What makes an alumnus of a reputed business school stand out from the league. This blog intends to put into perspective what are the factors you need to look at when targeting your dream B school. The Most important criteria which an individual should be looking at in targeting and selecting his/her B School cool are explained here with a final conclusive note.
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1)..BRAND NAME
Branded for Life is something you would hear often when people talk about IIMs or IITs. Pursuing your Post Graduation from a highly recognized Institution is always a safe bet as it provides the prestigious badge of being labeled as its alumnus. For many their post graduation is the last academic qualification they would have, hence it’s really important that you have widely recognized brand associated to your profile which would provide you required edge to make a mark in your corporate run.
2) PLACEMENT STATISTICS
The Placement Statistics are the Most Important aspect which you need to be aware of before you enroll into a B School especially here in India. Placement opportunities provide you the assurance that you will get an opportunity to prove your worth in front of globally operating firms and even In fact your dream Companies. Top tier B Schools in India like Major IIMs, MDI, SP Jain, JBIMS etc. have a stupendous 100% placement record and the median packages which their students get are anywhere around 25 lakh INR per annum.
3) FEES AND ROI
Fees and the Return of Investment is the real deal maker or breaker for an individual to select his/her business school. Though there are quite a few who could manage expensive Education but not everyone is financially capable to afford Quality Education at highly priced rates. The average fee for attending a Post graduation in Management Program at Prominent B School in India is anywhere close to 20 lakh INR. Even though people get scholarships on fulfilling different criteria but these are very limited in Number. The B Schools in India which are known to have low fees and provide excellent ROI are FMS Delhi, UBS Chandigarh, TISS & JBIMS from Mumbai and NITs to name a few.
4) INTAKE
Intake plays an crucial aspect in enrolling for your dream business school. A college having limited number of intake having a better probability of placing students with strong profile whereas compared to a one which has higher intake. Today in India there are business starting intake from 60 students to 1200 students.
5) ALUMNI NETWORK
Alumni’s networking is an Integral part of being associated with an Institution. Business Schools which have made a mark for themselves and are popular among the general pool provide their students the advantage of having a highly resourceful alumni network. These are created through active participation in alumni meets and inculcating the importance of better public relations among students. After all it’s a fact that in the corporate world the growth you show is in accordance with the amount of connections you possess.
6) ATTRACTION OF LOCATION
The location of an Business School plays an crucial role in desiring it. Having a prime location where majority of the companies and urban population exists is always an added advantage. Different locations have different demands depending upon the place of residing of the aspirants. its natural that a person wants to stay in his/her hometown as it provides one the maximum leverages. A b school in Bangalore (the IT HUB) may have higher demand as compared to a b school in rural location like Murshidabad.
7) CORE PROGRAM OR NON CORE PROGRAM
The Program which you are getting plays a key role in deciding your Business School. This is a tricky decision , If you have an option of of a non core program in a tier A institute versus with a core program in tier B institute , it is always better to select the former. Whereas if the the b school options you have are of equal tier then selecting the one offering core is always wiser.
8) STRICTNESS AND HARD WORK
This depends upon the enthusiasm of different individuals , if one is ready to work in a rigorous manner during his/her MBA then he can take up any B school but if any one wants a shortcut or a light hearted MBA then he may have to go with the college which provides him the maximum leverage.
9) ACCREDITATION’S
Accreditation’s are the official proof of an institute’s credibility. It is awarded to a college on the basis of its teaching and evaluation standards when they satisfy the criteria which the awarding body has prescribed. It is really important that your degree is valued across the world and having accreditation’s does the same. Popular accreditation’s across the world and the Indian subcontinent are AACSB, AMBA, AICTE, and NBA.
10) FACULTY
This is a wow factor which any B school needs to possess in order to stand out from the league. Some business schools have in house faculty which is excellent, whereas some have guest faculty which are credible. It is always ideal to opt for the one which provides a balanced faculty of in house and guess lectures to cater to different requirements of the students.
FINAL NOTE
It is not necessary that every individual would get all of these TEN features in his/her B School but it would be ideal if you are able to have achieved atleast five of these features in your B School which could make your MBA experience content and satisfactory in the long run.
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