Friday, September 30, 2011

Magic terms for final year MBAs: LDP, PDP & MDP !

Near the end of your MBA program, you shall hear a few terms on some career websites that excite you:
LDP: Leadership Development Program
PDP: Professional Development Program
MDP: Management Development Program  and so on...

These are 2 year programs that various companies have for the sake of new graduates and final year MBA students. Companies hire promising students and then train them for 2 years for a future Leadership or Management positions. There are various programs in the field of Finance, Marketing, Supply Chain & Logistics, Sales, Accounting, Human Resources and so on.Here is some info on what is expected of the candidates who apply:

Here is a sample from a company website:
The ____ MDP is a program with a history of more than 20 years of attracting top MBA talent into ___ company. The intent of this program is to develop a pool of talent with the potential to fill commercial / general management positions. The program provides the opportunity for experience in multiple commercial functions, businesses and locations in addition to mentoring and individualized growth plans. By acquiring a broad base of experiences early in their careers, MDP participants are positioned for future commercial management roles in the company. This is a Global program with international offers and global assignments.


Preferred qualifications:
  • MBA from a reputable program
  • 3 to 5 years of professional experience
  • Leadership Potential
  • Demonstrated core competencies
  • Interest in Healthcare
  • Track record of professional and academic accomplishments
  • Strong analytical skills
  • Positive temperament
  • Professional presence
  • Strong communication skills
  • Global mindset
  • Geographic mobility and flexibility

    Modified resume: Work in progress. (Click twice on image to open).


    Resume tips I received recently...

    Approached the Career Service department for pointers about my resume and got several useful suggestions. I realized that it is very important to get a second opinion or a third opinion. Do not try to do it all by yourself.

    Useful tips I got:
    • Volunteering information is important
    • Extra curricular activities must be mentioned
    • Pay attention to font size and line spacing
    • Have clarity and focus in resume
    • Customize your resume according to different positions
    • Do not use italics
    • Do not use the words: References available upon request
    • Do not use the words handled or assisted 
    • Be creative: everyone uses the words "team player", motivated, driven, proven etc
    • Do not generalize - explain what you did specifically and how you contributed
    • Check grammar and spellings thoroughly
    More later...

    An interesting line about MBA from a magazine.

    Read this somewhere:

    Full Time MBA can be overwhelming, especially for those in the first term of the program. Of the 3 things below, you can only do 2 very well:
    • Work (on a full time job)
    • Study (and manage the immense course load) or 
    • Family (devote time to your loved ones).

    Not easy to do all. Kinda true. Though I DO know people in the program who are trying to do all 3 at one time.

    How networking works and How it worked for me: An anecdote:

    #TRSM Workshop on Networking & Business Etiquette 29 September, 2011. Speaker: Kathy Conway (Advisor of Talent Development - McCarthy Tetrault)
    Kathy & Kieran spoke during a Workshop on Networking yesterday (organized by Nicole D, Manager, Career Services). Kathy did an experiment. She said, someone ask the attendees a specific question and chances are that he / she shall find a random network in the room. I asked "Does anyone know someone working in a Pharma company?". One girl did. She talked to me after the meeting. She knows the VP at another Pharma company in Toronto and said that she could help me get a job!
    Moral of the story: Meet a LOT of people. Talk to a lot of people. Open up. Do not be shy. Make the move. Initiate conversations. Engage people. And you could get what you want. Its worth a try anyway. What do you have to lose, eh?