The popularity of an MBA or Master of Business Administration degree has soared to an all-time high in India and abroad, making it one of the hottest career options for people who have completed their graduation or just in the process of doing so. A post graduate degree in business management from the best MBA colleges in Mumbai or for that any other Indian state could be your golden passport to a high-flying career with some top level corporations in India or anywhere else in the world.
However, before you start dreaming of your personal office and secretary in a modern skyscraper of a Fortune 500 company, it is important remind you that obtaining an MBA degree from a top rated business school is not akin to taking a walk in the park. MBA is a demanding and rigorous program of two years which places heavy demand on your time and resources. Moreover, it has very high entry requirement meaning it is extremely tough to secure admission in a top business school known for its high-end management education which develops competent, capable and internationally oriented managers.
In 2016 alone, more than 3 lakhs sat for different popular management competitive entrance tests like CAT, MAT and XAT. These are the three major entrance tests in India whose scores are accepted by over 90 per cent of business schools in India. Additionally, there are some good management institutes which conduct their own entrance test for admission to their prestigious post-graduate management programs. You have to do exceptionally well in these tests to give yourself a realistic chance of studying in a management institute which possess the requisite expertise and infrastructure to give you a management education considered relevant in the job market.
An MBA is going to cost you both mine and time irrespective of whether you do it from a top ranked institute or a second-string management college. When the time and money involved is more or less the same, it would be gross negligence on your part to choose a bottom rung institute to complete your MBA program. The degree or diploma awarded by a reputable management college is in a sharp contrast to that awarded by an inferior institute. Graduates of top business schools are highly in demand whereas management graduates of inferior management colleges find it extremely tough to find a well-paying job for themselves. The ROI generated by a top rated college is exceptional allowing you to recover your cost of studies within two to three years whereas in absence of a good job, you will find it extremely hard pressed to get rid of your liabilities. Bottom-rung institutes neither have the infrastructure or the faculty to give you a good management education which could help you find your place in the business world. Top class management institutes on the other hand have the facilities and the faculty to enable them impart an in-depth understanding of the business world. An MBA degree in Mumbai from a well-established management institute or for that matter anywhere in India seeks to develop the leadership capabilities of the students by helping students visualise things and talents to give concrete shape to their vision. The knowledge they impart is market relevant and their course structure is prepared keeping the complexities of the modern business world in mind.