How does the ranking of a MBA school affect the placement of a student?

Think of the various MBA colleges in India; how many of them feature in your top 10 list? Not many, because when you search about different MBA schools, you will probably find a handful which have made it to the top 10 list. And when you search this list, it is the rankings from a reliable survey like that of Times of India which will come to your aid.

Remember there are several advantages of doing MBA from a good B school. You are going to go for a brand name which will be part of your resume for the rest of your life. You are going to meet some of the most talented people of your generation, best professors, the learnings of whom you will hold on as you progress in your career. Among all the other advantages, you get a good head start in your career. With a good placement, the subsequent career progression will also be pretty smooth.

Take a look at the list of MBA colleges in Kolkata and if you observe closely you will find that the placement history of B schools with good rankings is pretty impressive. You will get information of highest, lowest and median packages offered in various companies which have visited the campus, the industry patronage which a particular institute enjoys.

It is a known fact that top employers will always look forward to recruit MBAs from the only the top-rated schools. They have a list of MBA colleges in Kolkata which rank well. Rankings with high credibility also help lower-ranked schools to recognize the weaknesses in their programs, improve facilities and also compete with schools with better ranking.

If you are looking for a smooth career, invest your time in finding the right B school which has a good record of placements. It is imperative that the school has a good ranking as a good B school not only secures your placement, but also gives you the opportunity to be all-rounder.

Why should you look at MBA ranking before you choose a particular B school?

A lot of MBA aspirants in Kolkata browse through B school rankings because choosing the best business school seems to be a tricky task and rankings are a lifesaver. Combine the ranking with a good program and you can really benefit from such a degree. Among the different reasons for which the rankings have become so popular is the relative ease with which the prospective students have been able to narrow their initial conditions for MBA applications. The key is to understand how to interpret the rankings and conduct one’s own research before you come to a decision. If you are searching for the best management college in Kolkata, you need to think about some of the benefits of ranking.

Use ranking for shortlisting the colleges

When you are going through the list of top MBA colleges in Kolkata, they first have to draft the MBA applications which is a time-consuming and expensive affair. With an MBA ranking, you have a higher-level view of different MBA programs. MBA ranking helps you in the initial phase of research which offers a somewhat fixed baseline for comparing schools. And once you have a baseline, you can get a deeper insight into different schools which can be gained by further research.

Get a notion about employer perceptions

Certain rankings such as Times School Survey definitely carry weight. There will be several lists for top 10 MBA colleges in Kolkata, but with a Times of India B School Survey, you will be ensured that you have the correct information. Students often use this information to evaluate a particular program. Also, it is important to note the consistency of rankings; remember an average ranking over time is much better than a year-to-year fluctuation. Pay closer attention to general MBA trends.

Does the ranking align to your preference?

If you are planning to get specialization in finance, then there is no point searching for a school which has a good ranking in HR programs. Try to understand the industry-specific rankings to understand employer perceptions of particular programs. Different management colleges in Kolkata have different areas of expertise. And one has to remember that rankings vary by industry. It is imperative that you are also attentive to how schools feature in industry-specific rankings as well. Employers also note these specialization rankings and will very likely find new employees from schools which specialize in relevant areas.

Rankings are determined by a lot of factors

When you want to pursue MBA in Kolkata, you will go through different ranking systems for MBA programs. And all of which use different criteria to rate them; they combine information from corporate recruiters, alumni feedback and taking into consideration other factors like professional satisfaction and career trajectory. Remember rankings can be informative, but the final choice boils down to the final MBA program you will be selecting.

 

 

3 Reasons why a B School should have an industry tie-up?

When students join a good B school, one of their primary concern is whether or not they will have good placement. If a business school has a tie-up with industry and is sending the students for an internship then the preparation for a placement interview is done. In fact, a business school’s internship reports and job profiles can reveal which industries are normally a big draw for students. Today’s interns are tomorrow’s leaders; opt for a B school which gives you the opportunity to shine in your career.

Go for a real-time approach

Among the many MBA colleges in Kolkata, there are quite a few B schools which have a proper internship program. An internship in the industry allows the students to analyze problems in real time. This is a kind of a drill before you enter the real world and the student is expected to come up with innovative solutions. Of course, one cannot undermine the knowledge and most importantly the experience gained during the internship days. They also give the student an edge to outperform his colleagues.

Build contacts which will further your network

When you intern in any of the reputed organizations, you are going to build a good network. Many students travel abroad during their internship days and make professional connections. An internship is a perfect opportunity to build contacts. This works positively when you apply for a job in the same organization or to a different company. Remember a good word from a senior can add value to your resume. It can also help you to get a good position in your favorite MNC. It’s important for you to interact with superiors and colleagues during the internship days.

Gives you the confidence to face the real world

All the top MBA colleges in Kolkata have industry tie-ups. When you intern in a big corporate world, this will boost your confidence. After you have interned with one of the big organizations, you will gradually get rid of anxiety and nervousness that is normally associated with your first job. Your internship days will give you a true feel of a company. You will face problems and will find solutions for all your problems. Your success rate will definitely escalate your pay package.

 

 

 

 

 

4 Ways to Boost your LinkedIn Account to Enhance Personal Branding

Whether you realize it or not, your LinkedIn profile is actually the foundation of your personal brand. Over the years, it has become a strong social media marketing tool and optimizing your LinkedIn profile to boost your credibility in unimaginable ways. It is a perfect platform to showcase one’s expertise, connect with like-minded professionals and grow business. Let us give you 4 ideas through which you can power up your personal brand.

Not networking; then not doing enough

 

 

 

 

 

With LinkedIn, it is possible to find professionals who are intricately associated with your business. LinkedIn can help you to expand your network, reach out to people who can help in building your personal brand and business. How can you reach out to these people? Share content which are related to the targeted network’s interest. Sharing relevant content will not only improve engagements strengthening the relationship with targeted audience.

Put in all the personal details

 

 

 

 

 

According to experts, profiles with headshots have enhanced chances of visibility than those without a profile picture. The headshot should be professional, clear and must include only you. If you have just started on LinkedIn, go through the images of your phone to find the right shot for the profile. Along with your picture, you should also ensure to include phone number, email, website and other professional details. Only Premium users can access LinkedIn InMail, so if you are keen to find the right contacts, then you can go for a Premium account as well.

Always tell a story

 

 

 

 

 

 

LinkedIn may be primarily a platform for professionals, but at the end of the day it is a social media channel. And to capture people’s attention storytelling is the best possible way. Remember hiring managers and recruiters are no different. They must be going through hundreds of profiles every day running into the same buzzwords and clichés. A little something which is out of the box is always going to work. A little bit of personal background story and you can capture the attention of the recruiters.

Ger endorsed by listing your skills

 

 

 

 

 

You can tag your skills in LinkedIn. You should select all the skill sets which are aligned with your personal brand. This is how recruiters connect with the candidates in LinkedIn; endorsements can also be collected from colleagues, friends and different professional contacts. In return, you can offer an endorsement or two as reciprocation is a good gesture.

Remember that hiring managers and recruiters literally live on LinkedIn. It is good to ensure that your LinkedIn profile conveys the message you intend to convey when you are on the hunt for a new job.

 

How Big is Big Data and How can it Affect you?

Big data is the combination of all the tools and processes which are related to utilize and manage large data sets. Big data was born out of the need to understand various preferences, trends and patterns in the huge database when people normally interact with various systems and with each other. You need to use analytics for Big Data in various organizations and figure out the most amazing customers. There is a requirement for businesses to create new services, experiences, and products.

 

Big Data can be used by many companies to outperform the competition. There are many industries where established competitors and new entrants use data-driven strategies to capture, compete and outperform and innovate. From IT to healthcare, each of the segment uses Big data to their advantage. Did you know that big data can analyze the data in entertainment and the insight drawn from it can be used to create a unique experience for the user. This is best seen in music streaming services that is available not only via crowd-sourced data as well as data from their libraries to create a suitable playlist.

 

Did you know that online retailers can use big data insights, send the personalized recommendations on purchased goods and save you the trouble to map out your preferences again. Big data technology also improves your shopping experience by ensuring that the supply chain works better and the products are received faster.

 

 

Have you ever noticed a pattern in the way the news stories flood our timelines? It is big data which determines the kind of stories that will appear in our timelines. It also informs the surface content for different social media sites like Twitter and Facebook. Now think about chatbots. They have become an integral part of our daily lives. It is big data which helps the chatbots to provide us with the information that we seek.

Now let’s come to gaming enthusiasts. In the course of a game, each player produces a large data stream which can provide valuable insights for his/her preferences. Most video game developers analyze this data to curate engaging and unique gaming experience for the users.

 

 

 

5 Subjects that Every Finance Student Should Take

When you choose a career in finance, you are expected to find effective ways to manage the finances of the company, create wealth and increase the net asset of the organization. Most finance majors should be prepared to study topics which include planning, raising funds for the company, making wise investments and controlling the expenses of the company. Finance majors are expected to be experts in when it comes to critical decision-making which are often crucial for companies. Choose your courses carefully; apart from the regular finance degree curricular, one should study the following subjects.

Mathematics

 

 

 

 

 

If you have already taken courses in calculus and algebra in college, it will help you to solve equations in complex financial markets. A course in statistics will be beneficial as the subject helps to take crucial decisions based on likely outcomes. Thorough knowledge of the subject helps the finance students to know about the movement of a company’s stocks and how they can be better allocated.

Economics\

 

 

 

 

 

Knowledge in microeconomics will allow the finance students to understand the impact of the activities of the financial market; you will be able to understand how the activities influence the overall market economy. You get to study the behaviors that normally happen within firms and among customers. Your knowledge in Economics will help you to understand how and when financial decisions can impact firm’s success.

Communications

 

 

 

 

 

 

Any communication course such as presentation skills or public speaking can help the finance students to not only present the finance reports, but explain the meanings behind the numbers and equations. A good leader should be capable of delegating responsibilities to employees; most business students, a Finance major in particular need courses in crisis communications, corporate communications and public relation strategies.

Corporate Finance

 

 

 

 

 

Corporate finance is all about understanding the financial problems of an organization beforehand and prevent them. In case of any mergers and acquisitions, a concerned finance analyst should have knowledge about corporate finance. Capital investments are an integral part of corporate finance; decisions like whether dividends should be offered to shareholders or not, or a proposed investment option should be accepted or rejected can be taken without any hassle if you have knowledge about corporate finance.

Accounting

 

 

 

 

Although it is said that accounting has a narrow focus, it is important to take it as a subject if you are planning a Finance major. With knowledge in accounting, it is possible to focus on both past records and present reports; the creation and analysis of these records often become crucial for financial decisions for an organization.

Take a look at the courses offered at one of the major B schools in Kolkata. Click https://www.bibs.co.in/ for more details.

Do you Need an MBA for a PR Job?

Can an MBA make a difference for a PR job? This is a question often asked by numerous PR professionals. An MBA degree offers unmatched networking opportunities; in a crazy competitive world, an MBA degree will help you to have leverage as compared to your peers and competitors. Still not convinced? Take a look at some of the benefits of having an MBA degree if you are holding a PR job.

Helps you to acquire analytical and critical thinking

Often PR professionals have a lack of understanding of business goals; an MBA degree helps to drill business goals in a PR person. This degree will help you think beyond the usual metrics of the business world and get a broader picture of how business functions. Most PR professionals have entertained the thought of running their own business, consultancy or agency. Other than your PR skills, you should have the skills to read a balance sheet, manage change, think about the operational expenses, and have sound HR policies. You can learn all these on the job; but an MBA degree will help you to acquire the expertise in a short time.

Helps you to grow your network

An oft-mentioned benefit of having an MBA degree is that it helps you to have a solid network. Now you may argue that even a non-MBA person has a huge network but it will be nothing as compared to what you might have after you enroll in a prestigious business school. With a solid network, one can chance upon PR-specific business opportunities which might not happen otherwise. Talk to people who have already made the leap from the communications field to MBA and you will know about the endless possibilities. Those who are not willing to start their own business can go for management positions after an MBA course, which might be a difficult to achieve otherwise.

Helps to understand your life goals

Those who plan to continue with an agency should rethink about an MBA degree. Most agencies hire creative problem solvers; but on the corporate side higher-education and MBA degrees are known as qualifiers for senior-level management positions. You will hardly find anyone in a senior leader position without a management degree. Those who want a senior position in the corporate world should and must go for the MBA degree.

Think about all these pointers and try to get an MBA degree when you still can. There are greater and better career opportunities waiting for you to be explored.

What you Need to Know before you Begin your Career in HR?

There was a time when human resources were primarily known as ‘paper pushers’; they were mainly considered as the document keepers in the organization. HR departments these days are extremely dynamic and they play a vital role in the talent development strategy of any business. Although an HR may wear different hats these days, the department still remains obligated to one of the most valuable assets of an organization: its people. If you are starting a career in HR after pursuing an MBA degree, these are some of the functions you will be expected to perform.

HR Leaders are the best Solution Providers

Some of the best and most impressive HR leaders are known to solve not only business goals, but are driven by a basic desire to positively impact the lives of the employees of an organization. An HR leader can definitely help in the business by driving change with both data and passion. Most people choose a career in HR precisely because this department gives them an opportunity to influence various aspects of an organization. When it comes to company policy, an HR manager is definitely one of the effective decision-makers in the company.

HR Leaders are Knowledgeable about the Core Business

HR managers who work in a business unit which supports the core business of a company should definitely know everything about the business. As you learn your own responsibilities in an organization, you should also learn about all the nitty-grittys of business. If your company is a small and growing at a fast, often it becomes extremely difficult to stay on top of everything. As a HR manager, your capability lies in understanding the employee psychology and how it can be aligned with organizational goals. Of course, there are some things that you can do to maintain employee satisfaction and company culture. You can start a small reward program where employees are recognized for their contribution to the company. How do you resolve a conflict situation? It can become difficult to define everything in a fast-growing organization. The process of resolving a conflict or the procedure of collaboration will definitely differ and vary. Effective communication might be the key.

HR Leaders Foster Transparent Internal Communications

How can an HR leader ensure that communication is mostly transparent and always done on time, especially when it is crisis communication? Good news travel fast, so if the company is doing well or there have been some positive changes in the organization, your employees will get to know that even before the news bulletin is out. When it comes to communicating bad news or any type of change, the best way to do it is go for honest communication in due time. This information should reach those people who are going to be directly affected by this change. A good HR leader never underestimates the fact that honest information shared in due time can save the day.

Is Doing an MBA after Work Experience a Better Deal?

Now that you have completed your graduation, you are on threshold of taking some important decisions in your life. Chances are that you may not be sure whether you should go for an MBA or join an organization for gathering experience. There are actually quite a few who are stuck in this similar situation. Finding it tough to choose between the two? Are you asking the question; can MBA after work experience help me to further in my career? Let’s find out.

Confident about what you need to do

During those 2 glorious years of your MBA course will have the opportunity to interact with students from NIITs, IITs, and NIFTs. If you do not have an equivalent brand name in your resume, at least work experience of two to four years will give you the much-needed confidence to take on the world. Your work experience will compensate your brand value. An MBA degree is not only about theoretical knowledge, but also about practical applications. In case you have worked in a designated field for some time, it will be easier for you to cope in an MBA class. Certainly you will be in a better position than your peers.

Clarity about your future endeavours

If you get into MBA right after your graduation, it may be hard for you to choose a major at the end of the first year. Students might have a general idea about most of the subjects, but experienced students definitely know better. A student who has already worked for two to three years before applying for MBA will definitely know about his/her strong areas; he or she will have clarity regarding the major. Also, the exposure to the corporate world helps him to take better informed decisions.

Better financial stability

If you already have work experience, you are likely to know how expensive a business school can be. When you enter the workforce just after college, as a candidate you will have more financial stability both during and after business school. For some MBA programs you may require a solid amount of work experience in your resume. Even when it is not the case, business schools often assess candidates on a number of factors. Having work experience will give you leverage before other applicants. Most candidates with previous work experience are preferred not only by B schools during admission, but they are a favourite with recruiters as well.

In other words, your work experience will be helpful as you will naturally develop skills which can be more specialized than an MBA degree. An MBA is a qualification which will allow you to have flexible business knowledge. If you have the opportunity to grab both at once, then why not?

5 Advantages Of An MBA Finance That Every Student Should Know

There are definitely more than 5 reasons to specialize in Finance while doing your MBA. Finance has seen extensive growth despite current economic downturn; with an MBA degree in finance you can have rewarding career options in wide range of industries. Let us just say that these are the 5 perks available to individuals who want to implement exciting changes to their lives.

Narrowing your Focus

Those who want to start their own business after completing their MBA can opt for a finance major; it will allow you to explore a field with many job opportunities. A finance degree will help you to collaborate with some of the decision makers outside the organization like government officials, banks, suppliers, stockholders and other business operators.

Eligible for Upper-level Management Positions and Promotions

The MBA in finance opens up employment opportunities, especially for those candidates who already have work experience. Graduates of an MBA programme can find work in various financial institutions like investment companies, banks, mortgage companies and financial services firms. In 2016, three-quarters of employers mentioned that they plan to hire MBA graduates while almost 92% have increased the number of MBA internships in their organizations. With an MBA degree in finance, you will be able to apply in higher-level positions and increase the career opportunities. And of course gaining new skills can act as a catalyst to kickstart the transition from one career to the other.

Greater Job Security

The job market is extremely turbulent these days; there is a sense of uncertainty everywhere. With an MBA in finance, you will have more marketable skills which will earn you greater job security. And at the same time there will be no dearth of opportunities. If you have work experience, you can join as a financial manager  in different companies. Those who love organizational responsibilities can manage investment activities or can be engaged in preparing financial reports.

Exposure to Wider Curriculum

The finance stream normally includes a wide range of topics in its curriculum which help students to perform better. The curriculum not only educates you about finance, it also gives fair ideas to the students about marketing and statistics. You can specialize in corporate finance, investment banking, and risk management and even get absorbed in different chartered accountant firms with a finance major in MBA.

Wider Scope of Application

Apart from attaining a degree in finance, students are also trained in analytical thinking, and concepts of making good managerial financial decisions. With an MBA in finance you will have a managerial perspective on all these concepts which will help you to further your career.