Fast forward your career with an Executive MBA
The season of management entrances is on and one can find table lamps lit up more than fairy lights of Christmas. With students all over India preparing rigorously for entrance after entrance, opportunities for working professionals in the education section aren’t any less. Now, you can pursue further education while continuing working and no, we are not talking about distance education. Although what we are talking about can be pursued through DE. In context here is Executive MBA, a management program specially designed for professionals who already have learned the hard way how the industry works but now seek to fast track their career.
Also Read: More about Executive MBA
Executive MBA unlike a regular MBA is pursued only when a student has more than 5 years of experience in a managerial position. Which is why, a regular MBA would not suffice to your educational needs as you no more are a fresher and probably know the industry by heart now. EMBA is the right choice to make if one wishes to get a change of pace and pay in their career and although the challenges you have to go through to pursue it are many, the benefits of an EMBA far outweigh them.
5 Reasons to pursue Executive MBA
Here are some of the reasons why you won’t be wasting any time on an Executive MBA.
- Uplifts your managerial competency
Working in a company for years together sure gets you the knowledge of the industry but top it up with an Executive MBA and you see things in a different light. Many students have admitted that they found the extra education to be more enlightening as the course reflects real life situations but come with added procedure for solutions. You start thinking differently and understand the importance of strategic thinking in critical decisions. One begins to find and clearly see new solutions for old problems they faced at work. It increases your managerial competency to a new level which not only adds to your skill set but in turn adds value to the place where you work.
- Value addition to the company
As mentioned before, pursuing an MBA Executive adds value to the company you work in. Many companies today offer to sponsor the higher education of their employees for reasons that benefit the business. Not only value addition but sponsoring an employee guarantees employee loyalty. The sponsorship therefore comes with conditions at times that specify a period of time for which the employee will have to continue working with them and why not. The company usually ends up spending the same amount of money for a short term consulting fee where they can instead spend it on adding value to an employee’s personality and skills which will help them make the same decisions in the longer run. Return on Investment, as they see is much higher than expenditure.
- Contacts and network
With a focused course comes a focused crowd. Opting for an Executive MBA can help you build a network of individuals working in the same cross section as you in different companies. This network is a great potential for future references in terms of work. You get to be a part of a select group of individuals who are all managers from all over the world with different cultural and professional backgrounds. And so one can imagine the amount of ideas and exchange of business solutions that will happen around you.
- Flexible curriculum and time.
Executive MBA programs are designed such that the time commitment is in accordance with the job timings of a working professional. For the 2 year course one will have to stretch and adjust time here and there but in the long run Executive MBA will help you with career growth and promotion. The curriculum of Executive MBA courses are updated and change with the rapid change in industry momentum. This in turn makes the student ready to face the real deal once he/she is out of the course.
- The promotion.
On an average, a person after pursuing an MBA Executive gets a pay increase of 25% or more. This is because a company finds it effective in the long term to have their own employee of years to be in a position of management. But a study conducted by the Executive MBA Council reported that students do see the advantages of an MBA executive but usually underestimate its effect. This was based on the data that out of all the students opting for such a course only 37% expected a promotion whereas on exiting the course over 43% of the students received a promotion.
Also read: More about EMBA
The benefits do seem tempting, right? Students who have taken up executive MBA for higher qualifications feel more satisfied with their jobs than those who haven’t. They feel they have been given more responsibilities, understand management and leadership better, and have more strategic visions than before. The doors of opportunities have definitely not closed instead more doors have opened than before after this course for managers. The question is, are you ready to pursue an Executive MBA?