Important factors which Students consider while selecting B- schools.

MBA is a standout amongst the most widely recognized profession decisions amongst the young in India today. This is simply in light of the advantages that the course offers. There are more several institutes the whole way across NCR that offers full time private MBA. Distance learning MBA, online MBA and part time MBAs are additionally picking up force. With the developing needs of the business for world class managers, the institutes offering MBAs has likewise gone up in the last few a long time. Thus it is very important from the institute point of view to know what are the important factors that student considers before selecting a B school. Also from student perspective, like what are the factors they need to consider or what are the query/doubts/information they need to have before taking admissions. What I have realized from my own experience as a counselor/faculty and also well supported from past studies that there are eight important factors which can affect institute selection decisions namely,

·        Past Placement record of the college,

·        extra co-curricular activities related factors (Industrial visit, seminar, tour and picnic, sports activities, cultural activities)

·        infrastructure of the institute (hostel, campus, library, lab, technology etc),

·        student related factors (social status, friend circle etc)

·        faculty related factors (education background, experience, popularity, knowledge, research contribution)

·        academics related factors (specialization, courses offered, collaboration, guest lectures, past results, practical knowledge)

·        advertisement related factors (Media visibility, Rankings, publications in journal and magazines)

·        & other factors (admission process, reputation, guidance, social life, safety and security, study/fun atmosphere, reservation)

          For More  Information :- Asia-Pacific Institute of Management

          Email Id:-admissions@asiapacific.edu

          Mob No:-7042893436,7042893445 
          Website:- www.asiapacific.edu

Statistics for MBA students

BUSINESS SCHOOL

Is it required for an MBA student to learn about statistics? The answer is ‘Yes’. A basic course on statistics is inevitable for an MBA program. Nowadays, managers in the business world face some important questions regarding their production and sales.  What combination of features of a product is most desirable for consumers? Given the previous observations can we forecast future production and sales? How did we do last month? Can we compare between different industries on the basis of some criterion, such as profit, production, sales, input cost, etc? To that end, statistical analysis provides a systematic approach to answer these questions.

          Realizing its importance in business analysis, many MBA and PGDM programs are already placing greater emphasis on statistics, especially on quantitative data analysis in their core curricula. The courses develop the skills and insights required to make effective use of statistical methods in the area of business analysis. The course structure on statistics should range from a rigorous training in the fundamentals of statistics, such as data analysis to applications of popular methodologies, such as sampling techniques, regression analysis and forecasting. Special importance should be given on the topics related to sampling methods, distribution of data and testing of hypothesis. Several schools also provide exposure to computer software (such as, SPSS, STATA, EViews) that implements key techniques.

However, a general fact is that the MBA students are less interested in statistics or more specifically the theoretical part of it, finding it too abstract. In this regard, teachers can play a crucial role. They can engage the students in a suitable way with statistics, challenging them with real-world exercises like finding errors in reported studies, designing experiments to test hypotheses in the real world, and analyzing real data which involves an understanding of how analytical and graphical techniques can be employed to summarize, display, and analyze data.

For More  Information :- Asia-Pacific Institute of Management

Email Id:-admissions@asiapacific.edu

Mob No:-7042893436,7042893445 
Website:- www.asiapacific.edu