IIMs are not your insurance plan! – PaGALGuY
Career and education, although we would like to associate these two actions in a coherent way, a confusing fact about them is the label associated with them. An IIM label on one’s master’s certificate doesn’t necessarily mean one has to make it big overall. Let’s understand this better. As practitioners, we meet quite a few professionals who have a label but who have never succeeded in their life. It is not the label or brand from which one evolves that makes individuals who they are; instead, its interdependence and pursuit of finesse in the line of work is the real game-changer. artillery to fire when needed.
Management training is the new Nirvana for millennials, chasing their dreams and finding an opportunity to succeed. Probably get into consulting jobs and companies with a tag of IIM or FMS or XLRI maybe and go to McKinsey or Boston or Deloitte and feel content with life and hope life is all rainbow -sky and sunshine after that. Not all cases are the same and not all aspirations turn into golden reality. Many eventually feel discouraged by their work and begin to pursue their passion in search of satisfaction and happiness; few do not even see daylight up close.
Let’s understand this clearly, most of the graduates of IIM evolve from IITs and NITs and the entrance examination patterns of CAT, XAT, CMAT, SNAP, etc., are more suitable for engineering students than others. channels.
At present, 85% of PGP students at IIM Bangalore are engineers. “Of those with an engineering background, about 28% come from an IIT and 22% from an NIT,” said Prof. Rajendra K Bandi (IIM Bangalore) (Source: Indianexpress.com).
T Muralidharan, HR and author of various employment-related books, said CAT is structured to suit engineering students as they have been trained for such competitions from the beginning. “CAT tests an aspirant’s math, English, logic and reasoning – the four sections that IIT students master. IITs are cosmopolitan in nature as both students and faculty speak English. Many activities extra-curricular activities continue to take place there, which puts them at greater risk,” says Muralidharan (Source: Indianexpress.com)
It is evident that, on the one hand, almost a million aspirants are trying to succeed in life with MBA/PGDM, and on the other hand, the chances of everyone succeeding are low. We did a reality check and figured out that thousands of aspirants attempt entrance exams, and no. of seats with IIM may be only 4 to 5 percent of the total. A simple question here, what about the rest? This is not a new observation that we are bringing to the plate; this has been a constant concern for centuries. A simple question here, what about the others? Aren’t they making it big or finding good enough careers? Are the doors and the leadership of the company an oversight for them? Nope!!!
India as a nation has 1/3 of the world’s B schools and about 1/5 of the world’s population. With the rise of IT, ITES and the service industry in India, the need for managers and management trainees is ever-present. So IIMs alone cannot fill the shoes here. Simultaneously, many Tier 2 institutions in India are doing a tremendous job in meeting the current needs of aspiring managers on a par with IIMs. Gone are the days when companies saw IIM as the one go-to mantra for their needs. With accreditations and constant auditing of curricula, learning and teaching methodologies in management institutes, these institutes constantly strive to meet standards and exceed measures to ensure added value. In fact, creativity, street-smart approach, intuitive approach, and emotional quotient are a few attributes that most IIM graduates lack due to the robust environment they grow from. It is something to be understood. 55% of students who attempt the CAT each year come from an engineering background, so what about the rest? Engineers are designed and built with analytical, logical, and reasoning skills, but there are other nuances in management training and management as an overall flow. Emotions play a huge role and being proactive is a trait no one can teach. It’s an instinct that the other lot has in their DNA. Creativity, out-of-the-box approach, linguistic flair and many other qualities determine day-to-day decision-making.
Tier 2 business schools do not just focus on the regular subjective or conventional aspects of management education, but they must focus on the overall progression of individuals, as this breed should have a set of artillery to shoot different from the other batch. IIM graduates are observed to have a strong analytical and framework approach. However, on the execution level, you need the support of the other clan, which is street smart and has a go-getter attitude. More often than not, we have found that the strategic framework designed by IIM students is par excellence. Yet, getting into the ground reality and ensuring successful execution and extraction of results requires the other wheel of the cart.
Tier 2 business schools focus significantly on personality development, communication, soft and hard skills, speaking, presenting, group dynamics, public speaking, mock trials and much more, which are not the focus of IIMs, given the nature and robustness of the program. These secondary league institutions add value to the aspirants by acquiring and focusing on different skills that need to be developed over time at the institute which ultimately makes a huge difference in the long run. Expression, assertiveness and immediacy are the essential keys to success. Don’t feel like a failure and think that life takes a break after CAT if they don’t succeed and make it to the big leagues in India.
With Bengaluru, Hyderabad, Noida and Pune as hubs of management education, the number of business schools that have evolved over the past two decades is enormous, and it must be said that their contribution in nurturing and filling the void that existed in the market two decades ago is overwhelming. As NBA accreditations and outcome-based education are primarily focused on the evolution of national education policy, business schools continually strive to ensure that they meet the requirements of authorized bodies, qu be it AICTE, NAAC or IAU. These bodies play an important role in how business schools should operate and provide education.
Most business schools are still trying to accomplish this; however, a few have managed to implement policies and mechanisms to comply and enforce the rules. The ultimate benefit of all of the above would be for the student community to learn through a values-based education system.
All is said and done; it’s not where and how you get there, but what you bring back matters. Many leadership and senior management roles are filled and directed by non-IIMs, and these people chose a different path and continued to struggle with hunger and fire in their bellies. To succeed, IIMs can give you a boost, but success is our destiny.
Apart from CAT, exams like XAT, CMAT, MAT, ATMA, GMAT, etc. are accepted by many business schools. The selection criteria are technically based on similar aptitude lines, personal interview, group discussion and diversity of entry grades and academic profile. Finding an opportunity to learn from these institutions should encourage you. Compared to IIMs from some of these major league institutes, the fees are between half and 75% of what the top 12 IIMs charge you. The most crucial aspect of all is ROI! The average fee for these business schools is between 6 and 9 lacs per year, while new IIMs are thinking about the range of 7 to 10 in reality. Most new IIMs find it difficult to compete with Tier 2 institutions in today’s environment, as the offerings are the same in both, but an IIM tag acts as an add-on in a few. It’s not far that companies are downplaying the importance of an IIM resume. Many students waste their time spawning and respawning for CAT and waste two to three precious years and end up settling for less and not only that, wasting time. Just realize that success is a race against time, not the position or the money you earn. People who are constantly striving to learn and keep up with this thirst to endure the burn, hesitating to make a few choices in life is always a matter of choice. It’s not what you hold that counts, but what we let go makes the difference.
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Abhijeeth Raj Heerekar,