Choose Your MBA Institute Carefully!
Our son, a commerce graduate, is a final-year MBA student in a private Jalandhar university. He ranks among the top five, but to date, he and several other students have not got a placement offer. His university has a tie-up with a prominient London institute. Can he go for further studies for a career in aviation/marine/oil and gas sectors?
-Bansals
I am sorry to hear of the problems your son is facing with job placements. Career prospects for an MBA student are probably better than for any other field. Most corporate organisations, multinational corporations, foreign banks, foreign financial institutions, and others visit business schools and recruit management graduates. Campus placements and internships are an essential part of any full-time, regular MBA programme. The best way to judge an institute is by looking at the companies that visit it for campus recruitment.
If your son is among the top five in his class but is unable to get a job, I think you should take it up with college authorities. He may go for further studies if he wishes to but for most students, an MBA is the best career enhancement programme. He may consider working towards another MBA degree in a better-rated institute, or try to gain work experience wherever he can manage (in a suitable post).
After an MBA, a student can take up a job with any sector, including aviation, oil and gas etc, particularly in areas related to marketing and finance.
When choosing an MBA institute, it is important to thoroughly study the institute, its faculty, the course structure and the placement record. Before enrolment, you must check with the institute and satisfy yourself about these aspects, especially starting salaries. MBA institutes are rated according to these criteria and campus placements as well as the starting salary package depend on the rating of the institute. Most MBAs from tier-1 and tier-2 institutes look forward to excellent placements and starting salaries of Rs 10 lakh to Rs 15 lakh a year.
Author: Usha Albuquerque (HT Horizons)
Date: 10th March, 2011
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