Are you ready To Face MBA Challenges?
I finished my studies and I have a good academic back ground. I did not find my college days to be difficult. I showed interest on business while studying and I was successful in earning. I could see my grades coming down after I started earning. However, I made sure that I always got a high score despite few lower grade performances. I got my dream job in my campus interview. I even got my call letter. All of you will get campus interview like this and get placed in your dream company. Is life over after that placement? Here comes the portion of life which is very critical on which I want to shed some light.
Life After Placement:
I got my call letter and I was posted in Trivandrum for my first level training. I had spend 2 months there and it was the first time I have been staying out of home. I had lots of facilities in my place of stay so I did not find anything difficult. I successfully completed my training there and I was posted in Delhi. Basically I am from Chennai and I like to live here. With great hesitation, I went to Delhi to kick start my work career. The conditions were horrible for me. I was not able to adjust to the life style of Delhi people. I was shifted to Noida in a week’s time. Again, I have to search for a new accommodation and travel to the new place and office.
I had to stay in that place for 3 months and I should tell that this period of time is the best and worst period of life. Worst thing is that I have been left all alone with no place to stay one full night with my entire luggage and without any food for 2 days. The best things are the lessons that I have learnt out of these incidents. I prepared myself to face the worst and by God’s grace I got accustomed to all these.
Next came my transfer to Gurgoan for my projects. Again came the problem of shifting my accommodation with the entire luggage. Imagine how tough it will be. The ultimate point is that I do not know Hindi. Just imagine how horrible it would be. At last, with great difficulty, I got my transfer to Chennai. I am happy now working for the multibillion dollar company. This is how the corporate life will be for a fresher. You need to get adjusted to the situations swiftly to make your career smooth.
MBA Finance IN US
GMAT
Graduate Management Admissions Test or GMAT related Discussion where you can discuss issues and share your experiences and help everyone with your knowledge.
International Enrollments Jump at Cornell JohnsonThe Cornell Daily Sun is reporting a return to pre-recession enrollment levels by international students at the Johnson Graduate School of Management. Non-U.S. MBA enrollment jumped from 22% in 2010-11 to 34% this year. The data point is good news for Cornell, which like other top business schools, watched with concern as international enrollment at U.S. business schools dropped to 24.8% in 2009-10, a 26.5% drop from 2007-9, according to the Association to Advance Collegiate Schools of Business.
What is Cornell Johnson doing right? Director of the International Students and Scholars Office Brendan O’Brien tells the Daily Sun its partlyJohnson’s increased financial aid for international students (though only aid to American students is need-blind). Christine Sneva, Johnson’s director of admissions and financial aid, notes that Johnson also offers a loan program that needs no co-signer and can potentially cover Johnson’s full tuition ($53,796).
There’s also Johnson’s career service programs, which are “the same for every student, regardless of citizenship,” Sneva emphasizes—but include, for international students, access to a lawyer to help them with visa and immigration issues. What about Johnson’s alumni network? Sneva deftly navigates the question of how Cornell’s relatively modest alumni pool can benefit international MBAs. “It is a huge advantage to be a part of such a vast and inclusive community that is responsive,” she tells the Daily Sun. “It doesn’t matter how big the alumni network is at a school if no one is willing to return your call.”
But Johnson’s aggressive international student recruiting may well be the key ingredient in its success recruiting of international students: Johnson recruits in roughly 100 cities worldwide.
Source: “International Enrollment Surges at Cornell Business School,” Cornell Daily Sun, by Sarah Meyers, Feburary 16, 2012.
Wharton health care Business conference
“Pearl asked MBAs to take a step back and imagine they were ’students from Mars.’ ‘The fragmented system of care is no better than [the] 19th century cotton industry … We are going to have to change all that if we want to move America’s health care into the 21st century….American health care has to change and will change. The cost of health care is simply not affordable … It grows twice as much as GDP. It is 18 percent of GDP this year and will be 36 percent by 2013….This is a $20 to $30 trillion problem. You’re the last great hope for America’s healthcare system. We may not get another chance in the history of this country.’”
—Robert Pearl, executive director/CEO, The Permanente Medical Group, to participants in the 18th annual Wharton Health Care Business Conference.
“You look across the horizon, and there is the dragon that’s going to eat the federal budget.”
—James Greenwood, former Pennsylvania senator and president/CEO of Biotechnology Industry Organization, at the 18th annual Wharton Health Care Business Conference.
Source: “Wharton Health Care Business Conference emphasizes theme of change,” Daily Pennsylvanian, by Serena Zhou, February 20, 2012.
Phoenix University
“The largest for-profit player [in college education], the University of Phoenix, has been offering an online MBA since 1989 and its MBA programme is the largest discipline. Phoenix now buys more case studies from Harvard Business School than any other institution.”
Source: “Knowledge comes at a price,” The Financial Times, by Ben Schiller, February 19, 2012.
Flattery gets you everywhere
“Four things matter more than anything else.… The second is the ability to ‘manage upward.’ This means turning yourself into a successful applicant, deferential enough to attract the attention of your superiors. Barack Obama asked about a third of his fellow senators for help when he first arrived in the institution. It means mastering the art of flattery. ‘Never miss an opportunity to flatter’ ought to be engraved on every MBA degree: when [Stanford GSB Professor Jeffrey] Pfeffer wrote a note to Jack Valenti, a longtime head of the Motion Picture Association, to thank him for addressing one of his classes at Stanford, Valenti wrote back praising Pfeffer for the quality of his thank-you note. Presumably the exchange of notes could have gone on forever.”
— Adrian Wooldridge, Masters of Management: How the Business Gurus and Their Ideas Have Changed The World – For Better and For Worse.
What is MBA Minstry
MBA Ministry was started in the early 1990s by students at Harvard Business School and Northwestern’s Kellogg School of Management. Here’s how the organization—affiliated with InterVarsity Christian Fellowship/USA and the International Fellowship of Evangelical Students—describes itself: “Jesus Christ is working on MBA campuses around the country and in the private sector at large, raising up Christian leaders who seek God in their professional and private lives. As C.S. Lewis would say, ‘Aslan is on the move!’ As the only national MBA Ministry in the United States, we have fellowships or relationships on 22 of the top MBA programs across the country, for example, Harvard, Kellogg, Chicago Booth, Yale, UCLA, and Stanford…More than 300 students and faculty are meaningfully involved with these fellowships.”
What does MBA Ministry do exactly? It helps students, alums, faculty, and administrators “build relationships and community,” promotes “the transformation of all involved to be more and more the image of Christ,” address the “spiritual, economic, and social poverty of MBAs and the world,” and encourages “students and alumni to live their faith out holistically, including at work.”
More specifically, it sponsors an annual Believers in Business Conference, supports the formation of fellowships on individual business school campuses, enables members and recruiters to access a “National Christian MBA Resume Book,” supports related groups such Graduate & Faculty Ministries (GFM) and Emerging Scholars Network, and helps members connect through social media such Facebook and LinkedIn.
Kenji Tateiwa say about stanford MBA
Proof that business school applicants remember what they write in their application essays was delivered by Kenji Tateiwa, Stanford MBA 2004, to a GSB audience last month. Now a manager for the Nuclear Power Programs of TEPCO, the ill-fated operator of the tsunami-hit Fukushima nuclear plant, Tateiwa quoted directly from his ‘what matters most’ essay from 2001 in his presentation at Knight Management Center: “I grew up aware of and sensitive to the environment and energy problems through experiences that shaped [me?] with a bold but pragmatic dream of establishing a perfect energy world — one sustainable from an energy point of view and protective of mother nature. Realizing this dream is what matters most to me.”
Some will question the sincerity of such words coming from the employee of a nuclear power plant operator, though I do not. Japan has every right to question its dependence on nuclear power, but the Fukushima disaster is not a judgment on the safety of nuclear power. It’s a judgment on poor disaster planning and on continuing reliance on 1960s nuclear technology when much better and safer designs are available.
Tateiwa’s ‘what matters most’ quote frames a fascinating PowerPoint presentation on the Fukushima tragedy.One of its most compelling sections is Testimonies from the Field, which dramatizes the danger many Fukushima employees faced as the March 11 disaster unfolded:
• “In an attempt to check the status of Unit 4 D/G, I was trapped inside the security gate compartment. Soon the tsunami came and I was a few minutes before drowning, when my colleague smash opened the window and saved my life.”
• “In total darkness, I could hear the unearthly sound of SRV dumping steam into the torus. I stepped on the torus to open the S/C spray valve, and my rubber boot melted.”
• “The radiation level in the main control room was increasing 0.01 mSv (1 mrem) every 3 seconds but I couldn’t leave—I felt this was the end of my life.”
• “Unit 3 could explode anytime soon, but it was my turn to go to the main control room. I called my dad and asked him to take good care of my wife and kids should I die.”
Tateiwa closed his presentation by once more invoking his idealistic application essay: The Stanford GSB “mantra” is “Change Lives, Change Organizations, Change the World.” There’s no doubt the Fukushima nuclear tragedy changed many lives, will change Japan’s energy equation, and has dramatically changed one Japanese organization: TEPCO.
Harvard Business School: Before the ‘Big Time’“For all its more recent cachet, it is well to remember that when HBS limped onto the pedagogical landscape in 1908, it had only the puniest of endowments, and neither a campus of its own nor a proven constituency in the actual world of commerce. The school’s founding philosophy had consisted of a hunch: that by conferring the dignity of a Master’s degree on the subject of business administration, ‘one of the oldest of the arts,’ to quote former university president President A. Lawrence Lowell, could be redefined as ‘the youngest of the professions.’…
As with every fledgling enterprise, however, the B-school’s most pressing need in its formative years was customers for its product. The School could not long survive unless the degree it granted was shown to have some tender value in the world at large; and the most likely place for that value to emerge was in the big corporations which, in the years around World War I, were just coalescing into their modern form. To win the corporations over as enthusiastic employers of its graduates, the School had to offer a graduate appropriate to the corporations’ specific needs: not a wild and crazy visionary, but a cool-headed professional whose job would be to expedite rather than initiate, who would abet, rather than challenge, the smooth, habituated running of ever more complicated organizations, and who, by temperament and skills, would operate a safe remove from the turf and the ego of the old-fashioned seat-of-the-pants entrapreneur who, chances are, was still the boss.”
—Laurence Shames, The Big Time: The Harvard Business School’s Most Successful Class & How It Shaped America (Harper & Row, 1986)
MBAs Gaining popularity,prestige Online
According to the website Poets and Quants, “About 11,000 MBA students are currently studying for online MBAs at some 90 schools accredited by the Association to Advance Collegiate Schools of Business.”
The number of students pursuing their online MBAs further increases when including for-profit companies such as The University of Phoenix, which currently boasts over 30,000 enrolled MBA students.
The number of students pursuing their online MBAs further increases when including for-profit companies such as The University of Phoenix, which currently boasts over 30,000 enrolled MBA students. Despite the numbers, many have raised doubts about the quality of online MBA degrees. Dave Wilson, CEO of the Graduate Management Admission Council, which oversees the GMAT exam, told Poets and Quants that while "rudimentary" courses can be taught online, "I'm not convinced you can use technology for deeper Socratic inquiries between a professor and the students."The number of students pursuing their online MBAs further increases when including for-profit companies such as The University of Phoenix, which currently boasts over 30,000 enrolled MBA students.
According to the website Poets and Quants, "About 11,000 MBA students are currently studying for online MBAs at some 90 schools accredited by the Association to Advance Collegiate Schools of Business." The number of students pursuing their online MBAs further increases when including for-profit companies such as The University of Phoenix, which currently boasts over 30,000 enrolled MBA students. Despite the numbers, many have raised doubts about the quality of online MBA degrees. Dave Wilson, CEO of the Graduate Management Admission Council, which oversees the GMAT exam, told Poets and Quants that while "rudimentary" courses can be taught online, "I'm not convinced you can use technology for deeper Socratic inquiries between a professor and the students."
However, a number of top institutions have already responded to the viability of the online model and have added this option alongside their traditional programs.
The latest to join is the University of North Carolina's Kenan-Flagler Business School, which plans to enroll 50 students in its inaugural MBA@UNC online program, with classes beginning July 4th of this year. The two-year program includes up to four weekend residencies and the chance to study with Kenan-Flagler's esteemed faculty. Other highly-ranked programs already successfully offering online degree options are Spain's IE Business School and Indiana University's Kelley School of Business.
SUNY Oswego, part of the State University of New York, is an up-and-coming program accredited by the AACSB that launched its own online MBA degree program in late January. In its case, SUNY Oswego wants to reverse the perception that online programs are easier or require less commitment. Customizable electives, optional concentrations, and targeted internships are still a key part of the online program. And although the program is online, students will not be alone, says the school.
So does this mean that getting your degree online will eventually lose the stigma?
Ian Van Tuyl, whose company 2tor Inc. is supplying the technology platform for UNC's online courses, provided Poets and Quants with a hopeful analogy: "Ten or 12 years ago, online dating seemed to have some scary edge to it. Today even your grandmother is urging you to go online and find someone. My sense is that online degrees will become as accepted as online dating is today." Free Online the economist's MBA fair
On March 22nd & 23rd, The Economist will bring together business schools from around the world to meet you and answer your questions at their free Global Online MBA Forum.
I wanted to let you know about a great *FREE* event coming up next week, right from the comfort of your own home or office.On March 22nd & 23rd, The Economist will bring together business schools from around the world to meet you and answer your questions at their free Global Online MBA Forum.
At this free event, you can access the Forum’s interactive features including:
• Online discussions with admissions officers, current MBA students and alumni
• Downloadable brochures, videos and school applications
• Topical chat sessions about student life and special programsThe adaptive of the GMAT
So what makes the GMAT so hard?
No matter how good you are with numbers, no matter how strong your logic is, no matter how comprehensive your powers of comprehension are – the GMAT is a hard exam. This is true for any test taker, including GMAT Masters.
The reason for that is the adaptive nature of the GMAT. While the intricate workings of the adaptive algorithm is too complicated to be communicated in a blog post, the logic behind it can be simplified thus:No matter how good you are with numbers, no matter how strong your logic is, no matter how comprehensive your powers of comprehension are – the GMAT is a hard exam. This is true for any test taker, including GMAT Masters.
1. In the beginning, the algorithm knows nothing about the examinee, so it assumes he or she is of an average level. Consequently, the examinee gets a mid-level question, one that was answered correctly by around 50% of past test-takers.
2. If the test-taker gets the first question right, he or she gets a harder question (say, one answered correctly by only 25% of past test takers); if the test-taker gets it wrong, he or she gets an easier question (for instance, one answered correctly by 75% of past test takers).
3. This process repeats itself in the following questions, with each subsequent answer providing the system with more information about the actual level of the examinee, as the algorithm tries to push the test-takers boundaries and determine the theoretical "breaking point".
The adaptive nature of the algorithm thus makes sure that each test-taker is treated in the same "unfair" way: the questions test takers face vary in their difficulty level, but are equally hard relative to the test taker that faces them. Whether you are in the 99th or 10th percentile, the GMAT algorithm will make sure that you will be presented with questions that are difficult for YOU.
University of Michigan’s Ross School of Business Awarded
The Zell Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Ross School of Business has awarded almost $90,000 to promising student startups through its annual business challenge and other grant programs, the school announced this week.
Fashion Forward Maternity, an online boutique enabling career women to borrow high-quality designer maternity and nursing clothing at discounted prices, took first prize of $20,000 in the Michigan Business Challenge, now in its 29th year. The team, comprised of Erin Lewis, an executive MBA student at Michigan Ross, along with Judy Skiles Lavers and Sannie Sapier, beat out 44 other teams in a competition that began last fall. Runners up – which included a medical device company that uses neuroscience to develop patient brain-function monitoring solutions and a for-profit social entrepreneurial company devoted to helping the blind use modern touchscreen devices – received an additional $42,000 in award money for their startup ventures.
“The Michigan Business Challenge has been critical in helping us get ahead,” Ross EMBA student Lewis said in a statement. “I found my team through the executive MBA network, but the challenge has been extremely valuable as a way to receive feedback and refine our model,” she continued. “We received some initial funding in 2011, and our win will certainly help take the company to the next level.”
Lewis’s team and others will now go on to compete at intercollegiate business plan competitions. Last year, winning Michigan teams brought home more than $325,000 in prize money and services in these advanced competition stages.
Ross also awarded funding for innovative new business concepts and plans through its Applebaum Dare to Dream Grants and Mayleben Family Venture Shaping Grants, totaling $27,000 for the winter term.
Michigan Business Challenge - MBC Winners 2012
On December 2, 2011, 45 teams from across the University competed in Round One. Fourteen teams advanced to Round Two, held on January 20. From that group, eight teams advanced to the Michigan Business Challenge Semi-Finals competition, held at Ross on February 17, 2012. Four teams moved on to the Finals, also held last Friday. Congratulations to all teams who entered and competed! The 29th Michigan Business Challenge awarded over $60,000 to the following teams:
$20,000 Pryor-Hale Award for Best Business
$2,500 Marketing Award sponsored by Mark Petroff:
Fashion Forward Maternity - Based on the idea that all women should feel POWERFUL- BEAUTIFUL- COMFORTABLE- and CONFIDENT during pregnancy, Fashion Forward Maternity is a socially responsible online boutique where savvy professional women can borrow high quality and designer maternity and nursing fashions at a fraction of the price of new. We then “pass it forward” by donating all gently used clothes that can no longer be rented to women’s organizations around the country. Erin Lewis (EMBA ’12), Judy Skiles Lavers (EMBA ’11), Sannie Sapier
$10,000 Runner-Up
$2,000 Outstanding Presentation:
Converge Medical Technologies - Converge Medical Technologies is a medical device company that develops patient brain function monitoring solutions through principles of neuroscience. Our lead product, the Connect Monitor, employs a novel method to provide physicians with improved evaluation of patient awareness for anesthesia in surgery and sedation in critical care. A spin-out of the University of Michigan, Converge is positioned to improve patient health through innovative brain monitoring. Mike Johnson (MD/MBA, MIC Fellow ’12), Jay Johnson (MSE, MIC Fellow ’12), Anna Ng (MHA, MIC Fellow ’12), Anthony Tsai ( MD, MIC Fellow ’12), George Mashour
$7,500 Erb Award for Sustainability
$5,000 Williamson Award for Outstanding Business and Engineering Team
$2,500 Marketing Award sponsored by Mark Petroff
$1,000 Advancing to Finals:
@Fingertips - @FingerTips is a for-profit social-entrepreneurial company that builds devices enabling the blind to use modern touchscreen devices. The blind find devices such as Android, iPhone, & iPod Touch difficult to use as those devices have flat touchscreens and are vision-intensive. Our product is a device that can be attached to an iPhone (or Android) enabling the blind to use intuitive rotary physical dials to open thousands of applications, navigate content using buttons while listening to audio, speech, and feeling vibrations. Siyang Chen (MFA ’13), P. K. Mishra (MBA ’12), Roger Potter (BSE Mechanical Engineering ’12), Nick Wilcox
$2,500 Undergraduate Award
$2,000 Outstanding Presentation:
Thru.im - Thru.im is a mobile website that lets you transact with any business via free text messaging. The site solves a problem for the growing generation of consumers who want to communicate with businesses and friends the same way - through text conversation. The team is lead by undergraduate BBAs and CSE students who will launch a scaled beta in March 2012. David Spiro (BBA ’12), Chad Stark (BBA ’11), Calvin Gee (BS Informatics ‘12), Cheng Chen (BS Computer Science Engineering ’12)
$2,000 Best Written Plan
$1,000 Advancing to Finals:
StrideSports - StrideSports is a designer and manufacturer of fitness and exercise equipment with a mission to create fun, exciting, innovative products that inspire people to live healthier lives. StrideSports has created a product portfolio around its two patent pending technologies, and will launch its business in 2012 with the introduction of the StrideRide, an ergonomically correct outdoor cardio machine that provides a true full body workout. Brian Beard (MBA ’12), Grant Weber (MBA ’11)
$20,000 Pryor-Hale Award for Best Business
$2,500 Marketing Award sponsored by Mark Petroff:
Fashion Forward Maternity - Based on the idea that all women should feel POWERFUL- BEAUTIFUL- COMFORTABLE- and CONFIDENT during pregnancy, Fashion Forward Maternity is a socially responsible online boutique where savvy professional women can borrow high quality and designer maternity and nursing fashions at a fraction of the price of new. We then “pass it forward” by donating all gently used clothes that can no longer be rented to women’s organizations around the country. Erin Lewis (EMBA ’12), Judy Skiles Lavers (EMBA ’11), Sannie Sapier
$10,000 Runner-Up
$2,000 Outstanding Presentation:
Converge Medical Technologies - Converge Medical Technologies is a medical device company that develops patient brain function monitoring solutions through principles of neuroscience. Our lead product, the Connect Monitor, employs a novel method to provide physicians with improved evaluation of patient awareness for anesthesia in surgery and sedation in critical care. A spin-out of the University of Michigan, Converge is positioned to improve patient health through innovative brain monitoring. Mike Johnson (MD/MBA, MIC Fellow ’12), Jay Johnson (MSE, MIC Fellow ’12), Anna Ng (MHA, MIC Fellow ’12), Anthony Tsai ( MD, MIC Fellow ’12), George Mashour
$7,500 Erb Award for Sustainability
$5,000 Williamson Award for Outstanding Business and Engineering Team
$2,500 Marketing Award sponsored by Mark Petroff
$1,000 Advancing to Finals:
@Fingertips - @FingerTips is a for-profit social-entrepreneurial company that builds devices enabling the blind to use modern touchscreen devices. The blind find devices such as Android, iPhone, & iPod Touch difficult to use as those devices have flat touchscreens and are vision-intensive. Our product is a device that can be attached to an iPhone (or Android) enabling the blind to use intuitive rotary physical dials to open thousands of applications, navigate content using buttons while listening to audio, speech, and feeling vibrations. Siyang Chen (MFA ’13), P. K. Mishra (MBA ’12), Roger Potter (BSE Mechanical Engineering ’12), Nick Wilcox
$2,500 Undergraduate Award
$2,000 Outstanding Presentation:
Thru.im - Thru.im is a mobile website that lets you transact with any business via free text messaging. The site solves a problem for the growing generation of consumers who want to communicate with businesses and friends the same way - through text conversation. The team is lead by undergraduate BBAs and CSE students who will launch a scaled beta in March 2012. David Spiro (BBA ’12), Chad Stark (BBA ’11), Calvin Gee (BS Informatics ‘12), Cheng Chen (BS Computer Science Engineering ’12)
$2,000 Best Written Plan
$1,000 Advancing to Finals:
StrideSports - StrideSports is a designer and manufacturer of fitness and exercise equipment with a mission to create fun, exciting, innovative products that inspire people to live healthier lives. StrideSports has created a product portfolio around its two patent pending technologies, and will launch its business in 2012 with the introduction of the StrideRide, an ergonomically correct outdoor cardio machine that provides a true full body workout. Brian Beard (MBA ’12), Grant Weber (MBA ’11)
Comments
Post a Comment