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.

1487323_776108022452198_2333536330710525040_n Picture Source : MMA, Chennai

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.

Advertisements

IIM Udaipur releases Summer Placement Report for the Batch 2013-15

Indian Institute of Management, Udaipur, takes great honor in announcing the successful completion of the Summer Placements 2013-14. The institute once again takes pride in 100% summer placements in spite of 11% increase in batch size. This season saw participation of several reputed organizations across various sectors such as Banking, Financial Services and Insurance (BFSI), FMCG, Consulting, E-Commerce, Pharmaceutical / Healthcare, Retail, Energy and Conglomerates among others. BFSI emerged as the largest sector making offers to 25% of the batch.

1

IIM Udaipur witnessed participation from a total of 56 companies, marking a 22% increase over the previous year in the Summer Placement process for the 110 students of the Post Graduate Programme (PGP) 2013-2015. This year saw many prominent brands visiting the campus for the first time, a few names being Aegis Global Ltd., Boston Consulting Group, Cummins, Future Group, Dover Corporation, Marico, Maersk Line, Sundaram Mutual, Talisma and many more. This strongly reflects the rising distinction of the institute and the increasing value of its talent in the industry. Several past recruiters like GE India, ICICI Bank, ICRA, KPMG, Infoedge India (naukri.com), Mapro, Xpress Money, UAE Exchange, Vedanta and others have continued to show confidence in the quality of the students and the management education imparted. With the varied professional and educational diversity of the batch, students have been offered with a variety of profiles like Finance, Marketing, Consulting, Operations, IT/Analytics and HR. Various profiles of Business Development, Strategy design and execution have been provided by different start-ups.

Placement Statistics

Also, the institute is the first B-school from India to partner with the prestigious Global Business Project consortium through which selected students get an opportunity to work with the very best management graduates from a set of 12 global universities namely UNC-Chapel Hill, Columbia, George Washington University, Lingnan College, Miami, Maryland, Purdue, Pittsburgh, San Diego State, the University of Connecticut, and University of Wisconsin & UNISINOS. The project will provide the students with an opportunity to work with top global companies who recruit MBAs as well as with fellow MBAs from different backgrounds, countries and culture. Three of our students will be working for clients HPCL, Eli Lilly and Handwriting Without Tears in consulting projects which will help them gain an international business experience complementary to the academics.

IIM Udaipur believes in doing things differently and focuses on maximizing the utility of the summer internship program. The students have been selected to work for Trunz Water Systems, a Switzerland based firm on a project that will be completely handled by the students and they will carry out the commercial-feasibility analysis. The students will get an opportunity to work in collaboration with the students from the University of St. Gallen, thus giving them exposure of working with a global team and analyzing from a global perspective.

IIMU is one of the few institutes in India which follow IPRS Reporting Standards for placement reports. An unaudited detailed report of the placements can be found at: http://www.iimu.ac.in/images/pdf/iimu_summer_placement%20report_2013-15.pdf.

The audited report of the placements will be shared soon. Other communications regarding the placements can be found at: http://www.iimu.ac.in/corporate/placements/placement-report.html.