Everyone who wants to go for an MBA would like to clear the CAT or XAT and get into one of the IIMs or XLRI or other top business schools of the country but that cannot be so in reality. Every year there are more than 400,000 MBA aspirants out of which only 15,000 of them can make it into the top 100 b-schools. So, what about the remaining students? It is better then, that they take up a practical approach and try to get into the other available MBA colleges. However, there are a few points to be kept in mind while choosing a B-School:
• Faculty – Faculty is probably the most important aspect of any business school. Most of the MBA colleges give an inflated list of names on their website, but the actual scenario is always different. So, it is better to check the permanent faculty strength before deciding to join a particular institute.
• Location – If the college is not the top notch ones of the country, it helps if it is located in a good city. A college in a metro city has better industry interaction as most of the companies are concentrated around these cities, like Delhi, Gurgaon, Noida, Bangalore, Hyderabad, etc.
• Placement – Placement is the most common reason for doing an MBA in India. Every b-school makes tall claims about their placement records, so it is imperative that you try and verify it by talking to the ex-students and seniors. You can also check out the previous’ years records to get an idea of what all companies have come and the packages they have offered.
• Fee Structure – Many business schools are not very transparent about their fees structure specially the lesser known ones. So, you should clarify the doubts beforehand. There is no point in paying a fortune for just an MBA degree from a lesser known college.
• Infrastructure – A good infrastructure is an absolute necessity and there have been plenty of times when the college brochure and pamphlet has been altered digitally to give a better impression to the prospective students. So, it is always advisable to physically go and visit the institute that you are trying to get enrolled into.
Apart from the above issues, there are other matters like affiliation, hostel facilities, extra-curricular activities and pre-placement training that should be discussed with the seniors. And nowadays, most colleges have their own pages on social networking sites like Facebook and Linkedin, etc. So, check them out too as they generally tend to have correct information there.
Finally, take your time and choose well and wisely, for you are taking a big decision of your life!