The stagnant career of the professionals due to lack of managerial degree persuades them to ponder over various options. And thus, to keep up the pace in this competitive corporate world, they are continuously looking for avenues to enhance their skills. And what better option than an MBA for this? I am not sure of the righteousness of the statement, but an MBA degree these days is considered as a certificate for career acceleration.
In India, the number of aspirants going only for a two-year MBA is gradually taking a fall or at best remaining stagnant, as is best demonstrated by the CAT number over last years. However, on the other side, the number of Executive MBA aspirants is on the rise, which is evident from the number of applications being received by various B-Schools for their Executive programs.
It is apparently a tough decision for any working professional to step into a classroom after gaining a considerable work experience in the Industry. A regular Executive MBA requires you to either quit your job or to take a stretched break, which of course comes with a disruption in your monthly Income.
As everything has its pros and cons, an EXECUTIVE MBA is no different. For people who have experienced the corporate, it becomes easier to elucidate the concepts taught in the class by relating it to the practical knowledge they carry. An EXECUTIVE MBA offers you an unfolding exposure to the insights of various functions and Industries through peer learning. With a minimum experience of 3-5 years in the Industry, the participants are well aware of their goals and the direction in which they want their career to advance.
While grasping the subject knowledge, often students overlook the importance of behavioural skills in building a successful career. Learning Skills such as Negotiation, Conflict Resolution, Team Management, and Change Management are used practically more often than any other thing taught in B-Schools. The benefits with having a decent work-experience is that the students can appreciate these nuances and make their learning much more holistic. So, the EXECUTIVE MBA students graduate with the best of both the worlds- Having conceptual knowledge as well as in-depth understanding of soft skills, making them much sought after professionals by Corporate World.
Some of the top B-Schools offering Regular Executive MBA in India are IIM (A, B, C), ISB, XLRI, IMT, MDI, Great Lakes and S.P. Jain. Most of the top B-Schools these days offer an International exposure to their EXECUTIVE MBA students, where they spend a considerable time in a foreign university understanding the dynamics of business in other countries. While almost all of them offer an International Immersion Program for 2-3 weeks, IMT Ghaziabad is the first college to introduce one full term in a European University for all its EXECUTIVE MBA students. This "Global Career Accelerator (GCA)," Student exchange program is getting popular as many students nowadays are keen on taking global opportunities.
Now if you are fantasizing a college life that gives you ample time for partying, clubbing, jazzy fests and romance, an Executive MBA may not work for you. An EXECUTIVE MBA with its rigorous schedule leaves you with no or little time to engage in things other than your books, case studies, assignments and Project work. Since you have good corporate work experience with you, you are expected to deliver more and with much efficiency. Thus, with your academics, comes a responsibility of entire gamut of tasks related to various committees handling placement, alum relations, social media, cultural activities, and business conclave, etc.
All inclusive, if you have spent 3-5 years of your life in the Industry, an EXECUTIVE MBA is a brilliant option if you wish to get a quality education while saving your one year and earn an equally good MBA degree.
About the author: Shibani Sanwal is Strategic HR Professional at Trident Group. Currently she is on sabbatical and pursuing her PGDM Executive from IMT-Ghaziabad.