Nowadays, in the "boom period India", the concept of education being sacrosanct and thus averse to profiteering seems to have gone down the drain. This is particularly being brought out through B-Schools today, or is it?
Over the last five or six years, Indian B-Schools have concentrated on expansion - building new campuses in different cities. Every B-School from IMT Ghaziabad to IMI Delhi to XIM Bhubaneshwar has followed this trend. Even the IIMs have been unable to resist creating another 4 IIMs (and some more to follow).
Another trend has been to increase the batch size time and again. One explanation for this is the administration wants to bring in more money to fund its expansion plans.
The third trend is increasing fees. The peculiar thing is that while the market leaders - the IIMs - had low fees, so did the other colleges. When the IIMs increased their fees, so did the others! The fees for a two year PGDM/PGPM degree today, in many of the top 20 B-Schools, range from 9 L to 12 L for the course.
Let me link all this together. What is the motive behind increasing fees time and again? B-Schools do not need to invest in technology and hospital beds like medical colleges do. They do not need any infrastructure of a very specialized nature that would be costly to purchase. Why do these B-Schools create new campuses? Leave aside the IIMs - they believe that more IIMs in small towns will help students get access to high quality education and get the IIM brand. The IIMs have resources, negotiating power and facilities like no other B-School in India. And yet, IIM-A said recently that with a batch of 400 students now, they would need a rolling placement process. What is the need of a 400 strong batch?
IMT Ghaziabad raises its fees every other year and its batch size with the same frequency. The former has crossed 11 L now for the regular PGDM and the batch size is 420 + 120 students of a Dual Campus Programme. They started off IMT Nagpur in 2004, IMT Dubai in 2006 and now IMT Hyderabad will start operations in 2011. Needless to say the younger cousins of IMT Ghaziabad haven't developed good brands yet and have huge batch sizes and high fees.
MDI had excellent placements till they raised their batch size to 330. Since 2009 they haven't been very open about their placements. The fees are close to Rs 11 L as well.
IMI Delhi fees are 11 L and they don't have great brand visibility yet. IMI Bhubaneshwar is starting in 2011.
XIM Bhubaneshwar was on the rise as a brand but has now decided to open two new campuses soon.
SIBM Pune has fees of 10 L + and the placement details are said to lack transparency. They started SIBM Bangalore a few years ago. SIBM-B hasn't yet been able to establish itself well.
NMIMS Mumbai has started NMIMS Bangalore, which by many accounts is not a great college at all.
There are more examples, but these are enough. What is the purpose of this uninhibited expansionism?
Is education a way to earn quick and humongous profits?
Is education a business where expanding and diversifying are the buzzwords?
Does India have 6745361 good faculty who can do justice to MBA education?
Is there really a demand for so many MBAs? Add IIMs (some 2000 + seats), XLRI (240 seats), FMS (60), MDI (330), IIFT (120), SP Jain (180*), JBIMS (180), and you cross 3000. These are just the cream colleges. Add on an average another 300 seats in 10 more colleges below, and you get a total of over 6000 seats. And mind you we are talking of the top 20 colleges in India and about just one campus of all of them except the IIMs.
India has about 2000 B-Schools with say about 120 seats in each one on average. So it means that each year India produces at least 240000 MBAs! Where do all of them go?
Nowhere. There are about 40 good Business Schools in India producing about 10000 MBAs a year in total. All of them do not get good placements.
Nor do all of these 40 good B-Schools have great faculty. Many of the 40 have expansion plans (or have already expanded). Very few of the sister campuses are doing well. In fact, none comes to mind!
Is the demand for MBAs in India in excess of the supply? No, the case seems to be quite the opposite. The aftershocks of the 2008-9 recession are still being felt. A lot of MBA colleges are yet to recover from the shock in terms of placements. Is the MBA bubble about to burst? Looking at the speed of the expansionism policy of B-schools, the answer is a resounding yes. There are many articles on the internet regarding this too. Take a search and have a look.
In this scenario money making seems the only reason for such wanton expansion, especially in the case of private B-Schools. There is no other explicable reason, given that faculty crunches and infrastructural problems have already begun to set in at some B-Schools.
Loan repayment has become a major factor for a student. Increases in batch size, simultaneously with increases in fees has already begun to hit placements at leading B-Schools. The ones who remain at the fag end of the placement season suffer. They get pathetic profiles (or no placement at all), low salaries and what follows is obviously a long struggle to repay the loan and live a decent life.
This scenario also encourages the "monetary ROI" mentality I wrote about in my previous post, since an MBA is not much good if you can't live decently for ten years after.
The bubble is surely growing larger and will burst in a few years. The combination of increasing cost of education, lower quality faculty and infrastructure, reducing batch quality and the excess of supply over demand - leading to lowering market price for an MBA graduate - will ultimately lead to the demise of the MBA phenomenon. One can only hope that the demise leads on to another demise - that of the "good money, good house, good wife, good life phenomenon" so prevalent in Indian middle class society.
Monday, November 08, 2010
Friday, November 05, 2010
Measuring the Worth Of An Indian MBA?
I have been active on MBA forums for two and a half years, and now I am also in a B-School - IMT Ghaziabad.
Well, one thing that is repeatedly mentioned on B-school forums is the term ROI - Return On Investment. Mr. X usually intends to mean monetary ROI - the college fees compared to the average package. If the fees are lower than the average compensation, the ROI is "good". If they are higher, it's "bad". If they are extremely low, the ROI is "fantastic". FMS Delhi, NITIE Mumbai, LBSIM Delhi, and the MMS courses of Mumbai B-schools like JBIMS, are the ones that charge very low fees - ranging from Rs. 40 K to Rs. 2.5 L for the entire course. The placement figures of these B-schools are also very good, with average salaries ranging from Rs. 6-7 LPA to Rs. 14 LPA as of 2010. So you actually manage to pay off your entire loan (if you have taken one) in the very first year of your job. That is, undoubtedly, great.
Then you have the IIMs - the best B-Schools in the country - at least 6 of them are - with high fees ranging from Rs 10 L Rs to 13.5 L (IIM-A) for their course duration. The average compensation ranges from about Rs 11 L (IIM-I) to Rs 15.32 L (IIM-C) as of 2010. These schools then, by the definition of Mr. X, give lower "ROI" than the ones I mentioned before them. For the purpose of earning quick, these are less effective than the former ones.
But IIMs do give considerable concessions to low income students, so for these people, the ROI is good.
The third category of schools are the private B-schools which fall in the top 15 or 20 of most rankings, and are considered worth applying to by good performers. MDI Gurgaon, IMT Ghaziabad and SIBM Pune are the most prominent ones in this category. As far as my knowledge goes, these B-schools do not provide fee concessions to low income students. SIBM-P provides concessions to "lower castes".
For the general category in these B-schools, the fees are in the range of Rs 10-11 L for the course. The average (claimed) compensation that these B-schools offer ranges from Rs. 8.8 LPA (IMT-G) to around 11 LPA (MDI) as of 2010. Certainly, with no fee concessions and average packages lower than those of the IIMs, the monetary ROI these schools offer is lower than either of the first two categories. The fees exclude the expenses for a foreign exchange programme - a few lac rupees.
And here's the interesting part - once upon a time the IIM fees were lower than Rs. 2 L for the course. And at that time, most other good B-schools too had almost as low fees as the IIMs. The IIMs increased their fees and the other schools followed them!!
So is monetary ROI the ONLY thing that differentiates B-schools? Obviously not. The infrastructure, faculty quality, placement profiles, alumni network, international linkages...that the IIMs offer (at least IIM A, B, C offer) are way superior to just about all other B-schools in India. The resources that the IIMs have at their disposal, being non-private colleges, and the strength of the IIM brand, have no parallel.
For these reasons, IIMs are the coveted places. Given a choice between IIM-C and FMS, or even IIM-K and FMS, many students choose the former over the latter, despite the huge difference in the ratio between salaries and fees in the two colleges.
So, when it comes to the IIMs, "ROI" usually takes a backseat.
Okay. Now the ROI question does not arise even when comparing a non-IIM, top-10 or 12 college with a Rank 11 to 20 college. Because some of the top non-IIMs have great monetary ROI, and all have better brands that the Rank 11-20 colleges.
The question really arises when one has to choose between colleges ranked below 10/12, but not below 20-25.
As reference for viewers unacquainted with the MBA field, here is a ranking of colleges (by Pagalguy for 2010 - considered quite credible in general):
http://www.pagalguy.com/rankings/2010/national.php#overall
Now coming to the crux.
The ROI problem is not entirely dismissible. By that I mean that holier-than-thou statements like, "the value an MBA from a good B-School adds to you and your future is much higher than the monetary compensations."
Such statements are not invalid, but they ignore a basic truth - one needs to live decently in the years following an MBA. One cannot spend most of her income on paying off loans, work hard at office and then live in a shanty.
So for that reason alone, monetary ROI matters big time. I shall write about the tendency of B-schools to raise fees and the number of seats, and open multiple campuses, in the next post.
However, there are things beyond monetary ROI, ones that really MAKE a B-School. Student activities form an important part of this. The number and quality of opportunities the students get to express and hone their academic and non-academic skills, is an important variable.
Another important variable is the presence and quality of international linkages - exchange programmes, tours, faculty visits.
A third important variable is the quality of full time faculty. Learning through faculty interaction plays a major role and the role of the faculty, as a guide and facilitator is invaluable. The skills that a good faculty must possess are not just good teaching skills, but holistic knowledge of the subject, good communication skills, decent leadership skills (for example the ability to hold a class's attention) and a degree of maturity in interacting with the class.
A fourth variable is infrastructure - not just limited to a WiFi connectivity on campus. Library resources, e-learning resources, Audio Visual resources, academic block quality, all are parts of infrastructure. So are the quality of hostels and the quality of food!
Alumni networks matter because alumni help the college get good placements. Alumni also often contribute to the direct brand image of a college, and may take guest lectures also.
Then comes batch size. A higher batch size implies more fight for placements and in some cases, for infrastructure usage. This I shall write about in the next post.
These are the most important non-income variables. These differ reasonably among B-Schools, and considerable weight should ideally be attached to considering these variables. The problem lies in three things - one, the bandwagon of B-School placement figures and the halo created by them, two, in the lack of proper, credible and transparent tools or methods to assess the above mentioned non-income variables, and three, in the Indian social system (Yes!).
I shall talk about the first two here and leave the third for an exclusive post.
The first one is almost self explanatory - given the considerable advertising done by B-schools in this regard - and the release of a formal yearly Placement Report mentioning the average compensation - which all contributes to the "money is everything" concept.
The second one - lack of accurate tools - means that aspirants have no foolproof way of judging the true worth of a B-school, given the emphasis on placement reports and the halo created, and that aspirants are never taught to look at factors beyond placements. B-schools not only just put out placement reports, they often misquote the figures - inflating them. Also, very importantly, never does a B-school publish detailed data about the quality of its infrastructure, or any material that would help judge the quality of its faculty (A PhD does not imply one can teach well) . If an aspirant is asked the intricacies that make a B-school infrastructure or faculty good, she would have no answers.
The lack of stringently monitored regulations means that private B-schools have ample scope to lie and paint rosy pictures. Combined with the aspirant's focus on placement figures, the end effect is devastating to the noble and desirable motive of good learning, and of creating great managers and human beings. This is very sad.
The next post will be about a relatively recent phenomenon - continuous increases in B-school fees, batch sizes and opening of multiple campus, and how this impacts quality.
Well, one thing that is repeatedly mentioned on B-school forums is the term ROI - Return On Investment. Mr. X usually intends to mean monetary ROI - the college fees compared to the average package. If the fees are lower than the average compensation, the ROI is "good". If they are higher, it's "bad". If they are extremely low, the ROI is "fantastic". FMS Delhi, NITIE Mumbai, LBSIM Delhi, and the MMS courses of Mumbai B-schools like JBIMS, are the ones that charge very low fees - ranging from Rs. 40 K to Rs. 2.5 L for the entire course. The placement figures of these B-schools are also very good, with average salaries ranging from Rs. 6-7 LPA to Rs. 14 LPA as of 2010. So you actually manage to pay off your entire loan (if you have taken one) in the very first year of your job. That is, undoubtedly, great.
Then you have the IIMs - the best B-Schools in the country - at least 6 of them are - with high fees ranging from Rs 10 L Rs to 13.5 L (IIM-A) for their course duration. The average compensation ranges from about Rs 11 L (IIM-I) to Rs 15.32 L (IIM-C) as of 2010. These schools then, by the definition of Mr. X, give lower "ROI" than the ones I mentioned before them. For the purpose of earning quick, these are less effective than the former ones.
But IIMs do give considerable concessions to low income students, so for these people, the ROI is good.
The third category of schools are the private B-schools which fall in the top 15 or 20 of most rankings, and are considered worth applying to by good performers. MDI Gurgaon, IMT Ghaziabad and SIBM Pune are the most prominent ones in this category. As far as my knowledge goes, these B-schools do not provide fee concessions to low income students. SIBM-P provides concessions to "lower castes".
For the general category in these B-schools, the fees are in the range of Rs 10-11 L for the course. The average (claimed) compensation that these B-schools offer ranges from Rs. 8.8 LPA (IMT-G) to around 11 LPA (MDI) as of 2010. Certainly, with no fee concessions and average packages lower than those of the IIMs, the monetary ROI these schools offer is lower than either of the first two categories. The fees exclude the expenses for a foreign exchange programme - a few lac rupees.
And here's the interesting part - once upon a time the IIM fees were lower than Rs. 2 L for the course. And at that time, most other good B-schools too had almost as low fees as the IIMs. The IIMs increased their fees and the other schools followed them!!
So is monetary ROI the ONLY thing that differentiates B-schools? Obviously not. The infrastructure, faculty quality, placement profiles, alumni network, international linkages...that the IIMs offer (at least IIM A, B, C offer) are way superior to just about all other B-schools in India. The resources that the IIMs have at their disposal, being non-private colleges, and the strength of the IIM brand, have no parallel.
For these reasons, IIMs are the coveted places. Given a choice between IIM-C and FMS, or even IIM-K and FMS, many students choose the former over the latter, despite the huge difference in the ratio between salaries and fees in the two colleges.
So, when it comes to the IIMs, "ROI" usually takes a backseat.
Okay. Now the ROI question does not arise even when comparing a non-IIM, top-10 or 12 college with a Rank 11 to 20 college. Because some of the top non-IIMs have great monetary ROI, and all have better brands that the Rank 11-20 colleges.
The question really arises when one has to choose between colleges ranked below 10/12, but not below 20-25.
As reference for viewers unacquainted with the MBA field, here is a ranking of colleges (by Pagalguy for 2010 - considered quite credible in general):
http://www.pagalguy.com/rankings/2010/national.php#overall
Now coming to the crux.
The ROI problem is not entirely dismissible. By that I mean that holier-than-thou statements like, "the value an MBA from a good B-School adds to you and your future is much higher than the monetary compensations."
Such statements are not invalid, but they ignore a basic truth - one needs to live decently in the years following an MBA. One cannot spend most of her income on paying off loans, work hard at office and then live in a shanty.
So for that reason alone, monetary ROI matters big time. I shall write about the tendency of B-schools to raise fees and the number of seats, and open multiple campuses, in the next post.
However, there are things beyond monetary ROI, ones that really MAKE a B-School. Student activities form an important part of this. The number and quality of opportunities the students get to express and hone their academic and non-academic skills, is an important variable.
Another important variable is the presence and quality of international linkages - exchange programmes, tours, faculty visits.
A third important variable is the quality of full time faculty. Learning through faculty interaction plays a major role and the role of the faculty, as a guide and facilitator is invaluable. The skills that a good faculty must possess are not just good teaching skills, but holistic knowledge of the subject, good communication skills, decent leadership skills (for example the ability to hold a class's attention) and a degree of maturity in interacting with the class.
A fourth variable is infrastructure - not just limited to a WiFi connectivity on campus. Library resources, e-learning resources, Audio Visual resources, academic block quality, all are parts of infrastructure. So are the quality of hostels and the quality of food!
Alumni networks matter because alumni help the college get good placements. Alumni also often contribute to the direct brand image of a college, and may take guest lectures also.
Then comes batch size. A higher batch size implies more fight for placements and in some cases, for infrastructure usage. This I shall write about in the next post.
These are the most important non-income variables. These differ reasonably among B-Schools, and considerable weight should ideally be attached to considering these variables. The problem lies in three things - one, the bandwagon of B-School placement figures and the halo created by them, two, in the lack of proper, credible and transparent tools or methods to assess the above mentioned non-income variables, and three, in the Indian social system (Yes!).
I shall talk about the first two here and leave the third for an exclusive post.
The first one is almost self explanatory - given the considerable advertising done by B-schools in this regard - and the release of a formal yearly Placement Report mentioning the average compensation - which all contributes to the "money is everything" concept.
The second one - lack of accurate tools - means that aspirants have no foolproof way of judging the true worth of a B-school, given the emphasis on placement reports and the halo created, and that aspirants are never taught to look at factors beyond placements. B-schools not only just put out placement reports, they often misquote the figures - inflating them. Also, very importantly, never does a B-school publish detailed data about the quality of its infrastructure, or any material that would help judge the quality of its faculty (A PhD does not imply one can teach well) . If an aspirant is asked the intricacies that make a B-school infrastructure or faculty good, she would have no answers.
The lack of stringently monitored regulations means that private B-schools have ample scope to lie and paint rosy pictures. Combined with the aspirant's focus on placement figures, the end effect is devastating to the noble and desirable motive of good learning, and of creating great managers and human beings. This is very sad.
The next post will be about a relatively recent phenomenon - continuous increases in B-school fees, batch sizes and opening of multiple campus, and how this impacts quality.
It's Time........
I have just learned discipline the hard way.
I had it coming for years.
I knew my luck would run out at some point.
It has run out now.
It's time to work hard.
It's time to earn the glory.
It's time to stop relying on intelligence, on natural ability, and on empathy.
It's time to stop believing in the magnanimity of the world.
It's time to live up
to the potential that is in me.
It's time to think really hard.
It's time to show the unbelievers
how good I really can be.
It's time to show the believers
that they believed right.
But above all it's time
to prove my mettle
to myself.
Why do I always wait till the water is up to my neck?
Why do I always make horrible starts?
Why am I always slack first and toil later?
Why do I have to learn my lesson always?
Why do I end up making a decent goal look like a hugely tough one?
No idea.
It's the dark side of me.
It's time to bring out the good side.
It's very high time to be damn good.
There is no way out.
For years I have rode my luck.
And used the natural gifts I have been bestowed with.
But it's all or nothing now.
There will be no more chances ever again.
I'm on my last chance ever.
On my last chance........EVER.
I had it coming for years.
I knew my luck would run out at some point.
It has run out now.
It's time to work hard.
It's time to earn the glory.
It's time to stop relying on intelligence, on natural ability, and on empathy.
It's time to stop believing in the magnanimity of the world.
It's time to live up
to the potential that is in me.
It's time to think really hard.
It's time to show the unbelievers
how good I really can be.
It's time to show the believers
that they believed right.
But above all it's time
to prove my mettle
to myself.
Why do I always wait till the water is up to my neck?
Why do I always make horrible starts?
Why am I always slack first and toil later?
Why do I have to learn my lesson always?
Why do I end up making a decent goal look like a hugely tough one?
No idea.
It's the dark side of me.
It's time to bring out the good side.
It's very high time to be damn good.
There is no way out.
For years I have rode my luck.
And used the natural gifts I have been bestowed with.
But it's all or nothing now.
There will be no more chances ever again.
I'm on my last chance ever.
On my last chance........EVER.
Sunday, October 17, 2010
The Nostalgia I Feel....
Sometimes, many times, I feel very nostalgic about the times that have passed. For example, I was just wondering an hour ago as to how my life has changed so much over the past 15 months.
So I am just going to write some random dates here - they appear random - but they represent the days I remember, the ones which are memorable. They start from 1993, before which I was too young to remember anything of consequence.
October 1993....7/1/1994......Oct 1994....Nov 1994.....31/12/1994.....19/4/1995.....February 1996....March 1996.....9/6/1996.....16/2/1997.....July 1997.....December 1997......22/4/1998......24/4/1998......11/5/1998......28/9/1998......December 1998......January 1999.....11/4/1999.....17/4/1999.....2/6/1999.....August end, 1999.....14/9/1999.....31/12/1999.....21/1/2000..... 21/2/2000.....May 2000.....11/7/2000......27/9/2000.....31/12/2000.....March 2001.....April 2001.....11/9/2001.....12/9/2001.....April 1st week, 2002.....28/4/2002.....6/6/2002.....19/12/2002.....23/12/2002.....13/1/2003.....1/2/2003.....3/3/2003.....23/3/2003......25/3/2003.....21/4/2003.....6/6/2003.....10/8/2003.....5/11/2003.....11/12/2003.....1/1/2004.....23/1/2004.....24/1/2004.....28/1/2004.....14/2/2004.....7/4/2004.....25/4/2004.....19/5/2004.....22/5/2004.....30/5/2004.....6/6/2004.....2/7/2004.....19/7/2004.....1/8/2004.....2/8/2004.....4/8/2004.....7/12/2004.....25/12/2004.....26/12/2004.....7/1/2005.....14/3/2005.....22/4/2005.....26/4/2005.....6/6/2005.....17/7/2005.....26/7/2005.....27/7/2005.....30/7/2005.....19/8/2005.....12/9/2005.....30/9/2005.....1/10/2005.....5/12/2005.....10/12/2005.....2/1/2006.....February end 2006.....27/4/2006.....3/5/2006.....2/6/2006.....14/6/2006.....13/11/2006.....December end, 2006.....7/1/2007.....23/3/2007.....30/3/2007.....12/4/2007.....May 2007.....6/6/2007.....10/8/2007.....12/8/2007.....27/8/2007.....24/9/2007.....October 2007.....January 2008.....February 2008.....12/4/2008.....16/7/2008.....8/8/2008.....22/11/2008.....23/11/2008.....1/12/2008.....2/12/2008.....3/12/2008.....15/12/2008.....28/12/2008.....4/1/2009.....24/1/2009.....9/2/2009.....8/3/2009.....15/3/2009.....29/3/2009.....11/5/2009.....6/6/2009.....8/6/2009.....July 2009.....September end, 2009.....10/10/2009.....11/10/2009.....18/10/2009.....19/10/2009.....23/10/2009.....7/11/2009.....9/11/2009.....10/11/2009.....13/11/2009.....18/11/2009.....6/12/2009.....8/12/2009.....18/12/2009.....21/12/2009.....31/12/2009......16/1/2010.....17/1/2010.....24/2/2010.....1/3/2010.....29/3/2010.....3/4/2010.....24/4/2010.....1/5/2010.....8/5/2010.....9/5/2010.....16/5/2010.....19/5/2010.....24/5/2010.....6/6/2010.....10/6/2010.....17/6/2010.....18/6/2010.....6/8/2010.....7/10/2010....18/10/2010.....26/10/2010.....4/11/2010.
Over this period I have changed from an intelligent 6 year old to an MBA student. This encompasses most of the life that I can remember. These days are the days that I remember the best over the last 17 years of my life. They are the memories that will never perish . Each of these times/days/dates changed some part of my life, permanently. They may have been happy or sad moments, but they define my life.
And some more now...
25/11/2010.....30/12/2010.....9/1/2011.....29/1/2011.....8/2/2011.....14/2/2011.....28/2/2011.....16/4/2011.....27/5/2011.....5/6/2011.....12/7/2011.....26/7/2011.....
So I am just going to write some random dates here - they appear random - but they represent the days I remember, the ones which are memorable. They start from 1993, before which I was too young to remember anything of consequence.
October 1993....7/1/1994......Oct 1994....Nov 1994.....31/12/1994.....19/4/1995.....February 1996....March 1996.....9/6/1996.....16/2/1997.....July 1997.....December 1997......22/4/1998......24/4/1998......11/5/1998......28/9/1998......December 1998......January 1999.....11/4/1999.....17/4/1999.....2/6/1999.....August end, 1999.....14/9/1999.....31/12/1999.....21/1/2000..... 21/2/2000.....May 2000.....11/7/2000......27/9/2000.....31/12/2000.....March 2001.....April 2001.....11/9/2001.....12/9/2001.....April 1st week, 2002.....28/4/2002.....6/6/2002.....19/12/2002.....23/12/2002.....13/1/2003.....1/2/2003.....3/3/2003.....23/3/2003......25/3/2003.....21/4/2003.....6/6/2003.....10/8/2003.....5/11/2003.....11/12/2003.....1/1/2004.....23/1/2004.....24/1/2004.....28/1/2004.....14/2/2004.....7/4/2004.....25/4/2004.....19/5/2004.....22/5/2004.....30/5/2004.....6/6/2004.....2/7/2004.....19/7/2004.....1/8/2004.....2/8/2004.....4/8/2004.....7/12/2004.....25/12/2004.....26/12/2004.....7/1/2005.....14/3/2005.....22/4/2005.....26/4/2005.....6/6/2005.....17/7/2005.....26/7/2005.....27/7/2005.....30/7/2005.....19/8/2005.....12/9/2005.....30/9/2005.....1/10/2005.....5/12/2005.....10/12/2005.....2/1/2006.....February end 2006.....27/4/2006.....3/5/2006.....2/6/2006.....14/6/2006.....13/11/2006.....December end, 2006.....7/1/2007.....23/3/2007.....30/3/2007.....12/4/2007.....May 2007.....6/6/2007.....10/8/2007.....12/8/2007.....27/8/2007.....24/9/2007.....October 2007.....January 2008.....February 2008.....12/4/2008.....16/7/2008.....8/8/2008.....22/11/2008.....23/11/2008.....1/12/2008.....2/12/2008.....3/12/2008.....15/12/2008.....28/12/2008.....4/1/2009.....24/1/2009.....9/2/2009.....8/3/2009.....15/3/2009.....29/3/2009.....11/5/2009.....6/6/2009.....8/6/2009.....July 2009.....September end, 2009.....10/10/2009.....11/10/2009.....18/10/2009.....19/10/2009.....23/10/2009.....7/11/2009.....9/11/2009.....10/11/2009.....13/11/2009.....18/11/2009.....6/12/2009.....8/12/2009.....18/12/2009.....21/12/2009.....31/12/2009......16/1/2010.....17/1/2010.....24/2/2010.....1/3/2010.....29/3/2010.....3/4/2010.....24/4/2010.....1/5/2010.....8/5/2010.....9/5/2010.....16/5/2010.....19/5/2010.....24/5/2010.....6/6/2010.....10/6/2010.....17/6/2010.....18/6/2010.....6/8/2010.....7/10/2010....18/10/2010.....26/10/2010.....4/11/2010.
Over this period I have changed from an intelligent 6 year old to an MBA student. This encompasses most of the life that I can remember. These days are the days that I remember the best over the last 17 years of my life. They are the memories that will never perish . Each of these times/days/dates changed some part of my life, permanently. They may have been happy or sad moments, but they define my life.
And some more now...
25/11/2010.....30/12/2010.....9/1/2011.....29/1/2011.....8/2/2011.....14/2/2011.....28/2/2011.....16/4/2011.....27/5/2011.....5/6/2011.....12/7/2011.....26/7/2011.....
Friday, October 15, 2010
The Post That Won Me A Job!
Hi.
Back after a LONG time. Dunno why I was away for so long.
Anyway, today I will copy paste a post - my own post - on the IMS student forum - over 21 months ago - which got me a job at IMS! My Product Head told me one fine day that that was virtually my CV and convinced him that I was the right man for the job of content developer at IMS!
This post is and will always remain very special for me - because it secured me my first ever employment....
Hi Guys and Gals...
This is Pranav from IMS. Some of you had requested tips on Verbal Ability (VA).
So here goes....
Firstly, everyone should understand that VA is a section which is more intuition and estimation based. You might be really good in VA and still not be sure of all your answers all the time.
Now getting into the topics in VA:
1)Parajumbles: This is a very logic-based topic. There are 3 things to be considered here.
a) You must read all the sentences carefully in the given order first. This is very essential.
b) Once you understand what the para is all about, try to form links between 2 or more statements.
c) Usually the statements starting with "hence" or "so" or "but" etc. are never first. Usually the correct order starts with a sentence that introduces the topic, the middle statements explain it, or give stats or contradictions or proofs. The last statement concludes the topic or gives the author's opinion.
2)F-I-J: This is a definition based topic. Read up the definitions for Fact, Inference and Judgement. Facts are verifiable either in the present or in the future. Facts either have given figures or incidences which are perfectly verifiable.
Inference is a conclusion drawn on the basis of given information. It can be the result of a pure guess or a logical thought process.
Judgement is an opinion about people, places, things, ideas, etc. It is often biased and may differ with every person. It usually provides a conclusion about the person's view about the issue.
3)RC: CAT RCs are not content based, they are logic and analysis based. You must read the RC thoroughly and look for implied (and not direct) meanings. It is necessary to read ALL of the RC, because the most minor parts can be the most important.
You must get an idea of the mood, the content, the style of the RC as well as the opinion of the author. (ie. Neutral, Biased, etc.). The style may be descriptive, narrative, analytical etc. The mood can be positive, sarcastic, cynical, mocking, hopeful, indifferent etc. All this is very important to get a good idea of the questions.
Above all one must be able to gauge the central theme of the RC. If it takes two readings to do so, it's fine. Moreover it is wise to divide your time 70-30 between the passage and the questions. For questions your analysis while reading the RC must help. There are no direct answers.
4)Vocab: Needs good word power. The IMS word list is good, but not exhaustive. A good reading habit is essential. Read Nautical Miles. Also read the editorials of newspapers such as the Hindu.
5)Sentence Correction: This also needs grammatical knowledge. Doing the initial chapters in the BRM's really helps. You could buy some easier stuff like Arun Sharma or Trishna to get a feel of sentence construction. Technical explanation will go beyond the scope of this email.
6)Summary Questions: While writing a summary, all the important points in the main passage must be highlighted, but the verbosity should be excluded. Underline the important points in the main passage when you read it and while choosing the option, see that all these points fit into the summary. The summary should give equal weightage to all points and not overstress or under stress any point.Summary should ideally be 1/3rd the passage length, but this is the norm, there can be exceptions.
7)Arguments: Sometimes a question is given as: Which of the following if true could weaken/strengthen the above argument?
In such a question, the weakening statement always contains information that runs directly contradictory to the given argument or exposes a fundamental flaw in it.
The strengthening statement is the one that provides more teeth to the given argument, vindicates it and almost renders it non-refutable. Unrelated or unverifiable or biased claims or counterclaims can neither weaken nor strengthen an argument.
These are the basic things need to be understood to score good marks in VA. However practice is very important. 1 RC per day will help. In fact try solving some VA/RC questions every day, with or without time limit depending on whether you have problems with speed or not. Generally an RC must take about 10-12 min including questions. You could start by solving without a time limit, then keeping a time limit and slowly reducing it.
Hope this helps. Best of Luck. If you have any more problems you are free to communicate them.
Regards,
Pranav Joshi
Academic Specialist
IMS Learning Resources Pvt. Ltd.
Back after a LONG time. Dunno why I was away for so long.
Anyway, today I will copy paste a post - my own post - on the IMS student forum - over 21 months ago - which got me a job at IMS! My Product Head told me one fine day that that was virtually my CV and convinced him that I was the right man for the job of content developer at IMS!
This post is and will always remain very special for me - because it secured me my first ever employment....
Hi Guys and Gals...
This is Pranav from IMS. Some of you had requested tips on Verbal Ability (VA).
So here goes....
Firstly, everyone should understand that VA is a section which is more intuition and estimation based. You might be really good in VA and still not be sure of all your answers all the time.
Now getting into the topics in VA:
1)Parajumbles: This is a very logic-based topic. There are 3 things to be considered here.
a) You must read all the sentences carefully in the given order first. This is very essential.
b) Once you understand what the para is all about, try to form links between 2 or more statements.
c) Usually the statements starting with "hence" or "so" or "but" etc. are never first. Usually the correct order starts with a sentence that introduces the topic, the middle statements explain it, or give stats or contradictions or proofs. The last statement concludes the topic or gives the author's opinion.
2)F-I-J: This is a definition based topic. Read up the definitions for Fact, Inference and Judgement. Facts are verifiable either in the present or in the future. Facts either have given figures or incidences which are perfectly verifiable.
Inference is a conclusion drawn on the basis of given information. It can be the result of a pure guess or a logical thought process.
Judgement is an opinion about people, places, things, ideas, etc. It is often biased and may differ with every person. It usually provides a conclusion about the person's view about the issue.
3)RC: CAT RCs are not content based, they are logic and analysis based. You must read the RC thoroughly and look for implied (and not direct) meanings. It is necessary to read ALL of the RC, because the most minor parts can be the most important.
You must get an idea of the mood, the content, the style of the RC as well as the opinion of the author. (ie. Neutral, Biased, etc.). The style may be descriptive, narrative, analytical etc. The mood can be positive, sarcastic, cynical, mocking, hopeful, indifferent etc. All this is very important to get a good idea of the questions.
Above all one must be able to gauge the central theme of the RC. If it takes two readings to do so, it's fine. Moreover it is wise to divide your time 70-30 between the passage and the questions. For questions your analysis while reading the RC must help. There are no direct answers.
4)Vocab: Needs good word power. The IMS word list is good, but not exhaustive. A good reading habit is essential. Read Nautical Miles. Also read the editorials of newspapers such as the Hindu.
5)Sentence Correction: This also needs grammatical knowledge. Doing the initial chapters in the BRM's really helps. You could buy some easier stuff like Arun Sharma or Trishna to get a feel of sentence construction. Technical explanation will go beyond the scope of this email.
6)Summary Questions: While writing a summary, all the important points in the main passage must be highlighted, but the verbosity should be excluded. Underline the important points in the main passage when you read it and while choosing the option, see that all these points fit into the summary. The summary should give equal weightage to all points and not overstress or under stress any point.Summary should ideally be 1/3rd the passage length, but this is the norm, there can be exceptions.
7)Arguments: Sometimes a question is given as: Which of the following if true could weaken/strengthen the above argument?
In such a question, the weakening statement always contains information that runs directly contradictory to the given argument or exposes a fundamental flaw in it.
The strengthening statement is the one that provides more teeth to the given argument, vindicates it and almost renders it non-refutable. Unrelated or unverifiable or biased claims or counterclaims can neither weaken nor strengthen an argument.
These are the basic things need to be understood to score good marks in VA. However practice is very important. 1 RC per day will help. In fact try solving some VA/RC questions every day, with or without time limit depending on whether you have problems with speed or not. Generally an RC must take about 10-12 min including questions. You could start by solving without a time limit, then keeping a time limit and slowly reducing it.
Hope this helps. Best of Luck. If you have any more problems you are free to communicate them.
Regards,
Pranav Joshi
Academic Specialist
IMS Learning Resources Pvt. Ltd.
This thing above will always remain my most cherished piece of writing. Presently I also need a strong dose of motivation and reading this might help me realize that I have potential.
I am back and will be posting more consistently on various topics from now on.
Good night for now.
Monday, March 08, 2010
"Family Legacy" and Women - Part II
Agreed that having some sort of a family system is good. The first part of my friend's premise is not flawed; the second is. Patriarchal family systems should NOT be acceptable in modern society. For too long they have sustained themselves through unified public (read male) opinion. Society till recently was much simpler and it was easy to define social roles. Of course this disregards the fact that women's opinions were rarely, if ever, taken into account. The society has survived. Religion has triumphed based on the subjugation of one gender to another. It is my firm belief that people who set social mores used their superior intelligence to make facts suitable to themselves, put logic into an opinion, and declared this the will of God. Women were never taken into account - indeed- this is evident from the fact that hardly ever are women priests. They are not allowed into places of worship as priests. Sometimes they are not allowed in at all, because they might "defile" the place. It should be amply clear what regard most traditions hold for women. People have been conned for centuries and continue to be conned.
So what's the relation between this and family name? Following the patriarchal line is the classic proof that women have no identity. Their names change when they marry. Sometimes their husbands change their first names too. Never heard of the other way round. Consider this - in Indian society, it is obligatory for the female to stay in her in-laws house, but a shame for the man to do similarly.
The changing name is a strong symbol of lack of identity. It needs to be corrected - even at the cost of causing the so-called initial confusion in recognizing a person. Here's a suggestion - the child should take either the father's or mother's surname till he/she becomes an adult, and then choose a different name altogether. This would also be a great way to throw away expectations or perceptions as well as provide motivation to excel personally.
I do not attach great importance to maintaining family "legacy" and identification with a family. People pretty much know their mothers, fathers, sisters, brothers, grandparents, aunts, uncles etc. even if they are named differently right? And there is unlikely to be any loss of affection if one is named differently.
The whole concept of familial legacy brings to the fore concepts such as "family honour" and other crap. There is no logical explanation for "family honour". How is my family to be shamed if I indulge in a criminal act? Does "upbringing" explain everything? Why do I have to decide what is right and wrong based on what my family believes? Do I have no identity? The irony of this is every member of a family adheres to the "family principles". In other words, there are some widely accepted rules, mostly imposed by social perceptions. Everyone in the family follows them, so no one really decides. And who decides social ethics? Some godmen claiming to have knowledge of or from the Divine, mostly not negotiable. Crap.
And women, as the physically weaker sex, with more emotional inclinations than men in general, are the worst sufferers. Anything a woman does is subject to the measuring stick of "family honour". This idea is extraordinarily hyped up. There is no sound logic behind this - it is cold opportunism translated into dictum over centuries. Period.
So what's the relation between this and family name? Following the patriarchal line is the classic proof that women have no identity. Their names change when they marry. Sometimes their husbands change their first names too. Never heard of the other way round. Consider this - in Indian society, it is obligatory for the female to stay in her in-laws house, but a shame for the man to do similarly.
The changing name is a strong symbol of lack of identity. It needs to be corrected - even at the cost of causing the so-called initial confusion in recognizing a person. Here's a suggestion - the child should take either the father's or mother's surname till he/she becomes an adult, and then choose a different name altogether. This would also be a great way to throw away expectations or perceptions as well as provide motivation to excel personally.
I do not attach great importance to maintaining family "legacy" and identification with a family. People pretty much know their mothers, fathers, sisters, brothers, grandparents, aunts, uncles etc. even if they are named differently right? And there is unlikely to be any loss of affection if one is named differently.
The whole concept of familial legacy brings to the fore concepts such as "family honour" and other crap. There is no logical explanation for "family honour". How is my family to be shamed if I indulge in a criminal act? Does "upbringing" explain everything? Why do I have to decide what is right and wrong based on what my family believes? Do I have no identity? The irony of this is every member of a family adheres to the "family principles". In other words, there are some widely accepted rules, mostly imposed by social perceptions. Everyone in the family follows them, so no one really decides. And who decides social ethics? Some godmen claiming to have knowledge of or from the Divine, mostly not negotiable. Crap.
And women, as the physically weaker sex, with more emotional inclinations than men in general, are the worst sufferers. Anything a woman does is subject to the measuring stick of "family honour". This idea is extraordinarily hyped up. There is no sound logic behind this - it is cold opportunism translated into dictum over centuries. Period.
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