Looking for a bright and successful future in business management? Going for an MBA degree is probably the best decision. But just thinking about taking up an MBA is not enough. You need to do some homework before going for it.
And the most basic thing that you should be researching is – Which MBA college you would like to enroll in? or How to select the right MBA college. This part is pretty obvious, no MBA aspirant would want to go to an average business school. Get the list of Top MBA Colleges in India
And the most difficult part is every institution claims to be the best. So now the question is – How to select an MBA/PGDM college? This is the most crucial stage, which can make or break your career.
In order to choose the best MBA college, you need to do some thorough research and keep a few factors in mind before finalizing it.
How To Select The Best MBA College?
If we talk about the numbers, there are more than 3000 good MBA or PGDM colleges across India. This is a huge number and deciding the best amongst 3000 can be a tough task. But nothing to worry.
If you are also confused about how to select the right MBA college, you are in the right place. Keep reading and you will get a few quick tips and choose what is best for you. Some of the basic things to keep in mind while researching about any college are:
- Eligibility criteria
- Cut off marks
- Fee structure
- Placement offered
- Accreditation and ranking
- Infrastructure and location
Well, these are just the basics, there are also a few details that you need to check upon before finalizing the MBA college.
Factors To Keep In Mind While Selecting Best MBA College
The education industry has become more commercialized than ever. And in order to beat the competitors, different business schools and institutions are offering alluring specialization courses to the aspirants.
Every organization claims to be the best in terms of infrastructure, facilities, faculty, extracurricular activities, etc. This makes it all the more difficult to just choose the Top MBA college.
Consider the following factors before finalizing the right MBA college for you.
- Check The Courses Offered And Your Eligibility:
The most important factor for selecting the best MBA college is to check on the courses offered. Make a list of the courses or specializations that suit your requirements. This will help you narrow down the list and get a clear picture of what the colleges have to offer.
Once you are done with what you want from the institution, next is, what the college wants from you. Next is the eligibility criteria. Every college has different selection procedures and requirements. You need to check if you fit into their process.
Few colleges give admissions on the basis of merits and some go for the entrance exam procedure. Make a list of the college that you fit into and shortlist which suits the best for you.
Check The Ranking And Affiliation Programs Of The College:
The ranking of a college is an important factor to keep in mind while selecting the right MBA college. While shortlisting the organization for your MBA, you can check the ranking on NIRF (National Institutional Ranking Framework).
NIRF is an institution established by the HRDM (Human Resource Development Ministry). Another thing that you should be looking for while choosing an MBA college is the accreditation programs offered by the board.
Always go for the colleges that are certified by either AICTE or AIU. Taxila Business School is the best business school, which is AICTE certified and offers dual specialization in PGDM and Business Analytics.
You should also check whether the organization is affiliated with any good universities or not. Affiliation to prestigious universities is a plus point and adds to the factor of finalizing the college.
Course Fee Charged For MBA or Specializations:
Of course, the MBA college that you select should also fit into your budget. And before that, you need to decide whether you want to go for the MBA degree or the PGDM.
Compare the fee structure, offers, specializations, advantages, and disadvantages of different MBA colleges and make a list of the ones best for you. Though the fee is a major deciding factor, this should not be the only factor.
If you like the college but are not considering it just because of the monetary front, you can always check the educational loan that most colleges offer.
Check For The Placement Records:
Even the best colleges are not any good if they are not able to provide good placements after the course. There is no point in investing all the money and time if, in the end, you do not get a good job, right?
Therefore, before finalizing the MBA college, make sure you have cross-checked their placement records.
You should look for the placement percentage of the college, average salary, recruitment sectors, companies attending the campus recruitments, etc.
Teacher-Student Ratio And Infrastructure:
The infrastructure of any institution plays an important role in deciding, whether you should finalize the college or not. Before shortlisting the college, visit the campus, and check if the environment is good, and classrooms are well equipped. Does the college have a library, hostel facility, cafeteria, laboratories, etc?
Apart from the infrastructure, another important factor to keep in mind is the student-teacher ratio. If the college is not offering enough faculties in comparison to the ratio of students, coping with the course can be a little challenging.
It is every candidate’s wish to enroll in the best MBA college and take their future in the right direction. The competition in the education industry is increasing at a fast pace and in order to be ahead, the colleges are offering the best they can. Selecting the right MBA college can be easy if you keep the above factors in mind.