MBA is an acronym for the Master of Business Administration (MBA), which is an internationally recognized program designed to develop skills required for careers in business and management. With a degree in MBA, a student can pursue a managerial career in the public sector, government, private industry, and other areas.
MBA is considered one of the popular Master’s degrees among students. With time this program has evolved to match the industry requirements.
Format of MBA courses
Across the globe, MBA follows a similar format, ie.
Two years of the full-time program
This article will discuss the MBA program for working professionals in full length, also known as an executive MBA program.
MBA for Working Professionals
Executive Master of business administration can be one to a two-year program aimed at business executives, managers, entrepreneurs, etc. having at least two years of work experience. Students of such a course attend classes on weekends, keeping up with work on weekdays.
The majority of times, the executive MBA program is funded by the employer. Such a course is designed to strengthen a student’s managerial insight and business expertise, enabling them to adapt to a rapidly changing business environment.
Eligibility for applying
- Graduation in any stream with 50% aggregate marks
- Minimum of two years of experience such criteria changes from college to college
- A valid score card of GMAT or CAT
- Provides a strong foundation in business concepts in subjects like accounting, finance, and marketing
- Covers core subjects like accounting, economics, organizational behavior, marketing, operation management, business communication, etc
- Practical opportunities are given for students through group projects and internships
- Helps students to work on their hard and soft skills such as management, leadership, negotiation, etc
- Emphasizes the importance of practical problem-solving and the development of cross-cultural competencies.
- Solid foundation in the area of Entrepreneurship
- Equips students with different lenses to analyze various business problems.
- Most popular MBA specialization include marketing, finance, human resource, operation, strategy, consulting, international management, and entrepreneurship.
Top Colleges for Executive MBA Program
Here’s a list of colleges in India providing an MBA program for working professionals.
- Indian Institute of Management
- Xavier School of Management
- Indian Institute of Foreign Trade
- Institute of Management Technology
- Symbiosis Institute of Management
- Christ University
- International Management Institute
What are the Career Benefits of Executive MBA Program?
Working professionals on pursuing such a course widen their career prospects and are equipped for higher up positions in their organization. Enrolling in the Executive program enhances their managerial and strategic skills to make better business decisions. Such a degree not only accelerate one’s career but also helps in developing a secure network and boost knowledge and hones vital skills.
MBAs provide different specialization in areas of human resource, finance, marketing, supply chain management, retail management, operation management, etc. allowing students to switch into different sectors or domains. Career options including working as a business operation manager, market research analyst, top executive, human resource manager, etc. Pursuing an MBA is also a gateway for making your entrepreneur journey come true.
- What’s the fee structure of an executive MBA program?
Fee structure hugely varies from college to college, like pursuing MBA from IIM cost nearly 24 lakhs while for other colleges, it ranges from 4 lakhs to 10 lakhs.
- Is there any option for distance education for MBA?
- Is it worth pursuing an Executive MBA?
The answer is yes because it brings an ample amount of opportunities for working professionals both who wish to upskill or are planning to switch careers.
- 4. Which is better, an executive MBA or Full-time MBA program?
Choosing between the options truly depends on the objective of a student. Students willing to pursue further studies opt for a full-time course while working professionals looking to sharpen their skills or switch career opt executive MBA