«Writtenby Compiledby LoadsofMBAAspirants ThePaGaLGuYMadCapzGroup PaGaLGuY.com Antholo gy Hundreds of real personal accounts of Group ...»
Hundreds of real personal accounts of
Group Discussions and Personal Interviews
during MBA admissions to India’s best business schools.
In this edition: The IIMs at Ahmedabad, Bangalore, Calcutta, Lucknow, Indore & Kozhikode.
Written by Loads of MBA aspirants Compiled by The PaGaLGuY MadCapz Team PaGaLGuY GD-PI Anthology Copyright © 2011, PaGaLGuY.com All text and content in this document is solely owned by PaGaLGuY.com. Reproduction without permission in any form or means is illegal.
Get your own Free personalized copy (with your name on it) of this book from http://www.pagalguy.com/books/ What this book is about What is a real IIM interview like? What kind of questions do they ask and what judgments do applicants have to make while answering them?
Since 2003, those with real Group Discussion and Personal Interview calls from India’s top b- schools have been posting entire and detailed transcripts of their admission interviews immediately after they happen, so that others slotted for later interviews can learn what GDPI is going to be like this year.
This book is a collection of dozens of handpicked GDPI experiences from the country’s top b- schools during the admission years 2005, 2006, 2007, 2008, 2009 and 2010. In this edition, we have included over 180 GDPI experiences from the admission processes of IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Indore, IIM Lucknow and IIM Kozhikode.
A team of 33 volunteers, who are themselves at some stage of the MBA admissions process, were asked to make the selections based on what seemed most interesting and characteristic of a b- school to them.
Who this book is for Those with GDPI calls from b-schools included in this book will benefit from this work the most.
But the book will be an interesting read all the same for those who are planning to take a go at MBA admissions in the next season and would like to know where the process of cracking a tough entrance exam eventually leads to.
How to read this book As the book is a collection of 150+ individual discussion forum posts stitched together. Expect a huge variation in writing styles, shorthands and semantic flow. In order to retain the flavour of the story the way they wanted to tell it, we have edited the stories minimally. Without the slang, the occasional Hindi words or the typos, you will not enjoy the transcripts.
A visual guide to reading the experiences follows in the next few pages.
Just as the content in this book is a collective effort of the community, so is the editing and collation. A young and enthusiastic team of volunteers from across the country helped compile this book. Their names are, The PaGaLGuY MadCapz Team - Led by Rohit Awasthi (estranged_gnrs) and Satwinder Singh (Satwinder)
Not least, we’d like to thank all the PaGaLGuY members who’ve been contributing their GD-PI experiences to PaGaLGuY every year. You people have no idea how exponentially helpful your contributions have ended up being to newer MBA applicants over the years.
5 How to use this book
IIM Ahmedabad - Year 2005 Interview experience of: Rahul Abraham Mamman Background: B.Com Third Year. Also involved in my family business which includes a pharmacy and a health and beauty store.
10Th C.B.S.E 89.2 12TH C.B.S.E 86.4 B.Com 74 (But that’s because English and Hindi were added., CGPA would be 8.7 relative to the University topper)
OA-99.87, VA-99.09, QA-99.7, DI-97.55 GD First was the GD. There were 2 girls and six guys including me. We were given about 20 minutes to interact before the interview, that was a good experience.
The GD started off well, all of us spoke, contributed and our brainstorming seemed to be good. None of us seemed to be having any problem with each other. All points discussed were good and many were added on to the original points too.
PI Then came the PI. I was number 8. I had not given my certificate copies yet. They told me that I should provide them at the time of my interview. So everyone had a decent interview with a Major C who apparently, had with 17 years of Army experience and 100 percentile in CAT.
Finally it was my turn.
One of the professors came out and called my name. I went in with a smile and wished them all, they all seemed nice guys.
First question to me (I don’t remember who asked me what. I will try and provide below as accurate an account as possible).
Q: What is one difficulty and one good thing about holding the GD PI at this venue, which is a new block?
A: Sir, the good thing was that I could come through the underpass. Though I feel they could have had a straight passage but walking through the underpass was indeed a great experience and there were a lot of things about IIM A in that passage which were really informative. The only difficulty I encountered was that it was too far from the entrance and I did get a bit lost at first.
Q: Are you from Ahmedabad?
A: No Sir, I am from Cochin (The professor seemed a little surprised).
Q: Why did you give IIM A as your centre?
A: It has been my dream to be in IIM A. I have heard through people and read a lot about IIM A. I know it is the best institute and I wanted to experience it firsthand and get the feeling of being here. I also have a few friends in IIM A.
Q: Did you do the same for IIM C?
A: No sir, I have only done that for IIM A.
Q: So what are you doing now?
A: I am in my third year of B.Com.
Q: What is your favorite subject?
A: I m reasonably comfortable with Capital Markets.
Q: What are capital markets?
A: It is the market for the buying and selling of shares and Debentures. It is the market through which the capital for the companies is raised.
Q: What is a stock?
A: It is a certificate giving ownership of the company; the owner can be given dividends when the company makes profits.
Q: Why do people give money for these pieces of paper like debentures?
A: These debentures carry a fixed rate of return and the holders of these debentures will definitely get a certain fixed income in the form of money every year. It can also be of a redeemable form.
Q: But why do they still accept these papers and nothing else is given?
A: Sir, these certificates have legal validity and they can be enforced by law hence it is quite a safe instrument to invest in.
Q: What is the IPO market?
A: It‘s the market for Initial Public Offering and it is when the company issues shares for the first time.
Q: What is Primary market?
A: It includes private placements and IPO is a part of the Primary market.
They asked me a little more in detail about the differences between Primary and IPO Markets. I told them that this is what I knew and was sure that there is more to it.
Q: What are bonus shares?
A: The shares issued by the company free of cost to its shareholders is known as bonus shares. They are issued sometimes in lieu of dividend when the company has not been paying any cash dividend.
Q: Are bonus shares issued by companies which haven’t given any dividends so far?
A: Not only that but it is also issued by companies which have a good deal of reserves after the capitalisation also, even if they have been giving a lot of dividends so far.
Q: Are all share holders treated separately in terms of dividend payouts?
A: No sir. The preference shareholders are treated differently. They get only a fixed rate of return on their shares.
Q: What about the other share holders? Can a particular company not give dividend to a group of the shareholders?
A: No that is not possible. All shareholders have to be given equal treatment and dividend if given, should be given to every single shareholder.
Q: Suppose a company wants to make a fresh issue what will it do?
A: It will have to approach the company law board get its permission and then can issue shares in the markets. It can go in for rights issue where the present owners are given the right to purchase the shares first.
Q: What would your company do if you wanted to list in the stock exchange?
A: First get the approval from the Company Law Board. Meet all legal requirements also approach the stock exchange and get permission so that you can list it on the stock exchange.
Q: What is deferred tax?
A: (I started speaking on accounting tax and stopped and said that I was not sure but I could speak about deferred revenue expenditure is, if needed.
Q: Ok, but what is miscellaneous expenditure?
A: I talked about what it is and how it comes about.
Q: Which head does it come under?
A: I said these are shown sometimes in the balance sheet under the asset side, these are actually fictitious assets.
Q: What counterbalances it on the liability side?
A: I don’t know that sir. (I used my hand to show the side on the balance sheet and they joked about it and I smiled too.) Q: What is your family business?
A: It is a pharmacy in Cochin sir. We also have a lifestyle store which stocks baby care, cosmetics, perfumes and a lot of Ayurvedic stuff.
Q: What are the trade deals given in Cochin for the pharmacy?
A: The pharmacy is given 30 days of credit and also 4 percent discount on ready cash.
Q: What role does the association play in the state?
A: (I talked about the margins we get because of the association) Q: What is the margin in the other states?
A: Same margins in Kerala.
Q: How does the association help then?
A: It makes sure that we get 20 percent margin on a new product and old margins exist. Also because of our association, we can return our medicines on time of expiry and within three months and get the money back.
Q: Why do you have two different stores, can’t you have them together?
A: I talk about numerological reasons and also about two different classes of customers being attracted to different shops.
Q: How does the second store works?
A: I explained it is a volume business with high value low number of bills at all.
Q: How are your margins normally?
A: About 18-20 percent.
Q: So is that what you meant by ROI?
A: I explained saying that it is not what I meant and told them the original ROI was indeed correct.
Q: What do you mean by the Tie and Die method?
A: I don’t know about that Sir.
Q: How is curd made?
A: (I gave milk and curd gyaan) Q: Which of it has microbes?
Q: Are they alive?
A: I think Sir.
Q: What is this process called?
Q: How is it related to the Pharma industry?
A: (I knew about Insulin). It can be used to make red wine capsules.
I talked about how the dried powder is made into the capsule form.
Q: What are these used for?
A: For preventing heart diseases.
Q: How is the powder made?
A: By drying it up after the fermentation process.
Q: How it is made into the capsule?
A: The powder is then encapsulated.
Q: What are your other interests?
A: I m a member of the Numismatic Society (They confirmed whether it was about coins itself ).
Q: Why do you collect coins?
A: It’s a passion, knowledge gathering experience (gave more gyaan).
Q: Where do you get the coins from?
A: From the antique shops and also by exchanging with friends in my society.
Q: Which is the oldest coin that you have seen?
A: A BC silver roman coin.
Q: Didn’t you picked it up?
A: Sir it was too expensive and I didn’t had Rs 3,500 at that time.
Q: Is it still there in that shop?
A: I have not gone for some time to that shop. I’m not too sure sir.
Q: So tell us what have you learnt about coins?
A: Where and which countries ruled others, the cultures for eg. France ruled Algeria...(I really don’t know why I said that).
Q: Where is Algeria?
A: North Africa.
Q What is its currency?
Q: When did Algeria got its independence?
A: I don’t know for sure sir...(One of the panelists asked what was the point in collecting coins if I did not know the date of independence of Algeria. I defended myself by giving information on a lot on commorative coins and their importance).
Q: What are these double metal coins? (Coins with two colours) A: I explained to them and then one of the panelists asked me about any contemporary double metal coin that I might know. I talked about the euro and the 2 pound coins which are double metal coins.
Q: Did you win the table tennis title for the district?
A: Yes Sir.
He asked for my certificates, looked at them all and said that I had done extra stuff only in school.
Then I showed him my College (Commerce) stuff but added that since I did not have the certificates, Idid not write much about it.
They seemed satisfied I don’t know why.
Overall it was a purely knowledge-based interview.
(Converted and Joined IIMA)
Interview experience of: Vikas Kumar Background: IIT Kanpur Academics:CPI 8.4
99.99 percentile Six Calls GD Since we were only six people (2 people did not come ) and one did not speak, we had ample time. I made few good entries and would rate the performance as OK.
PI Three panel members....P1, P2, P3. P1 used to smile a lot, P2 kept looking at my certificates and P3 did not seem to be interested!
P1: So Vikas many IITK students have come today? Have you studied together?
A: Yes sir, everyone has been called today only. No, I have done self study for CAT (lied big time).
P1: Ok. let say I have to find out the number of individuals getting calls from at least one IIM. How will you estimate the number?