Management Research [SPJIMR] Website Courses Offered at SP Jain • • • •

PGPM (11mths, full time) PGDSM MIT (2yrs, full time ) - Post Graduate Diploma in Systems Management (PGDSM) & Masters in Information Technology (MIT) Family Managed Business Executive Mgmt. Prog. (EMP)

Narsee Monjee Institute of Management Studies, Mumbai (NMIMS) Website Courses Offered at Narsee Monjee Institute of Management Studies, Mumbai • • • •

1 year full time programme Part time MBA [3 years] Part time MBA in Social Entrepreneurship PG Diploma in HRM [PGDHR]

Shailesh J. Mehta School of Management, IIT Mumbai (Bombay) [SJSOM] Website Courses Offered at Shailesh J. Mehta School of Management, IIT Mumbai •

Master of Management (M.Mgmt) programme [2 years, full time]

Admission via JMET.

Symbiosis Institute of Business Management, Pune (SIBM) Website Courses Offered at Symbiosis Institute of Business Management, Pune (SIBM) • •

MBA [Dual Specialization], Seats: 180 1 year Progamme for following courses [40 seats per course] o Postgraduate Diploma in Marketing Management (PGDMM) o Postgraduate Diploma in Finance (PGDF) o Postgraduate Diploma in Human Resource Management (PGDHR) o Postgraduate Diploma in Operations Management (PGDOM)

Also see: Symbiosis Center for Management & Human Resources Development, Pune (SCMHRD)

XIMB [Xavier Institute of Management, Bhubaneshwar] Website Courses Offered at XIMB [Xavier Institute of Management, Bhubaneshwar] • • • • • •

PGP Executive PGP Part time MBA PG in Rural Management [PGDM - RM] Postgraduate Certificate Programme in Business Management (PGCBM) One-year Postgraduate Programme in Management and Insurance (PGPMI)

IMT Ghaziabad Website Courses Offered at IMT Ghaziabad • • • • •

Post-Graduate Diploma in Management Post-Graduate Diploma in Management (Finance) Post-Graduate Diploma in Management (Human Resource) Post-Graduate Diploma in Management (International Business) Post-Graduate Diploma in Management (Information Technology)

Indian Institute of Foreign Trade, New Delhi and Kolkata Website Courses Offered at Indian Institute of Foreign Trade, New Delhi and Kolkata • • •

MBA – International Business MBA - Part time EPGDIB

Mudra Institute of Communications, Ahmedabad (MICA) Website Courses Offered at Mudra Institute of Communications, Ahmedabad (MICA) • •

PGP Executive PG Diploma Programme

• •

PG Certificate Programme PGPCME (PGP in in Communications Management and Entrepreneurship)

T.A. Pai Management Institute [TAPMI] Website Courses Offered at T.A. Pai Management Institute [TAPMI] • •

PGDM eGPX [Executive, Full-time, Post-Graduate Management program, Maximum intake of 40]

Bharathidasan Institute of Management, Trichy (BIM) Website Course(s) offered at Bharathidasan Institute of Management, Trichy (BIM) – PGDM. Also see: Bharathidasan Institute of Managemement, Bangalore

Loyola Institute of Business Administration (LIBA) Website Courses Offered at Loyola Institute of Business Administration (LIBA) • •

Full time PGDM Part time PGDM [3 years]

Institute of Rural Management, Anand (IRMA) Website Courses Offered at Institute of Rural Management, Anand (IRMA) • •

Post-Graduate Diploma in Rural Management (PGDRM) Fellow Programme in Rural Management (FPRM)

Tata Institute of Social Sciences (TISS) Website PG Courses Offered at Tata Institute of Social Sciences (TISS) •

Master of Arts in Development Studies

• • • • • • • • • • •

Master of Arts in Disability Rehabilitation Master of Arts / Science in Disaster Management Master of Arts in Education (Elementary) Master of Arts in Globalisation and Labour Master of Health Administration Master of Hospital Administration Master of Arts in Human Resources Management and Labour Relations Master of Arts in Media and Cultural Studies Master of Arts in Public Health Master of Social Entrepreneurship Master of Arts in Social Work

Institute of Management Development Research, Pune (IMDR) Website Courses Offered at Institute of Management Development Research, Pune (IMDR) • • •

PGDM PGDIT PGDHR

Part time Programmes: • • • • •

MDBA DMM DHRM DFM DIT

TAGS : TOP B-SCHOOLS IN INDIA SEZ IN INDIA GROUP DISCUSSION SALARY PACKAGES SWOT ANALYSIS EXECUTIVE MBA MBA COACHING COST ACCUMULATION COST ALLOCATION ECONOMIC ORDER QUANTITY GAAP COST & MGMT A/C COST & FINANCIAL A/C FINANCIAL & MANAGEMENT A/C MARGINAL COSTING & ABSORPTION COSTING BUDGET BEP LIMITS & BENEFITS OF BUDGET ABSORPTION & VARIABLE COSTING CFS & FFS PREPARE CFS WHAT IS RECESSION KOLKATA , MUMBAI , BANGALORE , CHENNAI , DELHI , PUNE, NOIDA , DELHI-NCR , IIM AHEMADABAD , ISB HYDERABAD , MBA COACHING , MBA JOBS , MANAGEMENT TRAINEE , INTERNSHIP ,B-SCHOOL ,MAT , CAT , EPAT , SAT , ATMA , GMAT ,IELTS , XAT , JMET , JEMAT ,MASTER OF

BUSINESS ADMINISTRATION, MANAGEMENT , MANAGER , LEADERSHIP, CORPORATE TIEUPS , MANAGERIAL DECISIONS Posted by Achintya Das at 11:31 AM 1 comments Labels: admission in mba, MBA coaching institutes, mba aspirants

SEZ In India History of SEZ In 1947 when India got independence at Puerto Rico industrialist and government was busy setting up world first industrial park. Ireland and Taiwan followed Puerto Rico in sixties and in eighties China bring the SEZ to the global map with its largest SEZ at the metropolis of Shenzhen. India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965. In 2000, after thirty-five years, Murlisone Maran, then Commerce Minister, made a tour to the southern provinces of China and realized the importance of SEZ. On returning from the visit, he incorporated the SEZ into the Exim Policy of India and after five year, Special Economic Zones Act 2005 was introduced and in 2006 SEZ Rules was formulated. The main objectives of the SEZ Act include – generation of additional economic activity , promotion of exports of goods and services, promotion of investment from domestic and foreign sources, creation of employment opportunities, and development of infrastructure facilities. Government initiative for SEZ Indian government to instill confidence in investors and signal their commitment towards a stable SEZ worked on the Special Economic Zones Act. In May, 2005 the Special Economic Zones Act was passed by Parliament, which received Presidential assent on the 23rd of June, 2005. The Special Economic Zones Act 2005, after extensive consultations, came into effect on 10th February, 2006. The Act offered drastic simplification of procedures on matters relating to central as well as state governments. The main objectives of the SEZ Act include generation of additional economic activity, promotion of exports of goods and services, promotion of investment from domestic and foreign sources, creation of employment opportunities, and development of infrastructure facilities. It is expected that the Special Economic Zones Act will trigger a large flow of foreign and domestic investment. Government offered various incentives to the companies in SEZ: • Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units • 100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years. • Exemption from minimum alternate tax under section 115JB of the Income Tax Act.

• External commercial borrowing by SEZ units upto US $ 500 million in a year without any maturity restriction through recognized banking channels. • Exemption from Central Sales Tax. • Exemption from Service Tax. • Single window clearance for Central and State level approvals. • Exemption from State sales tax and other levies as extended by the respective State Governments. The Special Economic Zones Act also offered major incentives and facilities to SEZ developers which include: • Exemption from customs/excise duties for development of SEZs for authorized operations approved by the BOA. • Income Tax exemption on income derived from the business of development of the SEZ in a block of 10 years in 15 years under Section 80-IAB of the Income Tax Act. • Exemption from minimum alternate tax under Section 115 JB of the Income Tax Act. • Exemption from dividend distribution tax under Section 115O of the Income Tax Act. • Exemption from Central Sales Tax (CST). • Exemption from Service Tax (Section 7, 26 and Second Schedule of the SEZ Act). Apart from the above mentioned incentives the companies in SEZ require no license for import made under SEZ units. In the case of losses they are allowed to carry forward losses. The other advantages are • No license required for import made under SEZ units. • Duty free import or domestic procurement of goods for setting up of the SEZ units. • Goods imported/procured locally are duty free and could be utilized over the approval period of 5 years. • The SEZ unit is permitted to realize and repatriate to India the full export value of goods or software within a period of twelve months from the date of export. • “Write-off” of unrealized export bills is permitted up to an annual limit of 5% of their average annual realization. • No routine examination by Customs officials of export and import cargo. • Setting up Off-shore Banking Units (OBU) allowed in SEZs. • OBU’s allowed 100% income tax exemption on profit earned for three years and 50 % for next two years. • Enhanced limit of Rs. 2.40 crores per annum allowed for managerial remuneration. • Since SEZ units are considered as ‘public utility services’, no strikes would be allowed in such companies without giving the employer 6 weeks prior notice in addition to the other conditions mentioned in the Industrial Disputes Act, 1947. The advantages of the SEZ are evident from the investment, employment, exports and infrastructural developments additionally generated. In midst of all these advantages the SEZ also has its own set of disadvantages, which include • Revenue losses because of the various tax exemptions and incentives. • Many traders are interested in SEZ, so that they can acquire at cheap rates and create a land bank for themselves. • The number of units applying for setting up EOU’s is not commensurate to the number

of applications for setting up SEZ’s leading to a belief that this project may not match up to expectations. The economist strongly believe that the benefits derived from the investments and additional economic activity in the SEZ and the employment generated thus will outweigh the tax exemptions and the losses on account of land acquisition. This post was submitted by Braj Mohan Chaturvedi. Posted by Achintya Das at 11:28 AM 0 comments Labels: economic tieup, sez

Group Discussion A GD is a methodology used by an organization to gauge whether the candidate has certain personality traits and/or skills that it desires in its members. In this methodology, the group of candidates is given a topic or a situation, given a few minutes to think about the same, and then asked to discuss the it among themselves for 15-20 minutes. Freshersworld.com brings you an elaborate section for GD as you had ever seen anywhere else. Some of the personality traits the GD is trying to gauge may include :-

Group Discussions Ability to work in a team Communication skills Reasoning ability Leadership skills Initiative Assertiveness Flexibility Creativity Ability to think on ones feet Group Discussion session is an important part of the company selection and admission procedure followed by the B-Schools worldwide. This session is conducted to analyze the ability of the candidates to think on a situation and present their views on the respective subject. This examination also helps the examiners judge the ability of the applicants to

perform in groups. Participants in a Group Discussion are always advised to practice group discussion sessions, so that they can come out with their best foot forward on the day of the examination. Group discussion topics are carefully selected from various fields to judge the qualities of the candidates. Topics that are selected for group discussion are chosen from various fields like sports, politics, social issues, environmental issues and current events. It is always difficult to guess the group discussion topics as it can be chosen from any field of work. However, students are always advised to read a lot of newspapers and business magazines to stay aware of the current events and happenings. Participants might not possess thorough information about the GD topics, but common sense and familiarity with the issue can be of great help during the time of group discussion. This always helps to present your ideas in a proper manner. In order to contribute meaningfully in the verbal test, it is essential for you to go through newspapers and other articles available online on a regular basis. Most of the GD topics are selected from current events, so profound knowledge on the recent issues is a must. You can also collect various group discussion topics online and start preparing yourself. This would help you build your confidence for the upcoming session. The examiners are there to see your psychological poise and temperament during the examination. You need to be confident about yourself and be smart and clear while presenting your ideas on the subject. Why GDs:The reason why institutes and companies put you through a Group discussion and an interview, after testing your technical and conceptual skills in an exam, is to get to know you as a person and gauge how well you will fit in their institute or Company. The Group discussion tests how you function as a part of a team. As a manager, you will always be working in teams, as a member or as a leader. Therefore how you interact in a team becomes an important criterion for your selection. Managers have to work in a team and get best results out of teamwork. That is the reason why management institutes include GD as a component of the selection procedure. Company’s Perspective:Companies conduct group discussion after the written test so as to check on your interactive skills and how good you are at communicating with other people. The GD is to check how you behave, participate and contribute in a group, how much importance do you give to the group objective as well as your own, how well do you listen to viewpoints of others and how open-minded are you in accepting views contrary to your own. The aspects which make up a GD are verbal communication, non-verbal behavior, conformation to norms, decision-making ability and cooperation. You should try to be as true as possible to these aspects. 1. Team Player It is essential for managers to be team players. The reason: Managers always work in teams.

At the beginning of his(manager) career, a manager works as a team member. And, later, as a team leader. Management aspirants who lack team skills cannot be good managers. 2. Reasoning Ability Reasoning ability plays an important role while expressing your opinions or ideas at a GD. For example, on India’s growth and its effect’s: Any Answer for this should be based on reasons, not assumptions. 3. Leadership There are three types of situations that can arise in a GD: ~ A GD where participants are unable to establish a proper rapport and do not speak much. ~ A GD where participants get emotionally charged and the GD gets chaotic. ~ A GD where participants discuss the topic assertively by touching on all its nuances and try to reach the objective. Here, a leader would be someone who facilitates the third situation at a GD. A leader would have the following qualities: ~S/he shows direction to the group whenever group moves away from the topic. ~S/he coordinates the effort of the different team members in the GD. ~S/he contributes to the GD at regular intervals with valuable insights. ~S/he also inspires and motivates team members to express their views. Caution: Being a mere coordinator in a GD does not help, because it is a secondary role. Contribute to the GD with your ideas and opinions, but also try and steer the conversation towards a goal. 4. Flexibility You must be open to other ideas as well as to the evaluation of your ideas: That is what flexibility is all about. But first, remember: Never ever start your GD with a stand or a conclusion. Say the topic of a GD is, ‘Should India Ban night work for Women at night hours?’ Some participants tend to get emotionally attached to the topic and take a stand either in favour or against the topic, ie ‘Yes, India should’, or, ‘No, India should not’. By taking a stand, you have already given your decision without discussing the topic at hand or listening to the views of your team members. Also, if you encounter an opposition with a very strong point at the 11th hour, you end up in a typical catch-22 situation: ~If you change your stand, you are seen as a fickle-minded or a whimsical person. ~If you do not change your stand, you are seen as an inflexible, stubborn and obstinate person.

5. Assertiveness You must put forth your point to the group in a very emphatic, positive and confident manner. Participants often confuse assertiveness with aggressiveness. Aggressiveness is all about forcing your point on the other person, and can be a threat to the group. An aggressive person can also demonstrate negative body language, whereas an assertive person displays positive body language. 6. Initiative A general trend amongst students is to start a GD and get the initial kitty of points earmarked for the initiator. But that is a high risk-high return strategy. Initiate a GD only if you are well versed with the topic. If you start and fail to contribute at regular intervals, it gives the impression that you started the GD just for the sake of the initial points. Also, if you fumble, stammer or misquote facts, it may work against you. Remember: You never ever get a second chance to create a first impression. 7. Creativity/ Out of the box thinking An idea or a perspective which opens new horizons for discussion on the GD topic is always highly appreciated. When you put across a new idea convincingly, such that it is discussed at length by the group, it can only be positive. You will find yourself in the good books of the examiner. 8. Inspiring ability A good group discussion should incorporate views of all the team members. If some team members want to express their ideas but are not getting the opportunity to do so, giving them an opportunity to express their ideas or opinions will be seen as a positive trait. Caution: If a participant is not willing to speak, you need not necessarily go out of the way to ask him to express his views. This may insult him and hamper the flow of the GD. 9. Listening Always try and strike a proper balance between expressing your ideas and imbibing ideas. 10. Awareness You must be well versed with both the micro and macro environment. Your awareness about your environment helps a lot in your GD content, which carries maximum weightage. What skills are judged in group discussion? * How good you are at communication with others. * How you behave and interact with group.

* How open minded are you. * Your listening skill. * How you put forward your views. * Your leadership and decision making skills. * Your analysis skill and subject knowledge. * Problem solving and critical thinking skill. * Your attitude and confidence. Posted by Achintya Das at 11:24 AM 0 comments Labels: admission in mba, gd

What is Recession In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction.During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation. By the conventional definition, a slow-down has to continue for at least six months to be considered a recession. Characteristics of a Recession A recession has many attributes that can occur simultaneously and can include declines in coincident measures of activity such as employment, investment, and corporate profits. Such a slow-down is characterized by a number of different trends, including: * Declining demand for output leading to higher levels of spare productive capacity * Contracting employment / rising unemployment as firms lay-off workers to control their costs (see the chart below) * A sharp fall in business confidence & profits * A decrease in fixed capital investment spending because there is insufficient demand to justify new capital projects * De-stocking and heavy price discounting - this leads to lower inflation * Reduced inflationary pressure in the labour market as unemployment rises * Falling demand for imports * Increased government borrowing Measures of Recession At a layman level, recession is usually identified and measured by 1) the amount of job losses, 2) the reduction in the national production of goods and services (a decline in real GDP) and 3) the result of these first two events—a sharp rise in unemployment rates.

Why Recessions Happen Recessions occur when there is a prolonged drop in spending. When total spending in the economy declines, there is not enough demand to keep everyone employed and as sales and production drop, companies begin to lay off workers. There are not enough customers to keep everyone employed. The Anatomy of the 2009 Recession

The Recession Spiral The current recession was started when there was a broad recognition that home prices were far above normal levels and that many borrowers had bought homes they could not now afford. The combination of these events started a sharp drop in home prices and foreclosures that is still continuing. These two events also created a tightening of home lending criteria and caused a huge decline in home construction and related jobs and spending. The next event was the realization that banks and other financial institutions were severely affected by the losses in home values and were holding loans that would never be repaid. The housing downturn became a financial sector crisis as financial institutions faced large loan losses. The nation saw mergers, bankruptcies and federal takeovers to try and stabilize the banking sector. These events resulted in a loss of confidence and decline in the stock market. The large loss of wealth in home and portfolio values caused a slowdown in consumer spending. At the same time that US domestic economy was turning down, economies all around the world were slowing (Nissan announced 20,000 layoffs today), which will contribute to a decline in U.S. exports–another spending sector to turn down. Currently these declines in spending are feeding on each other creating large continuing job losses and great uncertainty and fear and further layoffs as businesses are preparing for lower sales in the future.

The Global Recession 2009 In April 2008, the International Monetary Fund (IMF) predicted that global growth would drop to 3% or less in 2008 and 2008, defining this as a global recession. The world’s riches economies are continuing to shrink, signaling that we are indeed getting closer to a global recession. With the industrial world already in outright recession and the emerging world navigating toward a hard landing (growth well below potential), I expect global growth to be flat (around -0.5%) in 2009. This will be the worst global recession in decades as the fallout of the most severe financial crisis since the Great Depression took a toll first on the U.S. and then–via a variety of channels–on the rest of the global economy. The global recession is set to be deeper than already pessimistic forecasts, according to the Organisation for Economic Cooperation and Development (OECD), which warned that protectionist measures will only intensify the financial crisis. To summarize, the 2009 forecasts of economic activity, if realized, would qualify this year as the most severe global recession during the postwar period. Most indicators are expected to register sharper declines than in previous episodes of global recession. In addition to its severity, this global recession also qualifies as the most synchronized, as virtually all the advanced economies and many emerging and developing economies are in recession. Posted by Achintya Das at 11:15 AM 0 comments Labels: recession, salary package

Average salary packages slide down by 25% across top B-schools According to a research on placement trend of the year 2009. This year, due to the economic recession and shrinking job opportunities in the market, fresh B-school graduates were left with very restricted options and had to accept job offers with low salaries. While last year, on an average, the salaries rose by 20%. But there has been a fall of about 25% (Still on the brighter side) in compensation packages this year. Even the Indian Institute of Management (IIMs) institutes, considered to be the best B-schools in India, got a taste of meltdown. IMTs and XIMB have students who have accepted offers of 3.25 Lakhs by software companies. Take IIM Ahmedabad (IIM A) for instance. According to the placemt statistics, this time the average domestic salary at IIM A came down to Rs 12.17 lakh from previous year’s Rs 18.75 lakh, with a decline of about 30%. On the international placements front, the picture was worse. Last year, several offers in the range of USD 280,000 to USD 360,000

were made to IIM A students, but this year’s highest offer was that of USD 83,000. A substantial USD 277,000 lesser! The picture is grimmer at other IIMs. This year, the average salary at IIM Calcutta (IIM C) was recorded at Rs 12.70 lakh, a significant 23% lesser than last year’s average package. This year, the highest offer at IIM C was pegged at Rs 60 lakh per annum. However, last year the average figure was around Rs 16.40 lakh and the maximum package was somewhere between Rs 65-70 lakh. But this year’s highest international package at IIM C was an exceptional, as it touched the figure of USD 86,785, considerably higher than what was offered at other IIMs. At IIM Indore (IIM I), too, plunging salaries remained the top concern. The average annual compensation offered at the campus stood at Rs 10.29 lakh, almost 21% lesser than that offered in 2008. An annual compensation of Rs 9.65 lakh per annum was offered to IIM I candidates without experience. Experienced candidates, however, were offered slightly better packages with an average annual compensation of Rs 10.67 lakh per annum. Even at IIM Kozhikode (IIM K) the average annual salary declined considerably. While 2008 placements at IIM K saw a jump of 16%, this year the salary package offered slipped down by around 28%. Last year, the average annual salary offer was Rs 14.83 lakh, but this year the offers could not exceed the Rs 10.61 lakh per annum mark. The MBA Placement Report also found that other top-line B-schools like FMS, JBIMS, XLRI, IIFT and SPJIMR saw a drastic decline in their pay packages too. Surprisingly, some B-schools are still grappling with the placement process. The placements at International Management Institute (IMI) Delhi are not over yet. According to IMI Delhi 95% of its batch has been placed and they are hoping to place the rest by the end of June. The average domestic salary offered to the IMI Delhi students this year (as on June 12, 2009) is Rs 6.03 lakh per annum, while last year the average domestic salary was Rs 8.75 lakh per annum. If this is the Placement at IIMs and top B Schools of India, imagine for others like Symbiosis, ICFAI, NArsee Monjee…etc. SECTORAL PREFERENCES 08 vs. 09

1 2 3 4 5

Finance & BConsulting (08 Banking (08 vs. Diff school vs. 09) 09) IIM A 45% 39% -6 31% 24% IIM B 30% 28% -2 37% 25% IIM C 34% 40% +6 26% 21% IIM L 31% 40% +9 23% 16% IIM I 49% 49% – 13% 14%

Diff -7 -12 -5 -8 +1

Marketing (08 Diff vs. 09) 8% 7% 7% 18% 20%

13% 16% 18% 31% 25%

+5 +9 +11 +13 +5

6 7 8 9 10

IIM K XLRI IIFT FMS XIM B

36% 31% 38% 52% 32%

37% 30% 20% 49% 32%

+1 -1 -18 -3 –

25% 21% 3% 16% 10%

16% 8% 9% 12% 7%

-9 -13 +6 -4 -3

22% 23% 39% 26% 20%

28% 32% 30% 26% 23%

+6 +10 -9 – +3

Source: MBAUniverse.com MBA Placement Report 2009 Entrepreneurship on the Rise

With dwindling number of jobs in the markets, entrepreneurship received boost at IIMs and other MBA institutes too. This year Xavier Labour and Relations Institute, Jamshedpur (XLRI), introduced deferred placement system. The year also saw the launch of three start-ups by XLRI students. One XLRI student even signed out from deferred placements. Similarly, one student from S.P. Jain Institute of Mgmt & Research (SPJIMR), Mumbai has plans to setup an independent venture. Like many other MBA institutes, SPJIMR provides its students with an option to return after two years for normal placements if their venture fails to kick off. What’s more, some of these MBA institutes even help those opting to take the road less traveled with funds. Posted by Achintya Das at 11:12 AM 0 comments Labels: bschools, slary package