MBA course has gained a lot of popularity over the years among the management degree aspirants. Majority of students are opting for a MBA/PGDM course after graduation due to its wide scope in the field of both corporate and academia. It's a popular belief among the students and parents that MBA programs are the key to kick-start ones career at an accelerating pace. But in order to achieve this lavish career growth post MBA it is essential that students choose the right MBA program to begin with.
This article will help you make a well-informed and better choice when choosing an MBA program for building foundation of managerial career. We have listed up all the reference information comprising of factors that can influence your choice of MBA specialisation. Let us take a look at the 10 most important criteria which will help you choose the best MBA Program:
Step 1: ACCREDITATION/ACCREDITATION AUTHORITY
The most vital and necessary aspect is to examine the accreditation of the college/ school prior to taking the admission. No-one wishes to regret, after making huge investment only to figure out, that the institute/college/university or the program doesn’t have the pre-requisite permission and certification. If this happens then your degree has zero relevance in the occupational industry. Therefore, a check of college/ school accreditation is a must.
Look for these accreditations which are accepted in India
1. AICTE Recognition: It is a statutory body and a national-level council for technical education, under Department of Higher Education, Ministry of Human Resource Development. The AICTE accredits postgraduate and graduate programs under specific categories at Indian institutions as per its charter. Visit their official website and check if the institute short-listed by you has received recognition from AICTE.
2. AIU: Association of Indian Universities in the nodal agency for granting academic equivalence to the degrees awarded by the accredited foreign universities/Institutions for purpose of admission to higher courses. Visit their official website and confirm whether the Institute shortlisted by you has received this recognition.
Step 2: LOCATION OF THE COLLEGE/INSTITUTE
With the advent of globalisation, MBA programs are available across the span of geographies and locations. One should deeply analyse as to which area of the world and which sectors they wish to be employed in and what are the placement statistics of the institute pertaining to the same.
Step 3: ADMISSION STATISTICS
Instead of feeling confused, it is recommended to put extra efforts to statistically determine the category in which your scores fall in the list of colleges. Look out for the last year’s merit list to have a clear idea. The merit list is the first step to short-list an ivy league B-School in India. You can set the sails of your preparation accordingly.
Step 4: PROGRAM OFFERINGS & RANKING
Each B-School’s has a unique and differentiated curriculum. Some offer global internships, some emphasize on other key areas such as general management, technical skills. Spend some time to analyse your requirements v/s the curriculum offerings, prior to proceeding with the admission. Figure out without a doubt as to what you essentially want to become after completion of your post-graduate degree at the business school. It is important to know your program ranking to proceed with the admission. We are not talking about only the overall ranking but also where your B-school may rank in a particular area of study.
Step 5: STUDENT EXPERIENCE
Nobody can depict a clear picture of a program more than the previous year students and alumni. Interact with the previous year students to know more about a particular course, ask them about their experiences, knowledge enhancement, recruitment trends and details of the business school. For the social media savvy generation that’s not a difficult task to interact with the alumni. You can easily locate their Facebook, Linkedin and Twitter profiles.
Step 6: CONSIDER THE FACULTY
A good faculty helps building in good leaders and managers. Learn more about the faculty members to set right the expectations on learning and guidance. Go to the official website of the college and carefully read about the profiles of the faculty. After all they are responsible for honing the required Industry skills in you. Faculty is the building block of a premier B-school and your future, hence it is important that you take this aspect seriously as well.
Step 7: KNOW THE CULTURE
Different geographies lead to diversity in cultures. You must efficiently research about the culture of your desired B-school before proceeding with your admission. This aspect will enable you in adapting to the new environment. You can research about the place beforehand and make yourself accustomed to the practises, food habits and climate seen there. For a North Indian student, if he/she wishes to pursue MBA/PGDM from South India, it is very difficult to adjust in the novice conditions. Same situations stands true for a South Indian student coming to North India for receiving higher education.
Step 8: LEARNING MODEL
Each b-school follows different learning protocols such as lectures, case-studies, reliance on guest speakers, field programs, guest projects and internships, to help in understanding different theories behind a program’s learning model. Find out which method works best for you and accordingly make your choice. These days, all the B-Schools/Institutes usually rely on the practical mode of imparting management education. You can watch Youtube videos and read some informational periodicals issued by these Institutes/B-schools in order to get a sneak peak in the Learning Model adopted by them.
Step 9: FINANCIAL AID
Financial aids such as scholarship, loan-assistance program and fellowship play a crucial role in selecting a program. Some B-schools offer financial assistance for business competitions or field based work during the school program. Dwell deep on your financial resources as well as constraints and keeping in mind the amount of scholarship offered versus other factors detailed above, make a decision. Financial Aid is a significant motivation factor because your Return on Investment depends on it.
Step 10: PLACEMENT ASSISTANCE
Last but definitely not the least, scrutinise the placement trends of the shortlisted colleges/institutes/b-schools. Usually good B-schools provide the placement statistics on their official websites along with the placement package. Some colleges have even started the practice to share the placement profile of students on their social media pages. The specialised education is of no good unless industry is capable enough to absorb students from the program/module.
Also, understand that there are several compatriots venturing out at same time for limited number of jobs. One doesn’t wish to be lagged behind in the completion with other students who would carry the advantage of their institute doing the ground work for placing them. Hence, placement trends and results play the most prominent part in your decision making.
We hope that this guide will help you with selecting a program as per your requirements and expectations, for a positive career growth.
Do share this article in order to help others in choosing an apt MBA programme. You can also post your comments or share you experience regarding what factors you considered for choosing an MBA Programme.
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