Education in the modern era is
an ever evolving entity. With more and more courses on offer, it is never too
late to update oneself and take up a course that will help one further one’s
career in the long run.
A Masters in BusinessAdministration (MBA) degree is a great way to gain a holistic understanding of
business and explore the possibilities the arena has to offer.
That being said however, one
must remember that an even an MBA today isn’t a generic, broad based course, it
is for all intents and purposes a course designed to go into far reaching
specifics of almost every conceivable ‘specializationary’ niche a business may
have. Therefore one must thoroughly research, evaluate and then and only then
decide the course, the institution and the specialisation they want to opt for.
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The following is a
comprehensive list of things one needs to do before deciding the course they
want to take up.
1.
Always choose an institute of repute: The
reputation of an MBA institution should be one’s prime consideration when
choosing an institution to pursue the course from. While this seems like common
sense advice, it needs to be followed to a tee. Always check the credentials,
the faculty’s reputation, the list of courses and co-curricular activities
offered and the perception of the institution in the market. A good institution
will always have an excellent placement cell, critical for a student hoping to
be placed off campus.
2.
Full time or Part Time? A new
trend is the emergence of part time MBA as a viable and sensible bet for those
who want to ‘earn while they learn’. Most of the premier institutions in thecountry offer a part time MBA these days. The question though is more about the
flexibility of the curriculum, as against the ‘full student experience’. Remember,
the primary target audience for Part time MBA is working professionals who seek
to upgrade their skill set and knowledge base.
3.
Getting the right focus:
Richard Branson admits that he knew he wanted to be an entrepreneur at a very
early age, as do many successful businesspeople in every sector of the economy.
Some people, it seems, know what they want to do almost from a young age and
cannot wait to start doing it. If you know your strengths, whether it be in
entrepreneurship, finance or general management, and more importantly, you want
to build on them, doing an MBA is an excellent means of achieving your goal.
4. Return on Investment: Let’s
face it, an MBA is a far expensive course and calculating one’s return on
investment is critical. How to enhance the return on investment of an MBA is
the million-dollar question among most MBA students. Fortunately, the return on
investment is indeed rapid for the vast majority of graduates, with the average
return being three to six years. An MBA graduate is more likely to see
advancement in both career prospects and remuneration almost twice as fast of a
non-MBA.
5. Faculty matters: Once you’ve
decided on an MBA programme you should look into the background of its faculty.
Good-quality education depends primarily on the calibre of the university’s
faculty members. Most top business schools boast a ‘team’ of world-renowned
professors with diverse interests and expertise. Their faculty is very much a
part of the real-life business world and will bring a range of important and
useful topics to the classroom – from accounting to strategic management.
Visiting the websites and accessing the faculty section of the website should
bring to light the profiles of both the visiting and permanent faculty.
Following these easy steps will
enable you have a better understanding of the kind of college, course and
career prospects you can have.
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