Congrats to all those who got selected for October, 2012 batch. This is Rahul from first batch (April, 2011).
I have a few books of first & second term at my home (Ahmedabad). Guys selected from Ahmedabad can send me a private message to have them..
Oct 2012 Folks,
Many congratulations on being selected for this program. Just a word of caution, since I know most of the ppl frm my batch missed it and am sure most of you all may have missed out on doing this calculation since the picture 'is made to look rosy and tempting' with the 15 lacs CTC, Manager Grade 2 position etc.
But, the bottom line of all this as evident by a simple NPV analysis is that, your breakeven to join this course is a current CTC of 7.5lacs per annum. In short, if your current CTC is 7.5+ lacs per annum, you would actually lose financially on quitting your current job and joining this program.
And this is excluding the fact that you would be paying out your regular loan installments for the next 5 years, so in reality, ur breakeven is even less and definitely not exceeding 7.5 lacs.
But you should also weigh all other options like change of career line, any other benefits as evident to you specifically before you make your decision.
ATB for all your future endeavors.
P.N. : My only intention is to show you the right mirror, pls do not consider this as a negative motivation against this program. In the end, you are your best judge.
Cheers,
Kapil Jain
ICICI NU April 2012 batch
Hi Puys,
Congratulations to those selected for Oct'12 Batch. I'm from April'12 Batch and will be done with my first 2 terms here at NIIT Neemrana campus on 22nd Oct'12. I have several books for both first and second term available with me. Let me know if anyone of you would like to purchase it from me here as it will save you the hassle of carrying it from your base location. Send me an Email at [email protected] and I'll keep them for you on first come first serve basis.
Also you may write to me in case you have any other general queries regarding the course, college or anything else. Best luck and have a great time!
Regards
Varun
hi sir i got selected for po prog for nov batch nd i m 4m patna....
i wanna to know that how we can do mba or joing mba while doing po progrm....nd what package they offer after MBA
Mastermindkapil: Thanks for the caution.
I think the reason for doing MBA is to get an additional qualification which will take you further up in your career. Even if with a 8 LPA job, people would be willing to join IIM's or even slightly lesser B-Schools where the average CTC after 2 years would be around 10-12 LPA. They do this after spending nearly 14 L with commercial bank interest of 12 % or so. Here they provide you with a stipend of 10K and 50K for 6 months every year and a practical training in the bank. The guaranteed job at a CTC of 15 LPA is not a simple thing. I have seen many of the Grade-II MBA guys going in for 7-8 LPA jobs. Nor are all the IIM guys get in to Foreign postings with 60 LPA etc.,
I believe if you have an inclination in finance, you should join and not calculate the financial benefits alone. ICICI is the second largest bank in India after SBI and has a very professional culture. After 3 years work experience in this bank, the person will be sought after by many other banks/ financial institutions. You should opt out only if
1. You have a high score in CAT and will get you a seat in IIM's or ISB etc.,
2. No interest in Finance
3. Working in software looking for on site posting with a good salary.
4. Joining family business.
5. Starting own business.
Otherwise you should join the programme.
Radhakrishnan
One more thing about the job expectation. ICICI was originally a Industrial financial institution which later entered retail banking as ICICI Bank. The post which you guys will be posted will be for the merchant Banking division. It will be an Industrial Financing job which will give a lot of exposure to various industries, their systems of working etc., and will help develop financial acumen and skills in facing various situations. No doubt, it is not a 9-5 job and will need extended working hours and even working at home sometimes. But you will work with involvement and passion. But the pay off is there definitely by way of success and career growth. You guys have taken a right step in joining this program.
I wish you all the best in your career.
Radhakrishnan R
@mastermindkapil hey kapil can i have your number?i plan to join october batch..need to talk to you about this.please PM me your number or mail me at [email protected]
Hi Puys, if someone planning to give this a try in next batch (feb 2013) , please do keep posted. When is the next test schedule and other stuffs. Thanks
@boilersuit said:@mastermindkapil hey kapil can i have your number?i plan to join october batch..need to talk to you about this.please PM me your number or mail me at [email protected]
Sent u a pm..
@Gopagal said:Mastermindkapil: Thanks for the caution.I think the reason for doing MBA is to get an additional qualification which will take you further up in your career. Even if with a 8 LPA job, people would be willing to join IIM's or even slightly lesser B-Schools where the average CTC after 2 years would be around 10-12 LPA. They do this after spending nearly 14 L with commercial bank interest of 12 % or so. Here they provide you with a stipend of 10K and 50K for 6 months every year and a practical training in the bank. The guaranteed job at a CTC of 15 LPA is not a simple thing. I have seen many of the Grade-II MBA guys going in for 7-8 LPA jobs. Nor are all the IIM guys get in to Foreign postings with 60 LPA etc.,I believe if you have an inclination in finance, you should join and not calculate the financial benefits alone. ICICI is the second largest bank in India after SBI and has a very professional culture. After 3 years work experience in this bank, the person will be sought after by many other banks/ financial institutions. You should opt out only if1. You have a high score in CAT and will get you a seat in IIM's or ISB etc.,2. No interest in Finance3. Working in software looking for on site posting with a good salary.4. Joining family business.5. Starting own business.Otherwise you should join the programme.Radhakrishnan
Dear Radhakrishnan,
I appreciate your misunderstanding of my post and this is the primary reason that prompted me to write. I also appreciate the ease with which you could create a 5 point programme to differentiate on who should join this course and who should not. Why dont you start suggesting me on which stocks to buy and what not from here on? You seem to be very precise and accurate with this level of confidence.
My dear friend, each selected candidate is atleast 24+ and has min 3+ yrs. of prior work exp. They are mature and smart enough to calculate and decide what aspect
(financial or MBA or job exposure or stipend or family business or onsite or IIM/ISB opportunity) should they weigh with the highest priority and then take an appropriate decision if they should join or not.
(financial or MBA or job exposure or stipend or family business or onsite or IIM/ISB opportunity) should they weigh with the highest priority and then take an appropriate decision if they should join or not.
Just for your record, IIM graduates are hired at M1 grade and CTC of 12.5LPA in ICICI bank, so even with your analysis, the 'SHORT TERM' RoI of this program outweighs doing an MBA form any IIM. Hence, please do not try to differentiate on the basis of doing an MBA from IIM. You are definitely at higher benefits in this case and this contradicts the 1st point of your 5 point programme.
What I did was to give them one of the aspects which I personally felt most of my batchmates ignored and started cribbing once they landed here and still continue to do so. Perhaps, they felt the financial aspect was a big trade off. I would suggest each one to go and read my post again and confirm that I have never said 'calculate the financial benefits alone'. I had clearly mentioned 'But you should also weigh all other options like change of career line, any other benefits as evident to you specifically before you make your decision.'
This course like any other MBA can never be 100% beneficial to each one. For some it would be a boon, and for some it may not. It is an individuals job to understand his own situation and then decide whats best for him. Hope, my intention is clear to you and all.
Cheers,
Kapil Jain
Well Said Kapil Jain..
Point No1- I am not a stock broker and so I cannot recommend the shares to be bought or sold.
Pt#2- If the people are knowledgeable and need no advice, your word of caution may not also be called for.
Your Para No 3 strongly supports my viewpoint. Thanks very much.
This is a forum where we exchange ideas. There is no need to be sarcastic as in Para No:1.
Thank you
Radhakrishnan
@Gopagal said:Point No1- I am not a stock broker and so I cannot recommend the shares to be bought or sold.Pt#2- If the people are knowledgeable and need no advice, your word of caution may not also be called for.Your Para No 3 strongly supports my viewpoint. Thanks very much.This is a forum where we exchange ideas. There is no need to be sarcastic as in Para No:1.Thank youRadhakrishnan
Dear Radhakrishnan,
1: Thats what I precisely wanted you to und that if you are neither a stock broker, I presume you are nor a life/education counsellor and hence making a straight forward 5 point programme differentiating on the ones who should join and who should not was simply uncalled for.
2: Each one would need some help in making such crucial decisions in life and the only thing we should do is to discuss our views with them. What I only did was commented on 1 area (finance), whether or not to take it is left to the forum members. Also, in point 2, what do you mean by : 'If the people are knowledgeable and need no advice'.......Did you give all your 'advice' thinking that they are not knowledgeable enough?
3: Even though you wanted to express the same viewpoint as I did, you misunderstood my post and claimed some points which I never intended to put forth. Pls refrain yourself from misquoting others in future. Had you been a mature interpretor of my post, I would have stayed away from being sarcastic.
This is a forum where we exchange ideas - Agreed. Then pls discuss and stop giving 'advice'. and let people decide for themselves (Whether they are knowledgeable enough or not is none of OUR business either)
Hope I am very clear.
Cheers,
KJ
Hello mastermindkapil, Gopapagal..
What sort of career will the people get post MBA(Banking & Finance)?
What kind of projects would a person get in his 3 year career in ICICI ?
Thank You...
@mba85pag said:see puneet...this program is specifically designed for ICICI...but it is not a regular MBA qualification that's given by B schools... but i don't understand why u worrying so much... once u gain the exp with the bank that too at a senior level...u will have lot of options later..like exec MBA, Phd,PostDoc from one of the top B schools in the world...
Dear mba85,
this indeed is avery much a regular MBA with degree being awarded to all successful ones ....even IIM offer DIPLOMA only....
@mastermindkapil said:Dear Radhakrishnan,1: Thats what I precisely wanted you to und that if you are neither a stock broker, I presume you are nor a life/education counsellor and hence making a straight forward 5 point programme differentiating on the ones who should join and who should not was simply uncalled for.2: Each one would need some help in making such crucial decisions in life and the only thing we should do is to discuss our views with them. What I only did was commented on 1 area (finance), whether or not to take it is left to the forum members. Also, in point 2, what do you mean by : 'If the people are knowledgeable and need no advice'.......Did you give all your 'advice' thinking that they are not knowledgeable enough?3: Even though you wanted to express the same viewpoint as I did, you misunderstood my post and claimed some points which I never intended to put forth. Pls refrain yourself from misquoting others in future. Had you been a mature interpretor of my post, I would have stayed away from being sarcastic.This is a forum where we exchange ideas - Agreed. Then pls discuss and stop giving 'advice'. and let people decide for themselves (Whether they are knowledgeable enough or not is none of OUR business either)Hope I am very clear.Cheers,KJ
" if u all remember the Castrol 4T Rahul Dravid ad......."
""""Advice to sab dete hain ...but it depends who should you listen to....."
So why not to listen to someone already in the program....pursuing it ...who has seen and felt all this crap microscopically .a lot many times......
@Gopagal : are you from this program of any earlier batch ????????
@nCts I too want to know when is the next intake for this programme. Like you said feb 2013, are you sure for this information?
@gautambangalore said:@nCts I too want to know when is the next intake for this programme. Like you said feb 2013, are you sure for this information?
Further if anyone on this forum could provide more information/date for the next intake after this Oct intake we just had ...Thanks in advance
Hi,
please anyone joined MBA please share your feedback about the program such as
1. environment,
2. difficulty of the job?
3. work load? etc.
Please share your valuable feedback, it will help us.