Re: IBA or LUMS
PD, nah man just that roop, retired it as a definte step in stopping political discussions, as steve martin said in my blue heaven..that was the od me, this is the new me.
Re: IBA or LUMS
PD- just one small correction
aspects of marketing, mgmt and HR can be very quantitative.
the entire discpline of category and brand mgmt is very number based..
for HR, if someone is in the benefits mgmt area, that is heavy, pension mgmt certification is very heavy on quantitative, and for mgmt..if the focus is on prodcutiona nd ops mgmt, where u are focusing on error rates, six sigma type of stuff..it is hugely quantitative.
i know u said generally..to mean its not always the case. i just wanted to describe a lil for the benefit of the readers.
I mean if we tell a brand manager at P&G or category manager at walmart ..who are basically in marketing functions that their job is not quantitative, they will roll over laughing.
the level of analytics using media, deomgraphicm economic, sales and promption data that is used on a daily basis to make decisions ranging from promotional planning to shelf space mgmt at retailers is a science. a heavily quantitative science
Re: IBA or LUMS
I concur X2. Marketing can get as quantitative as one can think of. My comment was a general comment based on perceived notion of marketing among the business community.....but I am the first one to admit that in last few years, perception about marketing has changed drastically as the application of quantitative techniques to the marketing field has really helped marketing executives to respond to today’s challenging complexity of consumer marketing effectively.....And by the way, it has also made marketing a very interesting major.
Re: IBA or LUMS
Im in IBA right now, and it really sux, go for LUMS its much better education wise and in terms of student life
Re: IBA or LUMS
PD quantitative techniques were always being used, atleast for a few decades, many ppl dont know about it and unis in general dont do a great job getting into it. even in advertising, the effort that goes into advertising effectiveness, media choices, lift in sales for the product for category etc have been used for ages. demographics, trade data, having consulted for companies like colgate and walmart I know they have used such data for decision making from pricing, promotion to product introdcution and test marketing sites for decades
Re: IBA or LUMS
LUMS faculty is very top class..plus..LUMS excels in other fields also alonwith Bussiness administration...
Re: IBA or LUMS
IBA is fastly declining: loosing its faculity to new institutes.
Re: IBA or LUMS
to phoenixdesi,
sir i am realy thankful once again for your valuable suggestion. you talked of interest and enjoyin things while doing them
DO what you enjoy and try to excel in it. It will automatically place you in a favorable position for your MBA admission
well i am interested very much in a career in stocks and it is really something which i will enjoy doing. besides i also like banking. keeping this in view which major will you advice me to help me in the pursuit of my future goals???
MS Finance or MS Eco???
As far as HRM is concerned i really have no idea which kind of a job HR professionals are up to??? I know they manage human resources but how? what is their position in an organization's hierarchy? what entry level jobs are there for a fresh graduate? As it is a relatively never field here in Pakistan what are its career prospects here???
so if any HR professional can come up with answers to my questions then it will be really appreciated.......
Re: IBA or LUMS
to phoenixdesi,
well i am interested very much in a career in stocks and it is really something which i will enjoy doing. besides i also like banking. keeping this in view which major will you advice me to help me in the pursuit of my future goals???
MS Finance or MS Eco??? .......
Go for MS Finance especially if you are interested in IB. Again, nothing wrong with MS Econ but if you put a gun on my head and ask my opinion, I would go with MS Finance. Plus, ask yourself why do you need a MS at the first place.
Whether you want to be a trader/IBanker or become a commercial banker you don’t need a MS Finance/Econ. You can get these jobs from your bachelor degree in Business Admin. I would rather focus on getting a job in a prestigious institution, work hard and excel in it and then go for a top MBA in 4 to 5 years. If your undergrad sucks big time and can’t get you a good job, well in that case I can see some value in getting MS from LUMS and IBA.
Re: IBA or LUMS
Im in IBA right now, and it really sux, go for LUMS its much better education wise and in terms of student life
always respect ur institution, n love ur courses otherwise you are wasting ur time.
phoenixdesi- respected uncle or sir
i especially come here and read your posts. they are very helpful, energetic and informative.
but one thing about the IM language> sir may i know who sets these trends? :D
Re: IBA or LUMS
phoenixdesi- respected uncle or sir
i especially come here and read your posts. they are very helpful, energetic and informative. but one thing about the IM language> sir may i know who sets these trends? :D
uncle or sir? abiee to ma jawan hoon.....bouncers at clubs still do not allow me to enter without seeing my a proof of my age! Thanks for reading my posts. I try.
speaking of IM language I see your point but I did define these terms in my first post:
"Here in USA, kids who do MS in Econ/Finance from top institutions are sort of quantitative jocks who end up developing complicated financial models for PE/HF/IM firms or IB. I am not sure about the Pakistani market. But I hope you get the idea. (PE= Private Equity, HF=Hedge Fund, IM= Investment Management, IB= Investment Banking)"
Re: IBA or LUMS
phoenixdesi-
per ager koe bucha user kerna chata hai to us per itna zulm q. like me 
ok here is a challenge for you. 
if u have to convince someone that IM is the best language, what will be some of your arguments to defend this statement.
Re: IBA or LUMS
In US or anywhere else, the increasing ratio we see people are going into commerce, they have to end up as some book keeper, auditor, or wat you have said developer of complicated financial models.
i think in fact i believe the way people are going in to this field they make themselves “lakeer k fakeer”.
to some extent i dont think it is their (these students) fault to have restricted approaches about life. (i will elaborate more on this notion and also my analysis, but only after seeing how you tackle the challenge. )
p.s. u said it yourself that “yo i am your big brother!” 
Re: IBA or LUMS
IBA is better known and respected outside of PAK and if you plan to travel abroad that will be your best bet.
Re: IBA or LUMS
i think in fact i believe the way people are going in to this field they make themselves "lakeer k fakeer".
while some may end up as 'book keepers' in your view, there are many that are doing strategic work, just because they have to work within certain rules, does not mean they are lakeer kay faqeer. Locate some financial analyst who works in the mergers and acquisitions area, or in private equity firms and you will see. Same goes for accountants, with complicated financial transactions and holdings, local and global, tax credits, incentives reporting requirements, new regs liek sarbanes oxley, things are anything but routine for ppl working in accounting firms, just ask Faisal.
the complicated financial models take some creativity as well, as they get into extrapolations, sceanrio analysis, and things such as monte carlo simulations.
Your view that these people become lakeer kay faqeer is simply based on lack of knowledge.