Hey as per my idea no MBA Education is not a waste of Money but in my opinion it is return on investment as MBA offers good placement opportunities and also make future bright

Eligibility for MBA
Candidate should be graduate from recognised university
Final year candidates can also apply

Selection process
Written test
Group discussion
Essay writing
Interview
Here I am giving you list of top colleges for MBA
Indian Institute of Management Ahmedabad
Indian Institute of Management Bangalore
Indian Institute of Management Calcutta
Indian Institute of Management Lucknow
Institute of Rural Management Anand
Xaviers Labour Relation Institue Jamshedpur
Management Development Institute Gurgaon
Indian Institute of Management Indore
S.P. Jain Institute of Management and Research Mumbai
Indian Institute of Foreign Trade Delhi
Narsee Monjee Institute of Management Studies Mumbai
International Management Institute New Delhi
Faculty of Management Studies Delhi
Institute of Management Technology Ghaziabad
Jamnalal Bajaj Institute of Management Studies Mumbai
Xavier Institute of Management Bhubaneshwar
T.A. Pai Management Institute Manipal
Xavier Institute of Management & Entrepreneurship Bangalore
Fore School of Management New Delhi
Loyola Institute of Business Administration Chennai
Vinod Gupta School of Management IIT Kharagpur
Symbiosis Centre for Management and HRD Pune
NITIE Mumbai
Nirma Institute of Management Ahmedabad
K.J. Somaiya Institute of Management Studies and Research Mumbai
Department of Management Studies, REC Trichy
Department of Business Administration Aligarh
L.B. Shastri Institute of Management New Delhi
Symbiosis Institute of Business Management Pune
IILM New Delhi
ICFAI Business School Hyderabad
Goa Institute of Management Goa
Department of Management Studies, University of Madras Chennai
Indian Institute of Social Welfare and Business Management Kolkata
Vignana Jyothi Institute of Management Secunderabad
Graduate School of Business and Administration Ghaziabad
Prestige Institute of Management and Research Indore
ITUC School of Management Hyderabad
Institute of Productivity and Management Ghaziabad
School of Management Pondicherry