Monday, April 6, 2015

PREPARING FOR HIGHER EDUCATION : EXPERT SPEAK


Exclusively for Calibre Creators

This month Calibre Creators met up with Mr. Gejo Sreenivasan, Principal Consultant, Career Launcher, a prominent Test-Preparation Company that has been coaching students to prepare for various entrance tests to quality for admissions to prominent B-Schools with a good success rate.

Mr. Sreenivasan shares his knowledge about choosing careers wisely, management education, importance of higher education and some important tips for test preparation which will be very useful to students planning to pursue higher education from prominent educational institutions.

CC:    What advice would you give to a young under-graduate student with regard to advanced studies and how he should approach his future education?
GS:    There are two basic things that one would have to decide. The first starts with deciding on the stream that one wants to do advance studies. This, ideally, should be solely based on the interest they have to pursue a career. In most of the cases, it is an extension of their graduation.  However, one does have lot of options to pursue higher education on areas beyond their field of graduation. In any case, the decision should be based on an interest they have in the chosen field. If they want to keep their options open, then a General Management program would be a great idea. This will allow the student to look at sectors which were not open to them previously. 

The second step would be to shortlist the universities or institutes to pursue the course from. Now, this is very important. It is imperative that one aims at a school which provides a good quality education. This would, in turn, mean that there would be a lot of things that you can/must do to ensure that you make it to such a school.
A.      Focus on good grades - most of the top institutes would want that;
B.      Internships/Project work - Doing a project work or internship relevant to the planned stream will add a lot of value to one's profile;
C.     Prepare for the admission process - Most of the post graduate programs would require candidates to take an admissions test. During graduation, one should plan the preparation. 

CC:   What should the focus of studies during undergraduate studies?
GS:   The objective of an undergraduate program is to act as a foundation for ones career. To answer this question, let us look it in a different way. The question to ask here is “How should my resume look like?” - Irrespective of whether you are looking for a job after the graduation or planning to pursue higher education.
        
        Your resume will need to highlight:
        A. Academics | B. Co-curricular Activities | C. Extra Curricular Activities
        
        Let me explain this further:
A.      Academics: The first thing that gets noticed is your grade. Ensure that you work on it. Not that a bad grade will ruin your life, but a good grade is a great advantage. It shows how you utilized your studies.
B.      Co-Curricular Activities: The projects that you did, the internship that you did, the subjects that you studied outside curriculum (these you have so many online courses available), the paper that you presented. All this will add value to your profile.
C.   Extra-curricular Activities: Knowledge is one thing. However, your interpersonal skills are also important. That you would learn from the activities that you are involved in - be it sports, cultural activities, college committee member, community services.
               
Make the best of the graduation days that you have - it will not come back. 

CC:   What advice would you give to a student who is about to graduate or has graduated and does not know what to do next?
GS:     There are two situations when that happens:
A.     When I have not evaluated any options and hence have no clue;
B.    I have evaluated lot of options and have multiple interest, hence confused about what to do.
               
The second confusion (category B) is perfectly fine! If you category A, it is time that you start evaluating various options and may be move to category B. One is to take advice from faculty members and/or alumni to see which is the best option suited for you. The other would be to take help of a career consultant. These days, there are lot of scientific psychometric tests available which can help one understand interest and aptitude.

Irrespective of whatever, ensure that you do make any compromises on your career. 

CC:    Why is higher education important for a young student?
GS:    Well, it is not necessary that higher education is compulsory. There are many who have had great careers without having higher education. There are lots of advantages of higher education behind you. 
          
         One, it is an added qualification which will improve your career prospects;
   
        Two, you get different perspectives from your peers, who most likely are going to from diverse backgrounds;
         
         Three, you get a better insights and knowledge.

CC:    Who should pursue an MBA program and Why?
GS:    MBA is open to anyone and everyone! Being a manager, I think, is inevitable. If you are a Teacher, one day you would be a Principal - and that's a management position. Therefore, the only question is whether you want to study management. Good management programs bring in learning from the industry and uses case studies to help individual understand how to tackle management issues. 

The other advantage of doing an MBA is that it opens doors to sectors and roles which otherwise would have been difficult to pursue. So, if you are an engineer who wants to get in to Mergers & Acquisition or you are a commerce graduate who wants to get into operations, an MBA could help you. 

Also, it helps in career acceleration. 

CC:     Are any other options, other than an MBA available? Please elaborate.
GS:  Within management, apart from a normal MBA, one does have options to pursue specialized programs - say an HR from XLRI or TISS, Operations Management from NITIE, Advertising & Marketing from MICA, etc. Outside India, there are ‘MiM’ programs or Masters in Management programs. 

CC:   How can a management education help a young graduate in furthering his career prospects?
GS:    In a B-School, a young graduate will get access to diverse learning. One, from the peers - they would be from diverse background. Imagine a case study discussion on a particular company and there are engineers, commerce graduates, BBA graduates, CAs, doctors...... who are sitting together and discussing it. The perspectives that you get is invaluable. You end up adding different dimension to your learning.
Secondly, some of the best placements happen in a good B-School. So, you get access to great jobs post your MBA.

CC:    What are the specialisations in which MBA is now available in India and abroad?
GS:    There are many options from which one case choose from: the conventional ones are Marketing, Finance, Systems, Operations & HR. There are certain schools which gives other specializations - hospital management international business, pharmaceutical management etc.  There are a wide variety of specializations that one can choose from.

CC:    Is it advisable to pursue an MBA immediately after graduation or should he gain some work experience prior to that?
GS:    Well, it is a difficult question to answer. While many would say that it is better to have a work experience since it can help extract more from an MBA, it is far from the truth.  Let's look at MBA abroad. Almost all the MBA programs would require aspirants to have a minimum number of years of work experience. However, there are Masters in Management programs specially designed for freshers. So, it is not that a fresher cannot learn from a management program. It is just how these programs are designed.

         In Indian context, almost all the schools including the IIMs allow freshers to apply and there are job placements which prefer freshers too. There are also 1 year full time programs which are offered by ISB, IIMs etc. which only allows people with work experience.

        So, the point is simple - given the fact that the competition is so high in these schools, why not try for these programs as a fresher - there is no harm!

CC:    How should one select the Institutes where one should pursue a Management Program?
GS:    The quality of an MBA is as good as the quality of the institute. Therefore, the students should choose the institutes wisely. The most important parameter that one’s goes by is the placements - after all, one does an MBA to get a good job!  What is important is not just look at the median salaries, but also the kind of companies that come to the campus and the kind of profile that they offer. There are other parameters that one could evaluate - residential program, cost of education, faculty profile, alumni network, etc.

CC:    Are entrance tests difficult to clear?
GS:    Let us take the example of the CAT. There are around 2 lakh test takers eyeing for the 2000 odd seats in the top schools! It is the competition that makes the tests challenging and not the difficulty level of the test. Irrespective of how easy the test is, fact is - only 2000 aspirants are finally going to make it.

         Therefore, one must prepare systematically for these tests and not worry about the difficulty level of the test. 

CC:    Why is there fear amongst students with regard to entrance tests?
GS:    The fear is quite natural. The fear normally comes from the difficulty level of a test like the CAT. Math seems to be still a trauma for many! What they need to understand is this though - that if a test is difficult, it is difficult for all! And since it is the relative performance, all one needs to ensure is that they are better prepared. 

CC:    How should one approach the test taking process?
GS:    The first step is to take a diagnostic test to help them understand where they stand today without any preparation. This will give an idea of the extent of efforts that one needs to put in. They must then focus on a systematic preparation. Ideally, 6 months would be sufficient to prepare for an entrance test. This should be spent in two parts: (1) Getting the fundamentals in place; & (2) Learning the test taking strategies.
               
These days, there are many programs available - both classroom and online which can help the student. They should choose a training program that addresses their needs and then prepare for the test.

CC:  Pursuing a management education is becoming expensive and quality is deteriorating.  Please comment.
GS:    Let me first address quality. The quality of the top schools have not changed that much! They still provide world class education. What has happened over the years is that there are many number of B-Schools that got added where one can easily get an MBA. Many B-Schools are even finding it difficult to fill the seats because of the sheer number of B-Schools! So, the answer to the question on quality is a both ‘Yes’ and a ‘No’.  What I would believe is this - that the aspirant should be very careful in choosing a B-School.

         With regards to the expense - Yes, it has become expensive and some should shell out around 10 lakhs for 2 years. My belief is that it looks expensive today because it was pretty cheap yesterday!  There is this attitude that we have that education should be cheap.  Well, if you look at the Returns on Investment (ROI) and the impact that a good MBA can have in one's career, the amount is actually not that high. Plus, the B-School can utilize the money to provide better quality education. There is a caveat though - you should do an MBA from a good B-School.

CC:    Is MBA losing its importance?
GS:    No, it is not. The IIMs were founded to create leaders who can take India to the next level and we can see the impacts many of the MBAs from top schools have had on this country. Mind you, I am not saying that only an MBA can create such an impact. What I am saying is that there are MBAs who have created a good impact. The good schools will always survive. There will always be need for good management professionals. So, MBA will stay!

CC:    What is the demand and supply situation with regard to MBAs?
GS:    The demand is from the industry and the supply is from the B-Schools. Like any education, the demand of 'employable' graduates and post-graduates is less than what the industry needs. It is an encouraging sign that Government is setting up more and more IIMs. That would help in meeting the demand of quality management professionals.

CC:   How should working professionals desirous of pursuing higher education to further their careers prepare, dividing their time between studies and hectic professional career?
GS:    It is just a matter of managing time. Actually if you think of it, it is not about managing time, but managing yourself. The preparation for an MBA entrance requires someone to put in about two hours of study for about 6 months. It is about setting priorities and getting it done. 

        Think about this - almost all the schools worldwide have criteria for compulsory work experience. That would mean that all the students who made it to B-Schools across the globe prepared for GMAT (the entrance test for schools abroad) alongside their work.

          I would just say - that don’t hide behind the excuse of a hectic professional career - We still get time to brush our teeth everyday!

CC:     Are educational loans and Scholarships available for deserving students?
GS:     Student loans are easily available.

CC:     What advice would you give to young individuals about careers?
GS:     No compromise! Make every single day count. 


Gejo is an IIT Madras & IIM Calcutta Alumnus.

Gejo has trained thousands of students for CAT, GRE, GMAT, CLAT in the last 13 years.
Passionate about mentoring, he is known to spend innumerous hours with his students helping them challenge a problem and bring out newer ways of solving and simplifying them.

His details are as follows:
Gejo Sreenivasan, Principal Consultant,
Career Launcher India Limited,
201, Second Floor, 22 Business Point,
Opp. Andheri Subway, S.V. Road,
Andheri West, Mumbai - 400058.
Ph: 022 - 4253 1810/1811 | Mobile: +91 97698 54234

Email: gejo@careerlauncher.com

BB PIN: 227623CD

Linkedin: http://in.linkedin.com/in/gejos




This interview was published in the Calibre Creators LEARNING LETTER issue of April 2015, Vol. 3, Issue No.8.  

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