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Season 2:Profile:GEM.X - 95.6%(Tamilnadu Board)XII - 92%(Tamilnadu Board)UG - 67.4% (B.Tech.(IT) from PSG College of Technology, Coimbatore)Work Experience - 5 months, 19 days at Deloitte Consulting as on January 31, 2019.CAT 2018 - 99.71 percentile (99.29|100|87.45)Episode 2: Common Admission Process(CAP) for ten new IIMsDate: 11/02/2019Venue: Monarch Luxor Hotel, BangaloreWritten Ability Test(WAT):The previous generations preferred not to share information about private life. But with the advent of smartphones, the present generation is sharing mundane trivial information online. What are your views on it? (Not verbatim).Started with the previous generation being conservative and they did not have any medium to share even if they wanted to and nowadays with increasingly liberal outlook and technology has provided means to share information; Moved to pros and cons of this and concluded by saying judicious sharing of meaningful information is necessary.Interview:105 candidates were called in my slot. There were seven panels in total with around 15 students per panel I was allotted the first panel. I was the first one to be interviewed in my panel. There were two middle-aged male panelists(M1 and M2) and one elderly lady panelist(F). M1 called me inside.F: Take your seat. You working now?K: Yes ma’am, I am working in the Technology Consulting domain of Deloitte for the past 6 months.M2: Tell us about your work.K: Told.M2: Why is your college score so low? It is only 67%. Is scoring in PSG College that difficult? What is the top score?K: Sir, the top score is around 95%.F: Then why didn’t you study well?K: Sir… Sorry. Ma’am, when I entered college that was the first time I am moving out of college. I didn’t have much wordly knowledge and I was ignorant. I was a bit arrogant that I possessed great leadership skills. I thought getting you a good engineering college would mean passing out with a great managerial job. I was that ignorant. Hence I didn’t pay much heed to the academics. As a result. my grades dropped and it was in the 50s at the end of the first year. I also had five backlogs at the end of the first year. I realized my lesson at the end of the first year. I understood that I will be getting nowhere in my life at this pace and started working hard. In the second year, I worked on clearing my backlogs which resulted in my grades increasing from the 50s to the 60s. I struggled to….. (M2 cutting in)M2: But it is mentioned as 67 here.K: Sir, that is because I cleared the backlogs.M2: Ohh! Continue.K: (Continuing my answer) I struggled to hold a single complete conversation in English at the end of my first year. I have worked on this. I also started participating in Extra curricular activities. In the final year, I went on to hold two Positions of Responsibilities simultaneously.M2: What are those?K: I was the Secretary of the Students’ Research Council of my college and I co-ordinated the establishment of Higher Education Learning Center in my college.F: This is because of your arrogance, not ignorance.K: Ma’am, but arrogance is because of ignorance.F: I will not agree, let’s move ahead.M2: What did you gain as a person in your work experience?K: Started explaining the project experiences I gained… (M2 cutting in)M2: (In a strong tone) As a person!(Before I start answering)F: Weight! (Ultimate savage! For the readers, I stand 6 feet tall with a BMI of 30+)(We four had a good laugh)K: I am maintaining the same weight, ma’am. The gain happened in college.(The panelists had a good laugh again)F: Okay, so tell us now what did you gain as a person?K: (Thinking)F: It’s okay even if you didn’t gain anything. I don’t have a problem with that.K: (After thinking for a few more seconds) I couldn’t think of any now, ma’am.F: Interaction skills?K: (With a Aaah! Yes reaction) Yes, ma’am definitely. As I have already mentioned, I had problems with communication and the day to day interactions and onsite calls helped me a lot to improve on this front. I also picked up a bit of Hindi. A year back, at the start of my internship, I was zero in Hindi. Now, I believe I have upgraded to ‘Thoda thoda maalum’ stage. (With a big smile)F: So you need someone to prompt you? You can’t come up with anything on your own?K: No, Sir. Sorry. Ma’am. It’s just that I couldn’t come up with it at that moment.M2: (Looks up the sheet which contained the list of extempore topics) Importing of Chinese goods is a big deterrent to the growth of Indian businesses. Speak on this topic. You can take a minute to think.(I didn’t see an extempore coming)(Thought for around 10–15 seconds)K: Can I begin, ma’am?F: Yes, go ahead.K: (Blurted out something like Chinese electronic goods are stopping the flourishing of Indian manufactured electronics which are already a very few in number. Said that because of their cheap prices the Chinese goods have captured a large market share. Spoke hardly more than 30 seconds)F: How could that be detrimental? You said the consumers are getting products at cheap prices. So that’ll be beneficial for small retailers selling those products, right?K: Ma’am, but they are able to sell at such low prices because of the low quality with which they manufacture those products.F: Then, do you think the consumers are not intelligent enough to choose a better quality product?K: No ma’am, the first time smartphone buyers go for price over quality. It is this customer base that the Chinese products have captured.M2: (To M1 and F) I think he is contradicting himself.M2: Explain that topic from an Economic perspective. You are giving as the Consumer perspective.K: Sorry sir, I don’t have knowledge about the Economic side of that topic.M2: What do you know about India-China trade?K: Sir, I know that China, along with US, is the major trade partner of India and we have a trade deficit with them.M2: Okay, we’ll give you an another chance (Looks at the list of Extempore topics). Your topic will be ‘The discounts offered by the e-Commerce portal are bad for India’.K: Sir, I will take half a minute to think.M2: Sure!K: (Spoke in favour of the topic; Spoke about how the e-Commerce portals, with their deep pockets, can offer discounts aggressively and this is detrimental to small time retailers who are in crores. Again, not more than 30 seconds)M2: But what about the consumers who are 100 times more than the retailers. Don’t you think they deserve a fair price?K: Definitely they do, sir. But the e-Commerce portals will increase the prices so high once they get rid of the competition in the form of small retailers. This is not good for the consumers in the long term.M2: Say the e-Commerce portals are selling a 7000 rupee worth product for 6000, don’t you think the consumers benefit from it?K: Sir, but in the long run, once the small retailers are got rid of, the e-Commerce portals may raise the price of a 7000 rupee worth product to 10000. That is why I believe the latest changes in e-Commerce regulations are good.F: So, you are saying that the changes in the regulations are not for votes?K: No ma’am, definitely the changes are brought up keeping in mind the upcoming General Elections but I believe this should have been done long back. I believe e-Commerce with some regulations is necessary for healthy local market.M2: Think about the consumers. Adam Smith has said that retailers tend to sell products according to the local consumer needs and consumers tend to buy from the sellers offering the lowest prices for a product. Do you know who Adam Smith is?K: Yes sir, the father of Economics.M2: Hmm, what do you think about what he has said?K: I agree, Sir, but e-Commerce is becoming pervasive. Right from groceries to daily consumer goods are being e-Commerced (e-Commerced - Invented a new word in the heat of the moment).(M2 seemed to give up thinking that I know nothing)M2: (To M1 and F, after looking at the timer in his phone) Please ask something. We have 16 minutes left.F: Why MBA?K: Ma’am, I believe I have good leadership skills and decision…. (M1 cutting in)M1: What comes under leadership skills? I have been hearing this term from the morning again and again. What are the skills do you think are necessary to a good leader?K: Sir, firstly, a leader should have a vision about the task he is given with….(F cutting in)F: So a leader should have a vision for the company he is working for?K: (All these stupid answers of mine are getting to my nerves, started to stutter and stammer) Not necessarily, ma’am, but he should have a vision for whatever the task he is given with.F: What do you think about the upcoming elections? What will happen in Tamilnadu? First, tell us how many seats are there in Lok Sabha?(Finally, Politics - the one area I am longing to be questioned at)K: (In an instant) 545.F: How many of that are for Tamilnadu?K: (Again, in an instant) 39.F: What do you think will happen there? Will the ADMK win all the seats again?K: Ma’am, the ADMK didn’t win all the seats last time. They won only 37 of the 39.F: Okay, so What do you think will happen there? Will the ADMK win all the seats again?K: Ma’am, the ADMK didn’t win all the seats last time. They won only 37 of the 39. That is because they had a charismatic leader last time….(F cutting in)F: So, what will happen to them this time?K: Their vote share will split to smaller parties, ma’am.F: So, they can’t win any seats this time?K: No ma’am, I meant their vote share will come down. Last time, their vote share was 42%, I guess (It is 44.3% actually). This time, I predict it to be around 20–25%.F: How can they still secure that much votes without having a charismatic leader?K: Ma’am, because they can still milk votes using the names of Dr. MGR and Ms. Jayalalitha… (As soon as I said this, F looked at M1 and M2)F: We’re done.K: (With a feeling that I used the wrong choice of words) Thank you ma’am and thank you sirs.This is easily one of my bad interviews as a good part of the interview revolved around Economics which I have just started to learn.Personal Rating: WAT - 15/20 and PI - 30/50.Verdict: Awaited.Episode 1: IIM KozhikodeDate: 10/02/2019Venue: Monarch Luxor Hotel, BangaloreWritten Ability Test(WAT):Capitalism is slowly and inevitably leading to mankind’s extinction.I thanked my stars that I didn’t get an abstract topic. The time limit was 25 minutes and we were told that we can use both the sides of the given paper. I started by defining Capitalism; linked the pure profit-driven motives to the indiscriminate exploitation of resources; mentioned that the mankind has woken up with checks like the UN’s Paris Accord; mentioned that a cause of concern is the rise of far-right politicians like Trump and Bolsonaro who are pro-manufacturing industries and detractors of climate change; touched upon how profit-driven firms exploit their employees and put them into undue stress; concluded by saying some amount of government regulation is necessary for sustainable development and added that there was never a better time to remember the Mahatma’s quote - “The Earth has enough for everyone’s need but not for everyone’s greed”.Resume Writing:A question about describing a rewarding work place situation and the gains from it(This question is not for freshers).A question about a decision that I took and failed, the learnings from the failure.The time limit was 15 minutes for this component. I used an instance from my work experience in my first answer and an instance from my college in the second answer.Interview:There were four panels in total with around 10 students per panel I was allotted the fourth panel. I was the first one to be interviewed in my panel. There were two middle-aged male panelists(M1 and M2). M1 is an Associate Professor specialising in Finance, Accounting and Control while M2 is a Professor specialising in Strategic Management. M2 called me inside.M1: How are you? And, please take your seat.K: I am good, Sir! How are you? And Good morning sirs.M1: Good good!M2: Good morning!M1: (Going through my Personal Data Form) You have been working in Deloitte for just 5 months. Why just 5 months? Why do you want to leave it now?(M1 passes my Personal Data Form to M2 as I start answering)K: Sir, I am working in the Technology Consulting Domain. I also spent my final semester at Deloitte. Hence, it’s been more than a year at Deloitte. Having said that, I want to switch stream because my scope in the present role is narrow. I’ll be restricted to IT Project Management while I want to move into a General Managerial role. I believe I possess good leadership skills and decision-making skills. I also….M1: (Reading my Resume questions’ answers) Enough enough… So you’re a Manual Tester at Deloitte?K: Yes, sir. And I am also the functional analyst of my project.M1: What does that mean? Explain.K: Explained.M2: (Reading my Resume questions’ answers) You have written here that you have increased your CGPA by 10 percentage points. What happened? Why the slump happened?K: As I have written in my WAT, I come from a small rural town. I did not have much worldly knowledge when I entered college. I was a bit arrogant that I possessed great leadership skills. I was ignorant to that extent that I thought getting into a good Engineering college would mean passing out with a good managerial job. I didn’t pay much heed to my academics because of this. As a result, I had five backlogs and my grades were in the 50s at the end of the first year. I realised my mistake, I realised that I would get nowhere in life at this pace and started working hard. I studied the basics of my academics and this not only resulted in my grades improving from the 50s to the 60s, but also helped me to secure an Internship + Full-time offer from Deloitte in the final year.(M2 asks for my file meanwhile) I also struggled to hold a single complete conversation in English at the end of my first year. I worked on this also. Apart from this, I started participating in Extra-curricular activities. In the third year, I….(M1 cutting in)M1: Enough. What’s your favourite subject?K: DBMSM1: We are hearing this term called R-DBMS. I don’t know much about it. What’s mean by R-DBMS? Can you explain it for us?K: Sure sir, R-DBMS stands for Relational Database Management Systems. Here, we store the data in tuples and the data are related and connected and are stored in a structured format. The data are stored in a table in the format provided by the schema. We use an unique identifier to retrieve related data.M1: All these discussions are okay. But tell me what it is. Tell me what is the difference between R-DBMS and DBMS?K: Sir, R-DBMS is a subset of DBMS. DBMS can be non-relational also. As I was saying, the data in a tuple will be related. Say, for an example, we can create a DB of all the shortlisted candidates of IIM Kozhikode, storing it in, the various details of the candidates like Academics scores, work experience and so on. These data will be structured according to the schema. While if we take the case of… (M2 cutting in)M2: We store data in tables using unique identifiers in Excel also. Tell us what differentiates it from other DBMS?K: (After thinking for a few seconds) I don’t know Sir.M1: (Mockingly) You don’t know that and DBMS is your favourite subject. Okay, how good are you in Maths?K: I am interested in Maths but I tend to commit very silly mistakes. But Maths is my favourite subject.M1: Let’s see what silly mistakes you are going to do now. Draw the graphs of these two functions. (He writes 1) y = x^2 and 2) y = |x|/x)(Lucky to get such simple functions, I completed it in 15 seconds)M1: (Pointing to the first equation) What is the first order derivative of this?K: Sir, it will be 2x.M1: Yes, what do you mean by it? What do you mean by the first order derivative?K: (Stupidly) Sir, it means that the equation is differentiated once.M1: That is okay. You are saying it is dy/dx. What do you mean by that?K: (Stupidly again) Sir, by dy/dx we mean that y is differentiated with respect to x once.M1: You are taking it to some other place. What do we by finding the first-order derivative? Why do we do that?K: To find the critical points.M1: So if we differentiate it once, we can get to know the critical points ah?K: No sir, we need to equate the first order derivative to zero. The values satisfying this equation will be the critical points of our equation.M1: Why do we do that? Why do we need critical points?K: To find the local maxima and minima of our equation.M1: You are dragging it somewhere. We say the first-order derivative is f’(x). What do we do with that? How do you say maxima and minima exists at critical points?K: (In a totally consfused state)Sir, because the slope changes sign at the critical points. And by differentiating it again, we can find the local maxima and minima.M1: How?K: Sir, by equating the second-order derivative to zero. If it is less than zero, a local maxima exists at that point while if it greater than zero, a local minima exists at that point.M1: You have now taken it to f’’(x). (Looks at M2)M2: What are your hobbies?K: (Relieved) My hobbies are browsing, solving logical… (M2 cutting in)M2: (Mockingly) Browsing Quora is a hobby?K: Sir, I meant I do it in my free time. Apart from that I like to solve logical puzzles especially sudokus and I follow Cricket.M2: You follow Cricket. How long have you been doing it? From long back or only the current Cricket?K: Cricket is the first thing I took interest in apart from academics. I do it from 2002…. (M2 cutting in)M2: What are the records our current captain holds?K: (Confused for a couple of seconds whether he is mentioning Virat or Rohit as Virat is rested now) Sir, our current captain in the T20 International series against the New Zealand is Rohit Sharma. He…. (M2 cutting in)M2: Acha. I meant our main captain, Virat Kohli.K: He is the fastest to reach every number of centuries from 30 in ODIs…. (M2 cutting in)M2: What do you mean by that?K: Sir, I meant that he took the minimum number of innings. Hashim Amla is close on his heels to break this minimum number of innings record… (M2 cutting in)M2: Which country he is from?K: South Africa. Kohli holds 39 ODI centuries till date, the second highest.M2: Who has more?K: Sachin Tendulkar.M2: Any other records?K: He is about to break the record for highest number of Test wins as an Indian captain.M2: Whose record is he going to break?K: (At the moment, thoughts started running in my mind that why they are asking simplest of the questions) MS Dhoni.(M2 looks at M1)M1: Do you follow Current news? What’s happening around? Do you follow any?K: I do.M1: What’s your native?K: I am from a rural town called Nellikuppam in the Cuddalore District of Tamilnadu. It is a coastal district.M1: Do you know the Tanjore temple?K: Yes sir, the Brihadeeswarar temple.M1: Yes, what’s special about it?K: Sir, the Gopuram above the sanctum sanctorum was scripted with a single rock.M1: When was it built?K: Sir, around the turn of the second millennium.M1: Matlab, how many years back?K: Around 1000 years.M1: How did they built it back then without any modern equipments?K: (Using my hand to show the ramp they built) Sir, they built a slope to the desired height and used it as a road. They placed the rock over a wheel and kept changing the wheels. They also use man power to pull the rock to the top.M1: Which empire is behind the construction?K: Sir, the Chola empire.M1: Which king specifically?K: The Rajarajachola, sir.M1: What were the main dynasties of Tamilnadu.K: Sir, the three main dynasties of Tamilnadu were Cheras, Cholas and Pandiyas. The Palla…(M1 cutting in)M1: The Pallavas? Okay, go ahead.K: Yes sir, I was about to mention them. They ruled over the Southern Andhra and the North Tamilnadu. The Mahabalipuram temple is their architecture marvel.M1: What do you know about the three dynasties?K: They were known for their valour. The Cholas engaged in Coastal warfare extending their empire to North Srilanka, Myanmar, Thailand amongst others. That’s all I know, Sir.(M1 and M2 looked at each other and they said they were done. I thanked them and left)To sum up, almost all the questions were so basic that I was wondering during the interview whether am I in an old IIM interview. I could have done a lot better especially in the last question since I knew a lot about them but couldn’t recall at that moment.Personal Rating: WAT - 16/20, Resume Writing - 7/10 and PI - 21/30.Verdict: Awaited.Season 1:Profile:GEM Fresher.X - 95.6%(Tamilnadu Board)XII - 92%(Tamilnadu Board)UG - 66.2% at the time of the interview. (B.Tech.(IT) from PSG College of Technology, Coimbatore)CAT 2017 - 99.06 percentile (93.51|99.84|95.90)Having secured only 99.06 percentile in CAT, I wanted to retake CAT and XAT again and give it a one more push for IIM C, FMS and XLRI. So I just planned to attend the interviews of all those institutes which called me (IIM S, New IIMs and IIFT) without serious preparation and gain some useful interview experience for next year.Episode 3: IIM AmritsarDate: 14/05/2018Venue: Monarch Luxor Hotel, BangaloreWritten Ability Test(WAT):Is the era of Coalition Politics over?I believe I did a good work of my WAT. I wrote about how a slight swing of votes can hamper the ruling party’s majority status in the Center and the states where the ruling party has thin majority. I explained that the Coalition Politics has been effectively employed in the past to counter the emergence of a party as the single largest by mentioning various instances. I concluded by saying that the Coalition Politics is here to stay.Interview:There were five panels in total and I was allotted the second panel. I was the second one in my panel. There were two middle-aged male panelists(M1 and M2). M1 called me inside. I went in and M2 asked me to take the seat. I later came to know that M1 was from IIM K and M2 was from IIM ASR by going through the Faculty Directory of IIM K and IIM ASR.M1: (cheerfully) How are you, Karthik?K: I am good, Sir! How are you?M1: I am fine Karthik! Thank you. Can you tell us about your Final year project ?K: Mentioned that I am interning at Deloitte USI instead of doing a project in the final semester.M1: Tell us more about it.K: Briefly explained my job role.M1: Have you studied Statistics in your UG?K: Yes, sir.(A few questions from Normal Distribution followed. I answered those satisfactorily)M1: You have studied about Graph Theory, right?K: No Sir! It was offered to me as an elective and I didn’t take it. (But, it was a small part in the Data Structures course and what followed is a series of questions from Graph Theory and I answered most of those with a “I don’t know”)As the Graph Theory ordeal ended, M1 started to rapid fire GK questions and I answered most of those questions. M1 passed on the baton to M2 who was silent till now.M2: Did you take part in any Extra-curricular activities in college?K: **Finally! The question I was longing for** Answered in detail the various extra-curricular activities I have taken part in my UG and explained my responsibilities in the PoRs I had held.M2 seemed visibly impressed and followed it up with two Current Affairs questions. As M2 said that he was done, M1 asked about my calls and my preference. He further asked me “Why IIM Amritsar?” and finally wished me All the best!Scores: WAT - 10/10 and PI - 37/40. (Source: RTI)Verdict: Converted.Episode 2: IIM ShillongDate: 12/04/2018Venue: Monarch Luxor Hotel, BangaloreCase Discussion(CD):The case was about the Railways Department of a developing African Country. The trains were found to be often late and hence the General Manager has hired Mr.X to improve the situation in one year. Mr.X was give a one-year deadline to produce results and he was bestowed with high-profile decision making rights. But, even after regulating the whole process there seemed to be no improvement in the punctuality levels of the Railways. As the one-year deadline draws to a close, Mr.X is called for a meeting. What should be his stance in the meeting?The CD went well. It was evaluated by a two-member panel. I pitched in two times and made valuable points.Interview:It seemed that they had planned to have seven panels initially. Since the interview happened after the results of ABC were out, a significant number of people gave it a miss. So we were accommodated in five panels. I was allotted the third panel and I was the first one in my panel. There were two panelists - a middle-aged male professor, M and a middle-aged female professor F. I later came to know that F is the Dean(Research) of IIM S and M is a Consultant on contract in IIM S. M called me in and F asked me to take the seat.F began the Interview with the customary “Tell me about yourself”. F followed it up with a few GK questions like - “Which is the last country our PM visited?”, “What is the recent news about Donald Trump?”, “What is the number of Union Territories in our country?” and “Mention the Union Territories along with their capital”. I answered those questions satisfactorily. M then took over.M asked me a slew of academic questions(my grey area) starting from an easy one like “What is Cloud Computing?”. He then asked me some questions from my ‘Information Security’ and ‘Data Structure’ papers. I answered most of these questions although not satisfactorily. The interview ended with F offering me a toffee.Verdict: Rejected.Episode 1: Common Admission Process(CAP) for nine new IIMsDate: 23/02/2018Venue: Monarch Luxor Hotel, BangaloreI was asked to report at 08:30 AM. I reached there by 8:10 AM. The WAT venue was the sixth floor Banquet Hall of the hotel. The professors in-charge of WAT started the attendance sheet signing at 08:30 AM sharp. No document verification happened but our Personal Data Form was collected before the WAT.Written Ability Test(WAT):Government is thinking of making rural practice compulsory for new medical graduates. What is your opinion on this ? Suggest some other measures to improve rural healthcare. (Not verbatim)My WAT was decent. I wrote about the imbalance in medical accessibility between rural and urban citizens, the poor UG seats to PG seats ratio in medicine and the measures government should take to attract those medical graduates who were unable to make the PG cut to rural healthcare. I also suggested some measures like E-consulting and government funding for treatment of rural people in urban hospitals to bridge the rural-urban divide.After the WAT, we were informed that the Interviews will be conducted in the fifth floor and we were asked to move down there after having some refreshments.Interview:There were five panels in total and I was allotted the fifth panel. I was the second one in my panel. There were three middle-aged male panelists(M1, M2 and M3). M1 called me inside the room and M2 asked me to take the seat. I(K) exchanged pleasantries with the panelists as M1 starts reading loud my Personal Data Form.**Thoughts inside double asterisk**M1: (reading my Personal Data Form) You are from Tamil Nadu. Tamil theriyuma ? (Translation: You know Tamil ?)K: Theriyum Sir. (Translation: I know Sir)(After a short pause)K: (Smiling) Nallavey theriyum Sir. (Translation: I know well Sir)M3: (reclining in his chair) You are from Cuddalore. There is a famous waterbody which supplies water from Cuddalore to Chennai. You know the name of it ?K: Yes Sir, Veeranam Yeri.M3: You know the history of the lake ?K: I don’t know Sir.M3: Do you know the reason behind its name?K: Sorry Sir, I don’t know.M3: You studied at Coimbatore. Mention a famous businessman who studied at Coimbatore and is holding a top position in a famous company now.K: Shiv Nadar.M3: No no.K: Shiv Nadar studied at Coimbatore. He is actually an alumni of PSG College of.…. (M3 cutting in)M3: Okay. Let’s make it simple. I’ll give you an hint. I am looking for the name of the Chairman of Tata Sons.K: Sorry Sir, I couldn’t recollect.M3: His name starts with Chandra. Now you should get it.K: No Sir, I could still not recollect.M3: His name is Chandrasekaran. Do you know the person who was the Chairman before he took over ?K: Yes Sir, Cyrus Mistry.M1: (Looking at my Personal Data Form) Why is your UG score this low?K: To be honest, I didn’t give much importance to academics initially. In the first two years, I wasted my time in….. (M1 cutting in with a shocked expression)**Hear me, I have a nice story to tell**M1: Why ?K: I was ignorant when I entered the college. I thought getting into a good college will mean passing out with a great job and I don’t….. (M1 cutting in)M1: Then you’ll do the same thing here again. You’ll get into a good MBA program and repeat the same thing thinking a job is assured.K: No Sir, I have learnt my lesson. From the third year, I have started to work hard. I held….. (M1 cutting in)**Not again**M1: Your grades are still the same in your third year also.K: Sir, I have improved my English a lot from my third year. At the end of the second year, I struggled to hold a single complete conversation in English without stammering. Also, I have done a lot of Extra-curriculars. I have….. (M1 cutting in)**Seems like I’ll not get an opportunity to talk about my Extra-curriculars and academic projects**M1: Why was that? (asking about my poor English in the past)K: That’s because of my background. I…. (M1 cutting in)M1: Are you from Tamil Medium ?K: No Sir, I studied in English Medium only. But they teach everything in Tamil.M1: Are you placed anywhere?K: Yes sir, I am currently interning at Deloitte U.S. India Consulting from 29th January.M1: Location ?K: Bangalore, Sir.M1: How long is your internship ?K: It extends till 27th of July, Sir. And, after that…. (M1 cutting in)M1: MBA programs starts from June or July. So how could you join then ?K: That’ll not be a problem, Sir. I can resign after converting.M1: Then how can you graduate without completing the internship?K: I’ll be graduating in May, Sir. I can show the work I have done in the internship till the end of April to satisfy the requirements of graduation.M1: What after July? You have an offer there after that?K: Yes sir, I have a full-time offer also.M1: Salary?K: ToldM1: Excellent! So you could work there for two years, get some experience and then come to MBA. Why are you here now?K: Sir, in this offer, I’ll be into Technology Consulting, not S&O consulting. It’s more like a service-based IT role. I don’t think it’ll be much relevant to MBA…. (M1 cutting in)M1: No work experience is irrelevant to MBA.K: I can work to gain some work experience points in the admission process but I believe the quality of work experience is more important.M3: So you are from IT background. Tell me what is the difference between CS and IT?K: Explained them the minor curriculum variations between CS and IT in the Anna University affiliated colleges.M1: (Looking into my Personal Data Form) Okay, hobbies?K: I like to solve logical puzzles, sudokus and I follow Cricket.M1: (Looks up and stares at me with his eyes wide open) Logical Puzzles ?(M2, who was busy till now munching on the dry fruits kept in the table, joining in)M2: You know about Fibonacci series ?K: (excitedly) Yes, Sir.M2: What’s so special about the series?K: Sir, it finds application in many real-world scenarios. The sunflower is one. And, also I have read somewhere that everything…. (M2 cutting in as I was about to talk about the series’ ubiquitousness in nature and using it as an approximate mile to kilometer converter.)M2: What do you mean by an application?K: **cursing me for my poor choice of words** Sir, I meant it is just a fact which I have read about. I have also read about….. (M1 cutting in)M1: Where does Fibonacci series come in Sunflower ?K: Sir, the seeds in the Sunflower’s face are arranged in that pattern.M3: So, tell us how many prime numbers are there between 90 and 100 ?K: Umm, 93 and 97. So two, Sir.(A question which I can answer even if asked in the middle of my sleep and I get it wrong in an IIM interview. I realized that I had committed this silly mistake only on my way back from the Hotel)M1: You sure about 93? Check again.K: **They’re checking my confidence** (confidently) Yes sir, I am sure.(I couldn’t stop laughing at myself on my way back from the Hotel for this super silly answer of mine)M3: What do you mean by a Prime Number?K: A prime number is a number which has only two factors, one being that number itself and the other being one.M2: So tell me how many squares are there in a Chess board?K: Asking him permission to use the notepad, I started writing the steps saying it follows the same logic as sum of squares upto n and here the n is equal to 8. I committed a minor calculation mistake which I corrected in an instant and arrived at the answer, 204.M2: Good.M3: Can you tell me the different types of software development methods ?K: Waterfall model, V-Model, Prototype Model, Spiral Model, Agile methodology…. (M3 cutting in)M3: What is the difference between Waterfall Model and Agile Model?K: ToldM3: What are the teams in the Agile Model called?K: Scrums.M2: Do you follow politics?K: A bit.M2: Why is there a black colour in Kamal Hassan’s party flag?K: I don’t know, Sir.M2: Think, think. Think and tell.K: Sir, I remember there is a black colour surrounding the central star. But I couldn’t recollect the reason.M2: You know the name of his party at least ?K: Yes Sir, Makkal Needhi Maiam and he has said that he will follow a centrist ideology.M3: What is your CAT percentile?K: 99.06, Sir.M3: You have a very good percentile. So you’ll be good at Numbers, right?K: To an extent, Sir. Actually my Quant and Verbal percentile are a bit on the lower side comparatively. DILR is my strength, Sir. I have scored 99.84 in that section.M1: Expand DILR.K: Data Interpretation and Logical Reasoning.M2: Logical Puzzles. Interesting hobby.M3: With this academics which are in the 60s, do you think you can make it to the IIMs?K: Sir, there are some IIMs which give lesser weightage to academics. I believe I can make it to those IIMs. Also, my tenth and twelfth scores are good. I have 90+ in both tenth and twelfth.M3: Did you ask for a change in the Interview center ?K: Yes Sir, initially I had opted for Chennai.M3: Why did you change the center ?K: Only after the submission of my application, I got my internship offer letter specifying the location. So I opted for a center change.(M3 looks at M1 and M2. They say they’re done.)M3: I have one more question for you. You know about the abbreviation GAFA?K: Sorry Sir, I don’t know.M3: Write it down. You can decode it better.M3: (as I write on the notepad) Very famous US Technological Giants.(I misinterpreted his ‘Giants’ as ‘Giant’s’ and that changed my entire thought process)K: Sorry Sir, I still couldn’t get it.M3: G is simple, we use that daily.K: Google ?M3: Yes. The rest?(Since I thought the abbreviation is used to denote a single Giant, I started to think only on the Google angle)K: Alphabet?M3: No no. Okay, first tell me what is the difference between Alphabet and Google?K: Sir, Alphabet includes all its subsidiaries like…. (M3 cutting in)M3: Okay. You got that. Now answer the previous question.(As I was thinking)M3: A is fairly easy to get. To give an hint, one of the devices in this table is a product of A.(Now it dawns upon me that it is ‘Giants’ and not ‘Giant’s’)K: Apple?M3: Yes, the next?K: Facebook. Ummm, Adobe?M1: No no.K: Amazon.M3: Yes. Two of those four companies have started e-wallets in India. You know which two?K: Yes Sir, Google with Tez and Amazon with Amazon Pay Wallet.M3: Yes.M2: That’s it. Thank you Karthik! All the best!I thanked them individually and left the room.Scores: WAT - 14/20 and PI - 29.045/50. (Source: RTI)Verdict: Rejected at Trichy, Ranchi and Rohtak. Waitlisted at Udaipur, Raipur and Sambalpur. Converted Bodh Gaya, Kashipur and Sirmaur.

Insurance:What is Insurance?Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.InsuranceUnderstanding How Insurance WorksThere is a multitude of different types of insurance policies available, and virtually any individual or business can find an insurance company willing to insure them, for a price. The most common types of personal insurance policies are auto, health, homeowners, and life. Most individuals in the United States have at least one of these types of insurance, and car insurance is required by law.Businesses require special types of insurance policies that insure against specific types of risks faced by a particular business. For example, a fast food restaurant needs a policy that covers damage or injury that occurs as a result of cooking with a deep fryer. An auto dealer is not subject to this type of risk but does require coverage for damage or injury that could occur during test drives. There are also insurance policies available for very specific needs, such as kidnap and ransom (K&R), medical malpractice, and professional liability insurance, also known as errors and omissions insurance.Insurance Policy ComponentsWhen choosing a policy, it is important to understand how insurance works.[Important: Three crucial components of insurance policies are the premium, policy limit, and deductible.]A firm understanding of these concepts goes a long way in helping you choose the policy that best suits your needs.PremiumA policy's premium is its price, typically expressed as a monthly cost. The premium is determined by the insurer based on your or your business's risk profile, which may include creditworthiness. For example, if you own several expensive automobiles and have a history of reckless driving, you will likely pay more for an auto policy than someone with a single mid-range sedan and a perfect driving record. However, different insurers may charge different premiums for similar policies; so, finding the price that is right for you requires some legwork.Policy LimitThe policy limit is the maximum amount an insurer will pay under a policy for a covered loss. Maximums may be set per period (e.g., annual or policy term), per loss or injury, or over the life of the policy, also known as the lifetime maximum. Typically, higher limits carry higher premiums. For a general life insurance policy, the maximum amount the insurer will pay is referred to as the face value, which is the amount paid to a beneficiary upon the death of the insured.DeductibleThe deductible is a specific amount the policy-holder must pay out-of-pocket before the insurer pays a claim. Deductibles serve as deterrents to large volumes of small and insignificant claims. Deductibles can apply per-policy or per-claim depending on the insurer and the type of policy. Policies with very high deductibles are typically less expensive because the high out-of-pocket expense generally results in fewer small claims.So let's define insurance scheme:What is an insured scheme?There are two kinds of scheme that landlords can use to register a rental security deposit: custodial and insured. ... Under a custodial scheme, the money is held by the scheme provider; under an insured scheme, the landlord can keep the money in their own bank account during the tenancyNow we will define what is online banking fraud:Internet Banking Fraud is a fraud or theft committed using online technology to illegally remove money from a bank account and/or transfer money to an account in a different bank. Internet Banking Fraud is a form of identity theft and is usually made possible through techniques such as phishing.So let's take a closer look into online banking fraud and how to avoid it:Internet banking fraudsInternet Banking Fraud is a fraud or theft committed using online technology to illegally remove money from a bank account and/or transfer money to an account in a different bank. Internet Banking Fraud is a form of identity theft and is usually made possible through techniques such as phishing.Now internet banking is widely used to check account details, make purchases, pay bills, transfer funds, print statements, etc. Generally, the user identity is the customer identification number and password is provided to secure transactions.But due to some ignorance or silly mistakes you can easily fall into the trap of cybercriminals.Here are some simple tips to prevent you from falling into the trap of cybercriminals. Remember, simple ignorance or oversight can make a huge dent in your hard- earned savings.Securing your account: Avoid online banking on unsecured wifi systems and operate only from PCs at home. Never reveal the password to anyone. Do not even write it on a piece of paper on a diary. Just memorize it. It should be alphanumeric and change it frequently.Never reply to queries from bank online about account or personal details. The personal information should not be kept in a public computer or in emails.Phishing: A person's personal details are obtained by fraudsters posing as bankers, who float a site similar to that of the person's bank. They are asked to provide all personal information about themselves and their account to the bank on the pretext of database upgradation. The number and password are then used to carry out transactions on their behalf without their knowledge.Phishing involves using a form of spam to fraudulently gain access to people's online banking details. As well as targeting online banking customers, phishing emails may target online auction sites or other online payment facilities. Typically, a phishing email will ask an online banking customer to follow a link in order to update personal bank account details. If the link is followed, the victim downloads a program which captures his or her banking login details and sends them to a third party.Spam: Spam is an electronic 'junk mail' or unwanted messages sent to your email account or mobile phone. These messages vary but are essentially commercial and often annoying in their sheer volume. They may try to persuade you to buy a product or service, or visit a website where you can make purchases, or they may attempt to trick you into divulging your bank account or credit card details.Nigerian Scam: Nigerian or Frauds 409 or 419 are basically the lottery scam in which some overseas persons are involved to cheat innocent persons or organizations by promising to give a good amount of money at nominal fee charges. Their intention is to steal money in the form of fee against the lottery prize.Spyware: Spyware such as Trojan Horse is generally considered to be software that is secretly installed on a computer and takes things from it without the permission or knowledge of the user. Spyware may take personal information, business information, bandwidth; or processing capacity and secretly gives it to someone else."Trojan Horse" scheme unfolds when malicious software (malware) embeds to a consumer's computer without the consumer being aware of it. Trojans often come in links or as attachments from unknown email senders. After installation, the software detects when a person accesses online banking sites and records the username and password to transmit to the offender. People using public computers, in places like Internet cafes, are often susceptible to Trojans like malware or spyware.Check sites Url: Always check the URL of your bank's web site. Fraudsters can lure you to enter your user ID and password at a fake website that resembles your bank. If you see anything other than the bank's genuine URL, it has to be fake.Never enter your user ID or password or such sensitive information without ascertaining that you are on the right website. Always type the Web address of your bank into the browser address space. Never click on the link in the email.Fool-proof password: Change your online banking password at regular intervals. Also, avoid easy-to-guess passwords, like first names, birthdays, kid's or spouse's name and telephone numbers. Try to have an alpha-numeric password, one that combines alphabets and numbers.If you have several bank accounts, never use the same online banking password for all. Never select the option on the browser that stores or retains user name and password. As it can easily be cracked by cybercriminals. Also, never paste your password, always type it in. This little amount of `finger exercise' will go a long way in safety.Always check 'last logged': Most banks have a 'last logged in' panel on their websites. If your bank has it, check the panel whenever you log in. If you notice irregularities (like you are logging in after two days, but the panel says you logged in that morning!), report the matter immediately to your bank and change your password right away.Always log out when you exit the online banking portal. Close the browser to ensure that your secure session is terminated. Never exit simply by closing the browser.Keep your system up to date: Regularly check for security updates for your computer operating system. Most security updates are aimed at reducing risks to your computer, these may be data-related or otherwise. Make sure that your operating system and browser have the latest security patches installed. And, always install these only from trusted websites.Install a personal firewall to prevent hackers from gaining unauthorized access to your computer, especially if you connect to the Internet through a cable or a DSL modem.Public access can be injurious: Don't leave the PC unattended after keying in information while transacting on the website. Avoid accessing your bank online at cyber cafes or on a share or public computer. Also, avoid locations that offer online connections through wireless networks (Wi-Fi), where privacy and security are minimal.Follow Bank instructions: Banks say that appropriate upgradations are carried out from time to time by their IT departments for risk mitigation. They issue instructions to the customers to manage their accounts through virtual keyboards by way of which the characters typed by them are not identified by hackers. SMS alerts are also an important tool since any transaction carried out on account is reported to the account holder through an SMS.Protection: Learn the ways to protect yourself from online banking fraud schemes. Detect Trojans that appear on your PC in the form of viruses, spyware or malware through Antivirus Software, anti Spyware, and Adware. Also, learn to keep your cards, documents, and passwords safe, and monitor your accounts to safeguard yourself from bank fraud committed through identity theft.Now, let’s look at the services an insurance broker is supposed to provide you with:Services Your Insurance Agent Should ProvideBY MARIANNE BONNERUpdated October 02, 2018Insurance agents and brokers earn commissions on the premiums you pay for insurance policies. What services can you reasonably expect your agent or broker to provide in return for those commissions? This article will answer that question. For this discussion, any reference to an agent includes a broker.Knows Your BusinessYour agent should understand your business. He or she needs to know what your company does, how it operates, where it is located and other essential details. Your agent is not a mind reader. You know more about your business than anyone else. Your agent must rely on you to be forthcoming with information. Be sure to tell your agent if your business has any unique risks, such as a sideline operation or an affiliation with another business.Conduct a Risk AssessmentOnce your agent understands your business, he or she should help you assess your risks. Ask your agent what types of losses are typically incurred by businesses like yours and what you can do to prevent them. Your agent should help you review your options for managing risk. For instance, your agent may suggest that you set up a loss control program, buy an insurance policy, utilize self-insurance, and/or transfer risk to someone else via an indemnity agreement.Analyze Your NeedsOnce your agent has a basic understanding of your company's risk, he or she should analyze your coverage needs. Some types of insurance, such as auto liability and workers compensation, are compulsory. Others are not mandated by law but are crucial nonetheless. An example is ​general liability insurance. Some types of insurance (like auto physical damage coverage) are valuable but not always essential. To make the most of your insurance budget ask your agent to rank the coverages he or she recommends based on their relative benefit to your business.​Shop AroundThe next step is to submit applications on your behalf to one or more insurance companies. If you are using an independent agent, he or she should be familiar with the products offered by the insurers the agency represents. Your agent should also know which of these products will best suit your needs. Preferably, your agent will obtain quotes from several insurers. However, this may not be possible if your business is risky, has unusual characteristics or poor loss history. In that event, your agent may ask a surplus lines broker to obtain quotes from one or more non-admitted insurers.Review Quotes and Select the Best OptionOnce your agent has received quotes from the insurers, he or she should help you compare them. It is your agent's responsibility to ensure that the quoted premiums include the coverages you requested. If any of the premiums are too high or the coverage is lacking, your agent should try to negotiate a better deal on your behalf. Once the quotes have been finalized your agent should help you select the policy that best suits your needs.Monitor Your CoverageYour agent's job doesn't end once you have purchased a policy. Your business is likely to grow and change over time, and your insurance needs to adapt to those changes. Your agent should contact you at least once a year for a renewal update. If your insurance has been written by the same insurer for several years, ask your agent about marketing your business to other insurers. The marketplace may have changed since your coverage was written and better options may be available.Help With ClaimsIf your company sustains a loss, your agent should provide guidance in completing claim forms and submitting them to the insurer. The agent should monitor the claim to ensure it is processed promptly. If your claim payment is delayed or denied, perhaps due to missing or inaccurate information, your agent can talk to the adjuster on your behalf to speed up the payment process. Once your claim has been paid, your agent can help you determine whether the payment amount is fair and reasonable.Provide GuidanceYour agent should be available to answer questions related to your insurance coverage. For example, if you intend to travel outside the U.S. on business, your agent should be able to tell you whether your existing coverage will apply in a foreign country. Be sure to contact your agent right away if your business takes on a new risk (such as buying a new building) or undergoes a significant change.Serve as Your AdvocateYour agent should serve as your advocate in dealing with insurers on a variety of issues (not just claims). He or she should work with insurance company employees to resolve problems on your behalf. For example, suppose an underwriter wants to non-renew your property policy because you have sustained several losses. Your agent should work with the underwriter to negotiate a less drastic solution, such as a larger deductible.It’s a bit difficult to narrow down the best insurance brokers, that would provide the best scheme for online bank fraud, so what I am going to do is provide a list of the first 15 top brokers, and the services they provide- then you will make your choice:15 Largest Insurance BrokeragesBY MARIANNE BONNERUpdated December 10, 2018The 15 largest insurance brokerages of U.S. business are listed in the table below. The rankings are based on revenue earned in 2016. The source of the data is a list published by Business Insurance (an insurance news magazine) entitled "100 Largest Brokers of U.S. Business." When it created the ranking, Business Insurance did not include brokers that derived more than 49% of their gross revenue from personal lines business.Act on Behalf of BuyersInsurance brokers serve as intermediaries between insurance buyers and insurance companies. They differ from insurance agents, who sell policies under contractual agreements with insurance companies. Brokers act in the interest of insurance buyers. They have no authority to bind coverage or issue policies. To initiate coverage on behalf of an insurance buyer, a broker must ask an underwriter at the insurer to issue an insurance binder. Alternatively, the broker may issue a binder but no coverage will take effect unless the binder is signed by an underwriter or other authorized representative of the insurer.Broad Range of ServicesLarge brokers provide a broad range of services. While the specific services provided vary from broker to broker, many offer the following:Risk management servicesLoss control servicesClaims management servicesPrivate client services (personal coverages for wealthy individuals)Analytics (such as loss forecasting)Employee benefitsCaptives and other forms of alternative risk transferAffinity programs (insurance programs designed for groups, such as franchises)Mergers and acquisitions (help facilitate transactions and manage risks)Terrorism and political risk (help manage risks and secure insurance)Several of the largest brokers operate worldwide. Some, like Aon and Willis Towers Watson, is based in London. Others are headquartered in the U.S. Many maintain offices in foreign countries. Examples are Marsh, AON, and Willis. Others, such as USI and BBT, operate mainly in the United States. Some, like BB&T, our insurance subsidiaries of financial conglomerates.The first six brokers on the list are public companies and are listed on the New York Stock Exchange. HUB, Lockton, USI, Alliant, NFP, AssuredPartners, Acrisure, and Broadstreet Partners are private companies.Recent AcquisitionOne significant change that has occurred in the brokerage industry is the acquisition of Wells Fargo Insurance Services by USI Insurance Services. USI announced its intention to purchase Wells Fargo's insurance business in June of 2017 and finalized the transaction the following December. According to Insurance Journal, USI obtained various insurance operations from Wells Fargo. These include commercial insurance brokerage and consulting, employee benefits, property/casualty national practices, small business insurance, student insurance, and a program administrator called Safehold Special Risk.The Top 15Here are the largest 15 brokerages listed in descending order based on 2016 revenue. Note that the list includes insurance brokerages only. The largest 25 insurance agencies are included in a separate list.1. Marsh & McLennan Cos. Inc.​Revenue: $6,614,500,000Headquarters1166 Avenue of the AmericasNew York City, New York 10011Tel.: (212) 345-5000Website: Global Leader in Insurance Broking and Risk Management2. Aon P.L.C.Revenue: $6,065,933,500Global HeadquartersThe Aon CentreThe Leadenhall Building122 Leadenhall St.London, England EC3V 4ANTel.: +44 (0)20 7623 5500Fax: +44 (0)20 7621 1511Website: http://www.aon.com3. Willis Towers Watson P.L.C.Revenue: $3,733,440,000HeadquartersThe Willis Building51 Lime St.London EC3M 7DQTel.: +44 (0) 203 124 6000Website: Global Risk Advisor, Insurance and Reinsurance Broker4. Arthur J. Gallagher.Revenue: $2,888,409,000Global Corporate Headquarters2850 Golf RoadRolling Meadows, IL 60008Tel.: (630) 773-3800Website: Gallagher Insurance, Risk Management & Consulting : Gallagher5. BB&T Insurance Holdings Inc.Revenue: $1,809,175,000Headquarters3605 Glenwood AvenueRaleigh, NC 27622-1128Tel. Tel.:919-716-9770Website: McGriff Insurance Services6. Brown & Brown, Inc.Revenue: $1,762,787,105Headquarters220 South Ridgewood AveDaytona Beach, Florida 32115(386) 252-9601Tel.: 919-716-9770Website: Brown & Brown Insurance | Insurance & Risk Management Solutions7. HUB InternationalRevenue: $1,286,060,100Headquarters300 N. LaSalle St., 17th FloorChicago, IL Illinois 60654Tel. (312) 432-2558Website: Insurance Brokers | HUB International8. Lockton Cos. LLC.Revenue: $1,054,685,740Corporate Office444 West 47th St., Suite 900Kansas City, MO 64112Tel.: (816) 960 9000Website: https://lockton.com9. USI Insurance Services L.L.C.Revenue: $1,030,124,263Corporate Office200 Summit Lake Drive, Suite 400Valhalla, NY 10595Tel.: (914) 749-8500Website: Insurance Brokerage and Consulting10. Wells Fargo Insurance Services USA Inc.Revenue: $980,800,000Headquarters200 Summit Lake Drive, Suite 400Valhalla, NY 10595Tel.: (914) 749-8500Website: https://wfis.usi.com11. Alliant Insurance Services, Inc.Revenue: $966,769,832Headquarters1301 Dove St., 2nd FloorNewport Beach, CA 92660Tel.: (949) 756-0271Website: https://alliant.com12. NFP Corp.Revenue: $930,815,040Headquarters340 Madison AvenueNew York, NY 10173Tel. :(212) 301-4000Website: Insurance Brokerage and Consulting | NFP13. AssuredPartners Inc.Revenue: $820,926,226Headquarters200 Colonial Center Parkway, Suite 140Lake Mary, FL 32746Tel.: Tel.: (407) 804-5222Website: Insurance Broker & Employee Benefit Solutions14. Acrisure LLCRevenue: $639,312,851Headquarters25664 Prairie Creek Dr. SECaledonia, MI 49316Tel.: 800) 748-0351Acrisure | Top 15 Insurance Brokerages in the United States15. BroadStreet Partners Inc.Revenue: $423,200,000Headquarters580 N. Fourth St., Suite 450Columbus, OH 43215Tel.: (614) 993-3011Website: BroadStreet Partners - Insurance Brokerage in Columbus, OH