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How to Choose Management Institutes ?
MBA Students » Career Resources


Chrm Message From: proftandon Total Posts: 101 Join Date: 04/09/2006
Rank: Leader Post Date: 18/04/2007 09:04:02 Points: 505 Location: United States

Dear Friends,

With more and more candidates applying for the MBA programmes these days, I assume there is still unawareness as far as selection of a 'University' for pursuing the Master's degree goes.

Candidates are often confused about the evaluation and comparison between institutes which have grown in a huge number these days alongwith major affiliations with foreign universities.

Inorder to reflect the picture and to assist my fellow beginners in HR in selection of the 'right institute for the right MBA', I thought of sharing this write-up excerpt which can be of utmost significance for all the members who plan to pursue their MBA in the near future...
Students desirous of doing their MBA are faced with a dilemma about which institutes they should apply to. There are so many institutes (more than 500, according to latest estimates) that one is really at a loss to know which ones are good and which ones are not. Each claims to be better than all the others. In the absence of transparency and information, the student really has no idea about the quality of the education that one may receive and subsequently, jobs. This feature answers the common questions that students have about institutes and what should be the best strategy to select and apply to them.

Around this time of the year, newspapers are full of advertisments of management institutes inviting students to apply to them and seek admission. Each claims to be better than the other. Names of foreign affiliations are thrown about as well as all those wonderful jobs that graduates of the institute were able to get. If one is "foremost in management education", another is a "centre for excellence" and still another is a "pioneer of management education in the country". Exotic teaching methods, such as yoga and meditation, have been introduced to give the courses a local touch. There is, however, no way of knowing whether the claims are true or not.

Unlike the West, there is no rating of institutes or a criteria against which a student may assess himself before applying. Nor is information easy to get from these institutes. Though the concept of the MBA degree is borrowed from Western universities, our institutes do not share information.

For a student, this poses a daunting task. Applying to all the institutes is not feasible because each requires you to buy a prospectus at a hefty price. The only way out is to depend on market reputation and hearsay and make an assessment whether an application should be made or not. A broad indicator is whether the institute has government approval or not, but since a number of questionable institutes boast of approval by the All India Council of Technical Education (AICTE), the tag has become quite meaningless.

The scene has been made more confusing by unscrupulous activities by some institutes. Many demand donations from students and it is easy to get in if you can pay for your seat. Others have a system of "non-resident quota" in which one must pay double the fees and secure a seat. An institute in Ghaziabad is notorious for leaking its entrance test year after year, putting many students at a disadvantage.

In the absence of a rating system, a rough way to assess the institutes is to classify them in a broad category. One method could be as follows: a) the top 10 institutes which have a very good reputation, b) universities offering MBA programmes, c) institutes set up by industry or having industrial backing, d) institutes without any industrial backing and set up by academics or unknown people, and e) foreign degrees offered through correspondence.

One should, of course, try for the best institutes and prepare well for admission. If one is not able to match the high scores required, it would be better to look for institutes lower down in the list. On no account should one pay capitation fee, because one would be stuck with a worthless degree even after paying heavily for it.

Now, I hope that has been the need of the hour !!!

Regards

Prof Tandon

Chrm Message From: Veenass Total Posts: 1 Join Date: 04/09/2006  
Rank: Beginner Post Date: 13/03/2009 02:26:57 Points: 5 Location: United States
I totally agree with the above guidance.
Apart from these one more important is to look towards the placement.
- the Cut off rate
-the Faculty
-the Placement
and talk with some previous alumnis of the institute or localalites will help to some extent.
 
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