Importance of Doing an MBA from a Top-Tier Institution Over an Average One

There is no dearth of top MBA colleges in Kolkata and India. But not all of them belong to the top tier category. Tier 1 MBA colleges are categorized as top-tier ones. These colleges have more competitive entry standards, but they also provide their students with some of the best resources available, in terms of top-notch infrastructure, world-class teaching facilities, industry-focused curriculum, and not to forget lucrative placement opportunities.

There is no shortage of good reasons to pursue an MBA from a top-tier institution rather than just an average one. But what are those reasons? Let’s explore those in this blog.

Why Do an MBA?

We all have heard about the MBA degree and most of us know that this degree is all about doing a postgraduate master's degree in business administration. But the question here is why do an MBA?

This degree can indeed impart a host of technical skills necessary to success in the business world. However. MBA is more than technical skills. It teaches you a myriad of soft skills that prepare you for a thriving career in the corporate world and dealing with it successfully. For instance, the programme teaches how to interact with people professionally, how do you be better at communication, how can you be better at planning, prioritization, decision-making, and so on.

All these skills are far more critical to succeed in any role in the corporate world than any technical knowledge. So, it does not matter what job you want to do, an MBA can help you enhance yourself and what you do. This is a degree programme that should be pursued if you want to succeed in your career irrespective of what specialization or skill sets you want to do.

One can take an MBA degree as a professional tool to grow their career.

What are Top Tier MBA Colleges?

Top-tier MBA colleges typically refer to institutions highly ranked across different categories. The top MBA colleges, which are categorized as Tier- 1, excel in areas like ranking, placements, academics, infrastructure, faculty, research scopes, alumni network, and so on.

When hiring MBA graduates, businesses and prospective managers alike highly value these colleges. Some of the top-tier MBA colleges in India include IIMA, IIMB, IIMC, FMV|S, Delhi, etc.

Why Do an MBA From a Top-Tier Institution Over an Average One?

MBA colleges in India are divided into (top) three tiers- Tier 1, Tier 2, and Tier 3. So, candidates are left with daunting questions, like "Which college is suitable for me?" or "Should I do an MBA from a Tier 1 business school?" This creates a significant challenge since what one learns at an MBA college can play a significant role in their career prospects.

Here, we will be focusing on the importance of pursuing an MBA from a Top-Tier Institution Over an Average One.

Reputation

We are not saying that the lesser-known MBA colleges do not offer quality education or placements but pursuing this degree course from a top-tier business school will surely pay off in better ways. Let’s face it. Renowned MNCs often prioritize hiring MBA graduates from top-tier institutions, granting them better scopes for lucrative placements.

Furthermore, the reputation of a business school correlates with its industry connections. The more reputed a business school would be the better it will have connections with the industry. Professionals prefer to get associated with reputed colleges than the lesser known ones. This in return, helps students to get better scopes during internships, industry visits, workshops, and other activities.

Skills Learned

When you graduate from a top MBA college it is expected that you are equipped with the right skills essential to succeed in the corporate world. Top-tier colleges initiate skill development from the outset of the academic session through different activities like classroom teachings, workshops, group work, seminars, internships, industry visits, and so on. These colleges have tie-ups with big players, offering support to adequately equip students for the demands of the professional world.

Here are some benefits of pursuing an MBA from a top-tier college:

• • Networking
  • Leadership skills
  • Managing people
  • Gaining global perspectives, etc.

Quality of Education

An MBA college or a business school is only labeled as tier- 1 because it offers the best education facilities to the students. These colleges ensure that they offer an industry-relevant curriculum that reflects the current needs and trends of the market. Furthermore, to foster a culture of ongoing learning, top MBA institutions actively promote research endeavors where students and faculty publish their works, and even get awarded.

Better Specialization

An important reason why students pursue an MBA degree is that they want to specialize in different business areas. We must note that not all specializations have the same market demand. Choosing a top-tier business school opens you to more specialized opportunities. Furthermore, these top colleges tend to provide more lucrative specialization options than average business schools.

Some of the top MBA specializations that top-tier MBA colleges offer include:

• • International Business
  • IT
  • Entrepreneurship
  • Business Analytics
  • Data Science
  • Operations Management, etc.

Industry Exposure

Top-tier business schools regularly keep strong connections with different corporates, which offer better opportunities for internships, industrial projects, and guest lectures by industry leaders. This exposure promotes the learning of practical insights, a grasp of real-world difficulties, and the development of specific industry skills.

High ROI

One of the apparent facts about top-tier MBA colleges is that they prepare students for their placement from the initial years. They educate students on how to work on their resumes, prepare for personal interviews, and so on. This makes it easier for them to navigate the actual placement procedure.

Furthermore, top MBA recruiters, like McKinsey & Company, Credit Suisse, Bain & Company, and Deutsche Bank, prefer hiring graduates from tier 1 and tier 2 business schools. The difference, however, is in the compensation scale. These organizations often offer higher salaries to MBA graduates from tier 1 business schools.

Strong networking

Top-tier business schools often have a strong alumni network that offers continuous assistance, professional mentorship, and aid in potential job opportunities- both on and off campus. Utilizing these networks may be quite beneficial as you navigate your career path.

Key Takeaway

It's worth noting that an MBA degree can lead to lucrative career opportunities. However, most of this is dependent on where you are pursuing your degree. Choosing a revered business school that matches your career objectives and aspirations is critical to maximizing the perks of an MBA. A top-tier business school will provide you with a plethora of benefits. including top-notch facilities, world-class instructors, industry-relevant curriculum, industry exposure, and, of course, lucrative placement chances. So, choosing a reputable MBA college becomes essential for launching a successful career in the corporate world.

Globsyn Business School (GBS): Shaping future leaders with innovative education and industry-oriented programs. Empowering minds for global success.