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5 Dream Jobs After MBA where a degree makes a difference!

Praqtise — Wed, 14 Dec 2016 12:25:35 +0000

“In these jobs, an MBA degree will help you run the fast track in the rat race!”

Getting your dream job after MBA can be a tall task, which may come with a lot of hurdles. The placement process is sometimes as convoluted as the CAT question paper itself! However, it is not just getting the dream job that counts, but actually having the requisite skill set to excel in that dream. In most cases, the jobs after MBA start at the bottom rung, with you having to work yourself tirelessly towards the top of the corporate ladder. However, there are a handful of dream jobs where a degree from some of the best MBA colleges in India, such as NMIMS or SP Jain will actually help in the path to the top.

‘Living the Dream(s) after MBA.’

There are many dream jobs, but living the dream will depend ultimately on the individual. Getting a job after MBA in any of these four streams, however, provides a nice cushioned career path, with almost guaranteed results. All you have to make sure of is that your chosen MBA specialization (MBA Finance, MBA Marketing, MBA HR or MBA Operations) is in line with your career aspirations. To make it slightly easier for you, we have recommended the suggested specialization with the respective dream jobs.

‘MBA in Finance –Financial Analyst jobs after MBA’

PRAQTISE Fact File: One of the best MBA colleges in India for finance is IIM Calcutta. The finance program in the college is well known for academic and placement superiority.

Financial Analysts need to be insightful with plenty of analytical ability. They must be on their toes for emerging trends in the markets. They must have excellent communication skills and above all, need to be smart (almost to a point of being arrogant). Arrogance and communication skills are usually very different after the MBA degree. They do not remain the same as the fish market style of GD-PI during CAT preparation. In fact, after MBA, the individual usually becomes polished and confident of talking in public forums. It emphasizes the importance of simple things, like reading business newspapers and insight papers by established academic institutions.

Becoming a financial analyst after an MBA could very well help in reaching your career goals. Most financial institutions hiring from premier MBA colleges look for a well-rounded and insightful individual. Bagging the right job with the right degree backing, could open limitless possibilities in this field.

‘The Marketing MBA – Marketing Manager jobs after MBA.’

Marketing departments at various firms require fresh young blood to drive their marketing strategies and plans. MBAs serve as prime candidates with key insights into the generation Y mind set. Not only does this mean significantly higher compensation than your peers, but it also means working with some of the biggest brands, such as Procter and Gamble or Coca-Cola.

The marketing manager role involves overseeing the promotion and maintaining the image of a business line/product/service or brand. Depending on the job, hey may be managing the marketing of a whole line of business, or that of a particular product. MBA colleges produce marketing specialists who influence people’s lives daily, with the consumers being blissfully unaware!

To excel in this domain, one must have a fresh perspective, stellar presenting skills and above all a creative bent of mind. While some argue that creativity while studying for MBA, the degree is what equips one with the necessary technical capabilities. Extracurricular activities are the ideal outlet for your creative energy. Recruiters do prefer students who balance academic and extracurricular endeavours . So go for a student council position or join one of the various committees and student governing bodies to showcase the creative nature of the MBA. That is where it will really help if the student sees himself as a marketing guru.

‘MBA HR– Recruiting Manager jobs after MBA.’

Human resources MBAs are surprisingly underrated. A person looking to build a career as a human capital specialist can see very early fruits of his MBA. Not only is the job fun and sociable (until you need to fire someone!) but the importance of developing networking and people skills cannot be overstated. Backed by technical knowledge of HR concepts, the MBA in HR is unstoppable if he or she plays their cards right and leverages upon their MBA experience.

Networking is the key skill here, along with managing people. However, this is a job best suited for individuals who seek out interaction and thrive on collective effort.

‘MBA Operations– Supply Chain Manager jobs after MBA.’

Supply chain management is all about efficiency. The modern MBA programme promotes efficiency- be it through improving productivity or managing time. Any MBA student can attest to this fact.

Specializing in operations management allows for students to take efficiency to new levels. Supply chain management is all about finding a balance between productivity, quality and efficiency. It puts him leagues above his colleagues in achieving career success and in jumping out of the rat race.

‘Consultant – Technical consulting jobs after MBA’

Accenture, McKinsey, Bain and so on, we have all heard these names being referred to in high regard. Consultancy jobs are definitely among the most rewarding jobs after MBA. Also, the sheer prospect of being able to work on real life organizational problems for different sectors is as exciting as the pay packages.

A management degree grants a definite edge when vying for such jobs. As a result, companies pick candidates with the desired grounding in management education. For a student, it is a chance to go from solving cases to solving problems in real time.

‘Jobs after MBA – the Verdict.’

An MBA degree especially from the best MBA colleges in India, such as the IIMs, XLRI, SP Jain etc. opens up wonderful job prospects for you. For getting these highly coveted job roles, an MBA degree can be considered to be a massive springboard.

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Image Sources

good financial analysis

marketing management

recruitment-management

supply chain management

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Jobs after MBA – International or National

Praqtise — Wed, 30 Nov 2016 15:51:05 +0000

The final reward

A fat pay package job – The final reward of your years of toil though the educational system. Let us be point-blank pragmatic here, while your endless educational expedition does leave you learned and wise, the only tangible reward that you can flaunt are the jobs after MBA. What better way to land yourself a fat pay-package than an MBA from a top B-School. There is enough discussion among anxious CAT candidates that securing a good B-School is the penultimate step to success.

And why not! It is almost certain after that that you would land yourself in a respectable company, with a respectable position. Over the last few years, apart from the best Indian companies, top MBA colleges have managed to get International companies on their campus too. This gives a choice to the students to eye at a career outside India. While this option looks extremely mouth-watering, let us dissect it a little further. We shall look at the countries you actually get to go to, the salaries offered and other pros and cons of international placements.

The idea is to leave the reader better informed. Are International Jobs after MBA actually as good as the top-notch offers from Indian Companies? If one finds international placements really attractive – what is the right way to prepare for the same?

Dissecting International jobs after MBA

It will be interesting to know that international placements have postings across the globe. The lustre around an international placement might die for some if you get posted in an unknown country of Africa. Some important things you have to consider are –

Location

Most B-Schools do not easily reveal their international recruiters on their website. Yet a detailed analysis of the placement reports shows that 90% of the international jobs after MBA are located in The Middle-East, Africa and South East Asia. Some well-known recruiters are Olam International (Africa and South East Asia), Landmark Group (Middle East), Goldman Sachs (USA and South East Asia), Deutsche Bank (USA and South East Asia).

An international location means experiencing and adapting to climate, food and culture. How smooth this transition will be is likely to differ from case to case. “Dubai feels a lot like India! The food is wonderful, maximum expats are Indians or Pakistanis so you tend to feel at home.” – said Abhinav after working in Jumbo Electronics for three years. He was placed there from IIFT, known for its flagship International Business course, in 2012.

On the other hand, Anubhav of FMS 2012 batch, has a different opinion about his placement location Abidjan (Ivory Coast, Africa) in Olam International – “It took me some time to get used to the culture here. The place is beautiful but I am a vegetarian so I had to literally innovate with the food here.”

Good research of the location that you would get is very important to have the right composure. While some students revel in the alien culture, some get extremely anxious.

Relevance of the pay-package

Converting a foreign currency to Indian equivalent just through the conversion ratio might not work! PPP (Purchasing power parity) is a much important way to guess the value of the package.

Comparing with Indian Jobs

In all these parameters discussed above, do overseas jobs after MBA stand to be outright winners? Not really! India is a diverse country geographically, culturally, and economically. Location, local rents, and cost of living in each location vary drastically. Yet, within the country, transfers and movements are much easier.

Also, a secondary consideration is that you would have a much colourful social life in your country! You will have to make difficult choices – a fat pay-package or staying closer to home, long-term savings or a happening social life! Like in every decision in life – you will have to leave a few things behind!

Future professional growth prospects

An international placement does not guarantee exceptional career growth. On the other hand, domestic placements are not necessarily inferior. A number of factors are at play, including geographical location. A job in Africa or Middle East is likely to pay handsomely, but will not paint a clear picture in terms of long term growth.

The state of the economy of any country has a very direct impact on the job market . A country experiencing sluggish growth will offer limited prospects. The sentiment prevailing in the country regarding immigrants also plays a key part.

It is a different story when it comes to working within India. You can apply to work in parallel industries and improve your job profiles gradually.

Preparation to get your Dream International Job

If international placement is looking attractive to you, how do you ensure that you get one of those jobs after MBA ? It is always good to have a rough idea of which are your dream companies as early as possible. This helps in developing a profile which is attractive to them.

The first step is to get noticed. Your resume should bring out your best professional qualities and give a glimpse of your personality. Plan your resume keeping the company you are applying for in mind. Company related, industry related and geography related preparation would be very necessary.

So are you excited to travel outside India for a job? Do write to us if you wish to know more!

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Cheque

Location

Burger

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5 well-known media personalities who cracked the CAT exam with great results

Praqtise — Thu, 24 Nov 2016 11:28:50 +0000

Numerous disciplines are offered if you plan to do an MBA

One evening, I was having a conversation with my father about my plans after graduating in Mass Communication. My dad suggested that I should pursue Masters in Journalism. But I was not sure if that was indeed what I wanted to pursue.

I countered my father, saying that I would like to give the CAT exam and pursue an MBA. My father said that how would I study accounts, statistics, business studies, and other subjects without having the basic knowledge. To him, MBA is limited to a few disciplines like Marketing, Finance, HR, and Operations. It was then that I told him that one could pursue an MBA in Journalism and Mass Communication as well. He stared at me wide-eyes for a few minutes, not believing what he had heard. But then again, at his age, and with such a limited exposure, who can blame him?

Let alone my father, many MBA aspirants do not have enough exposure to know the number of disciplines on offer. Avenues like Brand Communication, Media Management, Research Analytics are up for grabs.

MBA in Communication is the new ‘MBA marketing’

The concept of the conventional MBA with only a few specialisations is changing with the times. Today, you can find some of the most unconventional disciplines to pursue if you plan to crack the CAT exam and pursue MBA. And what better way to catapult your career to success than pursuing an MBA specialisation in the discipline you wish to make a career in? I wish to pursue a career in Journalism, which is the reason why I plan to pursue an MBA in Journalism or Communication. With the advent of social media and hence, social media marketing, an MBA in Communications is gradually becoming equally and even more valued than MBA in Marketing. As more and more companies start realising the importance of social media, communication, and brand management, numerous opportunities are going to open up for MBA graduates specialising in Communication and Journalism.

Five celebrities who aced the CAT exam

The following is the list of celebrities and media celebrities who have studied MBA and have scaled great heights of success.

Prasoon Joshi

We all know Prasoon Joshi for his award winning lyrical work and screenplay . However, a lot of people don’t know that he is also the CEO of McCann World Group India, which is a subsidiary of McCann Erickson, a global marketing firm. Prasoon Joshi has successfully completed his MBA from IMT, Ghaziabad, which is one of the most prestigious colleges for studying MBA in India.

John Abraham

John Abraham is one of the top stars of Bollywood. John holds an MBA from Narsee Monjee Institute of Management Studies in Mumbai. NMIMS is one of the most prestigious Business Schools in India.

Siddharth Suryanarayan

Siddharth who is a successful actor and an MBA graduate from SP Jain

Siddharth is a beloved actor well known for his performances in movies like Rang De Basanti. He is also a singer and a screenplay writer. Siddharth too is an MBA graduate, from SP Jain Institute of Management and Research in Mumbai.

Mini Mathur

Mini Mathur, the successful model, actress, and host; best known as the host of Indian Idol season 4. She is also a Video Jockey and has hosted many shows on the popular channel MTV. However, not many know that Mini is an MBA graduate from Institute of Management and Technology, Ghaziabad.

Ira Trivedi

Ira Trivedi is a columnist, yoga teacher, and an author. Her most popular works include ‘What Would You Do to Save The World’ and ‘The Great Indian Love Story’. Ira Trivedi is as a successful MBA graduate from the Columbia School of Business.

PRAQTISE Fact File

Mallika Sarabhai is yet another minor celebrity turned politician who cleared the CAT exam and pursued MBA from the most prestigious B-School in India – IIM Ahmedabad. Similarly, Deepika Narayan Bhardwaj, the independent film-maker holds a Post Graduate Diploma in Journalism from the Indian Institute of Journalism and New Media.

A Praqtical Look

It is inspiring to look forward to a role model in the field that you want to pursue. Knowing that people who have studied the same discipline have excelled at whatever they have done gives you the much-needed motivation to achieve your career goals. Keeping an update of the successful people in the discipline which you want to follow can inspire and motivate you in the right direction.

Which of your heroes also hold management degrees? Do share with us in the comments.

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Image Sources

Prasoon Joshi

John Abraham

Siddharth Suryanarayan

Mini Mathur

Ira Trivedi

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How have MBA graduates impacted the advertising industry of India?

Praqtise — Sat, 22 Oct 2016 11:22:05 +0000

“Time to get some inspiration!”

Mitesh and Aazib were best buddies. Aazib was a smart, talented and creative boy. He liked to take part in advertising competitions. He was able to deal with the creative aspect of such events very naturally. Mitesh was the IT expert. He managed the technical part. Their duo won most of the competitions. After graduation Aazib wanted to do MBA in Marketing and Mitesh wanted to do M Tech in IT from the Unites States. College ended, years passed, both of them became very successful in their respective fields and countries, but they lost touch with each other.

Mitesh wanted to grow his business in India, so he began to talk to his friends here about leading Ad agencies. He happened to look at the Forbes Magazine of that month and he was stunned to see the cover page. It was his teammate, his friend, Aazib on the front page, the new CEO of one of the most prestigious Ad agencies in India. Mitesh was happy because he had found a way to get in touch with his old friend and also because his friend was the CEO of one the leading Ad Agencies in India.

‘The ever-changing Advertising field of India.’

Advertising in India in the past meant printing ads in the classifieds and jingles on radio. After the television was invented, ads were shot and displayed on TV. Door to door publicity, advertising mailers, marketing hoardings soon followed.

Some of these advertising methods still exist, but most of them have become old and obsolete.

But soon the times changed and so did the field of Advertising in India. With the introduction of social media, knowledgeable customers and competition, it became necessary for the media companies to strive to do better.

Fact file: Digital marketing is the new marketing. Digital marketing industry is estimated to be worth $68 billion. While all the other sectors are struggling with a growth rate of 5 to 10%, the media industry is growing at a rate of 40%. And the growth is not going to be stagnant in the coming future.

‘Get inspired by the big shots of the Advertising industry who are MBA graduates also.’

Leaving aside the change brought about by technology, the growth in advertising as an art is the result of certain outstanding creative minds.

Some of the best MBA colleges in India have been producing graduates who have changed the face of advertising in India. They are making an impact on our lives on a daily basis, but we might not know about them.

Some of the MBA graduates who made it big in the industry and the highlights of their career are mentioned below.

1) Prasoon Joshi

Prasoon Joshi is known for being a famous lyricist, screenwriter and ad-guru, but not many people know that he is a student of MBA Marketing from IMT Ghaziabad. Yes, that’s surprising! Prasoon is the the CEO of McCann World group India and the Chairman. He is also a writer and poet, mainly in Hindi and English languages. The Government of India awarded him the Padma Shri in 2015 by for his contribution in the fields of Arts, Literature and Advertising in 2015. He also won himself the Filmfare Best Lyricist Award three times, in 2007 and 2008 and again in 2014. Prasoon has also received the National Film Award for Best Lyrics twice, once for his work in Taare Zameen Par, and the second award for Chittagong.

He started writing a book at an early age of 17. While pursuing MBA, he decided to fuse his love for culture and art and his passion for advertising to build a career in the field.

He started his career with one of the world’s leading agencies, Ogilvy & Mather. He became a creative star in the company. Prasoon rose to be executive creative director of the flagship Mumbai office within ten years of joining. In 2002, he joined McCann-Erickson as executive vice-president and national creative director. By 2006, he was the regional creative director of South East Asia. In December 2006 he was elevated to executive chairman for McCann Worldgroup India and regional creative director for Asia Pacific.

2) Kunal Jeswami

Kunal Jeswani, the Chief Operating Officer of one of the most prestigious advertising agencies of India, Ogilvy and Mather. He is an alumnus of one of the very first PGP batches of MICA, Ahmedabad. He completed MBA specialization from MICA in 1996 and started his career by working for Enterprise Nexus. After that, he became the Managing Director at The Republic. Before he became the Chief Executive Officer of Ogilvy and Mather, India, he enjoyed working as Senior Vice President, President & Country Head and Chief Digital Officer. Some of his clients include Unilever, Cadbury, Vodafone, the Indian Premier League and Tata Motors.

3) Madhukar Kamath

Madhukar Kamath is the Chairperson of the Governing Council of MICA. He is an Economics graduate from Loyola, Chennai and he studied Management at XLRI Jamshedpur. In 2011, Madhukar helped Omnicom in acquiring Mudra Group and in steering its integration into DDB Worldwide. This new entity became the DDB Mudra Group. Currently, he is the CEO and MD of DDB Mudra Group. With more than three decades of experience, he has spent close to twenty-five years in the DDB Mudra Group. He is responsible for the acquisition of Clarion and bringing Bates and Zenith Media into the country, facilitating the entry of Abbys in Goafest, opening the doors for Media Agencies into AAAI and chairing the highly successful AdAsia 2011 in Delhi.

4) Diwan Arun Nanda

Diwan Arun Nanda, Chairman and Managing Director of Rediffusion- Y&R is a graduate of IIM Ahmedabad. He was the advisor to the late Mr. Jawaharlal Nehru and also a jury member to Cannes Film Festival. Between 1993-1995 and 1999-2000, he led Advertising Agencies Association of India as President. He holds the Distinguished Alumni Award by Loyola College, Chennai and IIM-A.

You could be one of them too! So, don’t waste time and start preparing. If you have any doubts or queries, or if you want to share something, do write to us. We’ll be happy to help you.

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Image Sources

[1]: http://www.pinkvilla.com/files/images/k_23.jpges

[2]: http://images.indianexpress.com/2015/03/prasoon-joshi.jpg?w=438?w=370

[3]: https://www.mica.ac.in/alumni-in-news/kunal-jeswani-becomes-the-ceo-of-ogilvy-mather-india

[4]: https://www.mica.ac.in/madhukar-kamath

[5]: http://www.iimahd.ernet.in/institute/about/alumni/illustrious-alumni.html

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Five Non-Mainstream MBA Jobs offered to B-school students

Praqtise — Mon, 10 Oct 2016 12:51:02 +0000

Management studies opens up a plethora of career options from construction management, tourism management to luxury management and so on. We see MBA jobs opening up in an increasing number of unconventional domains.

One aspiring to land up in the non-profit sector can now achieve this through their MBA degree. Similarly, students with a strong inclination towards arts can now combine their vocation and avocation in placements.

A lot of hype is created by the best MBA colleges in India, about dream jobs like a brand manager at HUL, a consultant at KPMG or an analyst at Barclays. But careers after an MBA shouldn’t be restricted to these. Instead, there are lots of dream jobs waiting for those wanting to get into non-mainstream (from an MBA perspective) sectors.

We compiled a list of non-mainstream job areas that have taken in MBA students in significant numbers in recent years:

MBA JOBS IN NGO

NGO’s provide an excellent outlet for a broad range of society’s skills and labour force, remarked Peter Drucker, a management thinker. A research study indicated that there are 19 million people employed full time in this non-profit sector. When it comes to MBA graduates, they have the skills (strategic as well as analytical) and accreditations which non-profit segments need.

PRAQTISE Factfile: Habitat for Humanity International, which aims to eliminate poverty housing and homelessness, has recruited an MBA team that won the Hult Global Case Challenge for 2012. The students exhibited proficiency in planning and organising limited resources, much akin to the working environment in an NGO. Such jobs also offer good exposure since the stakeholders involved are large entities such as local communities, environmental bodies, governments, etc.

NGO’s: Teach for India, Goonj, SOS, Rotary Club, Give India

MBA JOBS IN PERFORMING ARTS & CULTURE

Every one of us has hobbies since our childhood whether its dance, drama or music. MBA careers have now opened up even in performing arts and culture. Today, there is a realisation of inculcating business and administrative skills in creative fields like those of entertainment, film, theatre and stand-up comedy. As a result, many companies look for a blend of management and artistic knowledge including Book My Show, Wiz Craft, Canvas Laugh Factory, Yashraj Studios, TVF and MTV Indies.

MBA JOBS IN AGRI – BUSINESS MANAGEMENT

Agri-business sector is growing rapidly with a CAGR of 13%. IFAMA, 2012 reports confirmed that food and agriculture business is going to triple itself by 2020. It presents huge opportunities with the scale of investment required in production and processing. Hence it is on an exponential trajectory and demands people with managerial skills. It opens up opportunities to work with government (NABARD, FACT, and FCI) and non-government organisations. Also, the scope is not limited to PSU and NGO’s but extends to FMCG; retail chains like Big Bazar, Reliance Fresh; organic food producers, biotech food manufacturers; and food processing companies. It requires one to be very operation and quality oriented.

GREEN JOBS AFTER MBA

Green jobs have been on the rise and are going to thrive for another decade. Clean energy and sustainable development are issues of global importance. Companies like ITC, HUL advocate the ‘Triple Bottom Line’ concept of ‘People, Planet and Profits’. As a result, firms are always on the hunt for efficient and diligent MBA professionals. Managing finance, law, logistics and marketing requires significant expertise. Many companies like Tata, SBI, Amul, Taj, and Godrej are adopting green marketing practices and policies. MBA professionals contribute by designing campaigns to educate customers and reach them. Some of the best MBA colleges in India like IIM Lucknow, TERI University, IMTS, Amity Institute of Energy and Environment are providing MBA courses in areas such as environmental management, sustainability & disaster management.

MBA JOBS IN SPORTS MANAGEMENT

Sports Management is one field that is growing with increasing grandeur of events such as RIO Olympics, UEFA league, T-20 World Cups, Futsal, IPL and EPL. A greater number of MBA graduates are taking up sports as a career option. Job profiles include roles such as organisers, managers for teams and spokespersons. NBA, NFL, MLB, EPL, NHL, and PGA – the biggest of sports leagues are expanding aggressively, with no signs of slowing down. This field is ideal for people who are sports enthusiasts as well as have credible business acumen. Today games like Football, which has a market size of $28 billion each year presents a plethora of opportunities for football freaks such as team managers for football clubs, customer and ticketing managers and officials of governing bodies.

A Praqtical Look: Strong and sincere passion should dictate the choice of going for a non-mainstream job. Entering into verticals such as sports management or the non-profit sector will require more than just a managerial outlook. In the long run, a person possessing the genuine interest in such fields is likely to reach further than one treating it just as a job.

What is the most interesting non-mainstream MBA job that you have heard about? Do tell us about it in the comments.

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Career options after MBA Marketing

Praqtise — Fri, 30 Sep 2016 19:24:50 +0000

“ MBA Marketing – The gateway to the most sought after corporate jobs.”

A group of students from an MBA Marketing class are talking about their upcoming campus placement schedule. It is fascinating to know their viewpoints for jobs after MBA in marketing.

“Guys, keep your fingers crossed…all of our dream companies should participate in campus placements this year.”, Ganeshan said.

“Yeah, I have always dreamt of getting a sales job in MNCs such as P&G, Johnson & Johnson, HLL, etc.”, Vinayak replied.

“Why do you think of just sales jobs? There are many better options for MBA marketing students”, Gajanan pointed out.

“Yeah, I also prefer advertising, media, or digital marketing jobs.”, Bhalchandran said.

PRAQTISE fact file: MBA marketing contributed to 1/5 of the total campus placements for PGP program of IIM-Ahmedabad for the year 2016.

Sector – wise scope

Marketing is an essential field for all the industries across the economy starting from pharmaceuticals to IT. These industries recruit thousands of students with MBA marketing degree every year. They also provide excellent career prospects and handsome salary packages in India and foreign countries. There are brilliant opportunities in both public as well as private sectors. The major industries that recruit MBA are listed below.

1) FMCG

This is one of those sectors that hire the most number of marketing students. FMCG sector offers the highest packages to students of almost all the Top B–schools. The top recruiters in the industries include:

Colgate – Palmolive
P & G
Johnson & Johnson
Hindustan Unilever Limited (HUL)
ITC
Nestle
Parle Agro
Britannia Industries Ltd.
Godrej
Marico, etc.

2) Telecommunications

Telecommunications is one of the best sectors to work for with a great scope for future growth. Telecom sector companies participate in all the top MBA colleges and offer attractive packages to MBA marketing students. Here is the list of top recruiters:

Airtel
Vodafone
Tata
MTS
Reliance
Idea (Aditya Birla Group)
Aircel
Uninor etc.

3) Manufacturing

Students with an engineering background and MBA marketing degree get the most number of offers from the top manufacturing companies in India. This sector provides lucrative salaries and incentives both in India and abroad. Top recruiters from this area include:

L & T
Aditya Birla Group
Apollo Tyres
Jindal Steel
Videocon
Asian Paints etc.

4) Public Sector Companies

Almost all the Maharatna and Navaratna companies of India participate in campus placement of top MBA colleges in India. They provide great packages coupled with high job security and prestige. Top recruiters in public sector include:

BSNL
MTNL
ONGC
NTPC
Public Sector Banks, etc.

5) Digital Marketing Jobs

Apart from the conventional sectors listed above, internet marketing jobs are also preferred by students. The online marketing jobs include profiles for e-commerce, SEO strategy, online advertising, social media marketing, e-networking, content marketing, etc. Some companies that offer MBA jobs in this domain are:

Flipkart
Amazon
ShopClues
Paytm
SnapDeal
GoDaddy, etc.

6) Consultancy/Market research

Consultancy jobs are the cream of the crop in MBA placements. The global powerhouses of consulting are very picky and only hire from the top 10 ranked institutes. Market research firms are less selective and open up an incredible field for aspirants from many MBA colleges. Some of the most recognised names are

Deloitte
Accenture
McKinsey
Nielsen
IMRB, etc.

Growth – wise scope:

The work profile, position, designation and salary package offered to a student depends on grades, the repute of the MBA institute and work experience. Here, we have compiled the designations at which a student with an MBA Marketing degree gets recruited.

Business Development Executive/ Manager
Area Sales Manager
Market Research
Brand Manager
Sales Manager
Media Planner
Internet Marketing Manager
Product Manager
Research Analyst/Associate

The roles and responsibilities of these positions involve team building, team handling, strategy formulation and implementation, etc. The majority of these posts require some amount of field work. Hence, a marketing professional needs to be more dynamic and prepared for travelling. For those who thrive in a challenging environment, there are great possibilities of reaching top management levels such as Vice President, President, Chief Marketing Officer, Chief Operations Officer and Chief Executive Officer. So, put in all the hard efforts to get your desired goal. A brilliant career awaits you in the field of marketing.

A PRAQTICAL Look

A marketing graduate gets exposed to some opportunities within their industry sector. However, now and then one might wish to switch from one area to another. This might be easier to achieve early on in one’s career. However, changing sectors after a significant amount of experience is tough. Ground realities of each industry are very different than others. Companies seek to employ people who have proper exposure to an industry vertical over newcomers. Students should, therefore, invest time in building knowledge about the work environments in different domains. The ideal way is to have a long term plan for the construction of a career in a particular sector.

Have you wanted to build a career in the field of marketing? Do you have a dream role or a dream company? Please tell us in the comments.

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MBA jobs for female candidates in 2016

Praqtise — Mon, 19 Sep 2016 08:30:35 +0000

After completing the management degree, the big question pops up- what about the right MBA jobs for females? All you know is that you need a job. But you go through a series of doubts. You don’t know which job you want or what package. What will be a good environment for a female to work in? Is the company favourable to hiring women? Will there be any late working hours?

To encourage the presence of female workers, companies come up with various female-friendly policies such as transportation arrangements and maternity leaves. However, the fact that female workers are still a subject of discussion, itself shows that inequality persists. Why is women employment regarded as a topic, which requires special attention in the first place?

Overview of the female workforce

It is assumed that gender roles are blurring, and more women are opting to work. However, an article in Mint suggests even though we are urbanizing, the number of female workers is high only in states with better sex ratio and high female literacy. It mentions that only a quarter of the women population is employed.

Economic Times came up with the following statistics. The following table shows that even the top companies in India, have an unhealthy gender ratio.

Why do the above companies have such low number of women employees?

To be fair, most of the above companies belong to the manufacturing or heavy industrial sector. Women generally do not prefer to work in these sectors.

MBA jobs – How campus placements are different…

Recognized companies follow a hiring ratio to promote employee diversity. Women are provided with the same options as men. In MBA jobs, for example, they are provided opportunities to work in industrial areas or given the opportunity of a field sales job. During campus placement, the same offers are available to both male and female students. It is all based on your academic merit. All this is ensured so that women, who are equally talented, get the job they deserve. In case you are wondering how to start on searching for jobs after MBA we have listed a few options which would best suit a female candidate:

Explore Human Resource Management

As HR functions require soft skills, Human Resource has been a preferable choice for women for a long time. If you have a specialization in HR, go for MBA jobs in recruitment, admin, generalist, etc. The salary ranges for an MBA in HR are different for each category. Recruitment, training, evaluation etc. are tasks that corporates have to keep performing on a daily basis. Hence, there is always a demand for MBA HR professionals.

For the Marketing geeks

If you have done your MBA in marketing, you have the advantage of choosing from a variety of options ranging from sales, advertising, public relations, research, etc. If you’re into advertising, start your career from prestigious advertising companies. They have good hiring ratio. Furthermore, companies also often prefer female candidates in public relations. The MBA salary ranges for each specialization can vary. However, according to India Today, a marketing professional can earn an average pay of 6-7 lacs annually, and it can go up to 22 lacs with increasing experience.

Career in Finance

A degree in finance opens up opportunities for MBA jobs in the BFSI sector as well as corporate finance roles. These companies are among the biggest recruiters for MBA finance students. Payscale.com offers statistics which show that average salaries in finance are higher than other sectors and is therefore a very good career choice after MBA

IT professionals

IT companies like Capgemini, Google, etc., are hiring more women for the technical roles to bridge the gender gap in the organisation. Companies are enforcing laws for promoting equality. For example, Accenture has a formal community for women employees to bring about their inclusiveness in the organisation.

Jobs in Hospitality and Tourism

Hospitality already consists of up to 50% female workforce. To add grace and elegance in the hospitality industry, women employees are given priority. If you have an MBA in hospitality and tourism, then you can try for management roles in top hotels or tourist companies. For example, Marriott is working on hiring more female employees not only on middle and lower level of management but on top level management as well to improve its diversity. According to Economic Times, Marriott is currently employing 1200 women across India out of which 25% are managers.

Ever wondered why a female never delivered your pizza? Or why you didn’t have female cab drivers that drove you home?

PRAQTISE Fact File: According to a report by Times of India, women are taking jobs in which males held an upper hand. More women have started taking odd jobs like rickshaw drivers, security guards, and delivery executive.

A Praqtical Look

This is the other element we have to add. As per a TOI article, following was the share of women employees in various sectors:

Sectors	Percentage
Dairy production	93%
HR services	60%
Small scale industries	58%
Apparel, fashion, and textile	51%
Hospitality	50%
Financial services and Insurance	44%
Software Services	44%
Media and development	40%
Leather and food products	30%
Pharmaceuticals	30%
Wholesale and retail	30%
Electronic products	23%
Chemical products	23%
Automobile	20%
Manufacturing	18%
Mining	18%
Infrastructure	7%

The reason why certain sectors have high numbers of women in the workforce is the ease of maintaining work life balance. We no longer live in a time where genders follow a particular set of rules. Breaking stereotypes is what the current generation is doing. No gender is confined to just a particular place anymore. Try and pick a good career option, not just a job.

So, it seems like MBA offers a fair opportunity for female candidates. Do you agree, tell us in the comments.

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Work experience – does it help in MBA?

Praqtise — Fri, 02 Sep 2016 11:42:10 +0000

Mr. Anderson is a team leader at Matrix IT Services with a work experience of 3 years in the company. Despite rising through the ranks and building a decent work profile, Mr. Anderson is not quite satisfied. He is really keen on being a ‘Neo Analyst’, a highly coveted job category.

Pursuing an MBA degree would boost his chances but he is unsure if the gamble is worth it. He decides to consult his friend, Mr. Smith, who happens to be a career counsellor.

‘What do you think Smith? Should I go back to education? Would that be wise?’ enquired Mr. Anderson

‘Well, you do want to be Neo…and an MBA degree can definitely be helpful in that.’, replied Mr. Smith

‘Can you tell me what are the risks and rewards? Will I have an edge in MBA entrance exams? Will the MBA jobs be able to fulfil my expectations of becoming a Neo analyst?’ asked Mr. Anderson. This led to a lengthy discussion regarding the pros and cons of having work experience while pursuing MBA.

Let’s analyse if work experience does really lend an advantage in the pursuit of MBA.

First things first- why MBA?

Although the question might seem redundant, it is essential to understand the perspective of those already having jobs. Quitting a job and pursuing MBA would have the following cost implications:

The existing flow of income would stop. Most flagship MBA courses in India are 2 years long. This would mean a gap of 2 years between the last and next pay cheques.
A significant investment in course fees and living expenses. Many MBA students apply for educational loans, thereby creating financial obligations for the future.

Work experience summary of IIM Bangalore PGP 2016-2018 class

Looking at these two cost implications, what are the triggers that lead a person to opt for an MBA?

1) Vertical growth in the same company/industry- An MBA degree can expedite your growth in a corporate setup.

PRAQTISE Factfile- MBAs from reputed institutes are generally get into above entry level roles. If not, they are promoted to such roles in a span of 2-3 years. A non-MBA newcomer to the company might have to work for 5-6 (or more) years to achieve this.

2) Switching sectors/industries- The first job is a choice made out of necessity for many. However, getting into an industry does define your place in the broader economy, irrespective of whether you truly wanted to build a career in that sector/domain. Through the MBA course, one gets access to a wide number of employment opportunities across industry verticals and business domains.

PRAQTISE Factfile- IT behemoths such as Infosys, TCS, CTS recruit engineering graduates en masse every year. After working for 2-3 years, many of these employees decide to pursue MBA. Their main aim is landing jobs in consultancy firms, FMCG, BFSI and other domains.

Sector wise split up of final placements in MDI Gurgaon in 2016

As we all know, almost 50% of students of institutes like MDI Gurgaon come from the IT sector. However, the final placement statistics above show that only 9% of the given batch got into the IT domain.

3) The almighty glass door- Despite performing exceptionally, one might not achieve vertical growth if he/she is not an MBA. In such cases, MBA is again more of a necessity than a choice.

What is the significance of the work experience in the MBA process?

MBA entrance exams: It is tougher to prepare for MBA entrance exams in parallel with your job . Work means a break from academics coupled with a restricted amount of time for preparations. Consequently, those having jobs have to exhibit greater tenacity and focus to gear themselves for entrance tests.
Selection into top colleges: This is one aspect where having work experience generally favours the applicant. IIM Bangalore, for example, has a 5 % weightage for experience. Therefore, a person with experience can get through with a score lower than a fresher’s.
The actual MBA coursework and campus life: Work experience obviously endows one with specialized domain knowledge. This practical perspective is useful in both theory-based coursework as well as projects based on market scenarios. Further, campus life provides a tremendous opportunity for personal growth. Those who have gone through the churn of corporate life appreciate this aspect better.
The MBA jobs: Companies treat 0-18 months of work experience as a single category. Companies offer similar job profiles to these students. It is relevant to discuss the concept of ‘lateral placements’ here.

PRAQTISE Factfile- Students with more than 18 months of work experience qualify for lateral placements. In some colleges the required duration is 22 months. Here, recruiters generally hire students for mid level roles. For instance, a bank might hire freshers as team leaders but offer project manager roles to laterals. Many of the top b-schools define laterals as a separate job category.

A PRAQTICAL Look: Simplicity in the placement process decreases with the increase in the extent of job experience. . Companies cannot simply ignore a previous experience in excess of 20 months. They are particularly sceptical about such a student’s capability to unlearn and relearn. From the student’s perspective, there would be justifiable expectations in terms of work profile, designation and salary. A much smaller number of companies would be able to fulfil student expectations across all criteria.

Conclusion

So, is it advantageous to have work experience prior to commencing on the MBA journey? The question is straightforward but the answer is not. Duration, job role, industry/sector of work all contribute to the experience becoming an asset or a liability.

How would you want to start your MBA journey- as a fresher or with some work experience? Which would be better in your opinion?

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Image Sources:

http://www.iimb.ernet.in/pgp-batch-profile
http://www.mdi.ac.in/Final%20Placement%20Report%20Batch%20of%202014%20-%2016.pdf
Featured image: http://empoweringfutures.org/2016/06/15/5-benefits-getting-work-experience/

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Career Options after MBA Finance

admin — Sat, 20 Aug 2016 22:31:21 +0000

Figure 1: Glasbergen cartoon on money

“Once upon a time in MBA Finance”

Three finance professionals, Mr. QuickMath, Mr. Stats and Mr. Banks came happened to be travelling together and got into a discussion about their jobs and education.

“I am a trader at HugeMoney, and I’m an expert at currencies! I started my journey with an MBA Finance degree from WOW College”, said Mr. QuickMath

“It started with an MBA Finance degree for me as well!” exclaimed Mr. Stats, who was a risk analyst at GiganticFin Inc.

“I knew I wanted a high profile bank job, and therefore I worked hard to get into Fantastic Finance Institute for an MBA, and I landed a wealth management job at BankoftheWorld. This is not surprising, a number of my friends such as Mr. Policies, Mr. Projects and Mr. CorpFin all started out with a management degree in Finance”, concluded Mr. Banks.

The moral of the story is that an MBA in Finance is a great start, but not everything you ever need.

The meaning of “MBA Finance”

There are a number of certifications/degrees out there for one aspiring to be a finance professional. Why should you choose to be an MBA Finance? Why not a CA, CFA, FRM, etc.?

The best way to resolve this quandary is to use the allegory of a lake. There are lakes that are very wide, but not too deep, and there are lakes that are not so wide but very deep. Choosing to be an MBA Finance is choosing to be a wide lake with limited depth.

Is that a bad thing? Absolutely not! The right way to look at it is this, while a CA might have tremendous knowledge of accounts, taxation and auditing domains, an MBA has a limited but diverse exposure to these as well as numerous other domains such as financial operations, mergers & acquisitions, capital markets, international finance, wealth management, trading, financial operations, policy making and regulatory compliance to name a few.

A discussion with an MBA is more likely to have a management perspective, with a focus on how things are organized and executed in practice, rather than just the technical aspects of the various branches.

Further, getting the degree is just the beginning of the journey. It opens a number of gateways for you to explore and you can choose a domain of your choice and pursue further education, specialized and relevant to that domain.

PRAQTISE Fact File: More than 50% of finance students in top b-schools prepare for certifications such as CFA, FRM, CMA in parallel to their regular curriculum. This is essential for landing a job as per one’s preference.

The recruiter’s perspective – a hard reality

A PRAQTICAL Look- Reality Check 1: A number of premier global organizations, across investment banks and accounting/audit firms offer better jobs (in terms of both profile and pay) to IITians and engineering grads from similar revered institutes than they do to MBA Finance grads.

Yes, something that they should have told you before you registered for an entrance exam for MBA. One can verify this easily by talking to students on the verge of graduating from IITs. The companies even pamper them with the option of sponsoring their higher studies. The simple reason is that they value numerical ability over all else. In an IITian, or a similarly qualified engineering graduate, they get a person with supreme quantitative aptitude.

A PRAQTICAL Look – Reality Check 2: Many reputed companies arrive at the campus with decent offers, but they are not really finance jobs, not the ones you thought you would get while you were studying your course.

True, as far as the recruiter is concerned, the pool of applicants comprises of people who have been introduced to the broad contours of the financial world, with a coursework having management at its core and not specific technical expertise. Therefore, the jobs are more likely to be in financial operations, sales, information management for market information providers such as Bloomberg, etc. The syllabus studied by a finance student is not always essential or relevant to these jobs.

PRAQTISE Fact File: Most of the iconic organizations like JP Morgan, Deutsche Bank, Barclays, etc. visit campuses with jobs for MBA that invite applications from all streams (MBA in IT, operations, etc.) and not just finance.

A PRAQTICAL Look – Reality Check 3: Those recruiters who do offer core finance jobs at b-schools usually pick candidates who have/are working towards certifications such as CFA, FRM, etc.

Indeed, when a recruiter is genuinely looking to hire for roles such as equity research, corporate finance or M&A advisory, they seek out candidates with subject matter expertise. Students having the above mentioned certifications, or even those who are working towards them (those who have cleared the initial levels) definitely have an edge over those who relied on the college finance syllabus to get through. The screening tests are sophisticated enough to require in-depth knowledge, one that is difficult to achieve by simply sticking to the average MBA syllabus.

The takeaway is that one should remember that while having the degree does open up many doors, these MBA jobs might not necessarily be the opportunities you aspired for. One has to arm himself/herself with the desired skills and qualifications (quantitative aptitude & certifications) if one is serious about getting into the right profile. The intense competition for such profiles means that there is not running away from this.

The finance world- what are the entry points

To identify where prospective job openings might lie, it is better to have an overview of the financial marketplace.

Figure 2: Financial system and market participants

The following table can now serve as a useful guide to the job opportunities one can expect after an MBA in Finance:

Type of Organization	Category	Domain of work	Job Roles
Manufacturing, Pharma, FMCG etc	Non BFSI	Corporate Finance	Capital Budgeting, Working Capital Management, Liquidity, Treasury
Banks, Financial Institues – Core jobs	BFSI	Commercial Banking, Investment Banking	Portfolio Management, Asset-Liability Management, Treasury, Mergers & Acquisitions Advisory, Cash management, Front Office
Banks, Financial Institues – non-core jobs	BFSI	Financial Operations, Financial Services	Fund Accounting, Custody, Back Office, Sales of basic products (loan offers, credit cards etc.), CRM
Financial Information Providers(ex. Bloomberg, Reuters)	News & Media Companies	Data Analysis, Reporting, Account Management	News, Market Updates, Reporting, Presentation, Account Management
RBI, SEBI	Government Entities & Regulatory Bodies	Defined roles which are also open to general public	Offer the same roles for which general selection procedure is also in place (ex. Grade B officer for RBI)

To conclude, finance careers are highly rewarding but also highly demanding. An MBA in Finance is a great start, but that is how it should be viewed. An aspiring finance professional would be better placed if he/she does the necessary background research in terms of the desired domain and how have people achieved it in the past.

What do you think about the scope of MBA Finance? Let us know your views in the comments section.

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MBA Jobs: Start-up v/s MNC

Praqtise — Fri, 19 Aug 2016 15:07:18 +0000

“The usual and the exciting MBA jobs”

“Hi! My name is Mr. Usual. I’m a market research associate at MNC Corp. I have a desk, wear a business suit, groom myself and do a number of things in accordance with company policy. My vacations are well planned and I follow a schedule. This would make my life seem ordinary, but that would be stereotyping.

Do I wish to work in a new venture? Only if it is more rewarding than my current role, as I’m quite HAPPY with what I do.“

“Hola! I’m Mr. Exciting! I’m the market intelligence guru at Start-up Inc. A bean bag is my desk; I wear flip-flops and even track pants to work sometimes. I speak through my hair and my beard and I can be seen doing fun things, like a trek or an off-road trip, almost every weekend.

Would I switch over to a large company even if it meant giving up some of these liberties? If it allows me to do what I love in a better way, then YES!”

Mr. Usual and Mr. Exciting both agree that work is not about getting to grow your hair, but doing your bit in making the world a better place.

Each generation has its obsessions. The generation of people born in the 1980s always pointed out the fervent admiration that those from previous generations seemed to have for Government jobs. Yes, Government jobs are still coveted, but the phrase ‘MBA jobs’ was more likely to throw up images of people working at an MNC for the 80s crowd. This too has changed, and for the past 5-7 years start-ups seem to be the centerpiece of economic activity and thus start-up jobs have been getting truckloads of attention. People have started to chart out their MBA careers in a unique way.

Figure 1: Start-up employee vs MNC employee

Start-up & MNC- The same business entity in different stages of metamorphosis

To kick-off the discussion in neutral territory, let’s start by speaking out some obvious things:

Every MNC was once a start-up
Every start-up is trying to be an MNC

Statement no.2 might be quite controversial; some start-ups seem to thrive on not having a ‘corporate’ culture. However, everyone wants to grow and be at the top, and even though a start-up might not want to be an ‘MNC’ culturally, it will end up being one if it reaches the desired scale and scope of business activity.

Unless of course, you are a firm believer in a more socialist form of society and would seek a job at some corporations that have those principles at their core. There are a few organizations who work this way, but it is far from being the most prominent species of vocation available for a job seeker.

PRAQTISE Fact File: According to industry experts, startups face an attrition rate of 30% among mid-level employees and 40-50% among junior level employees for after MBA jobs.

How do I choose between a start-up and an MNC?

When we ponder the question ‘Which would be a better place to work?’, we are actually asking which of these would be more rewarding for us professionally. Let’s fall back on some words of wisdom by renowned bestselling author Malcolm Gladwell. This is what he said in his book ‘Outliers-The Story of Success’:

“Those three things – autonomy, complexity, and a connection between effort and reward – are, most people will agree, the three qualities that work has to have if it is to be satisfying.”

Autonomy- Will you have the power to make your own decisions?

Complexity- Will the nature of work be intellectually stimulating?

A connection between effort and reward- Will an increase in input have a corresponding effect on output?

Those three are very solid criteria to evaluate one’s job. One might come across generalizations, stating that a start-up would score better on all three parameters. It is not so simple. A number of start-ups depend on crawling the web and cold calling for generating leads, would a person performing these mundane activities necessarily feel empowered?

The idea is to evaluate the job and not the place of work to come up with a preference and this can be adopted as a first step for assessing prospective jobs after MBA. This is a completely different competitive reality than the one faced during the MBA entrance exams or even MBA exams.

Figure 2: Pros and cons of a start-up job

MBA Jobs: A Marriage of Convenience

The factors mentioned above are among the more luxurious criteria while seeking employment. Financial obligations and/or lack of opportunity are generally more dominant determinants of where you end up working.

Ask the average MBA graduate heading in to placement season, he/she is more concerned about the upcoming EMIs than uniting his/her vocation and avocation. What about someone who wants to pursue aerospace engineering, a field where opportunities are unevenly distributed on the scale of nations and not just regions? In each of these cases, the candidate would go for the best possible solution to his needs, irrespective of whether it is a start-up or an MNC.

A PRAQTICAL Look: A dynamic and changing work environment might seem to be an exciting factor while choosing a company; it might not always work out in the employees favour. A number of Indian startups (Housing.com, TinyOwl to name a few) have let employees go because of business restructuring decisions. The impact is equivalent to an established large corporation shutting down on of its operating units.

Where do we go now?

We can create an approach for choosing the right organization. Let’s take it step by step:

Trace the career path of 10 individuals who you aspire to be like professionally. You might be surprised at how they went about reaching the sweet spot.
Narrow down the values that matter most to you. Do you prioritise work above all else or are you an ardent believer in work-life balance? How important is integrity? What are the lines you would not cross when working for a company?
Don’t just plan for the job you want, but the also the job you need to go through to get to the job you want. Your next job, despite being far from ideal can still be the one leads to your dream job. This piece of wisdom has an unlikely source, the movie ‘Transformers: Dark of the Moon’.
Be prepared for a leap of faith. You might need to do something revolutionary to get where you want to be. Try and join a rival firm or take a break for getting a prized educational qualification.

Where would you rather work – Google or Zomato? JP Morgan or Paytm? Which company would teach you more? Which has better prospects of growth? What are you looking for in your next job role? The latter are better questions to find an answer to rather than worrying about what label applies to the organization being considered.

Image sources: [1] [2]

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