Thursday, June 28, 2007

3 Mistakes to Avoid at the IIM Personal Interview

1) Having an unclear objective in mind: This is by far the biggest mistake to avoid, and this fact should be drilled down to your mind. Have a list of 3 things that you would like to achieve through your MBA. For example:
- I want to build a career in Finance, specifically in Investment Banking
- I would like to use this MBA in learning the basics of understanding how to evaluate a business and its worth
- I want to utilise this knowledge to then join a fund house specialising in mid caps investing as India presents a lot of growth stories and there are many companies that have the capability to turn from Rs 20-50 crore net worth to Rs 750 - Rs 1000 crore net worth.

2) Not being clear about your hobbies: This is one of those overlooked areas that college graduates often underestimate and mention for the heck of it. Hobbies are meant to be done with a lot of passion. If you state that you have a hobby, then make sure you have a detailed idea about your hobby.

3) Not being clear about how you learnt from your mistakes: Every one makes mistakes, even the IIM Personal Interview panel made some mistakes at some point of time and so you are no exception. Most B-School Personal Interview panels will ask you to recount an example of some crisis or mistake you committed in life. The key to answering this point is to state how you tried to rectify the situation and what steps did you take from preventing their recurrence.
1) Having an unclear objective in mind: This is by far the biggest mistake to avoid, and this fact should be drilled down to your mind. Have a list of 3 things that you would like to achieve through your MBA. For example:
- I want to build a career in Finance, specifically in Investment Banking
- I would like to use this MBA in learning the basics of understanding how to evaluate a business and its worth
- I want to utilise this knowledge to then join a fund house specialising in mid caps investing as India presents a lot of growth stories and there are many companies that have the capability to turn from Rs 20-50 crore net worth to Rs 750 - Rs 1000 crore net worth.

2) Not being clear about your hobbies: This is one of those overlooked areas that college graduates often underestimate and mention for the heck of it. Hobbies are meant to be done with a lot of passion. If you state that you have a hobby, then make sure you have a detailed idea about your hobby.

3) Not being clear about how you learnt from your mistakes: Every one makes mistakes, even the IIM Personal Interview panel made some mistakes at some point of time and so you are no exception. Most B-School Personal Interview panels will ask you to recount an example of some crisis or mistake you committed in life. The key to answering this point is to state how you tried to rectify the situation and what steps did you take from preventing their recurrence.