MBA is a one-time investment. People give a lot of effort to get into the right B-school. People give a lot of effort while they are in a B-school, which has a long-lasting impact on their career as well as life.
While doing an MBA, people do not only grow professionally but also personally. It is necessary that people choose the right B-school for them. There may be a lot of queries in mind that how to choose the right B-school! Let’s solve one by one.
There are five major parameters that cannot be neglected in any case:
1. Placements Record:
Check placements records. The college will give a number, but you also need to have a look at what kind of companies recruit from the college. Best companies go to the best colleges. Look at which companies hire regularly, what package they give, and what roles they are offering.
Here, you need to shortlist a few roles for which you would like to appear for placements. If your goals do not match the placements, you are probably looking at the wrong college.
2. Infrastructure and Facilities:
This is the second parameter to look for. The best infrastructure does not mean the best learning. But look for basic facilities such as well-organized classrooms, a library, an auditorium, a cafeteria, and accommodation on campus.
Give a thought about batch size and facilities. Are these facilities enough for all students in college? At times, this happens, the quality of facilities is excellent, but not enough for the entire college.
3. Return of Investment:
Whenever you might invest money in any mutual funds or asset, naturally, you will consider a return of investment. Why not for MBA? Spending money for an MBA is also an investment.
You need to calculate the expenses you are going to pay for an MBA, while what kind of package do companies offer in college? Expenses include tuition fees, books, transportation and accommodation, and so on. You need to calculate how many months or years you will get your investment back.
4. Student Review:
College provides all the information which is required to know before applying. However, sometimes, you have to connect to students or alumni to get real information. Connect to them on social media and ask them about college, faculties, recruitment trends, learning experience, what kind of exposure they are getting from college!
Exploring specialization for college you are applying is necessary. Because you might want to pick operations or human resources, what if your college does not offer those specializations! As your goal might be to specialize in a particular domain, this is the most important task. Check which specializations and electives college is offering.
What else should you consider?
If five major parameters are rock solid, you can start looking for these parameters.
1. Batch size:
Why do you think batch size matters? Batch size matters when it comes to teacher-student ratio. If there are too many students and a few faculties, learning experience may get affected. It also has an adverse effect on placements.
Location matters, when you have to spend two essential years of your life. Look for accommodation and food available around the college, if college does not have a residential course. If the location of the college is nearer to an industrial hub or industrial hub itself, you will get more and better opportunities for projects, internships, and placements.
Ranking and accreditation are necessary to look for because they assure quality learning and financial AID opportunities. AICTE Recognition and AIU (Association of Indian Universities) are major nationally-recognized organizations. Look at the website of these organizations and find out which colleges are accredited.
Every college may have similarity in program or curriculum, but faculties are what makes college unique. The quality of research, knowledge, and experience a faculty has matters a lot. Not only theoretical but also practical. Because students can study the concepts through the internet but sharing real-life examples, case studies, different perspectives, uses of the concepts are given by faculties. Check for reviews of faculties or talk to alumni.
Quality of learning a faculty gives matters. But what also matters is the network faculties have built in the industry in order to get the best projects, internships, and placements opportunities for students.
Theories are not the only source of learning in this era. There are case studies, research papers, group discussions, presentations, industrial visits, class activities, real projects, guest lectures from industry experts, and so on. Research for everything and apply carefully.
6. Scholarships & Financial Aid:
MBA programs are getting costlier. A student has to look for various options. Which colleges offer scholarships or which college helps them to get an educational loan with low-interest rates? Which college provides a loan assistance program? Does the college have a tie-up with a bank for a loan? Answers to these questions will help you decide the college.
7. Industry Connect:
Great industry connects can bring great seminars, guest lectures, live projects for students. Students can enjoy immense practical learning given by people who are working. Because they will bring problems and solutions to students faced by themselves. It will be like a live case study for students.
8. International Exposure:
This is necessary for students who want to have international exposure. International exposure brings various cultures on the same campus during an exchange program. It also gives insights into the global marketplace.
Some colleges also have foreign professors for a particular course or guest lectures and global content into the program.
9. Legacy and alumni base:
If the college is older, the more alumni it has. You can easily connect to them and ask for assistance. In the digital era, you can always find them on LinkedIn, Facebook, or Twitter.
The more the alumni, the more opportunities. That means more opportunities for learning, internships, and placements. The alumni do not only provide opportunities but also builds the reputation of the college in the market.
Get certainty of information and apply to the college which right fit for you.
Author: Pooja Metai
Also Read: MBA Admission Process
Also Read: MBA Specialization