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B-Schools Tackle Risk Management

Aaron F. Cooper II, a self-described worrywart, never thought his penchant for devising foolproof backup plans could translate into a calling. But that all changed when he signed up for an elective in risk management while at the University of Georgia’s Terry School of Business executive MBA program last fall. “It entails pretty much everything I’ve always been interested in my entire life, even before I knew risk management existed,” said Cooper, 27, a telecommunications engineer at AT&T (T).

Cooper is part of a new wave of students hitting business school campuses. For years, risk management—the process of analyzing exposure to risk and determining how best to handle it—occupied a sleepy corner in business schools, a subject mainly of interest to those who want to enter the insurance field. But with the recent turmoil in the financial markets and a push for more accountability, risk management has rocketed in status at business schools.

In the past decade, a growing number of B-schools have added concentrations in the subject, ramping up the number of classes they offer. Executive MBA programs are also incorporating risk management electives into their curriculum, responding to increased demand from executives and companies. In some instances, schools such as Georgia’s Terry are developing custom programs on the topic for top executives and boards of directors.

More : businessweek.com

Education fair for MBA aspirants in Delhi

The QS World MBA Tour, the world’s leading series of career and education events, will organize a one-day fair for aspiring MBAs in the capital tomorrow.

The MBA fair will be held at the Hyatt Regency (Ring Road) in New Delhi tomorrow between 2 pm and 6 pm.

More than 30 B-Schools from across the globe including Toronto -Rotman, IE Business School, Bond, Cornell-Nanyang, Ashridge Business School, Hult, U21 Global, Durham and ESMT will participate in the MBA fair.

The London School of Business & Finance, the only UK based institution to offer dual programmes combining an internationally recognised MBA or MIB with ACCA, CIM, CIMA or CFA qualifications, will also be a part of the MBA fair.

Participants of the QS World MBA Tour, which will visit 50 cities in 32 countries this year, include 17 of the top 20 US business schools and all of the leading European business schools.

The fair will provide students a chance to interact with the leading international business schools and short-list the best option available to them.

Nunzio Quacquarelli, Managing Director of QS told NNE, “It is the perfect chance to make an impression face-to-face with the very people reading your application forms, and that is invaluable to gain an edge in this tough field. The QS World MBA Tour provides the best step in the application process, the opportunity to ask intelligent, tailored questions on topics like personal fit, career opportunities, school specializations and financial aid.”

More : indiaedunews.net

Why get work experience before enrolling for MBA

B-Schools are increasingly roping in a number of younger and lesser-experienced MBA aspirants.Ross Geraghty delves deeper into this trend while mentioning that it is still advisable to gain considerable work experience before enrolling for a business programme.

Unlike for most educational courses, for an admission to an MBA course,a minimum of three years of work experience in a managerial role is crucial. This figure can be higher in some cases.

In rare cases will a institute accept recent graduates. This, too, is done for exceptionally talented students.

More : economictimes.indiatimes.com

Tax Rebate, AICTE direct B-schools

The All India Council for Technical Education (AICTE) action plans, students and their parents and complaints issue showcause notices management of schools and universities that are not tuition reimbursement and keep the certificates original university students wishing to change their school before the academic course begins.

The technical training corps plans direct regulation on institutions refund all fees charged by the student, after deduction of processing fee not exceeding 1000 R

If the student is leaving after his admission to the course and the seat is not occupied by the last day of registration, the establishment is still seen relatively tax deduction of monthly tax and relatively rented the hostel Youth.

There are about 1100 B-100 schools and universities in India.

Last year, AICTE has received complaints from students and parents, against more than 100 schools of management, that there Director approximately 70 per cent of fresh settlements

GM results IIM-B housing on campus from scratch.

The biggest carmaker, General Motors, India’s capital was head hunted silicon, which offers a lot of 2005 on the conclusion of the Indian Institute of Management, Bangalore - Shanghai China a detachment of its establishment.

It is a unique double for the institute, which since the existence of the last three decades. While the GM head hunting is probably fairly well, it is perhaps for the first time that the Middle Kingdom would be the best after a taste of India’s most prestigious B-schools.

Turning to the figures. Against five companies during the year 2004 for the location zero (the first day of qualifying period), the number this year is almost three times. The newcomer to this year are HSBC, British Petroleum, Barclays, General Motors and Bank of America.

The list of companies in 2005 to zero Slot Board consists of three companies - McKinsey, Boston Consulting Group (BCG) and AT Kearney.

Said Gauri Gupta of BCG: “The 2005 is well on track, particularly in analytical representation of a high degree of maturity.”

Other hirers contain a mixture of investment banks and industrial products.

Officials, which provides details have not yet been calculated, but seemed confident that these would be higher than those of 2004.

While Capital One has leased for New York, British Petroleum, it is anticipated that the supply of Singapore. HSBC is the attitude of New York, London and Hong Kong, while Deutsche Bank would recall staff to London.

One of the biggest banks in France, BNP recruitment, London, Singapore, Hong Kong and Tokyo.

The second day of negotiations, it is the turn of the usual suspects-FMCG majors like HLL and P & G. In addition to these two Citibank is also the second day, which is also the National Kidney Foundation, Singapore.

IIMS not the end of history.

After dumping taxes in the six IIMS, the HRD ministry has its eyes on other B-schools in the country.

The ministry is governed by the All India Council of Technical Education (AICTE) to follow the recommendations of the UR Rao Committee and the state fee committees, once their reports, Slash and costs of all schools B.

Among the prominent institutes, which is perhaps in the line of fire of the line Indian Institute of Foreign Trade (New Delhi), Jamnalal Bajaj Institute (Mumbai), Symbosis (Pune) and XLRI (Jamshedpur). There are over 600 institutions managing the AICTE, all may have to reduce their costs, less than Rs 40,000 per year, ministry officials sources said. Currently, fees range from 60000 to R RS 1.5 lakh.

The UR Rao Committee has already, with its recommendations, which were used by the ministry to justify its decision to reduce taxes on IIMS 80 per cent. A Ministry said government sources charges committees its recommendations to the AICTE within two months.

Management meet.

MBA students of the Institute of Management in Kerala (IMK) are organising a South Indian Management Meet, christened ‘Mania-2004′, here on August 7 and 8.

IMK is the Faculty of Management Studies, the University of Kerala, and operates from the University Campus, Palayam, in the city. ‘Mania - 2004′ will be the 10th edition of a regular annual feature in IMK’s scheme of things right from year 1994.

According to student representatives of IMK, ‘Mania’ enjoys the patronage of reputed business houses across South India and draws participation from premier B-Schools. Last year, 21 institutions had participated and the Institute of Financial and Management Research (IFMR), Chennai, won the overall championship.

The best B-schools: National Institute of Management, Calcutta

National Institute of Management (NIM), Calcutta, 69th place (with a total score of 432.76) in the Cosmode Management Research Centre-Business-Global Survey 2003 of the best business schools in India. The survey was billed as the collection of data used a ladder to reach ordinal ranking relative. India has about 840 business schools, management of 65000 graduates a year. The rankings were based on estimates of key parameters in nine: Rank (which had the maximum weighting of 300 points for a total score of 1000), Faculty (200 points), academic institutions, industry and the network interface and innovation (100 points each), implementation of the programme (75 points), programmes and cinema visits (50 points) and expenditures scientists (25 points). NIM has scores of placement 133.21 points, 56.49 points faculty, 62.58 points out of academic institutions, 67.99 points at the interface of industry, 25 points on networking and l innovation, 60 points in the delivery programme, 13, 41 points on cinema visits and 14.08 points for university expenses.

Best in Class (main factor that separates a top school in the rest of the Faculty and teaching).

India had 840 Business Schools (B schools) from March 2002, which have 65,000 Masters in Business Administration (MBA). A survey by Cosmode and the World Series Indian Institute of Management (IIM) Ahmedabad in the first top-10 B-schools in 2003.

– IIM Bangalore, Calcutta, IIM, IIM Lucknow, National Institute of Industrial Engineering, Mumbai, Management Development Institute, Gurgaon, Xavier Labour Relations Institute, Jamshedpur, SP Jain Institute of Management and Research, Mumbai, Faculty of Management Studies, University of New Delhi, Delhi, J and Shailesh Mehta School of Management, Indian Institute of Technology, Bombay, follow Indian Institute of Management, Ahmedabad. According to the survey, the main factor that separates a top school is the rest of the Faculty and teaching, the others are research, publication and consultancy. On an average edge of the addresses of schools B-50 full-time professors, 73 percent with a promotion. The second phase of the school has 24 full-time professors, 47 percent with a promotion, while the third stage, 17 full-time teachers, of whom 35% have a doctorate.

The number of books published by the school average of 11.53 with the top-15, against 3.28 for the second phase of 25 schools and 1.08 for the remaining 60

On average, Management Development Programme Guidance and revenue amounting to Rs312.84 lakh for the Top 15, Rs42.38 lakh for the next 25 and Rs6.49 lakh for 60

Start below.

A trainee management is a management internship is a Management Trainee, n’est-ce pas? Well, not quite. No doubt, the Management Trainee (MT) is quite the end of the corporate food chain, but apparently there is an ecology intelligent stipulates that the microcosm. What does a TM-like leaders of arrivals is not the same as another, and that the qualifications and demand and supply equation very case. Would proof? Take a look at the BT-Omam Management Trainee content Survey 2003, focuses on the compensation of more than 100 companies in 17 sectors. While the average annual earnings operates under RS-25 lakh 3.20 per cent less than what Junior managers in these areas, intra-industry average much higher: 5 lakh RS, in the case of FMCG, a depression R 2.14 lakh for restaurants.

Although it only covers part of the dynamics of MT compensation. To give an idea of what is actually happening, we need to understand the difference in pay between MTS and junior managers. Indeed, this shows two things: first, as regards the labour market at this level is looking and two, as an employer is ready, its “Fast-Track-white-collar apprentices. It is not surprising that the sectors which, in a crescent halsbrecherischen the peak speed. Take telecommunications, for example. Here, the difference is only 9 per cent, followed by council (10 percent), banks (11 percent) and BPOs (14 percent).

East interesting to note the difference of two-wheelers in industry (6 percent) is the lowest, but it should not be an accurate indicator for change at ground level. Why? As a traditional production industry, it probably has a significant number of workers in blue, were up in the management of Junior, but on the basis of low wages. Says Sulajja Firodia Motwani, Joint Managing Director, Kinetic Engineering: “We have a lot of people from the administration, accounting, etc. under management Junior. But we rent m B-schools-known, most often in late jump from junior level. ” In societies, LG, where there is no significant difference in the qualification of junior managers and MTS, wages are calculated on the basis of skills and merits.

Still, in all sectors of the economy, manufacturing services, level of vocational trainees were quickly on follow-up to managerial level, simply because it is competent in management tools and techniques which are now an integral part of any decision-making process. Even Bilt, a paper producer, places MTs directly to the managerial level, once they were confirmed. Says Tapan Mitra, director of human resources in the BILT: “A lot of juniors in our front line management supervisors are mainly shop floor manager. Apprentices But with its application capabilities can even skip the junior level management.”

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