Nowadays, almost everyone wants to do an MBA. Every year thousands of students go through the grill of preparing for the competitive screening test in order to get admitted into a management school. With more than 1,200 institutes offering MBA programs, the choices are many. The basic parameters for judging the quality of a B school are as follows:
- Faculty members
- Career services and placement records
- Ranking and reputation of the institute on a local and global level
However, it’s advisable not to limit oneself to these parameters. The important question that you should ask yourself is what the institute can give back to you! Read on to find out more:
A good environment that promotes academic and overall personality development of a student is essential. This helps students to build their networking skills, as well as acquire quality learning.
Student teacher ratio
The student teacher ratio gives a fair indication of the amount of time each faculty member can spend with a student. If the class size is small, it is possible for students to get personalised attention.
Size of the permanent teaching faculty
Good B schools always have a permanent and experienced faculty. Professional details about the faculty members, such as their educational background, teaching experience, number of case studies conducted, and research papers, articles, books written and published are a good indicator of the quality of the teaching staff.
One of the main reasons why students want to enter into a top B school is that they attract top recruiters from various sectors. The ratio of the companies participating in the placement services and the number of appointments made to the students is very important.
An innovative teaching module is necessary to keep pace with the growing market demands. A good management schools conducts analysis on live industrial projects, case studies, as well as interactive class sessions.
Successful student placement is dependent to a large extent on the alumni. In most cases, alumi themselves head the recruiting teams. In such situations, the goodwill of the institute holds a lot of value.
An updated curriculum that takes into account the changing needs of the business and industrial world is the hallmark of a good B school. All recruiters will expect their trainees to be competent with the latest technologies, processes and innovations that have happened in the corporate world.
Foreign schools Vs Indian schools
Getting an MBA from abroad does not necessarily mean that you will get a good salary. A good placement is dependent on the placement service, quality of training, and the area of specialisation.
Return on investment
MBA is not a cheap program. Most students take a loan to pursue the course. Therefore, students should make sure that they get a good return on their investment. That is, their MBA should have value in the corporate world.
Private B schools
Don’t restrict yourself to university affiliated management institutes. Most private management schools also have a good reputation backed by a successful placement record.
Merit based institutes
Always go in for a management school that admits students on the basis of their performance in an entrance exam. Schools which entertain the “donation” theory should be avoided.
Quality of the student body
A good management school will hire their students after proper evaluation of their skills and potential. A mix of student from different educational, social, cultural, regional milieu is indicative of the institute’s standards.