Top 8 Parameters To Choose An Mba College, As Recommended By Experts

By Author: Anish
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Business schools can equip you with the correct skillset and mindset needed for entrepreneurship and business management in a short period. The only catch is that it should be capable of doing so effectively. But, how can you decide whether the acclaimed "Best MBA Institute" can help you do the same? Well, few parameters need to be considered while choosing one institution from a vast sea of colleges in our country.

Today, there has been considerable evolution in the management education sector. It has led many public and private institutions to offer MBA programs. As a result, many MBA institutes have popped up in our country, and selecting the best one becomes difficult. An ideal B-school should have a combo of academics, corporate touch, and practical learning experience just like Bengaluru’s WeSchool college. The application process itself should be given enough thought and time. The main reason behind this being that each business school you apply to will cost you 1500 to 2500Rs and selecting the wrong ones is a liability. So, this article will help you narrow down your search on how to select the best MBA institute ...
... for you based on a few important factors.

Different colleges, different exams

Colleges have set their selection criteria to accept students for their MBA courses. Some of them conduct their exam while others accept the scores of national and state-level entrance tests as an entry point. Few colleges prefer the overall academic profile and achievements more than the entrance exam scores. So, you have to check what are the selection criteria for the college you want to apply to. Bangalore’s WeSchool is well known for its strict admission process. The more difficult the exam is or the more stringent the selection criterias are, the better is the MBA college.

MBA, PGDM, or something else

Colleges specialize in each one of these and you can select according to your requirements. For example, the Bangalore branch of WeSchool is one of the best PGDM institutes in India. MBA is suggested for a student who understands the business language and dreams of leading the world in the future. The MBA course will give them the theoretical knowledge and opportunities to implement it during their academic duration. PGDM (Post Graduate Diploma in Management) is more suited towards a working person who wants to upgrade his/her skills as a management professional and make it big in the corporate world or as an entrepreneur. It is more inclined towards the practical side of things.

The fee

Compare the fee structure of different colleges and look at the inclusions in it. During an MBA course, the fee will form only about 60% of your expenses. You will have to spend money on your stay, travel, food, study material, laptop, and so on. Generally, the total fee for the program ranges anywhere between 2 lakhs to 20 lakhs! Look for colleges or PGDM institutes with a moderate fee structure and good placements (covered below) if possible.

What about placements?

When it comes to placements, the first thing you should look for are the ex-students of the institute. They can tell you about the real and recent scenario of the overall placements scene in the college. Take a note of the top recruiters and the average salary package that they are offering. The last thing you should look at is the college prospectus for getting a better idea of the kind of companies you can expect to see during interviews.

How is the ranking and accreditation of the college?

A college having international and national accreditations is a good sign that the MBA course curriculum taught by them will be top-notch. A B-school having the below accreditations will generally be an exclusive institution. This means that it would not be that easy to take admission into them for your master's in management studies. For example, the Bangalore’s Welingkar branch.

Top 3 International Accreditations:

Association to Advance Collegiate Schools of Business (AACSB), USA
EFMD Quality Improvement System (EQUIS)
Association of MBAs (AMBA), UK
Top 2 National Accreditations

National Board of Accreditation (NBA)
National Assessment & Accreditation Council (NAAC)
Faculty, Alumni base, and Legacy

This is probably one of the most important factors to consider before selecting a business school. The core faculty at any MBA college should be well versed with the management concepts both theoretically and practically. They should have industrial experience in the subject they are teaching in the first place in order to curate a better learning experience. If the B-school has not published details about their faculty on their website, then it is a big red flag. Also, the teacher-student ratio should be around 1:10 to guarantee good mentorship during and after your course completion. Good faculties will help you survive the routine trauma of college life, be a mentor for your career and build your self-confidence in the long run.

The quote, ‘network is your net worth’ holds very true when you consider doing an MBA. The older the B-School, the higher will be the number of alumni and it will lead you to more career opportunities because of the big network. But, be cautious and do your research on what the alumni are doing today. The quality of their work matters, in the long run, isn’t it? Don’t forget to check the percentage of international students in the college as it leads to exposure to the global network. Most B-Schools should give you that data on their website.

Finally, the legacy of the institute can help you in your career in terms of networking opportunities, higher salary packages, good practical exposure, and so on.

Look at the Location

This may sound obvious but it is important to be mentioned. Many students make the mistake of selecting a B-school in a city where the career opportunities are limited because of the nature of the location. The best MBA institutes are located in an industrial hub with career prospect cities like Delhi, Mumbai, Bengaluru, Chennai, and so on. They will help you a lot in terms of getting a job, networking with peers, and starting a business too.

Is the Infrastructure good enough?

Last but not the least, good infrastructure can give you peace of mind while you focus on your MBA studies. It also builds you up as a professional when you have access to an auditorium for public speaking, a library for feeding your mind, clean and in-campus accommodation, and of course easy access to healthy food.

Always make sure to look for an MBA or PGDM institute like WeSchool that has all the above features so that you can expand your wings and become a master of management studies to make it big in a productive learning environment. Don’t believe what the MBA colleges say in their advertisements, do your research and make a wise decision.
For Admissions,Enroll now: https://www.welingkar.org/

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