Transformation on the way….

Its almost the end of the road to ISB. If I don’t receive interview invite in next 3 days, that dream to attend ISB will be over, well almost. Thanks to the XLRI GMP interview call which I received yesterday, I am not shattered yet.

In the meantime, I have been thinking a lot about my future course of action. Will post about that in detail later. But just to give out some direction in the meantime, see this video:

Mint CEO Aaron Patzer on Startups from Techcrunch on Vimeo.

Yes, breaking out on my own is one option. Moving to business consulting roles, without MBA is another. Going for the best possible MBA program in current year is one more.

ISB submitted in R2

Yesterdays was the R2 deadline for ISB and I turned in my application comfortably(unusual!). I had been working on it for last 10 days and it was a big relief.

My application feels a lot better to me this time. The essays underwent some good reviews by at least 3 people. The recos are also a lot better this time. So overall the spirits are high.

I am trying hard to keep myself away from the insanity at PG. I think it presents a bloated quality of applicant pool and kind of distracts you, if you are not a rock star yourself. So, I just go there to check on news like how many applications, documents required, etc. Today, I went there and found the total number of apps in R2- about 2200. This is quite large as compared to 1700 apps in R1. Though I don’t know what to make of it, as I would expect the app quality in R1 to be better than R2. See, PG distracts you, isn’t it?

I hope to land an invite from ISB for interview. So my work is now cut out- start preparing for that round. Here is what I need to do for interviews:

1. Go through the application and make a list of possible questions. Write down the answers.
2. Recalculate the % impact I mentioned at a few places. Be sure about them.
3. Write down 10-15 other general MBA interview questions and prepare answers.
4. Speaking/Interview: Make it a point to speak on random topics daily. 10 days from now and I should take a mock interview.
5. Starting from today, write down information/facts/figures from BS and others about:
a. Indian IT
b. Indian economy in general
c. companies for strategy roles in ISB
d. opensource/embedded/high tech industry

6. Start looking at more value added work around me now.

Open-source business model generates heat..

I have been seeing a lot of analysis on opensource business model off late. Blame it on Oracle vs MySQL vs EU controversy. I thought it would be good to note all these discussions going on. Here are the links:

Open source remains elusive

Gigaom discusses and amends the above article

I haven’t read these two links yet, but I was thinking aloud yesterday on this topic. For what ever its worth, here it is:

1. the comparison of market share Vs revenue numbers is not correct in case of open source. For eg. some people say MySQL’s market share, with 60000 downloads each day, was about 40% in terms of installations but in dollar terms it was just 0.2%. And hence they deduce that open source as a biz model is doomed. I just think that a better comparison, like with most things in life, is:

Efficacy of business model = Value derived (Enterprise value) / Money invested

And on this count, MySQL will score at par to the big boys – Oracle and MS.

Efifcacy = $1000 million / $ 100 or $200 miilion
= 10 or 5 times.

which is as good as most successful high tech startups, financially. The reputation and good will you get, is totally matchless.

2. Open source will undergo a lot changes which will see its revenues/installations ratio improve.

3. Calling open source a bloated, impractical industry just because the ROI is less, misses an important point. The founder(s) of an open source company never wanted to earn insane amount of money. They generally go open source as they choose good will over money and and want to see the world as a better place. So why judge them on a purely ROI basis?

Skipped SPJain. Mission ISB now!

A couple of updates first, one good news and one follow up news. First the good news- I had applied at the 1 year PGPM program at SP Jain, Bbay and had interviewed with them. Well, the result came about 16 days ago and this time I did MAKE it. Man, wow good does that feel when you get an “You are welcome” mail from a school of reputation like SPJain.

Now the bad part- I said NO to their offer. This was a rather painful decision as after battling for so long for my MBA(my first attempt was in circa 2002!) everyone around me wanted to hang up the battle shoes and get “settled”. But I stand by the decision and don’t regret it. These were the reasons for my decision:

1. Types of recruiters: Since 85% of my professional experience is in High Tech product industry, I really want to go to a school where product based companies come for recruitment. Sp jain’s list is entirely made up of IT services firm. Though I do think that there are good profiles in IT services firms too, but keeping in my mind my different experience as well as my long term career plan(of starting a venture) I didn’t see a great fit. Also, there were no real chances of trying the consulting industry post SPJ, as there are hardly any names in SP Jain’s recruiter list.

2. PGDM Vs PGPM: Well this is fairly well known. While researching the placements of PGPM, I came to know that the school has a bias in favor of their flagship PGDM program. It seemed that the school is deliberately not pushing PGPM to industry to avoid conflict with PGDM. My take is if the school you are joining is not serious about their own program, then there are limited things you can do to make things any better.

3. The network: Finally, I turned to linked in to compare the real world positions of alumni from a few schools such as ISB and SP Jain(PGPM). A few pages and you know the difference. I agree that PGPM is relatively new(4 year old), but ISB is not very old too(7 years). Also the sheer number of people from ISB would far outnumber the PGPM alumni base as the average batch size of ISB would be about 300, while PGPM’s would be 1/10th of that. But the message which I drew from it was there were simply far more opportunities available for ISB junta as compared to SP Jain’s PGPM alumni.

Anyway, now when I have chucked the offer, I am gearing towards having a serious go at ISB in R2. A few things are already in pipeline and I would share the strategy soon.

Wish me luck!

Back in Black(and white, and red, etc)

After a really long hiatus, back to blogging here. But I can assure you this time, you are going to see some activity here.

My last year’s application experience was a good learning experience. The score board was:

Applied Short listed Final result Reasons

IIM-A(PGPEX) No Negative Lower experience, lesser GMAT(710!)

IIM-C(PGPX) Yes Negative Lower experience profile which was enough to arouse them, but failed to inspire them for final admit!

ISB Yes Negative Their own feedback blames my unpolished interviewing skills. I concur. Point noted, action plan to be put in place.

Hass(UCB) No Negative No cues form Adcom. Once they took application money, they stopped being collaborative! I do think that my application couldn’t create much impact.

Tuck No Negative Ditto

LBS No Negative Ditto

Hell, the score board looks like batting record of Venkatpati Raju! But some sense-making exercise tells me this:

International school fiasco:

1. Bad choice: LBS, Tuck were simply not my type. I wish to stay within Tech, albeit in a business strategy role. LBS and Tuck are unlikely choices for someone like me.

2. Bad preparation : Haas is one of the most difficult schools to get into. Most top tech people apply at Haas, Stanford and MIT. For a full time Indian non IITian techie, who has never worked abroad, it will take a lot of specific application strategy to break into this elite school. And I simply prayed. Also, should have visited the school when I was in US for 2 months.

Indian school fiasco:
1. Sub-optimal performance in interviews, communication.
2. Nebulous vision about career.
3. Lack of rigorous school research.

I hope to use this learning in this year’s applications. I am already through the admission process of SP-Jain’s PGPM program. It was a remarkable learning experience, the details of which I would let out in my next post.

CAT is stranger than fiction..

As I reported earlier my CAT attempt was a joke as I didn’t study for even 15 mins this year for it. A far cry from my earlier days in 2002-2003 when my life used to revolve around it. Though I was rather pleased with the performance after I checked my marks(a practiced ritual in those days. Can’t help it!) I thought I had CAT by his tail this time.

Alas, the worst scripts are not written by god anymore and the job has been handed over to the IIM honchos who keep changing their preferences each year with no indication at all before the test. The result was declared yesterday and I was excited to see my score:

In fact, I was so excited that the fact that the result page showed no interview calls skipped my mind completely. Yes, I was looking at my best CAT score ever with my best sectional performances but still I was more unlucky than ever too! As it turned out, my quant score of 91.95%ile missed the cutoff set by not one, two by ALL IIMs by a whisker and because of that my other numbers lost their sheen in toto.

I am still having hard time understanding the meaning of cutoffs set by IIMs. Back in old good days, I remember sectional cut off was the minimum score to ensure that a candidate who is weak in a section doesn’t get in. Hence the sectional cutoffs used to be set to about 84-85%. But today can you say =~92%ile is a low score to an extent that the other good scores in other sections gets overridden? And if it is why dont IIMs declare upfront what is the good score in their view.

For me personally this event doesn’t hold much significance as for me joining a 2 yr course with freshers might have been a decision which would have taken a lot of thought. My heart goes out to people who were sidelined just because they were unlucky to find favor with the whims and fancies of IIMs.

I hate the eccentricity IIM admission staff pride themselves in. They do it in PGP and they do it in PGPEX. And lucky them, they always manage to get extolling tomes written about them by a servile Indian media. They should thank the vast talent India has for this.

At the end of the tunnel..

So in the end my brain could not persuade my heart to apply for NUS/Judge/CMU Tepper. So that says it all. This is prolly going to be the end of road for my Bschool plan this year.

My Haas application is under review right now. Yesterday the admission staff had informed me that they haven’t received my TOEFL score which came as a surprise to me. I promptly wrote back and forwarded my order summary from TOEFL.org. Thankfully, today I got a mail that they were able to locate my score and my application is now ready for review. Glitches of these kind happen everywhere I am forced to guess now.

Anyway I am not hopeful about Haas after my rather negative results. Though I do think that there is a cultural fit for me at Haas and I hope they see it too.

So in the end, it does look I am standing at the end of the tunnel. I have to start on my plan B. After making one that is.

Tuck rejected itself…

Okay, so the headline seems like a case of sour grapes. But it feels demoralizing to say “I have been dinged”. And thats happening too often off late.

Though, this one wasn’t a surprise. Interview calls for EA rounds had started trickling out from Hanover in Oct last week. And by Dec, even R1 applicants started finishing their interviews. Though some people have reported waitlist status today, which in my view was the best possible result they could have today.

With this, and almost no hopes from Haas, which is my last “alive” application, I come to the dead end today. I can’t make up my mind for Judge/NUS somehow. Though my brain says I should apply to Judge, as its a free application and I have already submitted my TOEFL to them. But my heart refuses to give me a adrenalin rush to get started with the application.

Damn.

Haas R2 submitted!

I submitted by application for UC Berkeley for their R2 deadline a few days ago. Didn’t find time to post this bit of info here. Work has been hectic.

I got very less time to go through the essays and the application before I turned them in. Blame it on my system bug – procrastination. Not sure if I could have improved them more.

Haas is the most difficult school to get into after Stanford, according to the acceptance rates- adammarkus
Hence, I am not counting much on this school. Specially after a few of my recent results, my confidence was low. In fact, the thought of passing on Haas this year came to my mind. But in the end, I went ahead as Haas has been my dream school and I absolutely wanted to apply at it.

Fingers crossed a bit. Haas adcom please find some reasons to get interested in me, reasons which ISB/LBS/Tuck didn’t manage to find!

TOEFL.org brings good news!

I got my TOEFL score today! I was expecting that they mail people people when the scores are ready, but it seems like they don’t. As today “15 biz days” time limit expired, I went to the official site, logged in and found my score under a gift wrap right there waiting for me.

I got a decent 112! Was relieved when I saw this figure. As I wrote earlier, I won’t have been surprised to see a score around 100. So in the end, it seems I did well in the exam. Here is the break up(out of 30 in each section) I got:

Reading: 30
Listening: 30
Speaking: 23
Writing: 29

So I lost 7 out of 8 total lost marks in the speaking section. Hmm. But as I said in my last post, one needs to practice hard for this task in order to score well. And my preparation was superficial at best, hence not complaining.

I am happy with my writing section performance for sure. On the GMAT I had got 5/6 which is not great(measly 60 percentile). But here 29 looks decent. Seems like writing rubbish on blog sites and frenzied application essay writing are getting counted.