Each year MBA aspirants, whether they may be final year students, fed up I.T employees, or people who looking for career shift, work hard and spend a good amount of their savings on entrance coaching fee and if luck permits they may end up in the top 5000. Some succeed,some quit, some start again and some make a compromise on their dream. All this for a dream consulting or investment banker job but reality bites and it bites hard, because once in you realize that only 1 or 2 among you may be lucky enough and even if you are the chosen one, you may end up as the most unhappy person in the world.
So the Moral of the story is don't run after money no matter what other say. Choose your path very carefully because once done there is no turning back. And of course MBA sure does offer you a lot of career options in many varied fields as it's not only about selling soaps and shampoo's.
TIP*- Many careers post MBA may offer lesser salary initially but after 5-7 years they end up as the highest paying jobs in the corporate world and vice versa.
I am just fed up with all the magazines and websites for making money by exploiting the dreams of MBA aspirants each year. Every year these magazines come up with a ranking that they may say is based on thousands of different factors but the truth is for most of the rankings Institutions pay huge sums of money. After years of turmoil I believe the primary factors on which you should choose a B school are,
1.Huge Alumni strength
2.Top Class Experienced Faculty
I know that it's impossible for a MBA aspirant to measure these parameter but it's not that difficult to create a relative grading. Follow the following steps to get a fair idea about your future MBA college,
1.Visit college websites and spend considerable time on that.Get all the information about the courses, resident faculty, visiting faculty, placements, Quality of Internship programs, Guest Lectures etc.
2.Try to establish a contact with more than one existing student or an Alumni and verify all the information with him/her.
3.Though Brand name may be important factor it should not be the factor. Try to match your aspirations with the information that you have in hand and do a thorough study on your Major and Minor field i.e. Marketing/Finance etc.
Though many magazines publish top 50 or 100, I believe we only have 30 good quality MBA schools in the country.Following is the list of TOP 30 MBA colleges in India based on my vast experience.
TOP B Schools in country
TOP NOTCH ELITE B SChools
1.INDIAN INSTITUTE OF MANAGEMENT AHMEDABAD
2.INDIAN SCHOOL OF BUSINESS HYDERABAD
3.INDIAN INSTITUTE OF MANAGEMENT BANGALORE
4.INDIAN INSTITUTE OF MANAGEMENT CALCUTTA
5.XAVIER LABOUR RELATION INSTITUTE JAMSHEDPUR
6.FACULTY OF MANAGEMENT STUDIES DELHI
ELITE B Schools
7.MANAGEMENT DEVELOPMENT INSTITUTE GURGAON
8.INDIAN INSTITUTE OF MANAGEMENT KOZHIKODE
9.INDIAN INSTITUTE OF MANAGEMENT INDORE
10.S.P.JAIN INSTITUTE OF MANAGEMENT & RESEARCH MUMBAI
11.INDIAN INSTITUTE OF FOREIGN TRADE (IIFT)NEW DELHI & KOLKATA
12.GREAT LAKES INSTITUTE OF MANAGEMENT, CHENNAI
13.NATIONAL INSTITUTE OF INDUSTRIAL ENGINEERING MUMBAI
EXCELLENT B Schools
15.NARSEE MONJEE INSTITUTE OF MANAGEMENT MUMBAI
16.MUDRA INSTITUTE OF COMMUNICATION AHMEDABAD
17.XAVIER INSTITUTE OF MANAGEMENT BHUBANESHWAR
18.INTERNATIONAL MANAGEMENT INSTITUTE (IMI)NEW DELHI
19.SHAILESH J MEHTA SCHOOL OF MANAGEMENT MUMBAI (IIT Mumbai)
21.IRMA Anand***Agri Business
22.Department of Management studies (IIT Delhi)
VERY GOOD B Schools
23.INSTITUTE OF MANAGEMENT TECHNOLOGY GHAZIABAD
24.VINOD GUPTA SCHOOL OF MANAGEMENT KHARAGPUR
25.GOA INSTITUTE OF MANAGEMENT
26.Department of Management Studies (IIT Chennai)
30.K.J. SOMAIYA INSTITUTE OF MANAGEMENT STUDIES & RESEARCH MUMBAI