@A.b and s.r.d.rdx-
I guess we are taking things out of perspective here- this isnt a normal MBA program where you apply to a University and get selected and thereby pay application fees for the University to process your application etc.
When you go through this parcitular course, you will be registered as an ICICI employee who is undergoing a special MBA program as part of ICICI requirement(not your personal choice or anything). So the aspect of an application fees etc do not arise, as its as if you are are joining a job and doing a course as part of that job requirement.
Also when it comes to the stipend of 10K- i dont think its very lucrative either...to be honest most of us earn atleast 3/4 times that on average. The guys i met in the GD/PI dates mostly had avg packages around the 4.5-5lpa mark. A normal PHd candidate gets a scholarship of above 18-20K pm. So 10K is below market average is what i feel...but atleast its a start-some company in India has initiated this practice- i am sure many needs to follow...so hopefully other Indian MNCs giants like Reliance, Tata, Aditya Birla etc will start similar excercise-
As far as ICICI is concerned-it states serving India and all that crap in its adverts- but the main objective for them is to help themselves. They want to attract talent at cheaper cost (hiring young), offer then a meagre stipend during the course duration which makes them feel special, and make them serve the company at a below average/average pay package post course completion for a min of 3 yrs... benefit- recuitment of cheap candidates, ensuring a proper pipeline of business leaders and minimizing employee retention cost-remember its the high performers who usually jump jobs coz they are capable of getting those lucrative offers...
How it benefits you and me- we get job assurance post MBA completion and at a pay package which is decent and somewhat assured once again.Additionally, we get a little bit of pocket money during our student days in the campus as well to help us smile...
^^ The point is, you still earn 3.6 lpa while you are studying, that is one of the positives of this program.
By the way, CRISIL has a similar program where they recruit candidates and train them at NITIE, Mumbai towards Research Analysts (CCAP program) and also offer a stipend.
The other thing is that ICICI may be benefiting from this program by ensuring a constant supply of junior/middle management executives (240 per year) for atleast 3 years but so will the candidates who are selected, they get to work with one of the leading bank of India in Corporate Banking/Risk Management and Technology roles which will easily enable them to get a decent job with any MNC bank (Morgan Stanley, Goldman Sachs, JPMC, etc) post the 3 year bond period.
hi A.B- true dat u end up earning around 3.6 lacs(hopefully) per yr...infact dats one of d major reasons y we all are considering it, apart from the chance to shift to d Banking field which would have been difficult in d normal scenario....so its a win win situation for us all...
regarding the Crisil Program-its not an MBA of a PGDM program...the stipend is around 8K i think and d thing is post completion of d course u can take a job either within CRISIL or anywhere u wish-no bonds...also dere is no course fees for d CRISIL program as well...whereas in ICICI u will need to pay for the course fee once u clear it...so i wud say dat d CRISIL course is more neutral in its approach towards development/people empowerment etc
Hi Guys can you please help me out ...here ....let me know if i am thinking fine
My GD PI were fine i am hopeful that i may get selected ....fingers crossed
I work in JPMC as an Application Support Analyst 3.2 yrs of work exp
My salary ranges from 7-8.5 lakh per annum.
Should i join this course if at all i got selected...as i think
1)My role will be better
2)Will complete my MBA at virtually no cost
What say guys..............
If you think that you can get into better MBA colleges like IIMs /ISB through CAT/GMAT, then looking at your salary at this moment, I would not suggest you to join such a course where 15L will be CTC , not sure about in hand..yes you may get the degree at low cost but not sure what the degree from NIIT university is worth..It also depends upon your profile.&.What you have done so far & academics etc..
Guys, is there any update on the results' declaration? Seems HR guys are not picking up the phone.....
I think apart from written,GD and PI they should also be reviewing all the applications again as they r gng to pick the best guys of the country.Thats why they are taking so much time .If the results would be on the basis of marks of all the stages then,the result could b out on the scheduled time or +/- 2 days.I think their higher management will finally select the candidates.comments welcum...ATB.:cheerio:
was analysing....thought of posting it as well...
rbasanna Sayswas analysing....thought of posting it as well...
You should also include the 10K X 12 = 120,000 + 50k X 12 = 600,000 = 720,000 gained in the first two years.
Agreed that is something you will incur anyway but the fact remains that you are being paid for it and money is money. Had they not being paying you the same would be used from your salary. Hope it makes sense. Just makes your calculation more tempting though 😛
neeladridas884 SaysI think apart from written,GD and PI they should also be reviewing all the applications again as they r gng to pick the best guys of the country.Thats why they are taking so much time .If the results would be on the basis of marks of all the stages then,the result could b out on the scheduled time or +/- 2 days.I think their higher management will finally select the candidates.comments welcum...ATB.:cheerio:
I also think the same way otherwise it should not have taken such a long time .
Yes they are not receiving the call also now
More the delay more i am losing the enthu and steam to really give a real thought......
Hi Guys can you please help me out ...here ....let me know if i am thinking fine
My GD PI were fine i am hopeful that i may get selected ....fingers crossed
I work in JPMC as an Application Support Analyst 3.2 yrs of work exp
My salary ranges from 7-8.5 lakh per annum.
Should i join this course if at all i got selected...as i think
1)My role will be better
2)Will complete my MBA at virtually no cost
What say guys..............
Dear ganesrah,
About your 2nd point, it has already been reiterated here and is true that this is an mba tailor made to the requirements of icici bank. so if are aiming at any personal academic gains, it would be much below the expectant result of a normal MBA.
About the role: Nothing is clear till now and going by icici bank reputation as an employer, the hopes are bleak as of the clarity of role. since you are already having a work ex of more than 3yrs and earning 7-8lacs pa in your current role, it would be advisable to weigh your options carefully before taking a total career shift and leaving behind your work ex for a totally unexplored territory.
According to me if u thnk u have completely no career growth left in this field even after undergoin some specialized course or switching within 2 yrs to other company then u can give this programme a chance. Moreover u can also continue to work for a yr or 2 and then for an Executive management programme(generally requiers a work ex of more than 60 months) from a premier institute, it would provide value addition in terms of both academics and career shift.
Rest is your call..
Hi Guys can you please help me out ...here ....let me know if i am thinking fine
My GD PI were fine i am hopeful that i may get selected ....fingers crossed
I work in JPMC as an Application Support Analyst 3.2 yrs of work exp
My salary ranges from 7-8.5 lakh per annum.
Should i join this course if at all i got selected...as i think
1)My role will be better
2)Will complete my MBA at virtually no cost
What say guys..............
Mine is more or less a case similar to you :-)
work ex of 4 and half years , earning around same levels...Looks like you are into Production support :D
Well my take is that :-
1) Is Finance your interest or you are pursuing just coz of 15 LPA ctc
2) Analyse vey well your capabilities...If you can score good in GMAT and get an entry into a good B-school.
I would recommend this course only if you are really interested in Finance Sector and you think that it would b a bit tough task to score well in GMAT.
Also consider the suggestions from other formum members...abt the course/curriculum worthiness..
No doubt I find the financial aspect of this course very lucrative with job guarantee, post successful completion of course.
BLOT:- Analyse every aspect before you take a final call...Good Luck
ganesrah SaysMore the delay more i am losing the enthu and steam to really give a real thought......
More the delay more I am thinking that ICICIBank may SCRAP!!! the whole admissions process...
srd.rdx SaysMore the delay more I am thinking that ICICIBank may SCRAP!!! the whole admissions process...
I am also thinking in the same way I think they will change the plan and may only take ICICI People or may take people directly from good college as they are ready to pay good salary of 15 lakh
Guys, any news regarding the results? They are not even taking the calls........
They told once that result will be declare on 25th feb, but according to current responses it doesn't look like very SURE.....
Absolutely yaar.. they told on or before 25th..... but dont know which month's 25th!!!!! They are not even picking up the phone now....Thats ridiculous..... Atleast a response has to be there....... I can see most of the people are losing interest now.....
@rahulsharma...yah.. u r correct...dats very much ridiculous.Atleast they should give their result declration date on their web page..why r dey not picking up d phone??
@Neeladri : Pata nahi yaar.... wot all is going on... Neither picking up the phone nor replying to the mails..... Their silence is really giving birth to lot of negative thoughts...... However, wotever it maybe, they should atleast respond to the candidates yaar....