Our new RBI Governor: Urjit Patel

Mr. Urjit Patel has been appointed as the new Governor of RBI, here are a few facts about him:

1) Patel is one the four deputy governors at the RBI. He heads the monetary policy department.

2) He was appointed by the UPA government in 2013.

3) His term, which was supposed to end this year, was extended by three years in January.

4) Reserve bank officials consider him to be incumbent RBI governor Raghuram Rajan's closest lieutenant.

5) Patel has an M.Phil from Oxford University, and a PhD (economics) from Yale University.

6) He worked on the India, US, Myanmar, and Bahamas desks at the International Monetary Fund (IMF) from 1990 to 1995.

7) He served as an IMF advisor to the RBI from 1996 to 1997.

8) Patel also worked as an consultant with the Department of Economic Affairs of India's Ministry of Finance from 1998 to 2001.

9) Before his 2013 RBI appointment, he was an advisor to the Boston Consulting Group, an American think-tank.

10) A committee headed by Urjit Patel recommended shifting the focus away from wholesale prices, and targeting consumer inflation with an aim to check volatile prices. In March last year, the Reserve Bank and the Ministry of Finance - headed by Arun Jaitley - agreed on a consumer inflation target of 4 percent, with a leeway of 2 percent more or less, by the financial year 2016-2017. The decision to use inflation-targeting is considered to be one of the most important changes to monetary policy since the 1991 reforms.
(Source: various articles, specially from Times of India)

The resume' looks commendable and impressive, lets hope our new governor takes over from where Mr. Rajan left and continue in his noble footsteps.

SMSR wishes the Mr. Urjit Patel all the best!!

Women Leaders with MBA

Women…..      Leaders ….     MBA

Ms. Chanda Kochhar                     CEO, ICICI

Ms. Chhavi Rajawat                       First and Youngest Village Sarpanch (SoDa, Rajastan)

Ms. Indira Nooyi                            CEO, PEPSICO

Ms. Rashmi Bansal                        Author, Stay Hungry Stay Foolish

Ms. Shikha Sharma                        CEO, Axix Bank

……………

What's common in them?              MBA !

Ladies, MBA is the best fit program for you. 

Redesign and Re-engineer (Twist and Tune) MBA Program

Today, all higher education programs are at crossroads. The well-known causes for this state are large number of institutions / universities, quality of the programs, shortage of human resource, policies, unhappiness of industry, attitude, indiscipline, and campus politics. MBA programs in this country are no more an exception.

Though the global market is not encouraging, India’s domestic market is very strong and rural economy is growing. Companies like Maruti, HLL, Vodofone etc, are targeting rural population which is huge and untapped. Union budget again prioritized Agriculture this year. The business around agriculture- fertilizer, seeds, irrigation, Post harvest, transport and marketing, banking, mechanization and automation, exports have good potential in the days to come. Keeping this in mind, it is a good time for tier II and III institutions to redesign and reengineer their program.

The students pursuing and interested-in MBA program should also prepare themselves to grab this opportunity and make a career out of it. They must come out of city based, air-conditioned office and 9-5 mindset.  They should equip themselves with necessary skills, attitude and knowledge to exploit the opportunities.

It is time for admissions to B-Schools, Chose the right school for better prospects and career.

Expecting a good pay day after your MBA? Have a look at this article

Management Education Tomorrow

Management Education has it’s relevance at all time, more so today and tomorrow. The scenario is no different in India. The fluctuations in demand for MBA program is market driven. Even the institutions pretend to adopt with same old ideology. Hence they fail to meet the industry expectations and adds to variations in the demand. There are institutions which sincerely do their job and mould future managers. Even developing institutions in tier II and III level are working hard to teach for life and fit for career. Candidates must carefully chose the institution looking at the academic excellence, rather physical appearance. Business Administration Graduates essential all walks of life. They need right grooming from a right B-school. Hard workers can make wonderful career. As a first step in this direction Appear PGCET, Score well, Be in good B-School and drive your career to new heights.

PGCET NOTIFICATION FOR 2016

For all the MBA aspirants, PGCET notification is out. You can access the same here ( "http://kea.kar.nic.in/pgcet_2016.htm") along with the model question papers of the previous years.

My expectations and how I realised them at SMSR- An article by Nayana Nanu, IIIrd semester SMSR

When I decided to pursue my MBA I was very particular about what I wanted from the institution I would be joining. My expectations were that the college should be a reputed one, have good experienced faculty, well equipped library, should have good placement record and to top it all should have conducive ambience for personal growth and development with likeminded people and guess what, I found all of the above in BVB SMSR.

Apart from this, the college has on offer the SIIT program which gives us unprecendented exposure to industry and also rural immersion program which provided us an opportunity to mingle with villagers and experience their life style.

I hope to graduate from BVB SMSR with flying colours and enter into the professional world with confidence. 

Right Choice, Bright Future- An article by Dr. S.V. Patil, Published in Business Line

Why KLE Tech. SMSR???- By Amruta Kulkarni, III semester, SMSR

Hubballi based KLE Tech SMSR (School of Management Studies & Research) is one of the recognised B-schools in North Karnataka. The quality of education imparted makes students to enrol for their management course. The KLE Tech. SMSR is differentiated from other B-schools in terms of quality courses, certification courses, facilities etc.

Here are the key differentiators which makes KLE Tech. SMSR to stand out as a unique B-school in North Karnataka.

Ø  Rural Immersion Programme

Ø  Student, Institution & Industry Track(SIIT)

Ø  Centre  for  Technology, Innovation & Entrepreneurship(CTIE)

Ø  Multi-Specialization

Ø  Training on Microsoft Dynamics (Nav)(ERP)

Ø  SMSR Expert Lecture Series

The above mentioned courses will make students to stand out when they are exposed to real scenario. Rural Immersion Programme will help us to identify business opportunity as a management student and to identify social issues too. Whereas Student, Institution & Industry Track (SIIT) will give continuous industrial exposure. SMSR is the first B-school in the country to offer Microsoft Dynamics Student Certification. This course will give enhance our employment opportunities when we graduate. Recently, KLE Tech. SMSR introduced Research Experience as one of the academic course which will help students to reach their dream of doctoral programme.

Other than the quality courses the college campus is equipped with high speed Wi-Fi network along with state of the art facilities for Indoor & Outdoor games.

The above mentioned Points of Differentiators (POD), helped me in chosing SMSR than any other B-schools.

Very Good Reasons to do an MBA-By Ravi Kulkarni, 3rd semester student

With some top 50 graduate schools of business across the north Karnataka, the M.B.A. degree has clearly become a commodity.

Even among elite schools, courses and case studies are pretty much water from the same well (i.e., finance, operations, marketing, HR).

So how do you choose? By using the rankings? Which ones? The Economist’s? Business week’s? The Financial Times’s? And if you do, how do you tell the difference between a school ranked No. 6 and a school ranked No. 7?

Don’t ask none. Don’t ask the schools, either. Their polished brochures try to be everything to everybody, and in the process they obscure rather than illuminate.

An MBA, or a Master of Business Administration, is a very hot topic nowadays. Is this just a trend, a touch, or is there real value in pursuing such a study programme? It is expensive and demanding and it has high entry requirements, so why should you opt for an MBA?

1. Higher remuneration

The average salary for an MBA graduate is considerably higher than that of an employee with a regular master qualification. For MBA graduates the average salary ranges from 8000 INR (in governmental or non-profit Institutions) to 28000I NR (in consultancy, finance or healthcare). That is almost twice as much of what you can expect to earn with a regular University degree. In this case, in 2-3 years, you cover the investment made in your MBA education, which is estimated to cost, for a 2 year MBA at a top business university, 35000 INR on average.

2. Better career opportunities

This advantage of an MBA degree goes hand in hand with the first one and it is actually the cause of the first one. Graduates of an MBA programme have, due to their qualification, higher chances of obtaining and holding a high level management position. It is estimated that 70% of the MBA graduates worldwide are senior managers or board directors. This type of position brings along a higher salary but of course also a higher responsibility and longer working hours.

3. Better fused business network

As an MBA student you have great networking opportunities. Through this type of study you get to know and interact in a relevant manner (in a context that emphasizes your business management capabilities) with colleagues (future high level managers), professors and teaching staff (usually former or current potent business people, with great on-field experience). Furthermore if you are not doing a part-time MBA next to your job or within your company you have good chances to meet potential employers through the various internships that are part of most top MBA programme.

4. A holistic viewpoint over the business world

As mentioned before, through studying an MBA you become part of a great network of professionals and companies and you constantly challenge yourself with the newest problem-solving. These things together give you a great overview of the business world, a deep understanding and certain receptiveness to the slight changes of this environment. This type of overview and sensitivity is very hard to achieve without spending a lot of time on it.