Organisers confirm Dutch Grand Prix to go ahead as planned

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Zandvoort (Netherlands), Aug 14 | The organisers of the Dutch Grand Prix confirmed on Friday that the race will go ahead as planned at the refurbished Zandvoort track between September 3 to 5. The organisers got a green signal from Prime Minister Mark Rutte and Health Minister Hugo de Jonge.

After the COVID-19 pandemic caused a year’s delay to the race, 2021 will see a Formula one race in the Netherlands for the first time since 1985. The news will give joy to the fans of local boy Max Verstappen.

“For me the glass is two thirds full. We’re just going to do it. The three companies behind the Dutch Grand Prix, Circuit Zandvoort, SportVibes and TIG Sports, have decided to invest in the future of F1 in the Netherlands,” said former F1 driver, Jan Lammers, was quoted as saying by F1 official website.

Lammers, serving as the Sporting Director of the event, added, “The belief in the ambition to organise the biggest Ultimate Race Festival in the world remains the primary goal for the coming years. This year, admittedly in a smaller form, the battle for the World Championship will be fought in a beautiful orange ambiance in the stands.”

Currently, Verstappen is in second place in the 2021 Driver Standings, eight points behind table-topper Lewis Hamilton. Hamilton’s Mercedes team is at the first place with 303 points on the Constructor Standings table, ahead of Verstappen’s Red Bull Honda team at 291 points.

The capacity for the race is expected to be kept at two-thirds. Current ticket holders of the race will be sent mails by August 18. For the fans who will be unable to attend the race, there is a possibility to use their tickets for the race in 2022 or ask for a refund.

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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