I graduated on Saturday morning with an MBA. If thats the way to put it. It was a packed hall. Almost 2000 people were there and it was filled with flashes from the camera as people walked on to the stage and collected their dummy certificates from Montek Singh Ahluwalia. It was quite an event for a number of people, especially the parents, to see their child walk down the red carpet to the seating area. Imagine Branjelina getting out and walking towards the Kodak Theater. It was like that. The flashes filled my eyes. I was surprised to see enthusiastic parents eagerly waiting for the son or daughter to walk past them and then they would think - ah! my child has done it.
Anyway, after the big not too interesting speech about the indian economy, we got our certificate. Technically I did not get mine because the bank has already taken it as a collateral for the loan I have availed. The food in the atrium sucked big time. It was the usual sarovar menu and it was pathetic. People queued around everywhere and were also taking photographs. We (my parents and I) had a quick lunch and then I took them for a tour around the academic center.
I got to see the yearbook too. I did get my copy. It was such an awesome feeling to hold that book in my hand. we had done so much work on it the last week including 2 sleepless nights and it had come out extremely well. it was a great moment of pride. no more words on that. its something that i will live with for some time atleast.
life in the real world has started from today. well i do get back for orientation coming friday, but till then its going to be something different and what i have to look forward to in the future. the first thing was the internet connection at home. it started playing up the moment i logged on. well, there is no 7555 to call up and ask what the problem is. no one will attend to your problem till 10am the next day. and this is something you cant fix on your own. it gave me a feeling of being totally left in the open without any support system. and this is what a comfortable b-school life does to you. now its not easy to have everything at the click of a button. and i am sure that i am going to see more of this reality everyday from now on.
yesterday, i had also been to this place called Srisailam - a few hundred miles away from hyderabad. i do have to write about that. but thats reserved for the next post.
4 comments:
congratulations !
any (graduation) kodak moments
mama, apart from 7555, am sure its housekeeping that we are going to miss a lot! :-)
Not to forget, yeah the yearbook is really AWESOME! loved it! cheers! :-)
ISB graduates get record salaries
Hyderabad: The Class of 2007 of the premier Indian School of Business (ISB) has attracted record salaries, with the top international offer being $269,000 (Rs.11.8 million) against the highest domestic offer of Rs.4.39 million, it was announced here on Tuesday.
The average international salary was $135,000 and the average domestic salary 1.50 million. Interestingly, a large number of students opted for domestic jobs.
"The placement results for 2007 have been outstanding," ISB dean M. Rammohan Rao said.
"There has been a sharp increase in the CTC (cost-to-company) levels and our students have shown immense confidence in making choices that suit long-term career prospects over immediate salaries," he added.
The Class of 2007 completed the one-year intensive Post Graduate Programme in Management on April 7. Of the 416 students in the class, 414 participated in the placement process that concluded Tuesday and, among them, received 584 offers from over 200 companies that visited the campus during the last few months.
The Class of 2008 will commence April 15.
"The high CTC levels demonstrate the confidence that companies have in the high quality of the ISB's management talent," said Rao, even as he added a word of caution.
"We need to take a balanced view of international offers given by multinational companies. I urge everyone to use these figures in the proper context so that potential students may get the correct picture of what they can achieve in a management institution."
The Class of 2007 received offers from a variety of companies and industries.
The number of offers from the financial services sector more than doubled to 97, while a large number of offers continued to come from consulting companies.
Companies from several new sectors like real estate, oil and energy, media, manufacturing, micro-finance, education, and healthcare, as also NGOs, made offers to ISB graduates.
This year, for the first time in ISB's six-year history, a company recruited two groups of four-to-five students as core management teams to run stand-alone businesses.
These groups will have full responsibility of setting up the projects from ground zero and leading them to become a success.
"The company has offered students both CTC and equity stakes in the project, making it an exciting and attractive option for students with an entrepreneurial bent of mind," ISB deputy dean Ajit Rangnekar said.
The work experience of the students in the two groups ranges from two years to 11 years.
An interesting trend witnessed at the ISB was that a large number of students preferred domestic placements.
"Many ISB students come with international work experience. After a year of learning and exposure to global faculty and management practices, they are keen to develop careers in India," Rangnekar pointed out.
Often, those opting for international offers were observed to be discussing with the recruiters the possibilities of returning to India.
"Increasingly, job content and location are becoming top priorities for selecting an offer," Rangnekar said.
Meera Sridharan, for instance, has opted for a domestic offer after working in a multinational company in the US.
"Many of us look for challenging roles that give us the freedom for entrepreneurial expression. I was keen to be located in Chennai, near my family and I am happy that I got an offer from a company that had the flexibility to help me do so," she explained.
One of the unique platforms ISB provides is an opportunity for students to make career shifts. Thus, from the automobile industry to banking, from transportation to telecom, from being a doctor in the armed forces to a fund financing NGOs, the Class of 2007 has made several interesting career shifts.
"I had learnt and grown a lot during my career in the shipping industry but I needed to find new challenges," said Vijay Nehra, who has now moved to an FMCG (fast moving consumer goods) company.
"ISB changed my life. I got an excellent opportunity to refresh myself and find a new career that fulfils my ambitions and gives me a completely new perspective," Nehra added.
ISB is a research-oriented independent management institution that grooms future leaders for India and the world. Its association with the Kellogg School of Management, The Wharton School, and London Business School makes it a one-of-its-kind in Asia.
The school offers a one-year postgraduate programme; short-duration, high-powered executive education programmes for CEOs and senior executives; and a two-year research fellowship programme.
"The origins and distinctive research of our faculty members ensure that our programme content is contemporary and global in its perspective, and develops our students' understanding of modern management opportunities and challenges," dean Rao explained.
Hyderabad: After the prestigious IIMs, it seems that Hyderabad-based Indian School of Business is blipping on the radar of big employers.
Five students from the prestigious Indian School of Business have bagged international jobs worth Rs one crore annually with the highest clocking Rs 1.2 crore.
The highest domestic offer was Rs 44 lakh per annum and the hot sectors at the campus were real estate, consultancy and finance. The manufacturing sector also came calling in a big way.
"The strong message we are getting is infrastructure is really hot. Steel and cement at the moment . Oil and energy are also big and so is health care,” said ISB’s Deputy Dean, Ajit Rangnekar.
ISB salaries have been more or less at par with IIM-A one-year management courses for people with work experience.
Interestingly, despite the compensation difference between domestic and international offers, 90 per cent of the ISB students opted to stay in India.
"We are really bullish on the Indian economy right now as a collective group and a lot of the times the role being offered in India was infinitely more interesting and the career progression graph was also much more accelerated in India,” said ISB graduate Ali Potia.
Five students in the 2007 batch of ISB have chosen to work in the development sector, while 15 others have decided to be entrepreneurs .
The officials from the B-school say this is the first step in the right direction and expect these numbers to shoot up over the next few years.
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