In today’s world, MBA programs function as the bridge that takes one from that proverbial ‘just another job‘ to a fulfilling career path. Candidates with an MBA earn significantly more than their counterparts. The best part about going through an MBA program is the fact that you get to meet an amalgamation of people from diverse backgrounds.
People with prior work experience have an edge while competing for seats in the top B-schools in the country and abroad. That is because such educational institutions recognise the fact that work experience promotes managerial skills.
As you concentrate on your GMAT prep and work towards getting that ‘dream percentile,’ you need to keep your options open and evaluate the pros of the different business programs that you can enrol in. In this article, we will focus on the top six MBA programs that are crafted for professionals with more than a decade of industry experience.
Two-Year Post-Graduate Diploma in Management
The two-year post-graduate diploma course covers the finer intricacies of management and is one of the most coveted courses. Many candidates with ten years of industry experience are in a position in their careers where they can afford to take a sabbatical, thereby increasing the chances of them going for this.
The IIMs, S P Jain college, IMI, and NMIMS are a few of the top institutions to offer a PGDM course. There is immense competition, and you need to work on your CAT and/or GMAT prep and ensure that you have a decent percentile if you want to pursue this course. While pursuing your PGDM degree, you can choose to specialise in HR, International Business, Finance, Marketing, etc.
Two-Year Executive MBA Program
The two-year executive MBA program is the one that is the most popular and covers subjects such as IT systems, finance, human resource, marketing, and hospitality management. While the first two semesters cover general management, the last two semesters are reserved for the specialised papers. Most business colleges across the country offer this course, and you can choose to take it up either as a part-time or a full-time MBA program.
One-year Executive MBA Program
The one-year executive MBA program is the concise version of its two-year counterpart, and this causes the schedules to be hectic. In most colleges, the generic management subjects are completed within one semester, and only the sharpest minds can keep pace with the pressure.
S P Jain, ISB, and Great Lakes are some of the top colleges offering this program. It is a highly taxing full-time course, and you need to be ready to walk the extra mile if you want to take it up.
Correspondence Executive MBA Program
Many working professionals, in spite of having more than a decade of corporate experience, cannot afford to give up their jobs and concentrate on their GMAT prep. Even if they do manage to ace the exam and get the desired percentile, such people cannot afford to take a couple of years off to pursue an executive MBA degree.
In such situations, pursuing a correspondence executive MBA program is a win-win situation. It is an MBA program for working professionals specifically. Institutions like IGNOU send study material by postal service so that the professionals can study them at their convenience. Exams are scheduled such that the professionals can walk up to the nearest centre to sit for the exam.
Online Executive MBA Program
In recent years, virtual and remote learning has seen a steady increase. The coronavirus pandemic and the social distancing expectations have further fuelled the popularity of such online MBA programs.
Leading institutions such as XLRI are now partnering with technology solution providers to come up with virtual classrooms where experienced professionals can earn their post-graduate certifications. The 12-month consolidated certification program on ‘Business Management’ is offered solely on a digital basis and is one of the most popular courses from XLRI.
Weekend MBA Program
For working professionals who wish to experience the academic environment, but do not want to give up on their jobs, weekend MBA programs can be a preferred choice. Usually, these courses have 14-15 hours of weekly classes that are spread over the weekend. Professionals with considerable work experience are bound to be good at time management and capable of handling the pressure of such a course. S P Jain college, ITM, and several IIMs offer weekend MBA courses for seasoned professionals.
Now that you are aware of the various executive MBA programs available for experienced professionals. Let us discuss some of the advantages which these programs offer as well.
Advantages of Taking Up EMBA Programs
- Strong professional network – You have the opportunity to build an extensive network of contacts across various industries. This will prove extremely beneficial to you in your career.
- Vivid learning experience – An MBA classroom utilises the best learning methodologies to give you a great learning experience. You will get to learn from the best minds in the industry and from state of the art facilities.
- Career acceleration – An Executive MBA is certain to give your career the much needed boost. Otherwise it would take several years of work to get to a senior management position.
- Improves leadership skills – An MBA degree equips you with the necessary skills requisite to help you become a successful leader.
- Better earning potential – The Executive MBA degree gives you a chance at higher remuneration and better salary packages.
Thus, you see that there are several advantages which an executive MBA provides for a professional with ten years of industry experience. Depending on how much time you can devote to your MBA programs, you need to pick a program that works the best for you. Once you have your goal in mind, you can devote your efforts to working towards it and procuring all that you need to land yourself a seat in the college.
All the programs discussed above require you to have a bachelor’s degree in any discipline with 50% marks. Some elite institutions have a cut-off CGPA as well. Sound understanding of the English language, along with a valid CAT or GMAT score is another prerequisite.Having a decade’s worth of industry experience makes a candidate eligible for executive MBA courses offered by any B-school in the country. As you venture towards making the most of your MBA, here’s wishing you the very best of luck for your GMAT Prep. For that extra boost on your GMAT score, you can always check out CareerLabs to further your research and preparation.
1. Which MBA degree specialisation can provide you with the highest salary?
An MBA degree will help to elevate your career by leaps and bounds as they are specialised and help you build requisite skills for managerial roles. There are many MBA degrees available that are in line with the current industry trends and the following are some of the top paying MBA specialisations available at present. Most lucrative MBA degree options include Management, Human Resources, Finance, Marketing, Healthcare Management, International Business, Information Technology among others.
2. Which business school is the best in 2022?
There are a plethora of business schools available, both in India and abroad, which offer MBA programs. According to Financial Times business school rankings 2022, University of Pennsylvania, Wharton ranks first, followed by Columbia Business School, INSEAD, Harvard Business School, and Northwestern University, Kellogg School of Management.
3. Which is the best MBA degree specialisation?
MBA degrees have proven to be the best option for aspiring managers. There are plenty of specialisation options available and some of the most popular ones include General Management, Strategy, Consulting, Leadership, Marketing, Operations Management, HR etc. Among all of the above specialisation options General Management has consistently been the most opted specialisation among students. There are a wide range of skills and perspectives that can be learnt from General Management and applied in any industry such as Human Resource, Marketing, Systems etc.