Connect with us

Education

ROI and Ranking Are 2 Important Parameters Of Selecting A Business School

Time is the most precious commodity for a student. A year lost owing to your own negligence or some unforeseen circumstances can put you years behind your classmates and friends. An MBA apart from time is also a serious investment of money which makes it imperative on your part to get it right the very fast time. MBA programs of best management colleges in UP or for that matter anywhere else in India are notoriously expensive with the overall cost for this two year degree program often running in excess of a million rupees.

The return on investment (ROI) generated by top class business schools no doubt is very high and students can recover the entire cost of pursuing their MBA within two to three years of joining the workforce.  However, it is of primary importance to remember that ROI is only good for well-established business schools who are renowned for developing graduates fully capable of working in an international environment. Accomplished business schools offer expertise and knowledge which enables their students to thrive in any business context.

Unfortunately, the same does not hold true for majority of second-string business schools dotting the landscapes of management education in India.  Solely interested in making good money in quick time, these fly by night operators can deliver a swift death blow to your career aspirations. It is the primary reason experts and mentors keep on advising MBA aspirants that business school research should be the most important activity in your entire MBA application process.

Getting it right is imperative as it ensures that you smoothly attain your objectives of opting to study MBA in the first place. In the following paragraphs we shall look at some of the important factors that will help select a management school which offers a magical match between your aptitude, skills and knowledge and career aspirations.

Ranking of the Business School

Quite a few important business magazines, journals and newspapers come up with yearly ranking of top business schools.  Going through the list can make your task of applying to different business schools significantly easier by narrowing down the list to a manageable extent.  Business schools are usually rated on factors of academic environment, qualification of the faculty, recruiter reputation, alumni feedback, ROI over the years, value for money, alumni network, etc. The criteria used for assigning points and ranks, however, vary from publication to publication. For example, a business magazine ‘A’ may assign more weightage to the placement offered by a business school where as the other business magazine ‘B’ may lay more emphasis on networking opportunities offered by the institute.

Top rated management institutes in Lucknow or for that matter anywhere else are most likely to be good in all the relevant parameters with slight differences throw in here and there.  What it means is that they are bound to find their names in the ranking list with slight variation in the order of their rankings. It is the reason why MBA aspirants are advised not to base their selection decision solely on ranking. It would be naïve to bet your entire future on rankings, though it is a good tool to comprehend the overall quality of an MBA program conducted by a reputable business school.

Return on Investment

Since MBA programs are highly expensive, money is usually at the forefront of most debates when it comes to a business school.  The issue here is not how much money the school is giving you, but the return you are likely to make on your investment. You need to take into consideration the real worth of a degree by getting hold of the data related to the earnings of students of a particular business school several years down the line. It will give you a better picture of what people are earning and if there is a solid return on investment.

Continue Reading

Recent Posts

Business1 day ago

Can You Use Residential Property for Commercial Use

Having extra income, constantly flowing in can make all the difference in the current economy. Getting creative with how you...

What Do Business Consultants Do What Do Business Consultants Do
Business1 week ago

Running a Business? How to Minimize Supply Chain Issues

Supply chain issues have always been an issue for businesses but over the last few years, the effect and widespread...

Home Improvement2 weeks ago

How to Increase Your House Value Before Selling

Increasing home value is the first step to making your place more attractive for future buyers. Whether you are trying...

General3 weeks ago

Why Calorie Control Is Still The Best Way To Diet

There are a great deal of different options when it comes to dieting, every day there seems to be a...

The Benefits Of Trade Credit Insurance For Your Business The Benefits Of Trade Credit Insurance For Your Business
Business4 weeks ago

The Benefits Of Trade Credit Insurance For Your Business

Trade credit insurance provides cover for businesses who trade on a credit basis. If the people who owe money for...

5 Charming Restaurant Decor Ideas In 2022 5 Charming Restaurant Decor Ideas In 2022
Miscellaneous1 month ago

5 Charming Restaurant Decor Ideas In 2022

Making your restaurant memorable and stand out is a feat worthy of praise. The sheer pressure of wanting to succeed...

Bank Won't Fund Your Business? 4 Loan Alternatives To Get You Started Bank Won't Fund Your Business? 4 Loan Alternatives To Get You Started
Business2 months ago

Bank Won’t Fund Your Business? 4 Loan Alternatives To Get You Started

Businesses typically require some sort of collateral or proof of concept before funding their business venture. However, it is possible...

Planning A Stag Do Planning A Stag Do
Miscellaneous2 months ago

Planning A Stag Do

If you’re a Best Man then you’re in a unique position of responsibility, and before the day itself when you’ll...

Tips to Reduce Eczema Flare-Ups Tips to Reduce Eczema Flare-Ups
Health2 months ago

What Triggers Eczema | Tips to Reduce Eczema Flare-Ups

Eczema is a skin condition that can induce redness, itchiness, and skin inflammation. Its root cause is not fully understood,...

Women's Fashion Trends To Expect In 2022 Women's Fashion Trends To Expect In 2022
Lifestyle3 months ago

Women’s Fashion Trends To Expect In 2022

A new year means new fashion trends. We cannot wait for what is in store in 2022. It seems that...

Home Makeover Trends: Insights from The Pros Home Makeover Trends: Insights from The Pros
Home Improvement3 months ago

Home Makeover Trends: Insights from The Pros

Are you considering a home makeover but don’t know where to start? You’re in luck! In this article, we will...

Interior Design Trends 2022 Interior Design Trends 2022
Home Improvement3 months ago

Interior Design Trends 2022

We all spend time pining over other people’s interior’s on Pinterest or Instagram, but with these trends, it’s easy to...

Top Commonly Overlooked Car Maintenance and Repairs Top Commonly Overlooked Car Maintenance and Repairs
General3 months ago

Top Commonly Overlooked Car Maintenance and Repairs

Maintaining a car is a huge responsibility. There’s a lot that goes into that given how complicated a machine it...

What Is The Difference Between Strata and Property Manager What Is The Difference Between Strata and Property Manager
General3 months ago

What Is The Difference Between Strata and Property Manager

Real estate is a diverse market, and as such, it can be hard to determine the differences between various types...

Sleek Home Upgrades That Will Luxe Up Your Life Sleek Home Upgrades That Will Luxe Up Your Life
Home Improvement4 months ago

Sleek Home Upgrades That Will Luxe Up Your Life

Sometimes we need a vast endeavor to make our home look extravagant and cheek but very often you can implement...

Categories

Archives

Trending