ICICI Business Leadership Programme - Min 3 Yrs Work Ex Required

Bank PO
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yeah.
You cant expect MBA degree and MBA college to carry us forward after 5 years.

It would be mostly the expertise you have that will decide how you move ahead in your career.

Thanks & Regards
Vijay

But this mba degree icici offering suits only for banking industry and again scope will gets limited to banks ....This is wat i feel
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Hi Buddies...

I was following this thread from the beginning but posting here for the first time. All your inputs are truly informative and commendable.
I have my selection process in Bhubaneswar on 14th Feb. ATB to you all.

@ICICI guys as candidates - can you please brief us on the ICICI Management structure. Like the post ICICI is going to offer is Manager Grade II. What are the posts available immediately after Manager Grade II...where does the Chief Manager fits? Also kindly let us know what's the ratio of fixed and variable pay components ICICI usually follows for Middle Management position.


I will also appear BMAT on 14th feb.am frm jhasuguda.How is ur preparation gng on?plz b n touch wth me.
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rahulsharma1982 Says
@aspirantch : If it is approved by UGC, its more than enough for now dude... Because the rankings mostly are considered while placements by the recruiters & if we are getting direct placements in ICICI at a salary of 15 Lacs P.A., then for us only education/knowledge matters & not the rankings.... Also, after working in ICICI bank for 3 years, it would hardly matter that from where we had done MBA.... At that time, only the existing salary would be considered for negotiations with new employer.......

Regarding the university and degree. i have one doubt for all of you who doubt that these two will not be as good as tier-2 B schools. "Why would ICICI bank be giving you a salary/package that handsome if the degree or university is not good?"
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gubbaara Says
Regarding the university and degree. i have one doubt for all of you who doubt that these two will not be as good as tier-2 B schools. "Why would ICICI bank be giving you a salary/package that handsome if the degree or university is not good?"



Here we go
Put the question it different way. Who is going to join if they are not going to give that handsome package? People are not going to join that MBA, if they will not provide that much package.
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Yes. It would be suitable for Banking domain only or rather the work and knowledge gained would be bank centric.

Regards
Vijay


Adding to Vijay. Finance/Banking/Trading sector is best from any Industry. If you collect the data from Any B school, you will find mainly Banking Sector can give highest package. It is not everytime ture, but 95% it is true. Hope answers your query.
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Here we go
Put the question it different way. Who is going to join if they are going to give that handsome package? People are not going to join that MBA, if they will not provide that much package.

Dood, just pray no one asks this question in "your way" in the interview.
But yes, I feel that even if the university standards/quality of education are found to be bad (lets assume they are for the MBA programs currently going on). Then ICICI will make sure that this lot of 120 people gets education worth handling a job that they have promised. What say?
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@ gubbaara & subrat : You guys are absolutely correct. We started a new thread & completed 22 pages just because we all are attracted to the salary which is being offered by ICICI post MBA..... People do not do MBA for gaining knowledge.... they do it for salary hikes/sector change.... Even if it is banking sector-centric, please do not worry..... Banking sector is growing by leaps & bounds & will only get better as people become richer & as technology (online banking) steps in.....

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gubbaara Says
Regarding the university and degree. i have one doubt for all of you who doubt that these two will not be as good as tier-2 B schools. "Why would ICICI bank be giving you a salary/package that handsome if the degree or university is not good?"

Whats the guarantee that all will get 15 lacs package.
Even iimk Grads get arnd that much.I think the clause intends to say upto 15 lacs . Not all people who work at ICICI hail from the top 15 Bschools in India . They should be getting around 10 lacs. And wouldnt they have problems if grads from Business leader ship program get 50% more than the MBAs already hired by ICICI. I may not have the whole picture in Mind but it doesnt fit into the economics of a Bank such ICICI with huge staff strength.
There has to be a Catch
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Few more points puys,

Just think wot happens when u want to do MBA in finance/banking sector & if u r not from that field.... Good B schools hardly take u or ur aspirations seriously..You are str8 away questioned for changing your pre-MBA sector....

Here, we have been presented an easiest way to enter banking/finance field & no b school or company will be questioning the reason for changing...

Also, even after doing MBA from a good b school, either ur b school or u has/have to take the stresses of finding a good job... here the job is promised to u even before starting MBA.

Thus, the confusion/problem here is not how this MBA is or how will it help us in getting a job.... not even that, wot kind of job will we do in ICICI coz obviously after spending so much on a candidate, the bank is not gonna ask him to do a clerk's job.... he will surely be given a good responsibility.....

The main question is how is the pay, which is promised, divided..... it should not happen that the salary has 40% variable component & there are lot of targets connected to it.... if thats the case, then it would be a big problem....

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Whats the guarantee that all will get 15 lacs package.
Even iimk Grads get arnd that much.I think the clause intends to say upto 15 lacs . Not all people who work at ICICI hail from the top 15 Bschools in India . They should be getting around 10 lacs. And wouldnt they have problems if grads from Business leader ship program get 50% more than the MBAs already hired by ICICI. I may not have the whole picture in Mind but it doesnt fit into the economics of a Bank such ICICI with huge staff strength.
There has to be a Catch


Hold that thought, the www. Icicicareers.com/icici-niit/placement.html page says,
The starting remuneration on Cost to Company basis for students will be in the range of INR 15 lacs and above per annum.
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Whats the guarantee that all will get 15 lacs package.
Even iimk Grads get arnd that much.I think the clause intends to say upto 15 lacs . Not all people who work at ICICI hail from the top 15 Bschools in India . They should be getting around 10 lacs. And wouldnt they have problems if grads from Business leader ship program get 50% more than the MBAs already hired by ICICI. I may not have the whole picture in Mind but it doesnt fit into the economics of a Bank such ICICI with huge staff strength.
There has to be a Catch



Hi Friend Here is another question came up Do we really going to get 15LPA? Noone sure about that. Only after completion of Education and after joing th bank,we can give the answer. So Can we taking Risk ?
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I think 15 lakhs package will be target based(monthly) but the real salary would be something different.Lets hope for the best...Just think...the guys doing executive management programmes from good B-schools receive a median salary of 10-15 lakhs.And second thing is that they are trying to take some good managers from other Govt. banks.Thats why the selection will totally depend upon the final stage i.e interview where they will take the real bankers from other banks.I think so..comments r welcum.All guys frm banking industry..njoy...:thumbsup:

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@ ramneetazad : Well u may be right.... But if we go as per the information provided on ICICI careers' site, it says the following:

On successful completion of the programme & internship, you will be absorbed at Manager- Band II in the Bank. On the basis of type and duration of prior work experience as well as the academic performance, the successful students may be absorbed at higher grades as well. At Manager Band-II or higher grades in the Bank you will be absorbed at a gross salary of more than Rs. 15 Lacs per annum.

And hence, we have less doubts....

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I would say, see the picture with a little optimistic point for the time being otherwise you'll have more doubts for the interviewer than he has for you. I believe, this type of excessive discussion is going to affect your will power to get the job.
Again, this is what I believe/I follow; still if you are doubtful about the package and all (which is mainly because we didn't expect such a grand salary from an MBA which seems so easy right now); you may take the screen-shots of the all website's pages where they are Promising this 15 LPA thing, Job title. But still, you are buying worthless tension for the coming 2 years until you have that offer letter.

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I would say, see the picture with a little optimistic point for the time being otherwise you'll have more doubts for the interviewer than he has for you. I believe, this type of excessive discussion is going to affect your will power to get the job.
Again, this is what I believe/I follow; still if you are doubtful about the package and all (which is mainly because we didn't expect such a grand salary from an MBA which seems so easy right now); you may take the screen-shots of the all website's pages where they are Promising this 15 LPA thing, Job title. But still, you are buying worthless tension for the coming 2 years until you have that offer letter.



Well Said gubbaara. hahahaha......:cheerio:
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The exam was hardly anything.

No point speculating now about the offer. Convert the call and think about worth or not before depositing 25K.

ICICI, IMO must have called almost everyone who has written the test and calls in the ratio 1:10 atleast. Their style of selecting candidates wouldn't be much different than the PO selection where 10000 are called for 1000 odd positions.

Thanks & Regards
Vijay

Two doubts:
1. "convert what call?"
2. what does your calculation and comparison to IMO prove? Are there a lot of people called for the Second round? If yes, what do you think is the number appearing for second round.
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Hold that thought, the www. Icicicareers.com/icici-niit/placement.html page says,
The starting remuneration on Cost to Company basis for students will be in the range of INR 15 lacs and above per annum.

If i have refrains abt something its given that i will express it , this being a Public forum.
Somebody like me expressing his vies shouldnty tick u off .Right
Stmnt 1 : ICICI has put some thing in a clause
Stmnt 2: U r interested
Conc: I can still put my views right
Otherwise whats the point of putting the topic on a forum
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I would say, see the picture with a little optimistic point for the time being otherwise you'll have more doubts for the interviewer than he has for you. I believe, this type of excessive discussion is going to affect your will power to get the job.
Again, this is what I believe/I follow; still if you are doubtful about the package and all (which is mainly because we didn't expect such a grand salary from an MBA which seems so easy right now); you may take the screen-shots of the all website's pages where they are Promising this 15 LPA thing, Job title. But still, you are buying worthless tension for the coming 2 years until you have that offer letter.

All The Best. As for me I am more interested in General Management. I just gave my 2 cents but it seems u cant even give that ,So much for Public Forums
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Yeah.We will first try to get thru d final stage.nyways v nw hv our questions handy.

And again for those who are still skeptic about the pacakage,even in IT u will not 15L in 5 years.5 yr exprncd person ll be getting arnd half of it.It is really a gud offer to take it up and normally banks do not have target based CTC,its just only ur incentive and other perks depends on ur target levels.

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Lets get going wid GD rite now.Any idea on case analysis and GD,How ll it be?