How to Choose Right MBA College
MBA 2019-21 admission process is already started in all the top MBA and PGDM colleges in India. You are now searching for the best fit MBA college for you, after getting the results of entrance exams like CAT/MAT/CMAT/XAT.
Everyone who wants to do an MBA would like to get one of the top B-schools like IIM Bangalore, IIM Ahmedabad, IIM Lucknow, IIM Calcutta, MDI Gurgaon, FMS Delhi, IMI New Delhi, SPJIMR Mumbai, IMT Ghaziabad, NITIE Mumbai.
But you have to be practical - these top colleges have limited seats and if your entrance exam score is high then only you will get admission. But what if you have less score, you will prepare once again for MBA admission in 2020-22 batch. If your score is less, still you can get admission in the best colleges in India.
If you are planning to get admission in 2019-21, you must prepare your mind and decide out of the available best options you have. Now there are many questions coming into your mind – How to select the best MBA college? Just follow the below steps
1. Check Your score and MBA options:
Check your MBA entrance exams score - Based on marks search for how many colleges are going to accept your marks. Since the B-schools with a good education, moderate fee structure and good ROI is the best way to choose. Choosing the right B-school based on various facts should be the first step and how to get into it be the next step.
After going through these B-schools and their admission last dates, you should prepare a list of MBA colleges with admission process to choose the best B-school according to your preference. One of the important factor fee structure for the selected course - One of the most important factor candidates should consider for selecting the college. candidate should compare fee structures, what are advantages and disadvantages, and ROI(return on investment ) in different colleges, Even if the fee is high in any college, the candidate can opt by taking education loans in banks, but only if ROI is good.
2. Programs offered by colleges:
While selecting colleges, you must check for the programs or courses offered by different management colleges and narrow down those offerings and select based on your interest. If you are interested in MBA Finance and the B-school does not offer specialization in it, there is no point of opting that MBA college. In fact, you should first figure out what is your career goal and which is the relevant MBA programme for you to help you achieve your goal.
If you go to an MBA college offering MBA Marketing while you wish to pursue an MBA Finance or some Industry aligned MBA, you will be wasting your investment and 2 precious years of life.
Most of the colleges have different admission procedures and requirements. while some students get selected by there performance in entrance exams and some offer admission on a merit basis. Candidate must prepare a List of colleges by considering these two factors.
3.The legacy of the MBA college:
The truth that old is gold has not yet gone wrong when deciding on the Best B-schools. The legacy not only reflects its position on placement year after year but also proves the sustainability and growth of the institute over a period of time. The learning experience from well learned experienced faculty is another advantage that students of an older B-school get according to changing market trends.
The older the B-school, the higher is its alumni base that leads to great placement. How true it is, you will know simply by comparing the 19 IIMs where the older ones have completed their placement 2017 with high salary packages and newer ones are still way behind the process. FMS Delhi the oldest B-school offering MBA has a legacy of more than 60 years. Its alumni base is spread all over the world. Candidates get placed within a few days when campus placement starts.
4. Consider the ranking and affiliation of the college
Candidates must consider the rankings of the selected colleges. you can check Rankings given by the national institutional ranking framework (NIRF) Started by Human Resource Development ministry. and also check whether your selected colleges are autonomous or affiliated colleges by universities.
5. Placement records
Candidates also check the Placement records of the B-schools and IIMs and other management institutes before finalizing. you can also get in touch with the current students or those who have previously recruited from that college to get a better idea.
The future of the MBA job market has already started showing upward trends. Almost all the good B-schools like IIMs, JBIMS, FMS, SPJIMR, XLRI, IMT, MDI, IMI, TAPMI among others have claimed a hike of 20 to 30% in highest and average salary offered by recruiters to their students in placement 2019.
The trend started in 2016 has picked up further in placement 2017 despite the increase in the number of students seeking placement in top-rated B-schools.
6. Good infrastructure
Candidate must visit the college's they have shortlisted to ensure that infrastructure is good. you should choose a college that student-friendly environment and offering good classrooms, libraries, laboratories hostels etc.,
Poor infrastructure, bad classrooms may not offer a good learning environment. The institute can claim to have state of the art campus featured with many USPs but the fact could be something else, it may be running courses in the hired campus. Even many new IIMs do not have their own campuses and are operating from small hired campuses with no on-campus hostel accommodation. Their campuses are neither ready nor operational till date although you may find great pictures of these campuses on their site. This fact can be known by visiting the site of the institute and reading the mandatory disclosure available there.
Good management institute is supposed to have good, well-equipped classrooms, library, auditorium, residential accommodation for the students on campus so that they can make the best use of the library, labs and get mentorship from their professors when they feel like.
7.Last but not least, Faculty-student ratio
So, faculty at the B- school decides the learning experience in transmit the education at the institute and is the main factor in providing adequate mentorship to the students. The better is the faculty-student ratio, the better will be the mentorship at the institute.
A faculty-student ratio of 20 students mentored by at least 1 teacher could be considered a good one. If there are fewer good faculty members and the ratio does not remain good enough, it may affect adversely the learning experience at the B-school.