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One of the striking features about the Indian Institute of Management, Ahmedabad (IIM-A) is the astonishing pay packages that it's students are offered. A student of the coveted institute, Siddharth Shah, was the first student from his batch to be picked up by a leading global investment bank during the summer internship. The company paid him 2.5 lakh per month during the internships with such credentials, Shah would be among the highest paid students of the institute in the campus placement.
Shah, who is going to graduate from the institute’s flagship course in a few months, however, is the first among the brave hearts of his batch to have opted out from the institute’s campus placement. Shunning corporate jobs, the 23-year-old student decided to follow his passion and set up his own business firm. Shah will be providing doctors and medicines at your doorstep at a phone call. We can order a pizza to be home delivered within 30 minutes but there is no such service for getting a doctor home. There are also issues of medical services not reaching the rural population effectively. “My idea is to set up a platform to bridge such gaps in the sector through the innovative use of existing technologies,” said Shah. “I have always followed my passion. Leadership is one of them. By becoming an entrepreneur, I can be a leader from the very first day of my career,” said Shah, who was the head boy of his school and students representative in his college days. He had also been the national go-karting champion for three consecutive years. Shah’s family hails from Gujarat but is now settled in Mumbai. While both his parents are doctors, Shah drew most of his inspiration from his father who is the founder of various hospitals in Mumbai. However, the young entrepreneur is determined not to lean on his parents for his venture. “I have to pay off my education loan but I am neither going to lean on my parents for this nor for the venture. I will be sourcing my own finance,” he said. For a student of IIM-A, capital is not a problem with so many banks ready to offer loans. “What stops many people from becoming entrepreneurs is the fear of the risks involved and the burden of education loans. More than anything else, it is courage that is required to become an entrepreneur,” said Shah.Two more interview centers this year:Indian Institute of Management, Ahmedabad (IIM-A) will conduct its interviews for admission for the batch of 2012-14, at two more centers this year. The institute which had been conducting interviews in Delhi, Kolkata, Bombay and Bangalore will also conduct interviews at Chennai and Hyderabad. The number of candidates from the southern part of the country among the shortlisted candidates is increasing. We are, therefore, “conducting interviews at these new venues for the convenience of students so that they don’t have to travel to far off centers,” said chairman of the admission committee at IIM-A, Arnav Kumar Laha. IIM-A, IIM-Bangalore and IIM-Calcutta will coordinate for interview processes at Delhi, Kolkata, Bangalore and Bombay. However at the Chennai and Hyderabad canters, only IIM-A and IIM Calcutta will host the interviews together. The institutes have arranged the dates for the interviews in these cities such that students who get calls from various IIMs can avoid travelling back and forth. IIM-A this year has shortlisted 1177 students for its 385 seats this year.
Courtesy: Times of India
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