If you are experiencing stagnation in your career in terms of growth and development, then an MBA degree could be the answer to all your worries. If you want to witness career progression coupled with better pay grades and opportunities, look no further! An executive MBA (EMBA) might just be the next best step in your future.
As per reports, a career in EMBAis more promising than the regular MBA offered widely across the country. Surveys have witnessed a decline in the traditional MBAs and a 50% surge in applicants opting for an EMBA. Since applying for an MBA has an exorbitant fee involved in it, we are here to help you understand why a career in EMBA should be your next move.
What is an Executive MBA (EMBA)?
An EMBA is primarily designed for professionals who have around 5-15 years of experience in their field. It is best suited for individuals who are currently serving in middle managerial positions and looking for career progression towards higher ranks.
Furthermore, EMBAs have recently gained popularity as they can be pursued either online or through distance learning. The admission process for these courses is comparatively more manageable than a full-time two-year MBA degree.
Eligibility for E-MBA
Eligibility criteria for an EMBA usually differ according to the University of your Choice. However, we shall discuss some common steps followed by all. Firstly, you must have a bachelor’s degree or equivalent qualification in any discipline from a recognized university. Secondly, you would need to have more than 5 years of professional experience.
Please note that this changes according to the university, so please check their official pages before you go ahead.
What are the benefits of doing an EMBA?
Flexibility: The attraction of an EMBA is the convenience for its applicants. You can pursue a career in EMBA either full-time or part-time while doing a full-time job. Additionally, several universities offer this either in-campus, through correspondence programs, or via online platforms. Depending on your comfort, you can make the most suitable choice.
Career Progression: An EMBA has an exorbitant fee involved. It is only understandable that applicants would expect good returns from this investment. An EMBA will boost your career in multiple ways. It will contribute to building your skills and develop critical thinking. Furthermore, it adds to your knowledge as you study with highly qualified individuals from different domains. Interacting with them can help hone your personality and help you build the essential network to climb the corporate ladder.
Build your business: E-MBA for career not only builds your managerial skills but also develops essential skills such as leadership and negotiation skills. Studying with highly qualified and experienced peers takes you a step closer to build your understanding of business. Universities offer several case studies and application-based opportunities to enhance your knowledge, not limited to your area of interest.
Ample networking opportunities: EMBA attracts professionals from all walks of life with varying skill sets and experience. Getting a job through your networks is easier than the regular route, considering the current economic scenario. In such situations, building networks and relationships with your peers and colleagues can help you immensely. It offers an advancement in career, better job opportunities, and working on challenging projects, thereby proving to be an incredible learning experience.
Simple admission process and programs: Unlike the regular MBA, the admission process for an EMBA is simplified. A typical MBA would require you to sit for highly competitive exams such as CAT, XAT, and SNAP. Additionally, on clearing these, you will have to clear Analytical Writing tests and personal interviews to finally make it to your dream college.
But for an EMBA, you need to clear a GMAT exam and a personal interview. Additionally, different universities’ programs cater to various domains so you can choose what suits you best.
Offers new challenges: EMBA curriculum provides a new set of challenges for a candidate. With a challenging set of projects and assignments to work on, it further builds your rigor and conditions you to face the hard work needed to climb the corporate ladder. Furthermore, it provides live projects that test your knowledge and personality to understand your strengths and weaknesses. These opportunities enhance your work readiness so that you are driven to achieve higher goals.
Saves an entire year: Unlike a regular MBA, an EMBA is a one-year course as the candidates already have prior experience and understanding of the different aspects of their industry. The one year is usually used to build your rigor so you can take up challenging tasks and develop your endurance. Learning is a continuous cycle, and a career in EMBA will prepare you well to overcome obstacles.
Best universities to pursue an EMBA in India
We have curated a list of top universities in India to pursue an EMBA. Make sure to check them out to know what is best suited for you.
1. Indian School of Business, Hyderabad
2. Indian Institute of Management, Ahmadabad (IIM-A)
3. Indian Institute of Management, Calcutta (IIM-C)
4. Indian Institute of Management, Bangalore (IIM-B)
5. Indian Institute of Management, Lucknow, (IIM-L)
6. Xavier School of Management (XLRI) Jamshedpur
7. Faculty of Management Studies (FMS) Delhi
8. Indian Institute of Management, Kozhikode (IIM-K)
9. Indian Institute of Management, Indore (IIM-I)
10. Indian Institute of Foreign Trade (IIFT) Delhi
While an EMBA might seem to be a hefty course to undertake initially, it offers ample opportunities. Furthermore, the exposure and skillset earned by an individual can help them stay focused and driven to achieving higher goals. EMBA for career advancement should be your ideal step if you are looking for good learning opportunities to deepen your business knowledge.
To know more about EMBA and build your skill set for the same, try out Talent edge next’s distance learning courses to develop your knowledge.
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