MBA (Finance) with B-TECH in IT !!!

Neelima: - So, have you got back your black colored Transcend pen drive or not? Is it stolen?

Arindam: - On Monday, I went to the Cyber café of our Balamrai locality, which is owned by Mr.Gajanan. After taking print-out of my CVs from my pen drive, I forgot to take the pen drive. I paid him the money and went back home. While going towards my house, I realized that, I have left my pen drive there only. When I went back to that cyber café, Mr. Gajanan started the acting by saying, “maine toh aap ko pen drive de diya saab, main aisa nahi hoon ki 300 rupiya ka pen drive chori karoonga, main pen drive chori kyon karoonga”. Baash, by doing all these acting, he has kept my pen drive with him. Now, as an educated person, I cannot beat him in public for stealing my pen drive; then people will laugh at me. I have bought a new pen drive of 2 GB today.

Susanta: - Uff, these Telugu people are cheaters and frauds by birth. That is in their blood only. They may have good education qualifications, but still they are junglee type, uncivilized and frauds. I think that these Telugu people should make a film with the title, “Hum sab Chor hai”, with the star cast of Mohammad Azharuddin, Ramalinga Raju, Ram Mynampati, Vadlamani and these Mr. Gajanan type shameless creatures. Who knows, maybe that man’s father was also an anti-social. Forget all this; try to leave this Hyderabad city, as early as possible. Already, Satyam has kicked on your back. So, it’s better to give your Satyam, the last deadly bite of an ant. Around 8,800 people have virtually lost their job in Satyam. Many of you people went to the job fair of Wellesley College of Secunderabad? What happened?

Kakoli: - Dasha mobile Technology was offering 1.2 lacs p.a to MBA Finance people, and HSBC were offering 1.8 lacs p.a. Only, Amazon was offering 4.2 lacs p.a, to MBA Finance people with 2 years of experience. But, I had only 1 year of experience, and that too in Satyam, where, finance is either inventory/commercial management or project related invoicing or monitoring revenue gaps. In IT sector, Finance is like the Program Management Office role, where revenue tracking and projections is the key function. That is why, in banking or financial sectors, no one is willing to take a MBA Finance person working in IT industry. And to add fuel to the fire, recruiters are rejecting the candidates of Satyam in the HR Interviews. For example, Deloitte, IBM, and Mr. Mohandas Pai’s Infosys just says, “You worked in Satyam and you have come here for interview, just get lost man. The exit door is there. Just get out. Never dare to attend any of our company interviews”. Hey, Arindam, you went for walk-in interviews today at Fairlink Placement Agency of Himayathnagar. What happened there?

Arindam: - As usual, I have been humiliated again like it was in Mafoi Consultancy of Himayathnagar. They have requirements for MBA Finance, but it has to be B.Com with MBA Finance. Really, I have committed a sin, by doing B-Tech in IT and then doing MBA in Finance. Also, in the start of my career, it is not a financial company, but an IT company, and that too the scam-hit Satyam. In this company, only the senior level CFA and CA guys perform the corporate financial role. Others are either in commercial department or in PMO. I was in PMO, whose job was to track all financial activities of projects under GE account. But, I have literally forgot the concepts of NPV, IRR, NBCR, Beta, P/E ratio, Swap rate and other financial theories.

Paritosh: - See, Arindam, every corporate has its own style of financial activities. Finance is not accounting, but accounting falls under finance at the lower level. At the upper level, come the strategies of Investment Analysis, Portfolio management, Project Appraisal, Security Analysis, Derivatives and Mergers & Acquisitions. That is why, we require MBA Finance guys to take decisions. It is like CA or CFA people will cook foods in the form of reports, and you the MBA Finance guys need to serve that food to your customers in such a manner that it produces extra revenues for the entire company, as shareholders will be pumping in more money.

Arindam:- I don’t know, whether I will get any jobs or not after committing a sin of pursuing “MBA(Finance) with B-Tech in IT”, but one thing is true that “Window Dressing” of Balance Sheets and P&L accounts will surely show you the grilled doors of Government Jails, as if it is like you are riding on a Royal Bengal Tiger in Hyderabad.

SCAM- HIT SATYAM COMPUTERS SUCKS THEIR EMPLOYEES !!!

Deven: - Have you received the mail, that Satyam Computers do not have enough funds to provide us the monthly salary? That is why; they have created an innovative “Virtual Pool Program” (VPP), where people will not be given any salary for 6 months. They may try to provide at least 3000 bucks per month, provided the company is making some profits.

Fatima: - Arrey, it would have been better, if they could have terminated our jobs with the final settlement, rather than keeping us, as beggars. The Titanic is sinking now. Even Tech Mahindra may also sink with it, I don’t know. Maybe this VPP can prove as the last nail of the Satyam’s Coffin that was created by that fraud and Cheater CEO, Ramalinga Raju.

Arindam: - aah, don’t be so emotional. Even you also know that nobody is going to stay in this company for long. There is no growth in this company, boss. You are on a Titanic, where you are waiting for a life boat or a helicopter. See, they will never directly kick on your back. They will say it indirectly, like this VPP. When media people will ask them, they will say that Satyam has not kicked out any associate for their financial crunch or Ramalinga Raju’s fraud. We have sustained them in the crunch times, but they have resigned on their own.

Gaurav: - On their own? Boss, I received a call from a Senior HR manager of Satyam, who forcefully ordered me to put down my papers, as I am a highly paid resource, whom Satyam cannot keep anymore. Now, if they would have terminated my job, then they have to give some money to me as final settlement. So, they have saved the money and said to the media that the attrition has increased from 12% to 21% in Satyam, but the layoff rate is only 1%. If this is the solution, then for what reason government appointed that board of Directors.

Sushma: - The Congress party just fooled the public. See, the scam happened before the Lok Sabha election 2009. Ramalinga Raju had all illegal connections with the Andhra politicians. If 52,000 associates lose their job, Hyderabad city is in dilemma and so is the Congress party of Andhra Pradesh. So, they had to take some initiative to safe-guard their vote-banks. Net result, at last, Satyam was acquired by Tech Mahindra. But, the figure showed by Tech Mahindra was very fishy too. Tech Mahindra showed Rs. 58/- per share, whereas a big company like L&T failed to do it. After 3 months, the real skeleton came out. Tech Mahindra do not have enough money to take care of the Satyam employees, which are large in number.

Deven: - Yes, Ramalinga Raju kept on recruiting more people to create fake invoices and also to acquire more projects from customers. Now, that extra recruitment is back-firing the company, because there is not enough fund, which has been shown in the balance sheets. Please don’t go by the Q3 results that have been published in “The Economic Times” on 10th June 2009. Those are all false results. No one has audited that. Maybe, they have given money to ET for publishing all those false results. Frankly speaking, Satyam wants to raise its share price, which is why they have published that news. But the problem is for the Tech Mahindra, who is trying hard about the preferential shares of Satyam; otherwise they will also be in trouble.

Fatima: - What about the announcement of the Government that the board members appointed by them, can now come out of Satyam? Of course, yes, Lok Sabha Election is over. Now, let Satyam die at its own.

Gaurav: - I think that the Tech Mahindra is trying to put their people more in the board members to go for a massive layoff. To safeguard that, the temporary CEO of Satyam came out with this kind of Virtual Pool Program as he also don’t know, when he will be thrown out from the CEO post also, he he he …

Arindam:- So, for senior people, they have given the notice period of 4 months and to others the 6 months to get job in another companies. Surely, “Virtual Pool Program – A Mirage” will surely create a new ‘Satyam desert’.