Once a student has decided to pursue a postgraduate course in management, choosing a B-school is an important step. It has been observed that students normally keep information about the placement scenario, the salary offered to the students and at times the infrastructure and faculty. Along with that, the following can be other important parameters based on which a student can choose the B-school to join.
Location: Location is one of the primary factors to be considered while choosing a B-school as the schools situated in cities like Mumbai, Bengaluru, Delhi NCR have a greater industry interface than that of those in the smaller cities.
Cost: With the rising cost of management education, the calculation of ROI (return on investment) is very important before selecting a B-school. With banks offering educational loans, getting loans have become easy, but repayment may not be, if you do not select the right B-school.
Batch Size: While a larger batch brings more diversity to the class, a smaller batch helps in better learning and faculty interaction. In a smaller batch, the chances of getting placed also increase. So, a student should understand which one suits him/her the best.
Career Path: If you are sure of your career path, then you should always focus on the B-schools which specialize in that domain. For example, if you want to build a career in Advertising, then the best choice for you will be MICA, Ahmedabad.
Course Curriculum and Pedagogy: In this dynamic world, where the definition of business is continuously evolving, it is important for an aspirant to find out the details of the course curriculum and the pedagogy of the desired institute. An MBA aspirant should also evaluate the courses offered by the B-school against his/her needs.
Industry Interaction/Brand: The variety of companies visiting a campus for placements, talk about the brand perception of the B-school in their mind. The brand value not only helps the students secure a higher salary, but also the students are offered jobs in diverse roles and domains. The students of top B-schools of the country get a much better variety of job roles than any other lower ranked colleges.
Accreditation and Affiliation: Affiliations make a B-school more acceptable to the industry. Indian B-schools having international accreditations like AMBA and AACSB have performed better than their peers.
Alumni Network: A strong alumni network is one of the key factors for the success of a B-school as those alumni have already created a brand of the college in the minds of the recruiters about the quality of education and students.
All these points can help your decision to select the perfect B-school for you. All the best!