The MBA program is one of the most popular management course pursued by thousands of students worldwide. On the popularity scale, it’s on the constant rise. Those who are interested in pursuing post graduation in management choose an MBA over other degrees, to their help they can find ample of options and choices of good B-schools with guaranteed placements. In the middle of so many choices of B-schools offering MBA program students may face difficulty to take their decision. Once you have decided to go in for MBA program second step is to decide in which MBA college you should take admission? Here we give a few tips to solve this problem where you need to consider 5 P’s to arrive at the right decision.
1. The priority of the MBA program to be pursued.
Set your priority clear in terms of the job you desire, reasons for doing this course and type of MBA program you want to study in. On the basis of your preference, the program can be selected. Full-time MBA, Part-time MBA, Online MBA, Distance MBA and Executive MBA are some options through which you can earn your MBA degree. Take your decision after deep thought and analysis of your set priorities in life.
2. The purpose of going in for the MBA Program
Be clear on the objectives behind doing an MBA course. The type of career you want and expect, education level to achieve and knowledge gaining are some key factors to be thought upon. Thus the choice of MBA programs and its field of specialization is dependant upon your purpose for doing an MBA.
3. The place from where you want to do your MBA
Choice of the type of MBA program and college depends on your preference for the location from where you want to do your MBA. Some students may want to stay in their hometown, some may be ready to shift anywhere, and few may have a limited choice due to their on-going job and many more reasons to be followed. Speak to the concerned person or the education counsellor who can give you details about good MBA colleges in preferred locations, their campus, environment, education level, etc.
4. The prestige associated with the MBA College
Once the place for MBA is decided you may get many names and choices of best MBA Colleges at that particular location. Now how to decide which one to go for? Best of college can be selected on the social and academic prestige of the B-schools. Take admission in a college that fulfil your objectives and have a good reputation in the education field. You can calculate the prestige of an MBA college by some of the prime factors noticeably like faculties, companies coming in for campus recruitment and ranking of the college.
Faculties of any college are of great importance as they would be your knowledge mentors for the next two years. Select a college that has good and well-known companies coming to their campus for recruitment. It signifies the corporate importance of the B-school. A ranking of the B-school should be in the first 20 to the max.
5. Price of the MBA Program
The fee structure of an MBA program can be a prime factor when you decide the college. Every B-school has its own differential fee structure and tuition fees. Take all information regarding it. If you find the MBA institute worth but do not have enough money, consider taking student loans for study completion.
The above-mentioned factors in combined format help you in arriving at a final decision of pursuing an MBA program from a given MBA college.