Sunday, February 20, 2011

IIM Indore student offered 32 Lakh per annum package

A student of Indian Institute of Management (IIM), Indore, has been offered a salary of  32 lakh per annum, the highest ever for the institute here.

An investment bank has made this offer to a student of 2009-11 batch, with a posting in India, institute sources said.

Last year, the highest offer was Rs 28 lakh per annum. The average package offered to the 'Post Graduate Diploma in Management' (PGDM) students this time around was 27 per cent higher than the last year, the sources said.
IIM Indore student offered Rs. 32 Lakh per annum package



Over 100 employers from India and abroad participated in the final placement round. 


     

Wednesday, February 2, 2011

Indian students who became best CEOs

India's best students who became CEOs

Narayana Murthy got through IIT but his father couldn't afford the fees.


The meritorious CEOs




NARAYAN MURTHY

As a boy, Nagavara Ramarao Narayana Murthy was someone who could easily go unnoticed in a crowd. He was short, but sharp. Often, his seniors in school came to him for solving Science problems.

Murthy came from a lower middle class, Brahmin family from Mysore. His father, a school teacher, was fond of English literature. And like all the boys of his class, he too had dreams of going to IIT. So he worked hard, studied in the shade of boulders close to Chamundi hills, and helped many in his class to prepare for the entrance exam.

Murthy wasn't surprised when he got through. When he broke the news of his success to his father, it is said his words were: 'Anna, I have passed the exam…I want to join IIT." Proud he was of his son's achievement but he couldn't afford the fees and so Murthy had to relinquish his IIT dreams. Murthy stayed back in Mysore. When asked about his decision to stay back, he said to his friends, "It is not the institution but you alone who can change your life with hard work".

He lived up to his own words. Several years afterwards, Narayana Murthy revolutionised India's software industry by founding Infosys. And this has made him the icon of middle class dreams. He redefined India in the eyes world. India was no longer a third world country, but a fast developing nation. In the process, he promoted thousands of young, creative Indian minds to the world and made Infosys and India a hub of talent.

It is known to the world that he founded Infosys along with six others with just a few thousand rupees which his wife, Sudha Murthy gave. It was an incredible risk to take, but Murthy knew it was going to work, just as he knew he would get through IIT. Which he did, eventually. After Murthy graduated from the National Institute of Engineering, Mysore, he joined IIT, Kanpur.

Thanks to IT and its development, the little known romance of Murthy and Sudha Kulkarni is talked about everywhere. It is hard to believe reading from Sudha's account of an introvert, quiet Murthy, that he is the same person to have revolutionised the IT industry.

When Murthy was asked by Sudha's father about his ambitions, he said he wanted to become a politician in the communist party and wanted to open an orphanage.

While he has opened several orphanages since, his dream of becoming a politician still remains unfulfilled. After retiring from Infosys, Murthy was hoping to become President of India after the term of Dr. Abdul Kalam. Even though he denied having political ambitions, his supporters would like to see him on the throne.

Our Mysore Murthy is, no doubt, a visionary who has ignited millions of young minds.

Education

B E (1967)

MTech (1969)

Honours and Awards

Padma Vibushan- 2008

Officer of the Legion of Honor- 2008

World Entrepreneur of the Year- 2003

Business India's "Businessman of the Year- 1999

JRD Tata Corporate Leadership Award- 1996-97

INDRA NOOYI

Chairman & CEO, PepsiCo

Chairman of PepsiCo's Board of Directors, Indra is the highest-ranking Indian-born woman in corporate America, and she attributes much of her success to her upbringing in India. "Being a woman and being foreign-born, you've got to be smarter than anyone else," says Nooyi, who often dons a sari at PepsiCo events.

Education

She completed schooling at Holy Angels AIHSS, Chennai, has a BSc (Chemistry) from Madras Christian College in 1974 and a PGDM from IIM Calcutta. In 1978, Nooyi earned a Master's degree in Public and Private Management from Yale School of Management. At Yale, she worked as a receptionist from midnight to 5 a.m. to earn some money.

Career graph

Starting her career in India, Nooyi held different positions at Johnson & Johnson and textile firm Mettur Beardsell. In the US, Nooyi worked with BCG, Motorola and ABB. Nooyi joined PepsiCo in 1994, and became chairperson in 2007.

Childhood memories

As a child, Indra's grandfather insisted on academic excellence from his grandchildren. According to Indra, when she did not figure in the top three ranks in class, she preferred to throw herself under a bus than face her grandfather.

Awards

2007, Padma Bhushan

2008 Elected as Fellow, American Academy of Arts and Sciences

ARUN SARIN

Former CEO, Vodafone

Born on October 21, 1954 at Panchmari, Madhya Pradesh, Sarin was an academically bright student. He was equally good at sports like field hockey, boxing and various extracurricular activities. He wanted to follow his father's footsteps into the military by pursuing a career as a pilot, but when his mom protested, he applied and was accepted at IIT, Kharagpur.

He graduated from the IIT in 1975 with a Bachelor of Science degree in engineering in the top 10 percent of his class and received the BC Roy gold medal for academic excellence. He received a full scholarship to the University of California, Berkeley, Graduate College of Engineering.

In the year 2003, Sarin became the Chief Executive Officer of Vodafone. When he resigned in 2008 from his post Vodafone was the world's largest mobile phone company by revenue. It was the firm's large market presence in India that catapulted Sarin into the limelight. Currently he serves on the boards of Cisco and Safeway, Inc.

Academics

BTech (IIT)

MBA (Haas UC,Berkeley)

Awards

University of California at Berkeley, Haas School Business Leader of Year- 2002

University of California Trust (UK) Award- 2003

Born in Nagpur, Pandit was the Citigroup's youngest CEO when he took over in 2007. The first Indian to achieve this feat, the job was touted as the toughest in the world due to the company's poor performance.

A brilliant boy in school, he moved to US when he was 16. After finishing his Master's in electrical engineering and MBA from Columbia University, he was determined to get a PhD in a different subject. In those days, students preferred to either study medicine or engineering. And that was the time when his guide advised him to take up finance, as it was a good field. He followed the advice, and switched to finance.

For a brief span, he taught at Indiana University Bloomington, Columbia's Business School. He stepped into the corporate world in 1994, as a head of Morgan Stanley. His administrative and technical skills, plus an ability to make himself indispensable to bosses like John J. Mack and Phillip J. Purcell, fuelled his career at Morgan Stanley, where he became the president. He dealt with the Institutional Securities Division, Worldwide Institutional Equities Division. For him, this was an interesting area to work on

"To do well you have to put a lot of yourself into it."

BS, Electrical Engineering, Columbia University (1976)

MS, Columbia University (1977)

MBA, Columbia Business School, Columbia University (1980)

PhD, Columbia Business School, Columbia University (1986)

SABEER BHATIA

Pioneer of web-based e-mail

Sabeer Bhatia has done the unconventional ever since he decided to study abroad at the age of 19; two years into undergraduate education at the Birla Institute of Technology and Science, he qualified for a transfer scholarship at Caltech, considered to be the world's most competitive scholarship. After graduating from Caltech in 1989, he pursued an MS in Electrical Engineering at Stanford University.

At the age of 27, Bhatia was no longer interested in working for others, and together with Smith, began chasing what many people in Silicon Valley deemed a "crazy idea" – a free e-mail service. They raised about $300,000 for their venture - Hotmail. Within a year, Hotmail had one million subscribers. So revolutionary was it that Microsoft bought it for $400 million after 18 months.

Did you know?

* He was rejected by 20 venture capitalists before Draper Fisher Juvetson bought his idea.

* The original spelling was HoTMaiL

Award

TR100 by the MIT, given to 100 young innovators who are expected to have the greatest impact on technology.

Qualifications

BTech, BITS Pilani

BSc(Honours) California Institute of Technology, US

MS Electrical Engineering (Stanford)


Thanks 

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Tuesday, February 1, 2011

Soft skills define effective management

The era of hard skills is over. Now, in this highly competitive professional world, employers crave for managers with critical soft skills that are key to effective performance across all job categories. Acknowledging the importance of soft skills, some refer them as 'life skills' and researchers even call them the 'hard stuff' of management.
Soft skills define effective management



The transferable quality is the key differentiator between hard skills and soft skills. Hard skills are domain specific and cannot be transferred, but soft skills are transferable skills which are necessary for every domain. While technical skills are necessary to impress in job interviews and to get a job, soft skills are essential to retain it. Here is our take on some of the most important business skills a person should have in professional life.

1. Interpersonal Skills
A man's success largely depends on his relationships and interactions with others. A modern day manager does not solely rely upon his position or power. It is the manager's personal power base that makes his work easy and efficient. This skill makes him to get along with others very well. It demands respect for the views and sentiments of others. This is one of the key human relations skills necessary for success at all organizational levels.

2. Communication Skills
Many feel that communication forms the corner stone of soft skills. Proper verbal and written communication is an unavoidable aspect for management. Management being the process of getting things done through others, effective communication is essential. The technological advancements should be aptly used to reach out to people to disseminate information faster. The traditional chain of command is not strictly followed in today's organizational communication process as people skip levels in the chain of command to directly get to people they need. The biggest challenge here is to keep the personal touch while using the modern techniques of communication even when the nonverbal component is missing.

3. Team Work
A team includes people of different age groups, gender, qualification, status, skills and only a coordinated effort of all can bring in success. In another scenario, those with whom you cooperate are also those with whom you compete. Agreeableness and co-operation are the key factors here. The aspect of diversity should be seen beyond demographical characteristics because in an organization you will have to coordinate with engineers, human resource managers, marketers, and will have to deal with every other functional area.

4. Professional Ethics
India has been listening to series of stories where professional ethics have been drastically deteriorated. The modern day work culture demands high level of ethical behaviors. Employers do not wish to hire unethical people and teach them ethics. They prefer people who already possess those great qualities of ethical behaviors. As each employ is a part of the organization, the employer expects them to contribute their share to the successful functioning of the organization. It is high time that we promote employees who do the right things.

5. Time and Stress Management
To maintain your work schedule and pace of functionality, you should have a proper time management system. Prioritizing the work and scheduling your time accordingly will help you achieve this. Important works should be taken first and allotted more time. Calmness of mind brings an excellent working condition. The physical, mental and emotional stress associated with your job should be reduced by finding proper methods of relaxation to your body and mind.

Soft skills such as self-awareness, analytical thinking, willingness to change, agility, flexibility, creativity, diplomacy, and problem-solving skills are essential for professional success. Soft skills are obviously not a replacement for hard or technical skills, but they are as essential as hard skills for organizational and personal success.