The JFM concept (Just For Money)

On the first day of any B-school in this country, a professor comes and says the famous lines  "you the future mangers of this county ! !! "

Is it??

And from that day it self, every student of that B - School starts dreaming - after 2 years, I ll have a fully furnished cabin with 2-3 assistants in a central air conditioned building with the package of 2 to 3 laks per annum and then I ll have a sexy girl/boy to marry and life will be easy and settled ….

If some are thinking of establishing their own business, the first thing what they will do is, tell a friend to click his snap in a typical Dhirubhai Ambani pose (first 2 finger on cheeks and other 2 folded under jaws, gives a good smile) and will upload on social networks.

But all knows the reality, none of these things are possible in real world.

Suppose, you get those luxurious jobs in MNCs and it is confirmed that you will not be appointed as a director of the company. Initially you will be given department - sales or packing or production or marketing .

Now ask to yourself - Is that the reason you have done M-B-A just to handle a precise and specific department.
MBA comprises subjects like production line, product management brand management, selling, Human resources and research methodology and much more and now you end up handling just one department and you are the person working on the order and brain of some others and fulfilling his dream.

Just think, after 50 to 60 years , on the verge of death, if some one asks you, what have you made in last 40 years of your life?

Are you ready to give answers like "I worked for SBI for 30 years", "I worked for some XYZ company for some years" OR you would like to give answers like "I have created ______ of my own", "I have made ______ company and MNC, I have made that sick firm a profitable one"


Look at 40 years back, Dr. Vikram Sarabhai started IIM - A for the vision that this country will need some visionary managers to manage upcoming corporate houses of India, and they are quite successful.

But, what about other B-schools. Is the motive of college to just earn money? Today there are around 4000 B-school in India but, how many work for the entrepreneur development or development of students. All just knows only 1 thing - "Sing songs about the placement percentage ratio".

Look at the poster of this college. At first glance, as a marketing students I thought, a good use of current and trendy singe. They exactly know the current market and accordingly they have designed their poster.    

        But looking from a management point of view.

"We do not make door to door sales man. We shape managers".

I want to question director of this institute "Is the value of a MBA manager is door to door sales man?"

I am not experienced like that fellow director, but I can make out from this poster that they are just there to mint money and as far as teaching is concerned, ample teachers are available who also does the same "just for money" (JFM) ….

Its hard to get any teachers who understands that they are not shaping results, by educating 1 student they are shaping 1 future, 1 family; 1 society; 1 county .....