November 14, 2010

How to Choose the Right B-school

Management courses in India were synonymous with IIMs, this was the scenario of mgmt. education, about 22 years ago. With time several good B-Schools have emerged to cater to the growing population of MBA aspirants but IIMs continue to be the best B-schools in imparting business education in India. The reason is that, these institutes offer innovative courses to satisfy the needs of all sections of students.
In the present scenario, the way by which a mushroom growth of MBA/PGDM institutes have occurred,  it has become very important to understand your needs and select the right institute. Since you will be spending a lot in your MBA, it is important for you select the right institute. How can we differentiate between these colleges? Here are some tips that you can follow to select the best B-School for you.
1) Reputation of the college: There are some B-schools, which already have a very good brand value and are very well recognized in the industry. Students of these well-reputed B-schools are sought-after by employers across industry. The brand value of the college adds value to the student's CV. If it is a new or upcoming college, then it is advisable to consult with somebody in the industry to understand the industry perception of the college.
2) Rankings, it matters: Every year, reputed newspapers, magazines and websites release B-school rankings. Although most of these rankings are not very reliable as they are biased but still they give some idea about the relative merit of the college.
3) Accreditation, consider it:  Check if the college is AICTE- approved or not. Check if the college have the requisite approvals or not. What other collaborations does the college have? It is very important to know what all accreditations your preferred colleges have. If your degrees are not recognized, they won't hold much value especially if you're seeking jobs in the public sector.
4) Placement records, go through it: One of the primary reasons why many students opt for MBAs is to get a well-paid job. It is for this reason that most students carefully study the official placement report of the college. When looking at the placement statistics, try and find out the job profiles offered. Also check out which companies hire from these institutes and for which ranking. What is the job responsibility and specifications of the employees in the market.
5) Alumni, the mirror of institutes:  People are the mirror of any organization. So, talk to the alumni of the preferred college, find out about the college and where they are placed. Try and get your doubts cleared about the quality of education offered and the facilities available.
6) Staff and Faculty: Try to figure out about permanent and temporary faculty members of the college. Find out about their qualifications and experience. A healthy mix of people with some industry exposure is preferred. This brings in insights from the industry and academics to the classroom.
7) Students, your future study environment: Try to figure out  some information about the students studying over there. As, they are the main part of your study environment of your college.Data such as the average CAT/GMAT scores, average age, average work experience and male-female ratio gives you a fair idea of the student mix of the college. 



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6 comments:

  1. hello,i am writing after many days.
    I have been doing a job for last 4 months but i am not satisfied with my job,i want to Do MBA now,
    My academic background is not very good. I did my B.tech this year and was placed from my campus.
    But now i seriously want to do MBA but am not sure which college to chose.i gave feb mat in 2010 nd secured 96.1 %ile nd in CAT'09 got 68 %ile.I have given CAt this yr nd expect around 70%ile. Can you please suggest me which college should i chose.I am specially looking for good college in delhi. a college where i can get a placement of atleast 4-5 lacks.
    I am extremely good in communication skills and management skills.
    I dont want to go in bad college as this will ruin my career so i am very confused. Should i go for a college in pune?I have heard about colleges there but dont know their worth. I am thinking to try for ICFAI hyd also this year.But my main target is to do from delhi.
    I also want to ask that is their any good college wheir i can take admission in jan/feb of 2011.
    Waiting for your reply.

    ReplyDelete
  2. Dear Rohit,

    As you have already prepared for CAT. Preparing for ICFAI as well. We will suggest you to appear for some more entrance tests in coming future like Following Entrance Examinations:-
    FMS 2011
    ISBAT
    JMET 2011
    NMAT 2011
    SNAP 2010
    XAT 2011
    All the above has enough time to go through the syllabus and crack the tests.
    For Delhi, we will strongly recommend FMS for MBA.
    You can also appear for DEC. MAT as well.
    About colleges - We don't promote any college directly or indirectly. Still, if you give a description about your budget and list of colleges of your choice we can further help you to select the best for you.

    ReplyDelete
  3. Hello,
    my budget is 4-6 lacks...
    i wanted to ask about skyline business school,delhi
    singhad,pune
    empi,delhi
    jims,delhi
    iilm delhi,
    bimtech,gr noida
    dbs,delhi

    u can recommend any other college in delhi or pune..please give a review..

    Rohit

    ReplyDelete
  4. Dear Mr. Rohit,
    As per your budget and choices, we can say that you should keep the following colleges as your priorities:-
    1- BIMTECH, Greater Noida
    2- IILM, Delhi
    3 - JIMS, Delhi.

    The above colleges has good placement records, and there actual, real time feedback is also good.
    As the above are veteran in MBA Education, so they have a wide coverage of market, which is important. Just having a placement officer with a wide coverage is not enough. The alumni of college matters.
    Singhad, Pune is good, but the major problem is crowd, If you think that you can make your identity in 2000+students, you can go for it.

    SKYLINE Business School, EMPI and DBS has not any remarkable mile stone in MBA Education in last few years.
    They have good marketing strategies, that's why it seems that they are exceptionally good.

    The above suggestion is based on the experiences shared by students who have visited these colleges or are studying over there.
    If you need any further help, please contact us at

    mbainformer@gmail.com
    or
    www.mbainformer.tk

    ReplyDelete
  5. Hello,
    Thanks for the suggestion. I want to ask that is iilm delhi good college. As far as i know it is an autonomous institute which is not recognised by AICTE. And i dont know any thing about jims. Which branch of jims is best? What is their fees? What is the average placement their? One thing more please if u know. If i want to take admission in feb,11 then which clg would be good. I have 96 %ile in feb,10 mat. Can it be used?
    Rohit

    ReplyDelete
  6. Dear Rohit,
    If you just talk about IILM Delhi, its autonomous, but have got better feedback in terms of placements.
    JIIMS, Rohini has got comparatively better feedback.
    The average palcement of both the colleges is varying between 4lakh - 4.5lakhs(as the colleges say), but you can consider it as 3.5lakh(The students and Data says.)
    You can use FEB 2010 MAT Score only before commencement of FAB2011 MAT.
    Why don't you go for December MAT 2011.
    Your educational background says that you can score well again.

    All the best for your career.

    ReplyDelete

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