Power Of MBA
Post on 13-May-2015
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IMS LEARNING RESOURCES PVT. LTD.
“If you don’t know where are you heading, chances are that you may not reach there”
Power of MBAExplore Destination MBA
B.E. (Mech)
Karnataka Regional
Engg. College
B.A. (Eco) St.
Stephen’s College
B.Sc. (Physics)
Kerala University
B.A. (Eco) St.
Stephen’s College
B.Sc. (Chem) Madras
Christian College
MBA IIM - A
MBA FMS
MBA IIM - C
MBA IIM – A
MBA IIM - C
Former MD ICICI Bank
Former MD
Microsoft
Founder & CEO
Rediff.com
Founder & CEO
Naukri.com
CEO PepsiCo
K.V. Kamath
Neelam Dhawan
Ajit Balakrish
nan
Sanjeev Bhikchan
dani
Indra Nooyi
Did You Know?
50% of CEOs of top Indian companies
are from IIMs
Source
http://economictimes.indiatimes.com/articleshow/4305814.cms
This isn’t always how MBAs are seen, howeverLet’s see what Scott Adams (of Dilbert fame) has to say…
Hark!
B. A.
B. Com/ B.B.A
B. E./ B. Tech
B. Pharma.
B. Sc
M.B.B.S.
Work ExSystems
Management
Supply Chain Management
H. R. Management
Brand Management
Corporate Banking
Equity Research
Investment Banking
Management Consulting
Opportunities Galore
People at IIM-A in 2003-05
Engineers Chartered
Accountants B.Com. Economics Doctors Historians Defence Services Models Sailors Hotel Management
Learning? It’s not “for
engineers” It’s not “for CAs” It’s the most
general-purpose educational qualification out there today
If so, what value is it of? Hmmm….
But Why? … Why MBA?
According to the Graduate Management Admissions Council, MBA provides you with …
An opportunity to improve personally Desired credentials An increase in career options Development of management knowledge and
technical skills Preparations to get a good job and opportunity
for quicker advancement An increase in earning power
An MBA is a formal program in Management/ Business Administration
Aims to Develop Future Leaders and CEOs
MBA does not get you a Job, it gets you a CAREER
Value of an MBA degree in $$$*
• During the early stage of their job career the average earnings gap between those with MBAs and those with bachelor’s degrees is over $25,000 per year.
• During their prime earning years, between the ages of 45 and 50, those with MBAs earn roughly twice the amount earned by their counterparts with bachelor’s degrees.
• The ROI (return on investment) for MBA degree is estimated to be 18%-22% which is higher than the average return on Dow Jones during the last two decades.
• For a two-year MBA the payback period is about 3.6 years meaning that three and a half years after your MBA, you will be better off even taking into account the direct investment and the salary foregone.
• “Getting an MBA today is like receiving a tax-free, cash award of more than $600,000.”
• * AACSBI BizEd and QS Top MBA, 2006
However…
There are things an MBA simply cannot give you Real-World Knowledge Street Smarts Wisdom Attitude
How people decide?
It sounds glamorou
s
I don’t have a
job
MBA is a shortcut to big bucks
Because everyone is doing it
How You Should Decide
Understand What does MBA mean Where it can take your CAREER
Learn about choices post MBA Role Function Industry
What is a Recession?
National Bureau of Economic Research (NBER) defines it as:
“A significant decline in activity spread across the economy, lasting more than a few months, visible
in industrial production, employment, real income, and wholesale-retail trade”
“… and it begins just after the economy reaches a peak of activity and ends as the economy
reaches a trough. Between trough and peak, the economy is in an expansion.”
According to International Monetary Fund(IMF),
“Recession is the economy shrinking for two consecutive quarters (6 months) with a
decrease in the GDP”
GDP (Gross Domestic Product): Value of all the reported goods and services produced by the people operating in the country
GDP = MONEY VALUE OF {C + I + G + (X – M)}
C = Consumables, I = Gross Investments, G = Government Spending, X = Exports, M = Imports
What is a Recession?
In Simpler Words
Lesser Demand in Market Hence Lesser Production Hence Fewer Jobs Hence Fewer Promotions Salary Cuts and even Lay Offs
That is, Lack of Opportunities
The Depression and MBAs
Popular Perception MBAs, and their machinations, brought this
recession upon us
Rece
ssio
ns
19
25
- 2
00
1Period Time (in
months)October 1926 to November 1927 13
August 1929 to March 1933 43
May 1937 to June 1938 13
February 1945 to October 1945 8
November 1948 to October 1949 11
July 1953 to May 1954 10
August 1957 to April 1958 8
April 1960 to February 1961 10
December 1969 to November 197 11
November 1973 to March 1975 16
January 1980 to July 1980 6
July 1981 to November 1982 16
July 1990 to March 1991 8
March 2001 to November 2001 8
So…
Now we know that Recession is not a new thing but a regular phenomenon that
occurs from time to timeIn fact, the world has already seen around
14 recessions since 1925!and
They have lasted, on an average, for around 13 months!!!
Remember
“Companies are always seeking skilled, competent managers who could handle challenges and give effective business
solutions for the benefit of the company”
IMS List of Top Management Institutes
CRÈME DE LA CRÈME
IIM – A, B, C, L & XLRI
Category A+
FMS, IIFT, IIM-I & K, IRMA, ISB, JBIMS, MDI, NITIE
Category A
GIM, IIFM, IMT, MICA, NMIMS, Praxis, SCMHRD, XIMB
The Tests
Test MonthCAT December
IIFT November
IRMA November
JMET December
SNAP December
XAT January
FMS January
The CAT
Common Admission Test Gateway to IIMs “Believed” to be one of the toughest
entrance tests Traditionally, a Paper Based Test Now going online
The Visible Change
No. of Sections No. of Questions Test Duration Scoring/Negative Marking No. of Options
Structure
Over the years, CAT has evolved to become more like GMAT/GRE
This can be inferred from changes in CAT
Same has been stated by IIMB in their recent notification as well
CAT Goes Online
What does Online mean? What will change? What will NOT change? What are the implications for me? How should I prepare for this?
Computer Adaptive Tests
GMAT Like Benchmarks candidates level of aptitude One question at a time Test adapts the level of difficulty of
questions to assess candidate’s performance
Computer Based Tests
Whole Question Paper at a time Navigate across the questions and sections Not much of the difference except the
media One Section at a time One Question at a time
What Will Change?
The Test Medium From Paper to Computers
The Structure Adaptive/Non Adaptive
Sectional/Question Level Evaluation Flexibility of Test Dates
What will NOT change?
Skills Tested Problem Solving Skills Language Skills Decision Making Skills Conceptual Clarity Application Ability
Challenges
Getting used to computers, keyboards and mouse
Working on computer for longer duration Adapting to online testing formats One question at a time:
Really thorough with concepts and application
CAT gives you a relative score
Hence difficult or easy questions actually doesn’t matter!
But lets do some questions…
Travelling Ant
• One ant starts walking from the base of a cylinder (Radius = 7 cm, Height = 33 cm) and ends up at the top of the cylinder at a point exactly above the starting point. Find the distance travelled by the ant.A. 50B. 53C. 55D. 57
Boats
Two boats are 10 kms apart and are travelling towards each other with speeds 18 kmph and 36 kmph. Find the distance between boats exactly 10 seconds before they collide.A. 50 mB. 150 mC. 500 mD. 3000 m
Euclid
Euclid has a triangle in mind. Its longest side has length 20 units and another of its sides has length 10 units. Its area is 80 sq units. What is the exact length of its third side?A. √240B. √250C. √260D. √270
How do you define difficulty level?
B. The Competition
What really matters is how you do vis-à-vis competition!
The Competition
CAT '08 2,75,000 applicants for 2000+ seats
Chances = 1 out of 135!!!
Now, that is difficult!!!
Lets See!
Applicants = 2,75,000Appeared for Test = 2,46,000
Almost 30,000 already out of competition
Chances = 1 out of 125
More than 50% appear for affiliated institutes
Number of IIM aspirants = 1,20,000 (approx)
Chances = 1 out of 60
Less than half of this number actually prepare
Number of SERIOUS IIM aspirants = 60,000 (approx)
Chances = 1 out of 30
For a Serious IIM Aspirant to get a GD/PI Call
Chances = 1 out of 10!!!
And you thought CAT is difficult?
When do I start preparing for CAT ’10? The $1,000,000 answer
About 22 years ago
The 50 cent answer Start Now 1.5 hours a day for the next year and you
are guaranteed to do well in the exam
Life’s races aren’t always won by the fastest, the strongest or the biggest
but sooner or later the one who wins is the one who thinks
I CAN!
Why IMS: 7 Reasons
1. Exhaustive Study Material
2. Comprehensive Classroom Training by experienced/trained faculty
3. Intensive Workshops: the final thrust for your CAT prep
Why IMS
4. SimCATs: The true reflectors of your CAT potential
5. Online Enabled: for test practice and more
6. National Achievers' Program: to convert your GD-PI call
Why IMS
7. Delivering Success: story so far 2500+ calls from the IIMs alone 2000+ calls from other top institutes (XLRI-200+, FMS-100+, IIFT-400+, IRMA-
150+, S.P.Jain-200+ .....) Toppers in CAT, XAT, NMAT and MAT More than 60 percent of our call getters are
full-time classroom or correspondence students
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