Internships & Global Leadership Development in India
Why Go?
The World is Flat, After All
Excerpt from The World is Flat by Thomas Friedman
Printed in The New York Times, April 3, 2005
"I went East… and reported: “The world is flat….I encountered the flattening of the world quite by accident…I was visiting the Indian high-tech capital, Bangalore.”
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Not the opportunity, the necessity
Internships are practically a prerequisite for full-time employment
From The Wall Street Journal, February 18, 2005
"Last year, major employers said 38% of their interns went on to full-time positions, up from 25% in 2001, according to a survey by the National Association of Colleges and Employers
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The Upwardly Global MBA
From Strategy+Business, Fall Issue, 2004
Global experience must play a much more significant role in business school education. "MBA students should spend time overseas to broaden their knowledge and understanding of different cultures and markets," said Eastman Kodak Company Director Rick Braddock.
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Offshoring Could Boost Your Career
From Fortune, January 24, 2005
Consulting says that American companies with offshore operations (of which 69% are in India, so far) plan to ship out 81% more research jobs, 55% more in engineering, and 75% in human resources. Who'll be managing these people? Maybe you.
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Executives With Global Experience Are Among the Most In-Demand
From The WallStreet Journal, January 25, 2005
As U.S. companies continue to expand their overseas operations, and non-U.S. companies develop their businesses in the U.S., firms want to hire executives who can help them accomplish international goals. With companies more focused on the logistics of operating on a global scale, executives who understand international markets are in demand
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Over the next decade, three countries will continue to prescribe the growth and direction of the global economy: the U.S., and the two most populous countries of the world, China and India. While inexpensive manufacturing drives orders to China, it is the educated, skilled, English speaking and, yes, cheap service worker in India that has caused billions of dollars and tens of thousands of jobs to move to the subcontinent, with news of more going every day.
This movement has caused a lot of questioning of our trade policies, our global initiatives and our labor market. Maybe the most telling question was posed in a January 12, 2004 Fortune magazine article: "If all the jobs are going to India, should I move to Bangalore?" As columnist Annie Fisher replied, noting that globalization isn't just a catchy word anymore, "Going global does make sense, particularly right out of school." Quoting Bharat Desai, CEO of Syntel, a logistics company in India that assists multi-national companies do business there, "International experience gives you broad knowledge and a sense of how things are done elsewhere." Ms. Fisher concluded by saying that such experience makes students "sharper, wiser, and ... more marketable."
College students know and understand the magnitude and importance of studying the opportunities and impacts of global commerce, in India and elsewhere. MIT's business school, the Sloan School of Management, began offering a course in 2004 called "A Special Seminar in International Management-Outsourcing and Offshoring." Although the course was not offered until a week into the semester, it filled up with 55 students within 24 hours, creating a large waiting list.
By 2008, almost 1 million additional U.S. jobs are expected to move offshore. While this may cause great anxiety, it also demonstrates the need for graduates with India experience, skills and education to manage these jobs. After completion of the program, many participants secure positions with highly respected companies that have a strong Indian or global presence.
