BENEFITS OF EXECUTIVE / WEEKEND MBA PROGRAMESby Faizan Brainware Blogger
After reaching the mid-level career, professionals often feel void or lack of opportunities to boost their career. Those who have completed more than 3 years in a particular field often get stuck in a particular role owing to lack of managerial degree and experience. At this stage, professionals often contemplate for Executive MBA course.
Executive MBA Program has the following benefits to its aspirants:
ü Enhance Leadership Potential:
If one is already working in a managerial capacity, it is time to set foot in the sphere of leadership. In order to improve knowledge on various areas which come across during all in a day’s work, such as, Finance, Marketing, Production, Business Strategy ,Accounting to name a few.
ü Move Up in the Corporate Ladder:
It often happens that after certain years of work experience, there is hardly any growth prospect in the company or in the function. In such a situation, going for an Executive MBA can give the much required lift in career which will help move up the corporate ladder. With new skill set and knowledge, one will be able to claim bigger responsibilities and roles that will be beyond existing profile.
ü Gateway to Change Career Path:
Professionals from non-managerial or leadership role often realize their leadership potential after a couple of years of working in a particular field. Sometimes they also feel that their current profile does not suit their career goal. Pursuing Executive MBA is the gateway to shift the career path. Executive MBA is also a good idea for Entrepreneurial enthusiasts who wish to begin their venture with management skills.
The Executive MBA classrooms are a diverse pool of students, rather professionals from vast profiles, functions and sectors. Needless to say, this offers a massive opportunity of networking, interaction and learning. Moreover, since the guest faculty members are from the industry and from the corporate lineage, the students get the chance to enrich their contacts which they can explore towards seeking advice and developing their business.
ü Convenient Admission Process and Program Timeline –
Unlike the 2 year MBA admission process, the admission process for the Executive MBA is much simpler. The admission takes place mainly through GMAT scores which are valid for 3 to 4 years. Although some B-schools accept CAT scores as well, but the validity is also for more than a year. The timeline for admission and course commencement is round the year, making the admission process convenient and flexible.
ü Flexible Mode of Study –
The duration and mode of the study for Executive MBA varies from B-School to B-School. The modes can be classified as Full Time and Part Time. The duration also varies from 1 year to 3 years, depending on the mode. The Part Time Executive MBA classes are mostly conducted in the weekends. The other mode of course delivery is through online and video lectures in which case the students have to visit the campus once a term. The working executives have a lot to pick and choose from based on their convenience and commitment.
ü Saves a Year –
The full time MBA, which is generally pursued by candidates after graduation and a couple of years’ work experience takes 2 years’ time. In comparison to the 2 year full-time MBA, Executive MBA is definitely a time saver. The1-year Executive MBA programs facilitates students to join their work without any long gap. Further, the Part-Time MBA students, who are already working do not have to take sabbatical or break from work which is another big advantage. Owing to the flexible duration, the students are expected to grasp the curriculum in a shorter span of time. Those who are opting for the Part Time need to balance their work and studies in order to complete the program successfully.
ü Advanced Curriculum and Specializations –
As the program is meant for working Executives having around 5 years of work experience, it is needless to say that the curriculum would not be the same as that of the 2 year full time MBA or PGDM. It is meant to match the skills required for the senior management level. The specializations are also advanced and industry oriented.
ü Exposure –
Apart from the regular classes and lectures, Executive MBA programs offer exposure in various aspects to augment the learning and add value to the course. It can be either in the form of exposure to industry through industry visits, practical application of theory and projects, international exposure in the form of exchange programs or international projects or it can be through the rural immersion programs. The top B-schools offering full time Executive MBA programs provide such opportunities to the students which is much beyond the class room learning.
ü Company Sponsorship Eases Burden –
The fee for the full time Executive MBA program ranges from Rs. 14 lakhs to Rs. 24 lakhs and for the Part Time program, the fee range is from Rs. 2 lakhs to Rs. 15 lakhs. The Executive MBA aspirants are often sponsored by their organizations in order to retain their valuable employees. Such students are expected not to participate in the placement process and join their erstwhile organization.
Created on Oct 1st 2018 05:33. Viewed 171 times.