Romania’s PM-designate announces completion of cabinet lineup

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Bucharest, Oct 19 | Romania’s Prime Minister-designate Dacian Ciolos announced that he has presented to Parliament his government’s program along with the list of his minority cabinet.

Ciolos, 52, who was appointed by President Klaus Iohannis last week, said at a press conference here that his government “will focus on the obvious current priorities. We need solutions and immediate measures for the health crisis … and at the same time to prepare for the energy crisis, which could strongly hurt people this winter”, reports Xinhua news agency.

Ciolos, who leads the centre-right Save Romania Union (USR), stressed that “we are prepared to take responsibility for those difficult measures”.

“I hope the hearings and the vote (in Parliament) can be organised as soon as possible, right this week… We are ready to take the plunge, to get to work as soon as possible, if this government gets Parliament’s go-ahead.”

Parliament will give a vote of confidence to the new government in a few days.

The proposed new cabinet would be made up entirely of members of the USR, which has just 80 seats in the 465-member Parliament.

Ciolos lacks the support of the two other major parties (the National Liberal Party, PNL, and the Social Democratic Party, PSD) and the other smaller opposition groups there.

Local analysts believe that the likelihood of Ciolos receiving the support of the required more than 50 per cent of the vote in Parliament is very low.

Marcel Ciolacu, leader of the PSD, the largest party in Parliament, called the program proposed by Ciolos a draft with “zero chances”.

Romania’s coalition government led by PNL President Florin Citu collapsed on October 5 in a censure motion initiated by the PSD one month after the USR announced its withdrawal from the cabinet.

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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