Be your best at interview

Make sure you don’t sabotage your chances at the interview stage by following a few simple and well-known tips for creating a good impression which, nonetheless, many people forget. The first basic tip to remember when preparing for an interview is to scout out the location first to ensure you know how to get there. Do the journey at least once and then add on an extra 20 minutes travel time on the day to allow for any traffic jams or other unforeseen problems. Continue reading “Be your best at interview”

How to Become a Commodity Broker

Commodities Futures Broker (CFB) and Stock Brokers, both reside in the financial industry, but when you think of the quantity and possibly quality, Commodities Futures Broker are unique. CFB’s are – in a very specific niche of the futures, commodities and options world. There are close to a million stock brokers, and less than a one-hundred thousand CFB’s. Online trading, truly turned everyone into a “stock-broker”, in that, anyone can buy stock, and operate mutual funds. On the converse, when it comes to the actual trading of commodities, there is no general set rule, or a model with commodity trading. However, if you are looking to become a CFB, there are two key avenues to consider, before stepping into this arena of the financial market. Continue reading “How to Become a Commodity Broker”

Top 100 Business Schools of India – 2012 Rankings

Business Today and Nielsen has published the B-School rankings for 2012, in India. One of the interesting things this ranking has attempted to achieve the balance between “perception overlaps” among “chains of B-Schools”… (like IIMs, IMIs, IMTs, IITs, Symbiosis, ICFAI etc).. and estimate the individual B-School’s actual but relative position, somewhat unaffected by the umbrella brands. Indeed a good and novel way to rank institutes. There were two surveys, one to estimate the perceptive performances of institutes, and another to estimate the factual performances of the institutes.

The factual survey was done first, wherein we sent out a detailed questionnaire across multiple parameters to 1,832 B-schools across the country. Subsequently, after the factual data had come in from these schools, the perceptual survey was started. A separate questionnaire was administered to a group of more than 1,200 stakeholders of the B-school ecosystem, including teachers, students, young executives and HR recruiters. Their opinions are taken again on various aspects relating to the five key parameters – Learning Experience, Living Experience, Return On Investment, Future Orientation and Brand Value and finally a sum of products approach was undertaken and scoring of the institutes was achieved.

Check out the rankings below:

 

Dealing with rejection and failure

When trying to accomplish any major goal in life, rejection and obstacles are inevitable steps that every professional has to encounter not once but multiple times in life. The key is to learn from your mistakes and persist through it until you succeed. However, this is easier said than done. The critical differentiators between success and failure is the ingredient of the person, who befalls the same. It is not aptitude that creates the difference but attitude, as has been recognized in numerous highly cited research works (Shao et al. 1988, Jennifer et al. 2006; etc).

I have personally encountered numerous professionals who are actually extremely competent but find it hard to deal with failure and perceived rejection from the social and professional network due to the same.  Counseling helps in more ways than is perceived in making or breaking these otherwise highly competent people.

Success of course is the ultimate souvenir and the only testament to your efforts. However, dealing with rejection is critical to avoid burn-out and maintain self poignant efficacy and confidence to go on. Coping strategies include using emotional or instrumental support; self-distraction; denial; religion; venting; substance use; self-blame; and behavioral disengagement.

Of these, using social support (for emotional, instrumental and terminal goals), denial, venting, behavioral disengagement, and self-blame coping had negative effects on individual satisfaction and ends up in boosting sub-lingual dissonance within the mind. As more and more professionals used these coping strategies in dealing with the day’s most bothersome failure, the less satisfied they felt at the end of the day and subsequently their performance felt the effect of a dissonant mind in the long run. This creates job churn or disengagement from organizational citizenship behavior or even group affiliation.

In contrast, positive reframing (i.e. trying to see things in a more positive light, looking for something constructive feedback from first hand experiences), factual acceptance and humor coping had positive effects on satisfaction. It has been observed that professionals using these coping strategies in dealing with failures, became more satisfied and less stressed they felt at the end of the day (Stoeber et al., 2006). The finding that positive reframing of relatively bitter experiences in the professional sphere was helpful for professionals having extremely high perfectionist goals and long term self-improvement commitment is particularly important. This establishes that even people high in perfectionistic concerns will have a tendency to be dissatisfied no matter what they achieve, are able to experience high levels of satisfaction if they use positive reframing while attempting to cope when dealing with perceived failures. The same also applies for all professionals even if they are somewhat in the “cross the fence” stage where they are yet to taste success majorly.

Do let us know, if this helps you in dealing with stress from fears of failure and rejection.

 

Top Business Schools of India

The top business school rankings of India is again out. The rankings are based on the survey done buy Pagalguy, the premier platform where B-School aspirants, alumni, faculty and industry forms a part of the ranking. We agree more or less to the rankings brought out in this survey. The B-Schools have further been color coded in bands, based on our perception. The bands are made based on the perceived potential level of openings that a student coming out of these institutes may have, once he joins the industry. It has been assumed, that the opportunities within a similar band to top jobs or top career prospects, will be homogeneous for students within a band, in an abstract manner.

Those interested in what India has to offer in terms of Business Schools should not feel intimidated if they are located far from the area. It may not be as difficult as one would initially assume to plan a trip to India on the internet. There are plenty of travel services, like Expedia for example, that allow tourists (or anyone wishes to study abroad) to easily reach their destination while potentially saving them some money and time in the process. Simply looking at what is available is completely free, so don’t hesitate to look into a travel plan. It could quite literally change the course of one’s career.

1  (IIM Ahmedabad) Indian Institute of Management –  Ahmedabad  
2  (IIM Calcutta) Indian Institute of Management – Calcutta, Kolkata  
3  (IIM Bangalore) Indian Institute of Management – Bangalore  
4  (ISB Hyderabad) Indian School of Business Hyderabad  
5  (XLRI Jamshedpur) Xavier’s Labour Relations Institute Jamshedpur  
6  (IIM Lucknow) Indian Institute of Management – Lucknow  
7  (FMS – Delhi) Faculty of Management Studies – University of Delhi, New Delhi  
8  (SPJIMR, Mumbai) SP Jain Institute of Management and Research Mumbai  
9  (IIM Kozhikode) Indian Institute of Management – Kozhikode  
10  (IIM Indore) Indian Institute of Management – Indore Indore  
11  (MDI Gurgaon) Management Development Institute, Gurgaon  
12  (IIFT, Delhi & Kolkata) Indian Institute of Foreign Trade New Delhi & Kolkata  
13  (NITIE Mumbai) National Institute of Industrial Engineering Mumbai  
14  (JBIMS Mumbai) Jamnalal Bajaj Institute of Management Studies Mumbai  
15  (SIBM Pune) Symbiosis Institute of Business Management – Pune Pune  
15  (NMIMS Mumbai) Narsee Monjee Institute of Management Studies Mumbai  
17  (SJMSoM, IIT Mumbai) Shailesh J Mehta School of Management – IIT Bombay Mumbai  
18  (IMT Ghaziabad) Institute of Management Technology – Ghaziabad Ghaziabad  
19  (TISS Mumbai) Tata Institute of Social Sciences Mumbai  
20  (XIM Bhubhaneswar) Xavier’s Institute of Management Bhubhaneswar  
21  (DMS – IIT Delhi) Department of Management Studies – IIT Delhi New Delhi  
22  (MICA Ahmedabad) Mudra Institute of Communication Ahmedabad  
23  (SCMHRD Pune) Symbiosis Center for Management and Human Resources Development Pune  
24  (IIM Shillong) Indian Institute of Management – Shillong Shillong  
25  (VGSoM, IIT Kharagpur) Vinod Gupta School of Management – IIT Kharagpur Kharagpur  
25  (TAPMI Manipal) TA Pai Management Institute Manipal  
27  (MBA, IIT Kanpur) Industrial and Management Engineering – IIT Kanpur Kanpur  
28  (KJ Somaiya, Mumbai) KJ Somaiya Institute of Management Studies and Research Mumbai  
29  (SIIB Pune) Symbiosis Institute of International Business – Pune Pune  
30  (IRMA Anand) Institute of Rural Management Anand  
31  (IMI Delhi) International Management Institute New Delhi  
32  (SIBM Bangalore) Symbiosis Institute of Business Management – Bangalore Bangalore  
33  (IIM Ranchi) Indian Institute of Management – Ranchi Ranchi  
34  (Nirma, Ahmedabad) Institute of Management – Nirma University Ahmedabad  
35  (Great Lakes, Chennai) Great Lakes Institute of Management Chennai  
36  (IIM Raipur) Indian Institute of Management – Raipur  
37  (GIM, Goa) Goa Institute of Management Goa  
37  (IIM Rohtak) Indian Institute of Management – Rohtak  
39  (DMS – IIT Madras) Department of Management Studies – IIT Madras Chennai  
40  (XIME Bangalore) Xavier’s Institute of Management and Entrepreneurship Bangalore  
41  (SIMS Pune) Symbiosis Institute of Management Studies – Pune Pune  
42  (LIBA Chennai) Loyola Institute of Business Administration Chennai  
43  (FORE, Delhi) FORE School of Management New Delhi  
44  (DMS – IIT Roorkee) Department of Management Studies – IIT Roorkee Roorkee  
45  (BITS Pilani MBA) Management Group – Birla Institute of Technology and Science Pilani  
46  (MBE, Delhi University) Master of Business Economics – University of Delhi New Delhi  
46  (MIB, Delhi University) MIB – Delhi School of Economics New Delhi  
48  (We School, Mumbai) Welingkar Institute of Management Development and Research Mumbai  
49  (LBSIM Delhi) Lal Bahadur Shastri Institute of Management New Delhi  
50  (IFMR Chennai) Institute for Financial Management and Research Chennai  
51  (XISS Ranchi) Xavier’s Institute of Social Service Ranchi
51  (MHROD, Delhi University) MHROD – Delhi School of Economics New Delhi
51  (ICFAI Hyderabad) ICFAI Business School – Hyderabad Hyderabad
54  (MFC, Delhi University) Master of Finance and Control – University of Delhi New Delhi
55  (FMS – BHU, Varanasi) Faculty of Management Studies – Banaras Hindu University Varanasi
56  (BIM, Trichy) Bharathidasan Institute of Management Trichy
56  (UBS Chandigarh) University Business School Chandigarh
58  (SIMC Pune) Symbiosis Institute of Media and Communication – Pune Pune
58  (SRCC GBO, Delhi) Sri Ram College of Commerce (Global Business Operations) New Delhi
60  (IMT Nagpur) Institute of Management Technology – Nagpur Nagpur
61  (IIFM, Bhopal) Indian Institute of Forest Management Bhopal
62  (SITM Pune) Symbiosis Institute of Telecom Management – Pune Pune
63  (DMS – NIT Trichy) Department of Management Studies – NIT Trichy Trichy
64  (SIMSREE Mumbai) Sydenham Institute of Management Studies, Research and Entrepreneurship Education Mumbai
65  (SCIT Pune) Symbiosis Center for Information Technology Pune
66  (DSM – DTU, Delhi) Delhi School of Management – Delhi Technological University New Delhi
67  (BIMTECH, Noida) Birla Institute of Management Technology Noida
68  (PUMBA, Pune) Pune University MBA Pune
69  (SIOM Nashik) Symbiosis Institute of Operations Management – Nashik
70  (Christ MBA, Bangalore) Department of Management Studies – Christ College Bangalore
71  (ICFAI Mumbai) ICFAI Business School – Mumbai Mumbai
72  (VIT Vellore) Vellore Institute of Technology University Vellore
73  (NIBM Pune) National Institute of Bank Management Pune
73  (NL Dalmia, Mumbai) NL Dalmia Institute of Management Studies and Research Mumbai
75  (IMDR Pune) Institute of Management Development and Research Pune
75  (ISBM Pune) International School of Business and Media Pune
77  (ITM Navi Mumbai) Institute for Technology and Management Navi Mumbai
77  (DMS – NIT Durgapur) Department of Management Studies – NIT Durgapur Durgapur
77  (Alliance, Bangalore) Alliance Business School Bangalore
80  (IISWBM Kolkata) Indian Institute of Social Welfare and Business Management Kolkata
81  (ICFAI Gurgaon) ICFAI Business School – Gurgaon Gurgaon
82  (SDMIMD Mysore) SDM Institute for Management Development Mysore
83  (Osmania University MBA, Hyderabad) Osmania University College of Business Management Hyderabad
84  (Amity, Noida) Amity Business School Noida
85  (SPM, Gandhinagar) School of Petroleum Management Gandhinagar
86  (NSB Delhi) NIILM School of Business New Delhi
86  (SIESCOMS, Navi Mumbai) SIES College of Management Studies Navi Mumbai
88  (BIMM, Pune) Balaji Institute of Modern Management Pune
89  (IP University MBA, Delhi) University School of Management Studies – Indraprastha University New Delhi
89  (NICMAR Pune) National Institute of Construction Management and Research Pune
91  (MET Mumbai) MET Institute of Management Mumbai
91  (IMS Indore) Institute of Management Studies – Devi Ahilya Vishwavidyalala Indore
93  (IFIM Bangalore) IFIM Business School Bangalore
93  (AIM, Kolkata) Army Institute of Management Kolkata
95  (KIAMS Harihar) Kirloskar Institute of Advanced Management Studies Harihar
96  (NIASoM Pune) National Insurance Academy School of Management Pune
97  (IPE Hyderabad) Institute of Public Enterprise Hyderabad
98  (Asia-Pacific, Delhi) Asia-Pacific Institute of Management New Delhi
99  (PSG, Coimbatore) PSG Institute of Management Coimbatore
100  (SCMLD, Pune) Sadhana Center for Management and Leadership Development Pune

Top Ranked Engineering Colleges in India

The ranks of the top engineering colleges are out again. This time this is on the basis of a study conducted by Careers and published on Yahoo. While most of the rankings appear genuine, this list is very crucial for all the engineers wanna-be-s who are scouring for a college where they can kick start their professional career as an engineer.  While as always the ranks in the top are heavily dominated by government colleges and institutes like the IITs, Jadavpur University, IT-BHU, the BITs and the NITs, the top-50 listing is a roll call of excellence India’s top 50 engineering institutions in 2011.

A balanced scorecard methodology was used to cluster the top ranked institutes (colleges and universities) after checking the last five year rankings of about 241 colleges and normalizing heir ranks, by assigning differential weights to subjective and objective ranking criteria, as is the standard in such studies. Such a process has been used to develop clusters of institutions which have similar performance against those criteria.

So before jumping into where you may be targeting, while joining up for your graduate course in engineering, do check out this list. For where you pass out from not only affects how well you learn your discipline, but also the kind of career track you can expect after passing out of the hallowed portals of your Alma Mater.

Jobs and Careers in Marketing

Marketing Management is a discipline focused on the practical application of marketing techniques and the management of a firm’s marketing resources and activities for the purpose of creating a demand for the firm’s products for selling the same.

The term “marketing” as it is known now, was coined in the early 1930s by the American Marketing Association presidential address. While manufacturing was then the focus in business, a subsequent need was recognized to sell what was getting manufactured more efficiently in existing markets. While marketing management as a discipline of research and application has seen waves of changes in key strategic inclination and focus, the core has somewhat remained unchanged.

So what draws most of the marketing professionals to this discipline?

  1. First, it is theoretically very easy. The technicalities are somewhat lesser than many other super-hyped fields like Finance or Technology
  2. A lot depends on the quick thinking of the marketer. Understanding and having a good business acumen is an added bonus.
  3. The careers and jobs are promising yet offer dynamic changes to every professional, suitable to satisfy a broad variety of needs. Not everyone is cut-out for every job. Understanding job requirements as a fit with one’s personality type is a must for the sustained growth of every professional.
  4. It offers choices for career shifts industry wise and role wise, must for every professional, if one faces a mid career crisis.
  5. Last, and most excitingly, it offers a track to reach the coveted “CEO” position in the organization. Most top executives have a background in marketing, if not all.

So what roles do traditional marketing roles get you into?

Jobs in marketing can vary a lot. However, besides traditional paths in sales and marketing, there are many other roles in marketing, a list of which is prepared below:

  1. Business Development in Information Technology and Services companies (like jobs in IBM, Google, Microsoft, Adobe, Amazon)
  2. Market Research institutions ( e.g. like jobs in AC Nielson, IMRB )
  3. Consumer goods manufacturing institutions in marketing, sales, branding, strategy (higher in the organization) like jobs in Unilever, Procter & Gamble or in jobs in the FMCG sector.
  4. Consumer durables manufacturing companies in marketing, sales, branding, strategy (higher in the organization) like jobs in Sony, Apple, Toshiba
  5. Product management and even in development in research labs (like jobs in 3M)
  6. Need recognition of markets yet to be created (like jobs in MR divisions in MNCs like Tata Group, 3M)
  7. Retail chain management (both marketing, sales and supply chain functions are sometimes merged) like jobs in Wallmart, K-Mart, Reliance Fresh.
  8. Social sector and NGOs. Even social marketing is a major concern in current fast paced societies.
  9. Internet marketing service professional: You may start marketing websites as a SEO expert.
  10. Affiliate marketing professional: Create your own chain of hierarchy and get the benefits of the sales from it. E.G. Make money from tweeting and making friends join you in the same using MyLikes

I hope the choices helped you out in your search for a career in marketing. By the way, do you know about the top career choices trending globally now?  Choosing a career which won’t stagnate too soon is extremely crucial for sustainable professional growth.

http://www.business-fundas.com/2010/100-fastest-growing-careers/

How to choose a career

Everybody knows that skills are important for getting and keeping a job. Employers expect you to list relevant skills on your resume. They ask about your skills in interviews. And they expect you to develop skills on the job so that you will remain productive as new technologies and new work situations emerge.

But maybe you haven’t thought about how closely skills are related to job satisfaction. For example, let’s say you have enough communication skills to hold a certain job where these skills are used heavily, but you wouldn’t really enjoy using them. In that case, this job probably would be a bad choice for you. You need to identify a job that will use the skills that you do enjoy using.

There is an interesting tool freely available online to guide you for such a big decision making step: Its called a Job-Match Grid. This mentioned grid makes a match with the skills in you, with the drives in you, to a possible set of career choices. This ensures, even if you are good in a particular domain, but do not have a passion for the same, you don’t end up 10 years down the line as a dead bone, dried up emotionally, because although you have made a lot of progress in doing what you do well, it does not fulfill your emotional needs expected from the job.

To know more about the Job-Match Grid, check out the ebook “100 fastest growing careers” by Michael Farr, or mail me to get a complementary copy of the same.

100 Fastest Growing Careers

All of us want a great career. For someone who is about to take the big leap into the unknown, an intriguing question that torments his mind is what prospects does the future hold for him in the particular career track? What are his growth prospects and is it just a job for him or will it provide truly a career worth pursuing?

A recent research by Michael Farr has attempted to find out the top 100 fastest growing career paths. The figure below lists them out.

Maybe this should help before you think about a career choice, or decide to run the rat race. Do let me know what you feel about this.

The Future of Apple products

So whats the next level of innovation Steve Jobs is going to announce next? The I-Pad appears to be an extended and enlarged version of the I-Phone. Following this trend, we may very soon be introduced to the i-Board and then to the i-Mat from the Apple Innovation Labs.

The future Products of Apple

Time to ask Stevey, Whats next on your cards?

Time Management – Randy Pausch

Randy Pausch talks about time management, a crucial success factor. Listen to this inspiring lecture by the Carnegie Mellon professor, on how you can do so much more with your time. This is one hell of an inspirational video for early budding professionals across disciplines. Continue reading “Time Management – Randy Pausch”