GMR is on recruitment drive for CEOs and middle level management positions

The GMR Group has initiated a realignment of its organisational structure to grab future opportunities with both hands while leaving line functions to professionals. Mr. G M Rao, Group's Chairman, has decided to move away from day-to-day operations to take on strategy and big picture roles and also as mentor for senior leaders.

As part of the formula prescribed by McKinsey, four new corporate chairmen will drive the verticals of airports, urban infrastructure and highways, energy and agribusiness, and international business. The new organisational structure will be in place from October 1, 2007. Under this structure, Mr. B. Srinivas, the current MD of Delhi International Airport, will become the chairman of urban infrastructure and highways business, Group director Mr. B V N Rao will be the chairman of the energy vertical, while Mr. G B S Raju will head international business and Hyderabad International Airport MD, Mr. Kiran Gandhi, will take charge of the airport domain.

As per the available information, there will be four CEOs taking charge of Delhi and Hyderabad airport operations, aviation special eocnomic zone and business development. Similarly, divisions of roads, property, urban infrastructure and construction will have their respective CEOs. The group is in the process of a huge recruitment drive to fill these top slots.

The main strengths of the GMR group are

1. The group has an operating asset base of Rs. 3,600 Crores.
2. The group plans to invest around Rs. 14,000 crores in the next five to six years.
3. The GMR Group-led consortium is developing a greenfield airport in Hyderabad, a brownfield airport in Delhi and has won the bid for renovating an airport in Istanbul.
4. The group has also deep presence in the highways and energy sectors. It wants to enter in the agribusiness in a big way.

Careers - Senior Hydro Professionals

GMR Group is developing medium to large sized hydroelectric projects in Uttaranchal and Arunachal Pradesh in India. These are in various stages of Development. They are looking for professionals with proven experience in hydroelectric projects for it's hydro initiatives. Candidates must have a good understanding of the dynamics of hydroelectric projects and should have relevant experience on some / all aspects of the development including Engineering, Land Acquisition, Environmental and Other Statutory Clearances, Detailed Project Reports, Cost Estimations, Contracts, Project Management and Site Set Up and Management etc. Candidates should be well versed with key aspects of Hydroelectric Project development / construction areas.

Please e-mail your detailed resume or Application Form to careers@gmrgroup.in or rajib.misra@gmrgroup.in

Manufacturing Career in GMR

As a leading producer of agri-products in the rural district of Andhra Pradesh, GMR Group offers exciting career opportunities for professional engineers, quality managers, human resource personnel, environmental experts and project managers. If you would like to be part of the GMR Industries team, please use the application form or mail your resumé to careers@gmrgroup.co.in

Careers in Hyderabad International Airport (Part of GMR Group)

The GMR Hyderabad International Airport offers talented and dynamic professionals excellent career opportunities in technical, commercial and administrative areas of Airport Management. Their people-centric HR policies are geared for professional and personal growth of employees. Customized training programs and workshops designed to bridge competency gaps are conducted regularly. Presently there are openings in the following areas. Please click on each of them to know the details.

1. Project management
2. Business Development
3. Corporate Relations
4. Airport Operations
5. Finance & Accounts
6. Human Resources
7. Information Technology

Careers in Delhi International Airport (Part of GMR Group) - Advertisement - 30-08-2007

GMR Group's Press Release dated 29-08-2007

GMR Group undertakes a significant restructuring programme to sustain an empowered institution

Want big bucks? Try the realty sector

The following is the gist of article published by rediffnews.com on the emerging career opportunities in the real estate sector.

In the back drop of DLF raising India's biggest IPO, the Bombay Stock Exchange introducing an index for it, with foreign investment of $10 billion is expected to flow into the sector over the next 12-18 months and with the sector growing at 30-plus per cent in the next few years, the realy sector is slowly on its way towards consolidation and transparency.

The growth potential of real estate is immense for people looking to make a career in it. Among college students, graduates and working professionals -- especially those with management, engineering and architecture backgrounds -- realty studies are fast becoming a favourite.

Enrolments are increasing in institutes offering short-term diploma courses as well as in colleges offering real estate specialisation in their Master's programme. P.S.N. Rao, professor at the SPA, says that on an average 20 of the 75 students from the Masters in Planning program choose to do a thesis on real estate. "This figure was negligible when the course was introduced as an elective 10 years ago," he adds.

Dedicated institutes have sprung up and management schools have introduced specialised courses on the subject to cater to the increasing demand. Indian School of Business (ISB), Hyderabad, launched a course titled 'Property Finance and Investment' last year. The Pune-based Indian Institute of Real Estate (IIRE), affiliated with the National Association of Realtors (NAR), a leading association of realtors in the US, had 10 students when it was launched in 2001. "Today, we get more than 3,000 enquiries per month for our online course," says Suresh Malkani, founder and academic dean, IIRE.

A number of real estate MNCs have already set up shop in India; more are following suit. Home-grown firms, too, are joining the fray, pushing up the demand for qualified personnel. "There is an immense dearth of trained manpower in this sector," says Nirmal Purushottam, principal, Yajnas Academy of Real Estate Management, Hyderabad. His views are backed by Haresh Motirale, senior manager, marketing and sales, G:Corp Properties, Mumbai, who completed a course from the IIRE in 2002. "A specialised course definitely gives you an edge over those who haven't done it," he says.

Besides the technical essentials, realty education focuses on management studies. "Realty management courses give students a managerial perspective and help them understand finance and marketing," says Purushottam. Industry watchers say the day is not far when campus recruitments will become the norm in the real estate sector. "Our students are posted in companies like Tischman Speyer, JLLM and Macquarie Group," says Bhuvana Ramalingam, director (communications), ISB. "They are offered positions like general manager and senior manager."

Consider Delhi-based Anu Punj, 23, a graduate from the SPA with specialisation in Housing. She was snapped up immediately after her course by Emmar-MGF, a leading realty MNC. She is working as an assistant manager (planning) in the firm now.

Master's courses are generally comprehensive, covering several aspects related to housing and real estate. Says Madhu Bharti Sharma, head of the Department of Housing at CEPT, "The Programme of Planning, with Housing as a specialisation, covers housing policy, housing requirement, housing finance, land economics, real estate development and various methods of development (commercial, residential, resorts and leisure)."

Expect five-figure salaries at the entry level. As the property market gets more organised and competition intensifies, the figures are bound to get better.

The ISB, in partnership with two London-based schools, has instituted the country's first Research Chair in Real Estate and Urban Studies, besides forming a Real Estate Club to promote realty education.

Full Article:-

Want big salaries? Try the realty sector - Rediff News - September 07, 2007

Management Consulting

One beautiful article was posted in the Yahoo Groups. I am reproducing the same for your benefit.

Disclaimer :- These are the views of the author and not mine.

"Management Consulting is a broad term. For the folks looking to make a switch into management consulting, it's extremely important, I believe, to understand the consulting industry and then try and find the best fit or "practice". Below is an insight into the industry. Hope it will help people to get some clarification. Current ISB students/alumni please feel free to add or correct.

Types of consulting firms:

1: The Big 5:

Accenture (formerly Andersen Consulting)

BearingPoint (formerly KPMG Consulting)

Cap Gemini Ernst & Young

Deloitte, and

IBM Global Services / PricewaterhouseCoopers

2: Small Firms:

Small firms or boutiques often provide specialized services or offer expertise that focuses on one industry or a single business practice area. These firms tend to be small, lesser-known niche players that do not regularly compete directly with the larger consulting organizations. Many of these firms operate in a single, geographic region. Some small or boutique firms service only one client.

3: Sole Practitioners.

Perhaps the most difficult segment to define in the management consulting industry is that of the sole practitioner. This group encompasses many outplaced or retired executives and part-time consultants who offer expertise in areas where they have a great deal of experience. Sole practitioners are often engaged by smaller firms and even their previous employers.

4: Internal Consulting Organizations.

Large corporations may have recurring project work for which the expertise of external management consultants would be required on an ongoing basis. Many such firms have developed internal consulting staffs in order to deal with this demand in a more cost-effective manner. Such internal organizations may be generalists or may specialize in corporate strategy, human resources issues, information technology, or other areas that are critical to the company's operation.

Different practice areas or segments (for the lack of a better term) in Management Consulting: This is where we all need to identify our niche and are of interest and then work towards it.

1: IT/MIS. The information technology segment is the largest segment of the consulting industry

2: Compensation/Benefits Consulting. Compensation/benefits consulting firms represent the second largest independent segment of the industry in the US. Firms that specialize in compensation/benefits consulting offer services related to human resource management with specific expertise in practices such as developing corporate grading and compensation schemes, titling plans, and benefits packages.

3: Generalist Consulting. Generalist management consulting firms typically provide advice on strategy to their clients but may also have internal expertise in specific industries, such as banking or health care, or in particular practice areas, such as new product development or operations. Examples include McKinsey & Company, Inc.; Booz, Allen & Hamilton, Inc.

4: Strategy Consulting. Strategy consulting firms specialize in providing advice on corporate strategy to senior executives—answering such questions as, "How can our firm improve profitability?" Examples include the Boston Consulting Group and Bain & Company.

5: Marketing Consulting Firms. These firms provide marketing research, product test markets, target market selection, and other services directly related to the marketing of client products or services.

6: Business Re-engineering/Organizational Effectiveness. This specialty in management consulting refers to the radical redesigning and rebuilding of the processes and functions of a business to recreate the company as a highly effective, cohesive whole that performs optimally.

7:Environmental Consulting

8 Health Care Consulting. There are two primary specialties that fall under the heading of health care consulting. The first practice area is providing general advisory services such as strategy consultation or cost-containment studies for health service agencies (e.g., Health Maintenance Organizations) and hospitals. The second practice area is in helping corporations to select employee health benefit plans that minimize costs and provide the best health care coverage for the organization.

So basically, if you feel this world needs one more segment area in consulting, by all means establish it."

Rs. 1 Crore Pay Package - Is it becoming the order of the day?

It is a good news for all MBA aspirants, who want to do it in ISB, IIMs and other top B-schools in India, that pay packages are crossing Rs. 1 Crore mark for many of the budding graduates from these schools.

Previously freshers at IIMs were offered only analyst positions. But, this year they have been offered at associate level carrying higher responsibilities and pay packages. For example, Deutsche Bank has made offers of associate position to over 10 so far this year. The average salary of GBP 10,000 a month is higher than the average salary of GBP 7,500 a month for an analyst position. This is a good news especially for youngsters who are advised to do MBA even if they have two to four years experience. Hit the rod while the iron is hot.

Other investment bankers such as Goldman Scahs, BNP Pribas, Barclays Capital, Merill Lynch, UBS, JP Morgan, Lehman Brothers and HSBC have all made pre-placement offers this year nut not at associate level. They may offer asscoiate positions from next year onwards for freshers.

All the best.

Payslips – Reading between the lines

This is the abstract of an article in The Economic Times. It is not against any B-school, but it is a fact which every B-School student should be aware of.

Life may not be that rosy for you as promised by an impressive “CTC” (Cost to the Company) of the new company you would join after passing out of B-school. Well, CTC is actually a way too high than the actual salary that you may take home. ET’s conclusion (after verifying the actual pay-slips of some young executives working in MNCs and domestic corporates): CTCs are misleading more often than not.

For instance one candidate, passed out of MDI Gurgaon, took a lucrative job offer of Rs. 12 Lakh CTC at an FMCG multinational company. Even after working for more than six months, he never took more than Rs. 60,000 to his home in any month.

While making salary offers, companies are increasingly harping on components that may not be of any use to an individual in the short run. In fact, some of these components, such as the supper annuity scheme, are virtually impossible to leverage. For example, I am in Government service which is a pensionable job and if I have to quantify the CTC on account of pension, my CTC will be much higher than my present salary. In a annuity scheme, the company pays some amount of money at regular intervals say for 20 years, after which the employee will get a monthly fixed amount. But, chances are that you change jobs frequently in the private sector for which you may ever get that benefit.

Insurance policies like mediclaim are the other vague terms that’s counted a aprt of the CTC. Interestingly, some companies are even counting EMIs for laptops given to executives as part of the CTC. Even club membership fees are paid from your pocket. Of late, deffered salary plan has also been forming part of CTC. According to this practice, incentives are not cleared along with monthly salaries and rather accumulate and are paid on half-yearly or annual basis.

At times, even the house rent allowance component may be misleading. Some young engineers, who were recruited by a leading infrastructure company and posted in a small town in western UP, were promised an HRA of Rs. 10,000 (reimbursable against actual expenditure) at the time of recruitment. However, during their posting in UP, they were provided company accommodation, where four young engineers were made to stay in one apartment, for which they cannot claim HRA.

Experts say students expecting placement need to read between the lines. Firstly, they should look out for discounts that companies can include in the package. These may not necessarily be used by the students. Secondly, at times companies may include a loan amount to the total salary stating that this loan can be availed at a lower rate of interest compared to the market. So, use your soft skills developed at ISB to negotiate for a transparent pay package wherein you can take home with full packets.

Do not get disheartened, but the truth is that the average domestic salary for the Class of 2006 at ISB is Rs. 11 Lakhs. You can get an hefty package only if you are going for an international placement, and the highest packages will be for those who had previous experience in the field of finance, consultancy or banking. Sometimes, I may be wrong. But I am trying to give an objective version from the interactions with current and past students. You will support me only after you are through your PGPM for six months down the line. However, unanimously everybody, including me, agrees that the experience at ISB is top class and worth spending for it. No doubt about it. Hat off to ISB.