There is good news from the MYRA School of Business. Three of our PGPX students got placed in leadership roles in Week 1 of placement. One increased his CTC package by 100 percent. The other two hammered a 50 per cent raise. My colleagues and I were delighted. At the time of writing this note, four other PGPX students were interviewing. Only time will tell if the current record of 100 per cent increase in CTC will be broken.
I called my friends in a few other B Schools and shared our good news with them. They confirmed that the jumps in CTC packages from Rs. 12 lacs to Rs. 24 lacs in the case of one student and Rs. 12 lacs to Rs. 18 lacs in the case of two others were exceptional achievements by any standards. What made these raises even more significant (and shocking!) was the simple fact that the MYRA School of Business is new. We began our 1-year Post Graduate Program for Executives (PGPX) and 2-year Post Graduate Diploma in Management (PGDM) Program only in June 2013! OK. So let’s look at what got our guys such jaw dropping raises?
THEY PLAYED TO THEIR STRENGTHS. All three of our CTC record holders were experienced engineers. The Master Blaster – the guy who got the 100 per cent hike – was an IIT graduate. The two other heavy hitters took their engineering degrees from Anna University, Chennai and Vishveshwaraiah Technology University, Bangalore. They had 5 plus years of work experience in market leading companies before they joined the PGPX at MYRA School of Business last year.
The first obvious commonality between the three was that they had not migrated to an entirely new domain like FMCG or Finance. Clearly it pays to leverage one’s prior experiences within a domain. Five plus years of experience constitute considerable expertise gained on the job. And well-honed abilities to:
· Understand and speak the language of the domain
· Figure out understand top management expectations and translate them into value adds
· Tease out product cost structures and estimate cycle times
· Learning how to manage bosses, colleagues and subordinates.
The Master Blaster and the Heavy Hitters acquired this knowledge from their years of working in the domain. Their stint in the PGPX at MYRA School of Business gave them frameworks to integrate and articulate what they knew.
THEY KNEW THEIR STUFF. A great faculty, a great curriculum, a great batch are useless unless students work hard to internalize their learning and use it as required. The Master Blaster and Heavy Hitters from the MYRA School of Business trained like the actor Farhan Akhtar did to play Milkha Singh in Bhaag Milkha Bhaag. They recorded 95 plus per cent attendance. They planned out their work. They came prepared to class. They delivered assignments on time. They did well in examinations. They participated in class. They weren’t just trying to get grades. They were trying to upgrade themselves. And they did. They wanted to get maximum returns on their investments of time, effort and money in the PGPX at the MYRA School of Business. They realized that they needed to learn what MYRA School of Business had to teach them to be able to give intelligent answers to questions recruiters ask and convince the start-up honchos that you are a safe bet and most likely to succeed and grow in your job.
Playing to your strengths and knowing your stuff – seem to be the two pillars of success that in combination work to make you an outlier during placement season on campus. These lessons are what I got out of reflecting on the increases in CTC packages from Rs. 12 lacs to Rs. 24 lacs in the case of the Master Blaster and Rs. 12 lacs to Rs. 18 lacs in the case of the Heavy Hitters from the MYRA School of Business. I would love to get your feedback. Write to me at firstname.lastname@example.org. Look forward to hearing your reactions and learning from them.
Dr. Naga a.k.a. Nagananda Kumar (IIMA-1986)
Professor of Strategy & HR
MYRA School of Business, Mysore.
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