[nidhi148]

Originally Posted by serendipity2411

Hi Everyone, I am going to NM on tues. If anyone needs any information, please leave a message, will get back to you guys or will post it here.

plz find out when wud dey let us knw whether v hv got a seat under mgt quota. No last date is given on d website. Thnx in advance.

[aschauhan]

Originally Posted by delusionservice

arrey merey bhai..maan liya BFSI is the highest paying sector..but do u know what's the actual scene @ MBA-Banking?with not even a single batch having seen the light of final placements(the 1st batch would b passing out in 09) let me give u a picture of the summers this yr..

1)not a single so called BFS bigwig(the ones which actually offer sky-high CTCs) like Goldmann, Lehmann, JPMC etc. had allowed MBA-Banking ppl 2 appear in their summers recruitment process..

2)only 2(out of 30) students could get themselves placed through the placement cell..one at KOTAK and the other at ICICI probably..coincidentally these were the ONLY 2 Fin firms which allowed Banking students to compete alongwith the CORE/CAP-MARK MBA students in their summer recruitments..

3)out of the rest 28, 22 were placed in the same firm(HDFC) by leveraging the personal contact of their HoD..no interviews, no campus visits, no stipend..nothing at all..all "placed" en masse like a bunch of chickens stuffed into a 'tokree' overnight..what's more shocking is that seemingly they're quite satisfied with it..

4)rest 6 were placed in Bank of India, Bank of Baroda etc. etc. Nationalized banks..again without interviews or stipend..God knows since when did Nationalized banks had developed positions for MBAs coz all it takes to be a Manager/Asst-Mngr at any such bank is a simple graduate degree and success in sum crappy All-India Bank XYZ exam..infact Banking ppl had got so desparate that they were even planning to sit for Dena Bank's summer recruitment process..ironically not even Dena Bank had allowed them when it came down to the campus..even if it had, one could only have pity at Banking guys who dreamt of doing summers at Merryl Lynch and landed up in Dena Bank!!

so guys bottomline is that if u want to be an Asst-Mngr at some dilapidated nationalized bank, MBA-Banking is the perfect course for you..as for getting placed with the BFSI MNCs please step aside for the CORE and CAP-MARKS guys..

Probably, all the guys out here are aware of these facts... (at least, I am).. And, the major concern was not that whether the companies will allow banking students to sit or not, it was fairly under the hands of management (from insti's side) who miserably (or deliberately) failed to project the banking guys in front of those companies (all due to the ongoing conflicts between core and sectoral- of which sectoral guys tends to become the loosers)


Secondly, I am sure being even a core-Finance guy, does not gurantee you a dream job in ur dream investment bank. What I believe is that if the conflicts is resolved (which is not gonna done that soon, if the guys would continue to have that 'inferior' perception of banking (or other sectors) as compared to core finance or other courses), then only the capability and knowledge of the students will decide their fate.

Thirdly, I would sincerely request you to please do not demotivate others here. I know that issues which could come up during the placement times, just because I am a banking student and not the core-finance or the Cap-Mkts. And, I am sure, if the same is taken in the positive spirits, this difference would be dissolved away within next 2 years.

Lastly, wish you good luck for your sky-high placements.

[pradeep.mats]

Hello Delusion,

Quite happy to learn that you have been really digging up to know the real scene and facts (A Manager needs to. Appreciate you for the same.)

One very important you missed out in your inference is that every nascent entity will have some initial glitches. It's only after a few initial wear and tear will the process and the entity mature. Do you believe the first time IIM Ahmedabad came up with an MBA course, it was able to attract fortune 500 companies to its campus? I know many uncles (IIM A alumnis) who have worked in such small firms in their budding stage even after an IIM A degree.

NMIMS been into Management Studies for so long will surely might have applied huge thought process before commencing such sector specific programmes. Also cooporate world will soon recognise the need of sector oriented studies. Just to qoute an example (First came electrical, then electornics, then electronics and instrumentation. Now the industry recognises each of them just because you need specialised people to handle specialised jobs).

4)rest 6 were placed in Bank of India, Bank of Baroda etc. etc. Nationalized banks..again without interviews or stipend..God knows since when did Nationalized banks had developed positions for MBAs coz all it takes to be a Manager/Asst-Mngr at any such bank is a simple graduate degree and success in sum crappy All-India Bank XYZ exam..infact Banking ppl had got so desparate that they were even planning to sit for Dena Bank's summer recruitment process..ironically not even Dena Bank had allowed them when it came down to the campus..even if it had, one could only have pity at Banking guys who dreamt of doing summers at Merryl Lynch and landed up in Dena Bank!!

The above quote from your post apparently indicates a look down attitude (A very ill aspect for a Manager) of yours towards a job. Understand many of our parents might be related to such organisations and earned their bread and butter sitting 9 hours in such offices. Learn something from Mahatma Gandhi to respect each job.

so guys bottomline is that if u want to be an Asst-Mngr at some dilapidated nationalized bank, MBA-Banking is the perfect course for you..as for getting placed with the BFSI

out of the rest 28, 22 were placed in the same firm(HDFC) by leveraging the personal contact of their HoD..no interviews, no campus visits, no stipend..nothing at all..all "placed" en masse like a bunch of chickens stuffed into a 'tokree' overnight..what's more shocking is that seemingly they're quite satisfied with it..

Basic Flaw in your inference who told you that students were satisfied with it did you meet everyone of them or a mass of them to make such a conclusion. Remember E Sreedharan once worked with Indian Railways (Once in dilapidated condition) to earn the Indian of the Year. Show Respect to earn Respect Dude (Basic Skills for a Manager)....

Originally Posted by delusionservice

arrey merey bhai..maan liya BFSI is the highest paying sector..but do u know what's the actual scene @ MBA-Banking?with not even a single batch having seen the light of final placements(the 1st batch would b passing out in 09) let me give u a picture of the summers this yr..

Originally Posted by delusionservice

1)not a single so called BFS bigwig(the ones which actually offer sky-high CTCs) like Goldmann, Lehmann, JPMC etc. had allowed MBA-Banking ppl 2 appear in their summers recruitment process..

2)only 2(out of 30) students could get themselves placed through the placement cell..one at KOTAK and the other at ICICI probably..coincidentally these were the ONLY 2 Fin firms which allowed Banking students to compete alongwith the CORE/CAP-MARK MBA students in their summer recruitments..

3)out of the rest 28, 22 were placed in the same firm(HDFC) by leveraging the personal contact of their HoD..no interviews, no campus visits, no stipend..nothing at all..all "placed" en masse like a bunch of chickens stuffed into a 'tokree' overnight..what's more shocking is that seemingly they're quite satisfied with it..

4)rest 6 were placed in Bank of India, Bank of Baroda etc. etc. Nationalized banks..again without interviews or stipend..God knows since when did Nationalized banks had developed positions for MBAs coz all it takes to be a Manager/Asst-Mngr at any such bank is a simple graduate degree and success in sum crappy All-India Bank XYZ exam..infact Banking ppl had got so desparate that they were even planning to sit for Dena Bank's summer recruitment process..ironically not even Dena Bank had allowed them when it came down to the campus..even if it had, one could only have pity at Banking guys who dreamt of doing summers at Merryl Lynch and landed up in Dena Bank!!

so guys bottomline is that if u want to be an Asst-Mngr at some dilapidated nationalized bank, MBA-Banking is the perfect course for you..as for getting placed with the BFSI MNCs please step aside for the CORE and CAP-MARKS guys..

[jitendra_pd82]

Originally Posted by delusionservice

arrey merey bhai..maan liya BFSI is the highest paying sector..but do u know what's the actual scene @ MBA-Banking?with not even a single batch having seen the light of final placements(the 1st batch would b passing out in 09) let me give u a picture of the summers this yr..

1)not a single so called BFS bigwig(the ones which actually offer sky-high CTCs) like Goldmann, Lehmann, JPMC etc. had allowed MBA-Banking ppl 2 appear in their summers recruitment process..


so guys bottomline is that if u want to be an Asst-Mngr at some dilapidated nationalized bank, MBA-Banking is the perfect course for you..as for getting placed with the BFSI MNCs please step aside for the CORE and CAP-MARKS guys..

@ Delusion,

I believe the above info could have been written in a much lighter way without hurting anyone's sentiment.
However if the above mentioned details are true, we need to accept it and thanks for throwing light on the internal details.
I would appreciate if you could provide some info on Global Business spec as well.


@ All,

I get to speak to one of our Sectoral senior, and as per him there is going to be a separate Placement Committee for SEctoral grp from this year.
He was uncertain about its impact but said it could hurt placements for our batch atleast.
But then its not only abt the placements, its more of brand name and the learnings we will get at NM.
So cheer up guys. Dont panic.
We all r fighters.:gunsmilie:
Quitters never win, Winners never Quit.

[gogo19]

guys..ny1 got admission under mgmt quota in global business....pls do post here....atleast me n others lik me will cme to knw tat we r nt selected....pls ny 1???

[Dextor]

Hi Delusion
I think you can throw some light on other sectors also.
Atleast you are the first person who is sharing some info about the college's new program. No one else is interested at all.

[nerdicgeekoid]

Hello All,

Just wanted to add a bit of gyaan on this informative discussion. I presume almost all of us present here are well versed with the posts on different threads on this fascinating forum. Many of us (I aint included) already have some kind of experience working in the corporate sector. But of what I have seen with respect to my cousins, seniors and peers is that a person with a postgraduate degree from even an average institue perfoms very well and is rewarded suitably in the industry if he/she is interested in the work being pursued. Yes, the recognition and appraisals might not be instant, but I firmly believe that if you are in love with your profession, the dimension of time is but an inevitability, in your path to achieve glory and success. So if any of you does want to carve a career in BFSI (I think it stands for Banking, Finance, Security and Insurance) and are getting an opportunity to pursue MBA(Banking) from NMIMS then my suggestion would be to go ahead with it as the institute ensures that you are taught by eminent faculty, are given ample opportunities to prove yourself in curriculars and extracurriculars and will surely be placed in a decent organization by all means and going by the institute's standards the placement figures would surely be an enviable proposition. You might not be placed in world class finance related organisations and banks, but HDFC, ICICI and Kotak are very good organizations to begin your career in. And I believe it is just a matter of time before GoldmanSachs, Ernst & Young, KPMG etc start recruiting.

At the same time, I would also bring to everyone's notice here that I aint a student of NMIMS and am not at all interested in entering the world of finance as neither my aptitude nor my attitude are suitable for contributing fruitfully in this domain. But I just felt like venting out my thoughts and I hope I did'nt fluster anyone in this process.

(I absolutely love these emoticons!)

[coolanky]

well heres a community for all those who wud be joining Actuarial Science
http://www.orkut.com/Community.aspx?...9438&refresh=1

I wud suggesst all to join d common community nd ur sectors specific communities.as this wud help us in a long term goal........

[angrejan]

Originally Posted by nerdicgeekoid

Hello All,

Just wanted to add a bit of gyaan on this informative discussion. I presume almost all of us present here are well versed with the posts on different threads on this fascinating forum. Many of us (I aint included) already have some kind of experience working in the corporate sector. But of what I have seen with respect to my cousins, seniors and peers is that a person with a postgraduate degree from even an average institue perfoms very well and is rewarded suitably in the industry if he/she is interested in the work being pursued. Yes, the recognition and appraisals might not be instant, but I firmly believe that if you are in love with your profession, the dimension of time is but an inevitability, in your path to achieve glory and success. So if any of you does want to carve a career in BFSI (I think it stands for Banking, Finance, Security and Insurance) and are getting an opportunity to pursue MBA(Banking) from NMIMS then my suggestion would be to go ahead with it as the institute ensures that you are taught by eminent faculty, are given ample opportunities to prove yourself in curriculars and extracurriculars and will surely be placed in a decent organization by all means and going by the institute's standards the placement figures would surely be an enviable proposition. You might not be placed in world class finance related organisations and banks, but HDFC, ICICI and Kotak are very good organizations to begin your career in. And I believe it is just a matter of time before GoldmanSachs, Ernst & Young, KPMG etc start recruiting.

Hi guys, i absolutely agree with his point,moreover respect him for his views! all these discussions about banking(moreover this sectoral v/s core thing!) are coz the banking guys(our seniors!) are not placed yet(they'll be placed in 09') & we don't have the placement report of any kind in our hand like in other sectoral programs! So we are apprehensive about the placements,that's what making us so conscious! moreover we are forgetting the value of this sector(banking!),that will be on Boom from 09' as per few changes in banking sector(policies) by Govt commencing from the financial year 09'! At that time the scenario would be different! we have all the reasons to be futuristic,patient & obviously optimistic coz we have 2 yrs in our hand & that much time is enuf to bring abt changes(+ve!). There is no harm in analyzing the situation but one shud look at this from every possible perspective!
Cheers to all,especially the ones in banking!
Rashi.

[access2rajat]

Hi puys...i too agree with nerdicgeekoid and rashi....the program introduction of Banking on NM website clearly states the reason behind starting banking as specialisation...also students are expected to reap benefits of this programme from 2009 onwards....so NM with its vision has rightly started this programme from 2007 and will certainly going to have a competitive edge..when other institutes also plan to start this....

also...due to sub-prime crisis banks like citibank and UBS have talked about expanding their operations in asia particularly India to increase their credit exposure...

apart from that..if the news about having a separate placement commitee fror sectoral people is true...then that may be good for us..as NM then wud be able to special focus on this niche sectors as well...and this might to some extent diffuse problems between core n sectoral guys(if thr is any)...

in the end i feel...institute shud market all its courses in equal measure and leave it to the companies coming for placements to decide which kid of people they want for their specific purposes...

So puys...cheer up...we are all gonna rock!!!........