well queries ummm.. was going thru the syllabus and found some of the subjects very cool.. tell us Sid how do the classes go?? and how about the field work?? give us some overview!!
and above all hows the mess 😃 ?
ahem... don't expect great things from the classes! Except a few professors, others barely succeed in holding our attention! But yes, some subjects are really smooth, and we could do wonders researching them further.
the fieldwork's one of the coolest parts of IIFM... whatver apparent 'crap' one's tried to learn in the first two terms, one sees the practicality of it all in the fieldwork... and realizes many many things - not to mention the great fun all this entails - discovering newer rustic places in India!
And our mess is one of the best among b-school messes... it's managed by us, after all... so if we don't like something, out it goes!
Am also looking forward to our stint out in the open fields!!! sure will be an experience to remember
Sid, please shed some light on the marketing course, is it interesting at IIFM?
Can we have some more folks sharing their profile, its still languishing in single digits!!!!
Marketing! God... it's one of the most hectic courses in IIFM... the prof's a real tyrant!!! We have spent long nights awake... warding off our sleep... jus to make a stupid ppt for the morning's class. I personally feel he makes us work too hard for unnecessary things, still... u will be the best judge for urself.
Neways, working for his major assignment was great fun! All of us were busy making print and video ads as part of the assignment... that sure was interesting. N ppl who worked for it learned quite a bit too...
N u better give us plum roles when u make the ads urself...! 
hi all,
have been really busy off late with office clerances. :)
threads making great progress.
Sid is d mess shudh shaakahari??
field work shd be great fun am sure..
arey no... there's veg n non-veg both...
sidgollum Saysarey no... there's veg n non-veg both...
kya baat haiiiiiii... mast!!
siddhu bhai... mess ki baatein adhuri hain sweet dishes k barein me bina bataye...
hello
to all
seniors
i m trying to avail loan from sbi , but i have a problem the bank has asked me to bring an estimate or detailed description of the fees of college apart of prospectus . i only want to know dat ,how can i avail it .will college be able to provide it without ne problem and for dat wat all doc.. i need to come with (i m quite prepared to come college for dat ) and when i can come.
i have paid iifm token fees and now i am having siib call
i should prefer which one siib or iifm??
seniors plz help!!!!!!!!!
and in case i choose siib what is the procedure for refund of token fees.
thanks in advance
i should prefer which one siib or iifm??
seniors plz help!!!!!!!!!
and in case i choose siib what is the procedure for refund of token fees.
thanks in advance
i should prefer which one siib or iifm??
IB vs FM ... whoa !!
Thats like comparing apples to oranges. Anyway I can understand your dilemma perfectly well. I would simply suggest you to ... READ the fine lines of the official brochures, TALK to seniors and other experienced ppl around you, THINK about various aspects like ROI, infra, location ..... But most importantly it is you who has to DECIDE your future goals and which B School will help you attain them.
All the best.
@pramod: I believe if u go to Institute, they should help out. If they don't, try convincing SBI to accept the prospectus break-up. If they don't, go to another bank which will! BoB (d bank I took a loan from) had no problem with it...
@neuron: Mate, this is something u solely have to decide. Both institutes deal with speacialized fields, and ur decision to select n insti should be primarily driven by ur interests. IIFM has it's own niche, SIIB has it's own. My suggestion abt an insti mite be biased in favour of IIFM... decide 4 urself, based on wht u want to make a career of... If u eventually choose SIIB, I don't think getting back the fees will be a big issue. There's a ruling in the student's favour too, in this regard...
Ok guys here is an interesting article I chanced upon on the net. Its by an XLRI passout.
Money matters, ain't it?
Most of the business schools across the country pride themselves on the astronomical salaries that are being offered to their graduates. It is true that placements do reflect on the quality of education being imparted in their hallowed portals. However, my point is most of the B-schools bask in the glory of salaries being offered rather than the quality of jobs on offer. There is a mad rush for publication of average salary, median salary, highest salary, lowest salary arbitrary salary, etc. But do these figures accurately capture the placements scenario? I have my doubts.
I passed out from XYZ institute, one of the premier B-schools in India last month. After the placements the college came out with its official communication on placements. Suddenly, I came to know that we had stupendous placements with average salary hovering around Rs 14-odd lakhs and median salary in the nearby region.
Even the lowest salary quoted was Rs 8.6 lakhs. But wait a minute. I checked out my salary and that was below the lowest salary being quoted in the official brochure! (My company is an FMCG behemoth with an excellent pedigree but offers only Rs 8.14 lakhs. Sigh!) Now, my dilemma is how would I explain to my mother that my salary is lower than the lowest salary quoted in the brochure and that too when I claimed that I was in the top 10 of my batch!
I agree we had good placements but by any stretch of imagination the median and average salary couldn't be Rs 14 lakhs! So, to clear my doubts I contacted one of the members of our college's placement committee, who with an impish smile told me that all the figures were correct! I was at my wits' end. How could it be? I know I wasn't Einstien, but my high school mathematics comes to an end with mean, median and standard deviation concepts!
On further prodding, I was told about the method. The average and median salaries were calculated on the number of offers and not on the final accepted offers. Also, all the foreign salaries are converted to their INR equivalents and then added to the pool! Moreover, in calculation of the lowest salary the higher of the offers is taken into account for all the students. Confusing, isn't it? Let me explain.
Most of the schools have people with prior work experience and they have a separate lateral recruitment process where the salaries being offered are higher. Moreover, in most of the good B-schools a candidate can have multiple offers from different companies. (I can't go into the details). Now, suppose a guy is offered a Rs 25 lakhs package by a company with a not-so-good a reputation in the lateral recruitment, but has another ABC company's offer worth Rs 20 lakhs but finally signs up with an excellent company with a lower offer of Rs 10 lakhs (you may think the guy is crazy but a company's repute does play a big role in selection of final company), the average salary for that guy will be 25+20+10/3 = Rs 18.33 lakhs!
But he will finally get a salary of only Rs 10 lakhs. So, what is this figure of Rs 18.33 lakhs about? I don't know myself but in my view this figure doesn't have any relevance whatsoever.
Consider another scenario - if a guy is offered a salary of 48,000 in London (second most expensive city in the world), so during the calculations of all those arbit numbers, this 48,000 is converted to INR as 48000x80 = Rs 38,40,000! Whoaa! And this astronomical number will be added to the calculation of those numbers.
All those concepts of purchasing power parity, etc. fly out of the window and what we get is a nicely dressed up inflated figure of high average and median salaries! Since, I had a better offer at Rs 9.5 lakhs, which I rejected, during calculation of lowest salary amongst all the students the figure of Rs 9.5 lakhs was used instead of my final offer of Rs 8.14 lakhs.
My question is; is this fair? Doesn't it amount to misleading the gullible junta? The figures are factually correct but are they fair to all those wannabe MBAs who don't know the intricacies and are promised the moon by these institutions? When queried the answer from the "placecom" is all the institutions in this country engage in such practices. So, if we act morally and publish the saner data of average salaries of accepted offers we'll lose out to others.
The competition is so high that even the different programmes of the same institute engage in such petty one-upmanship. In our case, the newly started one-year GMP programme presented a very rosy picture of their placements and quoted a higher average salary than the 2-year regular Business Management (BM) and Personnel Management & Industrial Relations (PMIR) courses on which the reputation of the institute is built.
According to the grapevine, the GMP guys struggled for their placements and these figures were highly inflated just to give it a feel-good factor while comparing favourably with the more established BM and PMIR courses. But just like a false repeated 1,000 times doesn't become the truth, so also the practice of cooking up numbers by all institutions doesn't give moral legitimacy to this practice.
It is still unethical and wrong to present the dressed up data. Most of these institutions have a separate course on ethics but this practice doesn't come under the purview of ethical behaviour.
The bigger question is why do these institutions engage in such practices in the first place? It is because most of the MBA aspirants make their impressions of an MBA institution by the salaries being offered. Let's face it - money is the primary motivation for an MBA aspirant for doing his/her MBA except perhaps a few career-oriented ones.
All those answers regarding business knowledge, holistic perspective development and nation building parroted by students in MBA interviews as their reason for doing MBA are all gas. So for them salaries being offered in campuses, go a long way in their final decision of choosing an institute (except say IIM A, B and C). So, in the rat race of attracting the best talents, all the institutes do whatever in their powers to present the numbers in a way to make them attractive. And they get away with it because no one questions them and there is a readymade market of wannabe MBAs to lap up this "dis-information" (distorted information).
The media is also waiting on the wings to publish whatever is given to them and then create a halo around these institutes. Come on, how many times have you seen or read in the papers about the quality of jobs, the kind of job profiles, the quality of teaching staff, number of professors, infrastructure, pedigree, alumni network about the MBA institutes? But you are sure to see a headline grabbing front-page news that institute XYZ students bags a $100,000 job.
My suggestion to the wannabe MBAs is to look for better indicators before choosing an institute. It is best to talk to an alumnus of the college to get a fair idea. Get to know which are the companies who visit the campus regularly, the kind of job profiles on offer etc. And, when you are going to spend two years of your life at a place it is better to visit the campus personally before making a final call.
Moreover, instead of looking at the average and median salary offers, look for average and median of accepted final offers and the standard deviation amongst them. Don't put too much emphasis on the salaries being offered as in most cases they are CTCs (Cost to Companies) and not the take home salaries.
The $100,000 jobs, astronomical average salaries all look great on paper and make for an engrossing copy but do they present the true picture? I wonder....
I hope this makes for some good reading ... and some interesting discussion. 😃
v. v. relevant...
hi dis is manasi..a member of d new IIFM batch..
work ex of 6 months wid TCS Chennai..
can u tel more abt the field trips??
wats dere in d frst 20 days of IIFM??
keep smiling..
Hey Manasi! Welcome to IIFM...! First 20 days at IIFM? Classes are long and excruciatingly boring (u'll have no idea whts goin on!), but outside the classes it's pure fun coz there are no assignments to bog u down! There mite be mini outings during the orientation too - Bhopal yatra, Van Vihar National Park tour, Kathautiya forests trek... On the whole, it's a period of getting to know each other... This process is aided by blackouts at night... that's when u actually get to know each other real well...!!!
Field trips will keep happening in one subject or the other... some people get bored, others enjoy it, yet others learn from it! In any case, girls n boys, get ready with ur sunscreen lotions, gogs and water bottles... coz everything will be God-send once u r in a 'dry deciduous central indian forest'! And the fieldwork...? Aah... that's another world altogether... and u have some time b4 u start anticipating it...
hi people!! sorry for not makin my presence felt for the past week.. (didnt all of u thank d lords for it.. :D) finally my tenure as a s/w professional is over. have quit n enjoying now in delhi
anyway 1st things 1st..
hi manasi
welcome 2 d mad mad family of IIFM 2010 batch... :hurray:
as for the article put across by resol i think its so very apt and in dis cases IIFM is much more transparent in the sense it also puts down the in hand monthly salaries as complete pay packages r pretty much inflated..
Sids enlightened us once again on the orientation deals..
@Pramod
dude u can check out UBI as well. i enquired der n they dont need such a break up!! what is the interest% SBI is offering you?
@bikram,quark
where r u folks? whats cooking people?
@neuron
choose the college according to your interests dude!! am sure by now u wld have done enuf research on the curriculum of both colleges and where finally the insti cld take u. if u find yourself fit in those roles i guess u can go for that coll. its no point getting a 7 digit pay pack n den u realise u can hardly work in that environ n in that field of work.
am a firm non believer of these college ratings so just focus on ur field of interest.
Hiiii.......dis is Saransh Bajpai.......frm jabalpur.....i gt thru IIFM and m joining it......hope to c all u guys on 19th.......:cheerio:
Well batch mates let us delve into this question: What does an institution (IIFM) mean to you? I feel that the aforementioned question is very relevant and important for it is not only going to prepare us for the course but also for the stay. Further, we have to bear in mind that once we opt for an institution, our decision shall have lifelong consequences: career, alumni relationship, social standing, et al. My sole intent is cogitate on three broad parameters: how do we fit in the institution, what kind of intellectual, social, emotional and spiritual growth can we expect from the institution, and would we be better human beings once we pass out from the hallowed portals of IIFM.
Now, I would like to expunge a few ambiguities: by institution I do not the mean the bare physical infrastructure of IIFM but I'm referring to the intellectual capital and the human capital: faculty, batch mates and the staff; these three entities form the essence of the institution. However, we are very lucky: we have the privilege of residing in one of most beautiful campuses; so the beauty of the campus would merit an inclusion in the definition of the institution. We can always draw inspiration from the beauty of the campus. It would be our muse. Now it has also been observed that each institution has a distinct value system which shapes the institution. By value system I mean the culture of the institution, we can define culture as a set of rules which defines normative behaviour in the society. So, we have to consider the value system to see whether we fit in or not. Some persons wouldn't be comfortable in a culture where the human dignity and human spirit suffer at the cost of petty competition. Others thrive and relish in such a loathsome environment. There are few persons who would appreciate fair competition, subtle emotions, warmth, genuine bonding with batch mates, academic rigour sans petty competition and envy, to sum it all by and large these persons would respect human dignity and spirit. For them to excel academically wouldn't mean selling oneself, disregarding batch mates, petty competition, abhorrent politics and distasteful exploitation.
Now, we have to understand and find an answer to a very important question: What is the sole purpose of education? Socrates says that the sole purpose of education is achieving goodness. What is goodness? Aristotle propounds that goodness is that at which all things must aim at. So, those persons who think that the purpose to of education is to bag handsome job and salary, to have an elitist attitude and life style and to be arrogant are mistaken.
We have to see that our growth is our growth is holistic: social, emotional, intellectual and spiritual. For a person who is deficient in any or every quality is a pure product of failed education system.
Now then as far as the question of being better human being is concerned only time will tell.
My intention is not to pontificate. This is a bland post. Sorry. But this post has given me the forum to vent feelings and thoughts which have repressed for a long time.
PS: Indranil, this is the product of your prodding.
Now, I would like to expunge a few ambiguities: by institution I do not the mean the bare physical infrastructure of IIFM but I'm referring to the intellectual capital and the human capital: faculty, batch mates and the staff; these three entities form the essence of the institution. However, we are very lucky: we have the privilege of residing in one of most beautiful campuses; so the beauty of the campus would merit an inclusion in the definition of the institution. We can always draw inspiration from the beauty of the campus. It would be our muse. Now it has also been observed that each institution has a distinct value system which shapes the institution. By value system I mean the culture of the institution, we can define culture as a set of rules which defines normative behaviour in the society. So, we have to consider the value system to see whether we fit in or not. Some persons wouldn't be comfortable in a culture where the human dignity and human spirit suffer at the cost of petty competition. Others thrive and relish in such a loathsome environment. There are few persons who would appreciate fair competition, subtle emotions, warmth, genuine bonding with batch mates, academic rigour sans petty competition and envy, to sum it all by and large these persons would respect human dignity and spirit. For them to excel academically wouldn't mean selling oneself, disregarding batch mates, petty competition, abhorrent politics and distasteful exploitation.
Now, we have to understand and find an answer to a very important question: What is the sole purpose of education? Socrates says that the sole purpose of education is achieving goodness. What is goodness? Aristotle propounds that goodness is that at which all things must aim at. So, those persons who think that the purpose to of education is to bag handsome job and salary, to have an elitist attitude and life style and to be arrogant are mistaken.
We have to see that our growth is our growth is holistic: social, emotional, intellectual and spiritual. For a person who is deficient in any or every quality is a pure product of failed education system.
Now then as far as the question of being better human being is concerned only time will tell.
My intention is not to pontificate. This is a bland post. Sorry. But this post has given me the forum to vent feelings and thoughts which have repressed for a long time.
PS: Indranil, this is the product of your prodding.