MBA abbreviation for Master of Business Administration, is a course designed to provide you with business ethics and negotiations, an understanding of the corporate culture, the ladder, and the environment along with how sales and marketing principles apply in everyday businesses.
This is not purely a theoretical course, instead, it involves the use of a lot of case studies, live projects, internships, and job placements too.
1. What is a Good Business School for your MBA?
Before we consider which business schools we are going to choose from, we need an understanding of what a good business school is; what makes business schools top-notch, and what makes them the last option.
There are several factors like the faculty that is teaching, how is the curriculum; do they have live projects, experiential learning, case studies, and on-field training, what is the admission criterion you need to ace any particular exam to get in?
How difficult is the interview process; to sum up, we can say that the preconceived notion that a business school is better if it is older and more prestigious is wrong, as there have been cases otherwise as well.
Enlisting the factors which will help you decide where you should pursue your MBA from.
1.1. Alumni Connect
If there is a strong, high-net-worth individual in the alumni of your business school, you have a better opportunity for getting placed in large companies with the help of their referrals.
As they could be at different influential positions and can vouch for the same values for you as the institute is common, and so is your MBA program.
1.2. Faculty with Good Practitioners, Lecturers, and Academicians
Having a good mix of the teaching staff in your business school with professors with different and experimental techniques of teaching helps to kill the monotony and also increases engagement during lectures.
Having experienced MBA faculty facilitates the process and provides you with great knowledge and tools, which they have learned over years of teaching.
1.3. Curriculum with Varied Practices and Activities
Having all bookish knowledge is not the way of life or business nowadays, the dependence is necessary to explain principles but what helps you master them is the practical application of the same.
During your MBA have a set of activities to teach certain rules of business, including live cases and projects with actual negotiations, and having real marketplaces set up.
It is to explain how businesses build and thrive is what comes in handy in the long run, which should be kept in mind while choosing a business school.
1.4. A Good Connection with Renowned Trainers and Mentors
MBA surely provides you with job opportunities along with internships during and after the course, but there are a lot of hurdles in between.
Having the correct set of people to provide you with the necessary support and guidance is what helps you get ahead. Another aspect is the entrepreneurial set of students who need the correct starting and mentoring at different steps of starting a business.
1.5. A Set of Expert Classmates Getting in via Specific Exams and Admission Criteria
Haven’t you heard ‘company matter’? Well, it does in such competitive backgrounds and healthy competition pushes you to perform to your full potential and helps you achieve great levels of perfection.
In your MBA college, having colleagues who are all talented in different ways helps in mutual learning and understanding and also provides you with a constant push to keep doing better every day.
1.6. A Good Variety of Electives With Different Combinations
A course that is equal and similar for everyone might not be helpful as it might not equally pique the interests of everyone.
Also, in a race of animals, you can’t compare a fish and a bird similarly you can’t judge different students on the same criteria so having the choice of different electives in different combinations helps you to make the right choice which suits your abilities and interests while you are pursuing your MBA.
1.7. Placement and Pay
A prestigious institute that is well linked with the top MNCs and has collaborations with major corporate groups will help you land in better companies at better positions.
It will also provide you with a plethora of opportunities to choose from and make the most of it while doing your MBA.
1.8. Geographical Location of the Business School
The location of your MBA school will determine a lot of life choices, like your place of stay, place of work, and connectivity with family.
Although the primary thing to consider is that if you plan to work in a location then try to get a business school in the same vicinity such as if you’re planning to work in New York, try not to do your MBA from Europe.
1.9. Tuition Fees/ Total Fees
What will be your return on the investment is always a question whether it comes to life or your choice of business school for an MBA.
Having chosen a very expensive business school will hamper your pay in the early stages as the payback time will be difficult.
The key is to find a business school where there is a good balance between the fees and the expected salary package, which will help you set your foot into the future with better preparation.
2. Final Thoughts
Considering all the factors stated above we understand that it is really important where you get an MBA from because it not only decides your present choices but also shapes your future.
Depending upon various factors it helps you stand out from the crowd, get a steady income source, and provide you with the requisite education.
It is a Master’s level course made to provide you with specialization in the forte of business so you can then in life ahead perform the requisite activities, apply the learned principles and excel in your business!