With the increasing demand for MBA professionals in the organisations and a global demand for masters in management alike, many MBA aspirers are looking for Universities or B Schools that offer a suite of programmes including quality education, expert faculty, peer learning, high-end recruitments, industry exposure, state of infrastructure, alumni base, etc. These are the basic prerequisites that need to be fulfilled from the point of any entrant. However, it is important to note that there are other factors that describe the uniqueness of the University, which includes the rankings in various aspects. Before choosing a B school, it is recommended or highly instructed to look out for the possible programmes or courses that a University has to offer. As an individual, it is also suggested that the applicant has a right knowledge about the right course that he wants to pursue and how that chosen course and college benefits his career and his future personality as an MBA professional in an organization.
Over the years, the number of students pursuing MBA programmes is significantly on the rise with a huge demand for MBA than any other masters or post-graduation courses like Masters in Technology or Masters in Science. It is keen to observe that many of the aspirants taking up post-graduation course in business management are non-business graduates, i.e., graduates holding bachelor degrees other than in business. It is evident from the above fact that there is a rise in demand for MBA. We all know the theory of equilibrium where demand is always directly proportional to supply. With the demand for MBA courses (specialized) on the rise, there has been a surge in the fee structure of the courses as well. This is now a tough task for all aspirants to get an analysis of the schools that meet their requirements with a decent investment and also a good return on the investment.
Considering the parameters that form the basis for ranking the colleges like geographical location, colleges with relatively low fee structure, colleges that offer a scholarship, graduate employability rankings, to name a few, help in choosing the right college. The ranking of the Universities should also showcase the indicators that reflect the institution’s overall performance, academic reputation, placement ratio, size of the program and the outcome data. We provide you with a set of attributes that an MBA applicant should focus on before choosing the right school.
1) Faculty: Having an expert or inspiring faculty in the universities contribute to providing quality education and branding of the business schools to a large extent. A good business school is a one that has the most experienced teaching staff who have the knowledge and expertise in teaching the students and mold them to be successful business professionals in the future. The presence of the teaching staff online/offline, distinguished faculty, full-time/part-time faculty, their availability to provide continuous guidance, guest lectures that the college has from across the globe, etc. should be carefully looked for before opting for a college.
2) Fee: While there are many B schools that offer the post-graduation course, yet the quality of education, placements, and returns remain a question because of the expensive tuition fees. It is always recommended to check for the fee structure and the return on investment that an MBA aspirant is likely to get. Availability of bank loans coupled with scholarship schemes will make even costly programmes affordable to the common student.
3) Scholarship: Students are advised to make inquiries about funding options. Does a B-School offer guarantee loans with low-interest rates? Scholarship that the college offers or whether the college has tie-ups with any banks should also be taken into consideration.
4) Infrastructure: This is another important criteria before choosing a business school as the applicant will remain on the campus for a good number of years to pursue his course. It should be observed whether the school has the state-of-the-infrastructure like classrooms, library, hostel, labs, cafeteria, with internet connectivity, vast campus, playground, Wi-fi enabled and a peaceful environment that is student-friendly.
5) Location: The geographic location plays a major role in selecting the right B school and also has long-term implications for the location of your personal network. You’ll spend two years meeting people in that city or town, and these relationships can really help you out when it comes to getting a job or succeeding in your career.
6) Choice of Subjects: A good B school offers specialized courses in management for students who already have some specific expertise in a chosen area and are looking to update their skill sets and competencies to grow in that area.
7) Reputation: A good business school carries a reputation for providing not only quality education, peer learning, better placements and industry exposure but also promises an excellent return on your investments. When you’re looking for a college with a good reputation, the above factors should be included in the package of reputation.
8) Administration: A great administration or management or leadership is that critical factor that decides the worth of the college. Having the best administration (Dean and other Administrators) who are well experienced in both academics and management are tilted towards giving their extensive support to students in achieving their dreams and managing the students, faculty, and alumni effectively.
9) Exposure: Some B schools offer MBA programmes that provide students with the opportunity to study or work abroad as part of the course. Students who come from other countries during an exchange programme gives a global exposure for the other students to appreciate cultural differences and gain insights on foreign policies.
10) Placement: Placement or recruitment in any college is what ensures the applicants to evaluate the graduate outcomes. The higher the placement ratio, the higher is the outcome. The number of companies visiting the college every year, the starting-salary that any student is offered, etc., display the school’s endeavor on a magnifying glass.