@sb29 - I have a doubt reg the vacancies for faculty positions generated in a year. Will that be sufficient to place all fellows? If the vacancies are less, isnt it logical to try for a research lvel positions in corporate firms?
@preethi1990
1. I think there is already a shortage at top tier institutes like IIMA, not to mention lower ranked schools.
2. The new IIMs are currently running at 60-90 seats while the older ones are running at 300-400 seats for their PGP program. As the newer IIMs expand, they have to hire more to maintain the student teacher ratio.
3. I am not sure, but I think majority of the FPM grads join the industry. So, it is not that all the vacancies currently are getting filled.
4. Many business houses are setting up/ plan to set up universities. They would need good teachers.
@preethi1990 @sb29 is correct...most of the FPs tend to join d industry once they graduate; plus d asymmetry dat exists in terms of d student-teacher ratio (even at top B-schools) is quite difficult to adjust as of now!!
@preethi1990 @sb29 is correct...most of the FPs tend to join d industry once they graduate; plus d asymmetry dat exists in terms of d student-teacher ratio (even at top B-schools) is quite difficult to adjust as of now!!
I agree, albeit I am not a PhD or FPM student as of now but going through the course content of FPM and PhD in other countries I have to say the PhD has so much emphasis on Academics and Literature that you are trained to go into academia and not Industry which I feel is right, the whole purpose of doing an advanced degree is lost if I want to go back to Industry but this is my opinion.
@Adymos I think one needs to know his/her priorities well...every other bit shall fall in place!! :)
@go2jain said:My experience:I had 760 in GMAT and 99.92 in CAT........ applied to the FPM in all top indian schools....got through all of them....... applied to Ivey league and Big Ten league schools in the US.....got through only 6 of them (had applied to 25)..... obviously the scores are only a part of your application.....but, I just want to tell you that it is more difficult to get into US B schools.... Now when I am a part of one of them.....I know that our scores are more important than we think they are....About the academia/ corporate training debate: I can safely say that PhD programs in US are designed to train you for the academia...... do not even utter the word 'corporate' during your admissions process (although there are many who take up a corporate job)....I will be happy to help you if you have some general questions about PhD in US..... you can PM me.......
what if one were to talk about getting into a research role like in ADB or IMF or say the planning commission of India. Would that affect the chances of getting admit into a Ph.D. program?
"Most FPM graduates join the industry and not the academia" - Why?
I just want to cite some facts:
I was shocked to learn from my professor (Indian School of Mines, Dhanbad faculty) that until 2010, there was no policy for promotion. He had to compete with outside candidates for Open Positions in the Institute when he fulfilled the requisite criteria for a higher post. And this happened thrice - while he was Lecturer, Asst. Prof and Asso Prof. Remember, ISM is an institute which is AT PAR with IITs and IIMs when it comes to pay grades and related policies. Further, for consultative projects, cash generated is not paid to the profs. Instead, the cash is deposited in PDF (Professional Development Fund) which the profs can use for buying laptops and mobiles and some other limited products.
Little wonder that less than 1% of IIT (don't know about IIM) students opt for M.Tech/Ph.D Given this situation, is joining the academia merely not an act of COMMUNITY SERVICE in the interest of the nation or solely a matter of love for research and teaching, or that maybe some are forced to do so due so some personal problems? Many of the candidates join FPM with a stipend less than even half of what they already have been earning. After completing FPM and joining academics, they get no more than the PGP students----why should anyone be interested apart from their sheer love for the subject and say, hassle-free life?
Definitely, the Govt. and people responsible for policy making should have a good look into the scenario, or else, this demand-supply gap for faculty would be constantly increasing.
...incidentally, an FPM equips one to survive in the industry in the best possible way (when compared to all PhD programmes).
@go2jain said:@pendyal in india(for FPM) it works.......For US or Europe (PhD) it may work for econ, accounting, finance.....but showing an inclination towards a corporate career (even for research profiles) can decrease your chances of an admit if you are applying to other verticals such as marketing, HR, OB, operations etc
have been interested in public policy and economics (specifically developmental economics)....was wondering if i cud mention working with policy making organizations as a short term career goal in that case....
@go2jain said:@pendyal in india(for FPM) it works.......For US or Europe (PhD) it may work for econ, accounting, finance.....but showing an inclination towards a corporate career (even for research profiles) can decrease your chances of an admit if you are applying to other verticals such as marketing, HR, OB, operations etc
What about Ph.D from any reputed Australian universiity?
@pendyal In my opinion, if you are interested in doing a PhD in a business school, you should not write this. The adcoms in business schools are specifically looking at people who want to join academics because of the shortage of business professors. Even the training you get during your PhD is highly academics focused. So there will be no alignment between the training that you receive, the objectives of the department and your ultimate goals. If this is what your interest is, I would suggest that you look for a PhD in the econ dept of a university.
I work in TCS and having 20 months of work experience.
CAT %ile: 87.97.
Good academics.
Which colleges/institutions would be better for me to pursue FPM ? Please enlighten.
Really nice thoughts!!!
I actually feel that PhD or FPM is for those who have a passion or interest in Academics. Yes you do not get the kind of money others get but then you are doing something that interests you something that you like which I feel is far greater than Money.
@Adymos said:Yes you do not get the kind of money others get
It depends on where you are teaching. Internationally, business professors are extremely well paid. Starting salaries for Assistant Professors in the US range from USD 100-140 KPA. Recent media reports indicate that in India, an Assistant Professor at ISB draws around INR 40-50 LPA. But ISB primarily recruits PhDs from good foreign universities.
@dd2013 true. It is definitely not about social service.
You may check this link to know more about faculty salaries.
@sb29 Thanks for sharing the report.I feel more motivated to join the doctoral programme.This is the reason I love PG...
Any updates on IIMC or IIMI FPM shortlist??
any body having call from C,B,L.