Some of the factors that you need to consider while selecting the institute are:
It is important to ensure that the reputation of the institute is good. This could be found by talking to the alumni of the college or even getting information from people who have completed their MBA from other institutes. How the school is regarded by the employers in the country is another significant criterion for selecting your B-school. More often than not, institutes get mentioned in surveys that are conducted by many business magazines in the country. A word of advice about the not-so-well-known, but recognized institutions: Graduates of the once lesser known institutes are now being readily accepted by the industry. The reputation of your institute matters only in your first job that the institute’s placement cell helps to secure. In subsequent jobs, your performance plays the key role.
Profile of Peer Group:-
One of the factors that contribute to your learning experience at any B-school is the peer group in the batch. Ensure that there is a fair mix of experience and educational backgrounds that will enable you to capitalize on and learn from the experiences of the other members of the batch. Average age, educational background, work experience, etc could be some of the factors you could consider to make a right choice.
The specialization that you wish to pursue and are most interested in should be a part of the “majors” in the institute. Going to an institute that does not offer what you want could be detrimental to your future career prospects.
Recognition – Degree or Diploma – PGP / PGDM / PGDBM / MBA:-
The next point to consider is whether the institute is recognized by Industry.
The location of an Institute is not important for the premier institutes. Employers seek out the best institute irrespective of its location. However, for the others, it would be better if the location is near a commercial hub, so that even if employers do not visit the campus, the student has an opportunity to come in close contact with potential employers. Further, although these institutes may have very few permanent faculty, the school authorities can get industry specialists for teaching their students.
Campus and Other Facilities – Residential vs. Day Scholar:-
Large campuses and in-house facilities give the institute an atmosphere conducive to better education. Hence it is important to see that they have the required facilities. We have always maintained that institutes of higher learning should be residential programs. After all, the education from any of these institutes depends not only on the curriculum but also on the peer group and your interaction witnin this group. Further just perusing through the top institutes in the country like the IIMs, XLRI, NITIE and IITs one will notice that they are all compulsory residential programs.No doubt, institutes like FMS are counted amongst the best in spite of lacking infrastructure facilities like a large campus or exclusive in-house residential facilities but then such institutes are very few in number. Given a choice, it is highly recommended that the student should opt for an institute with a residential rather than a day scholar program.
B-schools to aim for:-There is no doubt that the best institutes attract the best companies and therefore the best jobs. In India, these institutes are indeed not many.
To help you select an institute, IMS has categorized the national level B-Schools into four grades, based on the placements, infrastructure and feedback from successful IMS students over the years. We have listed the institutes alphabetically in each grade suggesting that there is very little to distinguish between institutes in the same grade.
The IMS grades are Creme de la Creme, A+, A and B+. Students from Institutes in the Creme de la Creme get the best career opportunities, both in India and abroad. The A grade institutes have the best Indian Placements after the A+ grade, while the B+ grade colleges follow them in the quality and quantity of opportunities.
The institutes in each category are listed in alphabetical order, along with their address, URL, application deadlines, entrance test schedule and test accepted.
For Top Management Institute in India :-
Specialised ProgramsApart from the regular curriculum and specializations like Finance, Marketing, Systems etc., there are certain institutes dedicated in the pursuit of singular specializations. As a student if you are certain about your future career course, then applying to these institutes in addition to the regular institutes is a must for you. Some of these specializations and institutes have been classified here.
Agriculture & Rural Management
IIM Ahmedabad (PGP ABM):- Agri Business Management is a program specially designed to prepare students for careers in management related to agricultural, food, rural and allied sectors of the economy. The two year intensive program covers different functional areas of management with a special focus on applications in the aforementioned sectors of the economy. In the past PGP-ABM graduates have been placed in organizations engaged in agri-business, food, agriculture and allied activities, rural economy and agricultural development. The admission is through the CAT, but the selection is based on the student’s educational background and career priorities.
IRMA (PGDRM):- The two-year Post-Graduate Program in Rural Management prepares one to undertake challenging responsibilities in the rural, cooperative and developmental sectors. The program comprises four different segments – classroom, fieldwork, organizational and management traineeship segments. The program offers exposure to rural realties through first-hand experience of understanding and working in villages and organizations. In the past IRMA graduates have been placed in organizations like Sri Ratan Tata Trust, NABARD, ICICI, Care, CRY, Exim Bank, WWF India, etc. Admission to the program is through IRMA’s own entrance test followed by a personal interview.
Management of Natural Resources
IIFM (PGD Forestry Management):- Forests are precious natural wealth for any country. The institute develops managers who are sensitive to the natural and social environment. Forest management professionals manage forest resources in such a way that they are not depleted. Further they also plan wildlife reserves, roads leading to interesting spots, recreation points, lakes, etc. The two-year PGDFM program (including 12 months of field training) is unique and ideal for students with a background in life sciences and related fields. In the past, IIFM graduates have been placed in organizations like Citi Bank, Forest Development Authority, ICICI, ORG MARG, PriceWaterhouseCoopers, Tata Consultancy Services, UNICEF, World Bank, etc.The admission is through the CAT.
IIFT:- Indian Institute
of Foreign Trade focuses solely on foreign trade. Placement is thus largely in export departments / trading houses. It is widely rated as the best in India for international business. The admission is through the IIFT test.
MFC:- The Master of Finance and Control, which offers specialization in finance is a two year full time program conducted by the University of Delhi (South Campus).
Advertising and Public Relations
MICA:- Mudra Institute of Communication in Ahmedabad offers a two year PGP in Communications Management that is designed to prepare students for careers in Advertising, Media, Marketing Research, Public Relations and Direct Marketing. MICA accepts the CAT score for preliminary selection process and then conducts its own test. In the past, MICA graduates have been placed in companies like O&M, Lowe, JWT, IMRB, ORG-MARG, Times of India, Blow Plast, Onida, etc.
IIM Calcutta (PGDCM – Post Graduate Diploma in Computer Aided Management):- This specialised course has around 60 seats and accepts the CAT as a qualifying test. The students apart from applying to CAT have to apply separately to this course and clear a test in higher level Mathematics conducted by IIMC. The course is specially devised to induct the students into the IT-applications in business and industry.
Personnel management and Industrial relations
XLRI:- Apart from the regular Business Management Program, XLRI also has a special Post Graduate Program – PM & IR (Personnel Management and Industrial Relations). This program is the best of its kind in HR in the country. XLRI conducts its own XAT (XLRI Admission Test) in the month of January.
TISS: The Tata Institute of Social Sciences offers: (a) Master’s degree in Personnel Management and Industrial Relations (b) Post-Graduate Diploma in Personnel Management. The Institute is recognised by the different Ministries of the Government of India, various State Governments, international agencies such as the United Nations, and the Non-Government sector (both national and international).
FMS:- The two year full-time MBA (Management of Services) offered by FMS at the University of Delhi – South Campus is one of the pioneering programs in India. It is designed to create ‘Excellence Leaders’ in the fast growing services sector. In the initial years, the aim of the MBA (MS) is to attract a range of institutions looking for future leaders in the service sector primarily from: 1. Financial Services2. Health Care Services 3. Information Technology Services 4. Hospitality and Transportation Services5. Public Services
TISS:- The Master of Hospital Administration is a two year full-time post graduate program which prepares the students for leadership role in the Hospital sector. Spread across four semesters, the students are trained in operational management as well as project management of hospitals. They are oriented to the managerial aspects of various clinical and support service departments. Further, they are taught to manage financial material and human resources. The students are mainly employed in private sector hospitals which include trusts, and corporate hospitals. In addition, the students are employed in hospital consultancy firms and health insurance organizations.
NIFT:- National Institute of Fashion Technology was started by the Ministry of Textiles under the Government of India, to assist the apparel/fashion industry in meeting global competition. NIFT is located across 7 cities in India. The selection process is through a common entrance test conducted by the institute. NIFT offers placements in companies like Madura Garments, Arvind Mills, GIVO, Shivam Exports, Benetton, Span India, Swarovoski, Ogaan, OCM workers, Ravissant, Elle Magazine, etc.