The Indian higher education has undergone a major transformation in the last couple of years with a rapid growth in the number of business schools, and the concurrent rise in students enrolling into MBA colleges in India. A degree in management studies can open up numerous avenues in the professional arena, and there are almost 1000 MBA colleges in India to choose from now. The decision about which MBA college to select is a big one and requires proper consideration before opting for one. However, with ample information and an understanding of certain parameters, you can make an informed choice.
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Exam Accepted & their Cut Off: Check your eligibility
The first and foremost factor that should be taken into account is the acceptance of the relevant exam scores and its associated cut-off. You should analyze each college’s score requirements and decide accordingly based on your own performance. Generally, the top B-schools in India accepted CAT, XAT, NMAT, GMAT scores along with CMAT and MAT scores for their full-time or part-time MBA program. The cut-off percentile will also vary depending on the college and the stream you would prefer.
MBA Vs PGDM: Select type of MBA College carefully
There are basically two types of management courses available in India. One is an MBA or an equivalent Master of Business Administration degree which is offered by the universities and the other is a PGDM or a Post Graduate Diploma in Management which is offered by Business schools. There is a great difference between the two courses and the result can also vary depending on the college selected by you. MBA is a direct university degree and it is more traditional and rigid in its approaches. On the other hand, PGDM is industry oriented and provides more freedom to the students. It allows them to choose their stream as per their interest and capabilities. Most of the top MBA colleges in India offer PGDM courses only.
Fee: Calculate Total Amount you will spend, not just Tuition Fee
Fees for MBA colleges vary based on the type of the college, the location of the college and the type of courses offered by the college. There are many colleges which charge very high tuition fees and generally, the tuition fee of the top MBA colleges in India ranges from Rs.6 – 15 Lakhs for 2 years depending on the program. But other than the tuition fees, there will be a lot of other fees such as hostel fees, library fees, examination fees, etc. Students also need to take into account the overall cost of education including other living expenses which need to be factored in when budgeting for an MBA.
Placements: Check Average Salary and Top Recruiters
Most students opt for an MBA to get better job prospects and a graduation in management can be able to take your career to the next level in terms of salary and recognition. You should always check the past placement records of the college before selecting it. Generally, the top MBA colleges in India offer placements in the range of Rs.5-15 lakhs for a period of 2 years. You should also check the companies which hire the most from the college so as to determine the quality of the placements.
Ranking & Accreditation: Trust only the best
It is one of the most important factors to consider when selecting a college for a management degree. MBA rankings in India are released on an annual basis and the top MBA colleges in India always make it to the top of the list. Accreditation is also important to ensure that you are getting the best of education. It is important to ensure that the college is accredited by a recognized body.
Faculty: The most important criteria, research wisely
The faculties of the MBA colleges in India play an important role in providing quality education to the students. They are the ones who provide guidance and inspiration to the students throughout the MBA tenure which is why it is important to pick the best college with the most talented faculty. You should always read about the faculty members in the college to determine their credentials and research works before selecting the college.
Location: Either prefer Top Cities for MBA, or Top Colleges
The location of the college is also a major factor to consider while selecting a college for an MBA. There are certain advantages that come with living in metropolitan cities like Bangalore, Mumbai or Pune. Students should opt for a city which is not only preferred by the major recruiters but also offers plenty of opportunities for career growth. Also, if the college is located in a place away from these cities, then it is important to check the transportation facilities nearby.
General MBA or Specialized MBA: Match your aptitude
Another important factor to consider is the type of program that is offered by the college. There are some colleges that offer a general MBA program while others offer specialized MBA programs such as MBA in finance or MBA in marketing. You should always select a program that will be in sync with your interests and will help you in getting the best career prospects.
Legacy & Alumni Base: Network Matters
It is important to select an MBA college with a strong legacy and an alumni base of successful professionals. You should research the alumni of the college to understand the clout of the college in the corporate world. You should also read about the various initiatives undertaken by the alumni of the college and the donations made by them to the college.
Infrastructure & Facilities: Good Ambience aids Great learning
An MBA college must have a great infrastructure with well-equipped classrooms and excellent library. Apart from that, other facilities like good hostel accommodation, cafeteria, gymnasium, etc. should also be taken into account. It is important to choose an MBA college with great facilities so that your academic tenure is comfortable and enjoyable.
Student Life & Activities: Learn life lessons
Apart from the academic aspects, one should also take into account the student life at an MBA college. You should always choose a college that offers various activities, events and sports where you can not only enjoy yourself but also gain new experiences which will help you throughout your life. Also, check if the college offers any clubs or societies where you can be involved with like-minded individuals and grow together.
Conclusion
Choosing an MBA college in India is a life-changing decision and can shape your career for the years to come. One should always look at the bigger picture while selecting an MBA college in India and take into account the various factors before making a final decision. An informed decision with clear considerations in mind will help you to make the right choice.