View Point

The Changing Scenario of Management Education in India
Prof. C. S. Venkataratnam, Member, FICCI Higher Education Committee & Director, IMI, New Delhi
Ms Shobha Mishra,
Joint Director & Team Leader, Education & Health Services Division, FICCI
AcademiaArticle: Towards a successful career
path: MBA in Retail Management
Article: Art & ManagementPersonality Development Current AffairsCampus NewsGD Topics

Planning for a long-time career goal

Lipi Mohapatra

Finding a job is not placement. For an MBA graduate, a job that aligns with the long-term career goal is placement in the right sense. Then comes the next big question of how to find that job which helps in terms of career goals. Also, how does one plan a career when slowdown crippling the economy and its repercussions yet to wear off?

There may not be a clear one line answer to this question. It needs an elaborate understanding of one’s area of interest, academic background, and where one sees the career graph moving in 3 years’ time.

The newly minted MBA graduates are often confused about which career path to choose, even at a stage when they are about to complete their MBA. Most students have come to terms with the fact that random choices made early during their career can decelerate their career graph.

Early in their career, most management graduates make the mistake of turning down offers and waiting for that perfect job to land in their plates. This is utopia. Although, it may happen in some of the cases, most of them should accept offers well in time and make the most of it.

In other words, accepting a job well in time is one of the ways to find out one’s true field or area of interest. Even better is to get into rotational positions. Though apparently not lucrative, in rotational positions an MBA graduate gets to work in few functional areas in a company such as marketing, sales or operations for a few months before getting into a management role.

But to nab that dream job, one has to do more than studies. With the job market just beginning to recover, a student serious about his career must focus on what s/he brings to the table compared to others in competition for the same job.

In various B-schools, finding a job during the recession period last year was a rage. And, why not. The campuses saw fewer companies coming up with offers. Overall, the industry grew at a slower pace than expected. But things look upbeat now. Now is the right time to pursue a career in management as by the time the economy fully recovers, one has the necessary skills required for the job market.

Other than the elite schools, students who are in the second-rung colleges with average academic background, should either seek help from career counselors who can help a student to find their area of interest. And having identified that special area, commit to it.

For graduates, an important point to keep in mind is that the recruiters know that fresh b-school graduates need further training and seasoning. HR managers then believe that it is best to tap former interns since both the parties know each other.

Understanding that a crucial preparatory timing for final placement is during internship is key to career planning, although many students may not take internships very seriously. Giving due importance to an internship in a career goes a long way in training a student for that dream job which he expects during final placements.

A report by Kelly Services, which conducts the “Global Workforce Index” annually revealing opinions about work and the workplace from a generational view point, says that due to global economic slowdown professionals are reinventing themselves as independent freelancers and consultants. Today, people are taking charge of their own careers and view self-employment as a way of achieving personal and professional success.

In fact, at most of the international B-school campuses, placement search this season is dubbed as "the year of the networked job search."
Gone are the days when job search used to be only school-driven activity. Now, students are expected to take charge of their careers, attend various corporate seminars, build on their networking skills during their study years, and always be in touch with alumni.

Often students forget that just because one has managed to pay the course fee for pursuing MBA s/he is entitled for a job. Employability skills are almost an integral part of any management course in these times. Attending these classes seriously will only benefit the student. Other than studies, equal importance has to be given to life skills training.

Sectors that are hiring

Manufacturing and construction Telecom

BPOs/KPOs Banking & Insurance Sectors

ITes Serives Sector

The author is Director, IILM-BS