General Trading Chat

[LoneWolf]

Well done :clapping::clapping:

Futures sometime gives wrong information due to cash/future gap which keeps varying. So I track both futures and cash charts. I trust cash charts more than futures charts...but such difference will be 1-2 days only.

Edit : Red TDST also correct

Smart_trade

Yes thats from the lowest true low in the current sell setup.

 

[XRAY27]

As per Only"ASSOCHAM" 3 % of MBA are eligible for employments and avg salary is 8 to 10 k and 97% engineers aspire for a job in IT and core engineering. However, only 18.43% employable in IT & 7.49% in core engineering..

MBA stats is worst then stock market trading which has got at least 5 % success rate :lol: and 3 % is getting employment that to with 10k as max salary

Below is the complete report

B and C category B-schools producing un-employable pass-outs: ASSOCHAM
Wednesday, April 27, 2016
Barring a handful of top Business schools like the government run IIMs and other few, most of 5,500 B schools in the country are producing sub-par graduates who are largely un-employable resulting in these pass-outs earning less than Rs 10,000 a month, if at all they find placements, an ASSOCHAM study has pointed out.

Expressing concern over the decay in the standards of these B-schools, many of which are not properly regulated, the study by the ASSOCHAM Education Committee (AEC) noted that only 7% of the pass-outs are actually employable in India excepting graduates from IIMs.

India has at least 5,500 B-schools in operation now, but including unapproved institutes could take that number much higher. The ASSOCHAM report says that only 7 per cent of the MBA graduates are actually employable. Around 220 B-schools had shut down in the last two year in cities such as Delhi-NCR, Mumbai, Kolkata, Bangalore, Ahmedabad, Lucknow, Hyderabad, Dehradun etc. And at least 120 more are expected to wind up in 2016. Low education quality coupled with the economic slowdown, from 2014 to 2016, campus recruitments have gone down by a whopping 45 per cent.

“There are more seats than the takers in the B-schools. This is not surprising in the wake of poor placement records of the pass-outs, “ASSOCHAM Secretary General Mr D S Rawat said.

In the last five years, the number of B-school seats has tripled. In 2015-16, these schools offered a total of 5,20,000 seats in MBA courses, compared to 3,60,000 in 2011-12.

Lack of quality control and infrastructure, low-paying jobs through campus placement and poor faculty are the major reasons for India’s unfolding B-school disaster. “The need to update and re-train faculty in emerging global business perspectives is practically absent in many B-schools, often making the course content redundant.

Only 7 per cent of MBA graduates from Indian business schools, excluding those from the top 20 schools, get a job straight after completing their course, adds the findings of the report.

While on an average each student spent nearly Rs 3 to Rs 5 lakh on a two-year MBA programme, their current monthly salary is a measly Rs 8,000 to Rs 10,000. Even the quality of IIM/IIT students coming out now compared to the last 15 years has come down due to the quality of school education. The faculty is also another problem as few people enter the teaching profession due to low salaries and the entire eco-system needs to be revamped.

ASSOCHAM said that the mismatch between aspirations of students and their level of preparation are crucial as most of the fresh graduates are afraid of getting their hands dirty. The flaw lies with the negligible hands-on training provided at Tier 2 and 3 colleges.

Mr. Rawat further said that the quality of higher education in India across disciplines is poor and does not meet the needs of the corporate world.

Of the 15 lakh engineering graduates India produces every year, 20-30% of them do not find jobs and many other get jobs well below their technical qualification.

There is clearly a rush towards engineering, that which is engineered largely by parents and the society. Indian economy is not growing at the same rate as the number of engineers. It is only the IT sector that absorbs engineers in large numbers, between 50-75%. There is a large mismatch in the aspirations of graduating engineers and their job readiness. 97% engineers aspire for a job in IT and core engineering. However, only 18.43% employable in IT & 7.49% in core engineering, adds the paper.

 

[Smart_trade]

As per Only"ASSOCHAM" 3 % of MBA are eligible for employments and avg salary is 8 to 10 k and 97% engineers aspire for a job in IT and core engineering. However, only 18.43% employable in IT & 7.49% in core engineering..

MBA stats is worst then stock market trading which has got at least 5 % success rate :lol: and 3 % is getting employment that to with 10k as max salary

Below is the complete report

That is because wrong policies of the Government. Govt gave permission to open MBA institutes to all Shikshan Maharshis based on demand for MBA and the political connection which these shikshan maharshis have. When I did MBA there was just 1 institute in my city and they were admitting just 35 students after written test, group discussion and interview. Now there are 22 institutes recruiting substandard students and substandard faculty. And the result is substandard product with MBA stamp.I had 3 confirmed job offers offering above average package from the campus interviews.

Same has happened with engineering colleges....when I did BE there was just 1 college in the entire district ,now there are a dozen colleges in my city...how can we have quality...the whole idea is produce graduates with stamp and make money for shikshan samrats and part of it is shared at higher levels also is an open secret.

Smart_trade

 

[Blackhole]

source ::: money control

source ::::: http://www.moneycontrol.com/news/ma...ks-would-have-made-you-crorepati_6465821.html

 

[LoneWolf]

@Smart_trade,

This is bit off-topic. But I got interested to know as your are the most reputed and successful trader around here. Please delete this post if these are not comfortable..

At what age did you come to trading world ?
At what age did you start trading full-time ?
After what years of starting trading you could say yourself of being profitable ?

 

[desiwarrenbuffet]

That is because wrong policies of the Government. Govt gave permission to open MBA institutes to all Shikshan Maharshis based on demand for MBA and the political connection which these shikshan maharshis have. When I did MBA there was just 1 institute in my city and they were admitting just 35 students after written test, group discussion and interview. Now there are 22 institutes recruiting substandard students and substandard faculty. And the result is substandard product with MBA stamp.I had 3 confirmed job offers offering above average package from the campus interviews.

Same has happened with engineering colleges....when I did BE there was just 1 college in the entire district ,now there are a dozen colleges in my city...how can we have quality...the whole idea is produce graduates with stamp and make money for shikshan samrats and part of it is shared at higher levels also is an open secret.

Smart_trade

When I did my engg we didn't had any facility in our college.The students passed out earlier were our professors for some period & after that we were left on our own.The college was work in motion & the institute was setting up the infrastructure after the college was started

 

[timepass]

That is because wrong policies of the Government. Govt gave permission to open MBA institutes to all Shikshan Maharshis based on demand for MBA and the political connection which these shikshan maharshis have. When I did MBA there was just 1 institute in my city and they were admitting just 35 students after written test, group discussion and interview. Now there are 22 institutes recruiting substandard students and substandard faculty. And the result is substandard product with MBA stamp.I had 3 confirmed job offers offering above average package from the campus interviews.

Same has happened with engineering colleges....when I did BE there was just 1 college in the entire district ,now there are a dozen colleges in my city...how can we have quality...the whole idea is produce graduates with stamp and make money for shikshan samrats and part of it is shared at higher levels also is an open secret.

Smart_trade

So bad that you actually had to go a college to get degrees. Nowadays you can get any degree "online" sitting at home, even from foreign universities

 

[LoneWolf]

When I did my engg we didn't had any facility in our college.The students passed out earlier were our professors for some period & after that we were left on our own.The college was work in motion & the institute was setting up the infrastructure after the college was started

At the 3rd year of my BTECH, we came to know that our university is no more licensed to give BTECH degree. Its UGC approval was expired 4 yrs back and UGC did not approve its renewal. Only 2 of its branches (One from north-east and one in Dehradun were having UGC approval), but the university had opened around 6/7 other braches without any approval. Our entire 4 years of career, money and time came in to stake over night. LOL. Top B-school rejected few of our ex-students becuase our collage Degree certificate were not having enough approval. Students went on strike for several days, There were police involved by authority and many more things. Finally our campus and all thos unlicensed campus got closed across India. All those students got shifted to Tripura and Dehradun in their final year.. I went to Dehradun, and thats how I got my degree.. LOL

Govt only give license to run, and these institute get license to RULE. And there is no strict checking or crack down on these issue

 

[vikas2131]

As per Only"ASSOCHAM" 3 % of MBA are eligible for employments and avg salary is 8 to 10 k and 97% engineers aspire for a job in IT and core engineering. However, only 18.43% employable in IT & 7.49% in core engineering..

MBA stats is worst then stock market trading which has got at least 5 % success rate :lol: and 3 % is getting employment that to with 10k as max salary

Below is the complete report

Unemployment rate in india is around 31-32 percent...there are not just enough jobs even for average students and most people are in the average category..then poor education makes it worse... business is the only way forward ...it seems..

 

[desiwarrenbuffet]

Unemployment rate in india is around 31-32 percent...there are not just enough jobs even for average students and most people are in the average category..then poor education makes it worse... business is the only way forward ...it seems..

Yes business is the only way forward, but people have mindset that those who can't find job are worthless. When I choose to do business, my parents & relatives were of the view that as I am not good enough to get a good job .
Many people have negative mindset about trading also.They equate it with gambling