MBAs have forever fascinated Indian society. MBA is not just seen as a means to get ahead in a career but also as a status symbol in urban life. MBA holders occupy top positions in companies and draw a six-figure salary from the beginning of their careers. It is this reason every year lakhs of students in India are seen chasing a seat in a top MBA college. However, there are some who either give up on their MBA dream or simply don’t consider it as an option in their academic life. The reasons range from lack of finance to lack of opportunity.
Over the years, another type of MBA is fast picking up steam and that is – Executive MBA. An E-MBA is designed for working professionals who don’t have the luxury to quit their job and devote two years of their life to a regular MBA program. These programs are so designed that the classes take place either on weekends or in the evenings, thus making it absolutely convenient for those with an active job.
While regular MBA programs are more focused on specializations like Finance and Marketing, Executive MBA programs are more focused on the holistic development of a working professional from the point of view of the current trends in the business world. Executive MBA candidates have very different goals from the candidates of regular MBA programs. They want a better understanding of business strategy, improve their decision-making abilities, and develop leadership and management skills in a shorter period of time.
MBA colleges in Kolkata, Pune, Bangalore, and other major industrial cities of India have come up with their own Executive MBA programs that are at par with their regular MBA programs. The increasing number of options has streamlined the management education in our country and made it easier for those looking for alternate options.
Top colleges like IIMs, XLRI, NMIMS, ISB Hyderabad have all come up with their Executive MBA programs. Getting into these programs can be competitive and therefore you must know that there are equally good options in other colleges of the country. For those who wish to pursue an Executive MBA in Kolkata, Delhi, Pune or Hyderabad, or any other city of India, there are plenty of top B-Schools offering well equipped Executive MBA programs.
If you’re still not sure whether an Executive MBA is worth your time, then listed below are five reasons that should help you understand better the ways in which an Executive MBA can change your career for the better-
Increase Your Earning Potential and Land Promotions- Corporate world is extremely competitive and in order to stand out, you need badges on your shoulder that differentiate you from others. Not earning enough or not seeing any possible growth in a career can be demotivating. An MBA can help you with all this and more, helping you realise your dreams sooner than expected. It not only increases the zeroes on your paycheque but also makes you eligible for more important positions in your company.
Network with Potential Employers and Expand Your Business Connections-Working in the same office often limits your view and you end up magnifying your problems. You fail to see the opportunities that exist beyond the four walls of your office. An MBA enables you to look at the wider picture and grab the best options available from the wide sea of opportunities.
If you enroll in an MBA program, meeting business managers and CEOs of companies becomes a regular affair. Interacting with these influential people can open up doors to new and better opportunities.
Networking with fellow classmates will give you an opportunity to build strong goodwill in the corporate world. Students in an executive MBA classroom come from different industries and with them bring the knowledge and experience of these industries. Most of these students come from fields such as IT, Banking, Law, Consulting and Science. This gives you a unique opportunity to not just learn about other companies but also locate possible employment opportunities in other industries as well.
Gain Practical Experience and Add Skills to Your Resume-An MBA program empowers you with all the skills that were missing in your CV. These are not just theoretical papers but real-time experiences that equip you to handle projects more efficiently in your office job. Most executive programs have certifications like Six Sigma, Mutual Funds, Digital Marketing, Retail Management, and various others to further empower you with all the latest skills that the corporate world sees as a prerequisite.
Build A Stronger Business Acumen- Situations in the corporate world are extremely uncertain and demand quick problem-solving techniques and innovation in ideas. To achieve such precision, you need to have a wider understanding of business and have a sound understanding in areas like strategy, finance, economics, etc. These programs train you to focus on areas overlooked otherwise by others in a normal office scenario. Candidates with a stronghold in management and business literacy easily acquire strong business acumen.
Become an Entrepreneur-When you find that your creativity doesn’t fit well into the corporate environment and you feel bored of your nine to five schedule, you begin contemplating the idea of doing something of your own career-wise. An executive MBA can help you with this as well. MBA gives you this incredible opportunity of meeting investors who frequently visit the MBA campus looking for candidates with unique business ideas capable of changing the usual standards of the ever-changing corporate world.