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.

 

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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.

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.

“Essentials of Investing in Financial Markets”- a seminar hosted for VJIM students to give them a glimpse into the world of Finance

July 23, 2016, Hyderabad:WhenAjay Sharma- General Manager, Titan Company Ltd. and AbhishekVaish- Area Manager, Aditya Birla Money came down to campus to interact with the VignanaJyothi Institute of Management, Hyderabad students, it was one stimulating session of two hours. The talk was themed around the topic- “Essentials of Investing in Financial Markets”.

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Ajay Sharma talked around the transformation of the Indian Stock Market. He started from the situation of mid 1980’s and elaborated how the market evolved gradually till the mid 90’s when the Economic reforms came to picture. SEBI & NSE’s establishment brought the giant leap and the much-awaited transformation.Ajay introduced the students with the common, yet important terms used in the Stock Market that include- Intraday, Long Buy, and Short Sale.He also talked about the calculation of SENSEX & NIFTY and how to go about studying them to make wise decisions and interpretations concerning the market. The talk got even more interesting when he focused on the importance of fundamental analysis that any Investor or trader, must stress upon to get higher returns, with minimum loss. He even mentioned the 6 basic principles of Investments that include:

  • Power of Compounding
  • Diversity in selection

Ajay’s talk was frequented with anecdotes andpersonal experiences, which made students, relate to the address and respond to it better. It helped them broadly understand the efficient ways of selecting stocks to invest on. Ajay further ended his speech with some amazing quotes of Warren Buffet.

AbhishekVaish, Area Manager, Aditya Birla Money introduced the idea of financial planning, its importance and a roadmap to meet life’s goals through the management of finances. He mentioned the different classification of assets that include debt, equity & commodities. Abhishekexplained about the things to be determined by an individual before deciding the investment that include-

  • Liquidity Preference
  • Risk appetite

The seminar at large helped students review their fundamentals and gather more knowledge about the Financial Markets and the current scope of Investment in India.

Student Life – Sports And Games Lead To Overall Grooming Of Management Students

B Schools are not only the training ground for future managers but they are platforms that give birth to future leaders too. A sign of a top management institute is that it grooms its students into well rounded personalities and professionals. And Student Life – Sports And Games, other activities it promotes is elementary to that.

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That’s why as a management hopeful when you are looking for the best B School to enroll with, it’s an aspect you need to pay attention to as well. A renowned management institute like SCMS Cochin is a place that strives to create a holistic learning experience for its students. It means equal emphasis on the extracurricular that creates confident individuals.

Facilities to put your best step forward

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SCMS Cochin is an institute based in Kerala, which is rightly known as God’s own country. The lush natural surroundings, sprawling campus and diverse classrooms help students engage, learn and grow every day in the best possible way.

The state of the art campus also has sporting facilities that encourage you to step on the grounds, either as an enthusiast or an avid sportsperson. Cricket, football, volleyball, table tennis are just some of the sporting avenues that students can make the most out of.

Culture Clubs and fests

One of the important elements of studying at a B School is becoming aware of different cultures and transforming into a global professional. Events held on SCMS campus celebrate different cultures. The institute is also home to various clubs that offer exciting opportunities for students to showcase their talents and come into their own.

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Humane and Finesse are just some of the events organized at the institute for students from different specializations. Shikhar, the annual management fest on the other hand is a huge draw amongst students from all over the country. Together these Annual Cultural Programs encourage students to perform, organize and thereby gain in confidence.

Grooming socially conscious managers

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SCMS Cochin has always strived to create leaders and managers, who are aware of their responsibilities towards the society. It tries to do that through initiatives like Parivarthana that reach out to thousands of school children in the area. Future managers take on various responsibilities that teach them the importance of giving back to the society.

Thus through a thriving student life and a flurry of activities, the institute ensures that its future managers are well rounded individuals too.

SCMS Cochin Faculty Team Pillars Of Its Strength

There are a few hallmark features of renowned B Schools in the country. Of course the curriculum of their PGDM program matters because it makes students ready for the challenges of the industry. But at the end of the day the curriculum has to be delivered by faculty members, who keep things relatable for students. SCMS Cochin Faculty team is the backbone of the institute and adds immensely to the learning experience for students.

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SCMS Cochin is often the top choice for management aspirants who are looking to pursue their PGDM program in Kerala. The institute has gained its reputation on the back of its consistent record, which has drawn students from all over the country to it. But another major attraction for management hopefuls is the strong faculty team that has vast experience in academia and the industry as well.

The strong full time faculty team

Over the course of last 16 years, SCMS Cochin has managed to attract experienced academics, industry experts and others from the intellectual community to the institute. Today it has a strong 95 member full time faculty team that is not only known for its teaching skills but contributions to the world of management education as well. These faculty members are dedicated to the cause of imparting sound knowledge of management concepts and more to students.

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In fact, many of SCMS Cochin faculty team have several renowned research papers under their belt. Under the mentorship of these experts, students of the institute develop a research bent of mind, which is crucial to their future growth. Several of the faculty members are sought after when it comes to organizing MDPs. They share their varied experiences with students and remain accessible to them. Overall they inspire and encourage students to think out of the box and become future leaders.

Guest faculty and esteemed speakers

SCMS Cochin remains aware of the fact that to offer students insight into the real life corporate world, one needs to widen the resource base. That’s why it brings industry experts, entrepreneurs and professionals to the campus on a regular basis. These industry interface sessions offer an eye-opening experience to students. Some of the big names that have made their presence felt on the campus include Mr. Praveen Kamath, Global Head, WIPRO BPO Talent Transformation, Mr. Cherian Varghese, CEO Pristine Financial Services Pvt. Ltd, and Mr. T. P. Sreenivasan, Former Ambassador of India.

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International faculty members

Over the years the B School has also managed to foster relationships with academics, professionals and institutions from all over the world. It leverages these relationships by bringing top International faculty members to the campus to help its students get a global learning experience. Some of the names included in this esteemed list are Dr. Bijoy. K. Sahoo, Dean, School Of Business North Carolina Central University, USA and Dr. Beat Hulliger, Professor, University of Applied Science, Northwestern Switzerland.

Together these faculty members ensure that students of SCMS Cochin get a holistic learning experience, which sets them apart.

Part Time PGDM Program To Take Your Career To The Next Level

There is no right time to get an education that not only helps you learn, but enhances your career prospects as well. It’s particularly true in terms of management programs that can open new doors for you in your career. If you are a working professional who wants to give your corporate dreams wings, then Part Time PGDM program might be the way to go.

There are more management aspirants, who opt for part time programs than you might think. For some it might be a way of getting additional qualification while keeping up with their professional responsibilities. Others thrive on the challenge of managing tight schedules as they leverage their work experience to their advantage.

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Highlights of reputed part time programs

  • Some of the renowned B Schools in the country like SCMS Cochin for example, will offer PGDM Part Time along with their flagship full time programs. These part time programs are designed to help working professionals, entrepreneurs, executives boost their future prospects.
  • The program will be delivered by experienced names in the world of academia, who have industry experience to boot. They use modern teaching techniques to help students understand management concepts that they can then relate to experiences in the professional sphere.
  • One of the highlights of the program offered by SCMS Cochin is that it is held on Sundays and holidays. Thus though it emphasizes on academic rigour, things don’t get extremely hectic for students who also have to manage their professional responsibilities.

Important details about the program

  • SCMS Cochin offers a much talked about part time management program that is a good mix of classroom learning and hands on experience. Students who attend the program with their specific goals are equipped to meet them at the end of it.
  • Another advantage of opting for the program at the institute is that it has class strength of 30. It brings together students from different walks of life. It not only creates an enriching learning environment but each one of the students gets due attention.
  • Applicants for the program need to have at least two years of work experience. You should also have scored 50 % aggregate marks for your degree exams. Rs. 75,000 is the per semester fee for the program.

Part Time PGDM program is convenient, cost effective and hugely beneficial for your long term career goals.