|LRB at age 18 or 19.
- Managing (and/or advising for managing) business houses for their financiers and proprietors.
- Teaching the subject of Management at Academic and Educational Institutions; doing further research in the field and rendering consultancy services to the business and industry.
- Managing, controlling and owning one or more industrial and/or business undertakings.
- Full moral support and freedom from my parents for deciding on my career planning and implementing it, unless it is very risky.
- A fairly reasonable "intellectual competence" and mental maturity which, I believe, I have got. I also consider my clarity of reasoning and thinking and taking actions which I have developed, as a plus point in me.
- My fairly good academic record, though not excellent at school and undergraduate level. School Final - 59% marks and 1st position in school faculty; College degree - 56% marks and second position; IIM-A: Second position in the first year.
- I personally consider my exceptionally young age (18 years) as a plus point. Firstly, it provides a cushion of about five years in which i can take liberty of changing plans, if required; learning from life without creating new responsibilities (like wife etc). Secondly, it provides me flexibility in my formulation of ideals ways of doing things etc. This helped me a great deal in the first year of IIM which was a great transitional period.
- Lack of tangible backing from my family, if i were to start my own business venture, or to proceed abroad for further studies.
- Lack of an impressive physique and want of very good health.
- My exceptionally young age, which works as a disadvantage as people relate, traditionally, age with maturity and thus fail to recognize my worth. This restricts the prospects of opportunities for me especially when they can find people with similar qualifications (MBA) of older age. This was my experience last summer during interviews for summer job.
- Inability to create glamour around myself in very short time - due to the lack of snobbish behaviour; tendency of mix with any one and polite behaviour with older people. However, I have been able to create positive favorable impression in people's minds, but that is through tangible achievement and exposure to my competence which takes longer time than an interview period.
- Lack of complete confidence in my abilities and a doubtful tendency towards them, has developed mainly due to my unsuccessful placement interviews last year.
We are a big family and I have great deal of family responsibilities. I am second in the rank of 7 brothers and sisters with 3 younger sisters whose marriage is a big job in our society. Thus my assistance for that is required.
- Job prospects in executive cadre in Indian business and industry. With the expert assistance of placement office of the Institute, the job prospects are much better than what they would have been otherwise. But, in view of my last year's placement experience, I am very much skeptical about my own job prospects. And, the main reason again is my young age - viewed by my employers as a minus point. I don't have any exceptional advantage over others (like additional degrees or work experience) to offset the age disadvantage. But if any company recognized my worth and offers me a good job, I would very much like to take it up. But, I would be reluctant to take up a job which I consider as one which does not offer satisfaction, challenge and status commensurate with my own worth. I would not mind joining big business houses as management trainee.
- Another environmental opportunity which could be available is admission and financial aid for Doctor of Business Administration course in some good business school in USA. This again is uncertain mainly due to the financial assistance prospects which are very low. I do not have any finances of my own to finance even a fraction of the expenditure. I am trying for it and nothing can be said till the decisions come from the universities (due in mid or late April, 1967).
Assuming the availability of this opportunity, my analysis of the two sides of the coin is as follows: In the fair side, this utilizes my age advantage, the period which I have spare at my hand thus - at the age of an average MBA, 22 or 23, I will be DBA with some business experience in USA. This in fact turns my age from a disadvantageous to advantageous factor. I will also get some experience and knowledge from living in USA. The US degree may also give me a push in terms of getting a good job in industry or academic setting. This also reconciles the two alternative strategies i.e. of taking a job in Business or taking a job in Educational Institutions. I may take a job in one of the Educational Institutions in India after working in US for 2-3 years after DBA. Then, after completing 3 years or so in Education field I may shift to Industry directly at a senior level. Of course there are risks that I may not get opportunity in management later on.
The other side of the coin is that there is a great risk of becoming an academician for all the life, which I don't want to become from today's thinking. And if I were to come back to business only, then why should I waste three years in doing DBA which does not have any significant marginal utility over MBA for the management purposes. I will also be detached from my family for 5 to 7 years, especially when I have some family responsibilities in terms of assisting my father. Moreover, there is also a risk of losing determination of coming back to Indian society after a long stay in US, which again is not commensurate with the long term family responsibilities I have.
There is a theory which suggests that brilliant people should always engage themselves in teaching and research in order to get job satisfaction which is absent otherwise (in business management for example, the job becomes routine after some time and one doesn't derive satisfaction out of it). Although I don't claim to be very brilliant, but yet if the theory is true, I would prefer to be in teaching and research. But still the need and importance of practical experience in research and teaching (esp. in Management) cannot be denied. Thus one can always shift back to teaching after working in business. This is easier for me especially as I would not have additional responsibilities to discourage shifts and changes for another 5 to 7 years. I can go for DBA after 3 years work in Industry. In fact I would learn more and there are better prospects for financial assistance. Thus, this analysis of mine suggests that, if available, taking a job in industry would be preferable to DBA.
Role of Opportunities:
I don't think I am in a position to decide either plan of action. Much depends on opportunities. Suppose I don't get a good job and I am able to secure admission and financial aid in US for DBA, I might like to go ahead with it. And suppose there are job opportunities available without DBA opportunities, I have to take up the job. But the decision problem arises when both are available. Both the sides are strong and I defer my decision till I get some counseling from you**. Another possibility is that I don't have opportunities on either side. The course of action to be taken then, also I would like to discuss with you.
**The person referred to in the final paragraph may be Prof. Surinder Pruthi who was on the placement committee and remembers discussing LRB's options with him.