A Master of Business Administration (MBA) is one of the most popular professional degrees not only in India but the world as whole. Often considered as a golden ticket to a highly respectable and financially rewarding career, an MBA from a well-established institute can open new vistas of career opportunities for you as set foot in the marketplace ready to make a meaningful difference with the knowledge and skill sets you have acquired during the course of your degree program.
However, there is this very strange phenomenon associated with an MBA degree. Either you can touch the sky with an MBA degree or your MBA degree may not be worth the paper it is printed on. In the end your MBA degree is as good as the brand value and reputation of your business school. Secure an MBA degree from best MBA Colleges in Gwalior or for that matter anywhere else in India and top level organizations will be falling all over themselves to hire you; get an MBA degree from a bottom rung management institute and no will be willing to touch you with a barge pole.
Now before you start wondering about this dichotomy, let me explain that there is a method in this madness. Top level business schools have the requisite expertise and the infrastructure to deliver management education that is of immediate practical relevance in the marketplace. They have a world class faculty and a well-designed curriculum which offers an in-depth understanding of the business world equipping their students with skills and acumen to excel in international settings in top management positions.
Reputable business schools are strategically positioned to meet the needs of both aspiring professionals and organizations operating in a highly dynamic business world. Leading business schools with best MBA programs in Gwalior or anywhere else tailor their course structure for students who wish to lead and succeed in today’s complex business environment where information and innovation are prime currencies. Good management institutes as such develop job ready graduates who are at ease solving complex business problems to help their organizations retain a competitive edge in a highly challenging and complex business environment. Unique curriculum designed by these institutes in close coordination with faculty and industry experts teaches you theory and gives you opportunities to practice new business thinking by tackling issues facing some of the leading firms operating in your country.
Poor quality business schools on the other hand have neither the expertise nor the infrastructure to provide a management education that delivers a competitive edge to their students. Low quality teaching, out-dated curriculum and poor facilities ensure that the students do not enjoy a purposeful and successful entry into the job market.
Gathering requisite and relevant information about different business schools should as such be your top priority if you are planning to do an MBA. As mentioned above, business schools can make all the difference and as such business school research should be the most important activity in your MBA application process.
Ranking of the institute
One good way to start your research is by minutely analysing the rankings of different business schools. There are various magazines, journals and newspapers which come out with their yearly list of top business schools in the country. You can go through these lists to compare business schools on various important parameters like recruiter reputation, faculty, infrastructure, curriculum, placement record, networking, etc of the business school.
Ranking is a good way to start your search but it under no circumstances should be your only criteria for accepting or rejecting a business school. It is because the methodologies used in each of the ranking might be completely different and thus vary considerably from list to list. For example, a magazine may give added weightage to the placement record of an institute whereas the list may be prepared with additional emphasis laid on recruiter’s reputation. It may also happen that some schools will share the latest data while some others will share data at least two to three years old.
The percentage response may differ as few of the past alumni may not get back with answers owing to time constraints and busy schedules. The gist of the matter is that while rankings of business school could give you a start; it should not be your first and last stop in your search for a quality business school.