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Understanding The Need For Diversity Of Faculty In Business Schools

The need for diversity has become increasingly important in every aspect of human life, especially in the education sector. It is perhaps the awareness of this fact that is motivating leading business schools to ensure greater diversity among their faculty members. A diverse faculty ensures that the business schools are able to ensure a more diverse population of students opting to enroll for PG diploma courses. This, in turn, proves beneficial for their future careers as being taught by teachers from diverse backgrounds helps them to develop a truly global outlook. Some key benefits that business schools can provide to their students with diverse faculty members are discussed as follows.

It Helps In Increasing The Diversity Of Aspiring Students

Business schools having a diverse set of faculty have better chances of inviting applications from an equally diverse range of students. This is essential for creating a great learning environment, where the students learn not only form their teachers but also from their peers. In addition, it also helps in enhancing the popularity and goodwill of the business schools amongst prospective employers and industry experts.

It Provides A True Reflection Of The Real World

A diverse faculty provides a true reflection of the real world for the students on the campus itself. This makes it easier for them to develop the habit of working with people from different backgrounds and having diverse perspectives, especially when they are placed in a position of authority. The students pursuing a PG Diploma in Business Management are thus better prepared to handle the challenge of diversity that is likely to be an integral part of their future workplace.

It Makes Easier For The Students To Develop A Diverse Outlook

One of the key benefits of being taught by a diverse faculty is that the management aspirants learn to consider a problem from different perspectives. The unique outlook of every faculty member influences their teaching methodology besides impacting the overall learning experience of the students. The students also gain a better perspective of issues such as bias, sensitivity, and tolerance in real-world situations besides making them aware of the pitfalls and benefits of working with people who differ from them in various ways.

It Helps The Students To Become Better Team Players

The primary objective of business schools is to train the students for managerial positions, making it essential for them to imbibe the qualities of a team player in the students. This objective can be achieved somewhat effortlessly with the help of a diverse faculty. This is because the students learn to work and interact with people from different backgrounds through the entire duration of their training. They are thus better equipped with the right skills to work with different teams in a highly efficient manner.

It Proves To Be Extremely Appealing For Recruiters

Recruiters are increasingly seeking professionals having the competence and capability to work in a diverse environment. In this context, business schools offering a Post Graduate Diploma in Business Management rendered by a diverse faculty are extremely appealing for such recruiters. They believe that the graduates from such institutes possess the right knowledge and the skills desired for a job post.

Three Key Benefits Of Pursuing A Post Graduate Diploma In Management

It is a well established fact that a post graduate degree in management can open up countless avenues for lucrative career options. This is what makes post graduate management programs so popular amongst individuals aspiring to work at various management positions. In this context, the number of management aspirants opting for a Post Graduate Diploma in Management as compared to other specializations, is increasing by a significant margin. This is because these courses expose the aspiring students to a wide gamut of core management concepts and perspectives, which can help them to evolve into successful business leaders in different niches. Discussed are the three key benefits that students can be assured of gaining by opting to pursue a PG Diploma in Management from a renowned institute.

Development Of Essential Life Skills

Even though the primary objective of PGDM courses is to train the students about the different aspects of efficient management, they go much beyond this. The students enrolling for these courses are provided a basic training in several essential life skills, which can prove helpful for them not only for successful completion of the course but in their professional life as well. Developing skills like time management, excellent and effective communication, analytical thinking and even leadership qualities form an integral part of a good PGDM program. The students are provided with several opportunities to not only explore their competence in these skills but also to enhance them through proper guidance and exposure to appropriate situations. The persistent manner in which these skills are imbibed into the students makes them a part of their personality and provides them lifelong benefits.

Practical Based Teaching For Better Learning

Most PGDM courses are rendered in a manner that focuses more on the practical aspects of learning than theoretical ones. This makes it easier for the students to understand and retain even the most difficult and complicated concepts. In addition, this method of teaching ensures an interesting and fun filled learning environment, where the students feel naturally motivated and willing hence show a greater willingness to learn. However, the biggest advantage offered by the practical based teaching methodology is that it makes the students market ready. This essentially means that the PGDM graduates are often ready to take up management roles if a more confident and efficient manner, without needing too much time for familiarization with the work culture and business challenges within their respective organizations.

Opens A Whole New World Of Career Options

As mentioned before, pursuing Post Graduate Diploma courses in Management helps the students to gain knowledge about a wide range of concepts applicable in the field. This helps in increasing their competence to take up a variety of roles based on the interests, career objectives and other inherent skills. In fact it is not uncommon for business organizations to give preference to such candidates over the ones with specific specializations. This is because these management professionals are more capable of solving a wide gamut of management issues across different divisions and thus eliminating the need for organizations to hire individual specialists for each division. The courses prove especially beneficial for students aspiring to start their own ventures.

Uncovering The Truth About The Most Common Myths About GATE Exams

Having a higher education certification in management can go a long way in advancing the career prospects of aspiring candidates in the modern times. One of the key requirements of enrolling for an MBA or even PG diploma courses is to pass one of the several qualifying examinations. The most common and perhaps even the most misunderstood of these exams is GATE. In fact, most students intending to appear for the GATE exam are known to face serious mental and even psychological issues in the months preceding the exam itself. This is mainly due to the various myths that come to be associated with this qualifying examination over the years. The most common of these myths and the truth behind them are discussed below.

GATE Is An Extremely Tough National Level Exam

Most candidates preparing for GATE exams are made to believe that it is extremely difficult to succeed in the same. However, the perpetuators of such ideas fail to understand that the exam is highly conceptual. This means that the exam aims to test the thoroughness of understanding of the various concepts within each subject. This makes the exam quite similar to any other qualifying exams that the candidates might have appeared for in the course of their academic career. Hence, if the candidates have gained a proper understanding of the concepts, they will not face any difficulty in passing the exam.

Solving All The Papers Of Previous Years Is Necessary For Assured Success

Most aspiring candidates tend to spend a considerable amount of time trying to solve as many previous years’ papers as they can. While solving previous papers can prove helpful, focusing solely on this method is highly unadvisable. Rather the candidates should divide their time equally for memorizing formulas, basic concepts and theories as well as practising with previous years’ papers. The candidates should especially pay attention towards learning concepts that might not have been covered in the exams for past many years.

 

It Requires Constant And Break Free Study For Months

It is not uncommon for the students preparing for their GATE examination to spend endless hours in studying and stop taking part in any other social and fun activities. However, this approach can prove detrimental in the long run as it can cause the brain of the candidates to become overloaded and also make them feel exhausted and stressed. In fact, most professional coaches for GATE advice their students to take regular breaks from study and spend some tome enjoying with family and friends. This helps in refreshing their brain and re-energizing them to resume their studying with full vigour and motivation.

 

Attempting Maximum Questions Is The Best Way To Gain Good Score

This myth is generated by the fact that having a good GATE score is necessary for gaining admission in the best institutions offering Post Graduate Diploma in Management. However, most students fail to consider the fact that GATE score is only one of the various criteria considered by the institutes for offering admission to the aspiring management candidates. Moreover, the candidates also need to pay attention to answering maximum questions, they should focus on getting maximum questions right. This will minimize diminish the impact of negative marking followed in the exam.

 

It Is Important To Thoroughly Study All The UG Subjects

The candidates registering for the GATE exam are provided with a detailed syllabus covering the various topics and concepts that the students will be tested on. This renders the aforementioned myth completely baseless as the candidates need to focus only on a couple of subjects from their UG courses. At the same time the students might need to work towards strengthening their analytical and reasoning skills as they form an integral part of GATE examination.

Behaviour Tips For New Management Students To Make Their Life Easier At College

Starting management education often proves to be an overwhelming experience for some students. Despite their prior exposure to campus life, they may find it difficult to adjust to the rigorous schedule of the higher education programs. This is more frequent in the students, who are resuming their studies after a gap. Discussed below are some key behaviour tips that can help the management aspirants make their PG Diploma courses easier and memorable.

 

·         Do Notpretend To Be Someone Else

The most important behavioural tip for new management aspirants is to be themselves. They should not try to adapt a pseudo personality simply to impress their peer and seniors. Adapting such an approach will lead to great mental and emotional stress besides making them less trustworthy. The fresher’s need to remember that they can win good friends with an honest and right approach rather than being desperate to become the hottest new student of the institute.

 

·         Volunteer In Various College Activities

Taking part in activities at campus is the easiest ways to socialize and make new friends. Showing an interest in such activities makes it easier for the fresher’s to meet new people and learn new skills as well. It also reflects the willingness of the students to contribute positively towards to the institute. New students can seek information about the different student bodies operational at the institute to learn more about voluntary participation in activities of their interest.

 

·         Attend Classes Regularly

In order to successfully complete the Post Graduate Diploma in Management certification, the students need to be extremely serious about their studies from day one. That is why they should make it a point to attend classes regularly. Every lecture and lesson is important and skipping even one lecture can make it difficult for the management aspirants to catch up with the concept being taught in the next class. Choosing to bunk classes can prove detrimental to the overall learning process of the students and can result in a significant downfall in their grades in the first semester itself.

 

·         Keep An Eye On The Budget

Most new management students dream of partying and shopping with fellow students. However, it is important for every student to keep an eye on their budget so that they do not end up losing all their money long before the month is over. Since management courses are quite expensive in terms of fees and accommodation, which leaves most students with limited funds for personal expenses. Even students belonging to affluent families should exercise caution before spending the money without proper planning.

 

·         Seek Help And Guidance From Teachers When In Need

It is common for students to come across challenges and issues on both personal and academic fronts during their orientation at college. In such cases, it is advisable to seek the help and guidance of teachers. This can help the students from making grave errors that can would complicate their situation. Teachers are well aware of the pressures faced by the new management aspirants and are eager to offer whatever help and support they can provide.

Career Options To Choose From After Completion Of A PG Diploma In Finance

Give that accounting and finance form the backbone of every industry, a large number of students are opting to pursue a higher education program in this field. One such education option is a Diploma in Financial Management offered at the post graduate level by various renowned institutes. Like most other post graduate diplomas, opting for this particular educational program can pave the way for a successful career for interested candidates. In this context having a better understanding of the various prospective career options available to them after course completion can prove quite beneficial for the candidates. Discussed below are the common career options that the candidates can choose from after successful completion of the course.

 

Opt For Higher Education

Even though completing a diploma in finance perfectly culminates the educational career of candidates, some individuals may opt to pursue a still higher education program. For such candidates, having a diploma proves to be distinctly advantageous while applying for a Masters level course in the most renowned universities and institutes across India and the globe. In fact, some universities might even offer a direct admission into the second year of a Masters program being offered by them, to such candidates. May candidates opt for a post graduate diploma in finance  only to improve their chances of getting selected for a Masters program by the university of their choice.

 

Take Up Internships

Candidates, who are not too interested in pursuing higher studies, can opt to take up internships with various organizations for a short or long term. Most leading financial institutions are constantly seeking candidates willing to work as interns in various divisions within the organization. In addition, the candidates can also choose to take up internships with other organizations, in the areas of human resources, marketing, operations and even finance. Irrespective of the area they choose to work in, the practical expose that the candidates can gain during their internship makes them more confident and competent for fulfilling their long term career objectives.

 

Seek Full Time Jobs

The most common career path chosen by candidates after completing their Post Graduate Diploma Courses in India, in various fields, including Financial Management is that of seeking a full time job. With the rapid growth of the financial services industry in India, there has been a significant rise in the demand for skilled and proficient candidates capable of handling various roles. This presents a generally wide choice of options for the candidates to start their career in a highly satisfactory manner. In addition to offering them countless opportunities for growth, opting for a full time job helps the candidates to fine tune their analytical and inter-personal skills in accordance with their career goals. This is irrespective of whether they intend to reach the top management level positions within the next few years or star their own financial service.

Analytical And Reasoning Skills For Candidates Aspiring For Post Graduate Courses

Analytical and reasoning skills form an important part of the competitive examinations for various post graduate courses in India. However, most candidates intending to appear for such exams are generally unaware about the best ways to prepare for these aspects of the competitive exams. Although there are several books available in the market that enable the aspiring candidates to practice their analytical and reasoning skills. However, in most cases such books might not take into consideration the changing trends in types of questions that are likely to come up in the competitive exams.  This challenge can be overcome by following the below given tips to succeed in these two areas and gain admission in their preferred post graduate course.

·         The first thing that aspiring candidates need to understand is that possessing good analytical skills in English and General Knowledge is extremely essential. This is because their level of competence in these skills often decides the ease with which they can crack the reasoning section and ensure their success in the exam. As such they should devote enough time towards honing their skills in these two specific subjects, especially when it comes to analytical and reasoning practice.

·         The candidates should also make themselves aware of the different types of analytical questions that might come up in their exam. In most cases the candidates are provided the basic information about the type of question they would be expected to answer as a part of the exam syllabus itself. However, it is still advisable for the candidates to practice other more common types of analytical and reasoning questions, even if these are not mentioned in their exam syllabus. Given the constantly changing nature of these questions, such practice might prove extremely beneficial in solving questions that are somewhat different than the routine.

·         The candidates should also make sure that they opt for the subscription of books, magazines and journals that provide enough practice material. In addition to helping in enhancing the essential skills of the candidates, these books, magazines and journals offer enough variation of question to prevent them from becoming bored and losing their interest. This type of study material can prove extremely beneficial during the initial phases of preparation for the competitive exams as during this time the risk of distraction amongst the candidates is quite high.

·         Another advisable option for candidates seeking admission in PG Diploma in Business Management or any other post graduate program is to enrol for special classes offering training in analytical and reasoning skills. These classes are designed to help the candidates in developing an aptitude for thinking with proper reasoning and analytics. These classes are generally of a short duration and hence can be easily adjusted in the study schedule of the candidates, while also helping them to strengthen their reasoning and analytical skills.

Essential For Candidates To Consider Before Opting For A PG Diploma Course

Pursuing a post graduate course can prove beneficial for the aspiring candidates in more than one ways. However, many times the candidates are not actually sure about why they want to pursue the course. Such candidates are either pressurized by their parents and acquaintances to undertake such courses or want to follow their friends into a common study program. Unfortunately, enrolling for PG Diploma courses due to any of the aforementioned reasons is definitely not a good decision. Rather the candidates should seriously consider the following important things before enrolling for such courses to gain the maximum benefit after completing the same.

Their Seriousness About Pursuing The Course

Even before considering the idea of enrolling for a PG course, the aspiring candidates should assess their own willingness and seriousness about pursuing the course. They should seek detailed information about what it involves and what to expect upon its successful completion. If the candidates find the course too difficult with respect to their competence and capabilities, it is better to look for an alternate option.

 

The Course They Intend To Take

Having established their intention of pursuing a PG Diploma course, it is essential for the candidates to reflect upon the exact program they would like to enrol for. With the various universities and institutes offering several different diploma programs at post graduate level in equally diverse fields, making the right choice might be somewhat overwhelming. The best way to overcome this challenge is by gaining in-depth information about what each different course has to offer and how pursuing it can help the candidates to further their career.

 

The Financial Aspects Of Completing The Course

Completing a post graduate program can put the aspiring candidates under great financial stress. As such it is advisable for them to consider the financial aspects of completing the course successfully. Most institutes offering the courses offer detailed information about the course fee and other expenses in their prospects. The students can also seek this information online from the institute websites. Most importantly, in case the aspiring candidates find themselves incapable of arranging the necessary funds, they can always opt to avail education loans for the same.

 

Eligibility Of The Candidates For The PG Course Of Their Choice  

This is perhaps the most important thing for candidates to consider before opting for a Post Graduate Diploma in Management course. Most institutes set stringent criteria about granting admission to prospective candidates. These generally include a good score in the competitive examination, an above average score in secondary and high school exams, and successful completion of a graduate level program. In addition, some institutions also require their prospective students to have a minimal work experience. However, this last rule might not be applicable for all post graduate programs offered by an institution, which can prove lifesaving for many candidates.

4 Tips For Successful Resource Allocation

Once you are done with your PG Diploma in Business Management, as a future project manager, resource allocation will become a major part of your job. So the question arises, what is the best way of resource allocation? What all factors need to be kept in mind while allocating the work to various resources?

In order to lead  a high-performing project team, resource allocation is one of the most trickiest task to perform. You need to make sure that every member of your team is fully occupied at the same time working to the best of their potential. While ensuring the maximum harmony in work, there can be times when someone has to work on something that is not their core expertise area but never the same you need to assign the task to them. In such situation, what you need to ensure is that you provide them all the support they require while performing that task.

You will get to learn a lot about resource allocation in your Post Graduate Diploma in Management. For the starters, here are 4 tips that can help you in successful Resource Allocation process:

1. Skill

This is the topmost factor that needs to be kept in mind. You would not want to allocate the work to someone who has neither knowledge or skill to perform a particular task.

2. Experience

Now that you have accessed the skill of every member of your team, it is time to judge them on the level of experience. Have they performed the similar task in past? If you have two people with the same skill set to perform a particular task - one with experience and one without experience, it is a good idea to go for the experienced one as they won’t need much support to perform the task.

3. Availability

Skill and experience would help you categorise the work in a good way. Next comes the availability. Is the person you think is most suitable as per skill and experience is available to do the task in hand? There will be times when the person most suitable would be busy doing a task that is high in priority. In that case, you should always have a backup who can take up the task and be able to complete it with as little assistance and support as possible.

4. Location

The last most important factor to be kept in mind is where the task is going to be carried out? In today’s remote work culture, this factor is usually of no importance but there are likely to be certain tasks where location does play an important part. For example, working at a client location for a length of time or the task of configuring servers on site. In such case, you would want to pick the best person for the job from the pool of available options. In case of overseas location, you need to make sure that the resources concerned are willing to go.

The Art Of Leading Equals In The Digital Age

“If Your Actions Inspire Others To Dream More, Learn More, Do More And Become More, You Are A Leader.” - John Quincy Adams

Doing a Post Graduate Diploma Course in Management is a far different experience in digital age than it used to be in earlier times. With digitization gradually becoming the buzz-word, the very nature of personal and professional relationships have changed. In the wake of this change, VJIM teaches young leaders how to harmonize a vast array of differences in the workplace be it racial, cultural, generational so as create something new and potent.

In the digital age, where knowledge is at everyone’s disposal, true leadership lies in your ability to unite people in a team without having to sacrifice their individuality. In other words, the present day leader is no more a person who is holding his team’s finger to lead them in a way. He is a facilitator providing his team what they need to do their job and then getting out of their way to do it. Only then will this new talent be able to unlock new technology, new perspectives, and new, more human communities.

The Workforce Is Not What It Used To Be

The new generation of workforce has grown up with digital media which gives them an added advantage over their older counterparts. They are more intuitive, quick and confident while taking up a task. Their risk taking capability is high and they are willing to work in an aggressive environment where there is less planning and more action.

So what do organisations do in order to make sure that the new generation works in harmony with the older generation because in reality they need the adroitness of digital natives without having to sideline the skills and experience of an older generation.

The Art Of Leading Equals In Digital Age

This is where a new art needs to come into play. The art of leading equals. A much flatter structure where ideas are not always coming from the higher ranks. Companies and leaders alike need to embrace creativity, diversity, and collaboration. A balance between the aggressiveness of the new generation and the patient and calmness of the older ones need to be created and for that a simple realisation needs to be there - you can not do everything and that is why you have been given a team at the first place.

Leaders must work hard to strengthen the bonds with their teams and create enticements that appeal to talent despite their unique backgrounds and identities. As opposed to steering, leaders of digital age need to create opportunity for ensuring a process of collective growth while recognizing their own shortcomings in the process.

Leaders Are Not To Lead But To Follow

Not in the negative sense at all. By follow, we mean you need to follow the instincts of your team and make them the part of the decision making process. Studies  have shown that whenever people consider themselves a part of decision making process, they feel more responsible which in turn increases their efficiency at work at the same time inculcating a risk taking capability for the betterment and growth  of the company. Being a digital leader, means it is ok to not have a plan all the time. You can earnestly approach your team and say, “You know what? I don’t know what to do next. But I believe we can figure it out, together.” This is not humiliating but humbling at your part. It shows that you trust your team and consider them as teammates. Only when you confide in them, they will return the favor by confiding in you and that is how the process leading equals in digital age will work.