S.Korean Prez visit Europe next week

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Seoul, Oct 22 | South Korean President Moon Jae-in will make a three-nation European trip next week for a G20 summit in Italy, the COP26 climate summit in the UK, as well as a state visit to Hungary, his office said on Friday.

On the first leg of the trip, Moon will meet with Pope Francis at the Vatican on October 29 to discuss peace on the Korean Peninsula and efforts to end the pandemic, presidential spokesperson Park Kyung-mee said.

Moon and Pope Francis are expected to exchange their wisdom to promote peace on the Korean Peninsula and resolve pending global issues, such as pandemic, poverty and climate change, Yonhap News Agency quoted Park as saying.

Moon plans to discuss with other world leaders tackling the climate crisis, the Covid-19 pandemic and how to foster global economic recovery during the G20 summit set for October 30 and 31.

After Italy, Moon will visit Glasgow, Scotland to attend the COP26 on November 1 and 2.

Reducing greenhouse gas emissions will be high on the agenda at the UN climate talks, where Moon will deliver a keynote speech.

South Korea’s decision to reduce emissions will be reported to the COP26 talks, officials said.

On the last leg of the trip, Moon will make a state visit to Hungary on November 2.

Hungary erected a monument in memory of the 25 South Koreans killed in the 2019 deadly boat sinking in Budapest.

The memorial stone was set up near the accident site in the Danube River, where the Korean tourists aboard a sightseeing boat went missing after the vessel collided with a bigger cruise line.

On November 2, Moon will visit the site and pay tribute to the victims, the presidential office said.

Moon will hold bilateral meetings with Hungarian President Janos Ader and Prime Minister Viktor Orban on November 3.

In Budapest on November 4, Moon will hold a summit with the prime ministers of the Czech Republic, Hungary, Poland and Slovakia in the second summit between South Korea and the so-called Visegrad Group.

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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