Monday, January 31, 2011

Banking, Finance: Are you ready for the job from Day 1 ?


By ISHA KANDELWEL

In the insurance, banking sector, entry-level salaries for MBAs range from Rs. 5-8 lakhs per annum," advices experts.

THE recession in 2008 is a distant memory and the stock markets have almost reached their previous record high valuations. Financial sector is right now back from the brink, though global indicators are still far from satisfactory. But everybody agrees the worst is behind us.
So is the job market hot? Well, recruiters look at a combination of factors like articulated communication, presentation skills, overall personality, and the candidate’s basic knowledge of the industry.
They also test networking abilities and negotiation skills before inviting them on-board. For prepared candidates, opportunities do exist. But the million dollar question is - why is that after two years of a gruelling PGDM programme, are students still not ready to start work right away?

Are you job-ready?
“Not quite ready” is a common refrain. The course curriculum followed by academic institution provides the required knowledge inputs in management subjects like finance, marketing or HR. “ What it lacks is a vocational or industry focus,” says Judhajit Das, Chief Human Resources, ICICI Prudential Life Insurance Company.
Krish Lakshmikant, a leading headhunter seconds. The students do not apply their minds sufficiently and are just not ready to roll up their sleeves. The while collar AC room job mentality still persists he says. And corporations invest in costly training structures to get them job ready.
Fresh hires at Yes Bank undergo formal and intensive 5-week induction/ on-board programme. “We give them insight into company’s philosophy, culture, into our diverse business verticals and structure”, says Deodutta. Post that, the recruits are given on-the-job training and are exposed to 4-5 key support functions right at the inception stage. Similar induction programmes are conducted in Insurance and financial services sector too.

Where is the moolah?
In the insurance and banking sectors, entry-level salaries for MBAs range between Rs 5-8 lakhs per annum. Capital markets pay Rs 2.5 lakh or more for a sales and marketing function.
The entry-level salary band starts at Rs 1.5 lakhs per annum, varying city-to-city and the B-School the students come from. The highest salary in 2009 was Rs. 18 lakhs , while the average was Rs.10.20 lakhs, says Dr. Anupam Rastogi, Senior Prof. (Finance & Economics), NMIMS.
Skilled employees start higher, and the salaries are more if a professional exam has been cleared by a candidate. “Typically associate actuaries earn Rs. 20,00,000 plus pa and fellow actuaries Rs. 40,00,000 plus pa,” says Rajendra Shah, managing director, DS Actuarial Education Services.
Sounds like music to your ears? Then BFSI is your symphony indeed!

Source : Yahoo Education

Friday, January 21, 2011

Bangalore Metro trial run on January 24th


Bangalore's Metro rail will begin trial runs on Monday, January 24.

If all goes well, the first stretch, from Byappanahalli (Old Madras Road) to M G Road, will be inaugurated Kannada new year's day, April 4. The minimum fare will be Rs 15.

The next few weeks will witness trials on this stretch.

Completion of work on the long-awaited service will come as a relief to Bangaloreans, who struggle under an inadequate public transport system. Metro work has called for digging up of arterial roads, and that has added to the chaos. Officials say all phases of the project will be completed 2014, but Bangaloreans are scpetical about that deadline.

Politicians and administrators had been talking about the Metro, and collecting a cess on every litre of fuel sold in the city, for over two decades, but work began in earnest only in 2007.

Deccan Herald reports: "Chief Minister B S Yeddyurappa will flag off the trial runs on January 24. This will be followed by another trial run of about 2,500 to 3,000 km spanning... six to eight weeks before operations finally obtain the safety certification from the Commissioner for Railway Safety."

Source : Yahoo News

Wednesday, January 12, 2011

AUTOMOTIVE MYTHS

Myth: Bolting on a free flow air filter or tuning chip won't void my warranty. 

Truth: Using any of the two things above or anything else which alters the working of the engine will straightaway void your warranty. Always stick to manufacturer guidelines to preserve your warranty. 

Myth : Modern engines do not require idling at the time of cold start 

Truth: Although engines have become a lot more reliable but they still need idling for efficient and longer running. If a car has been stationary for long intervals all the oil would be sitting in the sump and instant driving would mean great amounts of wear and tear on engine components due to lack of lubrication. Always idle your engine for a minimum of 30 seconds in the summers and 1 minute in winters. 

Myth: Premium fuels are good for the engine and improve fuel efficiency and performance. 

Truth: No such concrete proof is available in favour of premium fuels. While the additives in premium fuels can help clean your engine regular usage of the same is not mandatory. Once every 1500kms should be enough for the engine's hygiene. Higher octane fuels too are required only for vehicles which have a high compression ratio. Most of the vehicles on our roads today do not sport such compression ratios and remember that even if you are getting an extra kilometre from every litre you are paying extra also for it so in the end any gain gets offset. 

Myth : Turbo vehicles do not need idling when stopping even if mentioned in user manual. 

Truth: Always follow all the instructions in the user manual religiously. A turbo vehicle needs proper idling during start as well as stops since a turbocharger uses oil for lubricating the bearings. Lack of idling can cause premature wear and tear to the turbo since it wouldn't be properly lubricated. At the time of stopping the turbine in the turbo keeps spinning (it can spin even at 50,000 rpm) and sudden shut-off would stop the supply of oil and hamper lubrication. Idling allows the turbine to come down to lower speeds and hence prevents damage. 

Myth: Restarting an engine consumes more fuel than idling it so I don't need to do this on every stop light. 

Truth : Modern engines are far more efficient than older engines and consume very little petrol to restart when warm. Hence it is strongly recommended to shut your engine at a stop light of more than 40 seconds. 

Myth: Hybrids are cheaper to maintain than petrol cars 

Truth : There is no substantial data to prove the same yet. One needs to keep in mind that in a hybrid car too there is a petrol powered engine which will ask for maintenance as any other engine would. In addition you do have a battery and motor to maintain in a hybrid car unlike a petrol car.



Courtesy : Economic Times

Friday, January 7, 2011

COMPANIES FOR MBA PLACEMENT IN CHRIST UNIVERSITY

Four specializations are available for MBA in Christ University.


1.Finance
2.Marketing
3.HR and 
4.Lean Operations and Systems


COMPANIES FOR MBA PLACEMENT IN CHRIST UNIVERSITY includes the following ...



1. ABN AMRO
2. ACCENTURE
3. AC NIELSEN
4. ALLEGIS
5. ALLEGRO
6. AMBA
7. AMEX
8. AON
9. ARVIND MILLS
10. AXIS BANK
11. BAJAJ ALLIANZ
12. BANK OF INDIA
13. BIG FM
14. BRAND COMM
15. CBRE
16. CITI BANK
17. DAIMLER
18. DALMIA
19. DELOITTE
20. DEUTSCHE BK
21. DMV
22. EXCHANGING
23. EXPEDITORS
24. FEDERAL BANK
25. FENESTA
26. FUNSCHOOL
27. FUTURES FIRST
28. GRAIL RESEARCH
29. HDFC
30. HDFC LTD
31. HONEYWELL
32. I B TIMES
33. IDBI
34. IFLEX
35. INFOSYS
36. INTIMATE FASHION
37. ITC
38. JACOB FLEMING
39. JLLM
40. JUSTA
41. KEANE INDIA
42. L&T INFOTECH
43. LEELA
44. LIC
45. MADISON
46. MAHINDRA WHEELS
47. MIND TREE
48. MTR
49. OBC
50. OBEROI
51. ODESSA TECH
52. ORACLE
53. PANTALOON
54. PTL SOLAR ENERGY 
55. READIMINDS
56. RECKITTBENCKISER
57. SAGAR APOLLO
58. SIB
59. SPANDANA
60. SPAR HYPER MARKET
61. STATE BANK OF HYD
62. SYNTHITE
63. TAJ
64. TATA COFFEE
65. THE HINDU
66. TYCO
67. UNION BANK OF INDIA
68. USHA INTL
69. VIRGIN MOBILE
70. VIRION-SERION-INTL
71. WEP SOL
72. WIPRO BPO
73. WIPRO TECHNOLOGIES