Master of Business Administration, popularly known as MBA is a highly prestigious two year professional degree program which prepares students for mid and senior level management positions in both private and public sector organizations. Currently, one of the most popular professional degree program in India enjoying an unprecedented popularity, an MBA program from a top class business school exposes you to different areas of business like marketing, accounting, finance, human resources, operations, IT, etc. MBA program of well-established business schools are driven by entrepreneurship, innovation and collaboration. Management graduates as such from these top of the line business schools are considered to be a prized asset who can develop efficient solutions to emerging global business challenges. An MBA degree as such from a top level management institute can open new vistas of career opportunities for you with a financially rewarding and mentally stimulating job in myriad number of sectors like finance, banking, insurance, construction, IT, etc.
An MBA degree from a well-established institute is usually considered to be a harbinger of good job with plenty of perks thrown in. The return on investment (ROI) is fast and the offers from top level corporations are likely to be plenty. However, before you start building castles in the air, it is very important to remind you that obtaining an MBA degree from a reputable business school is not the easiest of tasks. The competition is fierce and the seats are few. Top MBA colleges in Gwalior or for that matter top business institutes anywhere in India receive applications for admission which is way-way above their intake capacity. A top class management school for exam0le, with a total intake capacity of 60 seats on an average is likely to receive as much as 4000-5000 applications from MBA aspirants.
It shows how tough the competition is and how much hard work you have to put in to secure a right to study in an MBA program which is collaborative, relevant and cutting-edge, combining your aspiration and vision with a unique learning experience. Also, the tuition fee for this post graduate degree in management is on the higher side making this professional degree program a serious investment of time and money. It is therefore of utmost importance that you invest some time and other resources looking for a management institute which can do justice to your talent, aptitude and skill sets.
There is no dearth of fly by night operators in education sector who are just in the business to make some quick money. An MBA degree is highly popular in India with people generally equating with rewarding prospects of high paying job and good carer progression.
With so many top management institutes in Gwalior to choose from, the whole process can be quite overwhelming and you may not know where to start. We present few of the important deciding factors which could help you find that best business school which offers a perfect match between your career aspirations and your skill sets.
Ranking of the management institute
Major business magazines or journals often come up with their yearly rankings of the business schools. They take into factor various criterions and assign different weightage to important characteristics of a business school like its reputation, quality of its faculty, infrastructure, academic environment, placement opportunities, average salaries of its graduates, etc. Assigning different weightages to different factors can often confuse MBA aspirants. For example, a large variation in business school rankings, often leads to questions and concerns about the validity of these rankings.
This is precisely the reason we suggest that you should pay attention to the rankings of a business school but this should not be the sole criteria by which you accept or reject a business school. A good way of arriving at a logical conclusion about how valid the ranking of a business school is by considering the consistency with which a particular schools fall within a given range over the past five years. For example, if XYZ Institute of Management is consistently finding a mention in ‘Top Ten’ lists of various newspapers, magazines and journals for the past two to three years; it is a good indication about the quality of the business school.