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Most human resources (HR) professionals feel that business schools are not doing enough to address the skills gap facing organisations, a survey said. 
 "Only 29 per cent of the respondents felt that business schools are actually addressing the skills required at the workforce," according to a research on HR and business outlook conducted by <keyword id="1433263" type="UNKNOWN" weightage="20" keywordseo="SP-Jain-School-of-Global-Management">SP Jain School of Global Management</keyword>. 

	A total of 61 per cent of HR professionals across organisations felt that business schools were somewhat addressing the skills gap and 10 per cent felt that B-schools were doing "very little". 
 

	The survey opined that this makes a very strong case for re-imagining management education itself. 
 SP Jain School of Global Management conducted the research across its campuses in Dubai, Singapore, Sydney and India among professionals from various sectors, including HR executives in <keyword id="34523" type="CITY" weightage="20" keywordseo="fmcg">FMCG</keyword>, <keyword id="34583" type="ORGANIZATION" weightage="20" keywordseo="pharmaceuticals">pharmaceuticals</keyword>, banking and financial services and hospitality sectors, among others. 

	The top skills identified as desirable for B-school graduates were managing complexity, innovative thinking, critical thinking and problem solving, effective communication skills, leadership and interpersonal skills, cultural sensitivity and diversity, decision making and problem solving, design thinking and dealing with ambiguity, it said. 
 Further, it said that promoting business growth has emerged as the top concern among <keyword id="674268" type="UNKNOWN" weightage="20" keywordseo="HR-managers">HR managers</keyword> across the world, followed by managing costs, enhancing employee engagement and retention, aligning business with HR strategy and attracting talent for key positions. 

	Clearly there is a transformation here as HR has always been seen as primarily only responsible for attracting and retaining key talent, it added. 
 

	HR managers across the world agreed that 'managing employee expectations' was one of the major concerns that they were grappling with. 
 

	This is followed by aligning business and HR strategy, developing effective HR programs, upskilling HR professionals for the future and adopting new technology, the survey said. 
 

	"The importance of HR can never be overemphasised. It is fast emerging as the bedrock on which performance of companies will be benchmarked," said Christopher Abraham, the architect of the survey and HR thought leader at the SP Jain School of Global Management. 
 

	The survey also explored the top five retention strategies. Innovative and engaging work topped the list, which spoke about how the new age workforce is keen to be involved and contribute. 
 

	This was followed by work-life balance programs, meaningful benefits and incentives, competitive remuneration options and leadership development programs.

B-schools not doing enough to bridge skills gap: Survey

<ul><li>Over 70 students at the SP Jain School of Global Management received job offers from Australia. </li><li>The average starting salaries stood at ₹27 lakh. </li><li>Other top overseas job locations include the US, UAE, Singapore, Japan and Germany among others.</li></ul>Australia has been luring Indian students with attractive pay packets and job offers. Of the cohort of 140 undergraduate BBA (Bachelor of Business Administration) students at SP Jain School of Global Management — which is on the Forbes list of top 20 international business schools — more than 70 secured <keyword id="639373" type="PERSON" weightage="20" keywordseo="jobs-in-australia">jobs in Australia</keyword> with average starting salaries of ₹27 lakh (AUD 55,000), as per the institute’s official release. “It comes as no surprise to us that a majority of students have chosen to start their careers in Australia. After completing the program, SP Jain students are entitled to a 2-year unrestricted Post Study Work Rights Visa and many of them take up this opportunity,” said Richard Coller, Director of Professional Readiness at S P Jain’s Sydney campus. Other top overseas job locations include the US, UAE, Singapore, Japan and Germany among others. Most of the offers came from Deloitte, Bank of Queensland, Mediacom, Mindshare and Schneider Electric. The top sectors of employment include sales &amp; marketing, finance and operations. Unlike other university degrees, <keyword id="3095901" type="PERSON" weightage="20" keywordseo="SP-Jain-Global">SP Jain Global</keyword> offers a four-year BBA programme. Students study in Singapore or Mumbai for the first Year followed by Dubai and Sydney. “Our students have had the unique advantage of studying in not one, but a minimum of three global cities – Singapore, Dubai and Sydney. At each location, they have had opportunities to pursue projects, out-of-class activities and internships that have made them very relevant and attractive to leading companies in Australia and around the world,” Coller added. It recently received the highest salary package ever at ₹45 lakh per annum for a student of its global MBA programme. See also: <a href="https://www.businessinsider.in/careers/news/90-mba-graduates-from-sp-jain-school-of-global-management-bag-international-offers-with-an-average-salary-of-20-lakh/articleshow/72251657.cms">90 MBA graduates from SP Jain Global bag international offers — with an average salary of ₹20 lakh</a> <a href="https://www.businessinsider.in/careers/news/iim-mba-finance-students-pick-ai-and-tech-roles-over-investment-banking/articleshow/72467406.cms">Recruiters explain why finance MBAs in India are looking beyond investment banking roles⁠— and rightly so</a> <a href="https://www.businessinsider.in/business/news/an-indian-billionaire-had-to-rework-his-philanthropic-programme-because-there-werent-enough-women-entrepreneurs/articleshow/71813950.cms">An Indian billionaire had to rework his philanthropic programme because there weren’t enough women entrepreneurs</a>

Australia emerges as the hottest employment destination for Indian graduates seeking overseas jobs

<ul><li>SP Jain School of Global Management has recorded the highest starting package as ₹45 lakh for its global MBA programme. </li><li> The average annual salaries of students also increase thrice over to ₹20 lakh — compared to ₹6.5 lakh before enrolling in MBA programme. </li><li>Over half of the students were extended international placement opportunities. </li><li>Top recruiters include KPMG, Deloitte, Adani and Barclays.</li></ul>SP Jain School of Global Management, which was recently ranked as the 12th best institute for international MBA programmes by Forbes, is living up to its laurels. Of the total 180 students, more than half of MBA graduates from the b-school have bagged international offers across locations like Singapore and Dubai. The top recruiters include KPMG, Deloitte, Adani and Barclays. It has received the highest salary package ever at ₹45 lakh per annum for a student of its global MBA programme. And it is not a one off case either. The average annual salaries of students also increase thrice over to ₹20 lakh — compared to ₹6.5 lakh before enrolling in MBA programme. In the last one year, starting salaries increased by 10%. “Our students have a unique edge when it comes to competing for global jobs. They have first-hand knowledge of how to operate and succeed in a global business environment. They know how to work in global teams; these skills have continued to reap rewards in the form of better jobs and salaries long after they graduate,” said Balakrishna Grandhi, Dean of the school’s full-time post-graduate programmes. The global MBA programme is a one-year course dedicated to professionals with minimum three years of experience. One in every four offers came from the consulting sector. Other emerging sectors were logistics and supply chain, IT and fintech. S P Jain Global is an Australian business school with campuses in Mumbai, Dubai, Singapore and Sydney. Last year, the B-school was ranked in the top five for international MBA, according to <keyword id="6513530" type="ORGANIZATION" weightage="20" keywordseo="times-higher-education">Times Higher Education</keyword> and the Wall Street Journal. See also: <a href="https://www.businessinsider.in/careers/news/over-1200-students-bag-pre-placement-offers-at-iit-delhi-iit-guwahati-iit-madras-iit-hyderabad-and-there-are-more-to-go/articleshow/72239289.cms">Over 1,200 IITians bag pre-placement offers — and there are more to go</a> <a href="https://www.businessinsider.in/education/news/b-school-students-get-summer-placements-but-for-technology-job-profiles/articleshow/72139265.cms">B-school students get summer placements — but for technology job profiles</a> <a href="https://www.businessinsider.in/careers/news/resolution-professionals-can-make-as-much-as-1-5-lakh-a-month-and-are-in-demand/articleshow/72136059.cms">Resolution professionals can make as much as ₹1.5 lakh a month and are in demand</a>

90 MBA graduates from SP Jain Global bag international offers — with an average salary of ₹20 lakh

<ul><li>Global advertising company Media.net is looking to hire engineering and management graduates across India. </li><li>The company plans to recruit over 60 engineering students from the top Indian institutions — including Indian Institutes of Technology (IITs). </li><li>The remuneration for engineering job roles will range from ₹15 lakhs to ₹28.5 lakhs and upto ₹34 lakhs for managerial roles.</li></ul>Global advertising company Media.net is looking to hire engineering and management graduates across India. The company plans to recruit over 60 engineering students from the top institutions including Indian Institutes of Technology (IITs), Indraprastha Institute of Information Technology (IIIT), Birla Institute of Technology and Science(BITS)and National Institute of Technology (NITs). These include jobs across software development and DevOps (Site Reliability) domains. According to the company, the remuneration for these job roles will range from ₹15 lakhs to ₹28.5 lakhs, depending on the role. Other than the core software roles, it will also hire nearly 80 freshers as web developers, UI developers, database engineer, business development associates, research analysts, and aata analysts. “With a major share of the marketers’ budget being allocated to digital ads, there is widespread demand for professionals to meet the growing needs of customers. These new hires will bring with them innovative ideas and help us build a next-gen technology platform,” the company said in a statement. While for the managerial roles, it is absorbing talent from top b-schools in India, including Indian School of Business (ISB), Indian Institutes of Management (IIMs) and SP Jain Institute of Management and Research for product management, product analytics, and product marketing roles. The average starting salaries can go as high as ₹12 lakhs to ₹34 lakhs. Media.net’s has an employee base of over 1,300 people working in areas like software development, analytics, business development, sales and marketing. See also: <a href="https://www.businessinsider.in/careers/news/indias-top-b-school-graduates-are-being-paid-over-2-lakh-for-summer-internships/articleshow/71500201.cms">India’s top b-school graduates are being paid over ₹2 lakh for summer internships</a> <a href="https://www.businessinsider.in/education/news/b-school-students-get-summer-placements-but-for-technology-job-profiles/articleshow/72139265.cms">B-school students get summer placements — but for technology job profiles</a> <a href="https://www.businessinsider.in/careers/news/90-mba-graduates-from-sp-jain-school-of-global-management-bag-international-offers-with-an-average-salary-of-20-lakh/articleshow/72251657.cms">90 MBA graduates from SP Jain Global bag international offers — with an average salary of ₹20 lakh</a>

A global adtech firm is looking for over 130 new engineering and management freshers in Mumbai and Bengaluru

India has thousands of institutes that offer <a href="http://www.businessinsider.in/searchresult.cms?query=management+degrees&amp;sortorder=effectivedate">management degrees</a>. Few among this bunch offer quality faculty, and are worth your money. 
 
Given that a lot of schools make tall claims, it’s becoming increasingly difficult to make the right decision about what is a 'top B-School'. 
 
You need information on several parameters before you can come to a conclusion about the right MBA School. Here is a list of India's top <a href="http://www.businessinsider.in/searchresult.cms?query=B-Schools&amp;sortorder=effectivedate">B-Schools</a> that will help you make the right decision this admission season. 
 
<a href="http://www.iimahd.ernet.in/">Indian Institute of Management Ahmedabad (IIMA)</a> 
 
<a href="https://insideiima.files.wordpress.com/2013/06/a-120.jpg">Image Source</a> 
Indian Institute of Management Ahemedabad has consistently been ranked as the number one management school in the country year after year in the last several years. 
 
IIMA stands at 56 among the top 100 international B-schools in the world that offer full time MBA. It’s two-year post graduate programme in management (PGP) is among the top ten programmes in the category of Masters Programmes in Management that do not require work experience as pre-requisite for admission. 
 
Its one-year post graduate programme in management for executives (PGPX) is also among the top <a href="http://www.businessinsider.in/searchresult.cms?query=MBA&amp;sortorder=effectivedate">MBA</a> programmes globally. 
 
<a href="http://www.iimcal.ac.in/">Indian Institute of Management Calcutta (IIMC)</a> 
 
<a href="https://upload.wikimedia.org/wikipedia/commons/0/08/IIMKolkata.jpg">Image Source</a> 
The Indian Institute of Management Calcutta (IIMC) was established as the first national institute for Post-Graduate studies and Research in Management by the <a href="http://www.businessinsider.in/searchresult.cms?query=Government+of+India&amp;sortorder=effectivedate">Government of India</a> in November 1961 in collaboration with Alfred P. Sloan School of Management (<keyword id="54274" type="ORGANIZATION" weightage="80" keywordseo="MIT">MIT</keyword>), the Government of West Bengal, The Ford Foundation and Indian industry. 
 
Over the years, IIMC has grown into a mature institution with global reputation, imparting high quality management education. Its well known for placing students in consulting and finance roles. 
 
<a href="http://www.xlri.ac.in/">XLRI Xavier Institute of Management, Jamshedpur</a> 
 
<a href="http://www.kampuzz.com/images/college_images/KP5556895e9623c.jpg">Image Source</a> 
XLRI – Xavier School of Management is a management school based in Jamshedpur, Jharkhand. Established in 1949 as the Xavier Labor Relations Institute, XLRI is acknowledged as India’s oldest business management school. 
 
The Jesuit managed school’s main programs include a full-time 2-year post graduate program in Business Management, Personnel Management &amp; Industrial Relations (re-christened as Human Resources Management in 2011) and Global MBA, 15 months full-time General Management program (PGDM-GM), doctoral fellow programs (FPM) and many executive education programs. 
 
<a href="http://www.fms.edu/">Faculty of Management Studies (FMS), Delhi</a> 
 
<a href="https://upload.wikimedia.org/wikipedia/commons/2/20/FMS-_The_Red_Building_of_Dreams.JPG">Image Source</a> 
Faculty of Management Studies (aka FMS Delhi), established in 1954 under the University of Delhi. It offers management education to the professional managers as part-time and full-time MBA programmes. It is one of the oldest business schools in India which started offering a Full Time MBA programme. 
 
FMS is known for its academic programmes, training programmes, research and consultancy, but its primary aim is long-term academic programme leading to a Degree Certification. 
 
Currently, FMS conducts the following long-term programmes: 
 
· MBA (Full Time) 
· MBA(Executive) 
· MBA(Executive)Health Care Administration 
· Doctoral Programmes 
· Bachelor of Management Studies 
 
In addition to all these programmes, FMS also regularly conducts Management Development Programmes. 
 
<a href="http://www.iimk.ac.in/">Indian Institute of Management Kozhikode (IIMK)</a> 
 
<a href="https://upload.wikimedia.org/wikipedia/commons/3/33/IIM_Kozhikode_Aerial_View_s.jpg">Image Source</a> The Indian Institute of Management Kozhikode is one of the 13 Indian <keyword id="541056" type="ORGANIZATION" weightage="60" keywordseo="Institutes-of-Management">Institutes of Management</keyword> set up by the Government of India. The Institute, founded in 1996 in collaboration with the State Government of Kerala, was the 5th IIM to be established. 
 
IIMK offers following academic programs: 
 
· Post Graduate Programme in Management 
· Fellow Programme in Management 
· Executive Post Graduate Programme 
· Social Development Initiatives 
· International Exchange 
 
<a href="http://www.iimidr.ac.in/">Indian Institute of Management Indore (IIMI)</a> 
 
<a href="http://www.campusoption.com/images/colleges/gallery/25_05_16_081721_-IIM-Indore.jpg">Image Source</a> The Indian Institute of Management Indore is an autonomous public <keyword id="107736" type="ORGANIZATION" weightage="60" keywordseo="Business-school">business school</keyword> located in Indore, Madhya Pradesh. IIM Indore is the sixth of the prestigious Indian Institute of Management (IIM) chain of management schools. 
 
IIMI offers following academic programs: 
 
· Integrated Programme in Management (IPM) 
· Post Graduate Programme in Management (PGP) 
· Executive Post-Graduate Programme in Management (EPGP) 
· Post Graduate Programme in Management for Executives (PGPMX) 
· Fellow Programme in Management (FPM) 
 
<a href="http://www.spjimr.org/">S. P. Jain Institute of Management &amp; Research (SPJIMR), Mumbai</a> 
 
<a href="http://www.crackmymba.com/wp-content/uploads/2015/06/SP-Jain-Mumbai.jpg">Image Source</a> 
S.P. Jain Institute of Management and Research (SPJIMR) is a part of Bharatiya Vidya Bhavan. It is recognized as one of the premier business schools of India. The Institute grew rapidly in eminence from one of the three B-schools in Mumbai in 1981 to one of the top ten B-schools in the country by 1994-1995. 
 
S.P. Jain offers following academic programs: 
 
· Post Graduate Diploma in Management 
· Post Graduate Programme in Management · <keyword id="740123" type="UNKNOWN" weightage="40" keywordseo="executive-management-programme">Executive Management Programme</keyword> 
· Family Managed Business programme 
 
<a href="http://www.mdi.ac.in/">Management Development Institute (MDI), Gurgaon</a> 
 
<a href="http://getmyuni.azureedge.net/college-image/big/management-development-institute-mdi-gurgaon.jpg">Image Source</a> <keyword id="481185" type="ORGANIZATION" weightage="60" keywordseo="Management-Development-Institute">Management Development Institute</keyword> (MDI) is one of the premier business schools in India. It was established in 1973 and is located in Gurgaon, a commercial hub near New Delhi, India. 
 
MDI offers following academic programs: 
 
· Post Graduate Programme in Management (PGPM) 
· Post Graduate Programme – Human Resource Management (PGP-HRM) 
· Post Graduate Programme in International Management (PGPIM) 
· National Management Programme (NMP) 
· Post Graduate Diploma in Public Policy and Management 
· Fellow Programme in Management 
· Executive Fellow Programme in Management 
· Part Time Post Graduate Programme in Management (PT-PGPM) 
 
<a href="http://www.iift.edu/new/">Indian Institute of Foreign Trade (IIFT), New Delhi</a> 
 
<a href="http://fi.ge.pgstatic.net/colleges/gallery/processed/1430076655.3c6274feea944a8ca15826ebec3edf93.jpg">Image Source</a> 
The Indian Institute of Foreign Trade (IIFT) is an autonomous public business school established in 1963 by the Government of India to help professionalize the country’s foreign trade management and increase exports. 
 
Its flagship program is the Master of Business Administration in International Business (MBA-IB). It is the only institute among the top-10 business schools of India that offers this program. 
 
Apart from the MBA(IB) Course, IIFT provides various Management Development Programs, Executive Programs and Certificate Programs catering to the requirements of aspiring International Business executives and mid-career professionals alike. 
 
<a href="http://www.imi.edu/">International Management Institute (IMI), New Delhi</a> 
 
<a href="http://getmyuni.azureedge.net/college-image/big/international-management-institute-imi-new-delhi.jpg">Image Source</a> 
International Management Institute, New Delhi, popularly known as IMI New Delhi is a Private Business School located in New Delhi, India. Established in the year 1981, IMI New Delhi was India’s first corporate sponsored business school. 
 
IMI offers following academic programs: 
 
· Post Graduate Diploma in Management (PGDM) 
· Post-Graduate Diploma in Management – Human Resources (PGDHRM) 
· Post Graduate Diploma in Management – Banking and Financial Services (PGDM – B&amp;FS) 
· Executive Post Graduate Diploma in Management (EXPGDM) 
· Fellow Program in Management (FPM) 
 
<a href="http://www.iimahd.ernet.in/assets/templates/mytemplates/iima/images/gallery/VikramSarabhaiLibrary1.JPG">Image Source</a>

The 10 Best Business Schools in India

The budget provides an indication of government’s intent. This was the 85th annual budget, and judging by the reaction of the market, one must certainly underline that it was a growth-oriented one.
 

	It is a welcome relief that the budget steered clear of populism and had a clear focus on fiscal consolidation, infrastructure and the depressed rural economy. Allocations for MGNREGA have been received well because it has demonstrated that the government is willing to support effective schemes, even if they were launched by the previous government.
 The government with its proposals showed its intent to stick to the roadmap for fiscal consolidation with next year’s <keyword id="6365485" type="UNKNOWN" weightage="100" keywordseo="fiscal-deficit">fiscal deficit</keyword> target at 3.5 per cent of the GDP. This is excellent from the point of view of how the world views India. 

	Looking to the demand for fiscal reforms on one side and the challenge of global headwinds on the other, the government’s decision to adhere to fiscal consolidation makes the budget pragmatic and prudent.
 Steps the government takes to boost growth would impact how India is perceived. Here the clear focus needs to be on the ease of doing business, providing a predictable tax regime, clarity on retroactive <keyword id="6383566" type="PERSON" weightage="100" keywordseo="Taxation">taxation</keyword>, disinvestment and curbing corruption. Naturally, passing the <keyword id="6354679" type="ORGANIZATION" weightage="100" keywordseo="GST">GST</keyword> bill would be the game changer. Also, being associated with a management school, I am happy to applaud the need to spread digital literacy in rural areas. Of the 16.8 crore rural households, as many as 12 crore households do not have computers and are unlikely to have digitally literate people. The budget has also announced the setting up of a <keyword id="6375224" type="ORGANIZATION" weightage="100" keywordseo="higher-education">higher education</keyword> financing agency, with a fund of Rs 1,000 crore, and we need to wait a while to know what this means. 

	In a budget, one must understand is that it is impossible to satisfy everyone but one has to look to the basics, whether the budget is going to help the economy. However, a criticism could be that one did not see new schemes that could boost economic growth and attract much-needed investment. The budget offered the government an excellent platform to take advantage of the global economic slowdown. However, we don’t see any incentive for NRIs who are the natural resource base of the country.

	 
	 
	(The article is authored by Amit Dasgupta, Campus Head, Mumbai- SP Jain School of Global Management) 
	 
	Image credits: indiatimes

Steps the government takes to boost growth would impact how India is perceived

<ul><li>India’s management schools have this year breached the mark of average salaries for MBA graduates at ₹ 2 million. </li><li>Several non-IIMs including SP Jain Institute of Management and Research and Xaviers School of Management have also been paying over ₹2 million average salaries. </li><li>University Business School (UBS), Punjab University (PU), recorded the highest package at ₹5.3 million this year. </li></ul>Beating the average salary packages offered in India, many top management schools in India have significantly scaled up the starting pay for students graduating in 2019. During the recent placement season, several B-schools — including Indian Institute of Management (IIM), Kozhikode, <a href="https://indianexpress.com/article/education/iit-bombay-placement-rs-32-4-lakh-top-package-for-mba-graduates-5554289/">Indian Institute of Technology (IIT)</a>, Bombay, Management Development Institute (MDI), Gurgaon, Indian Institute of Foreign Technology (IIFT), Delhi and Tata Institute of Social Sciences (TISS) — reportedly offered packages of more than ₹2 million to MBA batches. The highest packages were reported at more than ₹3 million, compared to the average at nearly ₹2 million. According to a Campus Salary Hiring and Employment 2018 report by Mettl, the average salary for MBA graduates last year was recorded as ₹930,000 per annum, which has increased to more than a million this season. The trend clearly indicates business school graduates are now commanding better starting pay. As many as 55 companies breached the average salary mark for MDI this year, for instance, according to ET report. And not all are from the prestigious IIMs. In fact, the highest-paid graduates this year are reportedly from the University Business School (UBS), Punjab University, where the <a href="https://www.tribuneindia.com/news/chandigarh/ubs-touches-new-high-top-package-rs-53-lakh/711070.html">highest package</a> was recorded at ₹5.3 million this year. However, the average remuneration has been at ₹1.17 million for the 2018-19 batch. The average starting salaries for graduates of tier one colleges was recorded as ₹1.5 million, and tier two colleges at ₹534,000, annually, reports ET. The rise in pay may be because companies are now striving to hire quality talent with certain calibre and command, said Ketan Kapoor, Mettl. Startups, consulting firms and multinationals often chase the talent that they apparently find in premium business schools, he added. According to last year stats, the salary packages fetched by participating students crossed ₹2.4 million at the top three IIMs — Bangalore, Ahmedabad and Calcutta. However, several non-IIMs including SP Jain Institute of Management and Research and Xaviers School of Management also have a track of over ₹2 million average salaries by recruiters. Highest paymaster Consulting firms have been paying the highest to the fresh graduates, ET reported citing a senior official at IIM. However, banking and financial services sector also topped the charts this year during placements. Over <a href="https://www.livemint.com/education/news/hiring-at-b-schools-off-to-a-flying-start-with-more-offers-better-pay-1548094110264.html">30% job offers</a> at top B-schools came from the consulting sector, with students bagging over three offers across various roles. Colleges scored attractive pay packages and job placements in companies such as Deloitte, Airtel India, Amazon, Asian Paints, Oyo Rooms, and Nestle among others. See also: <a href="https://www.businessinsider.in/wipro-campus-placements-to-double/articleshow/67719782.cms">Indian IT major Wipro is on a hiring spree, plans to double campus offers and hike pay</a> <a href="https://www.businessinsider.in/latest-unemployment-report-has-niti-aayog-defending-modi-government-citing-jobs-as-ola-and-uber-driver/articleshow/67776732.cms">Unless you want to be a street vendor, a cab driver, or a road construction worker, please start your own business -- because there are no high-paying jobs in India</a> <a href="https://www.businessinsider.in/internships-in-india-on-the-rise-with-startups-leading-the-way/articleshow/67655265.cms">India sees steep rise in internships across different industries as young graduates seek more skills: survey</a>

India’s B-schools are seeing higher salary packages for graduates — and it’s not just IIMs

Mumbai, Apr 7 () Even before the COVID-19 worries-led market rout dented the value of mutual fund investments, there are chances that the fund was anyways underperforming from a long-term perspective.According to a study by S&amp;P Indices Versus Active (SPIVA), for the five years ending December 2019, a majority of funds were underperforming.Typically, asset management companies say one must invest in mutual funds for the medium to long-term and see through near-term volatilities. However, massive correction of over 25 per cent in the benchmarks over the last two months have made investors worried over the value of their portfolios.The SPIVA study said 82.29 per cent of equity large cap funds, 78.38 per cent of the ELSS (equity linked savings scheme) funds and 40.91 per cent of Mid/Small Cap equity funds underperformed their respective indices in the five years.If one feels that the condition of the portfolio would be better from a longer time horizon, Akash Jain, the associate director for global research at S&amp;P Dow Jones Indices said majority of the actively managed large-cap equity funds in India underperformed the S&amp;P BSE 100 with 64.80 per cent large-cap funds underperforming over the 10-year ending in December 2019.Over the one-year period ending December 2019, the S&amp;P BSE 100 surged 10.92 per cent, while 40 per cent of the Indian Equity Large-Cap funds underperformed the benchmark, it said. Among all the categories evaluated in the SPIVA India Scorecard, the Mid-/Small- category fared the best for active funds with majority of them managing to beat the S&amp;P BSE 400 MidSmallCap Index across different time horizons studied in the report. However, the 'survivorship rate' was low at 64.04 per cent, over the 10-year period for this category, it added. AA DRRDRR

Most mutual funds underperformed benchmarks during 2014-19 period: Report

<ul class="summary-list"><li>The new operation will be run by Alkesh Shah, who previously led the firm's Global Technology Specialist team, according to a memo obtained by Insider. Bloomberg was first to report. </li><li>"<keyword id="2420795" type="PERSON" weightage="60" keywordseo="cryptocurrencies">Cryptocurrencies</keyword> and digital assets constitute one of the fastest growing emerging technology ecosystems," the memo said.</li><li>Joining Shah's team are Mamta Jain and Andrew Moss.</li></ul><keyword id="6374849" type="UNKNOWN" weightage="60" keywordseo="bank-of-america">Bank of America</keyword> is launching a <keyword id="6357017" type="DEFINITION" weightage="60" keywordseo="cryptocurrency">cryptocurrency</keyword> research team as institutional interest in the digital asset space continues to rise.The new operation will be run by Alkesh Shah, who previously led the firm's global technology specialist team, according to a memo obtained by Insider. <a href="https://www.bloomberg.com/news/articles/2021-07-08/bofa-debuts-cryptocurrencies-research-team-led-by-alkesh-shah" target="_blank" rel="noopener">Bloomberg</a> was first to report. Shah will report to Michael Maras, the head of global fixed-income, currency, and commodity research for <keyword id="54304" type="COMPANY" weightage="60" keywordseo="BOFA">BofA</keyword>.The memo, dated July 8, was written by Candace Browning, head of global research, and addressed to Merrill Lynch Wealth Management employees and partners. "Cryptocurrencies and digital assets constitute one of the fastest growing emerging technology ecosystems," Browning said, adding that the sector is currently valued at about $2 trillion.She continued: "We are uniquely positioned to provide thought leadership due to our strong industry research analysis, market-leading global payments platform and our blockchain expertise."Shah, who has 20 years of experience in technology and research, will cover global cryptocurrency, digital assets, and the related ecosystem, Browning said. He joined the bank in 2013 from Morgan Stanley and Lehman Brothers. He holds a BA from Cornell University and an MBA from Columbia Business School. Joining his team are Mamta Jain - who has past experience in mobile and digital strategy for global banking and <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> - and Andrew Moss, a vice president in the BofA's data and innovation group.The latest move by Bank of America comes after <keyword id="6361649" type="UNKNOWN" weightage="60" keywordseo="Goldman-Sachs">Goldman Sachs</keyword> has already offered <a href="https://markets.businessinsider.com/currencies/news/goldman-sachs-restarts-crypto-trading-and-will-begin-trading-bitcoin-futures-report-2021-3">services related to cryptocurrency</a>.Read more: <a href="https://www.businessinsider.com/altcoin-picks-list-crypto-investing-strategy-advice-tokens-ran-neuner-2021-7" target="_blank" rel="noopener">A crypto evangelist shares 5 altcoins that could explode in value, including one with 100-times potential - and breaks down his 3-part strategy for betting on speculative but potentially rewarding tokens</a>

Bank of America is launching a crypto research team as institutional interest in digital assets rises

<keyword id="6391015" type="UNKNOWN" weightage="20" keywordseo="Finance-Minister-Arun-Jaitley">Finance Minister Arun Jaitley</keyword> would be presenting his third budget at a time when the <keyword id="47890" type="ORGANIZATION" weightage="20" keywordseo="global-economy">global economy</keyword> is undergoing severe stress. China has slowed down, the North Korean missile tests and the South China seas dispute has escalated tensions in the Asia Pacific region. 
 
Europe has been hustled from one major identity crisis to another with the refugees adding a new dimension coupled with the credible threat of major terrorist attacks across Europe. 
 
Also, Russia believes that the US and its allies are pushing for a new Cold War. 
 
All these factors have dampened prospects of an early recovery of the global economy. 
 
Many see the stage set for India to finally emerge as the rising star because of its GDP growth rates, a gung-ho PM and signs of relative calm in an otherwise volatile global environment. Despite this, India Inc appears to be viewing the forthcoming budget with restraint, largely because the previous two budgets were disappointing. But more importantly, the prevailing perception that the government is high on promises but falls short of delivery has tempered expectations. 
 
As regards the feel-good factor that the 7.4 per cent GDP growth rates ought to have triggered, certain obvious facts are significantly confronting. 
 
First, no one seems to be feeling the positive effects of growth. The price of everyday food items has sky-rocketed. Second, farmer suicides continue unabated. Depressed rural demand has exacerbated inequalities vis-à-vis urban India. At another level, the previous budget significantly reduced allocations in the social sector, especially education, housing and health, which has had its multiplier effect. And finally, for the past four years, corporate India has shown a net decline in profits. 
 
These have serious foreign policy implications. After all, foreign policy is the creation of a brand. When the Prime Minister surprised domestic and international interlocutors with his special interest in foreign policy, his affable charm won friends and helped establish personal equations. He promised a new and open India. India’s brand value shot up globally. Brands need to be nurtured and nourished. If they are not, they suffer damage. 
 
The Prime Minister announced a series of new programmes, such as, Swachh Bharat, Digital India, Make in India, Smart India, Skilling India, etc. Each of these had a positive resonance in terms of public perception but were not accompanied by a clear road map. 
 
In the case of Make in India, the legal framework continues to remain fuzzy. Consequently, these programmes have failed to excite global investors and are likely to remain elusive unless there is clarity and transparency on tax laws, a clear intellectual property regime, the ease of doing business, a fast-track dispute settlement regime, simplified customs procedures, a strong enforcement system against corruption etc. 
None of these are likely to materialize overnight because they are built on vested interests, many of whom enjoy strong political patronage. This will damage Brand India. 
 
Similarly, the Prime Minister’s commitment to Central Asian Republics, SAARC countries and to Africa, in particular, for developmental assistance was warmly welcomed. How quickly these are translated into action would require substantial financial outlay and a plan for the early implementation of projects. Slippage would discredit the Prime Minister’s assurances and damage Brand India. 
 
Unless the budgetary exercise is rooted in promises made, the third budget would go the way of the earlier two. Unfortunately, this time around, given the Prime Minister’s multiple promises on the foreign policy front, it would also seriously dent India’s credibility. 
 
(The article is authored by Amit Dasgupta. Dasgupta, a former diplomat, heads the Mumbai campus of the SP Jain School of Global Management)

Foreign policy expectations from Budget 2016-17

<ul><li>The new college graduates who landed job offers with ‘above-average salaries’ are now staring at an uncertain future. </li><li>Ride-hailing platform Uber has revoked job offers extended to the management graduates at premier b-schools like Indian Institutes of Management (IIMs), Management Development Institute (MDI) and S. P. Jain Institute of Management and Research (SPJIMR). </li><li>IITs — where students bagged job offers as high as ₹10 million from Uber — have not been notified of any such decision. </li><li>As many as 3,700 Uber employees lost their jobs in wake of the coronavirus pandemic.</li></ul>The COVID-19 crisis has not just impacted the salaried employees but also the new college graduates who landed job offers — who are now staring at an uncertain future. After Gartner, WorkIndia, ride-hailing platform Uber has revoked job offers extended to the management graduates at premier b-schools like Indian Institutes of Management (IIMs), Management Development Institute (MDI) and S. P. Jain Institute of Management and Research (SPJIMR). This comes on the backdrop of global layoffs across the company offices. As many as 3,700 Uber employees lost their jobs in wake of the coronavirus pandemic. On May 13, the company told its employees that “today will be your last working day with Uber,” over a Zoom call, IANS reported. A placement head at a top B-school told ET Uber had informed the institute that offers were being revoked. “Students across <a href="https://m.economictimes.com/topic/IIM">IIM</a> Lucknow, IIM Kozhikode, IIM Calcutta, MDI, SPJIMR have been affected,” ET reported citing the placement head from a top b-school. Several companies have rescinded job offers made to the fresh graduates.That leaves students of premier IIMs and other b-schools that secured thousands of offers, in dire straits. It does not help that most of them bagged ‘above-average salary packages’ this placement season. Most of the recruits were top-notch consulting firms, multinational companies, tech majors and more. Lately, the IIMs have been dealing with last minute withdrawals from these high profile recruiters. IIM Bangalore earlier said that it will now reach out to those recruiters who had shown interest in hiring from the top institute earlier but were not a part of the placement drive — to check if they are still willing to hire candidates. At IIM Calcutta, nearly four companies have revoked the job offers and summer internships so far, affecting over 12 students from the current academic year. On the other hand, IITs — where students bagged job offers as high as ₹10 million from Uber — have not been notified of any such decision. The engineering institutions are now considering hosting another placement drive in July-August as the number of offers being taken back have risen. A US-based consultancy firm recently repealed 11 job offers made to students at IIT Delhi, Madras and Kanpur campuses. The situation, the institutes are now figuring out ways to place the students whose offers have been revoked in other companies. They are even reaching out to their alumni network to place students in the less affected sectors. See also: <a href="https://www.businessinsider.in/business/corporates/news/more-employees-at-capgemini-infosys-and-wipro-are-being-brought-back-to-offices-while-tcs-is-still-in-wait-and-watch-mode/articleshow/75691940.cms">More employees at Capgemini, Infosys, and Wipro are being brought back to offices while TCS is still in wait and watch mode</a> <a href="https://www.businessinsider.in/business/startups/news/zomato-lays-off-13-of-its-workforce-announces-pay-cuts-for-all/articleshow/75756087.cms">Zomato lays off 13% of its workforce, announces pay cuts for all</a>

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