By Relina Basu  October 03, 2024

It is said that “skills pay bills,” as they directly impact job prospects and salary potential. But is this the whole truth? There is no denying that at the end of the day, skills are paramount. But what about the degree and its credibility? Even if one has all the right skills a lack of credibility in the job market for their degree can pose challenges. Such contradiction raises the question mark on the reliability and credibility of a business school degree. So, before applying to the best B-schools in Kolkata, students often question the true value of the degree they’ll receive.

The answer can vary. Whether a management degree is worth it depends on several factors. This blog will focus on all the top factors that play an instrumental role in deciding the worthiness of a business school degree.

Factors That Make A B-School Degree Worth It

To judge whether your B-school degree actually worth it, explore the following factors.

Reputation of the B-school

Why is it a dream for most management aspirants to enroll at a top business school? Well, the answer is simple- the business school’s reputation.

The reputation of an institute plays a big role in influencing the perception of its degree and placement opportunities. The more your business school is known in the job world, the more edge you will get over others and the faster your degree gets accepted. Employers recognize and value degrees earned from well-known institutions.

So, talk with the alumni network to get an insight into this.

Accreditations

It makes little difference whether MBA or PGDM courses you choose if you are not enrolled in an accredited business school. In India, colleges providing MBA courses must be affiliated with UGC or operate under a UGC-approved university. On the other hand, institutions that offer PGDM programs must be AICTE-accredited.

Your management degree will be actually worth it in the real world if you are getting it from a reputed and accredited business school.

Alignment with Career Goals

You can judge if your business school degree is truly worth it if it aligns with your career goals. A management course is mostly pursued to make a career in the corporate world. So, if your business school degree does not lead to the career you want, nothing may seem valuable.

A truly valuable business school degree programme should provide access to a network of alumni, teachers, and industry experts, which may lead to opportunities for employment and career advancement.

Return on Investment

Your B-school degree will be actually worth it if it can land you the job you want with a lucrative salary. Let’s admit it, a management course can be costly. Hence, a management programme can only be valuable if it can offer students a high return on investment or ROI, ideally exceeding the total cost of their education within a short period post-graduation.

Reputable and accredited business schools thrive in this context, offering good placement opportunities at renowned companies with competitive pay packages.

Employment Opportunities

To determine the genuine value of your business school’s degree, consider the career prospects and roles that graduates get. Pay close attention to the companies that participate in campus recruiting drives, as well as the remuneration packages they offer students.

Access to Hands-On Training

A management program extends beyond traditional classroom learning. Practical engagement through hands-on activities is integral to these programs, providing real-world exposure, access to diverse resources, skill development, and opportunities to network with industry experts. These factors are critical in gaining work prospects. Hence, we can say that your B-school degree can be highly valuable if you are exposed to intensive hands-on training sessions in which you can apply your theoretical knowledge.

Networking Scopes

Evaluate the networking options your business school offers, such as alumni connections, industry events, and coaching or mentoring programs. These connections may be extremely beneficial for professional advancement, employment opportunities, and staying informed about industry trends.

Personal Growth

Having personal growth is highly crucial when it comes to thriving bright in the job world. Management programmes take students through a range of experiences throughout their academic journey, which impart a plethora of skills, information, and insights that facilitate personal growth. To completely analyze the value of the degree offered by your business school, you must ensure that it offers opportunities for both professional and personal development.

Why Is It Important to Ask About the Value of A B-School Degree?

We all know that pursuing a degree in management could be a huge investment. Hence, pursuing it from an obscure B-school will not serve you any good, as the degree will hardly be valuable in the job market. So, it is always a good idea to ask whether the B-school (you are choosing) degree is actually worth your time, energy, and expenditure.

Here are a few factors that make it crucial to ask questions regarding the value of the degree offered by a business school.

• To assure the quality of education.
• Determine the degree’s recognition and acceptance by employers.
• Understand the degree’s long-term significance.
• To provide swift placement after graduation.
• To gain a competitive advantage.
• Developing the essential skills, knowledge, and experience.
• Develop a useful professional network.

The Bottom Line

So, this was our take on the question if your B-school degree is actually worth it. Asking about the value of a business degree enables students to make educated decisions, optimize their educational spending, and accomplish their professional goals. You can decide whether your business degree is relevant to your professional goals and delivers tangible benefits that justify the time and resources invested.

I’m Relina Basu, a passionate writer with a strong interest in the wide field of management studies. Through my blogs, I cherish sharing the finer nuances that might assist students acquire a better knowledge of management programmes in India. For most aspiring students, selecting the correct business school is a critical initial step that can have a significant influence on their long-term professional goals. In this blog, I investigated if the B-schools that students choose are genuinely worthwhile by highlighting the major aspects that contribute to a school’s value. I’ve carefully focused on the best B schools in Kolkata and the factors that distinguish them. My goal is to inspire readers and give useful insights to assist them navigate the ever-changing environment of business analytics. So, join me to know more!

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