India's MBAs Face Dismal Job Market
Tuesday, April 28, 2009
Salaries are down by 25%, international offers have dried up, and at some top business schools nearly half the graduates can't find jobs.
Students at Indian business schools are having just as hard a time as their American counterparts landing jobs after graduation, and they are facing one of the most painful recruiting seasons in years, according to a new report.
The job placement figures this year at nearly a dozen of India's top management schools—including four Indian Institute of Management campuses (IIMs)—are more dire than expected, according to the highlights of the 2009 MBA Placement Report, released on Apr. 22 by MBA Universe, an India-based Web site about business schools.
It's a sharp reversal from last spring, when Indian B-school students had what was their best recruiting season ever. This year the average salary across top tier B-schools is down 25%, wiping out the record 20%-to-22% salary gains students made last year.
For full article: India's MBAs Face Dismal Job Market
Source: Businessweek
Internships: B-Schools Get Creative
At some schools, half of the first-year MBA students still don't have summer jobs. The solution? On-campus, and in some cases unpaid, positions.
Every Friday morning like clockwork, Ken Keeley, executive director of career services at Carnegie Mellon's Tepper School of Business, runs a program on his computer that tracks job and internship placement figures for students. His end-of-the-week ritual has been especially gloomy this spring. Out of the 210 MBA students in the first-year class, only 55% had landed a summer internship by mid-April, leaving nearly half of the class scrambling to land internships before the end of the school year. It's a sharp change from last year, when 81% of students had secured summer jobs by this time, says Keeley.
"The biggest surprise to all of us in the industry has been how huge an impact the economy has had on internships," says Keeley. "We all knew it would hit graduate students hard, but I think we were caught off guard."
For full article: Internships: B-Schools Get Creative
Busiest airports in the world
Thursday, April 23, 2009
This is a list of the thirty busiest airports for passenger traffic, based on finalized 2008 data from the Airports Council International.
Since 1998, Hartsfield-Jackson Atlanta International Airport in the United States has been the world's busiest passenger airport. Numbers represent the number of passengers enplaned and deplaned with passengers in transit counted only once.
1. Hartsfield-Jackson Atlanta International Airport - 90,039,280
2. O'Hare International Airport (Chicago) - 69,353,654
3. Heathrow Airport (London) - 67,056,228
4. Haneda Airport (Tokyo) - 65,810,672
5. Paris-Charles de Gaulle Airport - 60,851,998
For complete list Busiest Airports in the world
India adds record 15.6 million mobile users in March
Wednesday, April 22, 2009
Indian mobile operators added a record 15.64 million customers in March, helped by the expansion of networks to smaller towns and rural areas, data from the telecoms regulator showed.
The mobile subscriber base in the world's fastest-growing wireless market rose by 50 percent, or more than 130 million, to 391.8 million in the 12 months ended March, the Telecom Regulatory Authority of India said.
India is the second-biggest market for wireless services, lagging only China which has more than 600 million users.
Indian operators had added 15.41 million customers in January and 13.45 million users in February.
The country also had about 38 million fixed-line subscribers at end-March.
Source: Reuters
American B-School Realigment
The MBA marketplace in the USA is now entering a critical period. It used to be a given that if you graduated from one of the nation's leading top-20 programmes, it would be easy to secure a dream job. The eternal spring of high salaries and bonuses, which was the 'norm', is currently at an end. Students such as Jeremy Booth have downsized their expectations. He told Roger Mitchell at WCW in New York that he would either alter his career objectives or look for something else to fulfil short-term objectives, settling for something less.
For complete information American B-School Realignment
Source: mba4success
The College Visit 101
Tuesday, April 21, 2009
A campus visit can make your business school application sing. After having spent some time among potential classmates and professors—taking in the scenery, seeing where you might live, and observing how this business school might help you fulfill your goals—you can better answer the question, "Why should you attend this program?" While making a campus visit is not a requirement for applicants, it can help you describe the harmony between you and a particular school in your application—and therefore it can improve your chances of getting accepted.
For complete article: The College Visit 101
Source: Businessweek
Opportunity Knocks: Careers in Finance
Monday, April 20, 2009
Speak to potential MBA candidates and ask them about their career objectives. Chances are you will hear the litany of venture capital, private equity, and investment banking. Not a surprise considering the lucrative salaries and challenges of the financial services industry. This sector is booming and can never seem to find enough talent. The City of London holds many attractions for recent MBA grads with its professional opportunities on a global scale coupled with unequalled cultural advantages, fine dinning, and lifestyle.
For more information: Opportunity Knocks: Careers in Finance
Source: mba4success
In times of recession: What now for MBAs 2009
The meltdown of the financial world in 2008 has left many professionals reeling and wondering what is next in their lives. Looking at the statistics of the number of applicants to world's best MBA programmes, the numbers are skyrocketing. The business schools are thrilled and they are literally spoiled for choice among the best and brightest not to mention the most ambitious. Applicants who might have sailed in to schools such as Wharton or INSEAD in years past are often put on the waiting lists. Many are rejected outright and don't understand. They have good grades from an excellent undergrad programme, showed promise and all the key traits the business schools target. And yet, they were not accepted.
For more information In terms of recession: What now for MBAs 2009
Source: mba4success
Google widens lead in U.S. searches: comScore
Friday, April 17, 2009
Internet search firm Google Inc took its widest-ever lead in the U.S. search market in March, according to new figures released on Wednesday by comScore.
Google had a 63.7 percent share of the 14.3 billion U.S. searches in March, up 0.4 percentage points from February, and above the 63.5 percent level that was its previous high.
Source: Reuters
Spammers scourge to inbox and environment
There are plenty of reasons to hate spammers. Add this to the list: They're environmentally unfriendly.
A report being released Wednesday by security company McAfee Inc. finds that spammers are a scourge to your inbox and the environment, generating an astounding 62 trillion junk e-mails in 2008 that wasted enough electricity to power 2.4 million U.S. homes for a year.
Source: BusinessWeek
How to make the most of an MBA fair
Thursday, April 16, 2009
But given the investment of time, effort and money that an MBA demands, there is no substitute for meeting the admissions personnel of possible schools personally. So how do you go about making the best of the event?
Source: topmba
Read more...Options for MBAs Without Jobs
Wednesday, April 15, 2009
New grads needing work can choose between three strategies.
In about a month, I'll have an MBA—but no job. I'm at a respected school, my GPA is 3.5, I've got two years of retail consulting experience and great references, and I've been doing all the right things to get hired. Please help.—Anonymous, Chicago
Source: Businessweek
Extracurriculars: The Extras That Count
Tuesday, April 14, 2009
Impressing an MBA admissions committee is sometimes as simple as telling a good story about your interests, your activities, and yourself
Like everyone in junior-high gym class, business school admissions committees want some of the cool kids to play on their team, too. One way to show the admissions committees at top business schools that you're a cool kid—someone who is more than his standardized test scores and résumé—is through your extracurricular activities. "No business school wants a class of nerds or workaholics," says Linda Abraham, president of the admissions consultancy Accepted.com. Although you can get into business school as a traditional candidate, who likely tutors or works for Habitat for Humanity or sits on a board for some company or nonprofit, there's no denying that the more unique your extracurricular activity, the more you can use it as a way to stand out from the other applicants.
Source: Businessweek
Microsoft search engline lags at home
Monday, April 13, 2009
Microsoft's new search engine, Live Search, has gotten off to a slow start, even among company workers who are not widely using the service, an executive says.CNET News reported Monday that Microsoft Senior Vice President Yusuf Mehdi said the company's share of the search market has been disappointing.
About half of the company's workers -- while on duty -- are still clicking on Google and other portals to conduct their Internet searches, the report said.
Netbook computers spark corporate interest
One possible future of mobile computing is on display in classrooms in Fresno, Calif., where the public school district has deployed 10,000 Hewlett-Packard Co. "netbooks" with an upgraded Cisco Systems Inc. wireless LAN.
While the term "netbook" has no formal definition, it typically applies to a class of mobile computers that are smaller and lighter than conventional laptops and have lower-resolution displays that are 7 to 11 inches in size. Netbooks, which are made by vendors such as HP, Asus, Acer and Dell, typically have small hard drives or none at all, and they rely on less-powerful CPUs than standard laptops. To some critics, that adds up to a crippled notebook PC.
EBay buys Korean rival's stake for $413 million
EBay Inc has agreed to buy a controlling stake in South Korean online retailer Gmarket Inc for $413 million, at a 32.5 percent premium, news service eDaily reported on Monday.
The long-discussed deal would help U.S. online auctioneer eBay emerge as a dominant player in South Korea's customer-to-customer online market by taking control of its key competitor.
Source:Reuters
Another Try for a Microsoft and Yahoo Deal
Sunday, April 12, 2009
In a development that can't be too surprising but may revamp the Internet landscape, Yahoo (YHOO) Chief Executive Carol Bartz and Microsoft (MSFT) CEO Steve Ballmer have started talking about forging Internet search and advertising deals.
Source: Businessweek
On the Net: College too expensive? Try YouTube
Thursday, April 9, 2009
College too expensive? Try YouTube.
It might seem counterintuitive to look for higher education alongside Avril Lavigne music videos, but the video-sharing site has become a major reservoir of college content.
The Google Inc.-owned YouTube has for the last few years been forging partnerships with universities and colleges. The site recently gathered these video channels under the banner YouTube EDU (http://www.youtube.com/edu).
Source: Associated Press( Hosted by Google)
Putting a Price on Social Connections
Wednesday, April 8, 2009
Messaging with the boss much? Maybe you ought to be. Workers who have strong communication ties with their managers tend to bring in more money than those who steer clear of the boss, according to a new analysis of social networks in the workplace by IBM (IBM) and Massachusetts Institute of Technology.
Source: Businessweek.com
Master's of Financial Universe
Tuesday, April 7, 2009
When Rachel Gordon decided to pursue a master's degree at American University's School of International Service, she realized that she would need a more in-depth knowledge of finance if she wanted to pursue her interest in emerging markets. Having already graduated with an undergraduate business degree—Gordon was a marketing, accounting, and international business triple major at Northeastern University—the ambitious 25-year-old was wary of pursuing a general management degree like an MBA.
Source: Businessweek.com
IBM, Sun Micro talks collapse over price: source
Monday, April 6, 2009
IBM's talks to acquire smaller computer and software rival Sun Microsystems Inc broke down on Sunday after Sun rejected IBM's $7 billion offer, a source with knowledge of the matter said.
The collapse of negotiations, if final, is likely to hurt Sun's shares as a buyout was seen as a means of survival for the once-storied Silicon Valley company, which has been losing market share. A deal would also have helped IBM compete more effectively against rivals such as Hewlett-Packard Co.
Source: Reuters.com
Why MBA bashing is unfair
Saturday, April 4, 2009
How long does it take to earn the Master of Business Administration qualification? One year of full-time study? Two years? I have just received delivery of two new books. One is a hefty, serious-looking tome called The 30 Day MBA. The other is a lighter, jollier number. Its title? The 80 Minute MBA.
Look on Amazon and you will find that a 12 hour, one day, 10 day, vest pocket, portable and fast forward MBA are all available as well. But it could be dangerous to be seen reading any of these books at the moment. Scapegoats are still being sought for the crisis in world markets. MBA graduates make a convenient target.
Source: Financial Times
Google’s Phone Apps for the Blind, and Everyone Else
Friday, April 3, 2009
The featureless glassy screens of touch-screen phones may seem like a forbidding barrier for blind users, who often rely on tactile clues to feel their way around. But a pair of engineers at Google, T.V. Raman, who is blind, and Charles Chen, who is sighted, have developed software that makes the touch-screen T-Mobile G1, which uses Google’s Android software, more accessible to blind users. They hope the technology will also be useful to anyone who needs to operate a phone without looking at the screen, like drivers.
Source: The New York Times
Nokia: Calling America with a new smartphone
What do soccer club Manchester United, singer Robbie Williams, and Finnish handset maker Nokia (NOK) have in common? They're all hugely popular in most of the world, but have only a handful of fervent followers in the U.S. Now Nokia, with 37% of the global mobile-phone market, is making a new push to boost its meager 8% share in the U.S.
Read more...Apple's iPhone, an Indian Flop, Prepares for China
Wednesday, April 1, 2009
The failure of Apple's iPhone to make a dent in India's lucrative telecom market may hold lessons for its upcoming push in China
Take the most talked-about phone in recent history and launch it in one of the fastest growing cell-phone markets in the world, and you'd expect fireworks. But in India, where carriers Vodafone (VOD) and Bharti Airtel (BRTI.BO) have been offering Apple's (AAPL) iPhone since last August, unsold phones are stacking up at shops around the country. Apple won't break down sales figures by country, but a senior Airtel executive confirms analyst estimates that total official iPhone sales here have yet to touch 15,000 handsets
Google forms $100 million venture fund
Google Inc is forming a $100 million fund to invest in early-stage start-up firms.
The fund, to be called Google Ventures, will be wholly owned by Google, but will operate as a separate entity and will seek investment opportunities to maximize returns rather than looking for investments that strictly fit with Google's strategic vision.
Another Google Killer Dies
When Wikipedia cofounder Jimmy Wales launched his search service Wikia Search in late 2006, he was hoping to “fix Internet search by working to free the judgment of information from invisible rules inside an algorithmic black box.” Meaning he was hoping to do a number on Google.
Read more...HP Is 'Studying' Android for PC Use
If Hewlett-Packard, the world's biggest PC maker, were to install Google's operating system on netbooks, Microsoft Windows could face strong competition.
Move over, Microsoft. Hewlett-Packard may give Google the entrée it needs to provide the go-to operating system for new lines of mass-market notebook computers.
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