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IT is not just about location, facility

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CAT 2023 Percentile Predictor

IT is not just about location, facility

Edited By Kapil | Updated on Jan 08, 2014 12:37 PM IST

GRADUATING FROM a good institute jump-starts one’s career prospects

More than two lakhs of students apply for MBA every year, but only few are chosen for IIM. And for the rest, it’s a big challenge to find the “best fit” B-School. There are plenty  of institutes to choose from, but getting the one that would  suit your personality and career goals is the prime challenge.  Parents and students think that ranking is the only basis to judge an institute. Interestingly, there are several other sources which help in assessing the institute. Everything counts – visits to campuses, interaction with current students, alumni; checks on placement record, salaries, profiles offered by companies and more. And location does matter. Much more than what you think. So how do you know if a particular B-School is right for you? Should you choose the programme or the school? In placements, does a Tier-2 school help at all? Read on. Know how to get it right.

Q: How to choose the right B-School?
A: Choosing the right B-School is one of the most important decisions you have to take once you decide to pursue MBA. You must select the B-School on the basis of the following thumb rules.

IT is not just about location, facility
IT is not just about location, facility

Recognition: The recognition of the programme by AICTE (or in case of autonomous institutions by University Grants Commission or Association of Indian Universities). For example, owing to their autonomous status, institutes like IIMs, IITs, IIFT, ISB etc., do not have AICTE approval. However, if you are opting for private B-Schools, you must check their AICTE approval status. If the B-School is under a university, it should be approved by UGC or AIU.

What is the standing of the B-School? B-School Rankings can be a useful tool for you to decide whether the institute is worth studying at. The performance and rank of B-Schools can be assessed on broad categories, for instance: input, process and output. The inputs include information on students, faculty, admission process and resources. The MBA course (structure, design, delivery, evaluation) and learning associated with the same constitute the process. The output comprises details about graduate students, their placements and job profiles as well as research outcomes such as publications, consultancy and industrial projects, training etc.

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Return of Investment: While choosing a B-School, the ROI factor depends on the fee and the placement statistics. While the B-School fees are soaring high, the placement statistics are affected by the economic downturn. Analyse the fee and the placement statistics of the last year to gauge the Return of Investment of the B-School.

Cut-off marks: Before applying, you must be aware of the cut-off marks of the B-Schools for the MBA entrance exam in the previous year. Make your discretion based on your expected marks in the exam you are taking such as CAT, XAT, MAT, CMAT or others. While the cut-offs for top B-Schools range from 90 to 99 percentiles, for the mid-rung schools it is around 75 percentile.

Infrastructure: This is another important factor. Ensure that the B-School campus offers you the requisite facilities such as library, computer and Internet etc. If you are an outstation candidate, look whether there are good hostel facilities on the campus.

Q. How much of homework should I do before selecting a school?
A. Before choosing any institute for MBA, take the following steps:

  • Go to the institutes’ website

  • Check out the courses being offered

  • See whether it matches with your expectation

  • Check about the teaching faculty, infrastructure and placement reports

  • Also check the status of the institute on career and education websites

  • Try to contact alumni and current students of the institute

  • Always visit the institute before joining it, interact with faculty and students

 

Many-factor

MANY FACTORS play crucial roles in the selection of the right school

Q. Does location of a B-School really matter?
A. The Dean, Public Relations and Chairman-Admissions of TA Pai Management Institute at Manipal, Prof Chowdari Prasad says, “In today’s technologically advanced world, there is no geographical limitation for sources of learning.  All the players of management education, including students and B-Schools, have got to face stiff competition to come together in a highly ‘quality-oriented’ learning environment. With the emergence of concepts like Massive Open Online Courses (MOOCs), gone are the days when learning was confined within four walls of a classroom. Resources like Internet, Wi-Fi and  Video Conferencing have already replaced the lecture method. Moreover, corporates would always like to travel to campuses to study the B-School environment to assess employability of students.  In the process, B-Schools located in remote areas may have an added advantage of serene environment for learning.” Dr. Ramakant Kulkarni, Director of Global Business School, echoes similar views. He says, “Proximity to communication is one of the factors besides faculty, infrastructure and academic rigour in deciding a B-School for education and in placements.”

According to Prateek Didwania, a PGP candidate at IIM Kozhikode, “Studying in a metropolitan city is very different from studying in a not so well known city. Placements for any institute depend to a large extent on the alumni and ranking of the institute than the geographical location. Exposure and opportunities do not depend on the location in a world, which is virtually connected via Internet. According to me, a B-School should always be at a very serene and a remote place where the students get to explore themselves, staying disconnected with the pollution and noise of a city. When we do not have options to go outside the campus, we end up having a CAMPUS LIFE. And this is called MBA.”

Q. How to analyse placement records?
A. One must carefully scan the previous year’s placement record of an institute. “Placement records are often easily judged by the CTC figures. You must try to find out the job roles that are offered and the profile of companies visiting for placements,” shares Prof. Abhishek Kumar, BIM, Trichy.  Another best way to analyse is through its alumni. Prof. Kumar emphasises face-to-face interaction. “You must visit campus and take reviews from current students,” he says.

Q. Should students go for MBA programmes being offered by institutes which are not that well known?
A. Yes. Homework done by the students on alumni, their job profiles; accreditation of the institute, nature of faculty, placement data, and future goals of the school concerned would come in handy and would be authentic as it is first hand information. Rankings do play a role. When selecting an appropriate B-School, ranking is considered an easy option to eliminate the ‘undesired’ schools according to individual considerations. Reputed rankings are often seen as reliable, but one should refrain from judging a B-School on its ranking alone. Dr. SK Singla, Director, GNA-IMT (Phagwara) says, “The top B-Schools in India are IIMs, XLRI, Symbiosis, IMT, etc., however, there are enough students with low scores in the management entrance examinations who do not qualify to get admission in these institutions.” Does this mean the end of the road for such a student? No. Dr. Singla says, “Good management institutes do exist in smaller towns (like GNA-IMT) which provide a platform for students to shape their careers with emphasis on industry-institution interface.” Sometimes lesser-known institutes could address your needs and aspirations better than the top institutes. That could be a better choice than expected and help you in bagging a good job.

Q. Are the Indian campuses of foreign B-Schools good bets for students?
A. With the recent notification by Ministry of Human Resource Development (HRD), even these campuses are considered as foreign and their degrees need to be validated by the Association of Indian Universities (AIU), as equivalent to Indian offers. The HRD ministry has laid down  stringent conditions for foreign universities to enter India. Having a ranking within top 400 institutions of the world and a minimum corpus etc, are some of them. But the learning one gets from interacting with global cohorts and living in an international campus may not be available to those studying in a domestic campus. So unless one has compelling cost advantages, it does make sense for you go for the real thing, so as to say.

Prof-R-K-MishraProf. R K Mishra
Director, Institute of Public Enterprise,
Hyderabad


Industry activities, industry-academia interface, good governance and funnelling institutions such as reputed engineering colleges giving undergraduate education should be decisive in selecting the location of a B-School.

 

Rajul-GargRajul Garg
Director, Sunstone Business School

Tier-1 cities are fertile grounds for placement and exposure. The trend is observable internationally as well. Some brands are able to transcend this. However, closeness to industry can be an advantage for new B-Schools.

 

Prof-Aashish-PawaskarProf. Aashish Pawaskar
SIMSREE

There are many good companies/organizations which cannot afford to employ graduates from top-notch institutes like IIM and others. So naturally preference goes for other lesser known institutes.

Q. How to use rankings to select the best B-School?
A. Ranking provides a great deal of information. If you are interested in doing an MBA degree, it is likely that you have reviewed a number of rankings. Make no mistake, these rankings provide adequate information on B-Schools. The rankings use certain parameters to help you figure out the standing of the B-School and also get information on placements, quality of faculty and students, infrastructure, accreditation, approval, locations etc. The ranking of best Indian B-Schools are put out each year by Careers360 magazine.

Q. Should I pursue MBA from India or abroad?
A:  Many MBA aspirants want to pursue MBA from abroad. This decision should be taken before you decide which MBA entrance exams to take, as the admission process is quite different in India and abroad. There are various parameters based on which you can take the decision such as standing of the B-School in a global perspective, quality of faculty, relevance of curriculum and placement opportunities.

Dr. Jeemol Unni, Director, IRMA states, “Students have to make a choice based on their ability, aptitude, interest and adaptability. While the brand value of the B-School where they obtain a degree is important, the choice should be made based on where and what kind of organisation and sector the candidate wishes to serve. A degree from abroad alone may not make the candidate suitable for jobs in India. Indian MBA from good institutions is excellent and better suited for jobs in India. Foreign MBA may hold a charm for some students, but with global recessions, they find it difficult to get a job in the Western market and they have lower value in India. So many MBAs from less known foreign institutions are left high and dry without a job after an expensive education.”

Mansie Dewan, a professional Admission Coach says that budget and career aspiration play a big role in the decision. “Foreign MBA degree is much costlier than Indian MBA. Be very sure about your career aspiration. At the end of your MBA you must work for at least 5 to 6 years abroad in order to make your foreign MBA degree fruitful. If you are keen on pursuing your career in India with a specialisation relevant for the Indian market, then it is better to pursue an MBA from India. Moreover, since foreign universities are coming to India such as Schulich School of Business in Hyderabad and SDA Bocconi in Mumbai, you can get the experience of studying international MBA curriculum here in India.”

Q. Which institute offers the best MBA course abroad?
A. “Obvious favourites are Graduate School of Business at Stanford, Harvard Business School, Asian Institute of Management, Makati, Philippines; Ivy Leagues and INSEAD,” shares Prof. Aashish Pawaskar of SIMSREE. Mumbai Besides these, one must not overlook other reputed institutes abroad, which are low-cost but offer high quality education. Your institute selection should be backed by good research on country/region, fee and programme methodology. Another key area where information must be sought is the alumni.

GraphQ. How crucial are placement and infrastructure?
A. “Rating the college only in terms of visible traits is not a good idea,” says Prof. Ashok Sharma, Amity Business School, Noida. There are institutes, with large buildings but bad academic infrastructure. Besides placements, find about pedagogy, faculty, library facilities, infrastructure and corporate exposure. If an institute is well equipped, then target it for getting admission. “There are numerous surveys, but rely on those published in reputed magazines/newspapers,” says Prof. Nilanjan Chattopadhyay, IMT Ghaziabad.

Specialization

Institute

HR

XLRI, IIM Ahmedabad

Operations

IIM Bangalore, IIT Delhi, IIT Bombay, NITIE

Finance

IIM Ahmedabad, IIM Bangalore, IIT Delhi

Information Technology

IIM Calcutta, IIM Bangalore, IIT Delhi

International Business

IIM Ahmedabad, FMS Delhi

Rural Management

Institute of Rural Management (IIRM) Jaipur

Agri-Business

IIM Ahmedabad, IIM Lucknow

Health Care

FMS, Goa Institute of Management

Source: As listed by Prof. M P Gupta, IIT Delhi, Department of Management Studies

Q: What is the fee at top Indian B-Schools?
A: The fee structure of the B-Schools varies from institute to institute. MBA is considered to be one of the most expensive courses. However, there are university B-Schools like FMS, Delhi University that have fee below Rs. 1 lakh. The following Table looks at the tuition fee of top B-schools, which may be revised in the academic year 2014-16.

B-School

Fee (2013-15)

IIM Ahmedabad

Rs. 16 lakh

IIM Bangalore

Rs. 17 lakh

IIM Lucknow

Rs. 10.8 lakh

IIM Indore

Rs. 13 lakh

IIM Kozhikode

Rs. 9.75 lakh

XLRI Jamshedpur

Rs. 14.75 lakh

MDI Gurgaon

Rs. 15 lakh

FMS Delhi University

Rs. 21, 000

SPJIMR Mumbai

Rs. 11.5 lakh

IIFT Delhi

Rs. 12.75 lakh

SIMSREE Mumbai

Rs. 1.3 lakh

IIM Shillong

Rs. 8 lakh

IIM Ranchi

Rs. 9 lakh

IIM Rohtak

Rs. 9 lakh

IIM Raipur

Rs. 9.6 lakh

IIM Trichy

Rs. 10 lakh

IIM Kashipur

Rs. 8 lakh

IIM Udaipur

Rs. 8 lakh

TAPMI Manipal

Rs. 9.90 lakh

LIBA Chennai

Rs. 7.2 lakh

Q: What are the selection criteria of top B-Schools?
A: B-School selection is a two-step process. The first round is shortlisting of candidates based on entrance scores, which the B-Schools accept. The final selection round includes interactive and interpersonal rounds like GD, PI and/Essay Writing. Certain B-Schools also conduct Group Exercise, like MICA Ahmedabad to test team-working skills.

The number of years of work experience also matters since more than three years of work experience may not be considered relevant at certain B-Schools. Bharat Wadhwa, a student of IIM Kozhikode says, “Work experience surely helps you earn a few brownie points for admission to esteemed B-Schools. It also makes you more confident in facing panel members during interviews. However, experience beyond a certain number of years really does not make much difference to the attractiveness of your profile for admission. 

 

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Careers in journalism are filled with excitement as well as responsibilities. One cannot afford to miss out on the details. As it is the small details that provide insights into a story. Depending on those insights a journalist goes about writing a news article. A journalism career can be stressful at times but if you are someone who is passionate about it then it is the right choice for you. If you want to know more about the media field and journalist career then continue reading this article.

3 Jobs Available
Editor

Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

3 Jobs Available
Reporter

Individuals who opt for a career as a reporter may often be at work on national holidays and festivities. He or she pitches various story ideas and covers news stories in risky situations. Students can pursue a BMC (Bachelor of Mass Communication), B.M.M. (Bachelor of Mass Media), or MAJMC (MA in Journalism and Mass Communication) to become a reporter. While we sit at home reporters travel to locations to collect information that carries a news value.  

2 Jobs Available
Corporate Executive

Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

2 Jobs Available
Multimedia Specialist

A multimedia specialist is a media professional who creates, audio, videos, graphic image files, computer animations for multimedia applications. He or she is responsible for planning, producing, and maintaining websites and applications. 

2 Jobs Available
Welding Engineer

Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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