Archive for July, 2007

They say that the honeymoon period begins in reverse order in IIMs. So to say it peaks the month before the course ends and starts somewhere midway, i.e. with the start of second year.

My prolonged absence from what used to be one of my frequent pit-stops, my blog, is due to the unforeseen academic load that has viralled in. This unusual load is not a matter of chance or of co-incidence, as most people believe. The talk doing rounds is that a two-pronged approach was taken by the PGP (Post Graduate Program i.e. MBA Program) office to curb this infidelity to their sacred subject, ‘Academics’. Firstly, they brought all the important electives in this term, so if you have even an iota of hunger for learning you got nowhere to run to pal! Secondly they squeezed a normal 3 month term into a 2 month ‘crash-course’. I don’t know where crash course got its name from, but from my end it looks to be inspired from the fact that there is a very high probability that the course will end up in a crash!

Anyways looking into the various aspects after my previous blog, here goes.

  • Summers was a fantastic learning experience. Got a feel of an Investment Bank though the workload will almost quadruple when I finally join one. I finally decided on the first stroke in the white canvas in the post-MBA employment scenario. I was decided on Investment Banking, but was not sure which branch would it be. Now I know which one it will be and more importantly the difference between them. Private Equity has become a long term career goal and Hedge funds the intermediary one.
  • Delhi was a welcome change. It was great to be back in my home-town for a longish span after almost 7 years! It was hot as a furnace, even in the nights when on one day it was 43 degrees Celsius! It was home though and that made all the difference!
  • Went for a visit to the school of ‘Babus’ in Mussoorie: Lal Bahadur Shastri National Academy of Administration. This is the place where newly minted IAS officers are polished before they take chair and officiate as Babus of India! The systems in the institute were actually generations behind what we have in IIMs and it was without doubt that it wasn’t faring half as well in living up to its mandate! In fact, the IAS Cadre Students (Officially called Officer Trainees or OTs) were so reckless with government property that they actually opened all taps of their hostels before they left for their postings at the end of their training. As a result the institute was parched for water for one full day! It’s sad that these people will be undertaking the nearest equivalent of management of government machinery.
  • Back in Campus the weather was sheer Bliss! The clouds and the rain drops laden breeze seem to be romancing all day long. The campus is so picturesque that I almost felt a pang of sadness that next year this time I will no longer be here! Our section went to a beach party one day. We all packed off early afternoon and off we went to Kappad. After many rounds of Ocean-water dumping, sand ball flinging, beach football, drinks songs and merry making we made our way joyously back to campus. The photos came out superb the next day and flaunt my flickr account now!
  • Juniors are a primarily work-ex laden batch, however they are still being treated with kid-gloves by the system. They are having a very merry time and the euphoria of having made it to IIM hasn’t collapsed yet. Probably the Mid-term examinations will do that for them. We pray that they have a soft landing so that they aren’t crippled and can rise again!
  • Our classes have started on Turbo mode from day one. I averaged 8 hours of classes till yesterday and today as I write I have chosen to conveniently skip two hours of classes that will be stretching to 23:30 hours! Management of Banks is proving to be more that living up to its precedent of being morbidly loaded, but the nice part is that the facilitator is a very nice and understanding person. Securities Analysis and Portfolio Management is by far the best course I have taken till now and the facilitator, Dr. Uday Damodaran is no way the lesser cause of that. UD sir is sheer music to ears, his classes are like listening to a maestro play Mozart or Beethoven! Financial Derivatives is a steep learning curve and the terror of Black & scholes model with their option-pricing model has already taken grip of students!
  • Finally, booze parties have been allowed in the campus, and with that it brought back the sparkle to the freshers party and to the numerous hostel parties. Hostel ‘G’ods is recreating history and truly adding glitter to its illustrious reputation as rambunctious and happening hostel. Junies have taken to watching movies and competing in all frivolous competitions in true earnest. Academics has taken a backseat for them!
  • After a lot of fanfare the Doctoral program was rolled off this year. We finally have Fellow Program in Management students in our midst! Surprisingly quite a few of them are rank freshers (what in IIM lingo is called ‘Bloody Fresher‘). They are provided air-conditioned cottages and a princely stipend of Rs. 12,000 per month for studying. The first year is common for them with the MBA students and thereafter theirs charters its way to thesis and doctoral research. Met two guys from them, nice people with an academic bent of mind and a steely resolve to achieve their goals! Wish them all the best as the flag-bearers of Doctoral program of this IIM!
  • Watched two movies (even in this academic load!), ‘Corporate’ and ‘Life in a Metro‘. Of them, the later was easily avoidable and a typical bollywood quasi-masala contemporary genre movie. Corporate on the other hand was a very nice movie and threw up many questions of business ethics and its importance in the life of professional managers like us.