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I GOT A CALL FROM A MANAGEMENT INSTITUTE, I WANT TO LET IT GO AND TRY AGAIN NEXT YEAR FOR A BETTER INSTITUTE   

If you feel that you deserve to be in a better institute then there is no harm in trying next year but make sure you spend your next year in a productive manner. You should be very cautious in selecting the institute as not only your money is on stake but you may end up loosing 2 precious years. You should be clear of the options available to you and your expectations. Also make sure your expectations are in accordance with what you deserve, and only you can decide what you deserve. Have seen many cases where people join a institute only to drop it after few months as the institute did not meet their  expectations.

If you have a job in hand, you will be gaining more work experience before pursuing your MBA. Age factor and marital status factor are also to be considered here.

If you don’t have a job and you decide to try again next year for a better institute , we would recommend you to take up some job and prepare for the entrance exam at the same time. You have to make sure that you continue to work hard and don't loose interest in between. If you have a job in hand, then continue with your job and try again next year for a better institute. This will help you gain some more experience and would help you in getting a call in a better institute.

You need to know your week areas and work hard to improve in these areas, this is very crucial. Half of the battle will be won when you know what your weak points are. If you notice your past mock test properly, you will be surprised to see that 80 % of the wrong answers are from the same 20 % kind of questions or by same kind of mistake, and these are the areas where you need to improve. A little bit of planning will be of great help 

Want to Join the Institute for Backup Purpose
A difference of ranking of up to 5 to 10  among the institute you are in and the institute you want to
SecondInst.htm
  Discussion: MBA /Job/ Gap Year
There is nothing wrong in dropping from going to job, when he is capable of getting a decent job now.
GD_Case_Study3.htm
  Getting Education Loans
Education loan is available for most of the good MBA/ PGDBA course at a very competitive rates now days .
Loan.htm
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