Placements at IIMs_ the True Story_ IIM Placements - The True Story

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3/14/2014 Placements at IIMs: The true Story: IIM Placements - The true story

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Placements at IIMs: The true Story

T h u r s d a y , 2 5 J u l y 2 0 1 3

IIM Placements - The true story

Objective: To show the truth about placements to the current and future students,

the misinformed and everybody else by showing that the figures they see are

representation of only 10 - 20% of the batchs performance.

Issues to be addressed:1. Placement reports - tampered numbers, misleading words, publicity techniques

bloated salary figures

bloated name/number of participating companies

misleading using ambiguous statements2. IIM fooling students, pressure on students, recruiters exploiting system, DP

IIMs rationale for high fees

IIMs accountability for placements

Credit for placements

Pressure on students

3. Placement Process Details

Placement Committee

Control Team

Involvement and Supervision of faculty

Format - Laterals and Finals

Numbering of slots and days

Company Presentations - WWR, Dress Code, Fines

Desperate Participation, Company Interactions

Duration of the finals process

Recruiters practices - misleading salary figures, processes, requirement

for desperate participation

4. How to change all this?

Faculty involvement

Standardized formats

Prioritizing s tudies over placements

Guidance and Support

1. Placement Reports

What they show?

Number of days in which placement process got completed

Number of students placed

Sector wise break up, i.e. percentage of students who got offers in Finance,

Marketing etc

Number of participating firms and the number of offers they made

Average salary

International Offerings

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What they do not show?

Number of offers from each firm (Usually big names hire small numbers)

The salary spread among the students (If 2 students get a 25 Lac offer, it takes

10 student with a 13 Lac offer to achieve an average of 15 Lacs andconsidering 1/6th of the batch gets offers in the >20 Lac range, 5/6th of thebatch gets below average offers)

The places where international postings are given (If somebody is getting 16 -

18 Lacs per annum in a country where the standards of living are almost 2.5 - 3times that of India, does it not mean it is equivalent to 6 - 9 Lacs per annum in

India)The sector break up of summer internships of the same batch (If 60% did their

internships in sales and marketing, then did the same number go for sales andmarketing in the final placements or were they even given the opportunity?)

Average salaries of the students who are freshers or have different numbers of

years of work experience

During the summer internships, around 1/6th of the batch goes on a zero stipend

internship

Purpose of the placement report (includes my opinions)

A publicity mechanism to show a great picture of how the placements go so well in orderto increase the brand value of the institute which in turn will attract more students to join

IIMX who will pull more offers from companies for final placements to increase the brandvalue of the college.

What students need to understand, IIMA and IIMB also do the same with the samemotive. The number of students clearing MBA entrance exams will remain the same. Thenumber of positions in a firm can only be a certain number which are being pulled by all ofthe IIMs. (If X gets it, Y gets loses). But who loses the most? These are the students whoput in all their efforts, time and sanity in attracting companies and lose track of what isimportant - their studies.

2. IIM Fees and Placements

The following article reports the increase of fees from 5 Lacs to 14.5 Lacs from 2009 tonow.http://economictimes.indiatimes.com/news/news-by-industry/services/education/iim-fees-trebles-in-5-years/articleshow/12629380.cmsThe following explanation for the rise has been given: Infrastructure has to developedbecause the number of students have increased. Another faculty comments that it will coverthe operational expenses but not the capex.

In another article, an IIM A spokesperson said that there was no reason why studentsshould not pay higher fees, considering the 'excellent' jobs they get with Rs 25

lakh annual packages or more. Link to the article is as followshttp://news.oneindia.in/2008/04/03/iim-fee-hike-move-of-elite-by-elite-for-elite-

1207173705.html

Caution: My opinions

Do majority of the people even understand what capex and operational expenses mean inthis case (Actually, after graduating I still dont understand these clearly in this scenario).The breakup of the fees is given in the following paragraph (Anybody can verify this stuff).The explanation IIMs give for high fee is that they say students get a high package of 25Lacs per annum. They do not charge fee on how much they provide in terms of value andeducation but charge in terms of how much they can suck out of a student and his/herfamily.

How does it relate to placements?
http://news.oneindia.in/2008/04/03/iim-fee-hike-move-of-elite-by-elite-for-elite-1207173705.htmlhttp://economictimes.indiatimes.com/news/news-by-industry/services/education/iim-fees-trebles-in-5-years/articleshow/12629380.cms


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Average package shown in placement reports by older IIMs are between Rs

16 - 20 Lac per annum. Reality: An average package from one of theolder IIMs is Rs 13 - 14 Lacs per annum.(Actual breakup of the packagesare discussed in further sections below)

This puts enormous pressure on students to get a good job

The purpose of entering an IIM becomes getting a job and not getting an

education

80% of the students get a salary package much lesser than the program

fee

3 - 4 % students got a package of over Rs 25 Lacs per annum

Analysis of the situation and explanations:1. Facts

Students increased by 250 to 360 or 360 to 460.

Infrastructure needed for this is a new classroom and 100 new hostel rooms

and no labs and computers needed (as in engineering colleges)

Computer lab has 10 computers in all, 4 available for student use among 450

students

Mess fees is over and above this fees

2. Fee structureA term is 3 months

33000 per term for books and course material - Students filed an RTI

concerning how the cost ,of books was so high. The MRP of the books asfound on Flipkart.com and the cost of Harvard Cases (considering the worstcase where faculty buy individual cases and not by faculty subscription) addedup to Rs 10000 to 15000.

20000 per term- for the computer centre with 4 computers available and

internet usage

8000 - developmental fees (no idea where this goes)

Mess fees is again over and above this

Any new facilities in the hostel i.e. TV, Pool table, maintenance is funded by the

residents of the hostel over an above the fee

Alert: As discussed in one of the meeting in one of the IIMs, from next year

onwards they will not disclose the fee break up and will just list the tuition and the

accommodation fee (Mostly because of students questioning the break up andfiling RTIs, and the administration not being able to justify it)

Responsibility, Accountability and Credit for Placements

Quoting a response from the faculty of one of the older IIMs - nowhere in ourprospectus, we have mentioned that we are responsible for our students to get a

placement. It is not an obligation for us, it is just an optional service we provide

Another Fact: Students are not allowed to apply or approach companies for summerinternships and final placements on their own unless they opt out of the process. They arenot even allowed to approach companies who have participated in the placement processover the past 3 years whether or not they participate in the current year

Quoting from another mail by the placement coordinator when this year placements werenot going well that the students are bringing disrepute to the campus. All these years, whenthe placements and the market have been good the faculty and administration have just satcomfortably but just as the situation turned around, they were the first to start the blamegame (putting it on the students and the disrepute they are bringing to the institute) instead


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of helping the students in this tough situation. (This is not an opinion. Proofs available)

The credit for placements and the publicity is very welcome by the administration andfaculty. However, one should know that placement is a student body run process, aplacement team which works very hard to bring recruiters to campus. The followingsection will contain the details of the placement process.

3. Placement Process Details

Placement Committee comprising of 1st year students conduct the process. This is aprocess totally run by the students

Final process - Happens over 4-5 days in March

Laterals process: (for Experienced students) - Happens from January till the

beginning of final placements

Placement Committee

Details, Responsibilities and Powers::

10 placement representatives - 5 elected, 5 nominated by faculty

Contact companies for recruitments

Decide shortlists for interviews during summer internships and placement

processes

Review the points on the resumes of all students and have the final word on

keeping or removing a point

Responsible for the job placements of the senior batch and the summer

placements of the junior batch next year

Co-ordinating the 5 day process during the placement process and overseeing

the process entirely

The previous placement representatives have a big say in who will be the their successorsdepending on various factors (opinions included):

Candidate should not be a strong personality who might decrease the say of the

other members in the process

Selecting people (1st year students) who will provide them with special

treatments in their job placements

Regionalism: Helps gather votes during the elections; Favour returned by

benefits during the placements such as shortlists for companies where they didnot get a shortlist from, give an interview before other candidates increasingtheir chances of success (The companies only interview people till they havevacancies; spot offers are given and so vacancies start filling as soon as the

interviews start)

Analysis of the situation (my opinions)

The students selected are through an unfair, rigged and hugely despotic process.

All the above mentioned factors result in incompetent placereps who are easily

manipulated by the previous placereps.

The only reason to be a placerep is that you can influence the future process for

your own advantage. For e.g.: This year, a first year student was promoted tobecome a placerep whose brother was in the second year. The elder brother(second year) got a job with a big company due the youngers efforts inpromoting only the elder before the other candidates. Also, the younger(placerep) helped the elders friends to get jobs through various practices


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mentioned below

Some of these placement representatives talk about being ethical, about doing the rightthing and not rigging the process in anyway whatsoever. However, there have been manyinstances of unethical practices and favouritism. Instances such as

Inclusions of tampered points in the resumes; allowing some students (friends)

to keep whatever they want in the resumes irrespective of presentation ofappropriate proofs.

This practice has also encouraged people to forge proofs for approval of the

placereps. For eg: When a students gets proof of the work done duringemployment not from his/her manager but a fellow colleague at the same levelfrom a companys email id.

Asking companies to change selection processes to include more candidates

who would mostly be the friends of a placerep

Overriding the shortlist provided by a company with their own citing reasons

that the students the company wants are busy elsewhere or are not interested

Creating something called an extended shortlist which should just be a list of

more students the company wants to interview but instead, is the list whereplacereps put the names of the their friends

Sending the students in the extended shortlist for the interview of a particular

company before the student in the normal shortlist gets a shot at the interview

Selection of students for an interview without participating in a group discussion

round even when group discussions round is mandatory

Control Room (The secret backend support team)

Apart from the placement committee, there is a control team which handles the entireplacement process. Their structure is as follow:

A 9 member core team who handle

a 20 member SI team and

a 5 member Infra team.

Out of the core team, 2 members handle the IT infrastructure; 2 handle the companieswith each handling 5 placereps; 3 monitor the entire process of the SI team while the other2 handle the infra team.

Existence of the control team is a secret (known by the faculty) but this year, the studentsdiscovered its existence. We know the members of this control team and we can tell youthe members if you are interested. Please write your email id in the comments below andwe will try to give you the information to our best abilities.

Selection of the control team:

The top 9 are selected by placereps - mostly friends and students who keep a

low profile; regionalism plays a huge roleNo notices put for selection, no equal opprtunities,

The others are selected by the core 9 based on no criteria (except being a

buddy)

Alert: My opinionI dont know about the composition of this years control team but then the

awesome placements of Tamil students suggest a strong Tamil hold in the

placement control team. (I hate to profile people in this manner, but I cant helpbut observe the obvious)

Powers of the control team


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10 companies during the finals process which had a work-ex criteria for selection. Thismeans that they were companies looking for lateral candidates so why were they notbrought during the lateral process.

Numbering of slots and days

Company numbers in the final placements :

Day 0 : 17Day 1 : 30Day 2 : 17Day 3 : 14Day 4 : 11People Left in Process : 55 ( rollling starting from 9th March, Saturday )

CTC on Day 0:

Dunia Finance - 16000 AED = 11 lakh Rs. ( Factoring in the standard of living)Realization = 16 lakh Rs.Citi = 13.5 + 3 lakh Deferred Bonus

CTC on Day 1 :

Lodha Group = 19 lakh Rs.HUL = 20 lakh Rs.Cadbury = 19 lakh Rs.RPG = 12 lakhIBM = 12 lakh

CTC on Day 2 :

Axis Bank = 14. 5 lakh Rs.HT Media = 15.5 lakh Rs.Mphasis = 11 lakh Rs.

CTC on Day 3 :

FINO = 9 lakh Rs.Emami = 8 lakh Rs.Channelplay = 6 + 2 lakh variable

The indication from all this is why is there a slotting if the quality of companies andtheir pays are so varied across all days. We have a company paying 25 lakh and

one paying 13 lakh on the same day. Similarly, there are companies paying close to20 lakh on the next day when they could have been slotted near the 25 lakhcompanies. The logic here is plain and simple : The placereps have certain friendswho they want to get into the high paying companies on a particular day. For eg.consider the case of IBM. Nobody wants to go to an IBM on the end of Day 1 whenhe/she can go in an HT Media, Tata Steel or Axis Bank in better roles. However, it isseen that the person who has been conveniently getting shortlists all day longunluckily misses out in IBM. Finally, some candidates have to make the difficultchoice between trying their luck on Day 2 or sitting for IBM. This happens throughoutthe process and it is seen that the candidates with no contacts or no big peoplesitting in important positions have to make the tough decisions.

Company Presentations - WWR, Dress Code, Fines


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WWR- Wing Wise Responsibility. This is the unsaid truth of IIMC and this is how thecollege ensures that the companies remain appeased and their ego is massaged.Students coming to IIMC- Be warned ; You dont go to the campus presentations ofthe companies you like, you go to the campus presentations of those companiesyou dont even know about. There is no problem with attending other companypresentations since its important for every students placement but the problem hereis you wont be allowed to even miss a single presentation due to some priorcommitment. There are dress codes and fines are levied for not attending, late entryor for improper dress code to these presentations. The only point I want to makehere is why is such a sycophantic attitude being shown to companies ? We have

had company officials coming us to say that they used to attend such talks in shortsand tees. We are not saying that the dress code should be removed but thereshouldnt be such a strict adherence to the WWR. Its just an indication, not a rule.The attire of one placerep during the final placement made us realise why we shouldhave a proper dress code. The poor guy was wearing a grey trouser, a black suitand a blue shirt. If a placement representative can wear such a demeaning attire,then how does he expect other people to adhere to the aforementioned dress codes?

Desperate Participation, Company Interactions

The placereps send out carefully worded emails where you are asked to read about

a particular company and put in desperate participation. Students are warned that ifthey dont put in good participation, then the company wont show on campus. It hasbeen observed that if the company presentation is good and interests the students,then questions flow in from all directions. Piramal Healthcare - a Day 3 companyoffering just 8 lakh Rs. got around 11 questions and the placerep had to step in tostop the participation. All this because the 25 odd students in the room found thepresentation to be stimulating and the work to be engrossing. Why cant there bemore such presentations? Interested students asking relevant questions which wontwaste the time of the other students as well as the company. The only reason moststudents attend these presentations anyway is the pizzas and subways provided bythe companies after the interaction.

Duration of the finals process

When IIMA and other B-schools around the country started having longer durationsof their processes ( Cluster system) , there was a huge hullabaloo as to why IIMCwas not doing the same. The reason given was that the companies would give moreoffers if they were under pressure to do so. This meant that the placementcommittee ( placereps + chairperson ) had less trust on the 460 students and moretrust on their negotiation skills during those 5 days. How wrong they were and how ithas affected the placements of this batch.

A cluster system would have meant there would have been the same batch ofcompanies coming to IIMC on day 0 spread over a week. Similarly, the same casewould have been seen for day 1 and day 2. This would have meant all the studentscouldve prepared better for their dream sector and the process would have beenmore transparent since everything happened a bit slower.

Another reason for not keeping a cluster system is that students will bunk classes toprepare for their placements. Then arent the professors concerned about those

candidates eligible for laterals? Laterals happen during the same time as theproposed cluster system and we see students missing all classes because after all,the reason for coming to IIMC was the placements. In which newspaper do you seethat Prof. XYZ or Prof. ABC from IIMC won the best teacher award or he didsomething big academically.

Recruiters practices - misleading salary figures, processes, requirement

for desperate participation

Every student entering campus feels that he is going to be sought after by many companiesas soon as he passes out of this great institute. The sooner a future aspirant gets thisthought out of his mind the better. Recruiters hire students telling them false information and


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stating misleading salaries. In the Batch of 2010-2012, atleast 15% of the students didntjoin the company they got placed in through campus because of false or misleadinginformation. A case in point is Infosys - A student hired for the London posting was givenan India posting and he ended up leaving his job. Doesnt IIM Calcutta have any obligationtowards its students ? Cant it ensure that such a company which misrepresents facts isallowed to come to campus again and again ? If a so-called top B-school of the country ischeated by the companies, then what hope do the other students in lesser colleges have.

4. How to change all this?

Faculty involvement

In many classes, we have heard the faculty incessantly complain about the lack of studentsinterest in studies and always being worried about placements. I just implore them to thinkabout the situation from a students point of view- If you had a loan of 15 lakh Rs. loominglarge over your head, wont you be worried about how much you earn after passing out ?The faculty needs to play a very big part in getting IIM Calcutta out of this mess. Theyhave to take the bull by the horns and lead change. Teach well , teach contemporary thingsand keep the students interested. If you think that the students are only interested aboutplacements, then you are wrong. If the teacher teaches well, then students will concentrateon the subject too.

Prioritizing s tudies over placements

At present, every student joining IIM Calcutta is looking at the ROI from an MBA in termsof the placement he got and the money he was earning when he came to IIM Calcutta.Even when anyway passes out,the key takeaway is always the friends made, the job gotand the direction received in life. The biggest lesson is bookish knowledge is overrated. Allthis suggests one thing- Books have never been touched.

Guidance and Support

Every student coming to IIM Calcutta comes with very lofty ambitions and stars in his eyes.

As one of the premier B-schools, it should be the responsibility of the college to provide

guidance and support to those students who are not doing too well rather than justhighlighting the success of a few students. There are a few teachers who have personally

cited the lack of confidence in today's youth joining the top B-schools and its not the fault of

the students alone. If you have a burden of 15 lac hanging around your neck as your

education loan and fear of not being able to pay it off if you don't get a decent placement,

then I don't think many students can simply concentrate on their studies. Its time for the

faculty to stand up and be counted and set things straight at JOKA- The place we love but

was not the HOME it could have been.

This is a very impromptu attempt to set the record straight and we invite more suggestions

on how to make IIM Calcutta the real top B-School in our country.


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Posted by IIM's- I ndian Institute of Mismanagement at 13:31

Labels: II M, IIM Calcutta, MBA, Placements

Location: United States

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Replies

39 comments:

kunal priyadarshi 26 July 2013 01:44

The true scenario very well depicted.

[email protected]

Please reply back.want to know more and discuss.

Thanks & regards,

Kunal Priyadarshi

Aspirant

Reply

raghuupdates 26 July 2013 02:20

Wow.Mind numbing and Disheartening.

Those of you who are left.Keep Calm and all will fall into place.

If you can weather this you can ford through anything.

[email protected]

Reply

Avinash Ramachandran 26 July 2013 05:54

You realize you're guilty of the same misleading you're accusing the placement report of?

Honestly the whole section on attire and wwr is just whining, and the accusations of

sectarianism and favoritism is baseless and uncalled for.

You raise some valid points about fees and placement scenario but keep your bitterness

out of it.

Reply

Sports Maniac 26 July 2013 10:02

I am writing this as a alumni of one of the IIMs, who by the way did not get a 25 lac pay

package, and hence has no agenda of defending the process........

Though I dont deny any of the things that you have written, there are HUGE

exaggerations. One does know the fees before entering the campus and I am sure all the

students get a job that is good enough that they are able to pay off the EMIs for the

loan.

Regarding the process itself, there might be unfair practices, but your article seems to

suggest that the students are all powerful in front of the big companies that visit the

campus, which as you would realize subsequently if very very false.

If you really want to improve the process, the way to do it is through constructivedialogue rather than washing dirty linen in public. This looks more like an attempt at

venting out frustration than anything else. IF you really care, I guess you should work

with your institute, even after you pass out, to improve the system. I would love to be

proven wrong, but I guess you would not be doing the same.

The rules with regard to placements might be restrictive, but no B-school in the world

promises placements. Its only in India that such a thing exists. If you are really good

enough, you would reach where you deserve to.

May sound harsh, but stop being a cry-baby and accept that the world is not a fair

place.

Reply
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Reply

Aman Arora 26 July 2013 10:31

Sir with all due respects before commenting on this go try and complain

about things to a professor try to talk it out... You would be made fun off by

placereps in a placement crasher one was called for me too, i dint write this

but have a lot more to add and this is 100% truth.....

Sulagna Dasgupta 17 January 2014 22:09

That's not true at all. The ONLY way to get this crap placement system out of

the top IIMs IS to wash dirty linen in public. This one has at least not named

names. I would say it's even better to collect hard evidence against studentplacereps, and then start using NAMES. That's the way this crap system can

change.


There is no justification of your placements being facilitated and monitored

by your competitors. It's like P&G outsourcing it's entire sales process to HUL.

THAT's exactly how laughable this system is. Ever heard of the concept of

"conflict of interest"?


Where does the acc ounting of all these fine amounts go? Why is every penny

of this not accounted for and made public? How can a group of fellow

students slap arbitrary fine amounts on other students and not account for itpublicly? The entire student placement committee and its gaping loopholes

are an elephant in the room that we choo se to ignore.

Aman Arora 26 July 2013 10:38

Now some jacks who took advantage of the system have some shame please dont defend

the system in public....

There is a lot more truth which is missed out by my friend here, the truth about trying

to corner the person who stands against the system not only by students involved in the

system but also ones getting advantages of it....

Faculty non involvement well i dont agree to it cause then y call a f***ing placement

crasher to insult people if sm1 complains to a faculty this shows how faculty promotes

what ever goes... I dont have other proofs to support my theory but i guess itz enough

to start digging deeper...

Reply

indian 26 July 2013 13:06

sir can you please tell me average and median salary figures for this session . please mail

me at [email protected]

Reply

IIM Placement 26 July 2013 13:22

http://iimcplacement1.blogspot.in/2013/07/iim-placements-true-story.html

Reply

IIM Placement 26 July 2013 13:23

Can you mail the same to [email protected]

Reply

Ajay Zener 26 July 2013 19:25

too much frustration in this article, I would not comment anything on this..but I would

certainly say that I did not do my MBA for ROI. I did it to educate myself, and I took a

loan for it. I also did want a placement but I was more worried about the profile rather
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than the salary. I guess the problem is not the above mentioned, the problem is in

understanding why MBA? The problem is that we are looking forward to spend 15 lakhs

and get a degree that can pay us double of what we spent in the first year of job itself. I

also feel that if you are good enough, no one stops you from getting the best job in

campus. If you deserve 25 lakhs, you get it.

I as an alumnii of an IIM can vouc h that I learnt a lot from my institution as I was open to

learning...I guess it was one of the best years of my life. I was taught by some of the best

professors who were the most passionate teachers I have ever met, I did not land up

with the best offer in campus, but I still had a reasonably good job at the end of it....and

I paid off my education loan in three years...

Reply

Mehul Juneja 28 July 2013 00:12

Frustration or Resilience? Don't be judgmental Sir. With due respect, I think

more than 90% of the people from other top B-schools can identify with the

above situation and stand testimony to its truthfulness. It is indeed the true

picture behind every B-school. There are many more issues and ultimately no

one speaks because the "Image" or perception of your school is at stake,

which in turn affects your Future too. So ultimately everyone decides to live

with it.

IIM's- Indian Institute of Mismanagement 28 July 2013 00:25

Exactly our point !! The 'TOP' B-schools of our country have been taking manyyoung students for a ride and its high time these institutes take charge and

change the system. As you rightly pointed out, this situation is existing in all

the B-Schools and we should 'STOP LIVING WITH IT'.

Utsav Gambhir 18 January 2014 12:26

Utsav Gambhir 18 January 2014 12:29

Appreciate Ajay's comments...even I could sense some frustration in the write

up...You can always find such people in every batch...

PS: I'm not an IIM grad but surely from one of the top tier B-Schools.

ankit bansal 26 July 2013 23:52

[email protected]

please reply back; want to know more and discuss about some issues related to secret.

Reply

Mohammed Ali Kizer 27 July 2013 01:58

Indeed. Too much of frustration in this post. There are people who didn't have any c lout

in the placecom, any committe and neither the pets of professors landed up in great

profiles. And recruiters are not fool enough to recruit a person just because he/she is

in placecom. Any recruit should deliver value to firm he/she is hired for.

True. There are some malpractices happening in some places which should be weeded

out.

- Mohammed Ali Kizer

Reply


No. It is not "SOME malpractices" which need to be weeded out. It's the

student involvement in placement process which needs to be weeded out. All
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top b-school around the world have placement cells staffed by salaried

institute staff. Not students. Your competitor CANNOT come in between you

and your recruiter. It's a basic conflict of interest situation. Try outsourcing

your company's (whatever it is) main function (sales/marketing/service) to its

competitor - may be then you'll realize what I'm talking about.

jinna manshu 27 July 2013 06:57

Dude i want to discuss with you ...

majorly i want to know which companies come from laterals and which companies come

for finals .....

and do people having 13 months 14 months experience have any chance in getting an

offer in laterals ??

my email id : [email protected]

Reply

Gopi 27 July 2013 08:05

Superb Blog, reality has to been known to everyone and people like you are much

needed. Keep it coming!

Reply

Angel Jyaswal 28 July 2013 09:27

Hey I want to know the members of control team.

Thanks.

Mail it to [email protected]

Reply

Dreams262626 28 July 2013 12:17

Hey I want to know the members of control team.

Thanks.

Mail it to [email protected]

Reply

Bhavin Darji 3 August 2013 03:46

Grt post.. But ppl shld not consider fees as an investment.. Its an expenditure.. Learn

wat u get frm course n implement.. Thats it.. Dnt run for salary.. Go for gud profile..

Thank you.

Reply

sanjit 6 October 2013 20:48

Hi, would like to speak to you on this, pls get in touch with me on [email protected]

Reply

Jokar Calcutta 22 December 2013 01:11

Dear Sir, please share more details with me: [email protected]

Reply

Laim Tset 14 January 2014 10:32

The points raised in the system are true to many extent, depending the perception of

the people on life.

To the people who is criticizing the blog, did you complain the same when some media

reports came with exaggerate news on IIMs. When they exists, this article should also

exist.

Reply
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Vidisha 15 January 2014 06:58

salude bro.....truth in whatever you wrote...line by line,word by word.As past IIM

alumni,I identify with all these not for any specific school but the same problems heard

all over from all IIM friends of mine.And,no matter what anyone says,I admit I did M BA for

more money and I wanted good job to pay off my loan.Try living with just

"Knowledge","Experience" ...with a huge loan hanging on top of your head.

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akshya 16 January 2014 08:07

very true picturisation of the whole scenario, its probably prevalent in all the top B-

Schools with me testimony to atlst 2 of them .... very sad state of affairs.... thts y

despite so eliminative selection process and no dearth of talent, Indian B Schools fail to

compete globally....

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srinivaas 17 January 2014 01:31

Very true! well written! a must read for any MBA aspirant

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sasidharan 17 January 2014 20:01

Okay.. I have a few queries regarding this.. Please do mail me [email protected]

Reply


Bro at least share your email id so that we can get in touc h. I cannot thank you enough

for showing the courage to finally get the truth out in the open. It's a great first step.

You HAVE TO write more and more about this.

-Sulagna

(PGP IIMA 2011)

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Sidhartha Roy 17 January 2014 22:48

hello sulagna, share ur info to me at this id : [email protected].

I am currently in the first year. :-)

Sidhartha Roy 17 January 2014 22:46

pls share more information to the below mail :

[email protected]

Reply

Jignesh Rathod 19 January 2014 13:37

Lets talk about solutions.....

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Andy Krishnamachari 21 January 2014 10:48

This discussion seems pointless when the whole world out there is full of instances like

you have mentioned. Getting an edge over others by "any possible means applied" is the

unsaid corporate philosophy (what makes you think its all candyland in there???). Like it

or not you've just finished the preamble page of How This World Works (remember, life is

a journey). You can't beat a system which has formed during the course of 3.5 Billion

Years of evolution in mere 2 years. Adapt or be extinct........... humans are inherently

greedy and opportunistic, which optimists sum up as enterprising ( "entrepreneurial" ).

All is not lost my friend, to begin with, reach the top of the food chain (easier when you
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are from an IIM) by any means necessary, introspect, if you still are left with the same

soul, and the conviction remaining, start the change from top down. How else would you

justify your "Tag" of IIM and this wishful post of your s. I am alarmed to see that the elites

of academics (students of IIMs) don't think of a bigger picture. Further, not many even

after working for many years pursue their ideas and avoid the risk, which has left us in a

perpetual state of "developing and emerging". You are expected to compete against the

world (not at all an ethical and friendly territory), don't lose the race amongst your own

. hope i have not ruffled peoples nerves, if so, be it for good.

Reply

a sr 13 February 2014 03:30

Hello Sir, I got an IIM C call and have my interview next month. I am a fresher (3-4 months

of work exp.). Please send me a mail about what kind of jobs I might get after passing out

of IIM C. [email protected]

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Raghav Srinivasan 18 February 2014 08:56

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