For information on cutting-edge courses and sound career advice, write to our management expert Sunil Karve on firstname.lastname@example.org.
Q: What is better, a PG diploma or a degree?
--Rupa Shah, Mumbai
A: Let the tag of diploma or degree especially in the case of management programmes, not be your parameter. Management programmes should be industry relevant and therefore before deciding between a degree and diploma please check whether
- The institute is of repute
- The content of the programme is industry relevant
What an institute offers is important. PG diploma programmes of reputed institutes are comparable to PG degrees of other institute, and may be even better at times.
Q: I am a commerce graduate. I am not sure what I would like to take up at the PG level - MBA Finance or Marketing. Please help me in making a proper choice.
A: Choice of specialisation depends on self-interest, aptitude and skill-set as also individual career goals. You must opt for what you are inclined towards. Be clear on what you want and then pursue it with passion to achieve excellence. Don’t go by what is in demand today. Go by your core strength.
Q: I have got through a second–rung B-School, should I take it up or wait?
---Ishtiaq Ahmed, Bhiwandi
A: Instead of going by preset standards set in terms of ranking of institutes, take a close look at what the institute has to offer. Because, even after you spend another year working hard at cracking the entrance tests, there is no guarantee that you will get short-listed in the institute of your choice. Without closing your mind on institutes other than a select few, take a close look at the curriculum, quality of faculty, industry exposure, infrastructural and other facilities, practical relevance of the programme etc. Also do consider if the institute is proactive at getting students good placements
Q: I have done diploma in engineering and am now working in a construction company. I would like to go abroad to do an MBA. Will I get admissions on the basis of my experience or qualification? Do they offer scholarships?
--- Susan Sharma, Bangalore
A: While Diploma in Engineering is not considered as eligibility criteria for an application to US Universities, your work experience (depending on how many years) may offset this specific criteria. It depends a lot on the specific university, as each university has its own selection criteria. Scholarships for MBA programmes to the US universities are easy to achieve. Students with excellent academic performance, high GMAT score, sound recommendation letters and work experience usually find it easy to secure higher scholarships.
Q: I have completed BE in electronics and telecommunications and have enrolled for Mumbai University’s MMS course. I want to do a specialisation in Operations Management. Please tell me the scope and demand for this.
A: Operations Management refers to the design, operation and improvement of the production systems that create the firm’s primary products or services. It encompasses almost all the sectors that reflect the efficiency of organisations in the area of background work and execution including inventory management, vendor development, purchase management etc. Depending on the type of organisation, one might be responsible for a few activities/ regions in the initial stages and subsequently begin to handle broader areas. A typical career would see one handling a few plants/vendors initially, followed by the responsibility for an entire factory and eventually undertake a more strategic view like global sourcing / alternate materials/ imports etc. Experts in operations management can be employed in computer integrated firms, such as manufacturing companies, multi-branch banking, retail chains, international assembly plants production and distribution centres.
( The counsellor is the chairman, governing board, Kohinoor Group.)