By Somali K Chakrabarti
MBA has been a popular option for many fresh graduates as well as for working professionals, who aspire to move to management positions in their career.
While it is often looked upon as a prestige tag or a ticket for professional success, what generally goes unstated is that MBA gives students a chance to reflect upon their working style, develop an appreciation for all business functions, learn how to work together as a team, hone their management and interpersonal skills, and develop networks for life. Unlike other Masters programmes which provide specialization in a specific field, an MBA is an interdisciplinary study that draws from the fields of psychology, sociology, economics, accounting and finance, to give an overall perspective of business to the participants of the program.
A few factors that aspirants consider while making the choice of a B School are:
Programme & Faculty
The programme should offer exposure to the best and current business practice and research. In a fast changing business environment, the curriculum needs to be updated regularly and faculty need to be abreast of the latest developments in different markets. Good infrastructure is needed to support the learning.
For businesses that have presence in different geographies or have direct business links with companies in other countries, the employees need to be sensitized with the business cultures and practices in other countries. A B- School that offers a global exposure gears up the participants to work and collaborate in a multicultural business environment.
Even if a business has no direct links with business in another country, it still gets impacted by any changes to the global economy. As such people working in those organizations need to understand the economy and its impact on business at a macroscopic level.
Last, but a very important point is that the participants should find placements commensurate with the fee charged.
While earlier, students from all over the world would make a beeline for the B-Schools in the US, fortunately that’s no longer the situation. A number of B Schools have come up in different parts of the world that offer a well-rounded management education and placement opportunities in their respective markets.
In India itself, the number of B schools in India now exceeds 4500. However, that creates a problem of plenty, particularly during a periods of economic stagnation, when MBA Job opportunities decline. In the past few years, the lack of MBA jobs have forced many B-Schools in India to shut shop. Hence, it becomes very important to select a B School of credibility and repute. That is where the rankings of the B Schools come into picture.
SP Jain School of Global Management, an Australian business school of Indian origin, is a relatively young institution, which was founded in 2004, and appeared in the FT Rankings in Top 100 Global MBA in 2011- 12. Since then, it has featured consistently in the Top rankings of Forbes and Economist, and has made its way to the TOP 10 ranking by Forbes for Best International MBAs: One-Year Program (2015-16), and to the TOP 100 ranking by Economist (2015).
With a global learning model, taught by International faculty from top universities like Harvard, Oxford, Cambridge and Duke, SP Jain School of Global Management has carved a niche for itself as a young, modern and innovative business school the offers world-class business education.
What particularly stands out is the tri-city model for undergraduate and postgraduate business program that offer students the unique benefit of studying in three world-class cities campuses in Sydney, Dubai, Mumbai and Singapore. This ensures that the students are well equipped with the skills for working in a diverse and multicultural global environment.
On successful completion of the program, students are conferred with an Australian degree, by the institute, which is accredited by the Tertiary Education Quality and Standards Agency (TEQSA), Australia. As SP Jain is licensed by the Knowledge and Human Development Authority (KHDA), Government of Dubai, U.A.E. the academic qualifications are recognized by all public and private entities in ÚAE for all purposes.
Accreditation by Alliance on Business Education and Scholarship for Tomorrow, Japan. (ABEST21), promoted by Ministry of Education, Japan for its Global MBA program, speaks for its quality.
One factor that I would like to stress upon here is that while selecting a B School, you should keep in mind the geography in which you desire to work after the completion of the program, and the ease of obtaining a work Visa for that country. Pursuing an MBA in the geography in which you want to work gives better visibility to the market and recruitment scenario.
A MBA from an institute of repute surely provides you with a holistic perspective, and prepares you with the skills for taking up higher responsibilities. If you are contemplating an MBA abroad, SP Jain School of Global Management is an Institution worth considering.
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