Sunday, October 31, 2010

Donate for Charity - Via London Marathon

Our dear friend Ram is running the London Marathon and by doing it he is also raising funds for charity.

http://uk.virginmoneygiving.com/fundraiser-web/fundraiser/showFundraiserPage.action?userUrl=Ramotherunner&pageUrl=3

Please donate generously. Your donation will not only help the needy but would also encourage him to perform better.

Here is how you choose how to donate :

  1. £1 for every 4.2 kms ie -  £10. This says "I encourage you Ram.

  2. £2 for every 4.2 kms ie -  £20. This says "Go Ram. Go"

  3. £4 for every 4.2 kms ie - £40. This says "Ram! You can do it"

  4. £6 for every 4.2 kms ie - £60. This says "Ram! You rock. ;) I will be there (morally/physically) to support you."


 

 

Monday, October 25, 2010

One year MBAs - The way to go in India ?

Read this article by professors at IIM Bangalore - http://economictimes.indiatimes.com/articleshow/6806670.cms

The professors believe that the one year MBA is the way to go to save investment in terms of time and money for students, and also for the b-schools which can save enormously and instead invest the amount in increasing intake.

I agree that the average intake in IIMs, at 2000 per year is very low, and also that we will run out of quality faculties sooner rather than later.

But a lot has to be thought before putting the one year course in action, like for example the mindset of students and parents (yes, parents who play a BIG role in so called career directing the ward) and the society in general (recruiters etc).

A lot of one year courses have come up in the recent past, ISB , Great Lakes being couple of them. Once the market sees the real value, there will be more such colleges for sure in the future.

Thursday, October 21, 2010

Getting a job after MBA in the UK

We had a career workshop on 'Own Job Search' during and after the MBA at Cranfield. It was organized by AMBA. It was a very helpful session and one of the highlights of how well we are looked after by our career services.

There were some key takeaways for me from this workshop.

1. Recruitment in UK is different than how it happens in the US, Asia or elsewhere. Companies don't necessarily visit the campus. The reason is simple - not enough candidates to interview for the number of open positions. Say a FMCG or Automobile company needs to recruit 3 MBAs this year. They will ideally want to interview at least 60-70(I may be stating less) suitable candidates before deciding on those 3, and in a typical class of MBA in UK there are not always (almost always) so many students suited for one opening. Hence companies prefer MBAs writing to them, rather than wasting their money and time in doing campus visits.

2. Its difficult to change anything more than one out of Country, Industry and Function when looking for the first post-MBA job. Except if its a leadership development program or if you are lucky. I kind of agree to it, but not fully.

3. Networking, Alumni, etc are the most suitable ways of getting to know the openings in a company. Any contact to the recruiter must go via these contacts, else its viewed as a 'cold call' (Sales term), and is not excepted to generate any response.

4. When it comes to contacting alumni or other contacts for leads, one must take care of the diversity and cultural aspect of communications and etiquetes. Like writing  a polite email first before directly asking for a job/contact. Asking for 15 minutes of personal time to seek 'advise', and using that time effectively if and when you get to meet. Meeting should be focused on 3 things - 'Is my profile a match for your company - advise', 'Is the company hiring, in general, or in particular', 'Whom to get in touch with'. And depending on the response you get asking,in the end - 'If I can use your name while contacting so and so...' (Directly not asking for whether you can give his 'reference', which might mean official/formal).

5. Taking one step at a time - Knowing the function/sector you want to join is very important. Once this is decided, one must make efforts to get contacts, and then prepare CV to match the company and then apply. Also, take into consideration the time taken to apply and interview calls to appear in your inbox. It takes time, especially in the UK. One has to be patient, and sometimes it takes 6-9 months to get the first job. Starting early is always the good option to avoid disappointment after MBA.

Monday, October 18, 2010

India EU trade deal : in view of immigration

http://timesofindia.indiatimes.com/business/india-business/India-EU-trade-deal-may-nullify-UK-migration-cap/articleshow/6719964.cms

Quote from the article -

"India has insisted on increased mobility for its skilled workers in return for reduced tariffs on European products and the lifting of some restrictions on businesses bidding for public procurement contracts".

What this essentially means is that, if this trade deal goes through, Indian workers (highly skilled, like us) will be able to work in any EU country under contract. This will also mean an increase in worth of 3.9 billion pounds a year for the whole European economy, much needed in times of recession.

This also means that, once this deal is through, UK will be bound by this EU agreement and companies in UK will be able to recruit Indian workers in sectors such as information technology, management consultancy and engineering. This would mean bypassing the annual limit of immigration set by the conservative government earlier this year. It will not be a surprise if this deal gets immense criticism and opposition from within UK, as limiting the immigration is one of key promises of this coalltion government.

The mere fact that India can dictate terms to EU/UK, makes me feel good. But a free trade between countries, and free flow of highly skilled workers will always be beneficial for both parties.

The deal is due to be signed in December, and only time will what will be its fate.

Reference:

Read article in timesofindia oct 9th 2010

Saturday, October 16, 2010

Friday nights at Cranfield...

Today is Friday night..... and its the best it can get in Cranfield......

Lots of booozeee , lots of enjoyment and lots of party !!!!!!!!!!!!!!!!!!!!!! Kitchen party of course........

we had a awesome kitchen party... and a hell lot of enjoyment......

Its the end of  a long week, and its the night we have been waiting for the weekend.....................................its fun for everyone...

And after the kitchen party at our hall ( Strinfellow hall ) it was the CSA party that we went to and it was a lot fun... Music, DJ and a lot of dancing... it was fun....





Thursday, October 14, 2010

More travel plans...

And here is another plan for travel - this time for 2011. Planning it in advance as its the Octoberfest in Munich.

Extract from the mail sent by Daniel, the German (aka Umbrella Man)

I wanna organise a trip to the "Octoberfest 2011" in Munich/Germany.

http://www.oktoberfest.de/en/

Short summary of the trip:

3 days in Munich (2 nights/at double room)

1 day booked table in a beer tent (Octoberfest)

Date: 19.11.2011 - 23.11.2011 (three days during this week -> it is after the MBA course)

Costs: about £300 - £350 (with flight)

Number of participants: restricted to 30 persons!

Monday, October 11, 2010

Plans for New Year 2011

Dear colleague, Alexander has come up with an idea of going to Kiev for New Years ... Here is the content of his mail.

I’m planning to spend part of Christmas and New Year Eve 2010-2011 holiday in Kiev, Ukraine (however not yet commited).

Some people told me they would be interested to join me. If you’re interested to get to Kiev for New Year Eve 2010-2011 (around 5 days from Dec 29 to Jan 2), please let me know by Sunday next week (17th October).

Background information about Kiev.

Kiev or Kyiv (Ukrainian: Київ [ˈkɪjiw] ( listen); Russian: Киев; Polish: Kijów); (see also Cities' alternative names), is the capital and the largest city of Ukraine, located in the north central part of the country on the Dnieper River. The population as of the 2001 census was 2,611,300. However, higher numbers have been cited in the press.[1]

Kiev is an important industrial, scientific, educational and cultural centre of Eastern Europe. It is home to many high-tech industries, higher education institutions and world-famous historical landmarks. The city has an extensive infrastructure and highly developed system of public transport, including the Kiev Metro. Kiev was classified as a Beta global city as of 2004.

The name Kiev is said to derive from the name of Kyi, one of four legendary founders of the city (brothers Kyi, Shchek, Khoryv, and sister Lybid). During its history, Kiev, one of the oldest cities in Eastern Europe, passed through several stages of great prominence and relative obscurity. The city may have been founded in the 5th century as a trading post, perhaps part of the land of the early Slavs. It gradually acquired eminence as the centre of the East Slavic civilization, becoming in the tenth to twelfth centuries a political and cultural capital of Rus', a medieval East Slavic state. Completely destroyed during the Mongol invasion in 1240, the city lost most of its influence for the centuries to come. It was a provincial capital of marginal importance in the outskirts of the territories controlled by its powerful neighbours; first the Grand Duchy of Lithuania, followed by Poland and Russia.

The city prospered again during the Russian Empire's industrial revolution in the late 19th century. After the turbulent period following the Russian Revolution of 1917, from 1921 onwards Kiev was an important city of the Ukrainian Soviet Socialist Republic, and, from 1934, its capital. During World War II, the city again suffered significant damage, but quickly recovered in the post-war years remaining the third largest city of the Soviet Union. Following the collapse of the Soviet Union and the Ukrainian independence of 1991, Kiev remained the capital of Ukraine.

For more information about Kiev, please, visit http://en.wikipedia.org/wiki/Kiev

Approximate budget and costs:

Return flight London-Luton – Kiev (29 Dec 2010, 02 Jan 2011) – £300-£350

Taxi from and to airport (return) – £30.

Hotel in very center of Kiev with amazing view to Central square of the city (***) – £55, single, £72, double or twin)

There are lots of private apartments in the center of the city available for rent which can save up to 50% of the budget.

Taxi in city center is around £3-£4 a ride to almost everywhere.

Public transport – 20p. (price is usually fixed)

Lunch/Diner – £5 on average (up to £15 if you go to a superior restaurant). Ukrainian cuisine is very good and inexpensive.

New Year Eve Diner (£30-£100).

Prices may vary (you know, It’s new year time).

Consular and visa issues:

You don’t need visa to get to Kiev if you’re a citizen of European Union, United States, Canada, Japan or Korea.

This quote is from site of Ukrainian Embassy in the UK:

Ukraine has set visa free regime for citizens of the United States of America since the 1st July 2005, citizens of Canada and Japan since 1st August 2005, citizens of the European Union countries (citizens of Republic of Bulgaria and Romania starting with the 1st January 2008), Swiss Confederation and Liechtenstein since the 1st September 2005, citizens of the Principality of Andorra, Vatican (The Holly See), the Principality of Monaco, the Republic of Iceland, the Kingdom of Norway, the Republic of San Marino since the 1st January 2006, the Republic of Korea.

This regulation establishes visa-free regime of entry Ukraine and transit through its territory for the USA, Canada, Japan, EU (citizens of Republic of Bulgaria and Romania starting with the 1st January 2008), Swiss, Liechtenstein, Andorra, Vatican, Monaco, Iceland, Norway, San Marino, the Republic of Korea passport holders who may stay in Ukraine up to 90 days within 180 days.

For more information please query the Embassy http://www.mfa.gov.ua/uk/en/news/top.htm

Wednesday, October 06, 2010

MBA journey - Part 1 : the start

And it started, and God, what an start it was. An action packed, hectic orientation week, consisting of parties, sports, and a lot of activities. Had an amazing week. If that was not enough, the party in Friday night was even better. CSA (Cranfield Students Association) has amazing parties on Friday nights. The dance floor was rocking, and a not a single square foot of space to step foot on.

Just when I thought it was going to be over (at 2AM), we moved the party to our kitchen, (at stringfellow) , and it was awesome. Wines, vodka and Rum, and a drinking game. Lot of noise, guitar, shouting, and lots of chaos - all the elements of a party. Celebrating our entry to the world of MBA, the Cranfield experience.The party lasted till 5.30, and then we went to sleep (after eating tortillas with cheese which I dont remember the taste of).

And then the weekend started, which called for a visit to London (to visit my wife), and then came the Sunday, which brought the fun filled week to an end.

Sunday, October 03, 2010

India Vs China - revisited

In the wake of the ongoing Commonwealth games 2010, here is a nice article on how India and China are poised as the favorites for investors all over, and how they will fare in the longer term.

I agree with the writers view that India will grow faster than china in the coming few years, and I believe stronger governments at the center can even accelerate this process. If we are able to cross the hurdles of corruption and bureaucracy faster, we can beat China even in its size.

The CWG games ironically, will add a lot of impact to India's GDP (close to 4B USD) in the next 2-3 years and will create close to 2.5 million jobs. (Read economic times article)

http://www.economist.com/node/17147648

A quote - " ..... most foreign investors would probably pick China. The market is bigger, the government easier to deal with, and if your supply chain for manufactured goods does not pass through China your shareholders will demand to know why. But as the global economy becomes more knowledge-intensive, India’s advantage will grow..... "

Reference :

Economist article 'India's surprising economic miracle' - 30th Sept 2010

http://www.economist.com/node/17147648

Economic times article

7/10 Asian small-cap funds are Indian