Mumbai, the financial capital of our country is a one of the best cities to pursue your MBA dreams. Plenty of MBA colleges in Mumbai offer high quality education, experienced faculties and top placements. And, there are plenty of institutes that offer MBA or PGDM courses in various specializations but the challenge here is there are only few institutes which are valued at industry level. Hence, it becomes absolutely fundamental to do the MBA from a top tier MBA institute that adds value to your professional career.
In today’s challenging times, where we are living in a pandemic, one has to keep in mind few things before narrowing down his search for the right MBA College. The online education, fees, travelling and most importantly placements play a huge role in the decision making process for an MBA aspirant nowadays. A few things that should be prioritized to while selecting the perfect MBA college :
One should always look at the ranking of a particular MBA college in order to know its credibility. Normally, an institute is certified by government organizations such as the University Grant Commission (UGC) or the All India Council for Technical Education (AICTE). As there are many colleges that offer MBA courses in Mumbai, the rank and these affiliations to various educational bodies of a particular institute matters to a student in making the right choice.
Though the fee structure cannot directly determine the quality of the education provided but it needs to be taken into consideration while shortlisting MBA colleges. The fees of colleges offering MBA courses in Mumbai ranges from 3 lakhs to 20 lakhs. This fee structure depends on whether the institute is affiliated to a private university or a government university. Usually, the fees to get admitted into a private university is roughly 10 to 20 lakhs. Some of the top colleges charge a little extra but offer equally good placements. However, one must look at the current pandemic and then take the decision as there are chances of the study being entirely in an online mode. You may not even get an opportunity to visit the college campus, visit the library and take part in extracurricular activities.
If an MBA college offers good placements that match up to the expenditure incurred for the education, then ROI will always be better. Before taking the final call, the student needs to check the past placement records, the average CTC received by past 3 batches, top recruiters etc. The first job you choose right after your MBA is completed, helps to shape your career a lot.
Some MBA colleges offer General MBA and a few specialized MBA courses while some MBA colleges offer MBA specializations. Along with this, a candidate should also analyze how the syllabus will help in his personal and professional growth. Colleges that offer MBA courses in Mumbai also give various assignments to the students and conduct special workshops for the students during the entire course. These workshops and projects play a huge role in preparing yourself for the corporate world.
Nowadays, with so many MBA institutes coming up, it’s rare to find a college which has industry veterans and experienced faculty on board. Industry veterans are the bridge between outside world and a college for student. They blend the curriculum with right set of case studies from outside world and their own experiences which help the students to understand the corporate world better. It is mostly one of the most neglected but yet most important factor while making shortlisting your college.
Another key factor for selecting a right MBA college in Mumbai is its location. Location of a college also influences the type of faculty and the placements offered. Mumbai is a commercial hub so studying in this city will give rise to many job opportunities. However, taking today’s situation into consideration, many colleges have completely shifted to online teaching. This has turned out to be a great opportunity for students who live away from the city. But when the restrictions are at ease, travelling to the college without getting into much crowd will be helpful in staying healthy.
To conclude, an MBA institute plays a huge role in shaping ones present and future. A right college will always help you to bring out the best in you. Your college will transform you from a novice grad to valuable post grad. Hence, you must compare various institutes based on these factors before signing the dotted line.