FAQs for doing MBA in Mumbai

Doing your MBA in Mumbai can be a great career move for you if you have recently graduated and are wondering what should be the next best step for your career. After finishing your graduation, you can either immediately apply for a job, try for an internship for acquire a master’s degree. If you have already chosen your field of advancement and are determined to grow at a steadfast speed in that industry, then getting a degree in that particular industry vertical will really help jump start your career. On the other hand, if you are keen on starting your own venture or planning to join an existing family business, then also a master’s degree from the right college may help you better in the business world.

Students wanting to study MBA in Mumbai often wonder about the future prospects and syllabus in general. Here are some brief guidelines to help you make an informed decision:

1.     Will the degree be recognized? Well, this totally depends on the institution you choose and its accreditation. The most important thing to keep in mind while choosing the MBA course is the recognition of the college or institution. Colleges offering the best of exposure and infrastructure may not have the right accreditation, which can be a problem if you are planning to go abroad for further studies.

2.     How to choose the right course? The definition of the right course greatly depends on the area to want to gain mastery in. For example, if you have 100 percent clarity that you want to pursue a master’s degree in mass media, then you know the right course is one which has top-of-the-line faculty, amazing infrastructure, intelligently crafted and updated syllabus and campus recruiting. So, knowing what you want from the course will definitely help you in choosing the right course.

3.     How can I make the most of my course? Remember, MBA is not just about being book-smart. The whole idea of doing a master’s degree in the field of your choice is also being prepared for the real world. So to get the most out of your course also means getting groomed for what comes after. A good course and the right faculty will make sure that you are a refined individual when you finish the master’s degree. Things like strong interpersonal skills and management qualities are indispensable in today fast moving, ever-evolving world.

Do not think of your master’s degree as a means to end tool. Enjoy the whole MBA college experience by getting involved in the extracurricular activities and participating in the various programmes. You will make some of your best friends, some even for life while pursuing your MBA in Mumbai. There is nothing more exciting than spending time and learning day in and day out with a group of people, who have the same goals and aspirations as you.

Part of doing a Master’s degree also means unlearning some of the things you have learnt before. This is more of a practical guide, something you have chosen to do instead of something that is forced upon you. So be more forthcoming and involved with the course and faculty. Do not be afraid of asking questions and voicing opinions.  

The Pros and Cons of Part Time Post Graduate Studies

Once students are done with their basic college education and graduate proudly out of their institutions, career and education questions still loom pretty large. People today are often torn between carrying on and studying further to do a Master's degree or then jumping headlong into the job market for the career of their choice. A part time post graduate course can offer you a fine medium path and the popularity of post graduate courses like part time MBAs and other part time Master's programs is testament to this fact.

When considering whether to continue the life of academia and take on further education, every individual has their own reasons. For some it may be to advance their career, for some to get their foot in the door or a certain prestigious company, for some it may be to get better chances abroad and for others it could be to further themselves in their professional life or to get an education in a related or ancillary field. Before you take on the additional load of doing a Master's program it is essential to first assess what your goals for doing so are and how the degree you are looking at will help you reach those goals in the most ideal way possible. Only then can you figure out whether a full time or part time course makes more sense for you and your ambitions.

If you are leaning towards a part time study program, let us take a look at a few pros and cons of going down this path -

Pros -

There is more flexibility – One of the biggest boons of doing a part time course like a part time MBA is that you can further your career goals alongside. You can start working and make the headway you need to establish yourself in your chosen field, while giving yourself the added education and degree which further enhances your knowledge as well as plumps up your resume. There is also less chances of relocation and less time and money spent on commuting and other such issues. Gaining both an education and work experience is tough to beat.

It is less expensive – Part time degree courses are usually less expensive than their full time counterparts. This is an incentive for those on a tight budget and also you can be earning a pay packet while you are studying. Some employers also encourage their employees to take on part time studies and often finance the same.

Cons -

Your schedule can get demanding – Concentrating on both a job and an education can be very taxing  and tiring for some students. Both will demand equal importance and it can be difficult to strike a proper balance to give justice to both aspects of your life.

It may feel lacking – For some students, the point of doing a Master's or a post graduate program is to get the experience in its entirety. On campus projects, the extended interaction with like minded peers and more college organised events etc. will be a few things you may miss out on.

Before committing to any study program, always consider what you want from the experience. An educated decision is a must.

AICTE Approved MBA Colleges

The All India Council for Technical Education (AICTE) is the statutory National-level body for technical education. Recognizing the strong link between quality education and the economic progress of the country, the council’s objectives are to promote the quality of technical education, plan and co-ordinate the various developments taking place in the technical educational system, and regulate and maintain the set norms and high standards. This is the reason behind students opting for AICTE approved MBA colleges in India. These colleges offer a wide range of courses like eMBA, eMBA in Finance (Banking & Insurance), Post Graduate Diploma in Management, Masters in Management Studies, MBA, Post Graduate Diploma in Foreign Trade, Advanced Diploma in Pharmaceutical Business Management, MMM, MIM, MFM, MHRDM, etc.

If you are researching online to find good colleges in India for MBA admissions, it may be wise to know if the colleges you short-list are either AICTE approved or rank among the top B schools in the country. This can open a lot of doors for your aspired future, if you are planning to undertake further studies abroad, look for jobs in India or other countries, or even if you want to consider giving exams like IAS, UPSC, IPS, etc., that can brighten your future prospects. That being said, it is a fact that the private sector industries focus more on reputed and top B schools, and an autonomous program from a highly ranked school would be appropriate too. However, keep in mind that a MBA from a college that has the AICTE accreditation, can help you go abroad for further studies or be valuable in case you wish to apply for any government positions or jobs.

To study at any of the reputed MBA colleges of the country, you will have to go through the formalities that will get you admitted into the college. Getting MBA admissions can be quite challenging, especially if you have the top colleges in mind. There are many MBA entrance exams such as CAT – Common Admission Test, MAT – Management Aptitude Test, JMET – Joint Management Entrance Test, ATMA – AIMS Test for Management Admission, MAH-CET – Maharashtra MBA Common Entrance Test, etc. that may be applicable to where you are located in the country or where you wish to study. Depending on the institute you will then have to go through a selection process that includes a written test, group discussion and personal interview.

There are presently over 1800 institutes that offer courses in Management in India and out of these the ones considered the best are usually AICTE approved MBA colleges. So if you are now en route to selecting the ideal college that might give you the resources needed to enter the corporate world with confidence, be sure to give due consideration to colleges that have government accreditation.