5. Recruiting: This is one point where IIMs have made rapid strides to bridge the gap with Ivy League schools. However, still how you see the gap between IIM-A and other IIMs is the kind of gap you see between Ivy Leagues and IIM-A (and other IIMs). I have always felt that recruiting is like a capitalist system… IIM-A being the oldest school in India had the privilege of having its alumni reach top positions in the Indian industry and being its alumni, they have been biased towards hiring more from their alma mater. So, other IIMs coming later on, had to play second fiddle in getting their graduates into these organizations. Now, when it comes to IIMs vs. Ivy Leagues, the same mechanism is played out at a far-bigger, global scale. And what you see is Columbia commands immense power with employers. A leading strategy consulting firm (you can fill in any name you want) hires only a handful from web link IIMs yet comes to Columbia and hires easily 10x of that number.
6. School resources: This is often not discussed or considered important but it is amongst the top 3 important differences for me… IIMs being at a small scale with campuses spread far and wide have resulted in resources also being split. So, hosting just around 600-700 students implies having fewer resources (just the game of per capita numbers… if 1000 students have access to $1Mn worth resources, 10,000 students have access to $10Min worth of resources). The libraries are very basic and so are other resources (although IIMs do a great job of managing these resources). In contrast, Columbia being part of a larger Ivy League university setup can offer a much more wider array of resources… which extends into the curriculum (you could do coursework specific to your industry interest in specialized graduate schools) and into the faculty (you could learn from teaching events / discussions with faculty from other schools) also.
7. Alumni network coverage: Playing the scale and age effect (like in recruiting and school resources), Columbia commands a more diverse and well-established alumni base globally while IIMs can boast of the same kind of network only within India. As more and more IIM alumni are exploring overseas career opportunities, this is turning out to be a big hurdle (in fact, ISB is also going through the same problem) as often recruiting decision makers outside India are not aware of the caliber of IIMs and often club IIM graduates with other regular business schools.
8. Location: With a very few exceptions, IIMs are located in such random places that there is no access to any resource of importance outside the campus (I was IIM Lucknow and can say with certainty that there was nothing of professional importance to students outside the campus boundary). In contrast, if you look at Columbia, being in New York provides immense advantages professionally and personally. Professionally, one can engage in term internships while studying, network with companies they wish to recruit for, attend professional events (conferences, seminars, etc.), and also undertake community service by engaging with non-profits in and around New York. Personally, if you have a significant other (spouse), it is far easier for them to find professional opportunities here than what would be the case with IIM campus locations.
In summary, while IIMs are serving a different purpose resulting in some structural differences, they are not yet ready to give a stiff challenge to Ivy League business schools. And not to forget, the political intrusion in IIMs have only made me less hopeful about any constructive change towards bridging this intellectual divide.
My thought process is very closely aligned with what the character, Mike Ross, says to his boss, Harvey Specter, in one of the episodes of the TV series, The Suits. It goes something like this, “I know what kind of a lawyer I can be if I am as smart as you, but what I want to learn is what kind of a person I want to be.” (Don’t hold me to the exact wording of the quote… I don’t have as great a photographic memory as Mike Ross).
I will contact the credit bureaus via U
Respect for clients and colleagues. We often take this for granted but it is important to time and again acknowledge the roles each one brings to solving a problem, and their contributions. It is not to discount the fact that some people are difficult to work with but the positive side of that experience is the opportunity you get to master your people skills. Needless to say, there are more people who have been great colleagues/ clients than not so it absolutely is essential to be able to acknowledge their good support/ work and say a simple “Thank you! Be aware of your long-term goals and continuously calibrate to stay on track. This is one place where everyone can easily chart their own path independently and with much ease.
B. Funding and performance is a vicious never-ending cycle… Schools perform better with high funding, funding is high when the property taxes are high, taxes are high when the real estate is high, real estate is high when people are willing to pay more to buy/ rent a property because of the school district, school district is attractive since the school(s) within are better performing. And so the vicious cycle continues. Once a bad school, always a bad school is how it turns out to be.
2. Recognize the problem of poverty and solve it to offer home, health, and food security as a fundamental right of all human constituents
At the heart of all this is the collapse of the economic system… the primary purpose of an economic system is to ensure economic well-being of all constituent individuals – a fundamental right to live for all mankind.
This economic system is built upon three principles: 1. Ownership 2. Disposal of ownership 3. Distribution of wealth amongst the public
Unfortunately, we have often taken this economic system as given, reclining to the belief that some people have to go hungry for some other people to have a lavish dinner spread
Some states have their own requirements for providing Social Security numbers. For instance, in Washington you must list your Social Security number the first time you apply for a driver’s license. Federal law (The Intelligence Reform and Terrorism Prevention Act of 2004) prohibits states from displaying your Social Security number on your license or vehicle registration forms, but they can still collect this information.
I was asked to leave my Social Security number on an answering machine. I am very leery about giving my Social Security number to anyone and now machines are asking for this information. What a joke. S. mail.
They want to matter. “I want recognition, a sense of accomplishment and purpose. I want to make a difference and never stop learning.”