The document provides information about MBA degrees and business schools. It discusses what an MBA is, the origins of MBAs and business schools in India and other countries. It offers advice on factors to consider before pursuing an MBA such as motivations, course types, specializations and how to select a management institute. The document also provides details on admission criteria and entrance exams for top B-schools in India as well as information on program fees, rankings and accreditation.

1. Compiled by AQME (Association for Quality in Management Education) Before Joining MBA What You Should Know?

2. We welcomeyou to ...

4. It is all about understanding the each and every aspect of business dynamics.

7. The first business school in the United States, the Wharton School of the University of Pennsylvania, was founded in 1881.

9. What motivates you to do MBA? Improve Career Prospects Learn new skills Build professional network Career change Better pay Upgrade educational qualifications Start own business

11. Part Time, Week end and On line Programmes

12. Distance Learning / Open University courses

14. Maximum jobs opportunities are in Marketing (70%) followed by Core Finance and HR(each 10%), rest by all other specializations.

15. Dual & Twin specializations have no added advantage.

16. At all costs, avoid new specializations in low budget courses of universities and its affiliated institutes (good faculty is problem).

17. For specialized courses select ‘specialized’ institutes. For ‘Foreign Trade’ - IIFT (http://www.iift.edu), for ‘Rural Management” – IRMA (https://www.irma.ac.in/) and so on.............

19. Why - Why you want to do MBA – for getting good job , starting your own company as an entrepreneur or getting one more degree?

20. Where - Where can you afford to do MBA – Foreign Country, any reputed institute in India or any institute with low budget ?

21. When - When you want to do MBA – Just after graduation, after getting 4 -5 years experience, or along with your job?

22. How - How will you pay back your fees and ROI for the same?

24. Ranking of B Schools International Rankings by Bloomberg Businessweek, US News & World Report, Eduniversal , The Economist and FT.com Eduniversal has started ranking B Schools in India (http://www.eduniversal-ranking.com). D & B is also giving the listing of all B Schools in India and related interviews (http://www.dnb.co.in/IndiasLeadingBusinessSchool/) Rankings by various agencies in India are authentic and genuine at least up to first 10 or 20 ranks, but beyond that could be manipulated to favour the institutes which advertise or financially support them.

26. How good is your academic performance in 10th, 12th and graduate examinations? Good academic records help in getting good jobs.

27. Have you got the basic knowledge of maths of 10th std. level to understand Managerial Economics, Accounting and Quantitative Techniques during MBA programmers? This is required for all specializations.

28. How good are you in English Communication (both written & spoken) ?

29. Are you good in Extracurricular activities like public speaking, debate etc?

30. Can you work hard? Business school is an intense 16-hour-a-day kind of place. After classes you need to study minimum 6 to 8 hours a day for two years.

31. Have you got 2 to 3 years quality experience before taking up MBA ?

32. Have you consulted any reputed coaching centre, students of good B School s or any subject expert for complete information on MBA admissions?

33. Have you necessary skills and proper attitude to do MBA? Please check the famous article ‘22 qualities that make a good B-school candidate’ of Business Week - Excerpted from the book MBA Admissions Strategy by author A. V. Gordon published by McGraw-Hill – http://www.businessweek.com/bschools/mbapremium/nov2005/bs20051111_2994.htm

35. Section II: Logical Data Interpretation

37. Section II: Mathematical Skills

38. Section III: Data Analysis and Sufficiency

39. Section IV: Intelligence and Critical Reasoning

41. Section II: Quantitative Ability

43. 22 Qualities that make a good B-school candidate (Excerpted from the new book, “MBA Admissions Strategy” by author A.V. Gordon published by McGraw-Hill)

45. Most of MBA students at present get the job based on their Graduate degrees alone and there is no value addition on doing MBA. Please check that the institute you intend to join should have such programmes to give value addition over the existing graduate degree and experience .

46. Finishing School Concept (‘Industry Ready’ programmes) gives value addition in normal B Schools for better placement.

47. Brand Image (‘Industry Acceptance’) of the institute brings good companies for campus selection. Please check the details of previous selections including nature of jobs with its future prospects

49. Basic requirement for Research / Doctoral studies

50. Needed for Foreign studies and Job opportunities

51. Any degree that is not from UGC approved university is ‘illegal ‘

53. Some of the Unapproved Institutions Running MBA Programmes With Foreign Collaboration without AICTE Approval (http://www.aicte-india.org/unoreigninstitutions.htm) are able to place their students in reputed MNCs and International organisations at very high salary. But the same is not true for all.

55. 100% Job Guaranteed with Average Salary of Rs 8 Lakhs and above, Foreign Jobs to all (more than even IIMs) – Check their placement letters that could be fake also.

56. Direct / Spot admission, Scholarship to all , offer of discount in fees etc.

57. Latest subjects without proper faculty (hospital, retail, entrepreneurship, foreign trade etc.), dual specializations in almost all latest & attractive combinations

58. Compare themselves with IIMs or foreign B Schools established 50 -100 years back

59. Ultra Modern Infrastructure, swimming pool, Wi - fi Campus, laptop etc.

60. AICTE / UGC Approval for only publicity purpose and not for quality programmes

61. Foreign tour as a tourist or collaboration / student exchange with tier 3 universities

62. International class brochures and websites

63. Doctorate (PhDs) in irrelevant fields or subjects

64. Amongst top 20 B - Schools of country & A++++… Ranking of their own

66. Unsuccessful Business Executives (To get undue mileage from their previous qualifications and posts held)

69. Commercialization without care & concern for quality of teaching, students’ needs and industry expectations

70. Low quality faculty (doctorates for namesake, author of books & articles surviving on ‘copy and paste’ philosophy, irrelevant industry experience, superficial knowledge of subject and poor delivery & lack of communication skill )

71. Lack of ethics, values and sense of commitment on part of students, faculty & management (e.g. lack of passion for excellence, proper attitude of ‘service before self’)

72. Poor leadership and failure to create proper environment

74. The popular institutes like ISB (Hyderabad), IIMs etc normally charge between Rs 7 Lakhs to Rs 20 Lakhs (New IIMs and management institutes of IITs charge less).

75. FMS Delhi charges very less fees for their high quality education, but most of other institutes approved or run by Govt. Universities charging very low fees are other type of FMS (Factory for Management Studies!) giving very low quality education, without proper faculty, facility and infrastructure.

76. Any private institute charging less than Rs 3 or 4 Lakhs fees may not be in position to impart high standard education.