An MBA is currently one of the most sought after professional degrees in India with graduates from top business schools commanding a premium pay package in the job marketplace. However, before we proceed any further we find it imperative on our part to remind you that an MBA degree from best MBA colleges in Gurgaon or for that matter top quality colleges anywhere in India or world does not come on a pristine platter.
The competition to get into a top management institute is immensely tough and the tuition fees for the two MBA program is definitely on the higher side. The program fee alone at the most well-known and reputable Indian Institutes of Management (IIMs) is in excess of 12 lakhs making an MBA program a serious investment of time and money. Many people decide to pursue MBA to enhance their career prospects after taking a break from their work.
Therefore if you decide on a full-time programme in a business school in India you will typically be out of the workplace for at least two year. It means you have to forego an average salary of 8 to 9 lakhs while attending a business school. This opportunity cost along with the tuition fees demands that you display utmost caution and discretion before making a final commitment. Making the correct choice of school and program is thus on par with some of the biggest investment decisions that you have already made in your life or likely to make.
Demand for this two year professional degree in business management has reached an unprecedented level in India with close to two lakhs sitting for different important management entrance tests like CAT, MAT and XAT among others. The sheer popularity of this professional course has led to overcrowding with hundreds of local business schools now flooding the market. This creates a lot of uncertainty for MBA aspirants who are often left looking in a dozen different directions often confused by the tall claims made by these second string institutes. These second rated business schools have a fee structure at par with some of the top business schools in India though the quality of management education they offer is in sharp contrast to that offered by well-established business schools.
Top ranked business schools on the other hand can help boost an MBA student’s career opportunities and open for him/hernew areas of expertise and mobility. An MBA degree, in fact, is only worth pursuing from these top ranked business schools as it brings with it a sufficient level of professional advancement and personal development. MBA from an institute offering best MBA programs in Gurgaon or for that matter top level MBA programs anywhere in India could be your gateway to the top table. Reputable business school’s commitment to provide outstanding education and training across the various phases of your MBA program results in development of competent and confident graduates capable of tackling complex business problems with ease.
Do Your Research Well
Comprehensive research about the quality of business schools, their infrastructure faculty and placement opportunities among other should be your topmost priority if you wish to pursue an MBA program from a quality business school. The advent of Internet and WWW have made things relatively easy for MBA aspirants as they can easily gather information about a business school by visiting the Internet as well as the concerned institute’s website.
Students if possible can also visit the campus personally to get a better hang of the management institute’s infrastructure and the quality of education imparted. The real value of the qualification often only manifests itself over time, so look for a school that is going to help you develop the skills and capabilities you will need in the long run, not just the day after the graduation ceremony.
As mentioned above, MBA is a serious investment of time and money but you are unlikely to come across a management graduate from a reputable business school who has lost money on his investment. Top level business schools offer exceptionally high ROI making it possible for their graduates to recover the cost of education within two to three years of joining the workforce.