A Master’s in Business Administration degree is one of the most coveted titles among graduates today. An MBA in various fields like finance, marketing, public relations, human resources, mass media nd more open far more doors for fresh young graduates that just a simple Bachelor’s degree. You may want to enhance your new career path or improve prospects in an already solid one, but an MBA sure does help you get your fit in the door.
The popularity of a doing completed an MBA degree in one of the many business colleges that abound is strong as ever. It is no wonder then that there are scores of big and small educational institutes that offer full time, part time and correspondence MBA degrees. But do not jump on to the bandwagon just because all your friends are applying to a particular business school or because you hear one in your locality is good. Your education is usually only as good as the MBA college or course you decide to opt for as well as the knowledge and expertise you take away from it.
Let us take a look at a few steps that may guide you when choosing the best MBA college for your needs once you graduate -
- First and foremost decide why you want to do an MBA or is it just a post graduate degree that you want. Yes, it is a helpful degree in many professions but not something you can take up just to follow the herd. Figure out how and why it is going to be of help for the career you want in the industry of your choosing. Read up and research more about the degree and talk to people who have already completed one about how it may have helped them on their professional journey.
- You will have to think about what kind of course suits you. Are you looking at a part-time course because you want to start work immediately? Are you ready to commit to a full 2 or 3 year programme? Do you rather pursue something else while you do a correspondence MBA? Assess whether you want just the degree, or do you want an on campus experience with hands on practical training etc.
- Start going to MBA fairs and career exhibitions to find out what is really going on out there. Many institutes show up at these fairs and give you far more information and open your eyes to prospects to didn’t think were available or possible.
- You can now start making lists of colleges that offer the kind of course you are looking for and in the field that you want. Research and begin ranking them based on how good the courses are in the said field, whether it meets your criteria about placement opportunity, facilities, faculty and the like. Also start listing them as per your preference in location, overall ranking of the B school and whether the course fees meet your capabilities. Try and visit as many of the schools on your list in person.
- When applying to a business school, you will find that most of them have an admission process that involves a centralised exam test, particular school exam test, personal interviews, group discussions and the like. Do your research about what you would need to do to study and prepare for as well as excel in the admission processes. You have to take the application process seriously so that there is no mix up or issue later.
Due diligence and a little homework will help you find the perfect place to turn your dreams into reality!
Ashish Patel is a recent MBA graduate in finance who thought about a correspondence MBA before opting for a full time degree. He has recently begun a new job in an MNC and likes guiding new students through the process.