Higher education, as of today, has become imperative in securing a well paying job, or even establishing yourself in a competitive environment. Whether you want a steady job or you want to go the entrepreneurial way, higher education, especially in management, go a long way. However, there are more than a couple of points one must keep in mind before taking an admission in Business School. SMS College throws light on a few factors to consider before choosing your Management School for higher business education:
- Course Fee: A lot of business schools across the length and breadth of the country are offering management programs at a hefty cost. But are all of them worth considering? A high tuition fee does not guarantee that the program will be up to the mark.
The course fee becomes extremely important in scenarios where scholarships, loans and other such monetary waivers aren’t involved. The fee for the full program needs to be kept in mind while choosing the College.
- Placement: The College needs to have a proven track record of placements. So, before choosing the B school that you may want to opt for, the student should necessarily consider looking at the placement record of the institute.
Talking to alumni, placements cell of the college, taking help of counsellors will help in a big way to take this decision. A Student must necessarily look at the placement cell of the college as well the organisations coming to the campus to recruit students, before taking this call. SMS College has a 100 per cent record of placement for its graduating class of students. The most recent and prestigious companies on campus have been Mother Dairy and State Bank of India to name a few.
- Return on Investment: The fee paid for the management course vis-à-vis the starting salary offered to the student needs to be commensurate. Paying an obnoxious amount of money to get that college degree and not getting placement in an organisation according to investment do not go down very well in case of students as well their guardians.
Starting salaries in case of campus placements should be respectable enough and going by what industry veterans have to say, “Starting Annual Salary should be able to cover at least 80 per cent of the total course fee”. SMS College has an average starting salary of 7.8 lakhs as of 2016.
- Program Specialisations: The choice of a B school is also dependent upon the course specialisations offered by the institute. The more the number of specialisation offered by a management college, the more the faculty members it needs to have on board.
This way the college is giving choices to its students and bringing itself up to date with the changing trends and interests in the society. Finance, HR and Marketing, have been area specialisation prevalent in most institutes for a long time. The industry is seeing a keen focus on areas like fashion and retail, Luxury marketing as well as social media management.
- Alumni Network – the students passing out of a College, or its alumni, should in some way trigger your decision of joining a specific B school. The alumni of a college give you a fair idea and perspective of the quality of students the college is able to churn out. The sorts of organisation, these students have been a part of; also help you determine your choice for or against the institute of study.