Career Development (Placement)

Psychology and psychologists

Decoding Careers in Psychology

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This Podcast is for all the people who aspire to be psychologists and want to create a difference in people’s life. Curiosity is an intrinsic part of human nature. Many of you have grown up asking one basic question why? And as adults, we continue to question and ponder at things.

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Psychology and psychologists tend to apply the same universal curiosity to observe and examine the relationship between our environment and our behaviour. This has motivated many people to choose a career in psychology.

Today I will try to decode a few career options rooting out of this vast subject i.e. Psychology. Be it schools, colleges, hospitals or organizations everyone needs a psychologist Today. But before that let’s clear our minds with the role of a psychologist. What do psychologists do? Tomorrow when I am a psychologist what is that I’m supposed to do? Once your vision is clear following the path becomes easy.

As Psychologists we investigate human behaviour, how people think, learn, develop emotionally and socially. Not only this they help people build their confidence and self-esteem. Your job as a practitioner is not only to help people suffering from trauma, mental disorders and substance abuse related problems but also to bring about positive change in the society and environment.

A Psychologist’s role is to connect with people, nurture relationships, and help people build a strong sense of understanding with others and their inner self. Working with individual client’s psychologists can transform lives; understand the root cause of the problem and offer treatment contributing majorly to the well being of our society. This involves the major role and responsibility towards the profession.

You can work in universities and government agencies as well. Depending on your career goals you may opt to move into a speciality area that fires your imagination and promises fulfilling work.

One can begin with a Bachelors degree in Psychology which gives you exposure to various subjects like abnormal psychology, positive psychology; youth gender identity, emotional intelligence, organizational behaviour and many more. Once u develop an interest you can gradually peruse specialization in counselling, clinical, organizational, or child psychology which will open doors in almost every discipline be it hospitals as a therapist or schools as a counsellor or in organizations as a life coach.

The choices are so vast that you can choose to be a military Psychologist consumer, aviation or Forensic Psychologist. The fields are endless. You name a disciple and there is a need for a responsible psychologist everywhere. Rightly said this profession is interesting to pursue but one has to deal with utmost responsibility towards one’s clients.

Internships are an important aspect of a Psychologist’s career building. With continuous internships programs in hospitals and Ngo’s many students have mastered the art of psychotherapy and are practising making a difference in the lives of many people. You could be one. Get introduced to the subject and discover more about the Psychology behind a Beautiful Mind.

communicate

Winning through the Art of Communication

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‘Words are, of course, the most powerful drug used by mankind.’  – Rudyard Kipling

 Communication is central to the very existence of humans. Man has been communicating since time immemorial. Communication is the lifeblood of our whole being. In every age of man’s existence on earth, communication has acted as an agent of facilitation, social life, and development. Cavemen developed their own lingua franca to make meanings out of things and send meaningful messages. They also communicated through art. As the importance of communication is second only to oxygen for humans, the importance never lost its sheen throughout homo sapiens journey in the historical chapters of planet earth. In the modern ages or in other words, the competitive world, which is, even more, a world of survival of the fittest, every day demands constant steadfastness in the face of challenges and opportunities, both in personal and professional arenas. Nobody wants to lose the opportunity to fair well or make better of it. 

Present times are fraught with people battling stress. Resultant of the busy competitive world we live in, stress eats away on our happiness and well-being like a termite which is evident in high divorce rates, dysfunctional parenting, on-job burnout, boss-conflicts at the workplace, joblessness, violence, depression, increasing suicide rates, etc.  There is a continuous nag that ‘nothing is ever going to be enough’ constantly nudges at you. Communication helps to combat stress as we learn to express ourselves, thereby clearing doubts and confusion, and building valuable connections. But communication must be effective so as to be of any use in delivering the right message, to the right audience at the right time and make a fruitful impact. ‘Effective communication’, remains the no.1 skill to lead and manage a successful life.

The Communication Gap

Today the world is impatient, does not wait for anybody. Everyone wants to grab that chance to a better life, job, or income. This demands us to constantly up-skilling ourselves, and being in the right circles, aka, effective networking. But, even here, to be successful, we need an empathetic human to human connection. Communication gaps can hinder relationships between boss-employee, teacher-student, parent-child, siblings, and friends. Married couples ought to work on their marriage by constantly enhancing communication and listening.

Effective communication can act as a glue and heals discord, builds bridges, which is good both for business and personal life. While everyone starts their professional life equipped with in-demand degrees or skill certifications it is the skill of effective communication that decides who will sustain in the race and be the best or among the best, to succeed, to grow, and to enjoy the journey that life presents.

Tools for Effective Communication

Good communication is a crowd puller. Imagine a leader without the art of communication. As simple as it may seem, communication to be effective is still a challenge for many. The ways of what is good in oral communication differ from what makes an impression in written form. Also, styles and techniques of communication differ from person to person, situation to situation, and medium of communication.

Oral Communication: When it comes to improvement in oral communication to become good public speakers, orators or impress in meetings and interviews, skills can be honed by listening to good speakers, study their body language and use of vocabulary as much as possible. It is very important to understand aspects of the speech like tone, fluency, eye contact, pauses, use of space, gestures, etc. Using anecdotes, emotional stories, poetry, couplets, and humor enhances oral communication by helping build connections with the audience. The only thing to be kept in mind is to not over-do these tools and use them appropriately. Regular practice and proper planning help sharpening the oration skills immensely.

Written Communication: Written communication is very important from documentation and legality perspective. Academic teaching and learning, business transactions, print media, legal issues, emailing, etc. depend on written communication. It is very important for a writer to write and convey their thoughts clearly. The inability to write what one wants to express will be an impediment to one’s success. Tools like using the right approach, style, and words help in creating powerful, meaningful messages for the readers. practicing the use of correct grammar and spelling (Grammarly app is one such tool) and setting the right tone in the writing is very important. If not drafted well, written communication can fail or backfire due to misunderstanding, as it does not have the advantage of being face-to-face.

Visual Communication: Pictures, graphs, charts, and all kinds of imagery are part of visual communication. Pictures/images speak a thousand words, have the power to set the tone of communication, leave an impact, and project the intended message without hours of speech or pages and pages of writings. The presenter must have the skill to navigate the mind and eyes of the audience to create an impactful visual presentation with the right captions, slogans, etc. Learning visual arts professionally or with practice and guidance can tremendously help a communicator.

Overall, for effective communication, it is very important to know the mind of the audience and shape the message accordingly by appropriate use of communication tools.

Communication Skills in Education 

A good communication course or certification is an added advantage but not enough to become a real good communicator. Life experiences and good education teach us that indispensable skill. Not many organizations especially educational institutions, present an education rigor that makes one an effective communicator. But there are some which do.  World-class educational institutions like IILM in the Delhi NCR region, have a brilliant history of producing positive minded and competent professionals with excellent communication skills. Such institutions are known to lay stress on creating a learning ethos with communication skill development at its core. Students hone their oral and written communication through impactful and professionally designed study programs including active and participatory classwork, club activities, dissertation, outreach projects, competitions, events, etc. Every student comes out of their shell, gains the confidence to stand up in face of an audience, learns skills to lead, collaborate and connect through good verbal and non-verbal skills and shun negativity from their life.

For students, as college years are formative years of their personality and crucial years for building their career base, IILM is a great investment for those years and emerges confident and competent.

Role of AI in Financial Services

Role of AI in Financial Services

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The emergence of automation has shifted the nature of jobs across sectors. So does the financial services. Financial services are also not immune to this development and are impacted by automation and artificial intelligence. Today, financial services are not limited to brick and mortar structure only. Traditionally, financial services used to be the job of a geeky person with a calculator. The financial industry used to be a paper-intensive industry.

But now, things have changed and the nature of the job has changed from bookkeeping to critical financial analysis. Even the Banking sector is technology-driven and gone the digital way. How one usually thinks about jobs in the financial services domain has already changed or in the process. Do you aspire to join financial services in the near future? What are the future job profiles for you? To answer these questions, one needs to understand how the increasing role of Artificial Intelligence will affect the future of financial services and how you can strive to stay relevant.

Impact of AI on jobs

Artificial intelligence AI will be the cause of great disruption for stable career choices of the financial services sector. According to one estimate, across the globe, about 1.3 million bank workers will lose their jobs. Traditional banking jobs like cashier, clerk, etc. are likely to be reduced by automation. All routine jobs are likely to go away with the increased interference of artificial intelligence/automation.

Artificial intelligence with a combination of Big Data is now even affecting jobs involving critical analysis. The combination of Big Data and AI enables us to make decision-based on humongous data and predict the future. This will thus affect the job of a financial planner, tax personnel, and others. One needs to consider this automation as a wakeup call and as an indication of the need to continuously enhance our skills to remain relevant in this fast-evolving dynamic world.

Emerging Profiles in the Financial Services Domain

On one hand, AI will cut routine repetitive jobs; and on the other hand, it will also create several jobs. It is estimated that in India, more than 50 lakh new jobs in the financial services sector will be created in the next ten years. Fintech is the new buzz word today. It is a combination of Finance with Technology. This Fintech sector will provide new job opportunities to aspirants in the future. ‘Finance Engineer’ and ‘Sustainable Wealth Manager’ are some job titles in the future.

Roles for personalized financial guidance will emerge in the future. Financial advisors who have analytical skills and the ability to translate data into relevant and meaningful stories will be in demand. Jobs in the field of blockchain, mobile wallet, and Robo advisors will flourish. Blockchain and apps developers, financial analysts, product managers, compliance experts, cybersecurity analysts, quantitative analysts, business development managers, and data specialists are few profiles that will be in demand.

Skills for Future Financial Services

The need for highly skilled and tech-savvy financial professionals is rising. In-depth and holistic financial knowledge will be the key to career success in this sector. Data analytics and sustainability are other important skills to sustain and thrive in the future market. ‘Superforecasting’ is an ability that is imperative in the domain of ‘Cryptocurrency’. Superforecasting means objective analysis of all present and past events and breaking down complex problems to smaller pieces.  Key requisite skills are business planning, data analytics, along with knowledge of C#, Java language, Murex language, Python, and other programming languages.

Contribution of IILM in your journey

The teaching pedagogy at IILM fosters a learning environment to enhance creativity, originality, critical thinking, and leadership skills in students. It also inculcates and equips students with future scoped skills.  The focus is two-pronged – traditional teaching to develop basics along with new-age electives like Fintech, Data Analytics, Python, R, etc. to give a perfect blend of modern and futuristic courses. IILM thus provides a complete package to students and makes them ready for financial sector jobs and thrive for career success.

Campus Placement

How to Get your Dream Job?

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‘’Go confidently in the direction of your dreams. Live the Life you have imagined.’’ David Thoreau

Why do young students aspire to be part of a Top B-School? Do you remember the first time you were inspired to make it big in the corporate world? As a professor on the Industry track at IILM I am always amazed by the aspirations, enthusiasm that the bright young students bring to B-School when they step in at IILM – starry-eyed, big dreams! At IILM we try and give shape to these dreams, getting them ready for their next leap towards a successful career.

The first Job from campus is always the most cherished one and I still remember the day when I received multiple job offers during the two day placement season at the B-School campus placements during my MBA back in 2003. The year was still a recovery phase in several sectors as the economy was recovering from the Dot-com bubble burst in the year 2001. Circa 2020 and we are in the middle of looking up to the new normal that beckons at fresh graduates wanting to join the Economy in June – August Season. At IILM we believe in working with loads of passion for the students’ careers. A testimony to the statement can be found in the way the students and faculty mentors have engaged beyond the classrooms to get a whopping 430+ Job Offers including 225 Job Offers at IILM GSM Campus as part of the final placement cycle that turned out to be a success (sans the impact of COVID in Mid-March 2020). We would like to keep this article as a testimony to the hours spent in making the twines meet and for the future  batches at IILM in the new normal (Post-COVID)

  • Bringing attention from 150+ Companies: IILM believes and works in student based principles. Based on the emerging trends picked up during interactions with the students, the placement team has interacted with over 180+ companies during the run-up to the placement season beginning Early September 2019.
  • Great Candidates find a way to their dreams: The graduating batch saw several examples where students lived up to the challenge to find a way to landing their dream jobs in companies starting with Consulting Companies such as Deloitte, EY, CIAN Analytics, Benchmarking Six Sigma to the FMCG Majors and Retail such as Marico, ITC Ltd, Reckitt Benckiser Plc, Café Coffee Day, Colgate, Khimji Ramdas. The season continued to see a steady upswing in high CTC job offers from EdTech Majors with Byju’s (Think & Learn Pvt Ltd), LIDO Learning picking up students. New Sectors Companies included Square Yards, Future Generali, PhonePe, Wedding Wires, Regalo Kitchen. The BFSI Sector covering HDFC Bank, HDFC Ltd, ICICI Bank, IDFC First Bank, Axis Bank, Bandhan Bank made a significant impact on campus with more than 60 offers at Greater Noida and 120+ across NCR. The complete list can be accessed at http://www.iilmgsm.ac.in/about-placements/. This is also testimony to the HR professionals who have extended their working hours to conclude placement processes at IILM as part of their recruitment calendars. We wish to extend gratitude for their support
  • Salaries are an Outcome of the Roles: Salaries have gone up by 20% in several companies while the average salaries in the Top 50 percentile of Job Offers for the graduating batch also went up by 25%. This year also saw a new maximum of 8 international job offers for Team Leadership Roles. Based on the needs of the industry, CDC Team has continued to meet with stakeholders in the industry from August last year until the COVID lockdown stopped us in our tracks in ides of March. IILM spent over 2000+ man-hours in engaging with the companies to review the student resumes and select the best possible jobs for the students.

All this would not be possible without the tireless efforts of placement team, students and faculty mentors who to spend additional several hours guiding the students with the necessary skill sets that will make them industry-ready.

  • Student’s Goals: Placement cell engages the students directly in placement oriented activities that allow them to have a very direct understanding of the requirements in the companies as well as mapping the dream companies from the student’s journey from the first year into the second year post their internship. IILM strong focus on benchmarking its pedagogy with the best B-Schools provides the students with an ambient ecosystem for scaling up their skill sets to the next level.
  • Prepare, Prepare and Prepare: Every dream company on a student journey starts with a plan. At IILM, the placement team engages with the companies around the year through industry sessions from stalwarts in the industry beginning with the orientation course, the industry http://www.iilmgsm.ac.in/event/national-seminar-skills-employment-for-industry-4-0/ ; Principle of Responsible Management (PRME) and several more sessions through placement workshops which provide the building blocks for all students to listen and network with professionals, enhance their grasp of the industry. Students are also part of several club activities including a vibrant Student Committee on Placements (SCOP 2020) which worked with placement manager and placement heads to bring hundreds of job profiles that bring joy to the eyes of the students who believe they can be part of the India growth story.

IILM is a microcosm of One India covering the 18 states and over the last two years that the students have spent on campus preparing themselves for the job roles, we are more than happy to have been able to connect students with a company that becomes their new launchpad for their long career road map ahead.

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How IILM Turns Uncut Stones into Shining Diamonds

How IILM Turns Uncut Stones into Shining Diamonds – An Alumni Story by Firdaus Shadab Alam of Deloitte India

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One year after graduating with honors and a boring B.com degree had me thinking life has me beat. Been there? Good, now let’s talk about how it all changes.

My desperate attempt to find a job, any job had me going down a rabbit hole of researching for MBA colleges. At first glance, they all looked the same to me. I could not differentiate one from another. I sat for many interviews but once I visited IILM I knew this is where I’m going to study. To call it a college with a big heart is an understatement. This is a family, one where every second faculty member cares just as much about your future as your immediate family. So, me and my sister packed our bags, bid the city of Joy adieu and proceeded to live in the campus hostel for what I can without doubt call the best 2 years of my life.

While I did not have any specific expectations as a newbie but having previously done my graduation in Accounting, my main motivation was to pursue finance and get placed in a reputed accounting firm. My teachers did me one better and suggested I get a dual major in Finance and marketing. I only wanted to be an accountant but from learning economics to finance to big data science I now work in the Innovation team in Deloitte. A few years ago, if someone told me I would be working in such an offbeat and dynamic role I never would have believed it.

From early morning classes, to running around campus for assignments, and late-night study sessions to the interesting competitions, corporate exposure & continuous interaction with the corporates- there is never a dull moment on campus.The course is rigorously planned, giving each student the ambient condition and many opportunities to explore their full potential and polish their leadership skills. The days sometimes seem endless, coffee tends to become a constant ally to navigate through the myriad of projects, role plays, case discussions & group assignments. I often played table tennis with my peers to lighten the mood after a hectic day.

Unlike other colleges I saw most of my batchmates getting their dream job. From summer internships to final placement the CDC team has you covered. I did my internship at WNS Global Services Private Limited as I wanted to learn more about research and how one can transform it into a career.

On one hand I had the finance professor (Mr. Raju Majumdar) teaching us how to formulate a strategy or correctly analyze a balance sheet and on the other you have (Mr. Rajkishan Nair) teaching you the importance of self-awareness and moral judgement, in our post-modern world it is very important to understand what moves the world and how asking the fundamental questions will keep you on top of your game every single day.I thank each teacher who taught me so well that I graduated and was awarded the Gold Medal, from learning how to negotiate with absolute certainty, to remembering each word written by Philip Kotler to understanding why Big data is the next big gold mine. The faculty here will teach you everything and more. And most importantly they will do it with grace and patience. 

IILM for me was not only about the monetary return on investment. It has other non-monetary benefits added to the package which seems to lack in the average rung Indian B-schools. It has its own brand and its own value. They teach you hard skills such as marketing operations, economics and so on and soft skills such as teamwork, communication and leadership. Most importantly, it helps you establish the valuable ‘network’ and ‘contacts’ and you are left with more than just a degree. Everyone you network with during the period— fellow students, alumni, faculty staff, and visiting speakers — will prove invaluable when it comes to seeking out a high-profile internship and, eventually, a job.

Firduas Shadab Alam

Innovation Team at  Deloitte India

Alumnus- Batch (16-18)

Apply now for global education at IILM. Visit www.iilm.edu

 

The Beautiful Road Ahead – IILM, School of Management

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Just out of school, a student enters a life, less cocooned, more puzzling, and challenging full of promises and heartbreaks. Parents also anxiously want their children to be on the right track of a steady career growth that promises a secure future. Wise decisions taken at this stage by the student and parents about the choice of course and institution will ensure good learning and focused career growth that is both rewarding and fulfilling. A beautiful road ahead is possible if one plans and decides well. Who wants a rickety ride in the graduation years?

In the market that is full of enticing offers and promises for a beautiful road ahead in education right after school, IILM, a top-ranking institute, is a name of trust running the helm of top-class education for decades. It has a unique reputation of welcome and warm ambiance with student-centric education that is in line with the demands of the market. One can see the wonderful reviews of students and parents on the internet about the quality education being offered in echelons of IILM. IILM has three imposing campuses in Delhi NCR, namely in Lodhi Road, Gurugram, and Greater Noida. IILM University, in Gurugram, offers several graduate and undergraduate courses in Management, Law, Psychology, Design, etc. apart from its rigorous Ph.D. program in different streams. All the departments boast of high-profile faculty and management, having an illustrious experience in their fields.

The School of Management

IILM University is nestled right in the heart of Gurgaon on the glistening Golf Course Road. The School of Management is one of its oldest and prestigious departments. The well-guarded campus housing the School has beautiful green manicured and well-tended gardens and lawns full of trees of mogra and pansy buds striking a contrast amidst the concrete and glass jungle of the Golf Course Road. One can see students sitting in the gardens with their laptops studying in the natural peace of nature or busy playing basketball/volleyball on the courts. Everywhere you see students, busy, happy, and secure.

The school of Management offers different undergraduate and post-graduate degrees and diplomas in varied streams of Management, Marketing, Human Resource, Entrepreneurship, Insurance, and Risk, etc. A well-equipped library that is regularly updated does not leave much for asking in terms of knowledge resources. The School of Management also aims and delivers 100% placements to the students in companies like Toyota, L’Oreal, HDFC Bank, Gartner, etc.

Faculty

‘No one should teach who is not in love with teaching.’ Margaret E. Sangster

Indeed, at the School of Management, the teachers are in love with their profession. The faculty is well-read and industrious in their efforts to impart impactful classroom teaching to the students. Many teachers have rich industry experience behind them and have research papers published in top research publications. The teaching sessions involve students and teachers in active, engrossing discussion of insights and wisdom. Case studies and role-plays, debates, quizzes, projects keep the students alert in the learning drill for a competitive future. Faculty is also deeply involved in continuous mentoring of students even after classroom sessions and students are active participants in organizing conferences, events, annual fairs, and social outreach programs.

Student life

‘The secret in education lies in respecting the student.’ Ralph Waldo Emerson

 

Student-centric education is the mantra at the School of Management. Students are involved everywhere, be it classroom, conferences, placements, etc. from day one at the school, the student feels part of the IILM family that builds his sense of responsibility and deliverance. The activities and clubs, like Marketing Club, Finance Club, Entrepreneurship Club, etc., keep the students busy in the learning mode. Yearly life skills training rendezvous to Jim Corbett Park help to relax the freshers and help them connect with their new friends and faculty and developing in the team spirit. Industrial visits and industry connect meetings and seminars help students gain exposure to the market they are readying up for. Students also participate in various competitions and social work programs with equal interest. long hours are also spent in the peaceful library. The hostel available for students is safe, secure, and hygienic. The management of the School is very cordial with the welfare and development of the student of topmost priority for them.

Good Decision

Choosing IILM University, School of Management is a wise decision to invest in a wonderful future in the business world. The teaching pedagogy is world-class and placements assured. Great global exposure is a value add with a number of student exchange programs and international visits. Guest lectures from the best in the industry help students get attuned to industry practices. They also become socially aware and responsible citizens. And of course, the beautiful green shaded campus is a big bonus.

The graduate years must be the best as they do involve the precious youth of a person’s life. A good institution will make focus on the future clear and be the mantle of guidance and support for the students. School of Management, IILM University, offers just that with passion and commitment. Students can get in touch with the IILM University admissions team on the university website and will be guided in the admission process and assisted with any queries. As the seats are limited in various programs offered by the School of Management, it will wise to submit applications as soon as possible.

So, for the prospects out there, make the right choice. Visit iilm.edu.in now to apply.

Surely, a beautiful road lies ahead!

Myths about Green Economy: Busted

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Greenery calms down our eyes and mind. It symbolizes life, freshness, nature, harmony, energy, and fertility. The world is facing serious challenges in environmental front. To motivate people to stop contaminating the environment, Environmentalist, and environmental enthusiasts are using “Green” concepts everywhere. At IILM with a blend of management and engineering, we create Eco friendly surroundings. Same concept is used for green economy.

“An economy is the production and consumption of goods and services and flow of money. Then what is Green Economy? Is Green economy all about planting trees in the world? Let us make it short and simple by explaining Green Economy. Green Economy stands for accelerating economic activities and infrastructure that are helpful in low carbon emission, increase energy conservation, and efficient use of resources.

There are certain myths about green economy, which you will also relay on-

  • Every business around is polluting environment. Agricultural waste makes Delhi’s atmosphere  suffocating every year, chemical fertilizers contaminating underground water. Agriculture a major sector in green economy is polluting our country. Therefore, green economy is just a concept for books.
  • Everything around is driven by fossil fuel. Electricity for metro trains generated from the thermal power plants using coal. In actual we are not conserving the environment. Environmental protection, social benefits and profit making cannot go together. Again, green economy is a myth.
  • Green economy cannot grow like fossil fuel based economy. This economic model will not get acceptability of citizens. So it is a myth.
  • Shifting economy from fossil fuel to other energy sources may result in job loss. Governments won’t be able to afford this, so it’s a myth.

Let us burst the Myths about Green Economy

#Myth-1 Industry transformation in Green Economy

Businesses will get transformed into green economy. Present MSME like renewable energy, sustainable transportation, waste management, green residential areas, water management, land management, fisheries, agriculture, forestry, etc. will work on large scale. There are certain areas in the business that yet to be explored. Organic farming can make agriculture non polluting, healthy and profitable.

#Myth-2 Environmental protection, Social benefits, and profit making cannot go together

  1. J. Kurian of Amul, Shri Mahila Grh Udyog and several other Indian examples has proven that social benefit and profit making can go together. Both of them uplifted the people financially. Government of Gujarat has introduced a project of installing solar panels on 19000 Km long network of canals of Narmada River. Hence, above myth has been proven wrong

#Myth-3 Growth of Green Economy is perceive slow

Renewable energy and recycling can be the key drivers to foster green economy. Availability of energy and raw material economically is the need of industry. Renewable energy is an economic and sustainable source of energy and recycling can provide cheaper raw material. India’s 55% of energy requirement will be covered by renewable energy sources by 2030, if this sector will grow at the same pace.

#Myth-4 Career and Job Opportunities are limited

Whenever technology shifts, it affects the job market, and existing jobs transform. India’s top business schools are carving our future managers and technocrats to work in present environment and cope up with future challenges. Research will play a key role for every student.

At IILM College of Engineering, Department of Biotechnology trains students in hydroponic technology, vermin compost, bio compost etc. Our Alumnus and existing students are working with reputed brands at renewable energy sector. Civil engineers at IILM are developing methods of using non-degradable plastic in construction. This will change the future construction techniques and minimize pollution.

Coming to the end of discussion, I would like to support  Green Economy as- industries can easily shift to renewable energy sources, Green economy will grow at the same pace like fossil fuel based on our  economy there will be no dearth of career opportunities. Green economy will contribute in better health of citizens. Citizens can start practicing basic  fundamentals of green economy by using solar power, compost in kitchen gardens which are  very beneficial in  conserving energy.

For more information on green economy related readings follow my blogs on IILM Blog site https://blog.iilm.edu or write to me at ashutosh.singh@iilmgsm.ac.in

Psychology and Your Future in India

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Introduction

Today’s disruptive changes have made Psychology one of the most sought-after careers. The demand and supply chain in Psychology will help overcome obstacles in personal and professional lives in the future. Our fast-paced lives, demanding jobs and complicated family dynamics are making mental health a prime issue of survival in the 21st century.

Countries across the globe are looking at making mental health equally imperative and vital as physical health. Therefore, the role of psychologists in future will become as crucial as our medical workers. Simply put, we may take medicine for any physiological ailment, but what about societal, global pressures coupled with tragedies? There is no known medicine to handle all that, hence Psychology becomes crucial as a subject to be pursued.

Psychology as a subject and its specializations

Psychology has been an undercurrent in any field offering a myriad of opportunities. IILM University, which is considered one of the best colleges in Delhi/NCR for Psychology provides components of the following in the course as fusion in undergraduate as well as specialization in masters.

Clinical Psychology: Anyone who has been a student of Psychology has been amazed by abnormal psychology and at least once aspired to become a clinical Psychologist. Facets such as diagnosis, understanding and management of disorders while working in hospitals, rehabilitation centres come under this. Given the emotional pressures people go through, the demand for good clinical psychologists is expected to rise. We hear and see many celebrities openly discussing their mental health and concerns. This trend has increased awareness and acceptance towards disorders and with time the need for experts in clinical psychology is only expected to grow.

Counselling Psychology: Counselling is like a second skin to any Psychologist as it deals with facing day-to-day scenarios and its management. Counselling being a broader term branch into career guidance, marital and academic. Counselling Psychologists are seen working in private set-ups, career centres, schools, NGOs and organizations. Today, it is required across all walks of life, and the need for it will only continue to grow. At IILM, we invite guest lectures as well as electives in CBT/REBT for Psychology students.

Organizational/Industrial Psychology: Psychologists in this field focus on workplace issues at the individual, group and organizational levels to enhance the productivity of the employees and ultimately the organization. As more and more MNC’s are paying attention to the mental health of their employees, Psychologists with I/OB specialization are working in HR as consultants/managers and are assessing emotional, social intelligence and performance in the employees.

Developmental/Child Psychology: This field works with lifetime development of human beings focusing on psychomotor, cognitive, as well as emotional development from early years. Popularly known as Child Psychologists they work mainly with children in therapy centres, schools, paediatric setups, NGO’s with close association with special educators and psychiatrists.

Sports Psychology: This is a fairly new branch that works with athletes’ physical and cognitive performance along with coaches, nutritionists as well as physiotherapists. Sports Psychologists endeavours to help sports teams to increase performance and motivation of sportsmen. India being a sports passionate country, this field has a lot of scope as a career.

Forensic Psychology: This branch deals with legal and judicial systems and is closely related to criminology. At IILM we help B.A students, enhance their understanding of laws in India while offering Law as an elective course.

Military Psychology: This is yet another contemporary branch of specialization dealing with military personnel and their families. Concerns such as depression, anxiety, grief as well as stress-related issues are taken care of by evaluations and treatment of mental and emotional disorders along with counselling. Psychologists are routinely hired in forces and are doing extensive research and policy-related work.

How to pursue Psychology as a budding career?

In India, we can pursue Psychology from graduation level (Psychology as a subject in Class XI & XII is preferred) and then pursue a B.A. / B.Sc. programme in Psychology. Master’s programme in Psychology is mandatory for seeking a career as a Counsellor as well as to apply for a job. M.Phil. is important to practice as a clinical psychologist and may accompany it with diploma courses in any therapeutic work (cognitive behaviour, rational emotive, career guidance, etc.) IILM University offers BA (Hons) as well as MA Psychology with specialization in counselling and organization behaviour.

Conclusion

Psychology as science finds applications in all walks of life. Psychology presents immense career options in the present times and will hold promising opportunities in the future as well.

“The best way to predict your future is to create it”

Abraham Lincoln

Top business school in india

9 Tips to Write a Great Literature Review

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Students from business schools and MBA aspirants around the world are keen to join the internship. Having an Internship is not enough, documentation of work is also necessary. Internship Research Report is a document that tells what you did during your internship and your productive approach towards the process. An intern needs to create the report carefully. The purpose of a literature review is to make the foundation of any report strong enough. You can define research as a criminal investigation, where you need to prove and justify your approach with tools of research.
A literature review is a process of appraising the studies conducted till date on a specific topic. Let us take an example of an intern working for the recruitment of an organization where their job is to analyze the recruitment process of an organization before hiring. Now during their analysis, it’s important for the intern to check how past researchers studied the recruitment process. What were the benefits of the processes they followed? Which strategy helped them understand the job requirements and better assessment of the candidates? This detailed review of the literature would help the intern to work on the current organizational recruitment process and forecast changes if necessary.

While reviewing various sources it is very important that students and researchers look into the following areas of the literature that they wish to review-

  1. Methodology – Awareness of methodology, and analysis instruments are necessary for the researcher to get familiar with the way research conducted by researchers. It further guides that research is going in the right direction or not.
  2. Research Problem – It gives clarity to the problem being address in the research. The Researcher can compare and contrast the findings of prior researches conducted.
  3. Research Gap – Research gap is the missing piece of the puzzle. It’s an area not yet explored by researchers. An example, the number of physically disabled candidates applying for IT jobs and the number of selection of such candidates. Systematic literature reviews help to identify the research gap. If you would be able to cover such a research gap your report will be worthy of the industry.
  4. Writer’s skills – A well-written literature review gives an insight into critical thinking and writing abilities to the audience.
  5. Limiting researcher’s biases – Human decisions are always affected by psychological biases. Prior research review direct researcher towards an unbiased view.

Writing a literature review is an art. There are certain guidelines that make Review of Literature stronger for any Research-

  1. Define The Problem Statement – It’s a herculean task to create the objectives or problem of research. Being a student of a business school, you can consult your mentor or project guide. It must not be too narrow or too wide as prior researches are available. A wide problem statement makes the research tuff to be justified and analyze.
  2. Locating the Literature Survey – Online resources like google scholar, Microsoft Academic, Base, Core, Semantic Scholar, ERIC database, and many more can help you to locate and review the related literature. A proper citation must be there in the report.
  3. Analysis of Literature – While analyzing literature you need to consider (a) the objective of the study, (b) statistical or analytical techniques used to analyse the literature, (c) result or conclusion of the research made.
  4. Structure a literature review – The chapter must start with an introduction that will define why the topic picked, trends of research. Contribution of researchers in the area, and in the end conclusion explains the gap which you wish to fill and further opportunities of the future studies in the area.

With all this extensive information on how to Review the Literature in Research Projects many educationists, students and professionals have benefitted. Giving it away forward we at IILM University help students at every step in their internships where they work on Research Projects and Proposals. This process might sound rigorous initially but once our students master the basics about Research it opens wide horizons of Creativity, growth & Innovation for them. It gives them a professional edge while being a student they get exposure to learning things the right way.
There is a lot that goes into Research. A true Researcher Lives his Research every moment. Note that during your placement interviews maximum questions are Project-based where your research skills and your dissertation report speak a lot about your analytical skills. Cracking your interviews with critical research gives you an edge over other students. Only a few Universities stress on a Strong Research Foundation and IILM being one benchmarks its Research Teachings on many platforms
Does it end here? No. We keep learning our entire life but to learn it is necessary to read and practice. Keep reading and exploring to uncover the deeper insights about the great findings and researches being done every moment.

For research related guidance, follow my blogs here or write to me at ashutosh.singh@iilmgsm.ac.in

Dancing Market: Optimism or Insanity?

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In the era of COVID-19 when WHO has declared it as a pandemic. India is under the lockdown for more than sixty days like all other nations in the world. All the economic activities were shuttered down till lockdown 3.0. The future outlook for the Indian economy is not pleasant. Analysts are expecting negative growth for Financial Year 2021. Almost all medium and small-scale businesses are in crisis. Most of them have shut their shops and laid off their employees. Big business houses have announced a salary cut for their employees. For April, the Auto industry first time have observed zero production output. The unemployment rate is at an all-time high. Scores of migrant laborers have moved back to their native places.

In this gloomy scenario across the nation stock market is dancing like anything. Though, it is not at the record height as it was during February but it is not that bad either. Eventually, soon after the announcement of the lockdown market slumped to almost half but this state did not last long. At present, the market is hovering around the level of 2017 which under the present circumstances is quite amazing.

Barometer of Economy?

It is time to evaluate the phrase ‘SENSEX is the barometer of Indian Economy‘. Is it a barometer to gauge the economic activities anymore? The stock market is considered a leading indicator of the economy. It was believed that there is a high correlation exist between the stock market and economy but this correlation does persist?

Fool’s Paradise!

Though the stock market is not a true representative of the economy nowadays it seems like the market has divorced the economy especially to all whatever is happening around us; whatever is the reality of economic activities. The stock market is not showing any concern to the more than fifty-nine lacs corona positive cases around the world and more than forty-seven hundred deaths in India. Stock market and particularly investors are living in paradise.

Future Outlook

There are various explanations for this insane behavior of stock investors. First and foremost, the explanation is that stock prices are always based on the future outlook, not the present. Present stock prices are the discounted cash flows expected from stock in the future. So, the present stock prices reflect that investors believe that economy will have a speedy recovery shortly.

Expectations from Government

Investor’s expectation of a substantially large stimulus package from the government went in vain. Investors have a strong feeling that the government will be able to overcome all difficulties in the economic front. The historic decision of reducing the corporate tax rates and conceptualizing the idea of ‘Atmanirbhar Bharat’ is giving hope to the investors.

The central government, as well as Reserve Bank, has already taken measures in terms of various fiscal and monetary policies to infuse the liquidity in the system. The financial year which generally ends on March 31 has been extended till June 30 exhibits commitment of government toward economic measures. Investors are betting on such strong interventions of government to boost the profitability of corporate houses in the future. The first year of NDA 2.0 is rated positively by various analysts which is enough to boost the confidence of investors.

Investment Options

Even more, now investors have not left with more options to invest as the prevailing interest rate on government bonds and all small saving schemes have been reduced. If we adjust the returns from these schemes with inflation, we will get negative returns for almost all investment products. So, the stock market is the only option left for investors to park their excess money with.

Optimism for Vaccine

Stock investors are at present feeling more optimistic about the future than the doctors and scientists who are working on the development of a cure for the Corona virus. Investors are expecting that soon enough a vaccine for the same will be discovered on which the whole world is working.

Black-box Theory

Another theory argues that all investors are operating as a black-box process. No one knows about the future of investments or till when this pandemic end and the road to normality be back. It is just the mere expectations which are leading the market at present. Investors are also active because they fear being left behind. New investors are considering this time as an opportunity to enter into the market at this level which may not come around again.

Parallel with Lehman Crisis

If we draw a parallel between the current crisis with the financial crisis of 2009, we get a hint from there also about this euphoria in the market. In November 2009 when the future of economies was pathetic even then the stock market across the world was mostly up by more than 50 percent from the past year while the economies were only growing by 1 percent for that particular one-year period. People were investing based on their expectations not based on ground reality. So, again history is repeating itself in the market.

Advice for Novice Investors

It can be inferred that expectation of the majority is driving the market than reality. Investors are not acting insane rather they have optimist future outlook. For investors, market timing is really important. For a novice investor, it is time to get into the market with a long horizon. If you have missed the wagon in 2017 then prices are again around that level. ‘Buy with caution’ is the mantra for success.

At IILM, students are being prepared to analyse the economic situation and to identify the trend for investments to be successful. We conduct live trading sessions for better understanding of the same. For more information on stock market one can approach at kumar.saurabh@iilmgsm.ac.in.