7 Major Factors to Consider Before Choosing a B School

In today’s date and time business studies have become a popular choice for students who are looking to pursue under-graduation and post-graduation. With the boom in the business sector, there has been quite a growth in the job market. There is no shortage of investment for students as management studies not only assures jobs in reputed firms but also an in-depth knowledge of the various functionalities. Therefore, it is of utmost importance that you choose your college or university carefully before enrolling in one.

Significance of choosing the right college

Your college plays an integral part in determining the quality of education you receive. Therefore, choose it carefully. Completing business studies from a reputed college gives you exposure to not only bookish education but all kinds of real-life hacks that one requires to make it big in the business sector. Choosing the right business institution has several benefits:

  • Opportunity for better education
  • Get taught by experienced faculty members
  • Availability of better and updated facilities
  • Better option for holistic development
  • Good job placement

While we all understand the importance of choosing the right college, the question is how to select the right one. When you are looking for colleges, the first and foremost thing to do is to make a list of things that you want in your institution. Once you have determined the points, then research various colleges yourself instead of following your peers. There are several things to consider before enrolling in a B school. Following are the top 7 factors that you must consider before getting admission in any business school in India.

  1. Qualified faculty members: One of the most important things to consider before getting enrolled in a B school is to see whether they have experienced and talented faculty members with a real business background. For a course such as business studies, it is best to be taught by someone who has real experience. Faculty members who have themselves worked in reputed firms will be able to offer much more than academic knowledge. They will know about all the tips and tricks that one must apply while working in business world. They will also have the right connection within the industry that can be used to help students in their career opportunities. Therefore, it is best to get into a college that has very strong faculty team.
  2. Good ranking: One of the best methodologies of choosing the right college is by checking its ranking. An institution with ranking received from a top publication works as a great tool to compare the education quality, alumni, recruiter reputation and several other things. Studying from a college with a good ranking will also help in the long-run as well. It helps create a positive image for business firms and gives you an edge over others
  3. Availability of management programs: The business world is ever-expanding and is therefore not just restricted to a handful of sectors. Make sure that the college you choose offers a variety of majors and subjects in business studies. This will help you to not only learn to specialize in something niche but also makes you unique and therefore improves your chances in the job market. The business market is always in search of people with unique specialization. Having a degree in such subjects can be thoroughly beneficial for you in the future.
  4. Alumni and placements: While your business course educates you about running businesses and gives you ideas of real-life hacks, tricks, and tips for establishing your own, securing a job is also significant. So, when you are looking for taking admission to B-schools, make sure that provides you good on-campus placement opportunities. Though no college promises to offer 100% placement, a college with a decent percentage of placement makes a big difference and improves your chances of getting a job easily.
  5. Infrastructure: In addition to education, infrastructure also plays a major role in the holistic growth of a student. Therefore, when it comes to selecting a college make sure that the institution has adequate infrastructure that will contribute to your growth. A management institution should have a well-stocked library, an updated computer center, sports facilities and a classroom containing all the basic amenities. Besides this, there are several other things one must consider such as availability of hostel, playground, mess, and medical facility.
  6. International exposure: The business world today is not just restricted within the boundary of a certain country. It has expanded globally and therefore it demands professionals who can handle the global market. To be able to cater to this requirement, students also need to have international exposure to understand foreign policies, understand cultural differences and be able to come up with a solution that suits the global market. International exposure such as, an opportunity to study for one or two terms at other international institutions through an exchange program is significant. Through this student will get first-hand experience of professional situations and also required skills to deal with them.
  7. Campus ambience: The campus of your institution plays a major role in building a student’s mental strength and character. Therefore, before joining a college do a thorough research of the college’s history, reputation, and experience of previous students. A healthy campus life will enhance your academic experience, social and professional skills to make a career in the business sector.

The decision of enrolling in an institution is vital and it can impact both personal and professional life. Therefore, it is of utmost importance that the institution you choose has, if not all the factors mentioned, at least some of them. Your business education is not just restricted to the classroom. It is also about learning professional responsibilities, managing teams and projects, and several other things. Enrolling in a good college helps you with acquiring all the skills you need for handling various tasks and handling multiple teams and above all learn the right way to do business.

Best Career Options For Students Pursuing BBA

Most of the students who wish to make a career in the business sector pursue BBA. Bachelor of Business Administration (BBA) is an undergraduate business course offered by colleges and universities. This course introduces students to the various aspects of running an effective business and helps you get an understanding of the basic concepts related to this sector. While you get to learn the primary concepts of the business world in your graduation, you will need a lot more to make a successful career in this field. Therefore, the next right move for you would be to pursue your post-graduation degree in MBA. In MBA, students get to learn about business studies in detail, they get to choose their specialization which can help them in building their career in the long-run. In addition to this, you will also learn the strategic development of ideas and their usage in propagating your business venture. Some of the common topics that will be covered in MBA are:

Marketing
Finance
Human Resources
International Business
Accounting
Business Operations
Retail

Besides this, several other subjects and topics are covered in this business program. Through this business program, they determine their area of specialization and focus on refining their skills in that area. An MBA degree will open up a wide range of career opportunities for you, which might not be possible with BBA degree. Following are some of the career options that you can explore after completing MBA.

  • Start your own business venture: Completing MBA will give you a very strong understanding of the functionality of business and different aspects associated with it. Therefore, once you have completed this program you can start your business venture. Doing this will let you make practical use of all the knowledge that you have acquired during your studies. Besides this, you get to be your boss, get the opportunity to lead a team and use your administrative skills.
  • Take up managerial roles: After MBA, there are many managerial fields that you can fit into, such as :
  • -Marketing Manager
    -Business Consultant
    -Research and Development Manager
    -Finance Manager
    -Human Resource Manager

    You can also apply for jobs in the corporate sectors such as Banks, Education institutes, Multi-national companies, various business financial and marketing organizations and many more. There is no dearth of jobs for a student with a MBA degree. There are innumerable options for you at your disposal.

  • Hotel management: MBA course imparts good knowledge of management and therefore making a career in hotel management can be a good option. From managing finances to handling different teams, a job in the hotel management requires all sorts of managerial skills and a student with an MBA degree can very well step-up to the expectation.
  • Teaching: Getting a job in the education sector is a very good career move for an individual with an MBA degree. As we already know that management courses like MBA is highly in demand, as they are also in need of professionals who know to teach all the technicalities and provide other students the guidance. MBA postgraduates will be capable of conducting classes in finance, economics, and accounting.
  • Chartered Accountant (CA): If finance and accounts interest you then Chartered accountancy is a career option for you after you have completed your MBA Program. After completing this course, you can get a CA degree, after which you will be easily placed in any sought-after multi-national companies.
  • Foreign embassy: This might come as a surprise to students, but several foreign embassies need employees with a management background. Taking up a job in a foreign embassy is not only a highly paid profession but through this, you also get to visit different countries and learn about different cultures. This way along with a job you also get to put the knowledge and education that you have received from your MBA degree to practical use.
  • Financial analyst: A major part of the business is all about finance and marketing. Therefore, this is a perfect job for a person who has MBA degree. From managerial economics to financial management, several related topics are covered in this program, hence, you can easily get this job. In this job profile, you need to use your analytical skills to provide advice to companies to earn the profit.
  • Marketing and sales executive: Sales and marketing is the basic requirement for any business. MBA degree holders can easily get the job done. An executive in sales and marketing is required to come up with different ideas on different kinds of marketing strategies and sales ideas. You are then required to implement them successfully and thus eventually boost profits of the firm.

In the job sector, several companies need employees graduating with a business degree. If you are interested in becoming an expert in a certain section of the business sector then doing your post-graduate in MBA is the best thing to do. Through MBA you get the option to study a section of business studies and become an expert. Gaining your expertise in a niche section can lead to better growth professionally and scope for more learning.

Significance of Business Education In Real Life

Running a business requires a perfect combination of understanding of the market and skill to cater to its requirements. It is popularly believed that business studies are only restricted to those who want to make a career in this field. Most of the students who are looking to associate with multi-national companies or opening a new venture tend to opt for popular business courses such as BBA, PGPM/PGDM/MBA, and similar courses. While these courses largely help students with acquiring the art, skill, and understanding of a business, this knowledge is not completely dedicated to this particular job. The education or the knowledge that one gets from these courses are applicable in any professional field that you want to choose and even in your daily life.

Enrolling in a reputed business institution such as ICFAI Business School, IIMs and NMIMS, etc. not only opens up job opportunities in business sectors but also imparts a perspective that most of the people are not aware of or are not told about in other programs. In the three or two years of the business course that you choose to enroll in, your skill is honed through a series of theoretical education and practical skill.

So, you may ask, why should people with other field of interest acquire business education. The answer to this is that business studies is not all about running a business or creating job opportunity alone for individuals. There are several benefits of business education in real life, following are some of them:

  • Makes you a team player: Irrespective of the profession that you choose, you need to be able to work with your team and cooperate with them. In management studies, one of the basic things that you are taught is to become a team player. For any business to succeed, one needs to be able to get along with everyone, including people’s skills and expertise and deliver your results successfully. The same education can be utilized in other walks of life as well. Be it personal or professional scenario, the ability to bring together people and making optimum utilization of the skill that each of them have to offer is very beneficial and a must-have quality in every individual. Through your business studies, you will be able to have a better understanding of the significance of a team and learn to coordinate with the members efficiently.
  • Take financial decisions: One of the core elements that a student gets to learn in a business program is the management of the finances. While many factors contribute to the success of a business but finances are the foundation on which it stands on. Therefore, it is important to understand how to earn maximum profit, distribution of budget in various projects, human resources, and several other things. It also helps you understand the market from a financial point of view, where to invest, how much to invest and many other crucial things. This knowledge can be implemented in your everyday life and manage your money, which will eventually be beneficial in the long-run. With a formal education in management, you will very well be able to make a good financial decision from something as basic as saving to investing in the right places based on the market condition, which is something that everyone needs to learn in their lives.
  • Inculcate management skills: The business world is all about the correct management of the resources and so is every other sector be it your household or any other job that you take up. Business studies help you with inculcating management skills through effective techniques. Mastering this skill helps you to make proper utilization of the available resources, use them in the right direction and management. Management skill is something that is not merely restricted to a particular profession or organization and therefore it is of extreme importance. By enrolling in a business program, you can become an expert in management which you can implement in every section of your life. The management skill can be used even in the basic situations of your life as well as while taking big decisions.
  • Learn about networking: Both in business and personal affairs networking is essential. Networking is all about reaching out to like-minded people and peers who not only help you with their resources but also by mentoring and guiding you in your field and journey to your goal. Getting in contact with the right people and associating with them can help you in several ways such as getting resources, developing ideas and get aid in finances. All the skills of networking can be learned in detail in business studies which you can utilize in several other manners and throughout your career in the respective fields.
  • There are several other benefits of business studies, some of them being marketing, sales, human resources and many more. These factors may seem to be only part of a business organization and the world of entrepreneurs but you can use the skill in your everyday life.

ICFAI Business School IBS is the Biggest Winner in Case Method ‘Oscars’ 2019

ICFAI Business School (IBS), Hyderabad won a whopping three awards in the 29th year of UK based The Case Centre’s Award and Competition. These annual awards are widely hailed as the case method community’s Oscars andcelebrate worldwide excellence in case teaching and writing.

Mr. Richard McCracken, Director of The Case Centre said, “ICFAI Business School (IBS) are the most successful school in our Awards and Competitions 2019, winning three out of 16 categories. This outstanding achievement highlights the school’s dedication to producing high-quality, topical, innovative classroom materials that are used in business schools worldwide. We are proud that our annual case ‘Oscars’ shine a light on these impactful achievements.”

Harvard Business School, with two awards, is the next most successful institution, while other institutions with one award each include Stanford, INSEAD, IMD, Cornell, Oxford, Kellogg, Columbia, ESCP Europe, etc.

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How to Prepare for Business School Interviews?

Clearing a management entrance examination is a great feat and millions of students all over the world hope to achieve this. The competition is very tough and it really takes a lot of effort and preparation to make the cut for the leading business schools in India. A lot of students unfortunately believe that the entrance examination is the only crucial step in the selection process and just because they have secured a good rank, they will get admitted in the B school of their choice. This is not true at all and the students who slack off after their entrance exam results may jeopardize their good rank during the entrance examination. After clearing off the entrance examination, the next step in the selection process is usually the Personal Interview. With the Personal Interview, the students can congratulate themselves and be assured that they are moving forward their candidature towards admission in the business school of their choice.

The Personal Interview at a business school entrance is a very common practice by the business schools to gather more insights about their prospective students. With the Personal Interview the business schools measure the student’s fitment in the business school and determine if the student can proceed in the admission process. The interview is a terrific opportunity for the students to make a good impression and convince the B school of their ambition, determination, drive and confidence. There are many reasons for the business school to conduct an interview, such as:

  • A useful screening process to determine the strengths of the candidates
  • Gathering more information about the candidate
  • Take a decision on borderline cases
  • Set mutual expectations about the process forward

There are some specific steps that you can take to perform better in this crucial stage of the admission process. Read the below points to get a few ideas that can turn your interview into a success.

  • Do the research: Look out to gather more information about the business school selection criteria. This will come in handy since every business school has a different identity and selection process. You would like to know if there are any other rounds that are likely to be conducted at the B-school. For example, it is often a widespread practice for the business schools to club exercises such as group discussion to the personal interview process as a method of evaluation and elimination. Some other methods of evaluating a candidate may include simulations, role plays, case studies and extempore. These methods get the B school additional information about the candidates so that they can make their decision.
  • Prepare for the likely questions: The next thing to work upon in the interview preparation would be an extensive list of likely questions that are likely to spring out. Preparing for these questions help you gain the much-required confidence as well as give you clarity of thought during the interview. Frequent questions for the personal interview include:
    • Tell me/us something about yourself?
    • Why do you want to do an MBA?
    • What are you expecting to gain in your tenure at this business school?
    • What made you choose this business school instead of another one?
    • What makes you a suitable candidate to be accepted in this management education?
    • Tell me/us about your weaknesses/development areas?
  • Dress and act professionally: Do take care in dressing up in a suit or a formal shirt and a trouser. This helps you in nailing your first impression and helping you put your best foot forward. You would like to portray yourself as confident, smart and in-control. Do not forget to polish your shoes and wear a mild perfume. Apart from dressing right, it is also imperative that you act in a professional way. Do try to reach the venue well in advance with at least 30 minutes at hand to give yourself time to settle down before you go in. Do maintain good eye contact and smile appropriately throughout the interview since it is a clear sign of confidence.
  • Practice throughout: Once you have everything that you could think of written down on a piece of paper and the clothes ironed and ready, you need to bring yourself to be comfortable in your own skin. For this, the best technique is to practice and appear in mock interviews. The mock interviews can be conducted by your peers and family members but it does make a difference to have someone experienced interview you. This helps in getting the right kind of feedback which you can integrate to make your performance truly impressive. Go over the details mentioned in your CV minutely and try to anticipate the most relevant part that can give rise to challenges as well as winning points.

Keeping in mind these points, the students can prepare to get in the most prestigious and top business schools in India such as IIMs, XLRI, SPJIMR, IMT Ghaziabad, ICFAI Business School etc. Since this is something at which you only get one chance to succeed, prepare well and give it your best shot.

Redefine your Career through Management Education

Management education has become a highly desirable field in the modern times, not only for the students who are fresh out of colleges, but also for professionals who are aiming to add value to their careers. The charm of management education relies in the fact that the management education does not apply to only one type of career once they have completed the course. Also, a wide variety of fresher’s and seasoned professionals from diverse backgrounds are welcome to the management education where they are upskilled on a variety of areas to create a set of well-rounded transferable skills.

Although many of the students who join the full-time management education are fresher’s, many professionals also join these courses to redefine their management careers. There are many reasons because of which a tenured professional may be pulled to pursue an MBA, a PGDM, a PGPM or any other course. Some of these reasons are listed below:

  • Career stagnation with limited opportunity for growth: A lot of times, a professional realizes that he or she is being passed over for promotions and he is not considered to be able to handle a senior profile. This perception may be formed because the said professional does not possess the right qualification. This can cause a feeling of frustration and helplessness for the individual leading him or her to become dissatisfied from the current job and organization. This can easily be fixed by going for a management education course which can create movement in the career by broadening the person’s skillset and open new windows of opportunity. To make the most of it, the individual is advised to undergo a full-time, regular or executive management course of one or two years in a related or same field (such as Marketing, Operations, Human Resources Management etc.) Staying in the same or a related field helps the individual leverage the work experience accumulated before the management course.
  • Moving into a field with better prospects, and alignment with interests and strengths: One of the major benefits of management education is the heightened awareness that the management course creates within the students. The management education is very much intertwined with the business world and therefore it helps the students get a greater understanding of the business world and organizations. The students also build powerful networks which can help him or her maneuver their career to a direction that he or she wants. For this purpose, it is recommended that he or she goes through a full time MBA course from a leading business school of India or abroad. There are many competitive examinations that they can prepare for such as CAT, XAT, GMAT, NMAT by GMAC, SNAP, IBSAT etc.
  • Acquiring skills that are required for future leadership positions and assignments: It is not a secret that the business schools put a lot of emphasis on building the soft skills and leadership competencies in their students. This is especially true for the top B Schools in India such as IIMs, XLRI, S P Jain Institute, Symbiosis, IMT Ghaziabad, MDI Gurgaon, FMS Delhi and ICFAI Business School. These institutions have different focus areas and they approach the curriculum in a way that builds real life business skills. For example, the case based learning method used at the ICFAI Business School is very effective for the students to understand the pragmatic aspects of the real-life business situation. This is driven in the classroom through discussion and various facets of the case are exposed which puts the students in a decision-making situation, developing it in turn.
  • Adding credibility to the resume due to unsteady existing career: A lot of times an individual has the skills and the intellect for the job, but his or her prospects there are limited since he or she lacks credibility. This usually happens when the highest qualification degree or diploma that the individual has is either too broad or generic and does not relate to the job that this person is applying for. The recruiters shy away from giving a call to this individual because the resume looks too shaky or does not inspire confidence. A full-time management education course can be a great testament to the knowledge and skills of the individual and can help him or her differentiate themselves in a competitive marketplace. The recommendation and advice here is to stick to the renowned business schools and pursue a course from there since the brand association can benefit the individual gain the confidence through association with these schools. The students will also be able to demonstrate a commitment towards self-development and a zeal for learning.

With the above points it is evident that the management education has got tremendous value for the professionals who are currently dissatisfied with their career choices or simply wish to broaden their horizons. The last tip here is to ensure that they associate themselves with well-established business schools and do plenty of research to choose the right business school, reaping the maximum benefit of their education.

Beyond the name: what makes a business school special?

It will not be far from truth to call business schools an epitome of modern education. Usage of cutting edge technology, plenty of highly competitive schools and students, experimental subjects and specializations, and an interesting variety of curriculum, all contribute to this. Although these factors contribute to make management education a rich field to experiment and learn, it also makes it increasingly challenging for the students to choose the right business school. The students must factor in a lot of things to choose a business school that is aligned to their interest and can support their aspirations. To be fair, most of top business schools in India such as IIMs, XLRI, IMT Ghaziabad, SP Jain, Symbiosis, ICFAI Business School etc. do a more than adequate job of accommodating the students’ aspirations while maintaining great standards of education.

To understand what makes a business school stand out from the crowd or in other words “special”, they need to understand the various aspects of the business school and what all things to look for when choosing a business school. All these things come together and must be weighed to understand the effect they have on the quality of B School experience. Here are a few things that can transform a B school from good to great.

  • Curriculum: Curriculum is something which can vary a lot among business schools, due to the flexibility that most business schools can exercise. The academic experience revolves around it and a well-balanced curriculum is a big requirement for having a robust MBA, PGDM or PGPM course. There is also an increased need to have the curriculum calibrated to the industry requirements for the students to develop industry relevant skills and knowledge. The curriculum should also be flexible to accommodate associated learning as well as allow some breathing space for the extra-curricular activities. An integral part of curriculum is also the methodology applied by the business school to approach the learning based on the curriculum. A great business school will find more interactive and engaging methods to approach learning the curriculum instead of the boring lecture style approach. A good example of using interactive learning in classroom is the case based learning method of ICFAI Business School.
  • Infrastructure: The infrastructure of the business school can be a pivotal point in facilitating learning. Although the infrastructure is not the direct part of the academics, it does affect the student experience a lot. The infrastructure can help create an environment in the business school campus that is conducive to learning. This is done through creating top notch facilities with collaboration of information technology to create spaces such as interactive classrooms, fully functional computer laboratories, a well-equipped library, spacious and clean classrooms, and comfortable living space at the hostels. The infrastructure also includes the shared spaces for extra-curricular activities such as auditorium for dramas and skits, courts and grounds for games, and greenery at the campus through well maintained lawns and gardens.
  • Student Community: The student community is an important part of business school experience to consider. While this is not one of the things that someone can simply check from the outside, a fair idea is usually given about this on the website of the business schools. The future classmates as well as the culture of the business school can make your time in the business school amazing or awful. A few things to look for in this regard are the frequency of the student events, the type of discussions or behaviors around the campus, the attitude of the fellow students etc.
  • Location: The location of the business school is also an important consideration to be given while determining if this is the right school for you or not. While it is important that the campus of the business school should be situated in an area which is open, spacious and free from noise, it is also desirable to be closer to the business hubs. As you would be spending the next few years on the campus, you can use this opportunity to make powerful networks and links with the local business community. These are only possible if the campuses are located around the business hubs of the country. This also enables a lot of interaction with visiting faculties, industry experts and business firms which may result in easier internships or even support in placements.
  • Reputation: Reputation of a business school is not only related to the ranking of the school but it also extends to ‘how is the standing of that school in the business world’. The reputation of the school is a must check since the name of this business school would be associated with your name for a long time. To check about the reputation of the business school, detailed research needs to be carried out either firsthand or through internet. Independent sources must agree with the claims that the school makes about the standards.

Choosing a business school for yourself can be a daunting task but with careful and objective approach, it can be made easier. The business school experience can add some of the best years in a student’s life, but managing the expectations must be done beforehand to avoid any regrets later.

What makes management education at ICFAI Business School unique?

Management education is an experience that prepares the students for a bright and ambitious future in the years to come. As the MBA/PGDM/PGPM aspirants gear up to appear in the various entrance exams and test for admission in the top business schools in India, a lot of factors must be kept in mind when choosing the right business school. A big misconception that a lot of people have is that all business schools have a great offering for students in terms of both education and placement. The truth is that the business schools have a wide array of specialties and even the business schools of equal standing which are offering the same specializations, may have a completely different pedagogy than another. Appreciating these differences in the business schools is vital so that you can make the right choice and prepare for the entrance process that will get you in the right business school where you want to reach.

To understand and accurately gauge the advantages that being a student in a business school offer we must first understand what makes that business school different from all the other business schools out there. There are several key factors which make a business school unique. ICFAI Business School is amongst the top management colleges in India and offers tremendous value for the students who would like to start their journey towards a rich management career from here. With a holistic approach towards management education the ICFAI Business School sets itself apart from other leading business schools in India in a variety of ways. Here are a few key factors:

  • Strong Industrial Relations: The ICFAI Business School is known for the strong interface that it maintains with the industry which gives the curriculum the much-required focus on the applicability of knowledge in the management program. This ensures that the ICFAI Business School, students do not face challenges of having knowledge that is half cooked and now feasible in the practical world outside. The industry inputs also enable ICFAI Business School to maintain the agility of the curriculum and its delivery so that the education is relevant in not only today’s world, but also has value in the foreseeable future. At ICFAI Business School, various experts from organizations which are leading in their field are invited to dispense their perspective and experiences in form of guest lecturers for the benefit of the students.
  • Case Based Learning: ICFAI Business School is one of very few management institutes which has integrated the case study based approach as a primary method of instruction. The management school has a dedicated Case Development Centre (CDC) which has the largest repository of management case studies in the entire Asia Pacific. At ICFAI Business School, there are even a few courses which are taught only through the usage of relevant case studies which are tailored to suit a vast array of management subjects. These help the students in developing a pragmatic, analytical and solution oriented approach while keeping the real world challenges in the picture.
  • Leadership Development: The leadership development at ICFAI Business School is given a lot of importance since the B school prides itself in producing the corporate leaders of tomorrow. This is achieved through a combination of case based learning and increased focus on the soft skills of the students. While the case based study method puts the students in the decision maker’s position, the soft skills help the students in working on all aspects of their professional image and their working style. This helps in students growing beyond academics and increases the success rate of the students once they enter the professional world.
  • Extracurricular Activities: The students at ICFAI Business School do not only make use of the development opportunities in the academic front but also help in the overall development of the students through various extracurricular activities. On one hand, these activities provide the students a great platform to build their social skills and confidence, while on the other hand they provide a break to the students from the routine life at the business school. The students learn to host and manage events, work with other people and teams, understand challenges of leadership firsthand, and work of their Emotional Intelligence in a real-time basis.
  • Alumni Network: ICFAI Business School has a wide spread network of alumni who have taken lead in many industries and have worked with some of the most prestigious companies of the world. This network of alumni provides the students the opportunity to connect with other ICFAI Business School alumni and gather valuable perspectives and leverage contacts to achieve greater success in the world. ICFAI Business School organizes the alumni meets giving the students the perfect platform to do so.
  • The ICFAI Business School ticks a lot of boxes when it comes to providing its students with a quality education worthy of making it one of the leading business schools in India. The ICFAI Business School advantage can give the students a great platform to firmly establish themselves in the business world. A combination of innovative yet effective study methods, a robust curriculum and a focus on the overall development of the students makes management education at ICFAI Business School a truly unique experience.

Equivalent Exams to CAT

Management education is arguably the most sought after field of higher education today in India and the world at large. The field of management is constantly evolving with great opportunities and therefore it attracts many of the young minds who would like to make their mark in this lucrative field. The attraction of the management education therefore knows no bounds especially in India where the other field of work have limited prospects. At the pinnacle of the management education we have the most prestigious and top b schools of India. To kick-start the management education and subsequent career for the students, one of the biggest challenges is getting selected in the right B school. For this purpose, the aspirants must prepare for one of the competitive examinations known as the management entrance test.

There are many management entrance examinations and tests that are carried out in the country with different formats, different difficulty levels and giving entrance to different business schools. One of the most widely accepted and therefore sought after management entrance examinations is CAT which is conducted by the Indian Institutes of Management. The CAT helps the aspirants secure admission in not only more than 20 Indian Institutes of Management but also in many private and government educational institutions.
Apart from CAT, there are many more entrance examinations which can help the students start up their management careers which follow similar format and have similar eligibility criteria. Some of these exams are GMAT, NMAT by GMAC, and IBSAT. Each of these have their own advantages that the students can leverage to maximize their chances of starting their management education and subsequent careers.

GMAT

Conducted by the Graduate Management Admission Council (GMAC) the Graduate Management Aptitude Test (GMAT) is a globally accepted management entrance examination which the students can take. The GMAT can be attempted whenever the students feel ready since it is conducted many times in the year. All the students must do is register for GMAT and select the next exam date that is coming up along with the test center. Being a computer adaptive test, the format of GMAT differs from many other management examinations. The duration of GMAT is 3.5 hours with a total of 80 questions that the students can score. The various sections of the GMAT test are Verbal Reasoning, Integrated Reasoning, Quantitative Reasoning, and Analytical Writing.

The eligibility criteria for the test are also relaxed since the student is only required to produce a valid passport of a country, while the other eligibility criteria can be checked by the respective management institution at the time of entrance. The test scores would be valid from five years of taking the examination and the results can be received instantly at the end of the test, while the official marksheet takes about 20 more days. The GMAT can get the students admission in many top business schools of India such as IIM Ahmedabad, IIM Bangalore, IIM Calcutta, XLRI Jamshedpur, FMS Delhi, IMT Ghaziabad, ISB, MDI Gurgaon and ICFAI Business School.

IBSAT

The IBSAT is another top level management entrance examination that is conducted once a year by the prestigious ICFAI Foundation for Higher Education. The test dates are coming up in December, 2018 soon. The format of IBSAT is like CAT with various sections of 140 MCQ (Multiple Choice Questions) to be answered in a computer based test within two hours. The IBSAT measures the student’s aptitude in areas such as quantitative techniques, data interpretation, data adequacy, vocabulary, analytical reasoning and reading comprehension.

One of the biggest advantages that students can have while attempting IBSAT over other management examination is the provision of no negative marking. Success in the IBSAT test makes the students eligible for taking admission in the various campuses of the ICFAI Business School which can be a great platform to start a management career.

NMAT by GMAC

NMAT is a management exam conducted by the Graduate Management Admission Council (GMAC), which also conducts the GMAT. Within each cycle of admissions, the students can attempt the GMAC up to three times and the highest score of the student will be considered for the entrance. This helps the students become more confident since they get more than one attempt for the same test. The test has 120 questions to be attempted in the areas of Language Skills, Quantitative Skills and Logical Reasoning Skills. The NMAT by GMAC scores are admissible in management institutes such as NMIMS University, ICFAI Business School, Alliance School of Business, Amity Business School etc.

SNAP

SNAP in another national level management entrance examination which is conducted once a year by the Symbiosis International University. The SNAP test is a computer based test of 130 questions which are Multiple Choice Questions and Special Questions. These questions are divided in four sections and need to be completed in two hours. The students can get admission in around 15 management institutes including the ones operated by the Symbiosis International (Deemed University).

XAT

Xavier’s Aptitude Test also known as XAT is administered by XLRI Jamshedpur on the behalf of Xavier Association of Management Institutes (XAMI), and is immensely popular with the estimated 90000 aspirants every year. The scores of this computer based test are accepted at more than 150 business schools. The test duration has recently been reduced to three hours, with removal of essay type questions. The test also has negative marks allocated for incorrect answers. With no age limit and no cap on the number of attempts one can take at the exam, the XAT does see a of candidates with the eligibility criteria of having completed 3 years of graduation.

Although CAT has become synonymous with the management education in India, there are many tests that can help the students gain advantage over their competition and success in starting off their careers. A good strategy for the students would be to maximize their opportunities by taking advantage of these entrance exams and embark on the journey to the top business schools of India.

How technology is a part of Management Education?

India is coming up as an education hub and management education is among one of the fields having the highest demand. Since the management education gets more varied, the education providers are evolving with unique ways of leveraging the infrastructure that is available. Students these days have the advantage of choosing the right b school which matches their career aspirations, field of interest, and learning style. The business schools on the other hand are also coming up with new ways to upgrade their curriculum to match the business demands of the industry. When it comes to the methods of teaching also, the business schools have integrated elements of the modern society to ensure that their curriculum is appealing to students and relevant to the industry demands. Technology has played a big part in this area bringing a lot of ways to add life to the educational content and instructional design.

The leading business schools in India have used technology in different avenues and coming up with answers to the challenges in the field of management education. The technology has played a big part in helping the management education cross some hurdles in the last few decades which has made it a dynamic and robust field of study. Today the students live in the world of constant connectivity and they want their management educators to provide these opportunities in their learning as well. The technology has partnered flawlessly with the management education to enable the following changes to take place:

  • Accommodating the change in learning behaviour: Gone are the days of the classrooms with rows of students with their heads in the books, diligently listening to a professor who in his/her monotonic vice goes through a two-hour lecture. The students of today want to be educated at their own pace and gathering information through various sources to augment and find the best possible solutions to business challenges. To enable that, the modern classroom uses technology to make the course content more interactive and discussion based. A good example of this is the usage of innovative learning methods such as simulation programs and exercises in the classrooms to look at a real-time impact of business decisions. ICFAI Business School utilizes this through simulation software in their classrooms with great success, and this aids in developing the next level leadership skills.
  • Facilitating business forums: It is an important part of the student’s life at the business school to make the connections with the peers and industry experts. These connections can often be fostered through the interaction over the professional forums and groups. The modern business schools achieve this through creating an open online communication group for the students. This helps in getting the student involved in not only academics but also other facilities such as library, hostel, facilities, placements, accounts and other aspects of campus life. A real-life example of this comes in form of the intranet maintained at ICFAI Business School called CampusNet, which is aimed to provide that.
  • Greater tools for the students: The students at the top business schools in India not only get a quality education but also some great technological tools at the campuses to make the most of their learning. The tools are not just limited to the regular set of Microsoft Office suite for processing of Word, Excel, or PowerPoint. They extend to the whole array of cutting edge data network to leverage databases and videoconferencing as well as Adobe suite of PageMaker, Acrobat and Photoshop and others. Other tools include programming tools and with the big data taking the world by storm, some advanced analytics programs. These enable the students to work on projects while acquiring hands-on experience which can be relevant in the real world.
  • Better academic experience: The academic experience in the top management colleges in India is enriched with the help of usage of integration of web based learning being augmented with the classroom based learning. This Blended learning model where the web based courses are often self-paced and can be taken by the students in the comfort of their laptops and environments are becoming a common sight. The students are usually required to complete these courses as reinforcement before or after they have attended the classroom learning. Online quizzes can also be used by the faculty members to get a quick check of the student’s comprehension and understanding without waiting till after class. This also breaks the monotony of the lecture and gives the students an increased focus.

These are a few important points of how technology is integrating with the academics to transform the way that the business schools and the students are used to approach the learning itself. The technology is coming up rapidly as a powerful enabler, facilitator, and administrator of the curriculum at leading business schools in India.