I am a 44-year-old sales executive working in a steel company for
the past 14 years. I obtained a management degree with specialisation
in marketing in 1998. I am planning to migrate to the US in a couple
of years. What professional skills and academic qualifications will
help me get a good job there?
It will not be easy for you to get a job of your choice in the US
on account of your age. You may have to compromise on your choice
of sector or location of the job at least in the beginning. On the
other hand, your experience as a sales executive for the past 14
years could help you land a lower-level sales job in the US more
easily than would be the case otherwise. It would help a lot though,
if you managed to acquire some exposure to industries other than
steel before you went to the US. This will give you greater flexibility
while applying for jobs in that country.
I am a 37-year-old chartered accountant
and have worked in the finance departments of several service sector
companies, including an advertising agency. In 1997, I started my
own financial consultancy business but that didn't do very well
and had to be wound up after two years. I enrolled into a three-year
law course in 1999 and successfully became an advocate this year.
I approached several reputed consulting firms for a job but none
responded. My options seem to be restricted to either joining a
law firm at a low salary or to take up a finance or accounting job,
neither of which holds much promise. What should I do?
Consulting firms worldwide have been going
through a tough time in the last couple of years. Most big firms
have not only put recruitment on hold but have laid off hundreds
of employees. There are very few jobs going in the consulting sector
currently. Given your work experience, your best option would be
to apply for a corporate finance job. Your legal qualification will
prove an added advantage in securing for you a promising career
in the service sector. You could also consider applying to the legal
department of an insurance or financial services company, where
you would be able to utilise your knowledge of finance as well as
law. Eventually, you can take up a consulting job when things start
looking up in that sector.
I have a B.Tech degree from the British
Columbia Open University, Canada, which offers long-distance courses.
I recently learnt about an MBA course being offered in India in
association with a US university. The programme is accredited in
the US and its curriculum is modelled on the lines of what mainstream
B-schools offer there. The MBA programme costs Rs 2.5 lakh and offers
students the option of working while doing the course. What are
my chances of landing a job abroad after doing the course? Would
this be better than joining a B or C grade business school in India?
You would be well advised to take into account
the placement of students who have done the MBA programme in the
previous year-in terms of the recruiting companies as well as the
positions offered. This is a good indicator of the course's market
value. Also, find out what the academic standard of the university
concerned is. Don't fall for the overseas label-there are B and
C grade business schools in all countries. While an MBA acquired
from a good overseas B-school may give you a better chance of getting
a job abroad, remember that your prospects would as bright if you
had an equivalent qualification from a first-rung B-school in India
while the costs would be low in comparison.
I am a 26-year-old software engineer working
with an Indian company in the US. I have notched up a General Management
Admission Test (GMAT) score of 730 and am considering doing an MBA
in the US. To fund my education I will have to take a loan, which
I will be required to repay over three years from my post-MBA earnings.
Does it make sense for me to take a loan to do an MBA programme
abroad?
Unlike in India, taking educational loans is
an established and popular practice in the US, with few downsides
attached to it. Assuming that you continue to work in that country,
you can expect your salary to rise considerably after the completion
of the MBA course. Repaying the loan shouldn't be too difficult
once that happens. Also, the average age of B-school students in
the US is between 26 and 30, so age is no barrier to your going
in for an additional qualification. What you need to keep in mind,
however, is that the course you do should be from a reputed B-school.
Answers to your career concerns are contributed
by Tarun Sheth (Senior Consultant) and Shilpa Sheth (Managing
Partner) of HR firm, Shilputsi Consultants. Write to Help,Tarun!
c/o Business Today, Videocon Tower, Fifth Floor, E-1, Jhandewalan
Extn., New Delhi-110055.
Recruiter's Diary
It is difficult to
describe an ideal candidate for the CEO's slot, but here are some
traits you should look for while recruiting one.
|
Sunit Mehra, Country Manager, Hunt Partners
India |
An
article in the economist recently talked about "watching out"
for charismatic CEOs and how the humble and conscientious CEOs are
back in fashion. The markets want straight-laced managers with solid
conservative virtues. Another international magazine recently talked
of the "Teddy Bear" CEOs who are the order of the day-individuals
such as Sam Palmisano and Jeffrey Immelt who are more empathetic
towards the needs of their organisations.
THE IDEAL CEO SHOULD BE...
|
» Passionate
and effective in his communication
» Highly
energetic at work
» Achievement-oriented
with conviction in his goals
» Persistent
» Honest
to the core
» Have
both a micro-and macro-level perspective
» Able
to inspire future generations of leaders
|
While it is very hard to simply enlist the traits
of a successful CEO, over time we have been able to narrow them
down to some very fundamental characteristics that we believe go
beyond the fads. There are turnaround CEOs, start-up CEOs and growth-oriented
CEOs, but some attributes cut across all the different types and
should be our guiding light while assessing candidates for the chief
executive's post.
We were recently mandated to find a managing
director for an MNC. We conducted exhaustive research and interviewed
12 candidates.
We usually like to begin an interview by allowing
the individual to talk about himself and ask any questions he might
have. One candidate was discounted, as he had no strategic questions
to ask about our client's business. Another one was discounted because
he was unable to show clarity of thought. One candidate was rejected
as his every statement and achievement started with an "I".
Some failed to make the cut for inability to express financial facts
and figures of their company effectively. Some were too involved
in extra-curricular activities, thereby limiting their time at work.
We finally zeroed in on four for interview
with our client. The individual, who finally got the job, had all
the traits we were looking for, but most importantly, he had clearly
created and institutionalised systems to develop future generations
of strong leaders. His subordinates and peers raved about him.
B-School
Blues: Are They Finally Over?
After a disappointing show last year, B-school
placements look set to witness a revival.
The
much awaited b-school placement season is just round the corner,
and if summer placements are any indication of what to expect, the
class of 2003 seems headed for a better time than what its seniors
experienced last year.
In keeping with the broad job market trend,
the revival is expected to be driven by domestic it companies- Infosys
and Wipro, in particular-that carried out extensive recruitment
drives in the last few months. FMCG majors, which had drastically
slashed recruitment targets last year, are expected to return in
large numbers, as are the banks. New companies from the telecom,
insurance and pharmaceuticals sectors will also be making a beeline
to grab some of India's brightest business talent from campus this
year. The international biggies, though, are likely to stay away
this year as well, which continues to worry the top B-schools. Says
Ravindra Dholakia, in charge of placements at IIM-Ahmedabad, "We
are largely unaffected by swings in the domestic job market."
The global recession, which has affected the large international
recruiters, is a major cause for worry though.
Most do not foresee a huge rise in the salaries
offered, but an average annual growth of 10-15 per cent is expected
and students aren't complaining, considering that average salaries
dipped last year. Adds Management Development Institute's Placement
Co-ordinator, Amit Mukherjee, "Salary is certainly important,
but students are actually looking at the quality and exposure of
the job."
-Subhajit Banerjee
|