Hi Friends
Dont think abt quality of this programme , its a normal programme and there is no value for this course as like top b school , thnk abt only package n icicu experience , icici experience would help u lot , but i am dam sure after 3 years there would be problem for u guys to switch job ,
n most important things guys asked for Fixed salary , beacuse icici variable is laways 30 % n there is no uses of it
Hi Friends
Dont think abt quality of this programme , its a normal programme and there is no value for this course as like top b school , thnk abt only package n icicu experience , icici experience would help u lot , but i am dam sure after 3 years there would be problem for u guys to switch job ,
n most important things guys asked for Fixed salary , beacuse icici variable is laways 30 % n there is no uses of it
Hi guys,
What ever I know about myself, I am getting one year live experience before starting my job and this is the biggest thing for me.
Even in my present company like TCS with all policies , I have technical degree but when I realised while working that I am good in business analysis , I swithed over to this.I got this role without any MBA degree .So its 90% about individual ,this is my view.
And I know the art that how to learn from work instead of books or class room case studies where ever it is.
Hi puyz
These are very gud posts which can help us in depth analysis abt the course.I did asked the lady from NIIT abt the clg and its accredition.She replied me saying that it is AICTE accredited and the course is really fantastic for finance guyz.But am basically a chemical engineer and i am looking out for a consultant sort of a thinh even before I had seen this advertisement.My dad is a Regional Branch Manager in Andhra Bank and he is continuously making me think abt the course by hinting at its merits and its wide scope all around the world.Coming to the 6 day week am in industrial sector where we work in shifts and its hard to say that even we need to app,y leave prior for the public holidays.But we can claim the COff.The basic thing which I want to clarify is that that doesnt make sense to me. But I was thinking abt the job scope and its competition, stress sort of things.Guyz or seniors plz try to clarify my doubt.One may feel that even bfore getting the results theja is so worried.But I want to think abt the next step way ahead of reaching there.Puyz pls suggest options for not only me but also all the current puyz abd the future puyz who read this thread in future.
Hi Theja,
With great money comes great responsibility.
In any sector senior or middle management position is always stressful job , so no issues.
Hi Friends
Dont think abt quality of this programme , its a normal programme and there is no value for this course as like top b school , thnk abt only package n icicu experience , icici experience would help u lot , but i am dam sure after 3 years there would be problem for u guys to switch job ,
n most important things guys asked for Fixed salary , beacuse icici variable is laways 30 % n there is no uses of it
Boss,
If everybody will have same salary then there will be no competition.I kno variable is being given only to top grade employees,so instead of thinking no variable, try to be in best grades , and then also if u ll not get variable then u should decide wat to do.
mba85pag Sayshey rascala...there are 120 seats only...and i know i am not in... u have 100% chances....
oh only 120 seats ... i guess 6 major centers - each day avg 200 students .. 3 days = total 200*3*6 = arround 3500 students . 40% select for PI = around 1400 students . ie 140 will get selected .. that mean 1:10 probability . that means in a batch of 10 ppl who go for gdpi .. only 1 get selected.
:shock:
oh only 120 seats ... i guess 6 major centers - each day avg 200 students .. 3 days = total 200*3*6 = arround 3500 students . 40% select for PI = around 1400 students . ie 140 will get selected .. that mean 1:10 probability . that means in a batch of 10 ppl who go for gdpi .. only 1 get selected.
:shock:
U have been appeared on which day in chennai? I was in 3rd feb batch.
What ICICI Looks For in Employees--
"If your love affair is with the computer, sorry, don't come to us," says K. Ramkumar, head of human resources at ICICI Group, in an interview. Rather, what ICICI looks for in its employees is passion, action, problem-solving and people skills, he says.
Here are edited excerpts from our conversation.
WSJ: What are your biggest challenges as HR chief of such a large organization?
Mr. Ramkumar: The single biggest challenge, not just for ICICI, but all Indian companies today is our demography. Sixty to 65% of our people are very young, while 25% of our people are 48 years or 50 years old.
There are very, very few people in their 30s and 40s. The middle management is missing.
This challenge will exist for the next 10 years. One way we try to overcome this is by indentifying bright, young people quickly and betting on them.
We put them into larger and bigger jobs, which others in the market will not do. We try to accelerate the process of maturity by exposing them to more problems, and a diverse set of problems. We tell them: You can fail 10 times, 11th time you have to succeed.
For every one out of 10 people who succeed, I am creating a middle manager.
The average age of an ICICI middle manager is 32 years. Ideally, I would have had them at 38.
WSJ: What are your other challenges?
Mr. Ramkumar: The second challenge for us, as a large organization with 3,500 offices, is to keep in touch with our employees. How do you create a culture in which employees don't feel scared to stand up and state what their needs are? How to make them feel that they belong to ICICI?
To create the fabric of ICICI, we share something called the DNA of the company (which includes qualities like passion, and collaboration).
Second, we produce a quarterly video communication magazine i-Voice, which brings a ringside view of how policies are made which affect employees. We have employee journalists who file stories. It also has ICICI news, including an explanation of the company's financial statements.
I would give myself 40% to 50% marks on how well we do this. We have miles to go.
WSJ: Do you use Facebook or Twitter to communicate with employees?
Mr. Ramkumar: We don't believe today that Facebook and Twitter are mature, legitimate forums in which you can run meaningful discussions. They are more for fun. Until social networking sites morph to disciplined, self-regulated and identity-based discussions - I don't want anonymous people coming in - we will wait.
Let me come back to the challenges we face.
A big one is to create a sustainable supply chain of good quality people. Most organizations in India have an attrition rate of 20% to 25% every year. If your policy is to go to the competition and hire people at any cost, you'll pay yourself to bankruptcy.
In 2006, we decided to create a supply structure at every level.
At the entry level - jobs like customer services, phone banking - we need 8,000 to 9,000 people every year. We tied up with NIIT Ltd. to create the Institute for Finance, Banking and Insurance, which runs a six-month vocational program. We hire 5,000 to 6,000 of its graduates.
We require 1,800 to 2,000 people in the first level of management every year. For this, we look for people from economically disadvantaged families, which earn less than 300,000 rupees ($6,600) a year.
They appear for our business school entrance test, and can give their interview in their mother tongue. These people are often shy about speaking in English.
Of the 100,000 applicants who take our test, we select 2,000 candidates and give them an education loan to attend a management-caliber course at the ICICI Manipal Academy for Banking and Insurance. If they stay with ICICI for three years, we write off their loan.
At the senior-level, we hardly ever recruit from outside.
Where I still don't have a solution is for my middle managers. Every year, we hire 3,000 to 4,000 managers, often from other industries like fast-moving consumer goods, pharmaceuticals, and chemicals. They attend short courses within ICICI meant to make them bankers.
Overall, I think we address this challenge very well. I would give myself 75% to 80% marks.
WSJ: How do you keep your middle managers from leaving?
Mr. Ramkumar: Our middle-level attribution is next to nothing - 8% to 10%. I could say we give them bigger jobs, more challenging jobs, we give greater empowerment, but honestly, we don't know. There is an x-factor at work. My best people in middle management hardly ever leave.
We're not the best pay masters. We're as good as other Indian private banks are but we are nowhere near the multi-national banks.
WSJ: What makes someone an ideal ICICI employee?
Mr. Ramkumar: You'll have to have a lot of passion to work at ICICI. You should be a problem-solver. You may not succeed in solving the problem but your orientation should be to keep trying. You should have willingness to learn. Come back and say: I don't know. We'll teach you.
We like people who are very action-oriented. We don't like laid back, dull people, however intelligent they are. I don't want Einsteins only. If your love affair is with the computer, sorry don't come to us. We do business with humans. Engage people. Be in the company of people.
At the middle (management) level, I want people who nurture great talent, who put systems and processes into place, and who are problem solvers.
At the senior level, I look for people who can set the change agenda, mobilize people in support of the change and cause the change.
WSJ: During the downturn, ICICI had to freeze bonuses and increments. You have reinstituted them, but has that caused some bad blood among employees?
Mr. Ramkumar: I think it's a good thing that happened. It taught employees that unless you perform, you should be ashamed of taking a bonus. It's a strong statement, I believe it.
At that point (in 200
, did it dampen the spirit of people? Yes. Was it meant to dampen the spirit of people? Yes.
How dare you take money before you have paid the shareholder?
People moan and groan for a month and thereafter everybody gets on with their job.
Appeared on 3rd feb for GD/PI in mumbai. Approx 75 candidates present (out of 90) & undergone GD process. 33 - 35 called for interview.
mine was 5th batch & case was abt granting loan to cement industry. 5 out of 10 were selected for PI round.
I wait for abt 3 - 4 hr (actually I was the last one interviewed by panel). When I entered room I found 2 men were sitting & middle chair was empty. The interviewer sitting left side to me was busy with his cell phone. After 30 - 45 Sec he asked me ... I didn't get your name... Infact I didn't utter even a single word & from this I come to know that they are least interested to take interview.
They have 4 copies of CV & Supplementary sheet but I found they were least interested even to touch them.
My interview started ... What's my nature of work.. I started explaning abt my design that I released till date & problem solved in existing designs ..... in between third interviewer came & interrupt me ...
He sarted firing questions while I was answering last that he asked.
1. Tell me abt ur self ... During explaination when I told abt my patents .. he stops me immediately & told hold on . Will come later on your patents. & later they were not.
2. you are good at academics then why not ISB, IIM's program ??
3. Why ICICI NIIT program ?? I answered - It is a unique program where I get an opportunity to earn while learn as I have some financial obligations.. I am justifying by putting other reasons inbetween interviewer asked .. if suppose ICICI stops this then ?? I answred it.
3. your carrer development till date in your organization. (had lot of accomplishmnets but I think I was not presented them properly)
After 25 -30 mins I was told to ask some questions. I just asked : When we can expect results ?? He smiled & reply me ..Any time on 20th or 21st.
Screwed completely ... 😞
pray for me .. Wish u All the best to puys.
Hi All ,
Very Good Afternoon . First of all , I would like to introduce myself . My name is Anupam , currently working as Software Engineer (IBM Pune). I have total 3 years of experience .
My GD/PI was at Sinhgad College,Pune(3rd Feb) . Total around 50 guys came for the interview, out of which around 14 were selected for the PI .
In my group, there were 10, out of which 5 were selected including me .
Just after 10-15 mins , I was called for PI. They asked me very basic questions (Don't know why ). PI was for around 20 mins . Don't know what will happen ?
Now guys, need your help ..........
Incase I get shortlisted, I have to join somewhere in April . But I am working at IBM and here I have a notice period of 3 months . Even I came to know that they have stopped buy out policy. So guys , please guide me. I seriously want to join this course . Is there any excuse through which we can get rid (negotiate it to 1 month) notice period ....
Guys, seriously need your suggestion . Thanks a lot in advance ...
regards
Anupam:|
Hi All ,
Very Good Afternoon . First of all , I would like to introduce myself . My name is Anupam , currently working as Software Engineer (IBM Pune). I have total 3 years of experience .
My GD/PI was at Sinhgad College,Pune(3rd Feb) . Total around 50 guys came for the interview, out of which around 14 were selected for the PI .
In my group, there were 10, out of which 5 were selected including me .
Just after 10-15 mins , I was called for PI. They asked me very basic questions (Don't know why ). PI was for around 20 mins . Don't know what will happen ?
Now guys, need your help ..........
Incase I get shortlisted, I have to join somewhere in April . But I am working at IBM and here I have a notice period of 3 months . Even I came to know that they have stopped buy out policy. So guys , please guide me. I seriously want to join this course . Is there any excuse through which we can get rid (negotiate it to 1 month) notice period ....
Guys, seriously need your suggestion . Thanks a lot in advance ...
regards
Anupam:|
You can't do much but to convince your manager. Even at my Organization notice period is of 3 Months. Just hope for the best.
My GD and PI was on 03rd Feb/Mumbai.
As i entered the room and settled down, i my self stated that my brother is doing the same course(Oct batch), so am i eligible for this course..? So they told me that the need to check,(which i know i am not) so PI was not good, and even i also started some controversial topics regarding the growth of ICICI and etc, on which they came very hard to me. As i already knew that i was not eligible so was there with full confidence and was trying to pull there legs as they were doing to my puys.. lol In GD also i was given the Case study for Cement Factory in which i was the only person supporting Pearly Cement. But in our group 3 were selected and i was one of them 😃 So puys all the best to you all..!!!
Ashish Kaul
As i entered the room and settled down, i my self stated that my brother is doing the same course(Oct batch), so am i eligible for this course..? So they told me that the need to check,(which i know i am not) so PI was not good, and even i also started some controversial topics regarding the growth of ICICI and etc, on which they came very hard to me. As i already knew that i was not eligible so was there with full confidence and was trying to pull there legs as they were doing to my puys.. lol In GD also i was given the Case study for Cement Factory in which i was the only person supporting Pearly Cement. But in our group 3 were selected and i was one of them 😃 So puys all the best to you all..!!!
Ashish Kaul
My GD and PI was on 03rd Feb/Mumbai.
As i entered the room and settled down, i my self stated that my brother is doing the same course(Oct batch), so am i eligible for this course..? So they told me that the need to check,(which i know i am not) so PI was not good, and even i also started some controversial topics regarding the growth of ICICI and etc, on which they came very hard to me. As i already knew that i was not eligible so was there with full confidence and was trying to pull there legs as they were doing to my puys.. lol In GD also i was given the Case study for Cement Factory in which i was the only person supporting Pearly Cement. But in our group 3 were selected and i was one of them 😃 So puys all the best to you all..!!!
Ashish Kaul
As i entered the room and settled down, i my self stated that my brother is doing the same course(Oct batch), so am i eligible for this course..? So they told me that the need to check,(which i know i am not) so PI was not good, and even i also started some controversial topics regarding the growth of ICICI and etc, on which they came very hard to me. As i already knew that i was not eligible so was there with full confidence and was trying to pull there legs as they were doing to my puys.. lol In GD also i was given the Case study for Cement Factory in which i was the only person supporting Pearly Cement. But in our group 3 were selected and i was one of them 😃 So puys all the best to you all..!!!
Ashish Kaul
hey ashish why did u tell them that ur blood relation was pursuing that course...wat if they will select u basis on ur performance in the selection process....
mba85pag Sayshey ashish why did u tell them that ur blood relation was pursuing that course...wat if they will select u basis on ur performance in the selection process....
ICICI bank is very strict for blood relation policy. If Ashish lied now & selected for the program on the basis of performance, then also ICICI bank will disqualify him in future, whenever they came to know the reality.
seeing the experience of most of the puys I feel everyone had their share of tough luck in the PI..so taking this forum as the sample size, we can assume that others would be experincing the same feeling...so puys still hope is there..
ATB
seeing the experience of most of the puys I feel everyone had their share of tough luck in the PI..so taking this forum as the sample size, we can assume that others would be experincing the same feeling...so puys still hope is there..
ATB
Then I think I am the aberration.
My interview was gud in terms of drilling.They asked me 25 to 30 general as well as profile specific questions and I got further question or cross question only in one case.We laughed so much and my interview was for 1 hr 5 mins.I dont know whether they understood everything in first chance or they did not understand anything at all.
Even in one ques they asked me to explain, I said I cannot explain orally to all of you five.Give me marker ,I will explain you on white board.They gave me and then 15 mins I was on white board only.
Fingers crossed.
Based on feedback from others , either I am sure shot in or sure shot out.
i guess u r sure shot in Amit...as u the only guy that i found on PG who was interviewed for such a long time...i guess the panel was interested in u that's why it spent more time wid u... 
.. waiting for a party from ur end after the results are out...
My GD and PI was on 03rd Feb/Mumbai.
As i entered the room and settled down, i my self stated that my brother is doing the same course(Oct batch), so am i eligible for this course..? So they told me that the need to check,(which i know i am not) so PI was not good, and even i also started some controversial topics regarding the growth of ICICI and etc, on which they came very hard to me. As i already knew that i was not eligible so was there with full confidence and was trying to pull there legs as they were doing to my puys.. lol In GD also i was given the Case study for Cement Factory in which i was the only person supporting Pearly Cement. But in our group 3 were selected and i was one of them 😃 So puys all the best to you all..!!!
Ashish Kaul
Hi Ashish,
As you have mentioned that your brother is doing the same program, I would like to know certain things about he bond. I heard that that apart from the 3 year bond if you quit ICICI you cant join any banking companies is it ture. Do you have any other information regarding the clauses in the bond.
Hi Ashish,
As you have mentioned that your brother is doing the same program, I would like to know certain things about he bond. I heard that that apart from the 3 year bond if you quit ICICI you cant join any banking companies is it ture. Do you have any other information regarding the clauses in the bond.
This is nowhere written boss.Instead of discussing rumours , post the source of your info.
Even if it is there , this is not in sync with fundamental rights given to each indian in indian constitution.This can be challenged easily in any court.Nobody can impose this bond on anybody.
mba85pag Saysi guess u r sure shot in Amit...as u the only guy that i found on PG who was interviewed for such a long time...i guess the panel was interested in u that's why it spent more time wid u..... waiting for a party from ur end after the results are out...
Ya may be,then they should ask further questions on my answers but they did not except in one case.