Just a day after our MTS ended we had the pre placement talk from ITC and this was the start of so called "PLACEMENT FEVER" season .We all had a new topic to gossip and sometimes serious talks like “where will we land up” .As a member of Placement committee I knew the time has come where we all PC members will have to slog a lot and face the batch on important as well as some "trivial" issues.
Ok now not boring you with the pre placement time talks and gossiping let me start my experience. I was not shortlisted by ITC and then by Basix…Somehow felt that where our batch agreed to disclose the marks I was not shortlisted .IFMR,TERI ,AP govt,FINO,HIWEL,GCMMF and NDDB did shortlist me . Let me tell you that organizations coming for placement in IRMA shortlists participants in such a manner that you will find no correlation as to why a particular person has been selected and why the other one was left out. So never rely on organizations short listing criteria( important TIP). Just before the D-day I was pretty much busy with the PC work and had little doubt as to what am I going to say in the interview as frankly and honestly speaking I had not prepared for the interviews whether it be going back to the books of previous terms or keeping oneself updated on current issues and also not even reading the newspapers ..(these ingredients are always suggested for the interview and GD preps) .Luckily SKS divided the list of students to interview in two panels and mine was the first interview which was timed to start at 8:30.this was like mock interview. I was the first “bakra” in front of SKS people and they started asking all arbit questions like if your colleague is jailed how will you get him out.if any one of the three has to be saved then which one will you choose “1.boss,2.client,3.subordinate”.I thought I was not giving an Interview for a B school campus recruitment but rather for a Law school campus placement. They kept me questioning on similar lines and I kept on babbling the answers for an hour or so. After the interview I came to know that this organization is not fit for me. However they did not even gave the spot offer also (basically did not select me).Luckily within 15 minutes I was lined up for IFMR capital interview .thanks to PRM 30 people they did a good job in updating each one of us on the happenings taking place in front of the interview panels. But before that IFMR CIRM called me for the interview,I had no idea what this CIRM does and what are its functional areas .I was asked initially about myself then my interests and then question on how are my mathematical and analytical skills. Straight away after that I was asked to design a life insurance product for rural poor. I was given one minute to think on that.The next question was a numerical on Insurance product as in what will be the farmers inflow of cash and outflow of cash ,what will be the pay offs and was asked to draw a graph. After all these bouncers I was asked to design the MIS of the loan product.then before leaving they asked me about HDI ranking,how many insurance companies are there ,where I see myself in 5 years from now.I was pretty confident they will offer me a job.after coming out from interview I was called with in 5 minutes for IFMR capital interview. again the usual question introduce yourself and blah blah…..main bouncers were thrown when they asked me why interest in finance of MFI’s. then came train of questions what is securtization,capital adueqacy ratio, credit enhancement,delinquency ratio,off balance sheet method of financing MFI ….etc etc……as soon as I came out of room they offered me to join ,I asked them to wait for 10 minutes and suddenly they raised the package. Just after that I also got offer from CIRM and they offered a higher package then Capital.but till then I had already signed offer with capital.so this was my experience but people believe me it all depends on that day.how you feel about yourself.just be confident ….
PRASHANT BHARDWAJ
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