W2, or the tax form is one document that gets shoved in between the grocery lists till it is the 11th hour. Come April 15th and everyone’s Facebook wall is filled with updates about how much they hate doing taxes. Frankly, filing for taxes is worse than doing laundry, a task so unchallenging that you postpone it till you run out of underwear and are compelled to wear mismatched socks. In one out of my four years of tax filing, I have actually missed the deadline. It is something that keeps sitting like a log in your work schedule and you never want to get started.
However, things get somewhat rosy once you are done with your taxes. As a student, you pay a meager amount as taxes and get most of it as returns. The same continues once you graduate from school but are still on OPT. Last year I actually made a trip to the North after getting my tax returns. This year I was hoping for something similar, wondering whether to go back again when I get tax returns. Things changed and I had to come back, which also meant I needed to finish my taxes a month before the deadline. It took me 2 days to find my W2 hidden in the hinterlands of somewhere and then another 2 days to figure out what I am supposed to do. I was still hoping I would make a small fortune from the tax return money and fund myself a trip for later when I realized with a broken heart that not just do I not get any refunds, but I owe the IRS some 1,000 bucks.
Don’t even ask me about the rationale behind it. Not that I was too interested in listening to the reasoning, given that I was left without a job, without any earning, without someone to fall back on, without any self-esteem, and without a trip. IRS could take all my money, all the social security taxes I paid and got no benefits in return, my savings, my ancestral property, and more if needed, and kiss my big you-know-what !!! No prizes for guessing, I was livid.
If only I could claim the sexy bartender I met at one of the bars as a dependent. If only I could claim buying a new car or a new house. If only I was dating an IRS gal. If only I had carefully saved those receipts of furniture donated to Goodwill. If only there were tax-deductible lay-off packages. If only I was retiring. Or getting myself a brand new wife. Or a job. The possibilities of saving on taxes seem endless now. If only ….
Tuesday, December 14, 2010
IIM Calcutta - what happened?
Life is full of what ifs. The earth would not have moved of course, but it was one of the reasons I paid a visit to IIM C on the net through my friends a couple of days ago. That, and professional curiosity.
IIM Calcutta is the 'original' IIM. The first one that came into existence. And yet, despite its MIT lineage, the glorious headstart and impressive enough alumni network, it is now considered to be behind not just IIM A but IIM B. What happened?
Well, I can't provide a conclusive answer but here are a few quick impressions. I know IIM A background may be held against but in my defence I would like to point out I write about B schools and hence make it my business to gather first hand information about as many as possible.
Joka, here I come
The postal address of IIM C mentions 'Diamond harbour'. In the course of a 200 buck taxi ride from Howrah station, you get the full 'experience' of Calcutta. Past the amazing British zamaane ka buildings including the Governor's mansion and the India Government Mint.
Past trams, markets and streets and streets of grimy looking structures which look like they haven't been painted since 1947. The scenery does not improve until you reach the IIM C gate.
Inside, is the most beautiful holiday resort you can check into for two years. Yes, I heard of the 'lakes' but imagined they would be ponds. This is breathtaking.
So are the flowers. I'm told they bloom, all year round.
The whole atmosphere is friendly, not intimidating. I felt awe. I felt humble, insignificant.
In time, the maze of red brick buildings became more familiar and well loved than home. But a sense of this being a larger than life institution remained. That sense is missing at IIM C.
It may sound superficial to say that architecture can make so much of a difference in making or breaking a brand but it's true. When a newspaper has to choose a stock photo to go with any article on MBA, what does he or she do? 98 times out of 100 the photogenic IIM A makes it to print.
And with many other B schools from MDI to MICA also choosing the red brick look, it's more subliminal brownie points for Brand IIM A.
Looking deeper
IIM C grads themselves admit (and proudly so!) that the institute is extremely laidback. Not just in terms of atmosphere but academics. Even in term 1 only 75% attendance is mandatory.
In contrast no one would dream of bunking in the early weeks at IIM A. Weeks which feel like 'Survivor' episodes although it's rare for anyone to actually get 'eliminated'. But everyone has a few of those nightmares....
IIM B was also laidback and less competitive. Except it was considered to be far far behind IIM C. It was, in fact, known as the 'public sector IIM' because that's where its grads generally got jobs.
Then, several things happened. A director who was earlier a faculty member at IIM A fiddled around and made the B program more 'tough'. More importantly, Bangalore's rise as an 'IT capital' saw its stock as a city zoom while Calcutta was stagnating. Placements at IIM B caught up with A and C to a large extent.
Then, circa 2000, a Business Today survey made IIM B the 'no 1' B school in the country. A ranking no one believed but had its shock value.
The next year, A regained its no 1 position but B was now ranked ahead of C in almost every survey. Yet, IIM C and its alumni remained complacent. 'Who believes these surveys anyways?' was their defence.
Which is true but a combination of all the above factors led to a 'tipping point'. Students who had the choice started opting for IIM B to C. Guided by buzz from seniors and advice from coaching institutes.
IIM B I would say there is a sense of forward movement, new ideas, new initiatives on that campus. The PGPSEM program - a 3 year part time course for software professionals is a big hit and will soon be extended to Hyderabad and Chennai. IIM C too has several executive programs but none is a brand name as such.
IIM B has set up an Incubation centre funded by Infosys' N S Raghavan, IIM C has a centre for entrepreneurship and innovation but it seems to be a far more armchair variety than hands-on.
Bangalore being a far more happening city also has an impact in terms of attracting faculty. The faculty list at IIM C is over 90% Bong. Now you can argue that is because Bengalis are one of the few communities naturally inclined towards academics. But the faculty at both IIM A and B is far more mixed.
So it does appear as if sentimental attachment towards Calcutta might be a deciding factor for an academic choosing to work at IIM C. And that very factor may put off others. A friend who taught at IIM C for some time found the city rather dead and oppressive.
That's changing, with Calcutta - and Bengal in general - now playing 'catch up' with the rest of India. But the Joka campus also needs to join that game.
Er, world class?
Whatever the intellectual prowess of IIM C may be, some of the infra structure sucks big time. The hostels are shocking - ancient, lower middle class looking structures.The rooms are tiny- you can barely fit in one bed, and study table. The corridors are full of wooden racks where junta's underwears and banians hang to dry.
Yeah, one of the hostels is 'co ed' (but there's a separate wing for girls - they don' actually have rooms next to each other). That one seems to have rooms with modest balconies. But the overall impression is 1960s, Marxist style living quarters. Peeling paint, rust, lack of maintenance.
IIM A dorms are, in contrast, far better. Even there, much needs to be done to upgrade the old campus housing upto the standards of the new campus. But at IIM C I think entire hostel blocks need to be demolished and rebuilt.
Meanwhile, adding a few modern amenities like a washing machine and mini fridge wouldn't hurt. To attract international students - as IIM C hopes to - these changes will be absolutely necessary!
Bottomline
I am sure had I joined IIM C I too would have fallen in love with the place, mosquitoes et al. I too would have fine memories of the 'Howrah Bridge', friends made, times shared etc etc.
I know a bunch of you are going to be quite upset by now... And that the average IIM C grad believes he or she is special, creative and different compared to the supposedly driven, structured and soulless types from IIM A.
But, to a dispassionate and outside eye, there is a lot that can and must be done to the campus. Rankings aside, IIM C needs to regain its clout, become a leader in certain chosen spheres. Right now it appears content to follow where others dare to tread.
A general upgradation of facilities across the board, all over India is in order. I think a tour of Infosys, Wipro and other such gleaming modern campuses should do much to inspire. On the other hand, civic sense needs to improve across the board among all Indians too. Without this, a gleaming, modern, new campus will quickly die of rot.
Well, i suppose the Marxist thoughts do flow over. After all , how long can a capitalist establishment remain without being affected by the unreasonable Marxist crap being talked outside the gates. The apathy has to carry over. Its not the IIM, Kolkata itself has that image of laidbackness, pointless arguments, apathy and gloom. 20 years of Marxism , nay more of Maoism rather than Marxism.
God Bless IIM C. In fact, I hope all IIM'S do well. Wish you success. (disclaimer: i am not an IIMian)
IIM's are so overhyped that people are not even ready to acknowledge the lack of adequate infrastructure. Someone commented on what difference would infra have for a potential B School aspirant. Well wait for another 5 -8 years when many top universities around the world come and establish their campuses ! Do you guys think they would provide the same facilities you have @ IIM- C ?
Why only look at the infra .all the IIM's should dig deeper into their dens and answer some basic questions like : In its so many years of existence why hasn't IIM's produced more than a handful of world class leaders as yet. Why are only most of the CEO's hailing from the Harvard's, and Wharton's of the world ? i guess something is terribly wrong with the system. Having said that I must accept the fact that most of the students who get into any IIM are very intelligent. But once they enter an IIM for most of them as someone rightly put it is a case of " I was born intelligent but education ruined me . "
These are the attitudes of the mind. I can't understand what the point u want to put forward. These sort of comparisons are for which kind of junta......U need not feel nervous as hell about IIM - C's tomorrow. Look at the horizon and its vast expanse, get absorbed by the feeling.
A quick example: IIM A starts a PGP X program (1 year MBA for execs with 7-15 years experience), IIM C follows a few months later. Does it matter who gets there first? Hell, it does!
Perception is reality when it comes to any kind of brand. And right now IIM C seems more slothful than swift. More content to rest on past laurels than carve out a vision for the future. It's time the institute and its alumni wake up and kick some serious butt.
IIM Calcutta is the 'original' IIM. The first one that came into existence. And yet, despite its MIT lineage, the glorious headstart and impressive enough alumni network, it is now considered to be behind not just IIM A but IIM B. What happened?
Well, I can't provide a conclusive answer but here are a few quick impressions. I know IIM A background may be held against but in my defence I would like to point out I write about B schools and hence make it my business to gather first hand information about as many as possible.
Joka, here I come
The postal address of IIM C mentions 'Diamond harbour'. In the course of a 200 buck taxi ride from Howrah station, you get the full 'experience' of Calcutta. Past the amazing British zamaane ka buildings including the Governor's mansion and the India Government Mint.
Past trams, markets and streets and streets of grimy looking structures which look like they haven't been painted since 1947. The scenery does not improve until you reach the IIM C gate.
So are the flowers. I'm told they bloom, all year round.
The whole atmosphere is friendly, not intimidating. I felt awe. I felt humble, insignificant.
In time, the maze of red brick buildings became more familiar and well loved than home. But a sense of this being a larger than life institution remained. That sense is missing at IIM C.
It may sound superficial to say that architecture can make so much of a difference in making or breaking a brand but it's true. When a newspaper has to choose a stock photo to go with any article on MBA, what does he or she do? 98 times out of 100 the photogenic IIM A makes it to print.
And with many other B schools from MDI to MICA also choosing the red brick look, it's more subliminal brownie points for Brand IIM A.
Looking deeper
IIM C grads themselves admit (and proudly so!) that the institute is extremely laidback. Not just in terms of atmosphere but academics. Even in term 1 only 75% attendance is mandatory.
In contrast no one would dream of bunking in the early weeks at IIM A. Weeks which feel like 'Survivor' episodes although it's rare for anyone to actually get 'eliminated'. But everyone has a few of those nightmares....
IIM B was also laidback and less competitive. Except it was considered to be far far behind IIM C. It was, in fact, known as the 'public sector IIM' because that's where its grads generally got jobs.
Then, several things happened. A director who was earlier a faculty member at IIM A fiddled around and made the B program more 'tough'. More importantly, Bangalore's rise as an 'IT capital' saw its stock as a city zoom while Calcutta was stagnating. Placements at IIM B caught up with A and C to a large extent.
Then, circa 2000, a Business Today survey made IIM B the 'no 1' B school in the country. A ranking no one believed but had its shock value.
The next year, A regained its no 1 position but B was now ranked ahead of C in almost every survey. Yet, IIM C and its alumni remained complacent. 'Who believes these surveys anyways?' was their defence.
Which is true but a combination of all the above factors led to a 'tipping point'. Students who had the choice started opting for IIM B to C. Guided by buzz from seniors and advice from coaching institutes.
IIM B I would say there is a sense of forward movement, new ideas, new initiatives on that campus. The PGPSEM program - a 3 year part time course for software professionals is a big hit and will soon be extended to Hyderabad and Chennai. IIM C too has several executive programs but none is a brand name as such.
IIM B has set up an Incubation centre funded by Infosys' N S Raghavan, IIM C has a centre for entrepreneurship and innovation but it seems to be a far more armchair variety than hands-on.
Bangalore being a far more happening city also has an impact in terms of attracting faculty. The faculty list at IIM C is over 90% Bong. Now you can argue that is because Bengalis are one of the few communities naturally inclined towards academics. But the faculty at both IIM A and B is far more mixed.
So it does appear as if sentimental attachment towards Calcutta might be a deciding factor for an academic choosing to work at IIM C. And that very factor may put off others. A friend who taught at IIM C for some time found the city rather dead and oppressive.
That's changing, with Calcutta - and Bengal in general - now playing 'catch up' with the rest of India. But the Joka campus also needs to join that game.
Er, world class?
IIM A dorms are, in contrast, far better. Even there, much needs to be done to upgrade the old campus housing upto the standards of the new campus. But at IIM C I think entire hostel blocks need to be demolished and rebuilt.
Meanwhile, adding a few modern amenities like a washing machine and mini fridge wouldn't hurt. To attract international students - as IIM C hopes to - these changes will be absolutely necessary!
Bottomline
I am sure had I joined IIM C I too would have fallen in love with the place, mosquitoes et al. I too would have fine memories of the 'Howrah Bridge', friends made, times shared etc etc.
I know a bunch of you are going to be quite upset by now... And that the average IIM C grad believes he or she is special, creative and different compared to the supposedly driven, structured and soulless types from IIM A.
But, to a dispassionate and outside eye, there is a lot that can and must be done to the campus. Rankings aside, IIM C needs to regain its clout, become a leader in certain chosen spheres. Right now it appears content to follow where others dare to tread.
A general upgradation of facilities across the board, all over India is in order. I think a tour of Infosys, Wipro and other such gleaming modern campuses should do much to inspire. On the other hand, civic sense needs to improve across the board among all Indians too. Without this, a gleaming, modern, new campus will quickly die of rot.
Well, i suppose the Marxist thoughts do flow over. After all , how long can a capitalist establishment remain without being affected by the unreasonable Marxist crap being talked outside the gates. The apathy has to carry over. Its not the IIM, Kolkata itself has that image of laidbackness, pointless arguments, apathy and gloom. 20 years of Marxism , nay more of Maoism rather than Marxism.
God Bless IIM C. In fact, I hope all IIM'S do well. Wish you success. (disclaimer: i am not an IIMian)
IIM's are so overhyped that people are not even ready to acknowledge the lack of adequate infrastructure. Someone commented on what difference would infra have for a potential B School aspirant. Well wait for another 5 -8 years when many top universities around the world come and establish their campuses ! Do you guys think they would provide the same facilities you have @ IIM- C ?
Why only look at the infra .all the IIM's should dig deeper into their dens and answer some basic questions like : In its so many years of existence why hasn't IIM's produced more than a handful of world class leaders as yet. Why are only most of the CEO's hailing from the Harvard's, and Wharton's of the world ? i guess something is terribly wrong with the system. Having said that I must accept the fact that most of the students who get into any IIM are very intelligent. But once they enter an IIM for most of them as someone rightly put it is a case of " I was born intelligent but education ruined me . "
These are the attitudes of the mind. I can't understand what the point u want to put forward. These sort of comparisons are for which kind of junta......U need not feel nervous as hell about IIM - C's tomorrow. Look at the horizon and its vast expanse, get absorbed by the feeling.
A quick example: IIM A starts a PGP X program (1 year MBA for execs with 7-15 years experience), IIM C follows a few months later. Does it matter who gets there first? Hell, it does!
Perception is reality when it comes to any kind of brand. And right now IIM C seems more slothful than swift. More content to rest on past laurels than carve out a vision for the future. It's time the institute and its alumni wake up and kick some serious butt.
Subscribe to:
Posts (Atom)