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Another shortlist!

January 31, 06 by Bharani

The BCG Shortlist was announced today. Almost 75% of the McKinsey Shortlists figure in BCG Shortlist too. There are some additions and deletions. Overall, the list gives an indication that BCG is more academically inclined than McKinsey! A made it to the BCG list…Good…

Irrespective of how much the consulting firms downplay the importance of grades during the placement talks, the shortlisting is always predominantly done based on grades. History is the best evidence. The recent shortlists strengthen the claim.

There is an apparent disconnect among the people who deliver presentations, who design compensation structures, who evaluate applications, who interview the candidates and who finally work with you in the firm. This disconnect is the reason for mismatch between what’s being said and what’s being done. What’s surprising to me is how strongly few alums pushed us to apply even if one does not have attractive grades. Let me hear from someone who wants to defend that “Grades are not important for Consulting/I-Banking firms”. This is India. The examination-based mindset is still the most reliable method for top firms. I don’t see a change in the trend for long time to come!

Going to IT services firms, some firms are quoting low starting salary, expecting the students to bargain. I personally thing that’s unfair. Relatively new and medium-sized firms are giving more salaries than established and top firms. Top firms use the “onsite opportunity” as a negotiation weapon.

Slotting of the companies will be finalized in couple of days. The major concern seems to be same set of people getting shortlisted in each company. Whole lot of game theory is going on to reduce this shortlist overlap!

Next 10 days will be very busy. The end-term projects for all the subjects are due next week. Companies have already started inviting applications, so we have to spend quality time in writing good EOIs and Resumes. On top of this, we have to keep our placement preparations running….

The running continues….

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