How to Select the Right MBA College

Summary
Tips and advice on why one should go for MBA education, what is the purpose of MBA education and how to select the right MBA College.

Article Body
OK, let us get real. Which MBA college to study in depends, first and foremost, on what you want from an MBA education.
1. If it is to avoid looking for a job, because the economy is down, then any MBA will do. This article is not for you.
2. If you want to extend your educational life, then this article is not for you.
3. If you want to run away from parental controls, then this article is not for you.
4. If you want a better job, do a correspondence MBA and hire a placement consultant, it is cheaper.
An MBA education is not theoretical - where you attend some classes, give a few exams and get a certificate. If you want to do that, see point 4 above.
The purpose of an MBA is the following:
1. You want to boost your existing career, and you are leaving a job to do an MBA
2. You want to be an entrepreneur. I am sure we can argue this.
3. You want a good salary
4. You want better growth prospects
5. You want to interact with other future CEOs. Most of my classmates are in senior management and helping to change the world in their own way.
For all the above, you need to select the right college. Such a college should have the following characteristics (and I know that I am in a minority here):