10 Reasons why your MBA and Bschool’s Faculty pool determine a lot for you

You check the top ten. You skim through magazines, websites, surveys and ratings but then who and what to trust amidst the clutter? Before spending all that money over a Management course you might be constantly asking yourself the basic question- what makes a good MBA school or programme? The answer is an easy one- good faculty determines a lot about your MBA- more than you can imagine.

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  1. The importance of a good teacher has not changed even in today’s time. A good faculty is imperative in providing you the foundation upon which you’ll build your entire career in Management.

  1. Passionate educators, accomplished scholars and esteemed international business professionals usually come together to impart you your managerial wisdom and build it up to suit industry standards. Reason? They talk from experience. Google/ Wikipedia, does not.

  1. The knowledge that is imparted to you depends on the people who teach you, so once again the importance of good faculty cannot be overlooked.

  1. The books can only do so much. You need a good teacher to help you understand what you are reading, better.

  1. A teacher who imparts the knowledge of a sphere is not only the requirement for representation, but also a supporting plan for an individual to remain in the sphere of learning.

  1. In Europe, however, the mission of the university was changing from merely passing along existing knowledge to the creation of new knowledge, the process we know as research. A professor was no longer just a teacher; he or she was also a researcher. The concept of the Research-driven University was born. Today a good MBA is one, which has a lot of research-schloars or faculty delivering it. So give proper attention to the faculty list before narrowing down on your b-school.

  1. The business schools were often regarded as little more than trade schools, teaching case histories by telling “war stories” of questionable generalizability to other business situations. Business was for students who couldn’t make it in engineering or pre-med. Stung by this criticism, a few business schools in research universities took a hard look at what was being taught and began to carry out research in their own fields (Source- Forbes). That is when good B-schools started rising. Needless to say, faculty played the first and foremost role in shaping them.

  1. Good faculty does not only teach in a B-school but also uses his/ her strong professional network to help in placing students in good companies.

  1. A slightly lower rated B-School might have a better student success rate because of its faculty.

The most important thing about faculty being important is that the bond you forge with your teachers tests and decides the bonds and decisions you make in real life.

 

Things to keep in mind before Choosing an MBA college in Hyderabad

With the history dating back to 1591, the city of Hyderabad also popularly known as Cyberabad, never fails to surprise anyone. Being the new capital city of Telangana, the city has become the hub of IT industry and many other industries. With such tremendous economic growth, Hyderabad is attracting students not only from India but all over the world.

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An MBA degree has become extremely important for students nowadays. It is viewed as a kickstart one needs after if you encounter stagnation in your career. Many students pursue MBA immediately after college. However, with every college claiming to be the top MBA College in Hyderabad, it gets overwhelming for the students to choose the right one.

Here is a list of few points you should keep in mind before making any choice:

Thorough Research is important

Despite of everyone claiming to be the best, the truth is some colleges are really good while others are just average. Proper research would help you filter out the good ones from a pool of colleges. The official website gives information about the courses, placement records,  faculty, etc. Go through every small detail of the website. For example, there are several engineering colleges in Hyderabad, but the good colleges show a fantastic track record which you can see on their website.

The Faculty

Faculty is the most important factor in making any good College to be at the top. Teachers should identify their strengths and reduce the weaknesses of the students. They should always motivate the students and help them in achieving success. Once you have filtered out some good colleges, research thoroughly about the teachers. Get a clear idea about their professional background as well as educational qualification.

Ask Around

Try to contact Current students  as they could help you regarding the actual performance of the college. There are many colleges with awards, and good placement figures but in terms of quality, they fail to meet the wants of students. As around the current students or the alumnis as they have practical experience.

Curriculum

The syllabus is very crucial can’t be overlooked. It should be perfectly aligned with the student’s career objectives. Top institutions organize seminars, workshops and focus on giving practical exposure to their students.

With such huge costs involved in getting an MBA degree, it is becoming all the more crucial for the students to go for the right MBA college.

 

Integration of Human Resource and Financial Management – A key to Success of the Company

“You save tremendous amount of time, energy and money when you tap into the human resources of a business at every level.”  – Stephen Covey

Human Resources and Financial Management are viewed as drastically different from each other since time immemorial. HR Department with its motto, “People are the greatest asset” has always come in conflict with the Finance Department with their norm of “Cash is King”. But in reality, these two departments are “Tom and Jerry” of the company. They can’t live with each other and can’t live without each other. They both want the same thing in the end that is a successful and healthy company.

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In reality, a strong relationship between Finance and HR Department is the key to Business Success. Many Business Schools have begun to inculcate these changing norms in their Post Graduate Diploma Courses in India. A sense of cooperation and respect for each other’s work is taught to both the disciplines. This could go a long way in creating capable and talented managers.

HR Departments need Finance department to access their programs’ return on investment and Finance Department need HR Department in achieving higher corporate earnings. A healthy and cooperative relationship between these two leads to positive business outcomes. A strong relationship between the two leads to improvement in employee productivity and engagement, and higher corporate earnings.

Both the departments have good and bad in them. The dream of a happy and successful company can be achieved  if Finance learn the goods of HR and vice versa.

Things Finance can learn from HR

Finance people are not very popular in  the company due to their tough decisions that often poses a negative impact on the morale of an employee. Finance can learn two most important things from HR:

  1. Not everything can be measured in terms of profit and loss. It can be difficult to quantify a program or benefit designed for boosting employee morale in terms of money.
  2. The company is run by humans and not machines. Finance managers are tasked with making difficult decisions in order to ensure the constant growth of the company. If HR managers are included in long term strategic plans, the possibility of their success would increase manifold.

Things HR can learn from Finance

HR departments are dealing with the human aspect of the organisation. They deal with the biggest cost element of the company, the employees. HR can learn two things from Finance:

  1. HR need to quantify personnel investment. After all enhanced productivity or sales or brand value are the ultimate goals.
  2. HR Managers should learn how to make use of People Data in influencing decisions relating to business goals and performance metrics.

A Partnership for A Happy and Successful Company

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Successful collaboration and cooperation between CFOs and CHROs can be achieved when members of both departments put time and effort to understand and learn from each other. Together, solid finance and HR teams can develop strong and lasting partnerships that can help achieve a faster and efficient growth.

3 Steps to ensure Better Decision Making

Join the PG Diploma in Business Management to succeed in life

Decision making is an art of weighing inputs such as risk and data on one hand and emotions like uncertainty and fear on the other. It is always argued that qualities like leadership, decision making etc are inborn and cannot be acquired. Well! I would beg to differ. These are the qualities that are learned from experience and acquired over time. That is why, group projects are a basic part of all Post Graduate Diploma Courses not only in management but in all types of courses.

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There is a common perception that only top level managers are a part of decision making process. However, Managers do have an important role to play when it comes to lower level decision making. In our PG Diploma in Business Management, Group Decision making is the most important part of the Management Development Programme.  Special emphasis is laid on 3 steps while teaching Decision making.

Step 1 – Think Out of the Box – Breaking the traditional Frame

Psychologists Daniel Kahneman and Amos Tversky wrote an insightful paper called The Framing of Decisions and the Psychology of Choice. They explained two things through this :

  1. We do not treat losses and gains equally. It is basic human nature to look at the prospect of a loss more powerfully than the promise of a gain.
  2. Before coming to any decision, it is within human nature to place mind frames around the problem. These frames once created largely affects the decision making process.

So it is very important to break these frames and think out of the box. The brainstorming sessions are a great way to do that. When we discuss a certain problem with a certain set of individuals, we receive both acceptance as well as repulsion to our decision helping in breaking the frame and hence a better decision.

Step 2 – Power of Comparisons

Dan Ariely, professor of psychology and behavioural economics  at Duke University, explains in his book Predictably Irrational that “Most people are not aware of their wants and aspirations unless they see it in some context.” He says, “Relativity is the lens through which we view the world and it’s everywhere.” but the only problem is,  “We not only tend to compare things with one another but also tend to focus on comparing things that are easily comparable—and avoid comparing things that cannot be compared easily.”

So that’s the catch. Comparisons if done wisely can go a long way in an effective decision making process. Therefore, some criteria needs to be set before starting the process altogether. Parameters need to be decided to judge the success and failure of the decision making process.

Step 3 – Magic of intuition backed by the whole team

Psychologist Daniel Kahneman, in his book, Thinking, Fast and Slow, explains intuition beautifully. He says, “Expert intuition strikes us as magical, but it is not. Indeed, each of us performs feats of intuitive expertise many times each day.” Intuition comes from experience and it can be in any field possible.

Expert intuition can be a hindrance to group decision making process. However, if seen from different perspective, group discussion can help hone that intuition converting the raw intuition to a result-oriented decision capable of reaping benefits in long run.

10 REASONS WHY DOING A PGDM IN HUMAN RESOURCES IS A MUST FOR HR PROFESSIONALS

PGDM (Post Graduate Diploma in Management) can be a very powerful tool in the hands of people who are in-charge of managing the people. A work place is based on the people who work within the walls and outside and Human Resources is what ties it all together.  To understand people in a more comprehensive way, a Post Graduate Diploma can go a long way. A Post Graduate Diploma in Management is more practical and industry based as opposed to an MBA, which is more theoretical in its approach ad oftentimes the curriculum taught in universities is outdated.

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  1. The chances of securing a better pay increase by manifold after securing a Post Graduate Diploma in Management. It lets you stand head above shoulders in a hoard of MBA graduates and gives you an edge.
  2. It ranks better than a BBA/MBA in most job markets, hence securing your future chances of employment and viability in the HR job world. A general MBA is not very credible these days. Your specialization will say a lot about you.
  3. It is shorter in duration and you need less time than a full time course. Of course, all the intensity is packed in, but in a shorter time period.
  4. A Post Graduate Diploma in Management(HR) gives you a vision not only of your life but also an insight into human behaviour and capitalisation of resources that people have to offer.
  5. The curriculum of PGDM(HR) is tailor made for HR professionals.
  6. Project Management Skills are a must to have for an HR professional. Every work place has stagnation that sets in when projects are announced. How to navigate and bring people together is what Post Graduate Diploma in Management(HR) is about. It teaches you to manage people and manage them well.
  1. Your Communication Skills & Public Speaking Skills improve drastically with this course and play a huge part in shaping you as a leader. It sharpens your mind and equips you for surviving and thriving in the workplace.
  1. Your Social & Interpersonal Skills get heightened when you are trained for Human Resource management. You become a leader, a better human and an exceptional professional.
  1. Most US schools prefer it to an MBA when considering you for an admission into doctoral studies apart from working in HR. If want to really take your academic pursuits higher while still being an HR professional, it might help but will never hurt.
  1. A Post Graduate Diploma in Management(HR) isn’t generic like an MBA. In MBAs you get lesser choices. In Post Graduate Diploma’s you can choose HR to make yourself a better HR professional.

5 MBA COLLEGES IN HYDERABAD TO CONSIDER

If Hyderabad and an MBA are things weighing on your mind, then below are few colleges you might want to consider while trying to give your future a good foundation. We combed through the finest institutions in the city and picked what we felt are the right fit for you provided you have good score to back the application up. Have a look at the top five!

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  1. Indian School of Business (ISB) – This a private organisation and was founded by two senior executives of McKinsey & Company. This institution strives for excellence and has been ranked 29th in the world in the 2016 Financial Times Global MBA Rankings. Apart from MBA the popular courses on offer consist of Post-Graduate Programme in Management , Post-Graduate Programme in Management for senior executives, ISB Biocon Certificate Programme for Business Analytics, Management Programme for Family Business and many more. It even offers scholarship to ten national/international students.      vjim
  2. Vignana Jyoti Institute of Management – VJIM – It is a private institution in the heart of Hyderabad and makes sure to provide you opportunities that will give you a brilliant future. Their website lists intensive induction and orientation, Personalized Student Mentoring System, industry oriented curriculum, weekly institutional seminars, good placements in reputed MNCs and a strong alumni network.

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  1. Osmania University College of Business Management – A part of the Osmania legacy, the college of Business Management is a good institution to opt for an MBA at. It is a public state university and was founded in 1918. University College of Commerce & Business Management that deals with students aspiring to get an MBA, is ranked at the 46th place among the business schools in India by Outlook.

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  1. ICBM – School of Business Excellence This business school in Hyderabad is turning 25 this year and for that last 25 years, it has delivered on the promises of great curriculum, followed by great teachers and in general, brilliant infrastructure. If it is the city nizams that calls you for your MBA, you might want to give this a shot. It is the first B-School in Hyderabad and 3rd in India to get ACBSP, USA accreditation which makes ICBM-SBE globally recognised and praised. It also offers great alumni support and placements at great MNCs.

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  1. Siva Sivani Institute of Management – SSIM – The Siva Sivani Institute of Management was established in 1992. It is an AICTE approved institution. Its sits on the AICTE approved Autonomous Business Schools in India with ease and offers a great deal of full time management programs and excellent placements to students.

Faculty Development – An Integral Aspect Of Ensuring Expert Guidance To Students

Today, with most such colleges and institutes offering a global exposure to the MBA aspirants, it has become essential for the faculty members to adapt a similar outlook and approach towards training. This not only increases the level of engagement of the students but also ensures better interaction between the faculty members and students resulting in an enhanced learning experience.

It the awareness of this basic fact the makes the top ranked MBA colleges and institutes to invest in Faculty development programs for their teaching staff. In fact, leading institutes such as VJIM, which boast of having the best PGDM faculty in Hyderabad, are known for regularly organizing Faculty development programs to help the professors and teachers take benefit from the expert advice provided by the resource persons conducting the program. In most cases, these programs are aimed to help the faculty members overcome the various challenges that they face in their everyday life due to the rapidly changing face of the education system and environment. Some of the key issues that these programs teach the faculty members to deal with are as follows.

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Moving Out Of Traditional Teaching Roles

One of the biggest challenges faced by faculties today is to go beyond their traditional roles of classroom teaching. Modern day faculties need to possess not only excellent teaching skills, but also the ability to conduct online courses, use the different educational tools in a manner most beneficial to the students and in many cases, even engage in tasks that are not a part of their discipline. The Faculty development programs provide the professional trainers with the most appropriate solutions and methods to not only acquire these essential skills but also enhance their technical knowledge to make them capable of organizing their courses and learning material in an efficient manner.

Balancing Work And Other Responsibilities 

Most faculty members find it extremely difficult to create a perfect balance between the different roles they play on a college campus. As they juggle to manage the responsibilities of a teacher, a scholar, a guide and even a colleague, most educationists feel frustrated and even depressed. The situation is even worse in case of female faculty members, who often need handle the roles of being a housewife and mother in addition to the above responsibilities. The faculty development programs offer education about time management in addition to suggesting the best ways to handle work and family issues in a balanced manner, without losing focus of teaching and learning.

Ensuring Enhanced Interaction And Engagement Of Students

In the modern education scenario, it has become increasingly important for the faculty members to ensure better interaction and engagement of the students. The faculty development programs train the professionals about the various aspects of ensuring increased student involvement. They make the professors aware of the importance of making every lesson interesting with the help of different educational tools. This not only ensures helps in generating a sense of curiosity amongst the students but makes them participate actively in discussions related to the topic. Consequently, the level of engagement and interaction between the faculty and the students rises automatically ensuring better performance and results.

Details Of The Admission Process At VJIM, The Leading Management Institute In Hyderabad

Pursuing a management course from a highly renowned institute can make a huge difference in ensuring a successful career for a management professional. That is why most management aspirants work hard to gain admission in the bet and top ranked colleges across the country. However, in order to succeed in their endeavors, the aspiring candidates need to be well aware of the admission process followed by different institutes. Sadly, most candidates tend to focus only on obtaining an excellent score in the various qualifying exams. However, even though the test scores play a vital role in the admission process, they are not the only criteria considered by the institutes for offering admission to the deserving candidates.

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VJIM, rated as one of the best management institutes in Hyderabad, has been following a well established admission procedure to help its management select the most deriving candidates. The institute, which was established in 1983, has emerged as one of the best business schools offering world class education to management aspirants. The institute offers three different PGDM programs with dual specialization, marketing and a general program. Each of these courses is of 2 years full time duration and are approved by AICTE and accredited by NAAC. For students seeking admission in this course considered to be at par with an MBA program, given below are the details of the admission process for PGDM 2016.

  • The students need to apply for a program of their choice by downloading the application form from the institute’s website at http://vjim.edu.in/application-form/. The properly filled application form is then to be submitted to the institute along with a DD of Rs. 1000/- drawn in favor of “Vignana Jyoti Institute Of Management” at Hyderabad.
  • Only candidates who have completed their undergraduate program from a recognized university, or are appearing in their final year exams are eligible to apply. Those who apply after completing the undergraduate program should have obtained a minimum of 50% aggregate marks to be considered eligible for admission.
  • VJIM recognizes the various all India test scores, which include GMAT, CAT, XAT, MAT, ATMA, CMAT and ICET. The test scores are give 30% weight age and a MAT score of 100 is considered equivalent to the CAT score of 40, C-MAT score of 100, ATMA score of 120 and GMAT score of 60.
  • The overall evaluation system for the admission process is based on the weight age system that includes the test scores for classes X and XII, degree program, all India test score, work experience, group discussion and personal interview. The weight age for each of the above is 5%, 5%, 10%, 30%, 5%, 10% and 30% respectively.
  • Only the candidates, who meet the entire basic educational test score criteria, are called for GD and PI. Their overall performance in these two areas determines their success or failure in gaining admission at VJIM. Unlike other institutes, candidates without any relevant work experience will not be considered eligible for admission to the institute.
  • Once the candidates receive the admission offer, they are provided a maximum period of seven working days to accept the offer and pay the registration fee.