Mumbai airport shut for 11 hrs, 7 flights diverted (2nd Ld)

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Mumbai, May 17 | Faced with threats from the raging Cyclone Tauktae, the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai shut all its operations for 11 hours — from 11 a.m. to 10 p.m. — on Monday.

This resulted in the diversion of at least seven in-bound flights to less turbulent locations, including an IndiGo flight returning to Lucknow, a SpiceJet service diverted to Surat, while another IndiGo service was diverted to Hyderabad.

Besides, the CSMIA registered cancellations of 34 arrivals and 22 departures in view of the bad weather conditions prevailing through the day, and all passengers were advised to check with their respective airlines before making their travel plans.

An official spokesperson said that the CSMIA closure move was necessitated in view of the alerts over Cyclone Tauktae, which passed by Mumbai on Monday evening with windspeeds of upt o 110 kmph, as it cascaded to south Gujarat.

Cyclone Tauktae hit Mumbai with full fury after the midnight of Sunday, bringing with it heavy rains, thunder, lightning and powerful gales, killing six persons and wreaking havoc on normal life in the entire coastal region and the country’s commercial capital.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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