Guidelines for Accessing the Suitability of PG Courses in India as per Student Needs

The popularity of post graduate education in India has been on the rise over the past several years. Apart from the steadily rising competition in the business marketplace, the need and demand for qualified professionals within business organizations has also enhanced this trend. However, with such a huge diversity of PG courses in India to choose from, most candidates find selecting the right course somewhat difficult. The best way for the aspiring candidates to overcome this problem is by learning to evaluate the various courses on the offer as per their needs.

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Does The Course Meet Their Career Objectives?
The candidates should gain detailed information about the various aspects of the course they intend to pursue and how it can help them meet their career objectives. The course should not only provide them with the requisite in depth knowledge of a specific professional niche, but also train them in the skills that will prove critical for their career advancement. It is important for the candidates to avoid pursuing a course that does not fulfil these two basic needs.
Level of Convenience for Pursuing the Course
Another important factor to be considered for evaluating a PG course is the convenience of pursuing it. This means that the aspiring candidates should make sure that they do not have to fulfil specific conditions for pursuing the course of their choice. These conditions might include having completed prior education in a specific field, or the need to undertake additional studies for successful completion of the course, or even the need to fulfil the requirement of a minimal work experience. In case, the candidates are unable to fulfil any of the requisite conditions, completing the course successfully might be both difficult and inconvenient.
Is The Course Industry Recognized?
In general, the ultimate objective of the candidates planning to pursue a postgraduate course is to establish a successful career. However, if the course is not industry recognized, they stand no chance of fulfilling this dream. In fact, this is one of the major reasons that lead a majority of candidates to seek admission in the top PGDM colleges in Hyderabad and other cities across the country. These colleges and institutes are least likely to offer any courses that do not hold valid industry recognition.

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Affordability of The Course: Finally, it is important for the aspiring candidates to ensure that the course they intend to pursue is affordable for them. With most top colleges and institutes seeking a relatively higher fee, this factor often plays a deciding role in accessing the suitability of a program. Thankfully, the easy availability of education loans with flexible repayment terms ensures that even students from poor economic backgrounds are also able to pursue a course of their choice. However, even after availing the education loans, the candidates need to consider the other expenses that they will have to bear until the completion of the program.
Only after analysing the above factors in depth, should the candidates select a course that they feel meets not only their career objectives but also matches their inherent skills. This is essential to ensure their success in the profession of their choice.

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Teaching Management Aspirants The Most Important Life Skills

The demand for qualified management professionals has been on the rise
over the past decade. This has in turn led to the immense popularity and
growth of different types of management courses provided by countless
universities and institutes across the country. While it is an undeniable fact
that these courses aim to open a world of opportunities for the aspiring
management candidates, most people tend to overlook their other equally
important aspect. This is about teaching the management aspirants the
below discussed essential life skills that can pave the way for their success
in both professional and personal lives.

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Decision Making: One of the most important skills that professional
managers need to possess is the ability to take the right decision at the
right time. The best PGDM colleges in Hyderabad focus on imbibing this
essential trait amongst their students so that they can take major decisions
in a confident manner. In fact, the course curriculum helps the students to
not only understand the need for proper and timely decision-making for
ensuring consistent business growth but also the right way to go about the
process. The students learn to thoroughly analyze the various aspects of
the decision and its benefits for the organization as well as the ability to
shoulder the responsibility of any consequences.
Team Work: Another essential skill that the students get to learn as a part
of their PGDM curriculum is that of team work. It is a well-known fact that
team work plays a critical role in growth and success of any organization.
However, most people believe that this aspect is applicable only for junior
level employees, although the significance of team work amongst mid-level
and senior managers is equally, if not more important. It is the awareness
of this fact that leads the colleges offering courses of PGDM in Hyderabad
to help the students understand the significance of team work and become
a competent team player.
Global Outlook: The modern world is becoming smaller with each passing
day in terms of the completion and interaction between international
markets. Hence, for any manger to take his/her organization to the next
level of success, it is essential to possess a global outlook about everything.
The managers need to not only keep themselves updated about the
developments and changes within the local marketplace but also about the
things happening on an international level. It helps them to better
understand and predict the changing client needs and expectations and
devise the most appropriate strategies to fulfill them in a successful manner.
Time Management: Finally, it is extremely essential for the managers
today to possess the skill of time management. This key skill can help them
to avoid any delays in decision-making which can deeply impact project
completion and other critical business processes. It also helps them to
ensure that all the management tasks are carried out in a smooth and well-
coordinated manner. In fact, efficient time management is the key to
ensuring the consistent growth and profitability of an organization in a
hassle free manner. Learning and implementing this skill as a part of their
education, ensures that the students gradually become habitual of it.

PLACEMENTS 2017 AT VJIM INDICATES AN EVEN MORE SUCCESSFUL SEASON AHEAD FOR CLASS 2018

When picking up Business Schools, the one thing that’s always at the back our minds is the fact that we need to get placed and placed well. In this regard, Vignana Jyothi Institute of Management (VJIM), Hyderabad, one of the top PGDM schools in the India has maintained a stellar over the past few years and ensured that not only do its students get quality education they get exposure and finally assimilation in the mainstream professional world.

Looking back at 2017 is a powerful talisman of what can be very well expected in 2018. Droves of FMCG companies, tech companies and even real estate firms sweep in to hire VJIM students for their unique grasp on management education.

Deloitte, ITC, Tech Mahindra, TIME Education, Conduira Online, ICICI Bank, HDFC, Shriram Housing Finance wile the rest were picked by AutoRabit, Schindler, Fitch Ratings, Nestle Godrej Consumer Products. The average salary so far touched Rs. 5.4 lacs per annum with eighty percent median at Rs 5.0 lacs pa. The minimum salary offered to a student this year was Rs. 4.0 lacs per annum and highest offered, was Rs. 6.5 lacs per annum.

The placement brochure of Vignana Jyothi Institute of Management says that they strive to provide differentiators that cannot be termed ‘ordinary’ or ‘suitable for all’. They do believe that the so called competitive differentiators i.e. aspects that make VJIM unique when compared to other players in their field. It forms the basis of their success and will allow them growth in a competitive and dynamic business market environment.

Students who were asked look into the past, they were filled with pride that they who once who once studied at VJIM are now working with giant conglomerates and are fraternising with top people in the industry. Vignana Jyothi Institute of Management trains them well within the framework of rigorous curriculum and moulds them a certain way which really shine at the Alumni Meet. The alumni network believes in carrying forward the people who study and helping them around and beyond placement.

To put it in clearer terms let’s hear what an alumni, Michael Jackson, placed with ACT Fibernet has to say, “VJIM was an opening to a new culture, a new language [and] new environment. It transformed me to a socially responsible manager. And I strongly believe that patience and perseverance are the key to success.”

Admission is now open for PGDM Class 2017- 2019. For more details, visit: http://www.vjim.edu.in

How J. V. R. Ravikanth of VJIM, Hyderabad bagged placement through a National level process involving 2000 candidates?

Mechanical engineer J. V. R. Ravikanth of VJIM, Hyderabad, one of the top PGDM schools of Hyderabad had four years of work experience as a Sales Engineer with a manufacturing company. But he believes that his professional journey was inadequate as he didn’t even understand the concepts of sales and marketing. Doing his PGDM at VJIM, Hyderabad helped him grasp the concepts, get practical exposure and reposition himself in the industry. The confidence helped him ace the National level placement process for a noted brand like Berger Paints.

Ravikanth was chosen as a Sales officer trainee amongst 2000 participants from all over the country. He talks to us about the rigorous placement process and how he came out trumps.

Stealing the show in National level placements

The placement for a renowned brand not only had aspirants from all over the country competing but also included four demanding rounds. The written test was followed by a Group discussion with company representatives, an interview with a panel including GM – Marketing & HR Manager, and video conference interview with VP (Marketing), Area sales manager, HR Head & one HR executive.

If that wasn’t intimidating enough, Ravikanth reveals the unique nature of each of the rounds. “The GD focused on logical questions and decision analysis where they were looking at our body language, communication skills and ability to analyze situations. The first interview also required us to know the basics of marketing while the video conference focused on our selling skills and communications. I felt I had the right background to make an impression,” he says.

How he got his prep on at VJIM

According to Ravikanth, VJIM, Hyderabad enhanced his understanding of various industries through class assignments, term papers seminars and conferences. He also talks about his SIP with GMR Hyderabad International Airport, which boosted his learning. “My project was on the Business excellence model of GHIAL. Sometimes more than the brand of SIP company, it’s the experience you get is crucial for your future career,” he says confidently.

Ravikanth admits that he has gained this confidence with his PGDM, and wants to use it in his work space to develop an understanding of the processes and become indispensible to the company. Participating in Chrysalis, YUVA – Challenge, winning a tagline competition are all experiences that he cherishes deeply.

“These experiences make PGDM at the institute all about holistic learning. It’s important to try and understand the concepts of management so that you won’t be confused in front of the interviewer. You should also keep up with the latest trends through ET, TED Talks, Shark Tank and other avenues to give yourself the edge,” are his final words of advice.

VJIM’s beating 4 top teams and lifting the trophy of Yuva 2016

The professionalism is built on the concrete initiatives and practicality stemming out from the relevant textbook concepts. Reiterating this idea, the team from ViganaJyothiInstitute of Management, Hyderabad’s Salesforce made headlines just a few days back by winning the title of YUVA 2016. Ala Karthikeya, G SaiJanardhanRao, K Sai Vijay, and RamprasadVarun were the members onboard this team.

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When asked about their strategy and the winning formula, they explained by saying “We made sure the team had a balance between people who actually were good at sales, ones who can relate the textbook concepts to the process and ones who could present well. There wasn’t any room for emotions here. It was completely professional. It was rather a co-incidence that we thought of each other’s names when the contest was announced.”

They explained the Yuva Challenge as a sales activity offering a first-hand experience to the management students from leading b-schools. They were given a task to sell a bundle of ITC products within three hours including the handing over of money to the employee of ITC present on the campus. And, this was just the beginning as more was to follow.

“After this, we had to make a PowerPoint presentation of the learning and experiences and send a soft copy of the same to the company. Based on the quality of Presentations, 4 Top teams were shortlisted and we had to face IPE-Hyderabad in the final presentation round on campus” told Ala Karthikeya from the VJIM team.

The products allotted to every group were almost similar so the competition was about planning a strategy that clicked on time and gave the winners an edge over the competitors. In this regard, VJIM students truly displayed an innovative streak that they learnt from their on-campus training. They opted for outbound sales. Although the sales at the end of the day were low, yet they leveraged their experience to present their achievements in a unique manner.

When asked about the most interesting part of this challenge, Karthikeya said “Being a 100% outbound sale, the challenge was to convince prospects whom we never met or interacted with. Not just for once, but make sure, he will get converted into a loyal ITC customer, nothing but the Basic rule of sales like communication and patience.”

Throughout this rigorous sales challenge, they shared some light moments as well. They credited the success of this challenge to their mentor Prof. K Suresh who guided them in preparing an excellent PowerPoint Presentation.

When asked about the takeaway of this activity, they unanimously shared their views by stating “We learnt the importance of good communication, making the right choices and presenting the learning in a unique way. In all these endeavors, what we learnt at VJIM truly paid off.”

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.

 

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.