With admissions to MBA colleges all set to begin, students should check out various parameters before zeroing in on the right college.
With the counselling for Integrated Common Entrance Test (ICET) all set to begin for admissions to MBA colleges, students are obviously confused on choosing the best institution. What are the parameters that should be the basis for students to pick up the institution that gives the degree more valued in the job market?
Here are a few tips:
Any graduate who has decided to take up the professional course MBA-Master of Business Administration, should posses one of the primary quality of Asking many questions, the various parameters on which the decisions to select a right institution are:
Approval: Any institution which is offering MBA should be approved by All India Council for Technical Institute.
There are some institutions which are offering MBA or equivalent course which is not approved by AICTE. It is one of the important criteria to undertake a course in AICTE approved institution for global recognition. Please logon to www.aicte.gov.in to know the list of colleges not approved by AICTE.
Affiliation: The institution would be either affiliated to university or autonomous. Each of the status has its own advantage and disadvantages. Universities traditionally have a strong base and autonomous colleges have the advantage of flexibility of updating the syllabus yearly which is done in tune with the industries need.
Selection should be done browsing the syllabus and it's checking its validity in par with the industries need.
School rating: Organisations like AIMA (All India Management Association), IMRB, Business India, Just Careers, B-School survey and many other organisation regularly conducts survey and rates all B-schools at national level, rating is one of the important criteria as companies use this rating for visiting for campus placement, fixing the salary, etc.
Rating is given to institution by taking into consideration factors like infrastructure facilities, faculty strength, campus placement, association activities, personality development programmes, guest lectures, FDP, Industry Institution Interface, Membership in professional bodies, MoU and many other factors. An institution which is rated above ‘A' at all India level is desirable to be selected.
Employability: The purpose of joining any organisation is to get placed in an MNC. To get placed variety of employability skills like communication, aptitude, attitude etc are required. Thus it is important to select an institution which provides facilities to the students to enhance their employability skills like communication skills, Group discussion training, personality development, Interview techniques etc. which will enable students to acquire various skills and qualities to enhance their placement.
Clubs and association: A good institution should provide opportunity for the students to apply their theoretical knowledge into practice. Various clubs are formed like Marketing, Finance, HR, Business Line, Entrepreneurs club etc. these club serve as a platform for students to develop their managerial qualities like effective planning,
Organising, authority and responsibility handling, decision making skill etc. Thus availability of these types of clubs and association enables the students to enhance their managerial skills.
Placement cell: Placement being the buzz word, every college has a placement cell, but more important is it should be active. A good institution should have a separate placement officer, should have organised on campus placement and job fairs, regular employment enhancement training programme.
Placement percentage: Student opting for Management programme should check the Placement percentage for last three years. If the institution provides information that it has placed its students as 80/90/cent percentage placement, it is important to know the type of companies and their level of salary offered. It is also important to collect information how the placement was done, whether it was n campus or off campus. How many got placed in on campus and the salary offered to them. Mere percentage should not be considered for selecting.
Visit: Never select an institution by going through the institution website, catalogue, and information received at the admission centre or education fair. It is advisable to visit the institution and check the various facilities claimed by the institution in various promotional materials like computer, library, good classrooms, placement record etc.