A single, national level Indian Science Engineering Eligibility Test (ISEET) has been proposed to replace the engineering entrance exams such as AIEEE and IIT-JEE from 2013 onwards. The ISEET will be conducted by the CBSE Board. A meeting was held by the Joint Admission Board of IITs on February 18, 2012 to take a final call on conducting the national level common entrance test for admissions to various science and engineering programs in India.
The IIT heads participated in the meeting to discuss the single entrance test and the terms and conditions for the same. The test has already been approved by the IIT Council.
The MHRD officials revealed that the ISEET 2013 entrance test will be held in April or May, next academic year. ISEET will be divided into 2 parts; one will be Main and another one will be Advance. Each part will be of 3 hours duration. Both the test will be held on same day between 10 am to 5 pm.
ISEET Main paper will have objective type questions and will have questions based on logical reasoning, critical thinking and comprehension. While ISEET Advance will test candidate’s problem solving skills in subjects such as basic science. The marks scored in the 2 tests will judge the student’s aptitude and scholastic level for engineering and science. The Ministry is planning to assign 60% weightage to ISEET test and a maximum weightage of 40% to Class XII board exam scores.
However, the state governments have been given the flexibility to decide the specific weightage within the mentioned limits.
The Board will present the issue in the conference of state education ministers to be held on February 22, 2012. The officials revealed that the terms and conditions for transfer of details from school boards to ISEET organization is yet to be worked upon.
The Board is yet to decide the schedule of declaring ISEET Results so that same can be coordinated with the school board Results and a combined score card can be prepared in the specified time limit.
Source: Economic Times
Tuesday, February 21, 2012
IIM-A final placements report a changing trend this year
IIM-A (Indian Institute of Management, Ahmedabad) hosted cluster 2 of its cohort based placement process on February 17, 2012. The final placements of IIM-A witnessed a changing trend this year with students opting for not-so-cliché profiles instead of regular finance profiles.
Sources from IIM-A placement cell revealed that this year the institute invited more domestic recruiters in major sectors such as Energy, FMCG and consulting to the campus. Earlier, the students preferred job offers with international postings due to the hefty pay packages but since last 1 year students are opting for domestic offers as well due to the lucrative job offers available at the domestic front.
The institute has already placed over 180 students successfully this year. However, less financial institutions visited the campus for final placements this year. The institute hosted 5 cohorts in its 2nd cluster which consisted of business development, FMCG marketing, financial services, general management and technology consulting. Social gaming company, Zynga based in San Francisco visited the campus for first time to extend the offers to its students. Over 20 job offers were extended to the students by a major Technology Company, IBM.
However, only 3 global investment banks namely, JP Morgan, Credit Suisse and HSBC took part in the cluster 2 of cohort-based final placement process at IIMA. These companies extended only 10 offers at the institute. Till 2011, finance sector dominated the campus by extending maximum number of offers to the institute. The finance sector made 94 job offers to the IIM-A students in 2011.
The institute’s decision to approach more number of domestic recruiters this time has worked wonders for IIM-A as consulting and the first-time visiting companies emerged as major recruiters in the cluster 2 of IIM-A final placement process.
Source: Times of India
Sources from IIM-A placement cell revealed that this year the institute invited more domestic recruiters in major sectors such as Energy, FMCG and consulting to the campus. Earlier, the students preferred job offers with international postings due to the hefty pay packages but since last 1 year students are opting for domestic offers as well due to the lucrative job offers available at the domestic front.
The institute has already placed over 180 students successfully this year. However, less financial institutions visited the campus for final placements this year. The institute hosted 5 cohorts in its 2nd cluster which consisted of business development, FMCG marketing, financial services, general management and technology consulting. Social gaming company, Zynga based in San Francisco visited the campus for first time to extend the offers to its students. Over 20 job offers were extended to the students by a major Technology Company, IBM.
However, only 3 global investment banks namely, JP Morgan, Credit Suisse and HSBC took part in the cluster 2 of cohort-based final placement process at IIMA. These companies extended only 10 offers at the institute. Till 2011, finance sector dominated the campus by extending maximum number of offers to the institute. The finance sector made 94 job offers to the IIM-A students in 2011.
The institute’s decision to approach more number of domestic recruiters this time has worked wonders for IIM-A as consulting and the first-time visiting companies emerged as major recruiters in the cluster 2 of IIM-A final placement process.
Source: Times of India
CMAT 2012: Day 1 Analysis
The first single national level entrance test CMAT (Common Management Aptitude Test) conducted by AICTE (All India Council for Technical Education) commenced on Monday, February 20, 2012. Nearly 9000 students participated in the test on Day 1. The day one went off well without any glitches as no complaints were reported from any exam centers till last evening.
Sources from AICTE revealed that nearly 12.9% out of the total registered students appeared for the test on day 1 of CMAT exam. Both morning and the afternoon sessions went on smoothly without any technical problem. Majority of students have registered to take the test on weekend’s i.e February 25 and 26, 2012.
The software for the computer based test was designed by Aptech Ltd. The online test will be held at 68 centers in 61 major cities of the country.
Minglebox talked to a few CMAT test takers. Most of the test takers seemed happy and relaxed after the test. Gaurav Mishra, a CMAT aspirant from Maharashtra quoted – “CMAT was quite easy for me. It was very similar to MHCET. “
Rahul Bassi, a DU student claimed that CMAT was almost an extension of MAT and quite easy although the general knowledge section was a little tough for him.
The first day of CMAT exam proved to be a cakewalk for both the students as well as the organizers with 83% attendance across India. After withstanding strong protests from B-schools against conducting CMAT, AICTE right now is basking in glory of conducting a glitch-free CMAT exam on the first day.
More AICTE approved institutes are expected to accept CMAT from next year onwards. The council has also decided to conduct CMAT twice a year from 2013 onwards to make it more flexible for the students.
Source: The Indian Express
Sources from AICTE revealed that nearly 12.9% out of the total registered students appeared for the test on day 1 of CMAT exam. Both morning and the afternoon sessions went on smoothly without any technical problem. Majority of students have registered to take the test on weekend’s i.e February 25 and 26, 2012.
The software for the computer based test was designed by Aptech Ltd. The online test will be held at 68 centers in 61 major cities of the country.
Minglebox talked to a few CMAT test takers. Most of the test takers seemed happy and relaxed after the test. Gaurav Mishra, a CMAT aspirant from Maharashtra quoted – “CMAT was quite easy for me. It was very similar to MHCET. “
Rahul Bassi, a DU student claimed that CMAT was almost an extension of MAT and quite easy although the general knowledge section was a little tough for him.
The first day of CMAT exam proved to be a cakewalk for both the students as well as the organizers with 83% attendance across India. After withstanding strong protests from B-schools against conducting CMAT, AICTE right now is basking in glory of conducting a glitch-free CMAT exam on the first day.
More AICTE approved institutes are expected to accept CMAT from next year onwards. The council has also decided to conduct CMAT twice a year from 2013 onwards to make it more flexible for the students.
Source: The Indian Express
65 B-Schools across India to face closure, student’s future in lurch
Presently, management programmes are most sought after programmes. In every sector we can see managers handling and managing the business. To deal with this increasing demand and to reap the profit of the sector many B-schools got established in last few years. Today, there are 3900 management schools with almost 3.5 lakh seats.
There are many B-schools which are unable to fill all the seats and some are unable to meet the criteria of AICTE to offer programmes. There are almost 65 business management colleges across the India which are planning to close their doors for students. They are in no mood to continue with their education business; rather they are thinking to use the land for more lucrative ventures. Moreover, many industry experts feel that in near future many more colleges will shut down their doors. S Mantha, chairman of the All-India Council for Technical Education, said, “Colleges in remote India and institutes of poor quality are not getting students.”
For those students who decided not to apply to those colleges who are not very popular made right choice and save their time and money.
Reasons behind closure Yes/No
Curriculum not par with industry Yes
Good Infrastructure No
AICTE approved Yes
Good students faculty ratio No
Leading companies participated in placements No
Good placement record No
Internship facility No
Well acclaimed degree No
Stephen D'silva, director, Jamnalal Bajaj Institute of Management Studies, said, “At one time, the archetypal Indian MBA did join anonymous business colleges. But now with no job offer at the end, the decision is no longer complicated: a young graduate would rather take up a job or prepare harder for another shot at an entrance exam which is the gate to a better B-school.”
There are only 3000 seats with prestigious IIMs and rest of the students who did not manage to secure a seat in IIMs take admission in other B-schools. Pankaj Chandra, director of IIM-Bangalore, said, “Lakhs of students who sign up to take the Common Admission Test (CAT) for close to 3,000 seats that the IIMs have on offer. It is a great time to do an MBA. The brightest ones still want to do an MBA.”
There are many B-schools which are unable to fill all the seats and some are unable to meet the criteria of AICTE to offer programmes. There are almost 65 business management colleges across the India which are planning to close their doors for students. They are in no mood to continue with their education business; rather they are thinking to use the land for more lucrative ventures. Moreover, many industry experts feel that in near future many more colleges will shut down their doors. S Mantha, chairman of the All-India Council for Technical Education, said, “Colleges in remote India and institutes of poor quality are not getting students.”
For those students who decided not to apply to those colleges who are not very popular made right choice and save their time and money.
Reasons behind closure Yes/No
Curriculum not par with industry Yes
Good Infrastructure No
AICTE approved Yes
Good students faculty ratio No
Leading companies participated in placements No
Good placement record No
Internship facility No
Well acclaimed degree No
Stephen D'silva, director, Jamnalal Bajaj Institute of Management Studies, said, “At one time, the archetypal Indian MBA did join anonymous business colleges. But now with no job offer at the end, the decision is no longer complicated: a young graduate would rather take up a job or prepare harder for another shot at an entrance exam which is the gate to a better B-school.”
There are only 3000 seats with prestigious IIMs and rest of the students who did not manage to secure a seat in IIMs take admission in other B-schools. Pankaj Chandra, director of IIM-Bangalore, said, “Lakhs of students who sign up to take the Common Admission Test (CAT) for close to 3,000 seats that the IIMs have on offer. It is a great time to do an MBA. The brightest ones still want to do an MBA.”
25 B-Schools releases placement data audited by CRISIL
There are many institutes which do not want to disclose their placement reports because of poor placement offers and many manipulate their statistics to attract more students. SP Jain Institute of Management and Research (SPJIMR), Mumbai, has become the second institute of the country to publish placement data after IIM-A. The placement data was audited by CRISIL under the ‘Indian Placement Reporting Standards’ (IPRS), an initiative started by IIM-Ahmedabad.
Presently, there 25 B-schools which are willing to accept the IPRS, which is meant to “bring in uniformity in the manner in which Indian B-schools report salary and non-salary information related to placements”.
A senior academician, said, “Such reports have become a necessity in times when it is alleged that many business/management institutes give misleading figures. In such scenarios, what is the actual cost to company or CTC and what is being projected by institutes, becomes a matter of concern. Also, business school fees are high, so it makes sense to give students the actual picture and not keep placement figures under wraps.”
SPJIMR followed the footprints of IIM-A, and become the second management institute in the nation to release two audited reports of placements. It released the report of final placements for two years, full-time postgraduate diploma in management (PDGM), and one-year postgraduate programme in management (PGPM). The report gives detailed information of sector-wise, functional-wise and location-wise classification of domestic and international placement.
Prof Abbasali Gabula, deputy director of external relations and administration at SPJIMR, said, “It gives complete transparency to the placement process and helps students and companies make an informed decision. This is an international practice and we hope that more institutes come forward and adopt this practice. It puts everything in black and white and leaves no scope for any ambiguity.”
The report also includes detailed statistics of minimum salary, average salary and maximum domestic and international salary. It also gives information about each sector and list of recruiters participated in the placement season. The audit gives information about detailed salary break-up.
Akash Deep Jyoti, head of CRISIL Ratings, said, “Following IPRS represents an important transition within the Indian management education sector. It changes the evaluation metrics of management education from the excessively focused ‘highest salary paid’ to a more realistic understanding based on comprehensive compensation data covering a large proportion of the batch.”
Presently, there 25 B-schools which are willing to accept the IPRS, which is meant to “bring in uniformity in the manner in which Indian B-schools report salary and non-salary information related to placements”.
A senior academician, said, “Such reports have become a necessity in times when it is alleged that many business/management institutes give misleading figures. In such scenarios, what is the actual cost to company or CTC and what is being projected by institutes, becomes a matter of concern. Also, business school fees are high, so it makes sense to give students the actual picture and not keep placement figures under wraps.”
SPJIMR followed the footprints of IIM-A, and become the second management institute in the nation to release two audited reports of placements. It released the report of final placements for two years, full-time postgraduate diploma in management (PDGM), and one-year postgraduate programme in management (PGPM). The report gives detailed information of sector-wise, functional-wise and location-wise classification of domestic and international placement.
Prof Abbasali Gabula, deputy director of external relations and administration at SPJIMR, said, “It gives complete transparency to the placement process and helps students and companies make an informed decision. This is an international practice and we hope that more institutes come forward and adopt this practice. It puts everything in black and white and leaves no scope for any ambiguity.”
The report also includes detailed statistics of minimum salary, average salary and maximum domestic and international salary. It also gives information about each sector and list of recruiters participated in the placement season. The audit gives information about detailed salary break-up.
Akash Deep Jyoti, head of CRISIL Ratings, said, “Following IPRS represents an important transition within the Indian management education sector. It changes the evaluation metrics of management education from the excessively focused ‘highest salary paid’ to a more realistic understanding based on comprehensive compensation data covering a large proportion of the batch.”
Thursday, February 16, 2012
8 things to know before applying to Post graduation in UK
If you are planning to study in a foreign university it can be exciting and challenging for an Indian student. If you are thinking to pursue your studies from UK, than it will be really a life changing experience for you. UK is hub of top universities of the world, Universities like Oxford and Cambridge are some of the renowned universities of UK.
If you have completed your graduation or you are in your final year than post graduation programme is right for you. Course at the Master’s level give you the opportunity to specialise in a subject which can give your career a right direction. There are some advantages which make this country most sought after study abroad destination.
Top universities in UK: UK is Mecca for those students who want to study in top universities abroad. UK is one such country which has maximum number of top universities of the world. UK has many prestigious universities like Oxford, Cambridge, Southampton, Sheffield, Leicester, Sussex, Glasgow and Kingston University.
Scholarship for students: UK universities offer various scholarships to international students. Scholarships range between £2000 and £6500 for courses such as business, marketing, finance, MBA, mechanical, electronics, automotive, computer sciences & IT, software engineering, architecture. The amount of scholarships may vary from university to university.
Most sought after PG course: Some course are most sought after by Indian students in UK such as MBA, marketing, sales and marketing, IT and computer, computer science & IT, finance, mechanical engineering, electronics, internet marketing, genetics, biotechnology, development studies, international relations, law and English literature.
Duration of the programmes: One of the biggest advantages to study in UK is that you can complete your post graduation in one year. In UK if you have applied for post graduation programme which is not research based you can complete your graduation in just one year.
Work permit for international students: UK is one such country which allows you to work while you pursue your studies there. There are many universities which allow you to work for maximum 20 hours in a week with your studies. After completion of the post graduation programme you are allowed to work for maximum for two year.
Accommodation facilities: All universities offer accommodation and hostel facility to students. The facility in most of the college is available on first-come-first-serve basis. College hostel is not only option to live in UK, you can also live in students accommodation outside the college.
Fee for post graduation course: If you are thinking to pursue your post graduate degree from UK than you should be ready to pay between £ 12,000 to £ 15,000. For most of the post graduate courses fee range is similar.
Visa Requirements:The basic requirement to apply for visa to study in UK is student should have offer letter of Admission offer into a recognized course of study at an approved UK Institution, licensed by UKBA- CAS(Confirmation of acceptance for studies).
If you have completed your graduation or you are in your final year than post graduation programme is right for you. Course at the Master’s level give you the opportunity to specialise in a subject which can give your career a right direction. There are some advantages which make this country most sought after study abroad destination.
Top universities in UK: UK is Mecca for those students who want to study in top universities abroad. UK is one such country which has maximum number of top universities of the world. UK has many prestigious universities like Oxford, Cambridge, Southampton, Sheffield, Leicester, Sussex, Glasgow and Kingston University.
Scholarship for students: UK universities offer various scholarships to international students. Scholarships range between £2000 and £6500 for courses such as business, marketing, finance, MBA, mechanical, electronics, automotive, computer sciences & IT, software engineering, architecture. The amount of scholarships may vary from university to university.
Most sought after PG course: Some course are most sought after by Indian students in UK such as MBA, marketing, sales and marketing, IT and computer, computer science & IT, finance, mechanical engineering, electronics, internet marketing, genetics, biotechnology, development studies, international relations, law and English literature.
Duration of the programmes: One of the biggest advantages to study in UK is that you can complete your post graduation in one year. In UK if you have applied for post graduation programme which is not research based you can complete your graduation in just one year.
Work permit for international students: UK is one such country which allows you to work while you pursue your studies there. There are many universities which allow you to work for maximum 20 hours in a week with your studies. After completion of the post graduation programme you are allowed to work for maximum for two year.
Accommodation facilities: All universities offer accommodation and hostel facility to students. The facility in most of the college is available on first-come-first-serve basis. College hostel is not only option to live in UK, you can also live in students accommodation outside the college.
Fee for post graduation course: If you are thinking to pursue your post graduate degree from UK than you should be ready to pay between £ 12,000 to £ 15,000. For most of the post graduate courses fee range is similar.
Visa Requirements:The basic requirement to apply for visa to study in UK is student should have offer letter of Admission offer into a recognized course of study at an approved UK Institution, licensed by UKBA- CAS(Confirmation of acceptance for studies).
XLRI Placement 2012: Economic slowdown? Not for XLRI students
Xavier Labour Relation Institute (XLRI), Jamshedpur, has just completed its final placement process for its present batch. The students received numbers of offers from various leading companies, which indicates that XLRI 2012 placement went well. As per Final Placement Report, which has been recently released by the XLRI revealed that 98% students got placed in the first three days of placement process.
This year 235 students appeared in the placement process and received total 284 offers. This placement season witnessed participation of various leading companies from different fields. In finance sector Goldman Sachs turned up as biggest recruiter with 12 offers for its asset management and investment roles. This report also revealed that a leading venture capital company also visited campus to recruit XLRI students. This company selected XLRI exclusively to recruit students.
This year the average domestic salary was Rs. 16.48 lakh, and median domestic salary was Rs. 15.5 lakh per annum. Whereas, the highest domestic salary was Rs.40 lakh per annum and highest international salary was offered $ 1,25,000 to students.
From banking and finance sector some biggies like Citibank, Edelweiss, ICICI Bank and SBI Capital Markets participated in the placement process. This year Standard Chartered and N M Rothschild's investment banking also visited campus to recruit students.
Consulting sector is another sector from which students receive many offers some big brands like Boston Consulting Group and McKinsey and Co. Deloitte Consulting recruited students for their Indian and US locations. Gallup Consulting is one company which visited campus first time to recruit students. List of other recruiters includes IBM, Hay Group, PwC, KPMG, Ernst and Young, and PeopleStrong.
Airtel is the largest recruiter in the marketing sector with 12 offers. Some well known companies which participated in the placement process were Unilever, P&G, Johnson & Johnson, GlaxoSmithKline, Nestle, PepsiCo, Hindustan Coca Cola Beverages, Marico, Britannia, ITC, Kraft Cadbury and Lenovo.
Facebook, Amazon, Flipkart and Redbus were also visited campus to participate in the placement process.
This year 235 students appeared in the placement process and received total 284 offers. This placement season witnessed participation of various leading companies from different fields. In finance sector Goldman Sachs turned up as biggest recruiter with 12 offers for its asset management and investment roles. This report also revealed that a leading venture capital company also visited campus to recruit XLRI students. This company selected XLRI exclusively to recruit students.
This year the average domestic salary was Rs. 16.48 lakh, and median domestic salary was Rs. 15.5 lakh per annum. Whereas, the highest domestic salary was Rs.40 lakh per annum and highest international salary was offered $ 1,25,000 to students.
From banking and finance sector some biggies like Citibank, Edelweiss, ICICI Bank and SBI Capital Markets participated in the placement process. This year Standard Chartered and N M Rothschild's investment banking also visited campus to recruit students.
Consulting sector is another sector from which students receive many offers some big brands like Boston Consulting Group and McKinsey and Co. Deloitte Consulting recruited students for their Indian and US locations. Gallup Consulting is one company which visited campus first time to recruit students. List of other recruiters includes IBM, Hay Group, PwC, KPMG, Ernst and Young, and PeopleStrong.
Airtel is the largest recruiter in the marketing sector with 12 offers. Some well known companies which participated in the placement process were Unilever, P&G, Johnson & Johnson, GlaxoSmithKline, Nestle, PepsiCo, Hindustan Coca Cola Beverages, Marico, Britannia, ITC, Kraft Cadbury and Lenovo.
Facebook, Amazon, Flipkart and Redbus were also visited campus to participate in the placement process.
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