Saturday 24 May 2014

GRE - Updates

70% rise in Indian students writing GRE in 2012-13
 
The number of Indian students writing the GRE in 2012-13 went up by 70 per cent, stated a report by the Education Testing Service (ETS), which conducts the GRE. In 2011-12, 33,504 students wrote the GRE, while that number shot up to 56,782 in 2012-13

The total number of candidates who wrote the GRE in 2013-14 has gone up by as much as 38 per cent globally. The number of Indian students the test in the current year is yet to be released.
However, the trend clearly indicates that many students are now opting to take the GRE for studying abroad.

SBI Clerical Notification 2014

STATE BANK OF INDIA

CENTRAL RECRUITMENT & PROMOTION DEPARTMENT


RECRUITMENT OF ASSISTANTS IN CLERICAL CADRE IN STATE BANK OF INDIA


ONLINE REGISTRATION OF APPLICATION : 26.05.2014 to 14.06.2014

PAYMENT OF FEES - ONLINE : 26.05.2014 to 14.06.2014

PAYMENT OF FEES - OFFLINE : 28.05.2014 to 17.06.2014

For more details see the complete notification click on Bank PO Tab

Wednesday 21 May 2014

Seminar by Maastricht University

Dear All,

We have Maastricht University coming to meet our students taking GMAT and GRE classes. They would like to meet these students to explain the courses available with the university, application criteria and profile evaluation. This is one of the most prestigious university in Netherlands and is ranked in Top 50 across. Please call and inform your GMAT and GRE students to attend this workshop. You can inform the non-enrolled students as well. 

Schedule - 

24th May - Seminar for GMAT students from 5PM to 6PM at Koramangala
31st May - Seminar for GRE students from 5PM to 6PM at Jayanagar

This event is organised by IMS Bangalore.

Please see some information about the university mentioned below - 

Our profile
Maastricht University (UM), the most international university in the Netherlands, stands out for its innovative approach to learning and international outlook. With almost 16,000 students and 4,000 staff, UM offers a wide choice of academic programmes, all of which are designed to bring out the best in its students.

European and international while maintaining ties to the region
UM can easily call itself the most international university in the Netherlands, almost 45% of our students and more than 30% of our teaching staff come from abroad. Most of our programmes are taught in English and European and international themes are deeply rooted in research and education. That creates an international atmosphere that's attractive to Dutch as well as international students and employees.

Source:


International rankings 

Times Higher Education (THE) World University Rankings
According to the Times Higher Education (THE) World University rankings, Maastricht University is one of the top 100 universities worldwide. In the 2013/2014 edition of the THE rankings, UM has broken into the top 100, rising from 115th to 98th place.

Times Higher Education World University Rankings' Clinical, Pre-Clinical and Health Universities
UM has made a new entry into the Top 50 Clinical, Pre-Clinical and Health Universities 2012-2013, ranked 49th.

THE Top 100 Most International Universities in the World
UM ranks 15th in the Times Higher Education Top 100 Most International Universities in the World.

High scores in ‘under 50’ rankings
In two prestigious rankings that list the best universities worldwide under the age of 50, UM scores very high grades. In the 2014 edition of Times Higher Education 100 under 50, UM maintains its 6th

Financial Times
In 2013, Maastricht University's master's programme in International Business is ranked 41, being in the top 50 of the best business programmes in the world


QS World University Rankings
In the World University Rankings 2013, Maastricht University is ranked 121th. The Medicine programme is in the top 20 in the European clinical medicine ranking.

Regards,
Team IMS Bangalore

The job scene International MBA - GMAC survey

Dear All,

GMAC has released its annual employer survey on May 18, 2014. The survey group included 565 employers from 44 countries was conducted by the Graduate Management Admission Council, which administers the GMAT exam. The job market research, including 32 of the top 100 companies in the FT 500 and 36 of the Fortune 100, was conducted in February and March. The survey shows that worldwide more companies plan to hire MBAs and other business school graduates in 2014.  Key takeaways from the survey include:

·         80% of business school recruiters plan to employ MBAs in 2014, up seven percentage points from last year and 30 percentage points higher than 2009 (the heart of the economic crisis)
·         86% of U.S. employers said they plan to hire MBAs in 2014, up from an already high 81% last year - Hiring companies also expect to pay median starting salaries of $95,000 for MBAs in the U.S. About 45%  of the hiring companies will increase base pay to MBA’s this year. Some 27% of the responding companies said they plan to increase base pay at the rate of inflation, while another 18% expect to increase starting pay at levels above the inflation rate.
·         Hiring demand for this year’s crop of MBA graduates, moreover, has increased in every single industry, from consulting and finance to health care and technology.
·         The biggest year-over-year increases appear to be in consulting, where 84% of employers plan to hire MBAs, up 13 percentage points from 71% last year.
·         For healthcare and pharma , 90% of the companies expect to hire MBA grads this year, up 19 percentage points from 81% in 2013.
·         Finance and accounting appears to be in a strong rebound. Some 82% of employers in finance and accounting expect to hire MBAs in 2014, up six percentage points from 76% in 2012. 
·         In the technology sector 74% of the firms plan to hire, as compared to 73% last year.
·         The area of the world with the greatest growth rates in hiring business school graduates this year is Asia Pacific - some 83% of responding companies in Asia Pacific plan to hire MBAs this year, up from only 70% in 2013.
·         Some 68% of Asian Pacific employers expect to hire Masters in Management grads, up from 52% last year. 
·         62% of companies in the Asia Pacific said they plan to increase base salaries for MBA hires this year.  In contrast to the $95K median in the U.S., GMAC said the median base MBA salary for this region of the world is expected to be $21,340, a result of much lower per capita income in India and the Philippines where a major of the responding companies were located. Per capital income in India is $4,307 and in the Philippines it is $4,962.
·         In Europe, it’s also a positive story. Some 61% of companies–much lower than the 86% in the U.S.–expect to hire MBAs this year. But that percentage is far healthier than last year’s 52% level. MBA graduates in Europe this year can expect median starting base salaries of $69,000. The expected median MBA salary reported by employers located in the 13 countries of Western Europe is $83,000. The majority of European companies (64%) told GMAC they plan to maintain their MBA pay in 2014 with last year’s salary levels.
·         Finally many of the big, mainstream employers of MBA graduates, ranging from McKinsey, Bain and Boston Consulting Group to Goldman Sachs, Morgan Stanley, Google and Amazon, have stated that they are looking at hiring  international graduates of the highly ranked business schools.

British Council GREAT Scholarship - GMAT Students

Dear All,

British Council has announced 370 Scholarships worth Rs.100 million (approx 1 million British Pounds) in partnership with 36 UK Universities to encourage more Indian students to study in UK.

Please check the link below.

http://www.britishcouncil.in/study-uk/british-council-announces-scholarships-worth-inr-100-million

For more details click on GMAT - myPage Tab on IMS Bangalore Blogspot page.

Sunday 18 May 2014

Vocab Dose - III

Sherlock Holmes's The Book of Life

From a drop of water, a logician could infer the possibility of an Atlantic or a Niagara without having seen or heard of one or the other. So all life is a great chain, the nature of which is known whenever we are shown a single link of it. Like all other arts, the Science of Deduction and Analysis is one which can only be acquired by long and patient study, nor is life long enough to allow any mortal to attain the highest possible perfection in it. Before turning to those moral and mental aspects of the matter which present the greatest difficulties, let the enquirer begin by mastering more elementary problems. Let him, on meeting a fellow-mortal, learn at a glance to distinguish the history of the man, and the trade or profession to which he belongs. Puerile as such an exercise may seem, it sharpens the faculties of observation, and teaches one where to look and what to look for. By a man’s finger nails, by his coat-sleeve, by his boot, by his trouser knees, by the callosities of his forefinger and thumb, by his expression, by his shirt cuffs — by each of these things a man’s calling is plainly revealed. That all united should fail to enlighten the competent enquirer in any case is almost inconceivable.
An excerpt from Arthur Conan Doyle's A Study in Scarlet
MATCH THE WORDS WITH THEIR MEANINGS
  1. Infer – (in-fur) (v)
  2. Deduction – (dih-duhk-shuhn) (n)
  3. Acquired – (uh-kwahyuhrd) (v)
  4. Attain – (uh-teyn) (v)
  5. Mastering – (mah-ster-ing)  (participle)
  6. Elementary – (el-uh-men-tree) (adj)
  7. Distinguish – (dih-sting-gwish) (v)
  8. Trade – (treyd) (n)
  9. Puerile – (pyoo-uh-rahyl) (adj)
10. Faculties – (fak-uhl-teez) (n)
11. Callosities – (kuh-los-i-teez) (n)
12. Calling – (kaw-ling) (n)
13. Enlighten – (en-lahyt-n) (v)
14. Inconceivable – (in-kuhn-see-vuh-buhl) (adj)
a.   succeed in achieving (something that one has worked for)
b.   of the most basic kind
c.   manage to discern (something barely perceptible
d.   childishly silly and immature
e.   a profession or occupation
f.   give greater knowledge and understanding about a subject or situation
g.   not capable of being imagined or grasped mentally; unbelievable
h.   the inference of particular instances by reference to a general law or principle
i.   thickened and hardened parts of the skin; callus
j.   conclude (something) from evidence and reasoning rather than from explicit statements
k.   acquiring complete knowledge or skill in (a subject, technique, or art)
l.   any occupation pursued as a business or livelihood
m.   an inherent mental or physical power
n.   learnt or developed (a skill, habit, or quality)

Answers

1. j 2. h 3. n 4. a 5. k
6. b 7. c 8. l 9. d 10. m
11. i 12. e 13. f 14. g

Thursday 15 May 2014

Good News For MBA Grads in e-Commerce Sector


MBA grads excited by growing e-commerce sector

The relatively fledgling e-commerce sector in India has become the second most sought after sector after the FMCG industry among MBA students in India. According to a survey by Nielsen shared with The Times of India, a quarter of MBA students across business schools in India have indicated that they would prefer to work with e-commerce companies.
The sector has been doing well with a lot funds being pumped into the companies, especially with the growing popularity of online shopping. Major e-commerce companies such as Flipkart and Amazon have been among the top recruiters in B-schools across India in recent years.
Major e-commerce companies in India
  • Flipkart
  • Amazon
  • Jabong
  • Bookmyshow
  • MakeMyTrip


Rise in opportunities for management students in online retail
Out of 108 students interning at Flipkart this year, 60 are from business schools across India. Three other management interns are from international institutes – Leeds University in London, IE Business School in Spain and HAS University in Netherlands. According to Flipkart, a large number of these 63 interns will be given pre-placement offers (PPOs).
The Indian management students are from various business schools in India, including the IIMs, FMS, SP Jain, MDI, IIFT, NITIE, etc.

IBPS CWE - PO / Clerks / RRB / SO Calendar (Tentative) 2014-15

Institute of Banking Personnel Selection Notification Calendar of CWE- RRBs 2014-15 (Tentative)

The online examinations for CWE RRB-III are tentatively scheduled to be held as follows :
06.09.2014, 07.09.2014, 13.09.2014, 14.09.2014, 20.09.2014, 21.09.2014 & 27.09.2014
The examination may be held on some/ all/ additional dates. The dates are tentative and may be
subject to change for administrative reasons. Detailed Notification will be issued in due course.
15.05.2014 Director
IBPS
Institute of Banking Personnel Selection Notification
Calendar of CWEs (Tentative)
The online examinations for CWE IV for recruitment in Participating Organisations (for vacancies of
2015-16) are scheduled to be held as follows :

Sr. No. Cadre Tentative Dates
1 CWE PO/MT-IV 11.10.2014
12.10.2014
18.10.2014
19.10.2014
01.11.2014
02.11.2014
2 CWE CLERKS-IV 06.12.2014
07.12.2014
13.12.2014
14.12.2014
20.12.2014
21.12.2014
27.12.2014
3 CWE SPECIALIST-IV 14.02.2015
15.02.2015
21.02.2015
The examination may be held on some/ all/ additional dates. The dates are tentative and may be
subject to change for administrative reasons. Detailed Notification will be issued in due course.
15.05.2014 Director
IBPS

Vocab Dose - 2

The boon of the neurotic

In today's era of exquisite confusion - political, economic and otherwise - the neurotic would be a welcome guest, nervous company for nervous days, always ready to provide doses of that most potent vaccine against gloominess: wisecracking, urbane gloominess. Some of the reasons that “neurotic” has fallen out of colloquial usage are obvious. Freudian analysis lost its hold on the common consciousness, as well as in psychiatry, and some of Freud’s language lost its power. And scientists working to define mental disorders began to slice neurosis into ever finer pieces, like panic disorder, social anxiety and obsessive-compulsive disorder - all evocative terms that percolated into common usage, not to mention into online user groups, rock lyrics and TV shows. In 1994, the Diagnostic and Statistical Manual, psychiatry's encyclopaedia of mental disorders, officially dropped the word neurosis from the book. “The DSM is the lingua franca of psychiatry, and given what we know today the term feels old-fashioned and quaint,” said Dr. Michael First, a former editor of the manual. “With the general decline of value of Freud in our society, it is ultimately anachronistic.”
MATCH THE WORDS WITH THEIR MEANINGS
  1. Era – (eer-uh) (n)
  2. Exquisite – (ek-skwiz-it) (adj)
  3. Neurotic – (nyoo-rot-ik) (n)
  4. Company – (kuhm-puh-nee) (n)
  5. Potent – (poht-nt) (adj)
  6. Gloominess – (gloo-mee-ness) (n)
  7. Wisecracking – (wahyz-krak-ing) (adj)
  8. Urbane – (ur-beyn) (adj)
  9. Colloquial – (kuh-loh-kwee-uhl) (adj)
10. Freudian – (froi-dee-uhn) (adj)
11. Hold – (hohld) (n)
12. Psychiatry – (sahy-kahy-uh-tree) (n)
13. Slice – (slahys) (v)
14. Finer – (fahy-ner) (adj)
15. Percolated – (pur-kuh-leyt-ed) (v)
16. Lingua franca – (ling-gwuh  frang-kuh) (n)
17. Quaint – (kweynt) (adj)
18. Anachronistic – (uh-nak-ruh-nis-tik) (adj)
a. the study and treatment of mental illness, emotional disturbance, and abnormal behaviour
b. an act or manner of grasping something; a grip
c. having the polish and suavity regarded as characteristic of sophisticated social life in major cities
d. a witty remark or joke
e. cut into pieces
f. a language that is adopted as a common language between speakers whose native languages are different.
g. intensely felt, intense
h. spread gradually through an area or group of people, absorbed
i. a person, people or thing regarded as pleasant (or unpleasant) to be with
j. smaller, more delicate
k. sadness, dejection or melancholy
l. attractively unusual or old-fashioned
m. belonging or appropriate to a period other than that in which it exists, especially a thing that is conspicuously old-fashioned
n. a long and distinct period of history
p. used in ordinary or familiar conversation; not formal or literary
q. relating to or influenced by Sigmund Freud (Austrian Psychiatrist 1856-1939) and his methods of psychoanalysis, especially with reference to the importance  of unconscious desires.
r. a person who is abnormally sensitive, obsessive, or anxious
s. having great power, influence, or effect

Answers

1. n 2. g 3. q 4. i 5. r
6. k 7. d 8. c 9. o 10. p
11. b 12. a 13. e 14. j 15. h
16. f 17. l 18. m

Monday 12 May 2014

MBA - Return on your Investment


IIM-A, HEC Paris, et al offer the best
Return on Investment

Which MBA offers the best return on investment?

This is a pertinent question in most students’ mind. The ROI depends on whether you are after a long- or short-term gain. This chart shows the cost of an MBA at selected business schools after taking into account tuition fees and forgone salary. An MBA at Wharton costs $330,000 on average, in part because it enrolls well-paid executives. But the immediate return on such degrees is small. Graduates tend to land jobs just a few notches above the ones they left.
On the other hand, students at HEC make enough extra money upon graduation to pay off their degrees in less than two years. Schools, such as IESE and IMD take in many students from Asia who then secure jobs in the West. Still, in the longer run, Wharton alumni are more likely to top the greasy pole.





From,
The Editor,
Advanc'edge MBA

Time Management

Understanding and Managing Time

David Allenby DAVID ALLEN
You can’t manage time. Time just is. You don’t mismanage five minutes and wind up with four, or six. So what is this thing that has been mislabelled for so many years, and why did it get an inappropriate name? Time management is really managing what we do, during a particular time. But it’s easier for people to say that time is what needs to be managed, rather than themselves. It’s easier to make time the enemy and parade our worthiness (I have so many big, important things to get done), rather than to say “I don’t keep my agreements.”
Time management is really agreement management. At the end of the day, how good you feel about what you did (and what you didn’t do) is proportional to how well you think you kept agreements with yourself. Did you do what you told yourself to do? Did you accomplish what you think should have been accomplished? Wasting time only means that you think you should have been doing something other than what you were doing. Sleep is not a waste of time if you think you need it. Taking a walk instead of rewriting your strategic plan is not a waste of time as long as you think taking a walk is the thing to do at that moment. It’s when you wind up not doing which you agreed to that the trouble begins.
In order to be clear, you must first know what all your agreements are — and there are very few people who have them all defined and contained.
The most basic agreement is to show up at a designated location at a specific time (appointment). The most subtle and sophisticated agreement is to be doing what you think you should be doing with your life (are you fulfilling your purpose, living according to your values?) And there are all kinds of agreements lying in-between. Most people have between forty and one hundred projects, a “project” being defined as something they want to finish that requires more than one action step (get a new car, hire an assistant, take the family skiing, launch the new product line, restructure their board, get a new set of golf clubs, etc). Those projects are driven by ten to fifteen key areas of responsibility in their job (strategic planning, asset management, staff development, liaison with the board, etc) and in their life (health, relationships, career, money, etc). Next, the actions (allocation of personal resources) required to execute all of those commitments — emails to send, phone calls to make, conversations to have, documents to draft, proposals to read — number often in the hundreds.
Caught in the Busy Trap
Recently while coaching a leader, I discovered another level of the busy trap — the syndrome: “If I can just do something that feels like I’m working with focus, I don’t have to deal with the angst about all the other stuff I should be doing.”
Just like in a computer, where the RAM does all the work based on when it is given that work and how big it is, psychic RAM tends to bring to awareness items based on criteria of latest (most recent in time) and loudest (emotionally); unfortunately, unlike a computer, this is hardly the most effective file-and-retrieval system. Similarly, if your system of action reminders are haphazard (post-its on the screen, phone slips on the desk, notes on your chair, people interruptions), your busy energy momentum will glom onto the easiest thing to maintain itself.
Do what you need to do to feel as good as you can about what you’re doing. You can never be busy enough to dispel the need to be busy. “Everything should be made as simple as possible, but not simpler,” said Albert Einstein.
The Levels Of Your Work
Aside from the fact that the volume of what people need to organise is often light years beyond what they imagine, there is much more to getting a grip on your work, with respect to the time on hand, than most realise. Managing the flow of work can be approached from many altitudes, as there are many different levels of defining what your work really is. While we may have some lower levels in control, there are often incomplete and unclear issues at higher levels that need to be addressed. And often there are issues about the nature and volume of work that cannot be resolved viewing it from an inappropriate level. We have roughly categorised work into six levels, or horizons of focus, using an airplane model.
Runway
This is the ground floor — the huge volume of actions and information you currently have to do and organise, including emails, calls, memos, errands, stuff to read, stuff to file, things to talk to staff, etc. If you got no further input in your life, this would likely take you 300-500 hours to finish. Just getting a complete and current inventory of the next actions required at this level is quite a feat.
10,000 Level
This is the inventory of your projects — all the things you have to finish, that take more than one action step to complete. These projects include anything from “look into having a birthday party for Susan” to “buy Acme Brick Co.” Most people have between 30 and 100 of these. If you were to fully and accurately define this list, it would undoubtedly generate many more and different actions than you currently have identified.
20,000 Level
What’s your job? Driving the creation of a lot of your projects are the four to seven major areas of responsibility that you at least implicitly are going to be held accountable to have done well, at the end of some time period, by yourself if not by someone else (e.g. boss.) With a clear and current evaluation of what those areas or responsibility are, and what you are (and are not) doing about them, there are likely new projects to be created, and old ones to be eliminated.
30,000 Level
Where is your job going? What will the role you’re in right now look like 12-18 months from now, based on your goals and on the directions of the changes at that level? We’ve met very few people who are doing only what they were hired to do. These days, job descriptions are about moving targets. You may be personally changing what you’re doing, given personal goals; and the job itself may need to look different, given the shifting nature of the work at the departmental or divisional level. Getting this level clear always creates some new projects and actions.
40,000 Level
The goals and direction of the larger entity within which you operate heavily influence your job and your professional direction. Where is your company going to be, one to three years from now? How will that be affecting the scope and scale of your job, your department, and your division? What external factors (like technology) are influencing the changes? How is the definition and relationship with your customers going to be changing, etc? Thinking at this level invariably surfaces some projects that need to be defined and new action steps to move them forward.
50,000 Level
What is the work you are here to do on the planet, with your life? This is the ultimate bigger picture discussion. Is this the job you want? Is this the lifestyle you want? Are you operating within the context of your real values, etc? From an organisational perspective, this is the Purpose and Vision discussion. Why does it exist? No matter how organised you may get, if you are not spending enough time with your family, health, spiritual life, etc, you will still have “incompletes” to deal with, make decisions about, and have projects and actions about, to get completely clear.
The Threefold Nature of Work
Why do people complain that there’s no time to get their work done? Because there is more work to do than the work they think they have to do.
Many times, people we work with express frustration that they “can’t get any of their work done” because of the overwhelming amount of interruptions, email, and other inputs that show up during the course of a normal day. “I can’t get my work done, because there is so much (other) work to do!”
If you are ever in that frustrated state, it might help to understand the threefold nature of what constitutes your “work.”
You have a choice of doing three very different things when you work — pre-defined work, ad hoc work, and defining your work.
1. Pre-defined Work
This is what you would be doing all day if you’ve got no new input or interruptions of any sort. You would probably be working off the inventory of actions and projects that you came in with — work that you have already determined needs doing. There are the phone calls you need to make, the documents you need to draft, the ideas you need to outline on the project, etc. That list of things to be completed, when you have some discretionary time, would be challenging enough to sift through, given your volume (most professionals have 150-200 of these discrete actions). But what you are very often faced with is the necessity (and opportunity) to do…
2. Work As It Appears
The phone rings. It’s not on your lists or your calendar. But you take the call, nonetheless, and consequently spend twenty minutes talking to a client of yours about a potentially important, or at least an interesting, topic. Before you’re off that call, your boss sends you an instant message to schedule a half-hour meeting in the afternoon to update you on a new development and get your input on it. You acknowledge back “OK” while you’re still talking to the client. For that meeting, though, you know immediately that you are going to need to update two spreadsheets and surf the web about a company that’s been on your radar pertaining to this project, before you walk in. That means do it now, or not eat lunch. In this scenario you are doing the work as it shows up to be done. You are actually defining your work rapidly in this case, and choosing to do the new stuff instead of any of the pre-determined potential activities. Many of us have such days of this nature. We can’t get to anything on our action lists because the ad-hoc nature of the day wound up defining and requiring our total focus, non-stop.
That, added to our inventory of pre-defined work, creates a substantial volume of on-deck options for things to be doing. But then there are emails constantly filling up your in-basket. And meeting notes from last night still on the legal pad on the corner of your desk. And the fourteen voicemails that you keep saving because they mean something you might need to do, but you don’t know exactly what yet. And more voicemails coming in during the day. So, in addition to all the stuff on your lists and all the stuff coming at you during the day that you have to engage with as it shows up, you know there’s still the on-going requirement to be.
3. Defining Work
This is processing and emptying your in-basket, your email, your meeting notes, etc — assessing the new inputs and making decisions about what needs to be done about them. You may do some quick actions as you define them, delegate things to others (to be tracked on your “Waiting For…” list), and you will probably be adding more action items and projects to your inventory of defined work, as you review and think about the meaning of the content of those notes. “Oh yeah, I told Raphael I would call him back about possible times to meet next week…”
This activity of defining work, based upon the constant flow of new incoming information and communication, requires an average of one hour per day, for the typical professional. That’s just to stay current — not to clean up and process any backlog that may have accumulated prior to today.
So what? Everything I have described so far is common sense, or at least a common awareness about the way things really are. Here’s the rub: I have noticed that many people act as if it is some sort of burden to endure, and is some irrelevant activity aside from their work. “I have my list of things to do. Why am I being burdened with things that aren’t on my lists, and why am I now in addition having to deal with all of these emails, voicemails, conversation notes, business cards, receipts, and tons of other inputs coming at me from my outside world?”
I don’t get it. It’s all your work. Some is done when it appears, and some is done when you choose to do it instead of what’s showing up. And processing input is required to trust that the inventory of your pre-defined work is complete enough to evaluate its contents against your new options of things to do.
Are you truly pretending that your boss doesn’t have the authority to reallocate your focus toward a new and unexpected priority? Get real. Are you honestly saying that now the world is at fault for reconfiguring itself to present you with things you weren’t aware of twelve hours ago? Get a grip. And how long can you honestly say you are comfortable doing anything, without checking your voicemail or email?
The key is how efficiently and effectively you know how to process new stuff, and how functional your system is for maintaining and reviewing your inventory of commitments. Then you accept and manage the input processing as a critical component, you review the whole game frequently enough to know (in your gut) how to evaluate the surprises and unexpected work, and you have a sufficiently functional system for capturing and managing all the various rivers and streams of this complex environment, to feel at least OK about what you’re not doing. Master key to life.
How much of which kind of work to do and when is the eternal dance of the workday. You can’t really do more than one of them at a time, though you can get really fast with processing work while you’re on hold on the phone, and waiting for meetings to start. There may be interruptions that are allowed that are not functional or valuable, but managing those is just tactical to your definition of your job. It’s an eternal challenge of allocating limited resources (the definition of “management”) – it’s not an inherent problem.
How much of your day and week do you need to assume is going to be ad hoc and unexpected? How much of your day really is required for cleaning up your in-baskets so that you can trust your backlog doesn’t have landmines and unseen priorities lurking? When are you dedicating critical executive time for updating your contents and maybe improving your own process for capturing, clarifying, organising, and reviewing your work?
Get your habits and your systems up to handling it. And get used to it.
David Allen is an author, consultant, international lecturer, founder and chairman of the David Allen Company. He is widely recognised as the world’s leading authority on personal and organisational productivity and has been named one of the “Top 100 thought leaders” by Leadership Magazine. He is best known as the creator of the time management method known as “Getting Things Done”

Friday 9 May 2014

Computer Awareness MCQ for SBI PO 2014

Dear Students,

Pls find Computer Awareness MCQ for SBI PO examinations.

You can download it from the following link:
https://docs.google.com/file/d/0B-UTSzLA2eqNWGZ2Z0w0Sl9iYnc/edit


Best Of Luck with your preparation!

Best Regards,
Team IMS Bangalore

Tuesday 6 May 2014

Vocab Dose - 1

Fantasy in fiction

May we open ... by defining two kinds of fantastic fiction? One, the kind most often seen in horror novels and movies, offers up a reality that resembles our own, then postulates a second invading reality, which has to be accommodated or exiled by the status quo it is attempting to overtake. Sometimes, as in any exorcism movie - and most horror movies are that, by other names - the alien thorn is successfully removed from the suppurating flank of the real. On other occasions the visitor becomes part of the fabric of "everyday" life. Superman is, after all, an alien lifeform. He’s simply the acceptable face of invading realities.

The second kind of fantastique is far more delirious. In these narratives, the whole world is haunted and mysterious. There is no solid status quo, only a series of relative realities, personal to each of the characters, and or all of which are frail, and subject to eruptions from other states and conditions. One of the finest writers in this second mode is Edgar Allen Poe, in whose fevered stories landscape, character - even architecture - become a function of the tormented, sexual anxious psyche of the author; in which anything is possible because the tales occur within the teller’s skull.
MATCH THE WORDS WITH THEIR MEANINGS
  1. Resembles – (ri-zem-buhlz) (v)
  2. Postulates – (pos-chyoo-leyts) (v)
  3. Invading – (in-veyd-ing) (adj)
  4. Accommodated –(uh-kom-uh-deyt-ed) (v)
  5. Exiled – (eg-zahyld) (v)
  6. Status quo – (stey-tuhs kwoh) (n)
  7. Exorcism – (ek-sawr-siz-uhm) (n)
  8. Suppurating – (suhp-yuh-reyt-ing) (adj)
  9. Fabric – (fab-rik) (n)
10. Fantastique – (fan-tas-teek) (n)
11. Delirious – (dih-leer-ee-uhs) (adj)
12. Frail – (freyl) (adj)
13. Eruptions – (ih-ruhp-shuhns) (n)
14. Fevered – (fee-verd) (adj)
15. Tormented – (tawr-ment-ed) (adj)
16. Psyche – (sahyki) (n)
a.   The expulsion or attempted expulsion of a supposed evil spirit froma person or place:
b.   The human soul, mind,or spirit
c.   In an acutely disturbed state of mind characterized by restlessness, illusions, and incoherence
d.   The basic structure of a society, culture, activity, etc
e.   Has a similar appearance to or qualities in common with (someone or something); looks or seems like
f.   Undergoing the formation of pus; festering
g.   Feeling or displayingan excessive degree ofnervous excitement, agitation, or energy
h.   an existing state or condition
i.   entering as if to take possession, or affecting injuriously or destructively
j.   A sudden outbreak of something, typically something unwelcome
k.   Suggests or assumes the existence, fact, or truth of (something) as a basis for reasoning, discussion, or belief
l.   Easily damaged or broken; weak
m.   suffering severely
n.   adapted to
o.   separated or be removed from
p.   the quality of being fantastic
Answers

1. e 2. k 3. i 4. n 5. o
6. h 7. a 8. f 9. d 10. p
11. c 12. l 13. j 14. g 15. m
16. b

Attention All CAT 2014 Aspirants!! - SimCAT 2014 Schedule

The schedule of SimCATs 2014 is as follows:

SimCAT 2014 - Schedule
SimCAT #
Mode
From
To
SimCAT 1
CBT/Self-Proctored
23-May-14
26-May-14
SimCAT 2
CBT/Proctored
13-Jun-14
16-Jun-14
SimCAT 3
CBT/Self-Proctored
20-Jun-14
23-Jun-14
SimCAT 4
CBT/Proctored
27-Jun-14
30-Jun-14
SimCAT 5
CBT/Self-Proctored
11-Jul-14
15-Jul-14
SimCAT 6
CBT/Proctored
18-Jul-14
22-Jul-14
SimCAT 7
CBT/Self-Proctored
25-Jul-14
29-Jul-14
SimCAT 8
CBT/Proctored
8-Aug-14
11-Aug-14
SimCAT 9
CBT/Self-Proctored
15-Aug-14
18-Aug-14
SimCAT 10
CBT/Proctored
22-Aug-14
25-Aug-14
SimCAT 11
CBT/Self-Proctored
29-Aug-14
1-Sep-14
SimCAT 12
CBT/Proctored
12-Sep-14
15-Sep-14
SimCAT 13
CBT/Self-Proctored
19-Sep-14
22-Sep-14
SimCAT 14
CBT/Proctored
26-Sep-14
29-Sep-14
SimCAT 15
CBT/Self-Proctored
3-Oct-14
6-Oct-14

The SimCATs marked as self-proctored are tests that a student can take from his home as well during the specified test window. The student will have an option to select ‘Home’ as a venue during slot booking for these tests (But we recommend you to take the test at your choice of IMS Bangalore centers).

The student will get a National Percentile and All India Rank for all Proctored SimCATs. However, the Achievers Rewards are NOT applicable to the self-proctored SimCATs (the Achievers Rewards are applicable ONLY to SimCATs 2, 4, 6, 8, 10, 12 and 14).

The unproctored SimCATs (101-125) will be available as per the following schedule:
1.       SimCATs 101-105: Available
2.       SimCATs 106-110: 5th May, 2014 onwards
3.       SimCATs 111-115: 7th June, 2014 onwards
4.       SimCATs 116-120: 5th July, 2014 onwards
5.       SimCATs 121-125: 4th August, 2014 onwards

A mail informing the students of the SimCAT schedule will be sent next week.

In the meantime, please get in touch for any queries.

Thanks,
Team IMS Bangalore

Sunday 4 May 2014

Paid Internship Oppurtunity for Engg. students - brought to you by IMS Bangalore


Office Suite #10,
Metro Business Center
Koramangala
Bangalore – 560011





About Us:

WIP Labs Pvt. Ltd is an online learning company focused on providing hands on skills to college graduates. We are part of WIP Labs Inc, NY.

What are we looking for:
We are looking for interns who have technology background looking for hands on experience as well as opportunity to work on real life projects.

This is a paid internship opportunity for 90 days where students will gain
  1. hands on experience on specific technologies
  2. Opportunity to interact with a project team
  3. 1:1 coaching and mentoring with the team lead


Technology Skills:
Computer Science Students are preferred
Basic programing knowledge & OOPS concepts is required
Skill Sets covered : PHP, Java, HTML, JQuery

Working Hours (4 hours and 5 days a week)
19th May – 20th August, 2014
2:00 pm – 6:00 pm

Students will be paid a monthly stipend of INR 5000.
Students will be provided with laptop and access to required toolsets.


To apply, drop your resume at internsblr@gmail.com

Data Scientist: The Sexiest Job of the 21st Century


When Jonathan Goldman arrived for work in June 2006 at LinkedIn, the business networking site, the place still felt like a start-up. The company had just under 8 million accounts, and the number was growing quickly as existing members invited their friends and colleagues to join. But users weren’t seeking out connections with the people who were already on the site at the rate executives had expected. Something was apparently missing in the social experience. As one LinkedIn manager put it, “It was like arriving at a conference reception and realizing you don’t know anyone. So you just stand in the corner sipping your drink—and you probably leave early.”
Goldman, a PhD in physics from Stanford, was intrigued by the linking he did see going on and by the richness of the user profiles. It all made for messy data and unwieldy analysis, but as he began exploring people’s connections, he started to see possibilities. He began forming theories, testing hunches, and finding patterns that allowed him to predict whose networks a given profile would land in. He could imagine that new features capitalizing on the heuristics he was developing might provide value to users. But LinkedIn’s engineering team, caught up in the challenges of scaling up the site, seemed uninterested. Some colleagues were openly dismissive of Goldman’s ideas. Why would users need LinkedIn to figure out their networks for them? The site already had an address book importer that could pull in all a member’s connections.
Luckily, Reid Hoffman, LinkedIn’s cofounder and CEO at the time (now its executive chairman), had faith in the power of analytics because of his experiences at PayPal, and he had granted Goldman a high degree of autonomy. For one thing, he had given Goldman a way to circumvent the traditional product release cycle by publishing small modules in the form of ads on the site’s most popular pages.
Through one such module, Goldman started to test what would happen if you presented users with names of people they hadn’t yet connected with but seemed likely to know—for example, people who had shared their tenures at schools and workplaces. He did this by ginning up a custom ad that displayed the three best new matches for each user based on the background entered in his or her LinkedIn profile. Within days it was obvious that something remarkable was taking place. The click-through rate on those ads was the highest ever seen. Goldman continued to refine how the suggestions were generated, incorporating networking ideas such as “triangle closing”—the notion that if you know Larry and Sue, there’s a good chance that Larry and Sue know each other. Goldman and his team also got the action required to respond to a suggestion down to one click.
It didn’t take long for LinkedIn’s top managers to recognize a good idea and make it a standard feature. That’s when things really took off. “People You May Know” ads achieved a click-through rate 30% higher than the rate obtained by other prompts to visit more pages on the site. They generated millions of new page views. Thanks to this one feature, LinkedIn’s growth trajectory shifted significantly upward.
A New Breed Goldman is a good example of a new key player in organizations: the “data scientist.” It’s a high-ranking professional with the training and curiosity to make discoveries in the world of big data. The title has been around for only a few years. (It was coined in 2008 by one of us, D.J. Patil, and Jeff Hammerbacher, then the respective leads of data and analytics efforts at LinkedIn and Facebook.) But thousands of data scientists are already working at both start-ups and well-established companies. Their sudden appearance on the business scene reflects the fact that companies are now wrestling with information that comes in varieties and volumes never encountered before. If your organization stores multiple petabytes of data, if the information most critical to your business resides in forms other than rows and columns of numbers, or if answering your biggest question would involve a “mashup” of several analytical efforts, you’ve got a big data opportunity.
Much of the current enthusiasm for big data focuses on technologies that make taming it possible, including Hadoop (the most widely used framework for distributed file system processing) and related open-source tools, cloud computing, and data visualization. While those are important breakthroughs, at least as important are the people with the skill set (and the mind-set) to put them to good use. On this front, demand has raced ahead of supply. Indeed, the shortage of data scientists is becoming a serious constraint in some sectors. Greylock Partners, an early-stage venture firm that has backed companies such as Facebook, LinkedIn, Palo Alto Networks, and Workday, is worried enough about the tight labor pool that it has built its own specialized recruiting team to channel talent to businesses in its portfolio. “Once they have data,” says Dan Portillo, who leads that team, “they really need people who can manage it and find insights in it.”
Who Are These People? If capitalizing on big data depends on hiring scarce data scientists, then the challenge for managers is to learn how to identify that talent, attract it to an enterprise, and make it productive. None of those tasks is as straightforward as it is with other, established organizational roles. Start with the fact that there are no university programs offering degrees in data science. There is also little consensus on where the role fits in an organization, how data scientists can add the most value, and how their performance should be measured.

 Thomas H. Davenport is a visiting professor at Harvard Business School, a senior adviser to Deloitte Analytics, and a coauthor of Judgment Calls (Harvard Business Review Press, 2012). D.J. Patil is the data scientist in residence at Greylock Partners, was formerly the head of data products at LinkedIn, and is the author of Data Jujitsu: The Art of Turning Data into Product (O’Reilly Media, 2012).