Management education
has become an inherent part of our professional lives in the recent times. Most
business organizations now want their employees to hold MBA degrees from
reputed management institutions. At present the situation is such that many
middle and senior level executives are also planning to pursue MBA degrees. In
order to help them update their knowledge, various management institutes have
come up with Executive MBA courses.
Of late, Executive MBA from IIM has become
extremely popular. All the major branches of Indian Institute of Management
offer Executive MBA courses. Pursuing Executive
MBA in India will not only help you in getting a salary hike but deserving
candidates will also be able to get a promotion. Many people even get jobs at
the management and administrative level after successfully completing the
executive MBA course.
Whether you plan to
pursue Executive MBA from IIM or
from some other institute, you will have to meet certain basic eligibility
criteria. These include the following:
·
The applicants should be presently
employed in an organization or self employed.
·
The applicants should be able to show
around 5 years of work experience.
·
The applicants should be proficient in
English as it will be the language of instruction.
·
The applicants should also have ample
knowledge of Mathematics.
·
The applicants should have completed
their graduation or post graduation from a reputed institute which has been
accredited by UGC/AICTE.
Even after you meet the
above mentioned eligibility criteria, you will still have to sit for a written
test which will test your English and Mathematical skills. Apart from this, it
will also test your logic as well as general knowledge. Once you successfully
complete the written examination, you will have to sit for a personal
interview.
When you are looking
for executive MBA in India, you will
find that IIMs will offer different types of specialization. You will be able
to choose the specialization as per your discretion. Some of the major courses
on offer include the following:
Executive
Program for Young Professionals (EPYP): This program is
mainly designed to provide young people with the perspective as well as
knowledge of skill in management. This course will equip them with the required
inputs so that they will be able to perform better in specialized functional
areas. Pursuing this course will help them perform better in their existing
jobs. It focuses on imparting managerial skills which will play a great role in
helping the students deal with present day business crisis. The course duration
is of 42-45 weeks. If you are pursuing a regular course, then you might have to
go for sabbatical from your job and complete the course. Some of the major
sections of the course content include core business functions like marketing,
finance and control, supply chain management, operations and HR. The course will give the students an idea
about the role and tasks of a manager along with the key managerial skills
required to complete the job. The applicants will have to select one major and
minor area from the fields like Sales and Marketing, Finance and control as
well as Operations and supply chain management. The classes are made
interesting with the use of technology, case studies, interactive sessions,
etc.
Executive
Program in Global Business Management (EPGBM):
If you want to carve a niche for yourself in the global business market, then
you will have to know how the global business world works. This program is
offered by IIM Calcutta along with its service provider Hughes Global
Education. After pursuing this course, the students will be able to contribute
to the global management development in a business organization. The applicants
will be able to know about various management theory and tools along with
practical knowledge. Apart from this, they will also get new insights depending
upon reality based case studies. Apart from this, the students will be able to
indulge in peer interactions which will help them know about various decision
making techniques. Pursuing these courses is helpful because the applicants
will be able to interact with a number of experienced people.
Executive
Program in Business Management (EPBM): In the present times,
managers face different types of problems in managing a business unit due to
changes in the global market, technological advancements, etc. In such a
situation pursuing the EPBM course will help them update their knowledge so
that they will be able to better handle their employees during these tough
times. Pursuing this course will help the managers and the professionals to get
an overview of various tools, techniques and key concepts which will play a
great role in managing a business and associated fields. They will also get an
idea about the cross-functionality within any organization.
Apart from the 3 major
courses mentioned above, there are various other courses of Executive MBA in India which you can
pursue. You can contact the administrative offices of IIMs or check out the
online educational website to know more about them.
After pursuing an
Executive MBA course, you must want to get a lump-sum hike in your salary.
However, before you make any expectation, you should check out the salary trend
in the recent times. A recent study has noticed that the salary expectation has
gone down in all regions expect for Western Europe. In Western Europe, there
has been a nominal increase in the salary of the MBA candidates. However, even
after saying that, it should be noted that the average global figure is still quite
high - US$113,000. Again, it should also be taken into consideration that
management consulting salaries stand at US$89,150 along with a bonus of
US$15,050. This takes the actual salary to US$104,200. All these things will
generally make you feel that salary is quite high for MBA candidates. But
again, it should also be noted that MBA salary will also be influenced by the
local job market.
Also, it should be
noted here that the importance of pursuing an MBA degree should not only be judged
by the salary that you are getting. You should also give importance to the
tools and techniques that you learn, acquire new skills and knowledge, etc.
Thus, though there is a gap between the exact salary and the expected salary,
there are other benefits of pursuing this course. You should also give
importance to all those other benefits.
