Category: Industry Gossip


Courtesy: http://www.pressdisplay.com/pressdisplay/viewer.aspx

Jack McGourty of the Columbia Business School talks about the Venture for India programme, after which students are guaranteed a two-year placement in New York

Jack McGourty, director of community and entrepreneurship at the Columbia Business School, speaks to HT Education about the school’s collaborations with India and a threeweek workshop that will culminate into a two-year placement in New York City.

VFI will place fellows in companies related to their fields of interestPlease elaborate on the Venture for India programme.

Venture for India’s (VFI) fellowship programme gives graduate students the opportunity to attend a three-week entrepreneurial workshop conducted by Columbia Business School (CBS) in New York City. The workshop is followed by the student getting placed in a company for a minimum of two years. After the two years, students go through a capstone simulation where the top performing student over the two years will get over and above entrepreneurial mentorship and support from VFI to start his/her own venture. Venture for India not only aims to develop the entrepreneurial environment in India but also generate jobs by helping companies expand and train graduates to become business builders and job creators.

What kind of students are you looking for? Is there an eligibility criterion?

VFI has a detailed application on the website which students must download, complete and send to apply@ventureforindia.org. We are selecting graduate students with a motivational drive to become an entrepreneur. Although good academic standing is important, it is not the deciding factor for selection. Ideally, students from 22 – 28 years of age will be selected.

What made you choose India to collaborate with?

India is a hotbed for entrepreneurship. Along with having a great demographic dividend in which the majority of India’s population is below the age of 30, entrepreneurship is necessary to sustain the economy and creating new jobs. This brings us to VFI’s mission: create jobs and help the economy.

What will the selected students be able to experience?

Venture Fellows, through interactive lectures and selfdirected assignments are guided through all elements of the venture planning process in a modular format. Each module will help the participant develop a comprehensive new venture plan. The five modules are: opportunity, strategy, innovation, leadership and execution. At each stage of development, participants are exposed to critical terms, tools that support research and decision making, and explanations of how each major planning activity fits into the business plan. Fellows will also be visiting start-ups throughout their stay in New York City.

When you say ‘guaranteed two year job placement’, how do you place this guarantee? What kind of jobs are we talking about?

VFI has tied up with Angel Investors such as Mumbai Angels and TiE (The Indus Entrepreneurs). We have also tied up with early-mid stage companies to provide a platform for students to gain experience in the working world, after the programme. It is imperative that students get experience working in the field before they start their venture. Hence, VFI places its fellows in a company which is related to fellow’s area of expertise to unfold maximum exposure.

Career options at Deloitte

Deloitte has been generous in orienting freshers about the possible career options available in the market, for different subjects as major in your course curriculum.

Deloitte career options

Corporate houses have now realized the enlarging gap between education and industry. Some of the market leaders who have been the first movers like always have introduced student engagement programs and initiatives to fill this gap. HCC is presenting such leading student engagement programs.

MICROSOFT – MSP – Microsoft Student Partner

Student Engagement Programs

Student Engagement Programs

Microsoft titled its student engagement program as ‘Microsoft Student Partner’. It is made to be social and friendly with the students by announcing the latest technologies, curating discussions and sharing solutions. They have swirled out slogans like  ‘Geek is the new rockstar’ and ‘Technology is king’. For those who believe this is true can participate in this.

MINDTREE – STUDENT EMPOWERMENT PROGRAM

Subroto Bagchi, chairman of Mindtree, after writing bestsellers like ‘Go Kiss the World‘ and ‘The Professional’ is now actively engaging with students to bring a change the attitude of

Subroto Bagchi

Subroto Bagchi

youth and in teaching pedagogy. His book ‘MBA at 16′ represents his vision for this nation.  This initiative speaks “We are focusing on industry groups and domains; we are building new campuses, investing in learning and leadership development and brand in a big way. It is a great time for you to come on board and for you to shape us.” Hang around http://www.cocubes.com/mindtree#about_mindtree to know more.

DELOITTE – STUDENT’s PAGE

Deloitte Internship Apart from handling consulting needs, Deloitte is engaging with students by conducting career events, summer vacation programs. It has also established a learning and development cell for online learning, professional development, external study and recognition of talent. Explore more here. They also offer regular internships.

Hewlett Packard – HP learning initiative for Entrepreneurs

HP learning initiative for entrepreneursThe HP program remains focused on those who want to pursue entrepreneurship. It has provided tools to enable training and convenient ways of learning. Learn more about LIFE at http://www.life-global.org/en

Employ-ability of Youth in India

India is one of the youngest countries in the world.

With a population of over one billion in India, government census reveals that 41.5 % of them constitute youth of our country.

A further investigation reveals that out of an approximate 410 million young Indians, only 60% of them are educated and literate.

The question that arises here is that, ‘Is this 60% employable i.e market ready where the industry can absorb them into skillful jobs and be considered as skillful labour?’. The question has been answered in a recent report published by McKinsey. According to that report only 51% of the employers thought Indian graduates were prepared for entry-level positions in their respective fields. They have discovered that the lacunae exists in areas of problem-solving and communication. Such disclosures are quiet disappointing to the mood of “Developing and Incredible India”.

What are the next steps to alleviate youth from such state?

This is no one man’s job. All the stakeholders involved in educational sector and HRD of India need to get social and add value to raise the quality of human resources being produced for the nation. Who are the stakeholders?

Employability Stakeholders

What is the role of each stakeholder?

Let us with Government and end at NGOs.

Government: Any anomaly in the society, the reason is always government, fingers are immediately pointed towards the current government  However, in this case Government of India has been doing some great stuff. It has established Ministry of Youth Affairs and Sports. They have their schemes gathered on  a portal called http://www.youthportal.gov.in/. National Skill Development Corporation is another relevant initiative that has made a mark in facilitating and filling skill gaps. Is this enough? Not really.

We need expeditious reforms in a greater magnitude, with youth population is growing in numbers. Government has collaborate with the industry and provide rigorous training programs. Most of all it has to update the curriculum in all fields to include field experience, industry experience as a compulsory element. Thorough theory and academics have to be kneaded with real time industry exposure.

Universities and Colleges: These educational institutions have an opportunity to make a direct impact on this issue and fill the gap. They need to welcome industry leaders to participate in the annual curriculum and interact with students. Similarly encourage innovation among students.

Some instances of such action already happening are:

IIIT Hyderabad – They have an incubation center that nurtures innovative technilogies created by students into practical business models.

St.Francis College for Women, a commerce and science college brings in companies and internships within their college and as an autonomous college, it has absorbed industry experience as a compulsory part of its curriculum.

Students: “If you want to see change in the world, then YOU be the change.” Though their is action gearing up among other stakeholders  the attitude of students have to change with it.   Students need to understand the definition and purpose of education before getting into a college. The students need to now reorient themselves towards the approach of learning. A section of urban youth are participating in collaborative activities to expand their horizon of exposure however there is a large section of youth still left out and requires penetration.

Industry or Recruiters: Companies looking for employable talent also need to be ready to provide internship and apprentice opportunities to students before they hit the market for employment. Recruiters, irrespective of their scale of business need to welcome themselves for orientation and plenary sessions where students get to interact with them.

Everonn has made efforts to introduce vocational training programmes under one of NSDC reforms.

NGO and Social Enterprises: The social sector can never be left behind when there is an issue on the table. Social enterprises need to do their bit. Gradually there is momentum picking up with innovative interventions from NGOs for students to be tuned and certified as employable. Creative Cares is one NGO we could quote in this context.

Investopedia defines EMPLOYABILITY as employability is a product consisting of a specific set of skills such as soft, hard, technical, transferable etc. The broad perspective includes the narrow definition and enhances it further by viewing employability as a life-long, continuous process of constantly acquiring experience, new knowledge (purposeful learning) and skills that contribute to improving one’s marketability and subsequently ability to obtain and maintain gainful employment in the various labor markets. Further, employability can be defined both as a product – a set of skills – that “enables” and as a process that “empowers” an individual to acquire and improve marketable skills that can lead to gainful employment. 
Read more on Investopedia

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In the first month of 2013, HCC has discovered a few likable posts about current recruitment and career trends.

These trends speak about the evolving future generation and their attitudes. It is helpful for both recruiters are job seekers to understand and study these trends in further detail. HCC has gathered these article sources and links.

Startup Professionals Blog: 8 key processes to distinguish a Business from a Hobby

social hireSocial Hire.com:  Social Media makes job search easier

Jobbook.com: Why non-profits are using Jobbook?

jobbook_blog

CareerCloud.com: Google letting candidates apply with G+ profiles