Every student considering doing an MBA looks at the opportunity differently. For some it is their ticket to a high paying corporate job while for some it brings them a step closer to their entrepreneurial dream. For someone, an MBA with a particular specification helps them pursue their passion on the other hand for one it is a safe bet for a decent job. This degree can help aspirants achieve their personal goals.
Since the ultimate experience that one is looking to gain differs from person to person, the B-School that will suit them the best will also differ. Putting your finger on a B-School that fits your requirements can be a rather daunting task, given the scores of colleges that have sprung up in every nook and cranny of India. "I was absolutely lost while choosing an MBA school since there were so many to select from. I ultimately broke it down to a few parameters and judged every college based on them. The systematic approach helped and I found the college best suited for my needs," says Tejeswini Sharma, a final year MBA, Media and Entertainment student from a prestigious college in Mumbai. The path chosen by Tejeswini is a great idea as it helps students understand their priorities and judge an institution based on them. To help you in the quest for finding the perfect college we are mentioning a few parameters that you should consider while selecting your B-School.
Know Thyself
Richard Branson knew from a very early age that he wanted to be an entrepreneur. So did several successful people who identified what they wanted to do in life and went ahead with full force to achieve it. So, it is important to know what you want. Once you figure that out, try to find colleges and courses that can help you bring closer to your dream. Be it specific courses like family wealth management, media planning, hospital management or socially inclined management courses there are institutions that will equip you with the required skill set. Figure out what you want and your strengths before choosing your college.
Faculty
Any college is only as good as its faculty. The teachers and an institution’s unique pedagogy should always be looked into as it will affect the final outcome of your career in several ways. Students must also keep a look out for an updated curriculum as employers today require industry ready professionals. A college that prepares students for the corporate life will show better placement records.
ROI
For a majority of students an MBA is their resort of finding a high paying job. Doing an MBA is akin to a long term investment, which will bring you returns in the longer run. Every student wants to enhance their return on investment. Fortunately, the return on investment is indeed rapid for the vast majority of graduates, with the average return being three to six years. While choosing a college, keep in mind their ROI as you will invest a rather big amount in getting the degree.
Peer Group
A student spends a great number of hours with his peers and in a B-School your company is very important in shaping your personality. B- Schools are also a great place for networking which helps you in your career enhancement in the future. Irrespective of whether you aspire to be an entrepreneur or work in an organization, ‘contacts’ will always be beneficial. When you are working closely with other students in groups, discussing cases and solving real problems, experienced peers will enhance your take away. Consider what you want to get out of the classroom experience and look into the demographics of the student population before deciding on a college.
Ranking
The season for admissions brings about a plethora of advertising campaigns with colleges trying to reach out to prospective students. During the same time, several respectable publications and resources also come up with listings that rank B-Schools. These rankings follow standard parameters and are a reliable source that can largely help students to make their final choice. Make it a point to go through several listings and look for the best match for you.
Apart from these parameters you should look at the location of an institution as it affects the placements of an institute in a large way. It is also important for you get the right kind of exposure during your course. Also pay heed to the infrastructure that the college provides for its students. It is very important to have well equipped classrooms and amenities that help students maximize the output they get from the course.
Make Smart Choices
Getting an admission into an MBA college is actually a two way process and the institution of your dream must also accept you. Every other MBA aspirant thinks of the IIMs, XLRI, FMS, Narsee Monjee and various other top colleges as their only choice but all hope is not lost if you don’t make it to these premier institutes. Just look for other AICTE approved institutes which provide good placements and have a well experienced faculty and we guarantee you, it will not be a regretful decision.
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