Success mantra shared by Mr. Raghuttama Rao at IIM Udaipur

It is always a sense of great joy and excitement when students of IIM Udaipur meet an eminent business personality. Preserving the legacy of industry interaction, the students of IIMU had the privilege of having Mr. Raghuttama Rao CEO & Managing Director at ICRA Management Consulting on campus.

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Mr. Rao started his excellent career with undergraduate from IIT Madras; post which he did his MBA from IIM Ahmedabad. He was a Fulbright Scholar at Carnegie Mellon University Pittsburgh, USA where he gained proficiency in Cost Accounting. Being a member of ICRA’s start-up team, Mr. Rao has contributed to developing many areas of ICRA’s business, including Credit Rating, Management Consulting, and Research. He has served on ICRA’s Rating Committee for about ten years and has experience across several sectors, including infrastructure, banking/finance, structured finance, manufacturing, and energy.

Sharing his experience, Mr. Rao first emphasized the importance of economics and accounting in finance. He said that most students and even industry experts in finance domain lack the conceptual understanding of accounting and economics and hence are unable to deal with unprecedented scenarios. He recalled the amount of struggle he faced while learning cost accounting but said that the hard work paid off in the end.

Mr. Rao explained that the students should come to know their strengths and weaknesses in deciding the career path. He stressed on focusing on those streams that fit with what the students are good at, and what they really enjoy doing. Hence, in terms of consulting, Mr. Rao asked the students to ponder upon two fundamental questions: “What is Consulting?” and “Am I fit for it?” before joining the field in the first place. He also explained that consulting is as much about people skills as it is about analytics. Exclaiming that at the heart of consulting is marketing; he said that communication skills, both verbal and written, are essential to the domain. He mentioned that though multi-domain knowledge is helpful in consulting, one should try to have an expert level knowledge about one or two fields and that one should be used to unprecedented situations as consulting usually presents with unstructured problems.

Accentuating on maintaining health, Mr. Rao said that one should always maintain a balance between money and fitness. In addition, he said that one should use this time in MBA to read as much as possible about many streams and decide which way to go. He also said that one should dig deep inside and figure out the right reason for pursuing entrepreneurship and exclaimed that in entrepreneurship, one has many bosses.

After the session, he was asked numerous questions by students ranging from how to prepare for the summer internship to the importance of certificates for various streams. The students of IIM Udaipur are glad and thankful they had the privilege of meeting Mr. Raghuttama Rao and get an insight into consulting, finance and entrepreneurship.

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Campus Connect 4.0 held at IIM Udaipur

Event: Campus Connect, 2014

Students: Government Sr.  Secondary School, Balicha, Udaipur

Timing: 2:00 PM to 5:00 PM       Date    : 5th December 2014        Venue : IIM Udaipur

About the Event

Prayatna – The Social Responsibility Club of IIM Udaipur with its ‘Campus Connect’ program has made a small, sincere effort to create a platform required to bring in the social change. The latest Campus connect initiative saw students of Government Senior Secondary School, Balicha, Udaipur interact with IIM Udaipur students. The mission of the program is to instill confidence and help students DREAM BIG!!! The motive was to set a platform where students could connect, interact, and be part of the mentorship program. The program is unique in itself as students are in constant touch with their mentors (Students of IIM Udaipur), who motivate, guide, and help their mentees understand their liking/disliking, share information and experience which in some way or the other guides the students to achieve their short and long term goals. These goals are not restricted to engineering or MBA, and are related to any of the future avenues which the student holds dear or is interested in. Prayatna expects this would bring in the positive change and would create sustainable and life-changing experience for the individuals involved.

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Activities Organized

The day constituted of fun-filled events. It began with an ice-breaking Creative Paper Art session where the students (20 Girls and 27 Boys) were first asked to showcase their skills with a pen and paper. The activity was enjoyed by all the students and many of them were rewarded for their beautiful art. Thereafter, students were given a chance to speak about self and their aspirations, for 2 minutes. The intention was to make them feel comfortable and to build confidence. Most of the students came up with bright aspirations; one of them wanted to become an engineer, another, doctor, a few wanted to join the Indian Army and some wanted to get into the Civil Services.

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Going ahead in the day, a quiz session was organized for the students. Questions asked were related to the monuments, lakes, forts of Udaipur. The participation was overwhelming as the moment the question appeared on the presentation-slide, all of the hands rose to answer. They were delighted to receive chocolates and goodies as rewards. The session also included sessions on Importance of Education and Life after School with the intention to educate students of their career opportunities and the assistance that our institute can provide. Motivational videos highlighting the importance of hard work and overcoming obstacle, were shared with the young minds to motivate them to think “BIG” and reach the pinnacle of success.

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Proceeding to the last event of the day, each mentor accompanied his/her assigned mentee for refreshment. The idea was to make mentee comfortable to interact with their assigned mentor, interact on a one-to-one basis, and discover things about each other. The mentors-mentees jelled well in a short span of time and exchanged their phone numbers, email ids and a schedule set for themselves to converse with each other over every weekend.

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The constant support from Student affairs Manager Joel Xavier and the Admin team enables the student community to organize such events with freedom and success.

The commitment from all the mentors towards this noble cause and sharing their valuable knowledge with the students is praiseworthy and raises the hope that contribution would bring a worthwhile impact to the lives of the young capable minds.

A special mention to the IRIS – The photography club of IIM Udaipur and last but not the least the selfless contributors to the event, Prayatna team members-

Akshat Verma, Dhamne Kunal, Ishant Saini, Kumar Vimal, Meghana, Sreeparna Das, Tushar Gogia from 1st year and Sitanshu Upadhyay and Kumar Kaushal  from 2nd Year.

The closing heartfelt remarks from the organizers of the event – Deepanshu Malhotra (1st Year) and Kodavali Lavanya (1st Year) that the “Event was Satisfying” reflects the success of the event.

Things which differentiate IIM Udaipur – Entrepreneurship!

The economies in nations across the world are facing saturation of opportunities and cut throat competitions in complex business environments. The need of the hour is to not just build and run successful businesses but to carry an entrepreneurial mindset in any career role chosen by the future managers. IIM Udaipur follows a pedagogy which strives to inculcate the spirit of entrepreneurship in its students.

Under the leadership of IIMU’s visionary DirectorProf. Janat Shah, the institute has taken several initiatives to foster the spirit of entrepreneurship in the institute’s foundation. Students are given ample opportunities to develop into effective self-starters and self-motivated leaders who can generate employment options for others as well and hence add value in the economy and society. The Director himself conducts Open House Idea Sessions with the students where the students put forward their plans which are discussed and brainstormed among the peers to enhance their implementation potential and directives. Faculty provides mentoring to the students to help them in shaping their ideas into ventures.

A number of eminent speakers who left the cushions of job security and created reputed ventures are invited to the campus to conduct sessions for the students. The PGP office also aids the strengthening of the entrepreneurial space of students by introduction of subjects like Entrepreneurship, Social Entrepreneurship, Courses of Independent Study etc. which promote students to learn the trade while integrating the lessons into their academic grading and evaluation. Placement Holidays are also provided to students along with seed capital help for incubation of ventures and deferred back up placements offers so that students can independently and dedicatedly work on their business models without losing on their other career options.

Several students driven activities have been running out of campus and in the areas in & around the vicinity of local community. SakshamThe Entrepreneurship Club of IIMU promotes the culture of entrepreneurship through the strata of its events and activities like Ideate Start-up Workshop, B-Plan Competitions, Live Projects et al. The success of its flagship event, PrarambhThe 32 Hour Start Up Challenge, a one of its kind event in India and the award of Best Debutant Entrepreneurship Cell in the North Zone given by National Entrepreneurship Network (NEN) showcase the testimony of the excellent efforts put by the club in sustaining the culture of entrepreneurship in the campus. Prominent tie ups with bodies like NEN, The Indus Entrepreneurs (TiE), Rajasthan Angel Investors Network (RAIN), Microsoft Ventures, 91 Spring Board, Cynapta and Start-Up Oasis among others are increasingly establishing entrepreneurship as a firm pillar of the institute.