Committing two years of your life, together with lakhs of rupees, deserves a careful consideration. The reputation of a top-ranked B-School is likely to impress your prospective employer. Your choice of a B-School will affect your career and your future.
More than just getting a MBA degree, it is perhaps more important to choose the correct institute from which to get the MBA degree. Pursuing MBA in a reputed institution not only helps in getting high profile job, it also increases the value of your certificate, creates better consolidated business network, and obtain new skills and knowledge acquisition.
By following a simple checklist, students can easily choose the right place for them to pursue their Masters in Business Administration.
Check whether the Institute is registered/ affiliated to a University/ recognized by a body like the All India Council of Tech Education (AICTE), Government of India and/or Department of Technical and Higher Education (DTE) of the state and/or accredited by National Board of Accreditation (NBA).
Select the institute that offers courses in the area of your career focus, delivering educational programs relevant to that particular career/profession or field of study that you are interested in. Find out the details about the characteristics of the B-school that make it unique.
A post-graduate qualification in management or its equivalent from a top ranking management institute will get you excellent placement opportunities. A large number of management institutes boast of a 100% placement record for their students. A very important factor to be taken into consideration regarding placements is the level of salaries offered to the graduating students. The IIMs and other "Ivy League" institutes claim an average placement salary of about Rs.10 lakh to Rs.16 lakh per annum. The highest salary on offer for domestic placements can be as high as Rs.35 lakh. The lowest salary on offer at these management institutes is about Rs.7-8 lakh.
An important factor that most students miss in the excitement of high average salaries is the average number of offers that each student gets at these schools. The IIMs and other top institutes have an average of 3-4 offers per student (of which the student can pick only one).
The vision and excellence of the faculty not just in terms of academic qualification but also in researches carried out, papers published, projects undertaken, and the first hand experience of the practicability of solutions juxtaposed with the experience of having done the real thing through the students makes for real learning. While considering faculty, one has to look for the number of permanent faculty, the experience of faculty, their experience, and their business knowledge.
Image of the Institute:
A factor that need not specially be emphasized is the reputation a given management institute commands and the image it perpetuates in the industry. By terms of quality of the companies visiting the campus, the quality of projects, guest lectures, and visiting faculty gives an idea of the kind of rapport the institute has built up for itself in the industry. While it can be said that it is natural for older institutes to have a better reputation than the ones that have started recently. But it's difficult to get admission in such reputed institutions. Such cases other phases are taken into account for selection of the institute.
Teaching and research are important to all business schools and a B-school should be able to make a judicious balance between the two. It depends on percentage of faculty is involved in research, time the faculty devote to research, and relevancy to business with the research output academics and theories.
It's an important determinant to judge whether the school offers qualitative environment conducive to learning. The infrastructure includes not just the lecture theatres, auditoriums, or other such entities, but also the availability of adequate resources for effective and quick learning to take place.
The culture of the school should be a very influential consideration. You will be surrounded with people whom you have to stay with 2 years and going to enjoy the meetings. Establishing the culture of the school and profile of the people is fundamental in ensuring you make the most out of your time at business school.
Deciding on the right B-School is a big deal and needs a lot of time to judge. You have to gather enough information online and offline to find out a right path for the good institute. There are lot of counseling and career guidance Services to Students aspiring to join Professional Colleges and Courses across the country.