Ya ..I called them today and they told that the results will be out by the end of this month.Lets see wat happens...They are not giving any particular date.The selected candidated will be intimated through email/sms.wish u all the best.....:cheers:
Vinodhini85 SaysYeah even i had GD/PI on feb 15th in chennai.But prasanna did u notice arnd 60% who cleared GD where from icici bank.even in my GD batch who got selected i was the only one from IT background,rest all icici employees and my PI was ok.Dono if they will consider ppl like us.
Yep, I noticed it but couldn't make out how much preference will be given. Obviously, a couple of guys were so much into banking but still that shouldn't deter us, atleast that's what I feel from the way the interview went.
got an update :-
The Manager band-2 position which they are offering is one position above which they(ICICI Bank) usually offers to the IIM, XLRI, etc premium Bschool recruits.
One of my frnd asked the question related to this in the interview...
yes I talked to some of the ICICI employees who were there for the GD and PI and They Inofrmed that Manager Grade II is very good Position...All the Top B school recruits are Offered Manager Grade I
Adding to that, a friend of mine did his MBA from NITIE mumbai, he is Manager Band I, and his package is 12 LPA. He also confirmed that Manager band II get above 14 LPA.
gubbaara SaysAdding to that, a friend of mine did his MBA from NITIE mumbai, he is Manager Band I, and his package is 12 LPA. He also confirmed that Manager band II get above 14 LPA.
so is he working in some branch or corporate office?
any clarity that this profile is branch based profile or corporate office profile , 5 days or 6 days profile?
and yes...whats the appox % of variable pay /fixed package at this level...
I'll talk to him this weekend. Wait till Sunday evening.
For those people who are considering getting into this program,please ponder over the following facts.I'm not dissuading anybody but will try to give a perspective as i had also been lured into the so thought lucrative icici bank po programme. I was a part of the programme which was completely crap in terms of course content and the competance of teachers(IMA bangalore). they (icici and ima both) always just emphasized upon discipline(doing PT and goin to bed on time!) and had draconic rules and believe me the same rules are there in all icici training program for its employees like BLP programs n its not goin to be different for this one.
Why is icici bank not having a tie up with a good recognized B school or training college like SBI has with SP jain for its employees or for that matter any other best B school if it is offering such a high package? Why a NIIT university?
Y isint the bank hiring people from top b schools(they can easdily get 2-3 yrs experienced guys from good b schools), offering them M1 grade putting them on training for which they require specialization and promoting them to M2 within 1yr? its all because they want to make u a slave(remember 20lacs or 5 yrs!)
ICICI bank HR never makes the department clear to you when u are given the offer letter. they will always say depends upon vacancy but the truth is more than 50% may be absorbed into retail banking and in the grade u are joining u will get a profile of a CBM where u have to push the branches under you for Sales thats it. If u are into retail ops,rpc or cpc again there is no sale pressure but the ops pressure is humonguous n theres no growth.
Moreover the HR here is just for the bamesake in the sense it is totally insensitive to the probs faced by employees and they hardly offer u a position by virtue of your past experience or expertise. they just believe in dropping u in the middle of the sea and u have to urself learn to swim and find ur direction.
All said but one thing is true if u can slog here like anything forgetting ur personal life,friends, family, and needs, this organization can take u to heights. so make your choice after pondering a bit.
For those people who are considering getting into this program,please ponder over the following facts.I'm not dissuading anybody but will try to give a perspective as i had also been lured into the so thought lucrative icici bank po programme. I was a part of the programme which was completely crap in terms of course content and the competance of teachers(IMA bangalore). they (icici and ima both) always just emphasized upon discipline(doing PT and goin to bed on time!) and had draconic rules and believe me the same rules are there in all icici training program for its employees like BLP programs n its not goin to be different for this one.
Why is icici bank not having a tie up with a good recognized B school or training college like SBI has with SP jain for its employees or for that matter any other best B school if it is offering such a high package? Why a NIIT university?
Y isint the bank hiring people from top b schools(they can easdily get 2-3 yrs experienced guys from good b schools), offering them M1 grade putting them on training for which they require specialization and promoting them to M2 within 1yr? its all because they want to make u a slave(remember 20lacs or 5 yrs!)
ICICI bank HR never makes the department clear to you when u are given the offer letter. they will always say depends upon vacancy but the truth is more than 50% may be absorbed into retail banking and in the grade u are joining u will get a profile of a CBM where u have to push the branches under you for Sales thats it. If u are into retail ops,rpc or cpc again there is no sale pressure but the ops pressure is humonguous n theres no growth.
Moreover the HR here is just for the bamesake in the sense it is totally insensitive to the probs faced by employees and they hardly offer u a position by virtue of your past experience or expertise. they just believe in dropping u in the middle of the sea and u have to urself learn to swim and find ur direction.
All said but one thing is true if u can slog here like anything forgetting ur personal life,friends, family, and needs, this organization can take u to heights. so make your choice after pondering a bit.
@ Kaamkamara- the same thoughts have gone through my mind multiple times. I infact post my PI asked them multiple questions and one of them were- Why a tie up with NIIT and not a top notch institute. The response i received was that they felt NIIT has adequate infra and is equipped with one of the best faculties around...i aint sure about that and inquired how come they judge the quality of an institution which has just got established 2 yrs ago? They choose not to respond to it and gave me a standard verbatim- "we wouldnt associate ourselves with anyone whom we felt was not good as our reputation is at stake..blah blah and we are number 2 and want to be number one etc etc"
Also the other thing which i am not able to figure out is -why the hell will they have the 5 yr bond? Anywhich ways you pay for the education yourself as the 4.5 lacs is an education loan which is being offered to you. The only assistance they are doing is (i) pay you a very very meagre stipend during your classroom training period (ii) offer you the loan at a very low rate of interest at 2.5%. So how are they justifying the bond of 20 lacs?
Also one important thing to note here is i enquired with them on the band 2 grade which we are all talking bout so much here. They made it very clear to me that the Band 2 grade will not be offered to everyone and will only be to exceptional performers who bring with them relevant "banking and finance" experience. It may be at levels lower than that (they mentioned a level called Senior Management-any idea?)
@ Kaamkamara- the same thoughts have gone through my mind multiple times. I infact post my PI asked them multiple questions and one of them were- Why a tie up with NIIT and not a top notch institute. The response i received was that they felt NIIT has adequate infra and is equipped with one of the best faculties around...i aint sure about that and inquired how come they judge the quality of an institution which has just got established 2 yrs ago? They choose not to respond to it and gave me a standard verbatim- "we wouldnt associate ourselves with anyone whom we felt was not good as our reputation is at stake..blah blah and we are number 2 and want to be number one etc etc"
Also the other thing which i am not able to figure out is -why the hell will they have the 5 yr bond? Anywhich ways you pay for the education yourself as the 4.5 lacs is an education loan which is being offered to you. The only assistance they are doing is (i) pay you a very very meagre stipend during your classroom training period (ii) offer you the loan at a very low rate of interest at 2.5%. So how are they justifying the bond of 20 lacs?
Also one important thing to note here is i enquired with them on the band 2 grade which we are all talking bout so much here. They made it very clear to me that the Band 2 grade will not be offered to everyone and will only be to exceptional performers who bring with them relevant "banking and finance" experience. It may be at levels lower than that (they mentioned a level called Senior Management-any idea?)
They are offering this staff loan to bind u coz if u leave in the middle u'll have to pay the loan amount outstanding+ 12.5% interest on the total amount disbursed from the first date of disbursement to the date odf resigning. Also this loans makes u ineligible and exhausts your quota for further subsidized staff loans which all the banks including icici offer to their employees. moreover the HR has come up with a new rule recently that all those people who have a staff loan and have not completed 3 yrs of service with bank should deposit their original marksheets of 10th,12th and grads with the HR and they will be released once u complete 3 yrs or pay up the loan! This is a very recent development though and the employees have just received a mail.
about the package and grade part, there is no parity between your grade and role,i.e, designation u may be given. the HR will never tell u your exact in hand salary beforehand. it will be known to u only when u comlete 2 yrs of training and get the final offer letter when u have no other choice left but join!!
Moreover lower mgmt at icici- AM1, AM2,M1,M2
Middle mgmt- CM1,CM2, AGM,DGM
Senior mgmt- JGM,GM,SGM,ED,MD
@kaamkamara Can you just let us know how much you have been offered before the course and how much you are getting in hand ............... Really joining this course seems to be a great risk ............. Blindlly we are running 
for that attractive 15 figure 
mbapain Says@kaamkamara Can you just let us know how much you have been offered before the course and how much you are getting in hand ............... Really joining this course seems to be a great risk ............. Blindlly we are runningfor that attractive 15 figure
@mbapain and kaamkamara guys b optimisti. dere will b no free lunch. if n it company is offering l pack means take home will be 32 thousand per month. and as am from it back an engg in it company has to study like a school kid. and he dnt no wen is he going home. dere icici people is making u study 4 2 yrs. and its obvious to hav a bond. i suppose dere is no company with out bond. so plz dnt discourage oders and dnt b very pecimistic
@ Kaamkamara : Thanks for the insight dude.....
Let me just list down the merits & demerits of this course
Merits :
1. Low fees
2. Assured placements in a big bank at a CTC of 15 lacs pa (as per the website)
3. Good posts, as claimed on the website
Demerits:
1. No transperancy of pay structure post MBA
2. MBA degree from a very new university, have inadequate faculties & is unknown among employers
3. Once in, the only way out is to be there till the end of bond period (literally locked in)
4. No options as regards to employers for atleast 3 years post MBA
5. No certainty of getting a good job after serving bond period, due to a ICICI specific degree & that too from a very new university
6. Guys with non-financial backgrounds will be starting from scratch.
Thus, demerits outweigh merits by 100%. There can be even more points... Comments r welcome.....
Seriously guys, those who want to do MBA, I would suggest to wait for an year or two to prepare for some entrance test in order to enter some good B school (where u can be a free & safe bird), rather than entering a dark tunnel, whose entrance is very attractive but the lenght & end are totally unknown......
Seriously guys, those who want to do MBA, I would suggest to wait for an year or two to prepare for some entrance test in order to enter some good B school (where u can be a free & safe bird), rather than entering a dark tunnel, whose entrance is very attractive but the lenght & end are totally unknown......
@Rahul- dude i agree....even i have the same opinion....the only reason i am looking forward to the results is to know whether i was good enough to get through or not...but honestly i think if selected i will reject the offer...the thought of a 3 yr bond specially in an Indian company with their draconian laws and mentality is kinda disturbing.....
Yeah thats correct,may icici employees would be benefitted by this program but not sure about others from other sectors.
but still the very fact of getting into banking sector induces me to take the risk.lets wait for the results
@ Vinodh- i came across a few ICICI employees during the GD round...they were looking forward to it real keen....the issue is i work in an MNC IT and our employment policies are very friendly, flexible and open ....during my interview i felt that ICICI has a diff outlook towards their employees, dress code, discipline etc etc which came as a culture shock to me....so considering that and the 3 yr+20 lacs bond+ Newbie University...well i am unsure...
Guys,
For this dilemma like what would be the specialization how would that be allocated etc, I specifically asked the interview panel like are we allowed to choose our area of interest etc, i couldnt get any affirmative answer from the panel, moreover i was flooded with question on top, like wat u think shud be the criteria for specialization acc to u , wat ur interested in, etc ..
I am seriously not sure if by any chance we join the program and after 1 yr they say you need to do specialization in this or that field as per business requirement but its not our area of interest, then we are screwed.
@Dreamzon: I agree, even i m also waiting for results just to know my level in market.
Sidharth- the made it very clear to me that the specialization they would offer is based on their choice and considering my education background/work exp,abilities etc, . Although they were inquiring about what we are interested in, the end decision is theirs....and that may change basis business requirement at the end of Yr 1....hope that answers ur question?
Puys-i would loook at this from a diff side.already 3 yrs gone 4 all of us..if we dnt make it this yr..getting into sm b-school with 4 yrs exp is very diff where in u gt 2 compete with ur juniors and luk at the pay also.take the case if we gonna join BIM this yr and after 5 yrs u ll b getting arnd 10L which is not g8 cos some of us would be making it 4m our current job after 2 yrs.and that too we cannot be sure that we will job offers 4m finance sector.
Am not skeptic about the job offer nor their specializtion...let it be anythn(could be because am more intrstd in getting in2 finance sector....)one thing that makes me worry is d degree from NIIT univ,ll it be worth after 3 yrs with icici.