Here’s what you should know when you begin shortlisting MBA colleges this admission season!
Right after you decide to pursue a management degree, isn’t it that most of you begin shortlisting MBA colleges basis their rankings, placement history, infrastructure, location, accreditation, fees, etc.? Rather, I should ask, ‘how many of you shortlist business schools keeping your own preferences, career goals, academic and entrance exam performances in mind?’ Not many, I believe!
While the single, most important reason for you to take up a management degree could be – landing a well-paying job or a good career move; there are multiple other factors that you must consider when you’re choosing an MBA college. Taking rankings, placements history, infrastructure, location or accreditation of MBA schools into account is just one way to judge which business school you should go to. At the same time, introspection is what you need in order to take the right decision.
What you’re going to read now is a list of factors that will not only answer why you’re going for an MBA degree but will also give you a clear picture of what should be your criteria of choosing a business school and what all you should expect the college to do for you.
1. To Explore a Brand New Career
Most of the people go for a management degree to build on the skills and experience they already hold. Therefore, I suggest that you either aim for one of the top business schools in the country to bag a job of your choice or find a company that willingly invests in you looking at your future potential rather than current abilities.
However, the flip side is that very few employers will offer you a completely different role just because you have an MBA added to your CV. If you do not have prior experience in a particular field, the chances of a change in career are less. Moreover, getting a management degree does not guarantee success. It is just an academic qualification that can only give you a little push towards achieving bigger things in life.
2. To Become Your Own Boss
By this, I do not mean that you become eligible to start a business right after you’ve finished your management degree. MBA colleges that offer Entrepreneurship in their list of specializations help you develop leadership qualities that you may already have. MBA schools specialising in this area provide students the right mix of theoretical, as well as practical knowledge through examples of successful entrepreneurs in the country.
Again, getting a management degree in Entrepreneurship does not guarantee success in your venture. It will only give you the right set of skills and understanding of this domain.
3. To Earn Big Bucks and Get a Job that You Don’t Hate
You'll hardly find people who’ve taken up a management degree only to get a better understanding of how the corporate world works - at least that’s what I think. For most of you, getting an MBA is a ticket to enter the top management of a company with a bang. Climbing the corporate ladder and the perks you get on your way up are just a part and parcel of being at a top position in an organisation. When you’re shortlisting MBA schools, you must ensure that you choose a school that helps you develop skills and capabilities, which not only work in the present business scenario but also gives you benefits in the long run.
4. To Build Contacts, Without Facebook
It’s worth investing in MBA schools that attract students from different cultures and nationalities. The best MBA schools focus on creating diverse classes where students interact, share their experiences and build an address book. In fact, I have met many MBA school graduates who say their MBA colleges have been quite instrumental in helping them develop great networking skills and contacts.
Therefore, it is best to consider a business school, which is open to students from different backgrounds. Meeting new people and listening to their experiences will open you horizons and change your perspective about things in many ways.
5. To Pursue a Specialisation of Your Choice
Apart from general management, many business schools offer courses based on specialisations such as Marketing, Finance, HR, Entrepreneurship, Health Care, etc. In fact, many of these institutes are even popular because of certain programmes they offer. You should therefore choose a college based on specialisation. The colleges offering these specialisations have faculty who have an area of expertise, and they also provide relevant placements to students year after year.
So, before you shortlist MBA colleges, think of the factors that matter to you the most! In the process, you will also realise that your options are not limited to a handful of top MBA schools; and that there are plenty of good choices available for you. Ultimately, the decision to choose a college that you think will help you achieve your personal and professional goals rests with you.