What is the meaning of admission to top notch institute guarantees a successful career?

Admission to top notch institute guarantees a successful career?

1. Logistics is a BIG business

Nobody dreams of working in logistics when they're a child. It's not a field that many people are aware of. But the fact of the matter is, it's an industry that plays a HUGE role in our economy. In fact, the U.S. transportation system moved a daily average of about 55 million tons of freight in 2013, which was valued at nearly $50 billion. U.S. business logistics costs rose to $1.48 trillion in 2015, which shows the sheer magnitude of this important, yet often overlooked, industry.

2. There aren’t enough candidates to fill logistics positions

This behind-the-scenes career field is often overlooked by aspiring business professionals. Everyone knows about careers in marketing or finance, but careers in logistics tend to fly under the radar. As a result, employers and recruiters have trouble filling these positions.

In fact, the logistics business will be looking to fill roughly 1.4 million jobs by 2018, as stated in a article. The increase in jobs combined with a shortage of qualified candidates means one thing – exciting opportunity for those willing to meet the requirements.

3. Work locations can vary

Logisticians have a lot to do every day, but exactly where do they do it from? There’s no standard work setting, according Rohit Sharma, a 12-year SCM veteran who now runs Perchingtree Inc. Logisticans can work anywhere from a factory setting to an office to a mobile location like a delivery or pickup center. This myriad of possibilities means it’s important to ask potential employers exactly what kind of environment in which you’ll be working, he advises.

4. It’s a high-pressure job

As a logistician, so many other people in SCM will depend on you. It’s your diligence and planning that will allow everyone else to do their job, but you may encounter sticky situations when the unexpected occurs.

“Logistics itself is a very challenging area within the SCM domain as most of the points of failure occur during logistics functions,” Sharma says. However, SCM is a field with many opportunities and logisticians who earn promotions often have a less stressful position, he says.

Growing up in India is not easy. Like any other developing economy (particularly one with half a billion plus people), the country at its core is still a very traditional society. So it is likely that if your father is an engineer with an MBA he would want you to do the same, especially if you are male. Frankly, there aren't many options after school that can guarantee a good career, the most common ones are engineering, medicine and business education.

The MBA is a very highly regarded qualification, but works very differently in India compared to other countries. An MBA from a top business school easily allows a person to change careers, get a new job (even before finishing school) and furthermore greatly enhances one's reputation, profile and standing in society.

This may come as surprise to a lot of people, but most marriages in India are still arranged and an MBA (be it from any school, of any type) can greatly improve your marriage prospects. Men with MBAs can be choosier with regards to their preferred partner in matters related to looks, occupation, family background while Women with MBAs prefer partners who command high salaries.

Despite this trend, an MBA is still no guarantee to a great Career and most people learn this the hard way. I came across the article below that talks about the advantages and disadvantages of an MBA in an Indian context, and sheds more light on the point I'm trying to make:

Engineering is a vast field, with a breadth of specializations that can feel daunting. Once students have sorted through the offerings, however, the profession offers an array of career choices to best fit an individual’s preferences and abilities. Entering the profession can be done via several educational pathways, while advanced degree programs and certifications can boost earning power and lead to job advancement. As you assess your interests and aptitude in engineering, you may ask yourself: Will I need extensive college training in mathematics? Is an undergraduate degree sufficient to get into the profession? Do I need a license or certification to work in my state?
The following how-to guide explains what you need to know to become a mechanical engineer, from basic educational requirements to graduate training to build your credentials. The Bureau of Labor Statistics (BLS) predicts the addition of 11,600 mechanical engineers from 2012 to 2022. Read on to discover how you can become one of the new hires.

Students at world-renowned universities in Canada, the United States, Switzerland, Japan and China have revealed the impact that their university’s reputation has on their experience, alongside the Times Higher Education 2016 World Reputation Ranking released today.

While the usual suspects in the US dominate the top of the ranking – Harvard University, the Massachusetts Institute of Technology and Stanford University take the top three positions – two Asian institutions make it into the top 20: the University of Tokyo in Japan in 12th place and Tsinghua University in China in 18th place.

Lei Ann Watanuki, a student from the US who studied in English at the University of Tokyo, said: “I chose to attend the University of Tokyo mainly for its prestige but also because I wished to experience college life in a completely different setting from my suburban home town in the US.

“At this point, I have only completed one semester, but already I am impressed by the high academic standards of my professors and peers, particularly in mathematics. Many Japanese Nobel laureates are affiliated with UTokyo, which I would say sheds a positive light on the university.”

Factors Determining College Acceptance Rates

Although you never can fully predict all of the factors that come into play in how a college determines who exactly to accept, when prepping for college applications, GPA and SAT scores will certainly be a determining factor. So, how well do you stack up? How should acceptance rate data be factored into your overall research when looking at prospective colleges?

If you're feeling a little lost when it comes to understanding the meaning of acceptance rate percentages, it's beneficial to dig a little deeper in your research to establish more meaning around each of the school's acceptance rates within the context of additional data points. Consider researching the following:

How does the acceptance rate percentage break down in comparison to the total number of students applying to your preferred school?

Sure, a 6% acceptance rate from Harvard may seem daunting, but it's important to put that into perspective with the number of total applicants that apply, and what that 6% acceptance signifies. For example, if an elite university admits 5% of students that apply, but the school receives 500,000 applications, that still means that 25,000 students have been accepted. In contrast, if you apply to a school with a 50% acceptance rate, but that school only receives 50,000 applicants, they will admit 25,000. Even though the acceptance rates couldn't be more different, the number of applicants is the same. Ultimately, it's important to keep the data in perspective when comparing schools, rankings, and data points.

It's also important to check how you (and that percentage from the first point) stack up against the average SAT and GPA of your desired school.

It's relatively easy to source a university's average SAT or GPA score for incoming accepted students. This is information that you can use to contextualize the admissions rate percentage. For example, if there are 500,000 applicants and only a 5% acceptance rate at your preferred university, but the average SAT score of accepted incoming students is 1500 out of 2400 and the average incoming GPA is 2.5 out of 4.0, then contextually you can see that the stakes aren't quite as high as you may have first thought. Your scores may stack up really well against this data. Or alternatively, if the average SAT score is 2250 out of 2400 and the average incoming GPA is 3.7 out of 4.0, then you'll find that the pool is filled with better applicants and it changes the meaning of the acceptance rate.
Evaluate the acceptance percentage compared to actual enrollment for additional context.
It's not uncommon for a university to accept more students than they can take in reality. This is due to the fact that not all students who are accepted will enroll. Evaluating the percentage of those who are enrolled against those that are accepted will give you additional information and context into what's going on. If the school has a 50% acceptance rate, but 90% of students are enrolling (45% of total applicants), then you may have a different perspective on the college, knowing that the majority of those accepted wish to go there.

Taking it a step further, establish more context around the acceptance rate percentage compared to the school's tuition, fees and financial aid.

Examining all of the data that you have gathered so far, now it's time to see how it measures up against one of the most important factors when it comes to your college education: price. Looking at tuition, extra fees, and potential financial aid should give you a good idea of the actual price tag of attending the institution. It's critical not to skip this piece when you are evaluating how the acceptance rates stack up against other schools. Universities with high price tags and little financial aid available sometimes may get fewer applicants, whereas schools with a lower price tag and substantial financial aid available often receive a higher number of applicants. Costs can impact the picture that a school's acceptance rate is painting, but it doesn't necessarily speak to the quality of education you would be receiving as a student. It's important to examine all of these factors in together in the schools you are considering.

Last but not least, compare each school's acceptance rate percentage to that of other colleges.
Always focus on comparing one college to another in each of the criteria outlined above and all of the criteria provided so you can have as full a picture as possible of each of the institutions you are considering, and also so you can break down some areas of interest that may be more or less important to you specifically as you make your decision.

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