One day, a student who was quite exhausted from standing in the job queue after his graduation went to meet his father asking for permission to join a MBA program and said, "Papa, I want to join MBA and I have found a good college. They are giving a lap-top free with admission and my friends are also joining in the same college." The poor farmer was unaware about the strategies used in the education sector and the word 'free' coerced him to think that the college that his son chose was a big institute. He sent his son there happily. After the two years of study, the student went on the same job queue again but this time with one more certificate. However, the result was same as nobody was ready to give him a good job. This is the story of many in our country who have blindly taken decisions before joining a vital course like MBA.
At present, the country has more than 3900 MBA colleges with a mammoth intake of 3.5 lakhs and significant numbers of seats are vacant in this sector. From the statics published after final round of Centralized Admission Process (CAP) 2013 show that over 40 percent of B-school seats were unoccupied, this is a horrifying fact. However, AICTE is still receiving more than hundreds of applications every year for starting new MBA colleges. This inflation in number of colleges is transforming the education sector to a profitable market space, where managements are attracting the students by making various marketing tactics like giving discounts on fees, complimentary gifts and showing exaggerated placement records.
More than 90 percent of Indian B-schools are running on 'admissions-classes-syllabus-exams-degree' philosophy that are quite similar to many undergraduate degree colleges with no serious industry interaction, no real case study based teaching, no fieldwork, and no focus on quality of students admitted. The inflated data on placements by various b-schools makes students truly confused while choosing the best B-School that can serve them a career with fast track growth.
With plenty of options available in the present scenario of higher education sector, the question that arises is 'how can a student find the right platform from these countless institutions? Apart from the institute's reputation, ranking, faculty, curriculum and infrastructure, it is placement that serves students career goals play a major role while measuring the quality of an institute. 'Quality' and 'quantity' should be the two objectives considered while checking the placement details of a particular college. It has been widely thought that the college that provides maximum numbers of placements will automatically have great quality. It cannot be true for each and everyone. Students should understand the fact that showing the inflated placement record is one of the marketing strategies implemented by most of the two and three tier institutes. Quality of placements are relayed by the kind of roles that offered by companies with complex products and services. A student should value a role that builds a strong foundation for his/her long term career survival, growth and happiness. He should also look at the number of 'success stories' of the respective B-school alumni.
Do not Fool Yourself
Prior to the hunt for best B-school one has to make sure whether he/she needs an MBA, as it is a degree that requires significant investment of time and money. The students need to find the answers for two questions before they plan to sign up for MBA. 'Why you want to pursue an MBA and 'what would you achieve with it.' If the answers are in accord with your passion then it is obvious that, the doors of success will open up for you. Every 'good communicator thinks that they are good for HR/Marketing job, which is not true. They should explore their passion, competencies, interests and abilities, in the first place. Then explore the right career option that fits their case.
The important fact that to bear in mind is not to choose a course based on the elusive packages that many people have attained with the degree. Keep in mind that doing the same is good enough to thrash your entire life. Prepare yourself to face the industry, be honest to your passions and analyze with your brain before taking the big step.