Monday, 7 May 2012

'Don't chose MBA institutebased on placement package.'

How should a student decide which institute to join?
Do not fall prey to advertisements. Talk to current students and faculty members to understand an institute. One should not depend on a single ranking scale. Refer to different rankings and derive an average to gauge an institute's quality. One should never chose an institute depending on its placement package. A student bagging a really high package makes great news. But there are lakhs of students doing the same course who gets different packages.

Does the brand of an institute help in placements?
Mostly all large companies have their own internal process of rating management institute depending on their past experiences. Other firms go by rankings done by different agencies. It also largely depends on networking, which is a very important aspect of management education. If a big company has a CEO who is from X institute, its students have an advantage. Hence the general perception or branding activity of an institute will not be of much help.

Do candidates with work experience have an edge over a fresh MBA graduate?
Internationally, fresh candidates are not allowed to do an MBA, making a certain amount of work experience mandatory. However, in India, there is no such process. But a candidate with work experience will personally have an edge in understanding the course, relating to the situations and examples in the theory.

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