Fpm 2013

@Anisen Tried calling them but no one`s picking up... guess they r done for the day.. will call them tomorrow morning
@Muneza All including JRFs need to take RAT in IIM-B.
@Anisen that's shocking
@mmgg Ok...

at IIM C, what cn be the interview type for strategy group...

@nishanta2006 the focus will be less on academics because it can be improved in the first year of FPM. The most important thing they try to figure out and what we take most lightly is interest of the candidate in FPM becz unlike PGPM, FPM is a much lengthier and rigorous course. So, the question will be why FPM? What after FPM? Why IIM C why not A? What will u do in ur research area? etc.
@mmgg Thx.....i am a PGP from IIM C...2006 passout....I hope they do not ask me tricky questions :P
@nishanta2006 Hi...dear..in Finance any idea which sort of questions can be their? Any FPM research topic is too much important?? I am not that much clear with it still..plz thanks
@Muneza Hey hi...Actually i am just an MBA frm IIM C...so I am sailing in the same boat as you....as far as FPM is concerned...:)
@nishanta2006 just an MBA 😛

@nishanta2006 I don't think they should have any issue in taking their own alumnus. Reason is the recommendation of the FPM committee which decided to exempt IIM alumni from taking written test in order to increase the quantity and quality of their FPM program. So, you will be given first preference in any case. Moreover ur competition will only with other IIM alumni only. By the way how can u afford to say that you are "just" an MBA?
@mmgg well...i mentioned "just" to emphasize to @Muneza that I am not already doing FPM....so may not be able to answer FPM based question...

All the best....to all...and me! :)
@horsehead
@horsehead said:
Well I have been selected for RAT in Finance and Accounts Area at IIM-B. Here is my full profile:X- 82.4XII- 71Btech (Amity University)- 67.3MBA- Finance (West Bengal University of Technology)- 71Work ex- 1 yr as derivatives analyst, 8 months as Eco and Finance LecturerNO UGC NET/NO GMAT/ NO GRE/NO GATEFrankly I have no idea what impressed the admission committee as nothing in my profile jumps out and impresses. May be they liked my SOP. So moral of the story is "Just Apply and hope for the best" Questions to Seniors:1. Is accomodation at IIM-B free or is it paid? 2. Is there any area specific test at IIM-B for finance area? If yes, what kind of questions are asked? Is it an objective test or a subjective test?Adios
..the fact dat u have relevant work-ex & teaching experience as well earned u a call...all the best for d rest!! :)
@monikamundra I also applied for those two domains - marketing and corporate strategy. please inform us when u receive any update from IIMB.

Here I would try to answer some of the queries as raised in few of the previous posts

1. Strategy Group FPM interview - Strategy group generally takes two rounds of interview on day 1 itself and is quite choosy. Generally ex IIM/FMS grads or people with high work ex are preferred. Why strategy becomes a very important question.
Actually the starting point in all interviews is why do you want to do FPM in XYZ field? Whatever your answer be , it would start from there only.

2. On day 1 at IIM cal general expectation is that out of 160 people called for interview about 40 would be short-listed for next round on day 2
( All numbers are tentative/speculative and based on expectations generated by last years' numbers)

@joyiitg : Sure. you too pls.

ok... just now spoke to one lady from the IIMB fpm admissions team... the calls for QM are not yet out... it can be expected by tomorrow (tentatively)

@sayanddude What about shortlist for strategy?
@nishanta2006 didn`t asked about it.... u can call them at 08026993013
Interview Experience at IIM Ahmedabad

My Profile
: 84.8% in 10th, 83.4% in 12th, 74.35% in BE (Instrumentation and Control), NSIT, New Delhi.

Work Experience: 32 months at Engineers India Limited.
I had published a paper at an international conference one year after Engineering in “Control Systems”.

Area: Economics

Date: 11/03/2013

Panelists: Let me call them P1, P2 and P3

I walked in at 9:40 AM and handed over my file to the interviewers. They were intently going through my SOP meanwhile.
P3: So, why Economics?
Me: [Gave my reasons]

P3: Why didn't you pursue Economics then? Why did you go for Engineering?
Me: [Answered] Mentioned at the end that I want to work with J-PAL. (Abdul Lateef Jameel Poverty Action Lab, Massachusetts Institute of Technology).

P3: So, why don't you apply to them directly?
Me: [Answered]. Mentioned about my having great regards for management education at IIM A,B,C and wanting to study concepts of management too so that I can take a different perspective to the table when I do apply to J-PAL. I also mentioned that I want to learn economics in all its theory and Mathematics.

P3 (took the bait): Differentiate (e raised to the power of log x)
Me: [Differentiated it in a jiffy]

P3: This is not how an engineer differentiates. Try again. Tell me what an “inverse function” means.
Me: [Answered]

P3: This answer is not befitting of an engineer. Give me a more rigorous definition.
Me: [Tried to come up with something]. P3 cut me in between and asked me to differentiate the function again using what I had spoken of inverse function. I solved it correctly. P3 asked me the interval in which it was differentiable. I answered that too.]

P3: Differentiate modulus of x.
Me: [Drew the graph, derived LHD and RHD and concluded that modulus of x is not differentiable at x=0]

P2: Asked me if it was continuous.
Me: [I initially said no on which few eyebrows rose. I took the cue and solved it this time, derived LHL and RHL and finally concluded that modulus of x is a continuous function]

P2 (was going through my SOP): So you have mentioned about Arrow's Impossibility theorem. What is it?
Me: [Answered with an example]

P1: So, you have mentioned that you want to work to improve the state of education in India. What is the current literacy rate?
Me: [Gave the statistics]

P1: How is literacy measured?
Me: [Answered]

P3: Give me two ways to improve the present state of education in India.
Me: I told them that at the current literacy rate, we as a country are producing at a far lesser potential GDP than we are actually capable of. This is because people are illiterate and thus unemployable. So, first we need to universalize education and then improve its quality by leaps and bounds.

P2: Where does economics come into all of this?
Me: I quoted Adam Smith and told them about incentivizing a person to make him maximize his utility and have him accomplish the required task. I told them about my desire to work on the present “incentive structures” for the teachers in order to attract better people in the profession.

P3: So, how will you measure the performance of a teacher?
Me: [Answered something but I was myself not satisfied with my own answer]

P2: How will you incentivize a good teacher?
Me: [Spoke about rewarding the teachers with bonuses on the monetary side and giving them greater autonomy on the psychological side.]

P2: So you have been mentioning lot of terms- GDP, incentives etc. You have also been mentioning lot of names- Adam Smith, Sen, Dreze, Arrow, and Pareto. So, what is Pareto optimality? What is Pareto?
Me: [Answered him about Pareto being an Economists and one of the “New Welfare Economists” along with Kaldor and Hicks. I also defined Pareto Optimality]

P2: So, that would be all. Thank you. Please remember to collect your file.
Me: Thank you Sirs.