MBA aspirant’s Institute Assessment Framework (IAF)

The biggest question any MBA aspirant has to find an answer for when researching about different potential institutes to join is how do I rate these institutes? How do I assess them? Should I join an institute which has excellent subscription base of management journals or the one which places 90% of its students in to sales and marketing? To answer all of these questions BVBSMSR has designed an Institute Assessment Framework which can be referred by individuals who are trying to chose or decides between institutes.

The factors and what one should look for in an institution are listed in the table 1.The factors listed and weightage given below are on rationale of opinion of experts in academics and industry. Individuals may adjust (change) the factors and their contributions and get the rating. Further a format of the evaluation sheet is given in table 2. User can simply put the score and compute index value.

Table 1:  Guidelines for scoring a B-school

FACTORS	CONTRIBUTION	REASONS FOR THE SAME
Faculty	20%	·       The most important factor each aspirant should take in to account ·       Judge on the basis of  Knowledge, Qualification, Experience and   Attitude of the faculty members
Curriculum	10%	·       Judge on the basis of curriculum and content, and it’s relevance to industry requirements ·       Judge on the basis of key differentiators ·       Judge on the basis of an autonomy to change curriculum and content
Research	5%	·       Research is a base for all other academic activates ·       Good research will always result in good curriculum and real time imparting of the same ·       Judge an institute/school with number of faculty members having research mindset, doctorates and research scholars  along with publications
Affiliation	5%	·       Judge on the basis of the rapport of the university to which an institution is affiliated to
Library	10%	·       Judge on the basis of availability and access to books, journals, online journals  -     Seems like a high rating in today’s tech age?
IT Lab	5%	·       Judge on the basis of computing, internet and software facilities
Industry Interface	10%	·       Judge on the basis of engagement of an institute with an industry in the form of internships, visits, guest-lectures and  workshops
Scope for Innovation / entrepreneurship	5%	·       Judge on the basis of scope for innovation and entrepreneurship in form of courses(subjects), training and infrastructure for incubation
Placement	15%	·       Judge on the basis of number of companies visiting for campus recruitment, package and reputation of the companies ·       Don’t judge on the mere number of placements
Values and ethical practices	10%	·       Judge on the basis of a demonstration of value-system and ethical practices
Sports and extracurricular activities	05%	·       Judge on the basis of  good sports facilities and encouragement

Table 2: Evaluation Sheet

S.No	Criteria (factor)	Weightage (%) -wi	Please score the institutes under consideration out 10 points
			Institute:1 -Pi                          ___________	Institute:2-Pi                          ___________	Institute:3-Pi                          ___________	Institute:4 -Pi                         ___________	Institute:5-Pi                          _______________
1	Faculty	20
2	Research	5
3	Curriculum	10
4	Affiliation	5
5	Library	10
6	IT Lab	5
7	Industry Interface	10
8	Scope for Innovation/entrepreneurship	5
a	Placement	15
10	Values and ethical practices	10
11	Sports and extracurricular activities	5
	Final Total (Index) = ( ∑ Wi*Pi)