Showing posts with label india mba. Show all posts
Showing posts with label india mba. Show all posts

Tuesday, July 13, 2010

MBA in India Vs MBA Abroad

As far as higher education is concernced, the educational scenario has changed dramatically in India in the last decade. In the debate of an MBA in India versus abroad, as a student currently pursuing my MBA in India, I believe that an Indian MBA scores over an international MBA on several counts.
The main advantage is the cost. An MBA from any good B-school in the US or UK costs anywhere between Rs 25 to 50 lakhs, whereas Indian MBA schools charge ten per cent of the same amount. Secondly, when living abroad, you spend far more than you would in India, and as a result need to work there for at least a few years to recover the amount. This severely hampers your prospect of returning to India after the completion of the degree.
On the other hand, a student from a reputed Indian B-school always has the option to work at either place, since all premier B-schools have a significant amount of foreign placements taking place each year. Also, India is a vibrant economy today and corporates the world over value the pool of talent that exists here. In fact, people opt for positions in India to be a part of the growing economy. Lately there has been an increase in the number of NRIs coming back to India. In this thriving scenario, it makes sense to get your degree from an Indian B-school.
There has also been a steady increase in the number of tie-ups between Indian and foreign universities. Some of them include the SP Jain Institute of Management and Research with Virginia Tech, the Indian School of Business with the Wharton School-Kellogg School of Management, the Management Development Institute with Cambridge College, Great Lake & Yale, Welingkar College with Temple University, the Institute of Management and Technology with Fairleigh Dickinson University, Great Lakes and Yale University. Thus, with more and more premier international education its way to Indian shores, one can experience the benefits a international education and a lesser cost.
Also, Indian MBA courses have been expanding and growing significantly in recent years. MBA graduates from Indian B-schools have proved their mettle in the global working environment and are offered top positions in several organisations. Considering the purchasing power parity, initial expenditure (cost of the programme), initial placements, and growth in salary as inputs in decision, MNCs do not have to think twice before coming to India in search of middle and senior management talent.
In every Indian B-school, participants with two to five years of IT industry experience always fill a certain percentage of the batch. These students often have international exposure. Their multicultural experience adds value to the entire batch and programme as a whole. And to a certain extent, it compensates for the rich diverse cultural experience that is associated with a US or UK MBA. Finally, Indian B-Schools are more open to non-experienced candidates than international B-Schools, and thus prove to be advantageous to most people. Hence, keeping in mind today’s scenario, I believe that an Indian MBA is the way to go.

Monday, July 12, 2010

Next Generation GMAT Exam

The Graduate Management Admission Test (GMAT) will add an innovative new section designed to measure people’s ability to evaluate information from multiple sources.
The new integrated reasoning section, scheduled to be introduced in June 2012, will provide business schools with a window into how prospective students respond to the kinds of complex challenges they will encounter as managers in today’s information-rich business environment.

The coming enhancements to the GMAT exam stem from multiple surveys of business school faculty conducted during the past four years by the Graduate Management Admission Council (GMAC), owners of the exam. GMAC solicits input from faculty as a regular part of its commitment to continuously improving the GMAT exam.

The integrated reasoning portion of the GMAT will capitalize on innovations in technology and assessments and feature questions that further enhance the validity of the test. These questions include information from multiple sources, such as charts, graphs, and spreadsheets. Examinees will be asked to analyze information, draw conclusions and discern relationships between data points, just as they must do in business school.

“The new integrated reasoning section of the GMAT will be a microcosm of today’s b-school classroom,” said Dave Wilson, president and CEO of GMAC. “These questions will provide critical intelligence to schools about the ability of prospective students to make sound decisions by evaluating, assimilating or extrapolating data.”

The overall length of the GMAT exam (three and a half hours) will not change. The new integrated reasoning section will be 30 minutes long and replace one of two essays that are part of the GMAT’s analytical writing section. Admissions officers have stated and GMAC research has shown that performance on the essays is closely aligned, making a single essay acceptable for predicting performance.

The GMAT exam’s verbal and quantitative sections will not change. As a result, when the new section is introduced in June 2012, tests will be scored on the same 200–800 scale used today. Test takers will receive a separate score for the essay—as they do now—and another distinct score on the new integrated reasoning section.

The Graduate Management Admission Council (http://www.gmac.com) is a nonprofit education organization of leading graduate business schools worldwide dedicated to creating access to and disseminating information about graduate management education. The GMAT® exam was created in 1954 and is used by nearly 5,000 graduate management programs at approximately 1,900 business schools around the world to assess applicants.

More information about the GMAT exam is available at www.mba.com.

Saturday, July 10, 2010

Mumbai to get new MBA institutes


MUMBAI: The race to get into a management college just got easy as several new MBA institutes will be opening their doors to aspirants. Moreover, the All India Council for Technical Education (AICTE) has given a nod to five colleges in the city to offer lectures in a second shift.







Across the state, the total seats have crossed 33,000—an increase of 50% as compared to the last academic year.






With the demand for a degree in management rising, the AICTE permitted colleges to run another shift in the afternoon. "Colleges will need to recruit staff for the second shift," said DTE director S K Mahajan.






The AICTE has allowed new colleges to have batches of 120 instead of 60 studen

Sunday, July 4, 2010

Of anchor questions, leaks and Prometric’s plan for a glitch-free CAT 2010

There will be little change in the base process used behind the creation and evaluation of the Common Admissions Test (CAT) 2010 compared to CAT 2009. Prometric, the testing vendor commissioned by the Indian Institutes of Management (IIMs) for conducting the test will continue to use the “psychometric process to ensure that the CAT is valid, reliable and fair.”



Speaking to mediapersons in New Delhi last week, Prometric’s Vice President of Test Development Services Stephen Williams said that he was happy with the content creation and evaluation of CAT 2009. “It went exactly as we would have liked it to be,” he said.



Prometric India’s Managing Director Soumitra Roy was quick to clarify that Mr Williams was speaking only about the academic content and evaluation aspect of CAT 2009 (and not the hardware failures and virus attacks).



Much of what Mr Williams told journalists about the processes and standards used in creation and evaluation of the CAT question papers has been shared in the public domain before. I will summarize the highlights and some points of interest captured during the interaction.



In summary, during the test development phase, “Prometric works closely with IIM professors along with specially trained subject matter experts from other well-regarded Indian universities. Each exam question is written, edited and reviewed in an iterative process. All modifications and approvals are tracked electronically in an audit trail.”



“After the tests are administered, the raw scores are calculated on the basis of a +3 for a correct answer, a -1 for a wrong answer while un-attempted questions are ignored. After equating the scores (read below), they are linearly scaled to a 0-450 range before being presented to the candidates as test results.”



Anchor questions, Cloned questions and question leakages



“Each question paper has four ‘anchor questions’, which are used to adjust differences in difficulty between different question papers. Two of these questions would have appeared in the question paper of a previous slot, and the other two would appear in a consequent slot. All question papers are thus linked together in a sequential chain, the two anchor questions forming the links.” (Mr Williams refused to divulge whether the anchor questions were shared between question papers of consecutive slots.)



The performance of test-takers in these anchor questions is measured to establish a common metric of difficulty between two question papers and then adjust the raw scores accordingly.



So in CAT 2009, which was held over 30 slots (3 slots per day for 10 days), there would have been 60 anchor questions in total.



Mr Williams said that a few more questions similar in nature but different in form – called ‘cloned questions’ – were repeated across slots. A simplistic example is an algebraic problem in multiple versions, each version having a different set of substitution values. In reality, the differences between the versions would be a lot less apparent, said Mr Williams.



Anchor questions and cloned questions have a lot to do with the controversy over the ‘leakage’ of CAT 2009 questions on anonymous blogs, Orkut communities and coaching institute channels. For any candidate to gain an advantage in a future test slot, it is important that the leaked questions fall in the anchor or cloned categories.



Mr Williams played down the leakages. According to him, people tend to have nervous mindsets during a test and their ability to remember questions and reproduce them accurately a few hours later is overrated. “We went through the blogs and Orkut communities that were accused of sharing questions and found that very few of them had gotten it right. There was only a perception that the questions on the blogs were the same as those in the test, but they were not,” he said.



Not all candidates are exactly ‘nervous’, though. Test-preparation institutes, for example, were regularly sending ‘proxy candidates’ (teachers, content developers) to CAT 2009 slots with the intentional purpose of memorizing questions and sharing them with their students. These questions were being shared clandestinely in classrooms and secret email lists with test-takers in later slots.



Mr Williams’ defended this with the explanation that such concerted activity had not worked because “if that were to happen, then statistically we would have noticed strange patterns with the answering of cloned questions which we didn’t.”



Mathematically, the extent of the advantage gained by being privy to an anchor question is an interesting probability problem (anyone?).



CAT 2010 will be held in 32 cities and over fewer centers



The IIMs will release the CAT 2010 advertisement in the end of August, said Mr Roy. Prometric plans to use fewer testing centers this year after its disastrous tryst with India’s hardware infrastructure during CAT 2009.



“We will only choose test centers that adhere to the norms created by us for ensuring infrastructure quality,” he said.



As the testing window will also be longer (more like a month), there will clearly be more number of slots, more number of distinct question papers and therefore a larger pool of questions.

Friday, July 2, 2010

IIMA to set up additional campus in Hyderabad

The Indian Institute of Management (IIM), Ahmedabad is looking at setting up a campus at Hyderabad to offer executive education. In a press notification dated June 29, the institute spokesperson said, “At the instance of the Government of Andhra Pradesh, the Indian Institute of Management, Ahmedabad is engaged in discussions with the Government of Andhra Pradesh for setting up an IIMA campus in Hyderabad.”




The school has recommended the AP government to allocate 150 acres of land and Rs 100 crores in funds for establishing the campus. The recommended area is even larger than the IIM’s original campus at Ahmedabad, which is spread over a total of 116 acres.



“The Institute plans to begin operations by offering Executive Education Programs and subsequently it may explore the possibility of starting academic programs on the campus. The Institute would attempt to link the campus at Ahmedabad with the Hyderabad campus through use of technology, for seamless operations between the two campuses,” added the press statement.



IIMA will be the second IIM to set up an additional campus, the first being IIM Lucknow which set up a satellite campus in Noida in 2005 to offer part-time and executive programs.


The Hyderabad campus materializes as part of Andhra Pradesh’s Late Chief Minister YS Rajasekhara Reddy’s agenda to make Hyderabad an education hub. During his regime, he had aggressively wooed institutions such as IIM Bangalore, Institute of Management Technology (IMT) Ghaziabad, NMIMS Mumbai and Indian Institute of Science (IISc) Bangalore to set up campuses in the state. Of these, IMT and NMIMS had accepted the invitations and received land allocations, while IIM Bangalore had declined the offer citing faculty constraints. While IIMA had received the offer more than a year ago, the institute had held back on a commitment due to the political turmoil in Andhra after YS Rajasekhara Reddy’s death followed by the Telengana protests.

Talk with a Cat Cracker

Be sure in yourself that you want to do MBA. It is not the end of the world if you don’t want it.".


Vipul Goel, IIM Lucknow (2009), IITD (2005), discusses with a leading website about his mba preparation journey and making it to best mba college in India.



1. Tell us something about yourself.



I am a Delhi guy since the start. I have done my engineering from IIT Delhi. Worked in a MNC for two years and then went for higher studies at IIM Lucknow. At present I am working in another MNC.



2. Why did you choose IIM mba Lucknow?



The reason for choosing IIM mba Lucknow was it being one of the premiere institute for pursuing MBA in India. The broader perspective to business world and the chance to pursue studies according to your choices and interests were some of the factors which supported the fact.



3. Tell us something about the life in IIML?



IIM Lucknow is a place where you get a chance to meet people coming from all walks of life. A fresher coming out of a small college in India as well as people who ended up as as COO of some top firms (after graduation), people who have written books, people who have worked in army. Ofcourse, geographical diversity of the place can never be missed. All this can provide a different aspect to one’s outlook in the life.



Other than that almost all batchmates were super enthusiastic people who take interest and pride in their work. The quality of the teams in which I have worked throughout the period was amazing. Before MBA I was a person who wasn’t confident in interacting people with various walks of life which I felt is a hindrance in reaching the top. Presently I enjoy interacting with all which I believe. This is the biggest change in myself.



The life of MBA isn’t over without mentioning the number of clubs, committees and competitions which help one in fulfilling their interests in academic interests as well as in fine arts.



4. What made you leave your well-settled job and go for a full time MBA?



Leaving a well-settled job and high paying job is never an easy decision. One needs to be absolutely sure that they want to go for it. Difference it might make to one’s career is reaching your career advance in a Ferrari then by a Honda



5. How did you study for mba entrance exam?



I never studied for CAT. That was the only exam I appeared for. I simply kept my cool on the day and cracked the same.



6. What was your strategy for GD/PI?



For GD, I only spoke my points which I felt relevant. I always avoided entering a fish market. Idea is to make your points early to give structure to a presentation or give new direction if no new points are coming up. Please don’t try to be a leader of the group as usually most of the contemporaries are aggressive enough themselves and this strategy can backfire.



In PI, be yourself. Don’t try to fake your reasons for doing MBA or your achievements. Confidence is a must as you never know, what question can come up next. I have seen interviews going in very different direction then expected. Also, don’t indulge in asking those who had given interview first as to what their experience was or what questions were asked as it only hampers your open mindedness.



Just a fact that my IIM mba Lucknow interview has lasted less than 8 minutes, ended on a seemingly bad note as per others. I ended up among top 20 entrants there.



7. According to you, what is the right time to go for an MBA. Should economic scenarios drive an individual MBA plans?



In short term yes economic scenario can drive an individual’s MBA plans. On a longer term however, it doesn’t matter. You get to learn much more during adverse times which can guide you better when times change.



8. Any advice for future mba aspirants?



Be sure in yourself that you want to do MBA. It is not the end of the world if you don’t want it. Hundreds of career waiting which can make you earn much more if you are a top performer in them.

What IIM CAT really wants??

The IIM scaling model is as follows:


Section Scores = 0 to 150 Total Exam Score = 0 to 450



Four scaled scores are presented for each candidate: an overall scaled score and three separate scaled scores for each section. As the three sections evaluate three distinct sets of knowledge and skills, scores do not correlate across sections. A high score in one section does not guarantee a high score in another section. Percentile rankings are provided for each individual section as well as for the overall exam score.





The CAT exam was developed to accurately identify top performing candidates and that design makes use of a scaled score range of 0-450.

In order to appropriately identify the top performing candidates, the CAT exam was, by design, very difficult. As would be expected with the more difficult CAT exam, no candidate answered 100% of the items correctly and no candidate achieved the top theoretical score. The exam design accomplished the goal of identifying the top performing candidates who were, indeed, ranked at the top of the list.

If the exam were designed to be substantially easier, it would be theoretically possible for a candidate to achieve a score of 450. However, an exam constructed to be that easy would not serve the distinct purposes of the IIM.

Some essentials to do during the last 90 days to CAT

Hi

With just about 90 days left for CAT here are some things any serious cat aspirant should follow religiously.



First things first. You have less than 15 days to send your completed CAT application forms to the IIMs. So do it as soon as possible. Do not wait for the eleventh hour to send your application and pray that the courier delivers it on time. If you still have not got your application, you have about four days left to get it from one of the IIMs. So do it now!

Here are some of the things that worked for me as I prepared for CAT and things have worked for many others to whom I have had the opportunity to assist in their CAT preparation.


1. Have a clear strategy before your Mock CATs - fine tune it - and use it on November 21st.
Most wars are won not on the power of the ammunition and armor a country possesses but on the power of its think tank. The same is true when it comes to CAT. Before you take any CAT comprehensive test put down on paper the strategy that you want to adopt for that test.


Though the last few CATs did not have any section wise time limit, it would be to your advantage to set those limits yourself.
Typically, students spend about 30 minutes in the verbal section, 40 minutes in the DI section and 50 minutes in the Quant section. This split could vary from individual to individual.


Having set this limit, shave off 5 minutes from each of the sections and keep those 5 minute blocks as reserve. After the first 105 minutes of the test, take a quick call on your performance. If you realize that you have done equally well in all three sections, spend the last 15 minutes in the section that is likely to give you the maximum returns. On the contrary, if you realize that you have not done particularly well in a section, spend the last 15 minutes in this section.


This way you never run short of time for any section. Also this strategy helps you to maximize your returns within the given time frame.

Essentially, do not ever start the test without assigning time limits for the different sections of the test.

Aligarh Muslim University (AMU) MBA Entrance Exam 2010

On this page, we have tried to provide details about the Aligarh Muslim University (AMU) MBA Entrance exam 2010 that take place in India.




As far as we are concerned, the information about the Aligarh Muslim University (AMU) MBA Entrance exam 2010 provided here are authentic and correct, but we would still insist you to verify them with the concerned authorities.



Introduction:



The history of Aligarh Muslim University can be traced back to 1875 when Sir Syed Ahmed Khan established the Muhammedan Anglo Oriental College. The college became a full-fledged University in 1920 and today Aligarh Muslim University offers more than 250 courses to both Indian and Foreign Nationals. In 2010 the AMU MBA Entrance examination will be held on the mid of May, 2010.



Admission to the MBA/MBA (IB), MFC/MTA courses shall be made on the basis of Aligarh Muslim University Combined admission test (CAT), group discussion and interview. Selected candidates in the written test would be called for group discussion and interview/aptitude test.



Eligibility: For getting admitted to the Aligarh Muslim University the candidate needs to be a graduate in any discipline with at least 50% marks in aggregate.



Test Pattern: The three hour AMU MBA Entrance examination would test the General Awareness, Data interpretation and numerical ability, comprehension and verbal ability of the students.



Obtaining the Application Form of AMU MBA Entrance Exam 2010 the prescribed application form and the guide to fill up may be downloaded from the website - www.amucontrollerexams.com

Monday, June 21, 2010

MBA IN INDIA

Top MBA Institutes in India | Distance Learning MBA Schools | MBA Information Accelerated MBA | Executive MBA programs | Part time MBA | MBA in India | MBA Programs India

The Master of Business Administration (MBA) is a master's degree in business administration, which attracts people from a wide range of academic disciplines.

TOP BUSINESS (MANAGEMENT) SCHOOLS IN INDIA
Business schools are cetegorized as I TIER, II TIER and III TIER. ALL the IIM colleges and ISB comes in the I Tier category and XLRI, XIM ,SPJIMR, great lakes, FMS, IIFM comes in second and 3rd Tier categories.To know the top management colleges in india or top MAT colleges in india check Top MBA Schools

ABOUT MBA
The MBA designation originated in the United States, emerging as the country industrialized and companies sought out scientific approaches to management. The first American business school, Wharton School of the University of Pennsylvania, was established in 1881, 62 years after ESCP-EAP was established in 1819 in Paris. The Tuck School of Business, part of Dartmouth College, was the first graduate school of management in the United States. Founded in 1900, it was the first institution conferring advanced degrees (masters) in the commercial sciences, the forebearer of the modern MBA. Founded in 1898, the University of Chicago Graduate School of Business, the second oldest U.S. business school, was the first graduate school in 1940 to offer working professionals the Executive MBA (EMBA) program, a mainstay at most business schools today.

Basic types of MBA programs
Full-time MBA programs are the most common, normally lasting two years. Students enter with a reasonable amount of prior real-world work experience and take classes during weekdays like other university students.

Accelerated MBA programs are a variation of full time programs, lasting 18 months or less, involving a higher course load.

Part-time MBA programs normally hold classes on weekday evenings, after normal working hours. Part-time programs normally last three years or more. The students in these programs typically consist of working professionals, who take a light course load for a longer period of time until the graduation requirements are met.

Executive MBA (EMBA) programs developed to meet the educational needs of managers and executives, allowing students to earn an MBA or another business-related graduate degree in two years or less while working full time. Participants come from every type and size of organization – profit, nonprofit, government — representing a variety of industries. EMBA students typically have a higher level of work experience, often 10 years or more, compared to other MBA students. In response to the increasing number of EMBA programs offered, The Executive MBA Council[4] was formed in 1981 to advance executive education.

Distance learning MBA programs hold classes off-campus. These distance mba programs can be offered in a number of different formats: correspondence courses by postal mail or email, non-interactive broadcast video, pre-recorded video, live teleconference or videoconference, offline or online computer courses. Many respectable schools offer these programs; however, so do many diploma mills. Potential students should check the school's accreditation before undertaking distance learning coursework
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