First rule of first principle thinking, do not use first principle thinking when a mental model is available

New blogs from guys doing MBA

I have to mention about a couple of blogs that I stumbled upon today.

Here is the blog of an IIMK guy which I discovered today
Sathish Decently good blog

at the IIM-L. He comes across as a down-to-earth, simple but brilliant chap. Again, I am impressed by the honesty in this blog too.

Average package

An article in the economic times gave the following data that was some food for thought.

Average starting salary for,

IITian in India = Rs. 2.4 lacs pa

IIMite in India = Rs. 6 lacs pa

IITian in the US = $40k pa

Engg. PhD = $60-70k pa

Finance PhD = $140k pa

Of course the IT field is an exception and salaries there may not fall under this categorization and remember, this is just an average

Services Company and Product Company

Had this interesting discussion with my friend on the differences of career graph in a big IT ‘product company’ or an IT ‘services company’.

The gist of it was that a career at ‘Services company’ is first ‘Generalization’ and later ‘Specialization’ and in a product company it is ‘Specialization’ and then later ‘Generalization’.

In a services company the first few(5-7yrs) years one is allowed to explore various areas in and then later he is encourage to take to a particular field of specialization. In the beginning of the career, the person could get exposed to do client interaction and be at the forefront and enrich his experience.

In a product company for the first few years one is allowed to work on different products that company has but thing is that it is only backend work. After a person is there in a product company for sufficient amount of time and he reaches quite senior position like being a director or a VP then only he gets to do a front end work of client interaction.
These equations get changed if we were to take small companies or startups into picture. One fundamental fact that changes is that the graph here could move in a total non linear fashion as to opposed to a linear graph in a big company.

B School course content

I think b-school course content per se, is huge considering the time that is given to complete it. There can’t be an MBA course running for three, four relaxed years because that would eat into an individual’s productive life. So there is no other way except to stuff courses into three-month periods. I am told that MBA guys do 9 subjects in 3 months! That’s an astounding 54 courses in two years. The whole engineering syllabus spread across 4 years is just 50 courses* including practical-courses that are relatively easy to handle.

Growth as Objective

One should not take growth as an objective for himself, it is basically a by product of doing things right. Fundamental errors get made when people do optimization with growth as the objective function.

Rajesh Jain

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