RE:how`s it possible?
by Common Man on Jul 16, 2008 02:53 PM Permalink
You eat a "Vada-Pav" on pavement - you pay Rs.5 and if the same "Vada-Pav" is served to you in Taj in a silver plate/bowl/fork & all, you pay Rs.50.
You pay Rs.100 for pair of sandals on the pavement & pay Rs.1000 for a similar looking sandals @ a Nike store.
You got the economics??? That's how the whole world works.
RE:how`s it possible?
by Telephone on Jul 16, 2008 06:43 PM Permalink
I have used both and there really a differnce in quality. After trying Nike, I cannot switch back to unbranded items.
My point is, curriculum in IIM is scientific, upto date and contemporary. Secondly, only cream public could get into the IIMs which makes it more valuable.
IIM's are the premier institutes in our country & they also sysmbolize the level of managerial intellect of the Indians who pass out from there.Well I dont mean that students at other management institutes dont have management intellect,please dont misinterprete me.We all know that students passing out from IIM's are absorbed by the best companies of the world.They are mostly taught by elite Indian professors.Now the point is that where lies the necessity of the international faculty.Why we need foreigners?Why we are bitten by that vicious sting that when any thing is done by a foreigner then only it has quality?If a foreigner gives positive opinion about a certain Indian then that person is valued by us Indians.Isnt it absurd? C'mon India come out of this vicious habit.Be the first to value & respect your own legendary compatriot.Be Indian in the strict sense.Let it be any sphere always try to ascertain that crucial shots will be called by an Indian.IIM students are in great demand all over the world is the testimony of the fact that their teachers are the best in the world. Mr Mukesh Ambani take your own example,Reliance Industries Limited is an Indian multinational,the best in the world & India is proud of it.So,I feel that now Indians are capable of impressing the world in any sphere & hence as management faculty also Indians are more authoritative than their foreign counterparts.Hence absolutely no need of international faculty at the IIM's.
RE:BE INDIAN IN THE STRICT SENSE
by manmishr on Jul 16, 2008 02:23 PM Permalink
Dear, it's well know fact that we Indians are good technically but poor in management. What's wrong in leering this from foreign professor. May be it help us in increasing overall label.
RE:BE INDIAN IN THE STRICT SENSE
by vijay narayanan on Jul 16, 2008 07:02 PM Permalink
come again. Indians are no good in technology..Perhaps in IT sector but mechanical and automobile we lack very far behind..all we do is get the technology from Europe and produce it in India.only a very few companies are investing in R&D..we are better in management that technical..probably my perspective as a mechanical engineer..
RE:BE INDIAN IN THE STRICT SENSE
by Whatisinthename on Jul 16, 2008 10:31 AM Permalink
Ok, a reality check. True that most IIM graduates are absorbed by reputed MNCs, but the profile that is offered by them on IIM campus is junior to the one offered to an equally qualified guy in Ivy League college. Also, if you are aware, there is huge shortage of quality professors at all IIMs. I don't think there is anything wrong in hiring a well qualified foreigner instead of leaving the post vacant or filling it up with an under/unqualified person. Third, there are so many Indian professors teaching at foreigner universities, should those universities also start talking about their nationality and thus hiring only locals?
I think we Indians are too much into this. Either we blindly accept everything foreign as good or we oppose any move towards more global cooperation. There are good and bad everywhere, and I think it makes perfect sense to take up good from wherever you can, specially if it is hard to find it around you.
RE:BE INDIAN IN THE STRICT SENSE
by rajkiran on Jul 16, 2008 10:31 AM Permalink
Exchange of knowledge is always important. Inviting foreign faculty is by no means saying that Indian standards are bad. When it comes to high-level specialization either in tech. or in management, every individual carries a specialization. I'm from IIT and a lot of profs from here are regular visiting faculty to many well known research institutes like Stanford, UCSD etc... Exchange is always beneficial.
RE:BE INDIAN IN THE STRICT SENSE
by BrotherhoodofNod on Jul 16, 2008 02:02 PM Permalink
u r correct... also the number of professors required are more in india.. why do we need foreigners here... is there really such a need? mukesh ambani is a business man..and he thinks along those lines...its all business for him..
the writer of this message is heading the accelerated learning centre of one of the latest and youngest IIM in the country. We are hiring the service of US based professors and are paid at par with Indian professors. it is not the money which atracts talents , instead image and talents of our country and its youth which foreign university professors love most. Our employment is the service which all of us love to do for the country and not based on the money value alone
RE:salary at IIM
by Manoj K on Jul 16, 2008 10:13 AM Permalink
True, Why anyone will work in a system which is designed to discourage honest and talented person. Good prof. will not come unless indian system inprove.
It's true that salary level is low.But the faculty gets more benefits. The main aspect is flexible timings,enough leave, carry out consultancy and their passion,.....In corporate this will not be possible. Also the faculty will not consider moving to corporate, except after retirement. The people who are really interested in teaching are never considered for an opening in IIMs and IIT's.It's all the degree holders from foreign universities are given berths and few opt for it since something is better than nothing. The IIM's should recruit working professionals as faculty so that the practical aspects are taught to the students.You can teach 25 papers but working in the corporate sector requires special skills. There are people working in IT companies having M.Phil degree but they are not selected by IIM's just because they dont have foreign degree. How does it matter? Practical knowledge is more important than bookish knowledge.The IIMs should give a separate advertisement for recruting people working in industries and idf they have at least 15 years experience they could be considered for Professor. The institute will gain. The governing body should consider this aspect also. It's the mindset the foreign degree alone is a boon and underestimating the persons who have done the degrees and working in India. Can we look forward to a new era in IIM's and IIT's? Infact management should not be taught but it should be through research. Can any IIM be a pioneer in this front? Time
RE:IIM Salary
by Top Gun on Jul 16, 2008 10:08 AM Permalink
>working in the corporate sector requires special skills
And those skills are
- Smooth talking - Playing politics - Licking your bosses/top-managements ass - Iski topi uske sar - Increasing sales by hook or crook and other dubious means
All Indian business schools including IIMs are 2nd rate at best and highly overrated.
(i) The faculty has little or no incentive to publish in good journals. (ii) The quality of research done is substandard (iii) The only skills students learn is to color ppt slides and BS their way by while talking MBA buzzwords
But then you dont need to do top research in math/economics/finance to sell soaps at HLL.
Sure they get $100K packages as the alternatives are even worse.
RE:IIMs
by Scientist on Jul 16, 2008 11:37 AM Permalink
I agree with Top Gun. However, I am told that IIM Ahmedabad has started a process whereby a faculty member publishing in Operations Research or Management Science journals will get a cash reward of Rs. 1 lakh per paper published. Of course, this does not necessarily mean that the quality of papers will improve overall and even does not ensure that the standards of existing faculty will increase, but definitely is a good step. Unofrtunately, in institutions like IITs and IISc, there is no such scheme to reward people who publish in the best journals.
RE:I am in IT i get only 10 K per month
by Gopi on Jul 16, 2008 10:36 AM Permalink
Isn't that a lot? Or is it low? What is the point of this message on this board?
RE:I am in IT i get only 10 K per month
by Cali Gula on Jul 16, 2008 11:13 AM Permalink
You must be reallly poor cadmically and or intellectually if u get only Rs. 10k/pm. I know of at least 20 acquainances who get paid bet 30K - 40 K Rs and have only less than 3 years of experience.
RE:I am in IT i get only 10 K per month
by Ramanathan Umapathy on Jul 16, 2008 03:11 PM Permalink
Hotel Mgt graduates rom Indian reputed schools get only 25000-30000 after 3years You mean to say they are academically/intellectually inferior--They fill up your tummy Maaaan! Do not pass such comments Pls!
I attend a program at IIMB. It is sometimes embarrassing that SUCH GOOD profs are being paid so less. Although this initiative by senior bro Ambani applies to footing international prof's salary, i hope this serves to raise the profile here and spurs industry consulting jobs to our Indian profs. Also pray that pay commission recommendations that will raise our Indian prof's salary to 80k levels is introduced soon.
People usually dont realize but all top b-schools in the world are "research" based - which means that the key criteria for promotion/tenure of faculty is research output. No b-schools in India follow that model. Yes, faculty at IIMs and other Indian b-schools do publish research, but almost nothing in top business journals. Unless we adopt that model, no Indian b-school will achieve top tier ranking.
Ambani's offer is a good initiative. But for a sustainable solution, we cant depend on just one person to finance international research faculty. Eventually the solution will have to emerge from the institute/government itself. Also, I dont know where the article is getting it's number from, but no b-school professor (asst/associate or full) is getting anything less than $ 8-9,000 in US. I'm guessing IIMs will have to offer someone at least half of that (Rs. 2 lakh PM) to attract anyone. And more than that for more renowned names.
This is the only reason why ISB is more lucrative to students than IIMs. ISB has many international faculties who are paid handsomely. Their curriculum hs more practical approach to industry than IIMs. In short, ISB produces those management graduates that are comparable to those from elites like Harvard, Stanford, Wharton etc. "IIMs produces just bookworms, they dont teach students how to cope up with failures " .. once said by Steve Balmer, I agree wth him thorougly ...
RE:ISB vs IIM
by subash bose on Jul 16, 2008 09:34 AM Permalink
It is ranked 20th in world by FT (Financial times). No IIM figures in the top 100 list.
RE:ISB vs IIM
by swamy on Jul 16, 2008 10:09 AM Permalink
dude, if u really thought IIM grads were being paid to use their IIM gyan, u need to get a reality check. They are recruited because they cleared CAT, and no ISB cleared CAT, and so they will always be 2nd tier
RE:ISB vs IIM
by shit on Jul 16, 2008 10:23 AM Permalink
Lol .. GMAT is wht is required to crack ISBs .. u cant get into ISB without crossing 700 , also GDs n PIs which r acid tests ... nw plz dont ask here in blog .. " wht is GMAT?" ... besides, acc to FT : ISB is ranked 20th in world's best management institutes where IIMS r not even in top 100s , as pointed out by subhash bose .. global ranking decides who is best .. not "U" ...
RE:ISB vs IIM
by swamy on Jul 16, 2008 11:14 AM Permalink
oh really, then why does ISB not attract the best companies? Only Mck goes because they started the place, apart from that its only Indian cos. Global rankings are based on research carried out, not its value to MBA students. As far as research in Business is concerned, ISB is certainly better
RE:ISB vs IIM
by shit on Jul 16, 2008 10:00 AM Permalink
half knowledge is alwez dangerous ... so plz comment only after u r eligible to write the blog dude ...
It is not the money alone that attracts someone to teaching. Many faculty members of the IIM have a degree from the US and it is their inherent interest and a flair for teaching that had made them stay with the institute. The salary structure for a government controlled institution like the IIM is not so bad. Moreover, the teaching faculty get on campus housing and other benefits in addition to the salary. The work pressure is also relatively less when compared to other sectors.
