Letter to my friends…

Hi guys, how are you? I hope all are doing well. Today I thought of posting something different other than usual financial stuff.

I don’t know how many of my college mates read my blog, but whoever reads my blog, I want to approach all of them through my blog. Guys all of you know that what is the current market situation. According to me this the worst situation India is facing even as compared to THE GREAT DEPRESSION in 1930s. Since at that time first of all India was under British rule and secondly, globalization wasn’t so much. So whatever happens in the other part of the world may not have affected the other parts as of now. Where as now, every country is integral part of the world. If something happens to US or India or China it is going affect other country. Since Big Brother (US) is in deep trouble and as an integral part, all of us are also in trouble.

So in this placement time, we all are facing the heat of situation. Companies are laying off heavily to cut the cost, almost financial services industries like brokerage and mutual fund companies stopped recruitments & so on. Number of companies coming to campus has reduced drastically. Even though some companies are recruiting from campuses but they have become very choosy and cost concerned in terms of package!

So some where deep down in our hearts we are all fearful, depressed and started loosing the motivation. Once if we get into depressed state then it will become much more difficult get placed ourselves.

But guys don’t loose your hope! I know giving lecture like this very easy as compared to practically facing the rejection! I have also faced rejection many times. But every situation like this gives an opportunity for the people like us. Try all your resources. This is not the time to hesitate to ask help from your resources. Help the placement team to help you guys and others also. Give the valuable leads to them if you have any. Check with your SIP companies and keep in touch with them. Still many banks (HDFC, Syndicate, Axis & many others), insurance companies (ICICI prudential), FMCG companies, Hospitality sector, IT/ITES and many other sector companies are recruiting. If you have any contact in them use them. Ask your friends if anybody working their not only for your sake but for other specialization friends also. Like your friends may be in IT companies and your specialization may be finance, so ask them for IT+MBA profile and halp IT people and so on. This is the time to implement whatever we learnt about team work, management and so on. This is the time for actual transition from management students to stress handling managers. Each one of your console & motivate your friend whenever he faces the rejection from any company.

Never loose hope!!!