Getting into an MBA programme is an expensive affair. In India, the programme can cost Lakhs of rupees and much more. The potential MBA student has to pay more fees if he is pursuing it from a prestigious college. In regard to the amount of the investment required for the programme, it's always to do research regarding the business school and the programmes provided by them under “MBA”. The perks of having an MBA degree are undeniable and can be a profile boosting career option for the graduate students. The programme opens the door for a stable standing in the corporate world. There are certain factors that a student should consider before opting an MBA programme:
PURSUING MBA FROM FOREIGN UNIVERSITY:
The most appealing thing for the students in today’s time is moving abroad to pursue an MBA programme. It is necessary for the students to figure out where they want to pursue the programme. In the USA, it can cost approximately US$ 50,000 and more than this. Pursuing MBA from foreign costs a lot for the students, as such it’s best for the students to look for funding options. This can involve taking education loans from the banks, scholarships from the universities, and students can also opt for part time jobs while doing their MBA. Being a postgraduate student they also need to manage other things like where to live, best transportation, family issues, health and so many other issues by themselves. Pursuing an MBA from foreign brings a lot of the things on table to be taken care of. So, it will be very wise to hire a counsellor or institute which can assist you with the process of enrolling into foreign universities and doing personal research will also aid you.
ACCREDITATION OF THE COLLEGE:
While looking for the business school, the analysis of the top MBA schools is accredited by the authorities responsible for it. In India, the authorities responsible for the accreditation are AICTE and UGC. If the business schools are accredited by AACSB, AMAB, it means that the institute has joined the international league of Business Schools and provides quality education and global exposure to its students.
RANKING OF THE BUSINESS SCHOOL:
As the article states in its starting paragraph that doing an MBA is an expensive affair and can be heavy on the pockets of the students. It’s always advisable for the students to go for prestigious institutes which have an excellent alumni network and offer a promising post MBA opportunity.
CURRICULUM AND INTERNSHIP:
The nature of the MBA programme provided by the institute or the business school can only be evaluated through their curriculum and the exposure they provide their students through internships. Understanding their teaching strategies and pedagogies. Lectures are a great way of building the foundation of the programme but industrial experience can lead to the application of the knowledge gained through the lectures. If the institute is only sticking to the classroom-oriented methods of teaching and doesn’t provide you with an opportunity to apply your knowledge at industrial level then move away from that programme.
The reputation of the institute is measured by the methodology they apply for educating their students, their faculty and the whole curriculum. The recruiters look for various aspects before herring you as their employee. Recruiters value the action-oriented programmes and are attracted towards the individuals who have industrial based experience. The attributes valued by recruiters are function at the previous work, internships, Work experience gained before MBA, and the institute from where you are pursuing your MBA. The selection probability for the students who have had an experience, worked on a real project, and have achieved expertise over their selected areas are higher than the students who don’t have a working experience.
ALUMNI NETWORK:
An Alumni network is really important because it improves the possibility of landing onto a good opportunity. Having a large size alumni network will not help out if it is not approachable. The stats that you should keep in mind is that the alumni network should at least have 4000+ members in its network.
While looking for the alumni network make sure that they are working globally and are spread geographically throughout the world which can benefit you in grabbing opportunities available out there in the world. The questions you should look for are “is the alumni network of this institute prestigious enough?’’, “What are the methods or modes provided by the institute to contact the alumni?”. Some schools organise special events for the alumni meet to promote the contact between their current students and alumni.
POST MBA SERVICES:
Post MBA services provided by the institutes plays a very vital role in providing the opportunities to their students. Carrier service centre helps students to establish relationships with the recruiters. The information about the service centre is mentioned in the brochures of the institutes in which they clearly mention about their placements, salary packages, and recruiters who visit their institutes for the campus placements.
Apart from this, the carrier service centre facilitates the students with building the resumes and preparing them for the interviews through conducting mock interviews. The goal of such centres is to get their maximum possible students placed. If the 60%+ of the placements were done through campus, then you can trust the institute.
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