Sense at the Top!!

"Nowhere else in the world do castes classes or communities queue up for the sake of gaining backward status. Nowhere else in the world is there competition to assert backwardness and then to claim that we are more backward than you."

- Supreme Court on the case of OBC reservation in educational institutes (ref)

*applauds*

Of biddings and games!

Game theory in action!

Rank Student
1. A1
2. B1
3. D1
4. C1
5. E1
6. C2
7. A2
8. B2

Students get to choose college in order of rank.
A1,A2 | B1,B2 | C1,C2 are friends and want to be in the same college
You got one college with three seats left.

You are A1 and want to be in that college with A2. Your chance for selecting the seat comes up. What do you do?

If you select, you will effectively preempt B1 from selecting because assuming D1 & E1 don't want to take up the seats in that college.

Now that B1 has been preempted, there is a possibility of C1 & C2 taking up the seats,...now making you choice of selecting the seat purposeless.

The other option you cand do is drop down ranks to select a college along with A2. i.e your rank becomes 6, all above you shift one step up. (This is part of the rules). Now what happens, B1 takes the seat, and if C1&C2 don't take it, A1&A2 can get the remaining two seats. But this would be a risky proposal.

So what do you do? retain the same rankings, Select the college and since you know that B1 wouldn't select the college, you try to strategize to preempt C1 from selecting the college. So you make a pact with D1 to select the second seat so that D1 would prevent C1 from preempting A2. But..all this provided E1 is persuaded not to take up the last seat.

Well you begin to apply game theory of this nature only at the IIMB Exchange bidding process!! And that is why they teach you game theory in mico economics the term before :)

Well now you'll think...isn't game theory all but common sense!...well if its common sense, why would ppl be given nobel prizes for it...well then i must get a nobel prize!

The truth about IIM placements

Wisely has IIMB decided not to disclose salary figures! Kudos, and kudos to the rest who will be doing the same.

Are you planning to join an IIM? Are you in all dreams that its gonna be a cakewalk getting placed?

The truth! the plain truth... its a tough world out there and its difficult to survive. You'll find all sorts of emotions on those 5 days of the placement week. People breaking down, crying, frustration creeping in, disbelief, giving up on hope, and the rest! This part does not get published by the media. The media is only interested in the high sal packs!... well this may go to a couple of studs... and studs they are!...but think beyond... there is a batch of 250 odd students... ever wondered what happens to them?

To find out what actually happens, u'll have to be there to experience it. This is one of the only places you'll find things meticulously arranged, collaboration, time management and scheduling all in one place. The system has been fine tuned over 20 years! You can but only stand in the middle of the MDC square and admire the entire process in awe!

The whole PGP2 batch helps the PGP1 batch for their summers and the reverse happens in Finals! Its the community spirit and the selfless helping nature that has made the insti what it is.

Don't be disappointed if you join an IIM thinking that placements are gonna be a cakewalk! Imagine sitting through a process of 52 interviews & GD's spread over 3 days from morning 8 am to night 10 pm to get an offer. Well that is the info that the press does not publish! Welcome to reality.

HRD ministry and its fancies!

A news article that i came across today :

Committee recommends for one IIM in each state

and a couple of weeks before :

Govt. agrees to set up 7th IIM at Shillong

Well, we may be outside the regulatory era, but heights of fantasies the govt. is coming up with! I may sound a bit patriotic to my insti, but let me put my point of view in...

Why can't the HRD bother about increasing the quality of primary and secondary education in India before jumping the gun and poking its nose into things that will not be significant at all in the macro level.

After its fanciful introduction of quota into the elite insti's does it now wants to prove that its some big godfather or something?

Plain facts. Do you think the 7th IIM at Shillong is gonna be ranked even in the top 30 b-schools in India? My answer... no way!

Why all this hype about an IIM? Why do you think IIM grads are the most sought after?
1. Only the cream get thro... with a ratio of around 600:1. What does this imply.... easy access for corporates.... Don't u think it is plain logical that the corporates prefer the top b-schools plainly because they know that their task of screening over 1.5 lac students has been cut out?

2. About quality of education. I'll certainly vouch for that fact at least in this campus. But then again, not all courses have the same quality. Roughly 40% of the students absorb a lot of valuable info. The rest 60% well... i doubt if they gained anything at all except a sleepless 2 year!
At this rate u can imagine the deterioration of quality beyond the top 10 b-schools.

3. What is the incentive for a prof to go to some remote corner and teach. What would his/her family do?

4. Do you think that just by increasing the list of alphabets appended to IIM, it is gonna carry the same image?

5. Plain truth: very few students admitted in the reserved category actually are able to cope with the demanding acads. And those few who manage to cope up are inevitably from the IITs where they would have had some prior experience, but for the rest...well a 2 year course morphs into a 3 year course.

Start from the roots i say. Develop infra in education at the root level, don't corrupt the system in the top! How the hell is reservation at the topmost level gonna help???

At least in this regards i think it would have been better if China ruled India!