An MBA is currently one of the most popular and prestigious professional degrees in the country. A post graduate degree in business management from a top level business school is often seen as a getaway to a high flying and well-paying career with a reputable corporation. However, with so many top-level MBA programmes on offer by so many different business schools, the whole process can be quite overwhelming and you may not know where to start. The starting process is not that tough though, as every MBA aspirant is aware of the fact that they have to do well in important MBA entrance tests like CAT, MAT and XAT to give themselves a fair chance of gaining admission in a top rated business school. These competitive tests are pretty tough and you have to work extremely hard to score a high percentile in these tests.
MBA aspirants by and large do not like to put all their eggs in one basket and do not bank upon a single business school to offer them admission. Different business schools have different selection criterions which make it important on your part to apply to at least 8 to 9 management institutes of good reputation and calibre. Expanding your application portfolio somewhat broadens your chances of finally making it to a well-established business school provided you have done extremely well in entrance tests.
One thing though, that is often seen is that MBA aspirants believe that once they have done well in competitive tests and applied to all the good MBA institutes in Gwalior or for that matter anywhere else in India, much of the hard work is over. But then the offer starts coming and they quickly realise the necessity of choosing one business school over other is as difficult as the preparation and application process itself. This factor is not hard to decipher as for example, if you receive final admission call from two top rated management institute—A and B. You know that both are good and enjoy good brand value in the job market. Preferring one over the other under such circumstances is not the easiest of decisions as the future repercussions of discarding one in favour of another always keep playing in your mind.
Keeping this important factor in mind and helping you ease your decision making process, we present in the following paragraphs important factor which we hopefully believe will take some anxiety out of the process and help you reach final decision with a certain amount of confidence found absent when you started the task.
Return on Investment
We shall tackle money first, as MBA programs are notorious for being extremely expensive and as such at the forefront of all debates when it comes to doing an MBA. With two year MBA program of majority of top rated business schools in India over and above a million rupees, the issue you need to consider is the return on investment the degree is going to provide—how much in fact is the degree really worth? By how much is the degree worth, we are referring to what the typical earnings in the several years after graduation for most graduates of your program, and specifically the specialisation that you choose, that is the return on investment of your chosen program. It is not uncommon for business schools to publish a report on the final placement of their students and their average salaries, and you can easily download it from the internet.
However, you are advised not to go fully by the statistics and delve a bit deeper as these reports are only for the time period the student is placed for the first time. You need to scratch the surface and go a bit deeper to find earning statistics of graduates three to five years down the road to get a better picture of what people are earning and if there is a solid return on investment which can help students quickly get rid of their liabilities accumulated during their MBA program. MBA programs in Gwalior or anywhere in India offered by top level institutes generate a rapid ROI; you can though take the help of various rankings to determine which institute offers a better ROI.