It is now well known that an increasing number of aspirants from all over the country today are opting for PGDM programs to pursue their management dreams. The lure of a rewarding career in the corporate world is undoubtedly tempting. However the fact remains that not all of them reach the heights of success they would expect to after completing their management programs. According to experts, that has to do with choosing the right stream for your Full Time PGDM as much as the B School you opt for.
In fact there are many hopefuls who have managed to successfully ride the wave of trends in the industry and make a place for themselves in their respective careers. They have done that by opting for PGDM streams that not only suit their interests but are in keeping with industry demands as well. Hence choosing the right stream for your management program assumes great significance, especially in today’s times where there is immense competition in the market. But the good news is that some of the Top MBA Colleges Of India offer you several exciting and dynamic options that you can use to your advantage.
Whether you choose to do your PGDM In Kerala or any other parts of the country, here are a few factors that you can consider while choosing the right specialization for you.
Of course the domain you choose for your management program should be based on your interests; no two ways about it. Streams like HR are ideal for candidates who love to interact with people and can thrive in such scenarios. But at the same time you shouldn’t buy into myths like “finance is only for those into number crunching” and limit your options. By all means follow your interests but keep an open mind about choosing the specialization.
Keeping a close eye on the industry trends is important and you can gain useful information by paying attention to the placement records of the top institutes in the country. You will know about streams that are producing professionals who are much sought after in the industry. Having said that, it can’t be the only factor that you base your decision of choosing a stream on.
You will also find that some of the best B Schools in the country are offering unique specializations that can give your careers the cutting edge advantage. You also have the option of choosing different electives or going for dual specializations. It only means that you widen your horizons and career prospects to a great extent. Many big name corporate companies today look for professionals who have multiple specializations as responsibilities overlap in present work environments.
While choosing the specialization for your program, you can also look at the curriculum offered by the B School and everything it entails. Solid homework about it at the onset will ensure that your make your PGDM count for you in the long run.
B Schools in the country have come of age and are moulding young professionals who go on to hold responsible positions in their organizations. Many of them assume leadership roles and pave the way for those who follow them. Others turn entrepreneurs who create hundreds of jobs rather than seeking employment opportunities themselves. But above all, what Top MBA Colleges Of India do for their students is to groom their personalities and transform them into well rounded individualities. And that’s something you need to pay attention to while choosing the B School for your management dreams.
Students from all over the country
Metros to remote towns come to the renowned management institutes in the country to give their future careers a push in the right direction. But what Top MBA Colleges In Kerala or anywhere else in the country can do for them goes beyond their career aspirations. By the time they are done with their academic stint they have been given several opportunities to present themselves as global professionals in the true sense. So what are the initiatives and strategies that B Schools in the country employ for overall development of the students?
For starters, a Full Time PGDM program at a reputed B School will attract students from all over the country. Thus it offers you a platform where you can interact with bright minds from diverse backgrounds, which is a huge learning experience in itself.
A fully residential program offers many students first taste of independent life as they learnt to do things for themselves, live on their own. Study groups, campus life and having to be responsible for your daily decisions can be a big learning curve for you.
A top B School will make the most out of dynamic teaching pedagogy, which will not only help you understand management concepts but allow you to present your ideas better. From presentations to case studies and group discussions your communication skills will improve manifold.
Campus programs, college festivals are an integral part of learning at the best management institutes in the country. Students can involve themselves with organizing the programs to participating in different activities to gain in confidence and showcase their talents.
Management institutes also offer students opportunities to interact with corporate personalities and organizations. Through industry visits, interaction sessions and seminars, students get a chance to mingle with the big names in the business. It not only builds their confidence but lets them mingle with professionals of repute.
A renowned B School will also make its students aware of their social responsibilities. Thus different drives in association with NGOs, government organizations, visits to villages and other initiatives are organized by the institute, which make a world of difference to students and their understanding of the world around them.
That’s how the best B Schools in the country ensure that its students become well groomed managers of the future.
There was a time when management aspirants would opt for their MBA degree and not look beyond it in a bid to realize their dreams. PGDM programs were not considered to be on par with MBA programs offered by different universities. But things have changed dramatically over the years and today a Full Time PGDM is not only on par with reputed MBA degrees but in several cases has an edge over it too. So what is it that has tilted the balance in the favour of PGDM programs is the all important question?
Today when candidates are looking at Top MBA Colleges of India they are also focusing on the PGDM programs offered by these institutes. That’s because these programs are as reputed as these B Schools themselves and are known to give students the cutting edge advantage. But as an aspirant yourself with big dreams for your future, you need to know why and how a PGDM can help you set your career in the right direction.
For starters, you need to know that while MBA programs are offered by different universities, some of the top B Schools in the country have their own PGDM programs. The key lies in going for a program offered by an institute, which has a strong reputation and adequate accreditation.
You can do your PGDM In Kerala or anywhere else in the country, you will be pleased to find that the institute you opt for will be in charge of the curriculum it offers. That makes of lot of sense for management aspirants because today B Schools are known to evolve their curriculums on a regular basis and in keeping with industry demands and trends.
B Schools offering PGDM programs also tend to attract experienced faculty members who have gained industry experience as well. Hence as a management student you get an opportunity to learn from the best minds and have exposure to the industry.
In fact several of these management institutes will have their own strong networks with the corporate world. Through initiatives like seminars, industry visits and live projects you will get hands on experience in your academic years. As you get a peek into the real world corporate life you are prepared for the challenges ahead.
Today PGDM programs attract students from all over the country from diverse backgrounds. Thus you get to interact with bright minds from different cultures and that’s conducive to healthy exchange of ideas. Moreover it adds to the dynamism of the classroom, which is already versatile given the new age teaching pedagogy employed by these B Schools.
Lastly, after completing your PGDM from any of the top institutes in the country, you are eligible for further studies like doing your PhD in your chosen subject. In fact several B Schools also promote research during their programs and that can be of great advantage to you.
These are just some of the reasons why today a PGDM is sought after, in many instances over an MBA.
A major in entrepreneurship meant you could not be relied upon by employers who did not want an employee who would learn the ropes and then open his own business, and perhaps take with him valuable contacts and clients!
If you were planning to start your business or join the family business, you did not need to study entrepreneurship!
The fairy tale is over, as are the myths surrounding Entrepreneurship. The result? A never before seen interest and enrollment in Entrepreneurship programs!
Myth1: MBA = Job
Not anymore. While there is a growing need of management professionals with the fast paced growth in business, the following factors have impacted employability:
Employers have realised that a degree does not necessarily mean knowledge. With MBA degrees being offered by several government and private institutions, it is the quality of the student that has become the focus of prospective employers. Today, employability is a function of a student’s ability to innovate, lead and implement.
More and more businesses have realised that they don’t need more people, they need smart people. Intelligence is evaluated based upon practical experience, along with the work doneand projects undertaken by the students!
Myth2: An entrepreneur will most likely leave the company
The dictionary defines an entrepreneur as “a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.” The thesaurus gives the following synonyms for the word entrepreneur
While the assumption may be true that a person who has opted for a major in ‘entrepreneurship’ would at some point want to begin his/her own enterprise, businesses now value the core spirit of an entrepreneur and want to leverage it for their own profitability, rather than hire someone with no initiative!
Businesses have also come to realize that not every MBA with a specialization in entrepreneurship wants to start a business. Some of these professionals are simply excited by the domain and will contribute enormously to the organizations they serve.
Myth3: Doing a business doesn’t require an MBA degree!
This is akin to saying reach a destination without directions, a map or a plan! A business, whether inherited or initiated, is not only a labor of love but also involves a lot of money, man hours and often a lot of people’s livelihoods. While starting and operating a business does involve taking risks, it definitely is not a Don Quixotic dash into the windmills!
The reason several first-time entrepreneurial ventures lose steam is because of a lack of
Planning, and most importantly
Recent years have seen a steep rise in the number of students opting for entrepreneurship as a specialization. It makes complete sense since the world of business has changed and is continuing to change at a rapid pace. Lead times have shortened and consumer loyalty is hard to earn; markets are flooded with competition and product life cycles have become really short. Management aspirants all over the world have a deep understanding of the need for competencies that, when combined with the creativity and individual agency, result in a professional who can successfully lead teams and organizations to success.
SCMS Journal of Indian Management gets internationally applauded by Universal Group of Quality Research
The much talked about SCMS Journal of Indian Management, published by SCMS Cochin School of Business, recently did wonders to its reputation by winning International recognition. What’s impressive is that the recognition came from the renowned Universal Group of Quality Research (UGQR), Paris and the Official Team for Impact Factor Evaluation. Interestingly, the journal from SCMS Cochin is the first one from the state of Kerala to win such a prestigious accolade, which makes the achievement truly special.
Universal Group of Quality Research receives several requests for Journal Impact Factor from all over the world, but only a chosen few are awarded the honour. SCMS Journal of Indian Management (P-ISSN: 0973-316) was one of the select few and was attributed an Impact Factor of 1.10. Thus, it joined an elite group of journals from the fields of Social Sciences, Management, Biosciences, Pharmacy, Applied Science and Engineering, and Languages to win this recognition for the published work.
While the institute works consistently towards creating future professionals and leaders in the world of management, it also focuses on their overall development as individuals. Moreover, it focusses on research, both for its faculty members and students, and the Journal that it publishes stands testimony to that. The journal edited by Dr. D. Radhakrishnan Nair is highly respected in the industry and academia alike in India. With this much deserved International recognition, it has taken things a notch higher.
One of the important elements of this recognition is that it has been included in Cabell’s Directory (US), EBSCO, PROQUEST, and Ulrich’s for the last seven years. The Impact Factor can thus be used by the organization and it will be monitored by The Indian National Centre. But for now, it’s time for SCMS Cochin and everyone involved with the journal to rejoice and bask in the glory of this prestigious honour.
For decades, top management campuses have been a male bastion, not only in India but the world over
The trend, however, is changing. Several Ivy League institutes have achieved the magic number of 50% in gender equality. While the efforts have included initiatives like more marks for women candidates, the environment has itself corrected this gender disparity with emerging facts like:
Female managers have higher levels of personal engagement at work. Women are more emotionally committed to an organization, and are therefore more motivated and more productive. They eventually contribute more to an organization’s success. More importantly, a committed manager motivates the team she leads towards a better performance.
Women managers are more likely to encourage team development, which can lead to a more committed and motivated employee.
Female managers are also better at communication and are more likely to build feedback in their regular interactions with employees, helping them achieve their developmental goals.
Women managers are also more inclined towards recognizing an employee for a job well done. This achieves the dual goal of motivating the employee and creating a healthy competition within the team.
Women managers are proving themselves better than their male counterparts in terms of interpersonal communication, employee development and motivation, and maintaining a positive environment. More and more organizations are hiring women today, and the glass ceiling to the upper echelons is crumbling.
Today are sensitive to gender inequality. On one hand, women are being encouraged to opt for a management education; on the other hand, every effort is being made to ensure that women enrolled for the program not only equip themselves with the managerial competencies but also with the confidence and attitude to break through the hitherto primarily male domain. Women should look at an MBA degree as more than a qualification – today, it is fast becoming a preparatory exercise in forging their way in the world of business. Some of the changes a woman management aspirant may look forward to are:
The fiercely competitive business school environment teaches a woman to speak up, defend her position and, most importantly, how to handle pressure when challenged.
Women are naturally inclined and reared to take fewer risks. A business school education helps a woman understand how to mitigate risk; this is important because risk is essential to the growth and success of a business.
Perhaps the most important change in attitude a woman undergoes at business school is moving away from an obsession for small details and, instead, constantly keeping the big picture, overall quality and deliverables in mind. It helps the woman become quicker and more agile, prioritizing the deliverables and therefore improving decision-making skills.
MBA education most definitely makes women number savvy, which is a trait that has contributed to a touch of nervousness in the workplace for women.
Since it will prepare her to bank on herself. Studies also suggest that most women achieved a 55-60% increase in their salaries after an MBA degree. Gender diversity is a top priority for all MBA institutes, making it perhaps a great opportunity for women to consider a management education today. It is an opportunity that should be leveraged in time to take those strides towards women empowerment where it matters the most – in the world of business and money!
Selecting The Best B-Schools In India – A Complete Guide
When it comes to choosing the most beneficial post-graduate course, most people in India opt for an MBA qualification. With the huge demand for MBA professionals in business organizations, it is not surprising that more than 3000 schools are offering various forms of this education program across the country. Sadly, only a small percentage of these B-Schools are able to offer the level and quality of education that meets international standards and creates true professionals out of naïve students.
Given the huge number of B-Schools, it is definitely not easy for the aspiring students to identify the best ones simply on the basis of tall claims made by each one of them. In fact, students need to conduct an in-depth analysis of the various factors that are essential for making a B-School truly worthwhile. Once they become aware of these factors, students can compare them with similar aspects offered by other institutions and shortlist the ones that meet their aspirations and expectations in a realistic manner. This ensures that the students make an informed decision and end up choosing a good institution that enhances their future career and growth opportunities.
We understand that carrying out the aforementioned activities takes valuable time and effort on the part of the students. This in turn can hamper their studies for the qualifying exams that most B-Schools conduct to ensure that they enroll only the most suitable candidates. To make the process easy by annually compiling a list of the best B-Schools across India, which are further categorized according to the type of courses they offer. The list is compiled by professional experts after months of research and analysis of the various B-Schools across the country.
Discussed below are the various factors that we consider for grading the B-Schools in India.
Quality Of Placement
Even though most B-Schools offer placement services to their students, it the types of organizations where they help to place the students that essentially matters. Most students would love to enroll in an institution which is renowned for placing students in companies that not only offer a good salary package but ample opportunities for professional as well as personal growth. This is quite expected in the modern times when financial stability and success is considered to an evaluation of the capability and skills of an individual.
Many B-Schools, being aware of the significance of good quality placement services, tend to make tall claims about the average salary packages their students get. However, rather than taking these figures at face value it is important to ascertain their authenticity. Even if the figures are correct, they might be a combination of the various allowances, bonuses and other add-ons that the candidates might be getting.
In view of the above facts it is advisable to learn about the mean salaries that candidates placed by a specific B-School are drawing, rather than their average salaries. In addition, the students should also check the list of the companies offering placement to the students of the institute to gain information about the type of organization that favor the institute. This gives the aspiring students a better idea of the quality of placement being provided by the institution and helps them to decide accordingly.
Expertise Of Faculty
The experience and knowledge of the faculty teaching at a B-School, plays a critical role in shaping the future of the students. That is why most top-ranked B-Schools do not leave any stone unturned to hire the best professional trainers in this field. They even offer a perfect mix of full-time and part-time faculty members, so that the students can get reliable advice and guidance about specific topics at almost any time.
The full time faculty is generally responsible for offering constant guidance over the two-years of program duration. They also monitor the progress of students and point them in the right direction whenever they feel the need for the same. The part-time faculty offers a more practical view of the program and help the students understands the various aspects of working in their chosen fields and gaining access to real time projects.
Type Of Students Enrolled
Another major factor that helps students understand the standard of a B-School is the type of students it grants admission to. A major part of the learning in B-Schools happens outside the classroom through students interacting with their peers. Students mostly gain greater knowledge by interacting with their colleagues in assignments, group discussions and other such group activities. As such the level of knowledge and intelligence of students being enrolled by the institution plays a critical role in enhancing its standard.
In order to provide a better learning experience for the students, most top ranked B-Schools follow a rigorous admission process. They choose only the most deserving candidates based on not only percentile/score cut off in the written entrance tests, but also the performance of the candidates in the group discussion/essay writing/interview rounds that follow the test. Learning the details of these entry criteria helps the students to understand the level of candidates that can gain admission in the institute, which in turn is a direct indicator of its standard.
State Of infrastructure
Having the right kind of infrastructure is essential to provide a great learning experience to the students. This is one of the major reasons that lead the top ranking B-Schools to invest a large chunk of their budget in creating the proper infrastructure. These institutes make constant efforts to provide spacious and well furnished classrooms with audio-visual aids, well-equipped computer labs featuring latest technologies and high speed internet connectivity, and of course a well-stocked library that is regularly updated with latest books and has subscriptions of almost all renowned management journals.
The top B-Schools also support a full-residential program to enable students to learn without any restrictions of time. This not only helps in ensuring the all-round development of the students through free interaction with peers and teachers, but also creates a better learning ambience which offers much better results than the traditional day-scholar program.
Good Will Of The Institution
Aspiring candidates also need to pay attention to whether or not a B-School enjoys a positive reputation within the student community. In addition, the good will of the institute within the industry circles also plays a vital role in determining its standard. Even though B-Schools that have been running for years tend to have a better reputation than those that are fairly new, this statement does not affect the general grading procedure. This is because while an older institute might help in setting up a new institute it might not actually have much control over the operating aspects of the new B-Schools.
The significance of Brand-image of a B-School can be ascertained by the fact that it helps the candidates to be interviewed by the appropriate business organizations and also open the gates for countless opportunities of career growth in the long term. In fact, the power of the brand image of a top ranked B-School works its magic even years after the students have graduated from the institute.
Just like enrolling good students forms the key to ensuring better rankings for B-Shools, getting admission in top ranked institutions paves the way for a successful and satisfying career for most students. That is perhaps why, when an established B-School opens a new campus at a new location, it naturally performs well as compared to an institution that starts from scratch. Just the name of renowned institutions offers a kind of assurance for the students as well as the faculty about the high standard of education and the consequent professional success.
Location Of The Institution
Most students do not give much thought to where a B-School is located even though it is an extremely important factor to consider. B-Schools located in the vicinity of business and industry centers offer various benefits over the ones located at far off places. The most important of these is that students are able to remain abreast of the latest industry and business trends, which can prove extremely critical for their learning.
Another important benefit of a strategic location is that the students generally get better placement options. This is because the companies prefer to recruit the MBA graduates from an institute located in the vicinity of their headquarters rather than send over a team to choose students from a B-School located a considerable distance away. In addition, being located in the neighborhood of a business and industry centre makes the B-Schools more attractive for the expert faculty and even students. However, the location factor does not really affect the topmost B-Schools, even though they play a critical role in case of institutes that have a lower ranking.
Cost Of Program
The overall cost of earning an MBA qualification from a renowned B-School is also one of the most important factors to consider. With institutes offering MBA programs, mushrooming across the country, much concern has been expressed about the sharp hike in fee of the institutions that fall outside the list of top 50 B-Schools. The fact, that most of these institutions are not able to offer their students a reasonable return on investment in the form of program costs, through proper placement, has also not gone unnoticed.
However, the course costs do not make much of a difference for the top 50 B-Schools. This is because students can easily avail loan facilities readily offered by various financial institutions for getting education in these institutions. Moreover, with the high quality placement facilities offered by these top ranking institutions, the students are assured of their ability to pay back the loan amount in time. Most banks even offer collateral free and low interest loans to students enrolling with a top ranked institute, even though the condition tends to change with the decreasing ranking of the B-Schools.
Categorization Procedure Adopted By T.I.M.E
We at T.I.M.E. follow a well defined strategy consisting of multiple steps for categorizing the various B-Schools in India. We give appropriate credence to not only the publicly available information about an institute, but also the professional view of our experts. With this perfect combination of expert opinion and tangible data, we are able to categorize the different institutions in an accurate manner.
The tangible factors that we consider for categorizations purposes includes
Cut-off score in entrance test
Duration of existence
The rating is assigned by our in-house experts based on the subjective assessment of the following factors.
The brand image of the B-School
The alumni base of the institution
The strength of its faculty
Here it is important to mention that only B-Schools offering two-years programs and with at least one batch having already graduated, are considered for the ranking process. The institutes are then broadly divided into seven main categories discussed below.
The Top 10 category consists of institutes that are at par with the best B-Schools across the globe. These generally include the older IIMs, which is dream education destination of every aspiring MBA candidate. With a 100% placement record, these institutes provide a life altering experience for even those students who do not meet their general standard of academic excellence, but still manage to get good jobs.
The AAA category features B-Schools that are excellent in their own way but do not quite match up the international standards. These institutions not only offer high quality management education to the students but also have state-of-art infrastructure facilities and boast of expert faculty. These institutions also enjoy an almost 100% placement record, with a significant number of students from these institutions getting the similar placement positions as those of the Top 10 institutes.
AA, A and BBB category comprises of institutions that despite offering high quality education, expert faculty and fairly good infrastructure are not comparable with the B-Schools from the first two categories. These institutions are generally capable of offering high quality placement for only their top ranking students possessing effective communication skills. Sadly they might not be able to ensure 100% placement for all their students.
The final two categories of BB and B comprise of institutions that enjoy a good reputation within a local setup. Although these institutions are rarely able to place their students in national level organizations, they surely enjoy a successful placement record with leading local business establishments.
In addition to the above mentioned seven categories, we also have an “Others” category, that comprises of B-Schools, lacking in one or more of the following basic factors.
It is important to mention here, that even though these B-Schools do not feature in any of our seven main categories, they are definitely better ranked than the countless other institutes that we have not deemed fit to be categorized at all.
Students also need to understand that while the ranking of an institution is of great significance, it is their overall academic performance on campus, that actually helping them to get a good return on their investment of time and money in an MBA program. So even if candidates are enrolled in a School with a lower ranking, they can enhance their chances of getting better placement and career opportunities by working really hard to attain academic excellence.
Benefits Of This Categorization
This categorization works as a reliable guide to help you as an aspiring MBA candidate in finding the most appropriate set of B-Schools to apply to. In addition it also provides answer to the most important question of the number of schools you should apply to, based on the following factors.
Budget: Applying to any decent B-School can cost anywhere between Rs. 500 to Rs. 2500. As such your budget limit plays a vital role in determining the number of institutes that you can apply to.
Current Occupation: Your present occupation plays a vital role in deciding the number of institutes you apply to. If you are final year student or recently employed working professional, you can apply to only a select few institutions of your choice and try again if you fail to get admission. However, if you have already graduated and are currently unemployed or have been working for a few years, you might like to apply to a greater number of institutions to enhance your chances of getting an admission.
Entrance Exam Performance: Your performance in the entrance examination plays a vital role in deciding about the number of institutions that you should apply to. If you have not scored too well, you might want to apply to a greater number of institutions for increasing your chances of getting admission.
Once the number of schools to be applied to has been decided, you need to shortlist the individual B-Schools you would be applying to. It is highly advisable to apply to schools across diverse categories, focusing more on institutes in categories where you are likely to get acceptance calls, and choose the best one based on the responses received.
Given below is a list of the B-School that categorized in accordance with the above mentioned guidelines.
INDIA’S TOP 150 B-SCHOOLS(all lists in alphabetical order)
It’s not uncommon to find young students in the country
Being completely aware of what they want out of their future careers. Those who have appeared for their graduation exams understand the importance of doing their management programs to boost their career prospects. On the other hand there are working professionals who might have realized at some point in their careers that they have been looking for something different. Doing their MBA In Cochin or other parts of the country can enable them to steer their careers in the direction they would like them to have.
After all, a Full Time PGDM is often considered a ticket to high profile career. You might have heard of several students who have studied from the top colleges in the country and won placements with big names in the business. There are other management students who have gone on to take matters in their own hands and turned entrepreneurs. Thanks to the backing, support and the platform created for them by their institutes they have become job makers rather than job seekers. Whatever your aspirations behind completing your PGDM might be, you also need to understand the importance of choosing between different specializations out there today.
Management specializations and their huge significance
Of course doing a general MBA can still give you a step up in your career. What’s more you will know more about different streams of management and give yourself the right credentials to be picked by the big corporate companies. But then getting your degree from Top MBA Colleges In India is extremely crucial for various reasons, including the kind of placements you are going to get.
Getting a specialized PGDM on the other hand can be just what the doctor ordered for your future career. That’s because a large number of companies are looking to hire management professionals with credentials in specific fields. So with your specialization in Finance, Marketing, Operations, Systems Management etc you will be able to position yourself for specific jobs in the market.
Choosing the right specialization also gives you an opportunity to pursue your specific interests. For example if you are keen on number crunching then Finance might be the right beat for you or if you are all about people you might want to consider Human Resources for your specialization. With these particular specializations you not only enhance your earning but present yourself as an expert in the future.
Hence it’s not difficult to understand the importance of choosing your specialization carefully when opting for your program. Ideally it should be a combination of your interests and market trends, which drives your decision. You also need to pay attention to the curriculum offered by an institute, whether it has dual specializations, options to choose different electives etc before making up your mind.
Hence when you are looking for the best college to do your PGDM from also focus on specialization you want to get.
All management aspirants understand the importance of following a reputable MBA program
That can help them reach their goals. The million dollar question is not whether one should do a PGDM to make the right moves towards their future careers – that’s a given. The all-important question is: When is the right time for you to enroll with a program that can give you the cutting edge advantage? You might have narrowed down your choice to the Best MBA College in Bangalore, but is it time yet for you to take the plunge?
There are many who believe that the best time to do your PGDM is right after you complete your Bachelor’s degree. You might have just done your B. Tech or gotten a degree from any other stream for that matter, and it’s believed that doing your management program immediately can help you immensely. However, that’s not always the case; in fact, there are several professionals who have gathered substantial work experience before opting for their chosen management programs. They have made the move at the right time and reaped the benefits for it as well.
So, if you are looking for the Best College in Pune, Bangalore or anywhere else in the country, ask yourself: are you ready to commit to the program? Consider the reasons for doing a management degree after gathering work experience before making your decision:
There is a belief amongst experts that the best time to follow a management program is after 3 to 4 years of work experience. Not only are candidates in a secure place financially, but they have also gained confidence and skills over time. Hence, they are in a better position to take on the challenges of the course they opt for.
One of the major advantages of doing your management program after gaining work experience is that you find it easier to relate to different concepts like organization management, leadership, change management and more. Thus, you will have a natural advantage over classmates who have no past work experience.
Your experience in the professional sphere will also come in handy when it comes to tackling different assignments, case studies, etc. These are an integral part of your program. Since you probably would have already dealt with some of these situations, you will be able to offer quick solutions for them and it will help your grades.
Doing your management program from the Best MBA College in Bangalore or other parts of the country can be the right move for professionals who are looking to move to leadership roles in their careers. You might be feeling stagnated in your workplace or think it’s time to up your game – if it is the latter, you can do that by going for your management program.
A smart strategy for working professionals is to use the first couple of years of their career to not only gain experience, but to prepare for their MBA too.
Thus, you can make your work experience count in more ways than one.
Today, most experts in the world of education agree that earning
An MBA might be the best thing you can do for your career. That’s why it’s not surprising to see many doctors and engineers in the country entering management programs at reputable B School across the country. Getting your degree from the Best MBA College in Bangalore or other major education centers can ensure that you are getting a holistic learning experience. But is that enough to make sure you work towards your dream career? Not necessarily, especially in present times where MBA specializations are gaining a huge significance and are also being looked at closely by employers.
MBA specializations have been around for a long time; and, according to experts, they are gaining in prominence again. That is primarily because the industry is getting very particular about its requirements and wants professionals who have specializations in specific fields. There are several streams of an MBA path, including Finance, Marketing, Human Resources, International Business and more that have traditionally been considered strong. With the increased fluidity in various industries, there are newer and more flexible options that are available to management aspirants today.
Importance of MBA specializations for future professionals
At the end of the day you are pursuing a management program to boost your employability. Therefore, it is important to understand what corporations and business are looking for and put yourself in the best possible position to be hired. Today, organizations are looking for management professionals with specific specializations – having one can boost your chances of being recruited by the firms on your wish list.
Getting a specialization from the Best College in Pune or other parts of the country could also mean you are presenting yourself as an expert in a specific field. It will be your area of interest and your passion that will reflect in the future career decisions you make. The specialization will further enhance your skills and give you the right platform to showcase your skills and talent.
You will also be pleased to find that given this trend in the world of management, some B Schools are offering dual specializations to students. It can be the right option for those who want to keep their future career options open, while getting a wider knowledge base. They can do that easily by choosing different electives for their PGDM program.
Choosing the right MBA specialization
That wouldn’t be such a task if you realized that no matter what option you choose, you will have to work hard and focus on being a dedicated student. It also helps to not be swayed by the market scenario and to follow your passion for a particular stream of management. Moreover, you will also have to consider your own personality before making that decision. There’s no point getting into a field that you might not be suited for in the first place.
While choosing your MBA specialization, it is important to have your career goals in mind. All management aspirants often have a fair idea of what they would like to do in their professional careers. The path to meet these goals might seem tricky, but that should not deter you, especially when it comes to choosing the specialization that can have a long-term impact on your career.
Your due diligence while choosing the specialization is crucial. It is a good idea to look at the different programs that are out there, and to research colleges that offer dual specializations or the option of choosing electives that will enhance your learning experience and future prospects.
MBA specializations are definitely making their presence felt in the market today. And, due to changing trends in the business world, it looks like they are here to stay.