From the womb of recession - Class of 2009

The one thing that is really crucial while selecting a b-school for any aspiring management student is its placement record. But for the children of recession, it hardly mattered. They all joined a premier institute at a time (2007) when the economy of the world was doing really well and they hoped it would be in an even better position when they graduate or at least remain the same worst come worst, but no way could it get go down. ‘How could that happen to me’ would have been the thought on any average wannabe MBA’s mind while he/she had joined the course.

And then the so called recession did not hit the bschool located at Nungambakkam alone, nor did it hit the city of Chennai alone, how about the state of Tamilnadu, no? India? We are not yet done my friend! It hit placements of graduates all over the world and no one was spared. Though some of them must have got jobs, decent profiles, so-so pay packages but then thousands of them hardly had a job for a long time while the next batch was slowly getting placed. And if at all they got placed it was may be at a lower band than they usually would have got, and at a pay scale that in no way was comparable to the preceding batches, but no one could help it, we were not the destiny’s children, we were specially chosen to be the recession’s children.

We were the batch that was tested the most for its patience, skill sets, competitive spirit and above all our faith. Luckily, at least at my bschool everyone was placed, if not on day zero, at least in the months after it. But there were thousands of graduates across the globe, who either dint get a job, lot of whom had quit a job to graduate, others gave promotion a slip and so on. But what made this batch born from the womb of recession special was the fact that, they joined a bschool when the markets were at its best and they graduated right when the markets tanked to an all time low, unemployment rates soared like the sun would in the noon and the number of opportunities available were as high as the number of stars you could count on a sunny day.

One instance that stands out on my mind with regard to the placements during the recessionary period was the episode of a top investment bank that was supposed to visit our campus for recruitment on September 18^th and all my batch mates were excited and were preparing really hard to be able to ace the selection process of one of the best investment banks of the world. They prepared so much so that, it felt as if it was the only thing they ever wanted in life. I would have hardly seen them prepare for any other thing the year or so before that. But how could they have known, the company they were aspiring to work for went bust just a day before it was supposed to visit our campus. Yea, you read it right, September 17^th was the day when the Business Line newspaper that we had started reading for quite sometime then to keep ourselves abreast of the business world read, “Lehman Bros files for bankruptcy” as its top headline on its front page. Lots of dreams were shattered, lots of them more or less lost hope, but then some of us who were still out of the trap of the fantasy world of big brand ‘dream company’ realized that what had happened to us, was may be in our best interest. If Lehman would have filed its chapter 11 on a day after it recruited some of us, it would have been a much much bigger shock, cos then it would have been a case of having a job in a company that had ceased to exist. It was far better that we ‘did not have a job’ rather than ‘have a job but not have it’. In fact this was the case with a dozen or more students from a couple of other premier institutes of the country who were recruited by Lehman before it was supposed to come to our campus, I know how difficult it would have been for those children of bankruptcy.

A lot has been discussed, argued and felt about this class of 2009, but what is it that has transpired with respect to these children of recession should be of further interest to the world, as these are the people who had seen both boom and bust at a very young age, in fact even before the start of their career. And I thought this was the best thing to have happened to us, we learnt some of the lessons we would have learnt much later in life, much earlier than a lot of others do. Though its been a painful period of 20 months since we have started working, but we’ve grown up with a lot of learning’s that would take us a long way in the future when may be such a catastrophe hits the world again, we would be prepared far better than the rest of the crowd.

Though at a psychological level we might have had a few advantages and disadvantages over the rest of the management crowd, we have definitely lost out on the monetary quantum and the sense of security standpoint. Lot of us had got job’s on contractual basis and our fates will be decided really soon, we would stand again on the same point as we did 2 years ago, if these companies don’t make us permanent employees. It would again be a period of anxiety & patience, again trying to get a good job and getting settled down with what we would like to do, but boy! its not going to be easy. Though the markets now are doing far better, destiny isn’t always with the lot that in some sense has been rejected (if I am allowed to use that word) by some other corporate.

When we graduated I used to think that the jobs we got are the jobs that were really crucial, as companies wont really recruit in such times unless they really want people to fill certain vacancies, but for certain companies it was just an easy way out to hire cheap than in years of boom may be, though not true in all the cases. The pie chart below would give you an idea about how the class of 2009 has been doing over the course of 20 months since they started working.

It’s clear that close to 70% of them are still with the same company  they started out with, but the fact is, at least a quarter of them are seriously looking out for other opportunities mostly because they aren’t really fond of what they are doing, as a process of which some of them have already changed one job (20%). The remaining 13% who are not working are the ones who have either quit their jobs as they want to pursue something else, including starting some business of their own or a completely different career or may be got married and settled ( you know what that means). Now the question is, is the story similar with other batches who either passed out before or after, I would say more or less YES, but still there are things that this particular batch is going through which others might not have gone through, things that cant really be expressed, but can only be felt.

One thing I firmly believe in and have understood through this whole experience is, destiny’s child or recessions child, as long as things are good make hay, but remember things won’t remain good or bad for ever. The markets have gotten back on track and companies are recruiting astounding number of people this year, breaking all kinds of previous records. Just be patient and give your best, recession or no recession, there is a billion plus population in the country that has to be fed, transported, taken care of and a lot of other services to be provided to. Someone has to do each of these things, so just stay active and you’ll definitely find something that you really deserve. Last thought (or piece of advice you might call it) for all management’s children would be – Stop measuring your success in life based on your CTC, it hardly matters as long as you find something that you would love to do for a large fraction of your life and a management degree is not just a gateway to a seven digit pay check always, it is a great deal more than that, if all of us realize that, it wont matter even if you were from the womb of recession. Let’s stop looking at management education as a platform ticket for the employment station, it’s rather a first class ticket to some of the best learning’s and experiences in life.

P.S. – This post was inspired by views posted in an article on Times of India recently.

Today’s Favorite Line - A cynic is a man who knows the price of everything, and the value of nothing. - Oscar Wilde

Today’s Favorite Song – Pray for me brother (A.R. Rehman)

The Wall – The Best A Team Can Get

Every home has four walls to protect the people living inside, to give them the feeling of being warm and secure from external environment no matter its summer or winter, calm or chaotic outside. We make sure that our wall is as strong and reliable as possible. But the Indian Cricket Team has been so fortunate, that though it has had a lot of other luxuries, though it has had only one WALL to protect itself, but then they never felt the requirement of anything more as THE WALL that they had made sure, performed the role of more than being a solid structure, by saving the team against all countries and conditions.

Lately there have been long and short battles going on between fans of two camps, ‘The Record Holder Camp’ and ‘The Wall Camp’ and the premise of the battle has more or less been pointless, how can you compare two people who have played two completely different roles in a teams success towards becoming a top team from almost no where. While one’s career has been totally to the team, by the team and for the team and the others has been more of to the record book, by the record book and for the record book, it hardly makes any sense to compare the two. My words might sound supportive towards the wall, but that’s also cos I have been a huge fan of him ever since my childhood, while all the other kids used to admire the short guy with tall records, I felt this lean guy with strength to rescue the team from every calamity was more commendable, not that the short guy never saved the team, but if you look at the lean guy’s record in lieu of corresponding situation of the team on a given match day, you shall realize who gave it all for the country each time.

This debate has primarily popped up just because the Indian media, blatantly ignored the fact that THE WALL of the team has reached a milestone that only two other batsmen in the world have achieved and more importantly it also in the joy of celebrating the records of the little master, forgot the more important aspect of the game, winning/ saving the game, which the little master failed miserably at, though he had some control over the situation. The media frenzy has been totally towards a record that we’ve been waiting for quite some time. Taking individuals over team, where did our post match analysis and cribbing go? As per my knowledge and understanding, on most of the occasions when the little master has played a good knock the team has not won! Take each of his knocks and tabulate it with the match result or situation, and you can judge the result for yourself. What’s the use of hitting a ton, when it can’t make my team win? We won’t see Dr. Manmohan Singh as a nice PM, the moment his government fares badly? (Aren’t we doing this already?)

In order to make a few things clear as to why we respect THE WALL so much, I have compiled a set of pointers (including a few individual records) to show how strong the wall has been and how crucial a role he has played as a team player, rather than being a selfish player( no offense meant). Each of these points below conveys how important his contribution was to the success of the team (not the record books). The following points have been compiled using the Wikipedia page of Rahul Dravid.

He is the first and the only batsman to score a century in all ten Test playing nations (The little master can may be emulate this, but not break this one record!)

Dravid has also been involved in more than 80 century partnerships with 18 different partners and has been involved in 19 century partnerships with Sachin Tendulkar - a world record. (Ever heard? partnerships win you matches, centuries don’t!)

Dravid was top run scorer in the 7th World Cup (1999), scoring 461 runs. He is the only Indian to score two back to back 100's in World Cup's. (He was a contender for Man of the Series award, missed it to Lance Klusner, an all-rounder)

Dravid was involved in two of the largest partnerships in ODIs: a 318-run partnership with Sourav Ganguly, the first pair to combine for a 300-run partnership, and then a 331-run partnership with Sachin Tendulkar, which is the present world record. (Again stood besides these 2 greats of Indian cricket and let them take the lime light in both the occasions, though he was as much a part of the success)

Also, Dravid is the current world record holder for the highest percentage (%) contribution of runs scored in matches won under a single captain, where the captain has won more than 20 Tests. In the 21 Test matches India won under Sourav Ganguly's leadership, Dravid played his part in every single one of those wins, scoring at a record average of 102.84 and piling up an astonishing 2571 runs, with nine hundreds - three of them double-centuries - and ten fifties in 32 innings. He contributed nearly 23% of the total runs scored by India in those 21 matches, which is almost one run out of every four runs the team scored. (I am sure, the little master, could hardly get closer to this, contributing towards teams victory, every time! And we think Sourav Ganguly was a great captain, think of him without THE WALL’s contribution.)

Though primarily a defensive batsman, Dravid has scored 50 not out in 22 balls (Strike Rate-227.27) vs NewZealand in Hydrabad on 15 Nov 2003, second fastest 50 among Indians. Only Ajit Agarkar 67 of 21 balls is faster than Dravid. (Now I heard someone telling me, he is a defensive player. Oh Really?)

After a barren run in Test matches in 2008, Dravid came under increasing media pressure to retire or be dropped. In the Second Test against England in Mohali, he scored 136, putting on a triple-century stand with Gautam Gambhir. (Every player goes through bad patches in his career, but RD responds not by his individual score, but by his contribution to the teams cause. So stop playing god father, let him decide when he wants to retire)

He has been involved in the most century partnerships in Test history – 85, as on 23 Nov 2009. (Now, compare that with the little master’s partnerships, scoring 50 centuries won’t get the team the top slot, staying on in different conditions and making the other player comfortable to play with does!)

Involved in highest partnership made away from home for any wicket for India with vice captain Virender Sehwag of 410 runs vs Pakistan at Lahore in 2006, also, the highest partnership between a captain and the vice captain (Now, that’s a record! Breaking the opposition to pieces)

He is currently 2nd among batsmen who have scored most away runs in Tests (6430 as of April 2009). Only Sachin Tendulkar (7165) has scored more away Test runs. (Obviously the little master is a little ahead, but the difference in the number of innings and years played by both of them is quite significant a reason for the difference.)

He is the fastest batsman in the history of Test cricket to make 9,000 runs. The former Indian captain brought up the landmark in his 176^th innings playing against West Indies in 2006 and broke the earlier record of Brian Lara. (Did someone talk about his consistency?)

Partnering with Tendulkar, has scored more runs than any other pair, excluding opening pairs. They are the 3^rd best in terms of total number of partnership runs scored by a pair in test cricket. (And in majority of these partnerships, his contribution wasn’t acknowledged as much as the media always wanted to talk about the Record Master)

Dravid has faced highest number of deliveries in test cricket, more than Allan Border’s previous record of 27002 deliveries. (Staying there on the crease for the team, saving one side of the wicket when all others fail! If scoring runs is important, in test cricket staying on the crease is even more crucial.)

2nd highest number of fifties in test cricket after Australia's Allan Border (63) and jointly shared with compatriot Sachin Tendulkar (59). (Now, he equals the little master on this record, but again, how many innings of each of them rescued or put the team in a better position? Check!)

Rahul Dravid is the third batsman in the world after compatriot Sachin Tendulkar and Australia's Ricky Ponting to reach the 12000-run milestone in test cricket. (Last but not the least. Personal milestones matter but they don’t make a winner! So we mention it last, no matter whether anyone acknowledges it or not!!)

To conclude, I’d just like to say that, Rahul Wall Dravid is one amongst the BEST TEST PLAYER the World has ever seen. While RD has contributed 20 times towards the teams victory and SRT has contributed 23 times (Courtesy – Mid day Article), look at the ratio of innings played or no. of fifties plus hundreds scored to no. of times it lead to the teams victory and you’ll realize why I put RD above SRT in context of being a better team player, all over the write up. The only reason RD is being compared to SRT is, he is no lesser than SRT if not greater but like I started off, both are a class in themselves, nevertheless team comes over self, always!

P.S – This write up wasn’t intended to compare the two greats, but in the process of compiling facts and thoughts, my mind couldn’t resist answering all those record favoring and ignorant individuals ignoring the security this soldier has given to Indian Cricket for over a decade and a half, always being overshadowed by others and still never expecting acknowledgement. I Salute. I hope this write up would shut a lot of mouths suggesting retirement of RD for ever, its’ his fitness, let him take a call. You Take a Bow!!

Today’s Favorite Line – I'm not offended by what you say. I'm just glad that you're stringing words into sentences now.

Today’s Favorite Song – He could be the one ( Hannah Montana)

Phas Gaya Re Marwadi

It is always perceived to be better to be born in a rich business family, but as a really old saying goes ‘the grass always looks greener on the other side’. I think (out of experience mostly) that it’s a bane in more senses than one to be born in a rich business family (this is not exactly the ‘by experience’ that I am talking about) as it restricts you from being the kind of person you like to be. Though one might argue saying, you have the liberty and the resources that one requires to fulfill his/her aspirations, the reality is generally far from our imagination. How many Marwari’s that you know have gone out of their family’s already existing so called dynastical business empire? And if you are thinking that they dint go beyond cos they dint want to, then may be you are wrong, most of them stick back cos they have to, and they aren’t in a position to question or fight back to fulfill their dreams. Their aspirations get killed just cos they have to keep the family name flying high in the field their fore fathers chose to enter, no matter whether it’s going to work in the future or not.

The family becomes so narrow minded that everything except for what they are involved in seems risky, cos it involves things that they don’t understand, people of the kind whom they have never confronted before and courage that they never had (if they had it, they would have tried their own thing, rather than following their fore fathers just for the sake of it, by killing their own talent), killing genuine talent in other fields generation after generation. It’s known across the country that marwadi’s are known to be businessmen and are known to do well in business, but have we ever given a thought to the fact that how many of them who turned out as these so called good businessmen wanted to be the same? Now just cos they are doing well, we appreciate them and that’s obviously cos of their dedication and hard work, but haven’t they killed their hidden talent in other fields of interest (just in case, this might even mean any other business than the one in which the family is already involved).

At least someone born in a family where the main source of income is from a salary and not from some business, the younger generation always knows that it’s totally in their hands to build a career, to earn a living, to gain some name and respect. An individual can start working on these things with a sense of purpose and direction in mind, though he/ she might have to face a lot of obstacles and lack of resources, but the feeling of fulfillment is always there. But if you take a Marwadi youngster today, more often than not, all the liberties I mentioned above are absent, he/she hardly has a sense of purpose at any point in life, its always filled with if’s and buts (if’s of ‘what if my family wont allow me’, buts of ‘but I really want to do this’) which never get addressed rationally (you can take my word on this one, I can write a book on this subject in fact), there’s never the feeling of fulfillment as the family never lets you do anything on your own, they always want to act like a god father, even if you don’t want one (for hell’s sake, let me get things done for myself, MY WAY!), think of making a name for your self or some respect if at all that’s possible, it always gets over shadowed by the power of money and contacts your family wants to flaunt every now and then, as if you couldn’t do anything without them (now come on, your contacts are not end of the world! I have mine!!).

How does a marwadi youngster make a mark in such an orthodox environment, especially cos he/she has to deal with people who are mostly less educated, past driven, self obsessive, protectionist, conservative and most importantly still doing good in life in their own ways? You can hardly beat them on anything and argue? You better not try if you can’t take irrationality for an answer!

P.S – There are a zillion reasons why it’s a boon to be born in a Marwari business family, I am not ignorant of those luxuries (luxuries always don’t relate to money or status, & I mean it), in fact a lot of these things lead to a better life for a person than in any other community or type of people (FYI, I am not racist, neither do I believe in caste or creed, just making a point). Just wanted to highlight this one bane, that I observe affecting a lot of youngsters including me at this point in time. If you’re wondering why Marwari specific arguments in this one, cos they are the ones whom I represent but hardly seem to understand.

Today’s Favorite Line – Opportunity paged me, tweeted me, linked me, e-mailed me, poked me, faxed me and spammed me... but I was expecting it to knock.

Today’s Favorite Song – So Sick (Ne-Yo)