MBA is the most in-demand master’s degree in India. Getting an admission depends on your CAT, XAT, SNAP or CMAT score. In addition to it, aspirants can also choose from TISSNET, MAT, GMAT, MAH-CET, KMAT etc. Right now, there are 20 IIM colleges in India where IIM Ahmedabad stands first followed by IIM Bangalore and IIM Calcutta. Before you start a process, research well for your specialization and the colleges offering the course. Following points will help you to select perfect college for yourself.
1. AICTE or UGC accreditation:
Accreditation ensures that the MBA college offers a quality education that meets the industry standards. Accreditation makes it easier for students to transfer credits between different colleges. This can be particularly useful if a student needs to change colleges for any reason. Also employers give priority to the candidates, graduated from accredited colleges.
2. Course and curriculum:
Some colleges offer additional programs to your specializations. They include opportunities to network with industry professionals, alumni, and other students. Also, some colleges focus more on practical training for students to help them face real world industry problems. It is essential to go through curriculum as it will impact your future career prospects.
3. Fee structure:
MBA fees in India for the full time programme scales from INR 25,000 to 40 lakh. Fees at 20 IIMs range from INR 11 lakh to 23 Lakh. Financial aid by the state or central government is the reason behind low fees in some institutions. Different MBA programs have different fee structures, and students need to ensure that the program they choose is affordable for them. Do not forget to calculate the return on investment of your time and money.
4. Scholarships:
Some leading financial schools and universities offer financial help to the deserving aspirants. It is often based on merit. Some scholarships may be tied to specific industries or companies. This also helps students with networking and recognition.
- Aditya Birla Group Scholarship
- BML Munjal Scholarship
- Yes Bank Scholarship
- Post Graduate Scholarship for Professional Courses for SC/ST
- PNB Housing Finance Protsahan Scholarship
- ONGC scholarship
- T. Thomas scholarship by IIM Ahmedabad
- Bharti Scholarships
- Industry sponsored scholarships etc.
5. Faculty and Industry connections:
Get to know more about faculty with practical industry experience, connections and research. Reputed colleges can provide you right faculty. You can research the faculty members’ profiles on LinkedIn and on the college website.
6. Placements:
Remember, the reason behind spending lakhs of rupees is to land a good job. A good placement record reflects the quality of education, training, and resources provided by the MBA program. Also there is no boost to your confidence than having a job before leaving the college campus.
At howmarketingof.com , we believe that any person with high ambition has the capability of creating future for himself and for the world around him. You are that person. We hope, this article helps in your journey of pursuing MBA.