How to select the right Business School?
In India we have approximately 500 Business Schools offering PGDM and about 8000 Colleges/ Universities offering MBA program. Generally you will discover that PGDM programs cost a hell, even to the tune of Rs 30 Lac, while MBA programs can be done as low as Rs 1.0 Lac or may be less. Now selecting a Business School becomes very difficult for a common student.Here are Best Seven Things you can look before selecting a Business School
PGDM are among the most popular studies offered by colleges and universities pan India, and with growth projected in the job market of almost every business sector, many would convenience that doing business course would be an investment in your future.
1. Inspiring faculty:
A top business school will attract the most qualified and experienced professors and researchers from around the country. This pool of talentedprofessors will have the knowledge and experience to effectively teach business students. Apart from teaching from a theoretical viewpoint, an inspirational faculty will give importance on the application of theory to real issues in the business world. The experience and influences in the industry possessed by faculty members will help them in advising students and even connecting them to internships or other career openings.
2. Quality students:
MBA programs have heavy loads when it comes to group projects, assignments and case studies and you need to spend a significant amount of time interacting with your peers. Apart from learning how to work in team and developing team leadership skills, your experience in business school should also allow you to learn from your peers, as generally they will be your co-workers, partners or even competitors in the future. The major part of your studies and career depends on networking with your classmates and alumni. “What kind of students does this school get?” try to get this answer. From there, you will be able to think about the profile of the student and alumni community you will be interacting with and whether or not you want to be a part of it.
3. Choice of Specializations:
Business Management has many areas of specialisation, and those doing it can choose to pursue business courses with concentration on specific areas or more general degrees that hold majority of them at the major level.
It is significant for you to select a school that has the subjects and majors that will discourse your goal in going through a business course. For example, if you are looking to start a business of your own, you can look for a school that offers a deepfooting of business courses and at the same time permits you to concentrate in entrepreneurship.
4. Freedom:
The best business schools simulates the business environment by supporting healthy competition, scientific approach, design and critical thinking, innovation and creativity. This may not happen in all business schools, as some have restrictions in place due to government restrictions and regulations. These limits obstruct the school’s freedom to adapt to the fast-changing business environment and the community, disturbing what and how the students learn and what they experience.
5. Leadership:
Another important thing to look for in a business school is its leadership or administration. Few top officers of the top business schools in the world are well qualified in both business and academia. This helps them to run and set a vision for their school as part of the business environment.A good business school’s leaders (such as the dean and Directors) will have a shared vision that backs and balances the interests of students, faculty and alumni.
6. Student support:
The best business school will give you support from when you first consider applying for a program right through to after you degree. It may be backing in the form of something as simple as getting the right information to something a bit more compound such as looking for a job. It’s not about being spoon-fed but having the right properties to help you along the way of becoming a leader. Some strongpointers of student support are a strong alumni network and a well-connected placement office.
7. Reputation
Apointer of a Business school’s reputation is its overall ranking among top business schools. Most ranking lists take into deliberation quality of programs, faculty, research, student services and career support. However, Well-known business schools such asIIMs XLRI, FORE, SP JAIN, TAXILA BUSINESS SCHOOL, NARSI, first to come to mind when thinking about good reputation. Keep these seven things into thought while choosing the best business school for you among the thousands. Remember, that the school should be able to fulfil your academic and professional needs and that in the end, it’ll only be you who can say which one is the right fit for you.
