PGDM

Faculty Speak

How IMT Hyderabad adds value to a student and transforms him/her

Prof. (Dr.) Manoj Das

As a business school aspirant students are often flustered with the diverse range of options they have to choose from. However many aspirants keep looking at the placement figures and the number of companies visiting rather than how the institute is capable of transforming them as individuals. MBA unlike any other courses is a very practical course wherein the efforts are in the direction of nurturing the students and polishing their existing skillset for ensuring their future success as managers. Hence it is important to look at the activities being done at the institute as well as the academic rigor.

The first shocker which a student gets after entering the course is trying to make sense of the different subjects. Many engineers start feeling anxious about accounts and students from other streams abhor statistics thinking that they are not good with numbers. At IMT Hyderabad we make a conscious attempt to take our students through a planned introductory module on these courses in the form of management orientation program which tries to bring students from diverse backgrounds on a common platform and make them familiar with the basics of such subjects through a week long program with meticulously planned sessions. At the end of the program the students are taken for an outbound activity wherein they have a series of fun- filled activities to boost team work and collegiality.

After that within each course there are planned practitioner sessions (minimum 2 in a 20 session course) wherein the students get to interact with a corporate professional and become aware of the most recent trends in that particular area. There also case studies from Harvard /Ivey etc. which are a part of each course. These cases stimulate problem solving; analytical skills etc. so that students can become problem solvers and contribute to their organization from day one of joining. There are also special sessions on a different themes organized under leadership series wherein senior executives from various sectors appraise the students about the topic and how it is gaining prominence in corporate.

The internship program of IMT Hyderabad differs from other business schools in the sense that it is of 12-14 weeks instead of 8 weeks as compared to other business schools. It has been appreciated time and again by many recruiters that a longer duration actually enables students to spend sufficient time on their projects and add value to the organisation.

Apart from academic there are many different clubs like Mercatus mantra, Finacea, Synergy etc which are domain specific and Antaragna, Tassavoor etc to name a few for the students to get in touch with the artist in them. All the club activities are done under the mentorship of a faculty but they are fully planned and executed by the students giving them an experience of managing events on a large scale.

All these magical experiences are encapsulated in a time frame of 2 years which go away in a jiffy. In summary, IMT Hyderabad seeks to ensure grooming its students overall as an individual and making your MBA a truly transformative experience.

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How IMT Hyderabad Can Help Student Build A Career In Marketing And Sales Domain?

Prof. (Dr.) Nitin Gupta

Students generally consider careers in the field of marketing and sales to be dynamic, challenging and exciting. Besides the required knowledge and skill sets, marketing students are expected to possess the right attitude, which would enable to them to handle the most demanding situations.

A positive predisposition along with the ability to put in intense hardwork goes a long way in making a successful marketer. These are the major characteristics which the organizations are looking for in a marketing professional. Firms expect their sales and marketing professionals to be the face of the organization in front of its clientele and build its brand image in the minds of the customers. Career in marketing and sales has become one of the most sought-after for the management students as it opens the doors for a vibrant and stimulating career-path for them.

At IMT-H, the PGDM programs with marketing specialization have been designed to impart the requisite skill sets and domain knowledge to the students who are interested in building their career in the domain of marketing and sales. From the core courses in the area of marketing to the bouquet of marketing electives, students are offered an array of perspectives and domain knowledge application insights which enable them to address the contemporary issues in marketing situations effectively. The competitive and peer-learning oriented environment prevalent at IMT-H makes the students to develop the right attitude which is widely appreciated by the recruiters.

Case-oriented learning pedagogy and application oriented projects make the students understand the nuances of marketing problems and enable them to develop analytical approaches to solve these problems. Internship opportunities provided to the students help them in applying the conceptual knowledge to the real-world corporate environment and make themselves abreast with the latest technical tools being used in the corporate world.

IMT-H provides the requisite environment for the overall personality development of the students. They not only learn to excel in their academic endeavours, but also polish their extra-curricular skill sets. By taking the ownership of functioning of various student clubs, the students enhance their managerial and decision-making skills. The faculties at IMT-H have an ideal mix of academic and corporate experience which enables them to make the students to not only grasp the complexities of the concepts, but also make them understand their relevant applications. Continuous positive feedback from the recruiters and alumni makes IMT-H believe that it is moving in the right direction in building the careers of its students.

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Busting three commonly held myths about Operations Management @ IMT Hyderabad!

Prof. (Dr.) Vinay Kumar Kalakbandi

Operations Management is the art and science of effectively and efficiently transforming inputs like materials, labor & capital into outputs which could be goods and/or services that add value to the customer. Believe it or not, you are able to live your life the way you are only and only because you are surrounded by plethora of entities (businesses, government bodies, etc.) carrying out their "Operations."

Consider the device you are reading this article on (most likely a mobile phone). Think about where it came from? Amazon? Flipkart? Local mobile store? Well, yes, but where did these places get it from? Most likely from a distributor of the mobile brand who got it from a facility where the device is assembled. But where did the facility get the components from? Most likely from an array of local and global suppliers who themselves might be receiving raw material from mines and chemical plants from across the world. Well, you get the drift!

In short, a whole lot of Operations Management on the part of a variety of entities went into getting this device to your hands right now adding value to your life!

So, Operations Management is a fascinating field of Business Management which often gets a cold shoulder from B-school aspirants due to some pre-conceived notions. These myths prevent students from even considering OM as their major stream or even as their minor stream and sometimes even as a breadth elective. Most students end up realizing the importance of OM concepts and insights only after they gain 2-3 years of managerial work experience and are promoted to a managerial level. In the interest of preventing such a situation, here are some commonly held myths about the field of OM that B-school aspirants should be aware of. For every myth, I have also included how IMTH helps you overcome these challenges.

Myth # 1: OM is math-heavy and is only for engineers!

The Operations Management field definitely has its roots in Operations Research or Management Science which are deeply mathematical in nature. Operations Management, however, is much more than simple mathematical treatment of industrial problems. Operations Management does use mathematical tools but as you go deeper into OM courses, you will find that there are several softer and interdisciplinary issues that make the subject interesting.

For instance, at IMT Hyderabad, the operations electives do not just deal with quantitative content but also qualitative and theoretical content within all the operations management electives. We follow a case-based pedagogy. For this pedagogical style to be successful, student profile diversity is essential. So, whether you are an engineer or an arts or commerce graduate, you will fit right into the OM electives. Your innate skillsets will more than compensate for potential weaknesses (imagined or otherwise) in mathematics.

Myth #2: OM is for those interested to work in the manufacturing sector

Many students tend to feel that majoring in OM would mean a job in the manufacturing sector alone. This is far from factual since OM concepts are diverse and apply in a wide range of businesses. Every business on the service product continuum, beginning with a pin manufacturing company and the high-end consulting company in the service sector grapples with operational problems that could be solved using ideas within the OM courses.

The bouquet of operations management electives at IMTH caters to a wide variety of career goals. Whether you wish to see yourself in the IT/BPO industry or manufacturing or e- commerce or banking, you will find a combination of electives within our offerings that would help deal with the specific managerial challenges of these respective sectors. We insist that our students align their elective choices with their career goals and aspirations apart from their strengths and weaknesses.

For instance, the most common profile of students we admit has prior work experience IT sector and wish to go back to the same sector at a managerial level. We advise such students to subscribe to electives like Project Management, Lean Six Sigma, Service Operations, and Business Process Management. Somebody interested to work in the Supply Chain and Logistics sector would be advised to take electives like Supply Chain and Logistics Management, Retail Supply Chain Management, International Logistics and Supply Chain Management and Supplier Relationship Management.

Myth #3: OM deals with day to day activities and has no strategic importance

This is a very widely held myth, sometimes disappointingly within the business fraternity as well. However, history has shown that operational excellence does create a sustainable competitive advantage. It is not just about creating a successful operations model for a company but to dynamically adapt to the increasingly volatile marketplace. Breakthrough innovations in operations can shatter shake up industries.

At IMTH, the operations electives like Technology and Operations Strategy, New Product Development and Supply Chain Analytics will equip you to catapult yourself from mere operational roles to strategic roles in the future.

Finally, at IMTH, we endeavor to make our students socially responsible business leaders and therefore all our electives have a module that deals with Ethics and Responsibility. We hope that this article has helped you gain a crucial perspective on the field of Operations Management and would aid in charting your bright future.

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How IMT-Hyderabad can help in building Career in Finance?

Prof. (Dr.) Nikhil Rastogi

Finance to most people seems to be about money and markets, but it is also about people (Principles of Corporate Finance by Brealy & Myers). Misalignment of incentives was one of the major reasons for the Great financial Crisis of 2008. History is replete with many such examples where the financial innovation part was over-emphasized much to the exclusion of people thereby leading to market crisis. At IMT-Hyderabad, we strive to provide a well-rounded view of the discipline of finance thus enabling the student to appreciate the role of different stakeholders of the company.

With a good dose of basic finance domain courses in the first year like Financial Accounting, Corporate Finance and Management Accounting we ensure sound understanding of the fundamentals of finance. This coupled with rich coverage of courses in the area of Marketing, Operations, Human resources, Analytics and General management helps the student to appreciate the cross-functional linkages and thus provide a broader understanding of the business. A student becomes adept at understanding economic cycles, industries and their business models. Pedagogy adopted includes a mix of lectures, case discussions, in class assignments, games, group projects, presentation and viva, among others to make sure that the student appreciates the theory as well as the practice. In addition to the above, functional experts deliver few sessions in the courses from the Industry (termed as practitioner sessions) that help to keep the content practice oriented as well as contemporary. An extended internship period of 14-weeks at the end of first year of course work allows the student to apply the concepts so learned in the classroom to the real life setting and thus enhance the understanding of the subject.

In the second year of the program, the Institute follows an approach of career-based electives that help students to make a portfolio of courses based on their career choice. The career choices in the area of Finance can be categorized mainly into the field of Investment Banking, Corporate Banking, Credit Underwriting, Financial Planning & Analysis, Financial Analytics, Wealth management, etc. Based on the student temperament as well as the interest, faculty guide the students into making the subject choice. The students are also exposed to corporate databases such as CMIE (Prowess), Capitaline, etc and research databases such as EBSCO, Proquest among others that help them to work on real company data and undertake various projects in their two years at the Institute. “FINACEA” the finance club at IMT-Hyderabad organizes many domain based competitions and also comes out with a newsletter with articles contributed by students. The students are encouraged to participate in competitions organized by other B-Schools as well as professional bodies with active faculty mentoring. This year the team from IMT-Hyderabad reached the Zonal finals of Chartered Financial Analyst (CFA) Research Challenge program, organized by the CFA body.

Thus IMT-Hyderabad helping in molding, building and thereby set the stage for flourishing career for the student in the area of Finance.

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IMT Hyderabad – Nurturing Analytics Talent since 2011

Prof. (Dr.) Surajit Ghosh Dastidar

Most companies are looking at real-time analytics and real-time decision-making. Machine Learning and Artificial Intelligence are the key innovative areas in this space today. Earlier, few companies were using ML and Data Science, but now with the availability of cheap computing power it has become mainstream.”

ARUN SINGHAL, PRODUCT MANAGER, INTUIT’S DATA & ANALYTICS DIVISION

Analytics in simple words is the science of understanding meaningful patterns from data which helps in taking informed decisions. These days, analytics has become a hygiene factor in every organization. Now, we are witnessing more and more innovative and sophisticated applications of analytics in health care, banking and financial services, marketing, operations, manufacturing, human resource and even in the social sector. This has resulted in varied career prospects for the students who are going to join the workforce. In my experience, I have observed that there are two categories of students who would like to take Analytics subjects as Electives in their MBA program. The first category of students is the ones who are hardcore quants, generally having an Engineering background and would like to make a career in Analytics. These students aspire to be Data Scientist, Data Analysts, Data Engineers and Business Analysts. The second category of students is the one who would be majoring in Marketing, Finance, Operations or HR. But they would like to take analytics electives as supplementary subjects that may help their career prospects. IMT Hyderabad has been offering a wide array of electives in analytics since 2011. There are basic foundation level electives like Machine Learning, Data Visualisation and Forecasting Analytics that is offered in the first term of Second Year. These courses are designed to build the foundation for any students who might be interested in Analytics. These courses are not too complex and are easily comprehensible. For those of you, who might be interested in advanced level courses electives like Decision Analytics, Analytics Using SAS, AI & Deep Learning and Big Data are offered in subsequent terms. In addition, functional analytics like Marketing Analytics, Risk Analytics, HR Analytics and Supply Chain Analytics is also being offered for students. The students are also exposed to a wide variety of software tools like SAS, R, Python, Analytic Solver, XLMiner, Tableau. Industry practitioners from companies like IBM, American Express, Franklin Templeton, Salesforce, Dr. Reddy’s frequently visit our campus to deliver guest lectures. Our students have been successfully placed in companies like IBM, Delloitte, Hexaware Technologies, Wipro, TCS, EClerx, BNY Mellon, Bridgei2i Analytics, InRhythm Analytics, Mordor Intelligence, Spotflock among others.

Industry analysts estimate that India is expected to see 1.5 lakh new job openings in data science this year, which is an increase of about 62% from last year. A majority of these jobs would be for professionals with less than 5 years of experience. . It is also predicted that 40 zetabytes of data will be in existence by 2020, careers hinging on analytics will only shoot through the roof. Shortage of skilled professionals in a world which is increasingly turning to data for decision making has also led to the huge demand for Business Analysts and Data Scientists in start-ups as well as well-established companies.

Analytics is not the future but the reality now. Those who acknowledge this fact and embrace it will be the leaders of tomorrow.

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Why HR could be the right career path for you

Prof. (Dr.) Tumpa Dey

When deciding your perfect career path, it can be just as important to know what you don’t want to do as it is to know what you want to do. What comes to your mind when you think about what you want from your career?

Perhaps you already know what you don’t want: high-pressure environment, tight deadlines, and 90% travel time, for example. Would you like to be at your desk most of the day or do you want a job that allows you to get away from your desk to interact with other professionals?

Since you already know what you don’t want to do, what about your “want” list? You might want a profession that offers a chance to help people, train, modify the companies’ policies, provide a strong opportunity for growth, deal with compensation of people, deal with a variety of tasks, understand the job market, want leadership roles and might even want flexible hours. If any of these things are on your “want” list, considering a career in human resources may be right for you.

We at IMT, Hyderabad provide you with opportunities to build your career with regard to all of the above. If you choose to major in HR, subjects like Human Resource Management, Organization Change and Development, Competency Mapping, Industrial Relations, Labor Laws, HR Analytics, Training & Development, Leadership, and Organizational Behavior that provide ultimate focus on HRM are taught through a span of two years. Through these specific courses you could choose to become either an HR Specialist or an HR Generalist.

Demystifying HR

First, Students often ask that with AI being used in a big way, the days of HR are numbered. Right? Wrong. AI excels at tasks that rely on data processing and pattern recognition, completing many functions faster and more efficiently than human beings can, making it a valuable tool for automating many aspects of HR such as onboarding, time off management, etc. Organizations cannot ignore the “human” aspect of Human Resources Management. The role of HR goes far beyond these automated tasks--at its core, it’s ultimately about bringing the best out of people and helping them reach their full potential. HR’s role is to help their company’s people be the best that they can be and to give their people what they need to get there. That’s why HR is such a crucial (and ever-evolving) profession. Believe it or not, with worker shortages in a number of fields, human resources will become even more important, says Randstad, a recruitment company with a global footprint. In US alone HR-related jobs will rise nearly 10% in the next few years.

Secondly, Students also feel that Math has no place in HR. Right? Wrong again. You do require Math especially in courses like Employee Compensation & Benefits, Labor Laws or even in HR Analytics. For example, calculating long term impact of specific pay practice changes, calculating the before and after impact of downsizing, calculating and coming up with a plan to improve labor productivity. What will be the productivity and the cost benefit if the organization decides to lay off a certain workforce, how would you make indemnity calculations were you to become a Labor Law expert? Sometimes you would also be required to understand and critically explain pre-defined data. So here understanding MATH can be defined as the activity of knowing the data, and also the ability to describe the data critically. Therefore, knowing basic Math definitely gives you an edge. It also decreases dependency.

Thirdly, an HR professional cannot become a CEO. True? False. Many CEOs have past experiences as CHROs. For instance, Lisa M. Weber, MetLife; Mary Barra, General Motors, Nigel Travis, CEO of Dunkin Brands Group; Anne Mulcahy, CEO of Xerox; Bernard Fontana CEO of Areva, to name a few, all were HR Pros. Research shows not only CEOs but “CHROs are also very highly paid” because “they are hard to find”.

According to Randstad US, HR Manager is one of the most in-demand jobs. Next decade and a half is a good time to be in HR. Also remember, HR, is a profession that consistently ranks high on lists of best careers, based on job growth, earnings potential, creativity, flexibility, and other factors. HR therefore is the place to be.

Finally, the courses Labour Laws and Industrial Relations, Performance Management, along with Strategic HR, International HR, and Cross Cultural Management will keep you both rooted to your origin and also give you wings. We hope that this article helps you gain a critical perspective on the field of Human Resource Management and also determine an ideal career path.

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