MBA is the call of the duty in the corporate world or be it any profession where expert knowledge of management domain needs to be put into practice. Potential employers are not only for candidates with experience but also want candidates with sound management skills. Therefore, an Executive MBA program is the wisest decision which working professions can opt for to add an extra and valuable qualification in their resume. The Executive MBA courses would let you study and gain all the required know-how of what is expected from a professionally qualified manager while simultaneously letting you earn from your current job.
However, it could be quite fatiguing to choose among several executive MBA programs available in the market. This seven step guide will help you zero down on a best executive MBA program that suits your needs and requirements depending upon the industry in which you are currently employed. So, let us find out how to choose the right MBA program:
Executive MBA Programmes are not just for Executives!!
Conventional MBA Programmes specialize only in the supply of functional specialists. Executive MBA Programmes have an advantage over conventional MBA Programmes as they emphasize on decision making at business unit levels, logical thinking and concern for a number of company stakeholders.
So in order to have a broader professional network, you should definitely consider choosing Executive MBA Programmes.
You must have a sane knowledge about Executive MBA Programmes before you choose one. This is because there are different varieties of Executive MBA Programmes.
Executive MBA Programmes are extensively offered by various institutions and choosing a perfect one can be a difficult task. To choose Executive MBA Programmes, you should be aware of a few things:
Step 1: Schedule for your EMBA Programme
The programmes of Executive MBA differ in their lengths, timings and locations. As this is a part time study course, you should make sure that you choose a programme which you can attend regularly even while working.
The schedule of the Executive MBA Programme should match your work schedule. If the timings of the EMBA are not suitable for you, it could be a major problem for you as you might have to quit it for your work.
You also need to work out a routine for yourself if you are planning to join an EMBA Programme so that you can complete your assignments comfortably without getting excessively stressed. Basically, you need to accommodate your current job and your EMBA Programme in your personal schedule.
Missing a few classes of your EMBA Programme is not a good idea at all. Hence work out a routine for yourself as your schedule is an important consideration while choosing an Executive MBA Programme.
Step 2: Cost and ROI of the programme
The cost and the ROI of the programme is a major factor which should not be ignored at any cost.
The ROI or the Return on Investment is a very important consideration while making a choice of your Executive MBA Programme to see how much time it would take you to earn back the course fees spent.
Firstly, you need to see if the money you are investing on the Executive MBA Programme is worth it or not. To do this, do a simple calculation by calculating the entire expense of the course (including tuition fees, study materials, travelling fees, food and any loss in income due to holidays taken) and the approximate amount the course would help you to earn.
The calculation might sound simple but it actually isn't.
Step 3: Future Aspect
It is necessary to set your priorities right. Think how the EMBA Programme can help you progress in your work. A degree of Executive MBA may open your job opportunities. It may be beneficial for you in many ways, especially for a faster promotion in your current office.
Step 4: Details about the course
It is important for you to know what you are going to study once you enrol yourself in this Programme. So, take a closer look at the scope of the course, the institution's reputation and notable alumni.
Also check the ratings for the Executive MBA Programme and then make your final decision. Certain institutions even provide access to their notable alumni for you to learn from the experiences they share in the classrooms.
Step 5: Course Content
Make sure you join an institution that follows an up to date syllabus. If the syllabus is constantly changing to keep up with the modern times, that should be your topmost preference on the list.
There are many institutions that follow an old or outdated syllabus which has nothing to do with the present scenario of business.
You should always avoid these kinds of institutions as they would not help you in any way. Choose a course which is more interactive and interesting over a course which offers only bookish knowledge.
Step 6: Faculty
It is very important to see the qualification of the faculty members and also their way of teaching. Check how educated and experienced the faculty members are in their respective fields. A group of good faculty members can help you to learn a lot in your course. It is a necessity to have a good set of teachers so that you do not face problems and learn from the best.
Not having good faculty members would be a major drawback as you might not have anyone to guide you. Without proper guidance, you might find it extremely challenging to complete the course.
Step 7: International Exposure
During the Executive MBA Programme, you will meet different students from different parts of the world. As a result of this you will have an international exposure and you must end up extending your professional network. In this process, you might even end up getting another job. In this way, you will end up learning not only about the local business trends but also the international business trends.
So, if you choose a proper EMBA Programme which involves international exposure, you are definitely going to stand out.
Students have the advantage of working with and learning from different professionals who are dedicated to expand their own businesses. As this is a part time course, the students have an added advantage of instantly applying what he or she has learnt in the classrooms of the EMBA Programme to his or her job.
This learning, working and applying process helps to increase the general business knowledge. Different institutions have different timings to meet the needs of the professionals who want to excel in their respective institutions while earning their EMBA degree.
However, every applicant has different requirements according to their career paths, financial conditions and works.
It is important for you to have sufficient knowledge about the working process and then choose an Executive MBA Programme according to your preference.
We hope that this guide will help you with selecting a program as per your requirements and expectations, for a positive career growth.
We wish you Happy Hunting!!
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