What is the Executive MBA?
In order to emphasize the characteristics of an MBA, you first should comprehend how it differs from the first MBA courses offered in many Business schools.
Here, one can only consider opting for an executive MBA if and only if one possesses industrial knowledge in a given domain name for 4-5 years when a person decides to sit CAT.
On the other hand, in case you’ve gained work experience of about 10-15 decades, then CAT established executive MBA institutes would not probably accept your scores. Thus, you have to contemplate giving another managerial entrance, GMAT.
These apps are crafted by faculties in such a way so that candidates can manage to multitask between learning and functioning.
It is recommended to seek consent from the company you are working for so that it is possible to take leave during weekends and exams.
Check out India’s first and only joint degree Executive MBA in Mumbai, India by IIT Bombay and Washington University in St. Louis
The Advantages of Pursuing an Executive MBA
An executive MBA is incredibly lucrative and valuable as a standard MBA to get a working pro.
We have covered its advantages in detail in one of our earlier articles, here we are listing down a number of the important points you’re able to ponder while considering pursuing a course for higher research.
1. Steadily Climb up the Seniority Ladder
It so happens in many multinational companies that following a couple of years of experience, growth and salary prospects would get stagnant.
Most individuals in such situations decide to conquer the challenges of performing an Executive MBA from a reputed institution.
The very ideal thing is with your newly acquired abilities and understanding of the company world you could be assigned leadership or managerial roles in your present business.
But if your organization doesn’t have deductions at the managerial department, then worry not, because you possess an opportunity to get promoted with an Increased salary.
2. Brings out your Leadership Skills
You’d get the majority of your improving experience by working within an organization for more years. However, do you hesitate when someone asks you to take a lead? If yes, then you remain unaware of your leadership attributes.
Thus in order to acquire a comprehensive insight, you need to expose yourself to the easy but highly crucial tricks that would be dealt with on your Executive MBA course.
Upon getting familiar with the bonus knowledge you would learn how to overcome unforeseen challenges, instead of letting it conquer you. That is to say, you would start discovering new answers to the age-old problems.
3. Become a Prized Possession
Although this sounds unbelievable, yes, it’s going to occur after you finish your MBA and combine your company in a managerial designation.
This will occur only if your existing organization decides to sponsor your Executive MBA. Now since they have spent in your education so that your newly gained skills would possess a fairly higher value.
If your organization sends you up to an Executive MBA you might need to sign a contract. This arrangement will hold legal provisions saying that you cannot depart from your organization for a particular tenure.
This is made to make sure that you return them the cash (with respect to annual yields or abilities ) which they’ve invested in your MBA.
Also, check out 5 Tips to Balance Work Life While Pursuing an Executive MBA
4. Adaptive classes and time consuming
Learn and earn collectively, what could be greater than that? You only need to take some time off your occupation during the weekends, presumably two days a week.
You’d just need to extract a while from the earning routine to digest any necessary abilities.
5. Moderate grading
Here one shouldn’t be miserable if the scores of the entrance examination were not one of the elite. That is because you pose the opportunity to enter a big institute, given the next measures go well.
That is if you may impress the interviewer with your acquired skills in your domain you may bag the opportunity.
And if you figure out how to score well in the interactive and writing segments (only for a couple of schools ) the interviewer has got no other choice other than to give you a much invaluable chair.
6. Interactive sessions with professionals
you may spot and participate in enhancing sessions with professionals just like you. You’re able to listen to and find out about their adventures and perhaps they will be able to let you see if your skills and knowledge are lacking somewhere.
The further industrial experience you’d be subjected to, the more ready you will become to use the jacket of a manager.
You can also inspire them by sharing your expertise, doesn’t matter how limited that may be.
7. Job security
Since you would still be in your job, you would not suffer from anxiety concerning the probability of bagging another individual in your future.
Obviously, you want to go hired with a bigger salary but you wouldn’t have a thing to lose, apart from the money.
But you would still have the certificate which would support you quite a whole lot in your lifetime. And not to overlook the much necessary exemplary ability which would push you few notches up the ladder.