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How To Deal With Career Setbacks

I have (had?) this dream company that I want to get into after completing my degree from one of the top MBA colleges in India. It came to the campus but I didn't even make it to the first base. Others, less competent than me, made it. After a bout of depression, I sat down and pondered deeply about what happened.
Did I really prepare well? The basic requirement was to behave as if I was already part of the company and understood its culture and processes well. If I really knew that, I would have known what they were looking for and modified my covering letter and CV accordingly. If it was an aggressive company, my CV and letter would have shown by example, what I have done that was similar in nature. My behavior in GD would have been different. If it was a company that prided itself on a more nurturing culture, things would have been presented differently.
I did not utilise the pre-placement talk well. This was an opportunity to know the people who would interview me, the real job description, their expectation from me, and to impress them with my research, as well as fill up the gaps ...
... in my research. In case I was not selected, it would have given me the names of the people to contact later or to add to my black book.
A basic question that I pondered deeply over was this. Was this the right company for me? Was I applying on the basis of my ego, the salary and perks, my family expectations, advice from well-wishers, and did I know if this would bring me closer to my ultimate goal, and will provide me with the nurturing environment to hone my skills? Did I really have enough information to make that decision?
If the answer to all were in the positive, that is, I had done my research, I had used the PPT effectively, I knew the culture was right, this was the right company for me and I had written the best CV and covering letter, and still got rejected, then I needed to go to plan B.
I have to be persistent and approach the company again, this time armed with more knowledge.
I would whip out my black book and find someone who knows someone who knows someone, ad infinitum, till I find a link into the company. I would talk to a real person, explain my situation and passion and ask for advice.
I would contact the people who came to the PPT, and explain to them my passion and ask for an appointment at their convenience to meet and re-present my case.
I would write to the CEO or the geo head or the asia pacific head and explain why I think this is the right organisation and culture for me and what I can contribute.
The aim is to get some one to move the faceless HR department not to see me as another faceless aspirant, but some one with flesh and blood and a hunger to do good for my company of choice.
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