With a plethora of universities and courses to choose from and the financial burden that comes with it, successfully completing the MBA admission process can be a daunting challenge. Making your way through the endless lists with the pros and cons clashing against each other can become a task and one needs the right guidance to tackle the situation. And if you find yourself in the same conundrum, look no further!
We’re glad that you have finally chosen the path of success because an MBA comes with endless opportunities. But the catch is – you have to do it right!
As for now, take a look at 5 factors which are important to consider before you begin your MBA admission process:
What’s the Duration of Your Course?
It’s very important that you know the duration of your course because it will help you plan out your next step. The duration of your course sometimes also determines the employment opportunities at various companies. However, if you have already started your entrepreneurial journey before pursuing an MBA, you should opt for a fast-track program. Make sure that you thrive on securing an MBA admission to any one of these universities: INSEAD, Oxford, and Cambridge Judge. These 3 universities provide a short-term MBA course without compromising on the quality of the coursework.
In case you’re a student who wants to take up a job after your MBA program, you should opt for a long term MBA course as it will equip you with the necessary knowledge and skills, as well as help you to build a wide network for the times to come. It may feel convenient to finish your MBA as quickly as possible, but it’s not the best decision to get a degree without acquiring the necessary skills for the future.
Know Your Curriculum
Before beginning your MBA admission process, you should know your curriculum because that is what is going to set you apart in your workplace. The internet is abuzz with advertisements from universities claiming to provide an enriching curriculum and impart cutting-edge practical knowledge to their students. However, until you examine their curriculum by taking a close look at their syllabus you can never be so sure.
Moreover, many times students ignore the theoretical aspects of education and concentrate on the practical skills in the hurry to embark on their own line of business. A student ought to remember that theory is the origin of practical knowledge. Both practical and theoretical knowledge are dependent on each other. Before you start your MBA admission process in any institution, you should make sure that its curriculum is well balanced between sound knowledge of concepts and practical skills.
Return on Investment
As you already know, an MBA can be relatively expensive compared to other courses. Most of you are going to be burdened with student loans and take on debt as you go through the MBA admission process. You have to be calculative and predict the kind of salary that an MBA graduate from a particular university is entitled to so that you can estimate whether the returns can comfortably help you accrue your debt or not.
It is also a good idea to compare universities based on the scholarships given by them. Although it is not advisable to sacrifice your dream university for a scholarship, if the financial condition calls for it then you have to plan practically for guaranteed returns after your placement. Applying to a top-class university is an investment in itself and you should be careful about what you get out of it.
What’s the Overall Ethos of Your Business School?
The environment of your desired institution is vital for what you gain out of it. The rules and regulations, the general vibe of the institution and the approach of the faculty towards the subject and their students are what is going to nurture you throughout your journey.
Every year a lot of MBA students graduate from institutions across the world but many of them fail to create relationships that serve them in the long run. During an MBA admission, most students wonder whether they are a good fit for the school or not. Only a few smart students question and analyze whether the school is a good fit for them or not.
If it is possible, you must visit the campus of the college or university yourself to feel the vibe. Otherwise, you can also check reviews online or connect with seniors and alumni to get an honest opinion. Sometimes what looks good from afar, may be far from good.
What About Career Opportunities?
Everybody wants a generous and secure career. As you journey towards the end of your MBA, you will be looking forward to starting the career journey that you have set out for yourself. However, if at the end of two years in a desired course and university of your choice you fail to strive towards the career of your choice, it’s not going to be all worth it now, is it?
Most people get a job because of the networks that they build over the years, but campus placement is of paramount importance in the recruitment process of students. It is the one-stop-shop for you to showcase yourself and your skills to reputed companies and potential employers. Thus, before applying to a university, you have to be mindful of the placement records and recruitment events of the school to plan a secure MBA journey.
In addition to these 5 factors, you should also keep in mind that patience and thorough scrutiny of all possible factors are the keys to a successful MBA and a generous placement. Doing an MBA is a once in a lifetime opportunity and is perhaps the best investment for a fruitful future. Do your research patiently to seek out the best business school.
In case you are not able to choose the best one, you can reach out to the counsellors at Leverage Edu for all the help regarding your MBA admission process and even for post-admission services!