MBA is one of the most popular postgraduate courses in India and its popularity is only increasing by each passing year. Aspirants include recent graduates as well as experienced working professionals who come from different educational backgrounds and naturally have different needs.
There are two types of MBA programs available in India to cater to these needs:
- The traditional 2-year MBA program (PGPD) — Ideal for the candidates with minimal or no work experience.
- The 1-year executive MBA program (EMBA) — Ideal for working professionals with significant work experience.
The executive MBA program focuses on the same skills as a 2-year MBA program but, it is specifically structured to help the experienced executives/managers earn their MBA degree without staying off work for too long. This is one of the primary reasons why many companies sponsor these programs for their employees. It is offered as a part-time or full-time course or a candidate can choose the online MBA option as well. Over the past few years, MBA in distance learning/education has made a significant mark in academic learning. However, to evaluate executive MBA’s full potential on an individual level, it’s important to carefully evaluate its pros and cons.
Pros Of Executive MBA
- Career enhancement:
It advances your skill set, in addition to your previously developed skills at work, and increases your value as an asset to an organization.
- Lowered cut-offs:
The cut-off marks from exams like CAT Exam and GMAT exam are lower for executive MBA programs, thus increasing your chances at a good B-school.
- Freedom of choice:
Many individuals are forced to quit their job to attend a full 2-year MBA program. But almost all the EMBA programs are part-time. Therefore you can continue working while pursuing an Executive MBA.
- Superior networking:
Half of what students learn at business school comes from their qualified peers who bring their knowledge into the classroom. Executive MBAs are taken by more experienced professionals which means the demographic is older and more experienced with superior managerial skills as compared to full-time MBA students, who are usually in their mid- to late-twenties.
- Better paycheck post-MBA:
Adding on to your superior work experience and academic achievements, executive MBA makes you eligible for higher financial compensation at work.
- A practical approach to learning:
Given the considerable work experience in corporate settings, students are familiar with the key business concepts. The curriculum, therefore, follows a practical approach.
- Short term:
The executive MBA is a one year program as compared to the traditional MBA program, which spans two years. Therefore, guarantees an easy return to the corporate role.
Cons Of Executive MBA
- Stressful schedules:
Being a full-time employee and studying part-time doesn’t leave much time for extracurricular activities. In this scenario, handling personal/family responsibilities may become chaotic and stressful.
- Fewer specializations:
Executive MBA does not provide as many specializations as a 2- year full-time MBA. So, you may struggle to find a program suited to your interests academically, socially, geographically, and schedule-wise. Therefore, a compromise is required.
- Recruiters leaning towards conventional MBA:
Some recruiters prefer younger, less experienced traditional MBA graduates over experienced professionals with executive MBA.
- Adjusting back to an academic setting:
Adapting back to an academic setting, after having worked for several years, may be challenging, especially if you are enrolled in a full-time executive MBA program.
Both traditional and executive MBAs have their pros and cons. So, despite its cons, Executive MBA can be a good mid-career option for experienced professionals by providing them with the necessary career advancement. Keep visiting BYJU’S to get complete assistance for CAT exam preparation for 2021.