[beat_the_matrix]

Originally Posted by redh0rn

Reiterating my core point here, it'd be daredevilish to 'pick' a future industry for you at this point of time, which is other than what you've worked in so far. Leave these pickings for better times. Right now, focus on improving your skills and knowledge and networking and other attributes of you as an employee/entrepreneur.

I like the points you raised. But would disagree with your core point here.

Forget about "sticking to same industry" or "choosing an industry of your liking", I bet the reason for MBA for many of us here is to follow career interests. For example, I wish to make a bigger impact on the successes of organizations I work for, something which I don't get to do in my techie role as of now. Unless job market totally tanks, I am not settling for any compromise in my job profile post MBA.

An MBA is probably the only chance for many to move into their desired profiles/industries. If one is very sure about a particular industry as your target and that industry happens to be in a soup right now, you better delay your MBA plan by a few years rather than opting for something else. I-banking is the only industry which is in this category as of now. As some one said earlier in this thread- once you are stuck in a particular profile/industry, it is very tough to get out of it.

As far as Indian economy is concerned, I find a big quantum of solace in the fact that it is largely a consumption based economy. Think of companies like Airtel, Reliance, ICICI, SBI, L&T. They have grown at the rate of above 20% YoY in last decade and still have plenty of market to go for even in this world wide financial ruckus.

I repeat my stand again - if you are very sure about your target industry, which happens to be have gloomy outlook- Evaluate the condition carefully and go for MBA only if you are determined to work your way out in case things don't improve. Getting in, thinking of a compromise in your career plans might not be a great idea.

Keep the debate on.. :angel:

[siddharth1gupta]

Originally Posted by beat_the_matrix

I like the points you raised. But would disagree with your core point here.

Forget about "sticking to same industry" or "choosing an industry of your liking", I bet the reason for MBA for many of us here is to follow career interests. For example, I wish to make a bigger impact on the successes of organizations I work for, something which I don't get to do in my techie role as of now. Unless job market totally tanks, I am not settling for any compromise in my job profile post MBA.

An MBA is probably the only chance for many to move into their desired profiles/industries. If one is very sure about a particular industry as your target and that industry happens to be in a soup right now, you better delay your MBA plan by a few years rather than opting for something else. I-banking is the only industry which is in this category as of now. As some one said earlier in this thread- once you are stuck in a particular profile/industry, it is very tough to get out of it.

As far as Indian economy is concerned, I find a big quantum of solace in the fact that it is largely a consumption based economy. Think of companies like Airtel, Reliance, ICICI, SBI, L&T. They have grown at the rate of above 20% YoY in last decade and still have plenty of market to go for even in this world wide financial ruckus.

I repeat my stand again - if you are very sure about your target industry, which happens to be have gloomy outlook- Evaluate the condition carefully and go for MBA only if you are determined to work your way out in case things don't improve. Getting in, thinking of a compromise in your career plans might not be a great idea.

Keep the debate on.. :angel:

since the last time a threat was received the length of the posts has tremendously increased .... lazy me can't comment of the content .... keep rocking ....

[siddharth1gupta]

Originally Posted by Pagla_betaal

Got the answer to my query...
thanks a ton !!

happy to help buddy .... i guess count of years of experience does not mean anything .... ultimately ....as they say .... the complete package needs to sound good .... so 2 years or 5 years or more .... if you are convinced you are good to go ....

[YoungNRestless]

<post deleted>

[YoungNRestless]

Originally Posted by bluepeas

Sure Vivek.

For the benefit of those who are still haunted by docs theory, here are a few interim results of the survey which can soothe your nerves...(32 respondents only)

Astounding 84% of all respondents(27 puys) felt that they have done their interview well. 56% (15)of them reported that their docs are uploaded.

Only 16% of the puys(5) reported that their interviews were not good..
60%(3) of them reported that their docs were uploaded.

More %(60%) of people who felt that they had bad interviews got their docs uploaded while just 56% of ppl who think that they had good interviews got their docs uploaded. However, since the number of ppl who reported bad interviews in this sample is very less (5 out of 32), no conclusions can be drawn. Let us wait for some more respondents...But these survey results are definitely interesting and clear a few false theories...

Survey link is Disprove Docs Theory

Since 32+ people did respond, I assume some people are still intrigued by the doc theory (or maybe they just like giving surveys?) and hence I'm making this post even though most other people have probably got tired of the topic.

Bluepeas, I don't mean to sound negative but your survey doesnt prove or disprove anything, because someone's perception of how his/her interview went has absolutely no correlation to whether he will get in. This has been proven by countless other surveys where 50-60% of people think their interview was good - it's obvious all of them cannot get selected.

Also, the interview round isn't a standalone round, it's viewed in conjunction with everything else, viz. essays/recos/workex

We can only get an idea of how accurate the theory is when the results actually come in.

[mad_scientist]

Much has been discussed here about when the results are gonna be out. Many tried their speculations, many failed. One thing is for sure (actually not for sure, but most probable) that by this weekend we'll know whats what.

Nobody else understands the pain and anxiety of waiting for this result, not our coworkers, not friends or family, but us. We've shared every bit of info we got or every thought we had with the rest of us coz we knew everybody else is going thru the same mindnumbing wait. Even though the doc upload theory or server down theories were complete hash, the intentions behind them were benign.

So if we have stuck with eachother till now, why should'nt we celebrate a little when the wait gets over.

What do u say ppl, lets party on Sunday...

[sorabh123]

Hello Folks!!

Wats this Doc theory all of you are speculating on ??

Tension is at its peak now. Lets all keep our fingers crossed and hope for the best

All the best to all R1s (including me)

Lets see who enjoys and who cries tommorow.

ATB to all R1s (including me) again

ENJOY MADI

[sorabh123]

Agree Dude!! Lets put aside all speculations and pray for all.

And once we are through this, lets get together and celebrate the sucess of Puys who get through.

ENJOY MADI

Originally Posted by mad_scientist

Much has been discussed here about when the results are gonna be out. Many tried their speculations, many failed. One thing is for sure (actually not for sure, but most probable) that by this weekend we'll know whats what.

Nobody else understands the pain and anxiety of waiting for this result, not our coworkers, not friends or family, but us. We've shared every bit of info we got or every thought we had with the rest of us coz we knew everybody else is going thru the same mindnumbing wait. Even though the doc upload theory or server down theories were complete hash, the intentions behind them were benign.

So if we have stuck with eachother till now, why should'nt we celebrate a little when the wait gets over.

What do u say ppl, lets party on Sunday...

[YoungNRestless]

My responses in bold, couldnt get the color thing to work, sorry.

Originally Posted by redh0rn

Hi, I'd love to make some comments on your, well, comments.

Anyway, in case my core point didn't shine through- it is- if you are looking to answer 'Why MBA?' in terms of looking for a career/industry/function switch, then it's futile to seal your choice of an industry you'd go on to work in 1.5 years from now.

.....
agreed, it's futile to seal your choice. But it's foolhardy to go into an mba with a totally blank mind about what one wants to do after graduating, which is what you seem to be implying.

....

Originally Posted by redh0rn

Reiterating my core point here, it'd be daredevilish to 'pick' a future industry for you at this point of time, which is other than what you've worked in so far. Leave these pickings for better times. Right now, focus on improving your skills and knowledge and networking and other attributes of you as an employee/entrepreneur.

Apologies if I misunderstood, but you seem to be forgetting that one needs to have 1-2 career options in mind while doing an mba, because one has to choose electives and specializations. It's a question of focus, or if not focus, then at least an inkling of a target industry.

If however, your point was that an mba is more about improving your "inner professional" rather than a certificate that'll allow you to get your dream job, then I agree with you.

[ps1234]

Originally Posted by redh0rn

Hi, I'd love to make some comments on your, well, comments.



I don't think it's practical for everyone here to wager his/her future career by deep diving into the business fundamentals of 'that' particular company/group of companies in 'that' particular industry, given the volatility around. Tell me, just how many people doubted the 'sound business fundamentals' of Lehmann Brothers' et al barely six months ago? And I do hope that you are well aware of how US regulators had called the now-dead banks as Too-big-to-fail. If government regulator can goof off so spectacularly, who are we to bet our career on 'sound business fundamentals' of any given industry. Anyway, in case my core point didn't shine through- it is- if you are looking to answer 'Why MBA?' in terms of looking for a career/industry/function switch, then it's futile to seal your choice of an industry you'd go on to work in 1.5 years from now.

- That's where learnings from b-schools come from, if you cannot pick it, and make decisions its your own personal faltering and not anybody else's. It's a mass mania which followed, and many people knew what will result, but nobody could stop, My friend, if you support that view and stay rigid about your point, God help you


I am sorry, but I am unable to see the point you are making or the context you are referring to. Talks of recession or slowdown are one thing, going into an actual recession, and the one that is engulfing rest of the world is quite another. Are you by any chance playing down the risks of the current recession in the US/Japan? See, seeing the dark clouds gathering overhead is one thing, you can do that till cows come home and not get affected by it, but when it starts to rain, you have to run or take cover to keep from wetting. I hope the analogy makes sense.

-- The are all inter-related, the world cannot go in recession in a manner of hour like you mentioned, it happens over a period of time, the current recession has been due to economic acitivities and flaws in governance over a period of time.

I agree, there's a (valid) school of thought that says that a slowdown from 8%-9% growth to 6%-7% doesn't mean much, after all, there aren't many economies growing at even 6%. But the way things are going, a growth shrinkage to even 4% or 5% is not ruled out within India, especially in the coming quarters. Yes, it's still not 'that' bad- but I hope we don't need to really discuss what'd be the implication of 4 percentage points shaved off from our GDP growth. Suffice it to say, it'll have a 'bad' all-round impact on the employment market in the country.

- That is out of question, you gotta be a real pessimist person to predict it.

On infrastructure development and domestic government spending, i have two points to offer:

1. Infrastructure projects are failing/struggling to meet deadlines, something that is obvious in the way steel prices are down/commercial vehicles sales are down. There is no money to fund these projects. Foreign players are pulling out. Don't believe what Planning commission says. Hear what everyone says and then form your own opinion.

-- If you dont hear and believe planning commission then my friend, you should not believe what PM or Finance minister say, this is most ridiculous argument i have ever heard about Planning Comission.

2. Government's tax revenues are witnessing a sharp decline. Collection of indirect taxes is down 5% in October (the pre-festive period, and a bad omen), and let's keep our fingers crossed for the coming months. If the government has no money (and they just exhausted a huge lot of their own coffers by giving pay commission arrears to so many government employees), where do you think the government spending is gonna come from?

- debts, bonds, FDI, there are various means of raising money to fund

Lastly, when you try to play down the crisis, I wonder what do you make of the following confluence of factors that are scaring most of the economy-watchers, including yours truly:

1. Consumer spending in the US, 70% of US' GDP, is down and is showing no signs of looking up.

2. Up until the nineties, the US would have pump primed its way out of domestic recession by increasing government spending. But the sad truth is, the US is already under trillion-dollar debt and if it continues to borrow more money, the world will lose all its confidence in dollar. So, too much borrowing is out of the question.

3. PM Manmohan Singh and Chidambaram are slogging their collective asses off trying to prevent flight of FII capital from the country (Just take a look at how fast our forex reserves are eroding to get a sense of the heat being faced by the PM/FM duo). What if their efforts to hold on to the floodgates fail?



This is ideal, textbookish, Forrest-Gumpish view for the future. Like billions, I do hope that it comes true. But since when did economy move by the book, my friend? Economy is an inexact science, I think that's how the Class IX textbook begins.

-- Again this brings the pessimist out of you. I never said i tried to play down economic crisis, you took my point wrongly, i based my own opinions, you took it personally. It may sound textbookish, but there's where you learn about Economics, my friend, you need little more reading yourself. I agree what you mentioned seems gloomy, but as i said, no body can predict what happens, and this is part of a cycle, which should subside.

Now you are talking like someone who's just seen a drink-and-drive accident and is advising others against the perils of drunken driving. The point is, that's the wisdom the entire world can claim to have gained in the preceding few weeks.



I can agree to a partial extent, if we were to add a qualifier that "don't let your focus on a given industry be caused by the so-called growth or career prospects in that industry".

Reiterating my core point here, it'd be daredevilish to 'pick' a future industry for you at this point of time, which is other than what you've worked in so far. Leave these pickings for better times. Right now, focus on improving your skills and knowledge and networking and other attributes of you as an employee/entrepreneur.

-- Again not focussing an industry or Function is like not being in right direction. What you mention is about core fundamental learnings, skills, but you gotta be sure when you pick up you Splz, and you electives, not knowing that and getting in MBA is like being an unguided missle which is bound to miss its target.