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Random House Publishers India Pvt. Ltd. - Rakesh Godhwani

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88 pages

English

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If I don't crack this job, how will I repay my education loan?If I join an it company, will I be able to shift to banking after two years? These questions seem very familiar don't they? Every student has similar concerns about what career path they should tread. Seek provides insights into the various fields and industries-consulting, IT, media, oil and gas-by delving into stories of successful IIM Bangalore alumni like Arun Balakrishnan, Malavika Harita, and Apurva Purohit who have made a dent in their respective professions and fields. Rakesh Godhwani offers smart, practical advice on following your passion and finding your dream job.

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Employabilité, métiers et formations

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Publié par	Random House Publishers India Pvt. Ltd.
Date de parution	23 juillet 2013
Nombre de lectures	0
EAN13	9788184004700
Langue	English

Informations légales : prix de location à la page 0,0360€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

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Published by Random House India in 2013
Copyright Rakesh Godhwani 2013
Proceeds from this book will go to IIM Bangalore and The Akshaya Patra Foundation in ISKCON, Bangalore
Random House Publishers India Private Limited Windsor IT Park, 7th Floor, Tower-B A-1, Sector-125, Noida-201301 (UP)
Random House Group Limited 20 Vauxhall Bridge Road London SW1V 2SA United Kingdom
This eBook is copyright material and must not be copied, reproduced, transferred, distributed, leased, licensed or publicly performed or used in any way except as specifically permitted in writing by the publishers, as allowed under the terms and conditions under which it was purchased or as strictly permitted by applicable copyright law. Any unauthorised distribution or use of this text may be a direct infringement of the author s and publisher s rights and those responsible may be liable in law accordingly.
EPUB ISBN 9788184004700
To all students trying to make sense of their lives
Contents
The Problem
Been There Done That
Arun Balakrishnan PGP 76
Director HPCL-Mittal Energy Ltd Former Chairman HPCL India
Malavika Harita PGP 82
CEO Saatchi Saatchi Focus Network India
N. Ravi PGP 82
Former Secretary Ministry of External Affairs
Bhargav Dasgupta PGP 92
CEO ICICI Lombard
Apurva Purohit PGP 89
CEO MBPL (Radio City)
Vivek Sharma PGP 89
Chief Marketing Officer Philips India Subcontinent
Haragopal M. PGSEM 01
Senior Vice President Infosys Limited
Rajiv Maliwal PGP 85
Founder and Managing Partner Sabre Partners
Deeptha Khanna PGP 98
Marketing Director Hair Care, Asia Procter Gamble
Vikash Daga PGP 00
Partner McKinsey Company
Top Principles for a Good Career
Building a Good Career
In Parting
Acknowledgements
A Note on the Author
T HE P ROBLEM

T HE DECISION TO WRITE THIS book was not sudden. I always wished to pen a book on making career choices. When I started to prepare for my campus placements in 1996, I realized how little material was available on making or seeking career choices for job seekers, especially between the age group of 18 to 25. I personally was very confused, made my choices from my limited knowledge about the world and by noticing seniors and mentors around me. With time, I enjoyed talking about careers with friends and juniors, assuming the role of a counsellor to many of them. As I progressed in my journey and moved from Wipro to Intel to Qualcomm and finally to my alma mater IIM Bangalore in the last 16 years, I am now on firmer footing than I was. Probably, it is because I took the Plunnge (Godhwani, 2011) into the non-corporate world, having a lot of time to think and best of all, meeting lot of very interesting people who have studied at IIMB in various programmes.
There were a few incidents that finally led me to write this book. In 2008, I quit the corporate world to follow my dream for teaching and setting up the Alumni and Development office at IIMB (a journey which I have published along with 15 other similar cases in a book called Plunnge ). 1 The first incident which clearly stood out was during a fine October morning in 2011. I was in office and received an email from a student who had attended one of my talks on my book. She wanted to meet me, so I gave her time to come over that afternoon. I did remember the student from the talk because she had walked up to me and asked many questions on career choices. Her name was Neha * . When she came that afternoon, she was not the chirpy girl I remembered from my talk. She was all of 22, about to finish her MBA programme after BCom from an institute in Bangalore.
Sir, I am very confused. The time has come for me to make a career choice as I graduate next year. The companies will start coming for interviews soon and I am not sure which companies to apply for and how to go about seeking the right job, she began. I had pretty much guessed what the meeting would be about and was mentally prepared. And just like a doctor who diagnoses a patient before the actual treatment, I started to first ask more questions to collect whatever information I could on her history and her thought processes.
She told me that she belonged to a small village beyond Mysore where her dad was an agriculturist. She was probably one of the first in her family who was sent to a big city for further studies. Her family had spent most of their savings on her education and her stay in a shared accommodation. Bangalore is not an easy city to live in. She was also given a scooter so that she could commute easily. The family saw its first gadget besides a TV, when Neha bought a laptop to use for her assignments. Well, she didn t really need one as the college had a computer centre but then, everyone in the college had one. Overall, the tuition fee, accommodation and the entire investment in her MBA programme of two years was approximately 12 lakh rupees. Her family couldn t afford it but thanks to the easy availability of education loans from banks, she was able to pay for all of this. All of 22 years and already a burden of a loan to repay on her young shoulders. I knew that this was one of the biggest reasons for her unusual mood that day-the worry was giving her sleepless nights. Suddenly, this little girl was facing the first truth of the big bad world-loans and EMIs.
Evidence suggests that most students avail an education loan these days-especially those who come for the MBA programme. In 2011, the overall amount outstanding given out as education loans was 43,801 crore approximately, or 8.5 billion USD. 2 In developed countries, more than 80 percent students avail education loans. India stands at about 5 percent and growing at 20 percent every year. Loans are unbearable burdens on the backs of these young students which wouldn t let them live in peace till they repay them. In Neha s case, given her family s background, she had no other option but get a job as early as possible so she could repay her loan.
She echoed this situation in her own words. Sir, if I don t get a job by March, I don t know what I will do to repay the loan. I am so tensed. I had heard these words before from many students of her age. I have also heard the same words by many people I meet in the corporate sphere too. Loans and EMIs are probably a big factor in people s career choices. The fear of not earning money is compounded by the fear of not being able to repay the loans. There is a very interesting advertisement on FM radio that depicts this-a person calls his friend and asks him if his company has any job opening. The friend is surprised and asks, Why? You had just started your current job. What happened? To which the person says, Better pay, yaar. I have booked an apartment which will be ready only by next year. So my house rent and EMI are killing me. The current job does not give me enough. The advertisement was for a real estate company but accurately portrays the job market today. It doesn t matter if the job is good or bad. What matters is the salary and the ability to pay your EMI.
When Neha finished and waited for my opinion, I asked her a few more questions because I was still not sure what her problem exactly was. So I said, Neha, I am sure you will get picked up by any company who is coming to your campus. You are one of the brightest students with good marks. You appear confident and are able to communicate well. What exactly is your problem? She said, Sir, I know that. I am quite certain that I will get a job in some company. But I am tensed because I don t know if that job will help me make a better choice later. I was not sure I understood that comment, What do you mean? Sir, I am told by my seniors that the first job out of campus pretty much determines the rest of your life. So say if I get a job in an IT company in Bangalore, I am afraid that I will not get any other opportunity in a different sector-say a bank-after two years.
Now this was something I had heard for the first time. So I probed more and found out that many students of her age look at jobs as a 2 year episode. I will come to this point later on. But the essential problem at hand for Neha was not a simple one. It was complicated and had layers-like an onion. In Neha s case, the first layer of her problem was the loan and the EMIs. The next layer was her apprehension of what sector to choose and it then exposed a lot more layers of undefined levels. If I probed further, I am sure, I would have encountered a layer called social acceptance . At the end of the day, she came from a lower middle class family. Her parents were a key factor in her life and decisions. Being a girl, she would also have to conform to social norms of her community. Very soon, her family would want her to get married and have a family.
Before I began to answer, she revealed another layer of her problem. Sir, I read a few books on careers and many of them say that one should follow their heart and find their true calling. What does that mean? This part of the conversation has always been my favourite. There are two reasons for it. One is that I found my calling of teaching and took a plunge into it. And two, one of my favourite movies 3 Idiots, which was shot in IIM Bangalore and I was fortunate to see the entire shooting of, talks about the same thing. This matter of calling and dreams and passion is not that difficult to understand. But since it depends a lot on this cute little thing called brain and its unexplained mysteries, it can leave everyone very confused. Not everyone can answer what do you love easily. I have asked this question to many of my friends and peers too. And it is not surprising that many answer I really don t know . I asked Neha the same question and she said she loved painting, but I knew that she couldn t say whether she liked it as a hobby or a passion. So I left the question hanging and asked her if she could make a living out of painting. She said, My dad won t allow me t