MBA Info

Who should purse an MBA?

            The MBA advantage is open to both fresher graduate as well as working professionals in both public and private sectors. Internationally, it is a well-accepted fact in B-schools that student should have some work experience before they purse an MBA. However in the Indian context, even fresh graduates apply and get selected to the best B-Schools. Further, graduates from almost every conceivable discipline like arts, science, commerce, media, management, engineering, medicine can pursue an MBA degree. In fact, some of the top B-schools have modified their post-test selection criteria in recent years to ensure that the short-listed students come from diverse academic backgrounds. Before you commit to embarking on an MBA, you should take time to reflect on your work experience, your abilities and your aspirations.

What is MBA?

            The most sought after option of the 21st century, Masters of business administration (MBA) is a postgraduate program that, regardless of the specialization will provide you with conceptual, theoretical and practical training in various aspects of business, like:

  • Marketing.
  • Corporate finance.
  • Human resource.
  • Operations
  • Consultancy, etc.

Why MBA?

            The important question is why MBA? Should be the first step towards your MBA exam preparation.  This at the same time is also the most overlooked question in this process. Usually there is hardly any clarity in an aspirants mind about he/she is expecting from his/her MBA degree.

            A degree in management leads to a responsible position in business, where one has the ability to bring a positive change. The current business environment is dynamic and complex. Lack of information and expertise make it still more challenging. In such an environment, an MBA degree is a valuable asset as it brings a global perspective, sensitivity to cultural diversity and an ability to decipher and solve complex problems.

An MBA needs to develop the following qualities:-

  • Better job opportunities.
  • Faster career growth.
  • Larger perspective of the business world.
  • Challenges out of your comfort zone.
  • Great corporate network.
  • Emphasis on professionalism.
  • Stress on deliverables and deadlines.
  • Better understanding of a company integrated functions.
  • International mobility and sensitivity to cultural diversity.
  • Better pay packages.
  • Peer-to-peer learning.

Choosing the right B-School

            There are over a few thousand B-schools in India, and about half a dozen rankings. In such a scenario, finding the right B-school becomes quite a task. What matters is not only obtaining an MBA, but also doing a program that is respected and recognized. Once you identify your dream B-school go all out to ensure your selection.

What makes a good B-school?

            To get you started and to make sure that you are on the right track, here is a list of a few aspects that you need to look at while selecting a B-school. If this set of parameter does not throw up the best choice, it will at least help you shortlist those B-School that you need to apply to.

  • Where do you want to study?

            First and for most you need to decide that where you want to do an MBA from. There can also be a choice from doing MBA from India and from abroad. You need to realize that the admission process, eligibility criteria and screening process for these may differ.

  • What does the B-school offer?

            You need to take a look at the school its learning environment, the programs offered, curriculum, full time faculty campus services and the student body. A good infrastructure ensures sound technical and logistical support to students.

  • What is the quality of faculty?

            It is a top B-schools ability to attract and retain top class faculty that separates it from others. Good guidance and mentoring contribute greatly to a student’s subject knowledge as well as its application.

  • What is the institution placement record?

            Find out the program acceptability from the point of view from the list of recruiters you have in mind and compare it to the B-school placement statistics of the last three years especially the number they have picked from the top-notch companies. In the regard, also find out how active the placement cell and/or the alumni network is.

  • How is the B-school ranked?

            In the last few years various surveys have been conducted to evaluate and compare B-school. The results of these surveys can help you select some of the top B-schools. However, remember to take all these surveys with a pinch of salt, and do not bother about the extra ranking of a B-school in any particular survey.

  • Does the B-school have proper affiliations and provide worthy exchange programs?

            Some Indian B-schools have collaboration’s with acclaimed B-schools overseas. For example ISB-Hyderabad offers an international student exchange program which gives students an opportunity to study at leading B-school such as London business school (UK) and Kellogg school of management (USA) for one to two terms.

  • How are the alumni placed?

            If the alumni of the students are in well-respected positions in various industries it automatically ensure a good standing for the school in the corporate world which in turn implies better placement opportunities.

  • What career path do you envision?

            Today an MBA is no longer limited to marketing, finance and other traditional specializations. Applicants now have various options to choose from. For example specializations like rural management (IRMA), Foreign trade (IIFT), communication management (MICA), and supply chain management (NITIE) and various other courses.

Do your own research

You can acquire information about B-schools by doing some basic research. The following may help you in your research:

  • INTERNET: websites of B-Schools provides you with detailed information about it.
  • COUNSELLORS: They are trained to offer career guidance related to your MBA degree.
  • ALUMNI: get it straight from the horse mouth! Speaking to the alumni gives you the student’s perspective about the B-schools.