US envoy on N.Korea to visit Seoul to discuss ways to resume dialogue


Seoul, Oct 22 | The top US envoy for North Korea will visit Seoul this weekend, with his arrival delayed a day for an unspecified reason, an informed source said Friday.

Sung Kim, special representative for North Korea, was initially scheduled to begin a three-day trip here on Friday for consultations with his South Korean counterpart, Noh Kyu-duk, Yonhap news agency reported.

However his itinerary has changed, and he plans to fly to Seoul on Saturday, according to the source, who requested anonymity and did not elaborate on the reason.

Kim and Noh are widely expected to meet again Sunday and continue discussions on pending issues related to the Korean Peninsula, including South Korean President Moon Jae-in’s proposal to declare a formal end to the 1950-53 Korean War, as Seoul and Washington step up diplomacy to revive long-stalled talks with the reclusive regime.

Seoul hopes to use the declaration as a stepping stone to improve cross-border relations and achieve lasting peace on the peninsula.

“The end-of-war declaration is one of several options to restart the peace process,” Foreign Minister Chung Eui-yong told lawmakers during a parliamentary audit Wednesday. “It is the first gateway for the peace process on the Korean Peninsula and an essential step.”

Pyongyang has sent mixed signals regarding a possible return to dialogue, firing a submarine-launched ballistic missile Tuesday — its eighth known major missile test this year.

The North, however, backed off from further ratcheting up tensions as its foreign ministry spokesperson said the launch was not aimed at the United States.

Kim and Noh met in Washington on Monday for consultations on North Korea. They were joined by their Japanese counterpart, Takehiro Funakoshi, the following day for trilateral discussions where the three agreed to work closely together to restart the peace process on the peninsula at an early date.

Denuclearisation talks between Washington and Pyongyang remain stalled since the no-deal Hanoi summit in 2019, although the Joe Biden administration has maintained that it is willing to meet with the North “without preconditions.”

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  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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