All of you are aware of the value that an MBA degree has when it comes to scaling the corporate ladder. Many top notch executives are overrun by their colleagues on the grounds of not having an MBA. This has led to craze among professionals for executive MBA programs. This is ideal for working professionals who are in no position to leave their job and join a full time MBA program. Corporate world is today treating the executive MBA graduates at par with the normal management graduate students.
An executive MBA is usually a one year full time MBA or a three year part time MBA that is specially designed for executives, mid level managers and entrepreneurs. However there are options to do it part time, online or even through the distance learning mode. The online and the distance learning programs also give you the option of stretching it over a longer period of time which provides flexibility to the candidates.
Most of the reputed B schools in India are offering these courses to experienced candidates. Many corporate houses have themselves taken the initiative to have their employees undergo an executive MBA program and fully fund it. This serves as a win win situation for both the employer and the employee as the former adds value to the human resource in the organization and the later gets an MBA degree free of cost and with full job benefits from the employer.
Although a normal MBA program and an executive MBA program may seem same to a layman, both these courses are conducted on varied lines. Unlike the business management courses an executive MBA degree doesn't stress on book related case study. In this the candidates learn from each other's real life experience in the industry. Executive MBA programs stress on the niche areas of business unlike the normal course where the study is more generalized.
The following are some of the advantages of an executive MBA program:
· It allows the working professionals to retain their jobs at the same time complete with their MBA degree.
· In executive MBA course, students come from very diverse backgrounds with lots of work experience. These shared work experience serves as the best form of case study and helps in inter learning amongst candidates.
· Executive MBA candidates tend to learn faster having faced real life hurdles in their jobs. Each executive MBA candidate is a case study in himself or herself.
· Executive MBA unlike the normal MBA program offers niche specializations that help executives to know in and out about their specific domains. Hence these courses are much focused.
· Executive MBA courses are held in small groups and it thus allows to build good knowledge sharing experience for the students.
· Executive MBA courses are cheaper when compared to a full time MBA degree. It is ideal for executives who may not be funded by their employers.
· Since the candidates are involved in full time jobs they can apply the knowledge simultaneously in their everyday work.
It should however be kept in mind that an executive MBA program should be done from a reputed institute as doing it from an ordinary place won't call for much value with the recruiters.