MBA Colleges in India.

It was when the economic reforms of the country were undertaken in early 1990s that ushered in the MNC culture, that the need for well educated managerial personnel was felt. This provided the impetus for the setting up of the MBA colleges in India. This could not have been possible for the government to set up these colleges on such a big scale and especially when it was encouraging the private sector to come forward on many other fronts. What emerged was a set up of three types of the MBA colleges. 

The first type is of those colleges which are set up by the Universities under the aegis of the UGC. These are the only colleges which can offer the ‘Masters’ degree in management. Hence, ideally, so far as the nomenclature is concerned it is these institutions which can offer the MBA degree. The students who aim to get a degree prefer to seek MBA admissions in these colleges. 

The second types of colleges of MBA in India are the ones which are run by the private sector and are not under the control of the Universities. These are run directly by the private players and their functioning is streamlined as per the norms of AICTE. These are not allowed to call their award a ‘Master’s Degree’. Therefore, these offer the ‘Diplomas’.

The third type of MBA College is the one that is run by the private player without any sort of control. These are the ones which are not allowed to offer the degrees or diplomas and use the different other names.
Having elaborated on the different types of MBA colleges in India, it is important to note that people usually get secure careers by opting for the first two only. Seeking MBA admissions in the third category of the colleges in considered a risky investment. For the government or semi-government job positions, it is the post-grads from either of the first two institutes which are eligible to apply for the job vacancies. The UGC regularly brings out the list of institutes which are not recognized by it and cautions the candidates from seeking admissions in these ones. It is interesting to note that the top MBA colleges in India, of the IIM fame, offer the diplomas only. 

For the candidates willing to do MBA, the first choice is naturally the top MBA colleges that are reputed. However, intense competition for those institutes might force many of them to seek admissions in many other institutes. Which one is the top MBA College and which one is not, is dependent on many criteria. The most simplistic benchmark to judge the same is to find out how much salaries are commanded by the post-grads from these institutes. The other important criteria could be the extent of placements, the faculty, the infrastructure and even the teaching methodology. Besides seeking the admissions in the regular MBA colleges, the candidates can also opt for pursuing the MBA with distance education learning.

Features which makes the MBA colleges more or less reputed?

Career consciousness among the students in the last 15-20 years has seen huge enrolments in career-oriented courses. Some of these, like the MBA, have been very popular because of the big-ticket jobs that are offered to them. Though it is the ambition of every student to do the MBA from the top MBA College, the limitations of seats and the very high level of competition may lead them to opt for the lesser reputed colleges than that. What makes the MBA colleges more or less reputed? Why is a particular MBA in India more popular than the other?


There is an assortment of varying factors or parameters which makes them more or less popular.


1. The alumni: The students of the reputed colleges have proved their mettle in the industry. They have earned the fame and goodwill for their college by their acts. Over a period of time, with more and more students proving their mettle in the industry, the reputation for the top MBA College develops.


2. Courses: The next important determinant of reputation is the MBA Finance courses which are being taught there. The courses have to build up the basics and impart the latest knowledge. The relevance of the course in the present context is very important.


3. Teaching methods: Once you are out of the MBA College Delhi, the companies expect certain standards from you. It has been found that the institutes which maintain a balance between the practical and theoretical learning are better off equipping the students with the required performance levels rather than the ones which emphasise the theory part more.


4. Teachers: The faculty of the top MBA College will be highly experienced and learned. Many of them maintain regular touch with the latest in businesses at a practical level. By doing so, they have the insight of how the various businesses function and what are essential skill and knowledge levels imparted to them. They would have also honed their teaching methods and skills which are easy to comprehend by the students.


5. Facilities available to the students: This is the most common criteria which many MBA aspirants look for. In fact, they over-emphasise its importance while selecting the right colleges of MBA in Delhi. This factor can not be discounted but emphasis on this aspect at the cost of the other more vital selection criteria could prove costly later on, financially as well as career-wise. The student shall adopt a pragmatic approach to see what facilities or infrastructure is really required and the one which can be done without. The institutes which are reputed shall have appropriate infrastructure which aids learning and keeps you fit physically and mentally.


6. Fair selection process: The selection process of the institute shall allow the selection of the cream of students from the others. A good selection process is the first step towards developing their reputation.


Care shall be taken by the prospective candidates to understand that the reputation of the top MBA Colleges is built on solid grounds and not on flimsy marketing methods devoid of substance.