Enlighten Your Career with Executive MBA

July 16, 2011 - PRLog -- The MBA is a structured postgraduate program to master the study of business. It gives a bird's eye view to corporate function and framework attracting students from a variety of academic disciplines. The designation originated in the US as the country industrialized in the late nineteenth century. They were looking for scientific principles & practices in the running of companies which could be applied across the board. The academic rigor and research that went into the study of management as a science paved way for MBA education.

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The two year masters in business administration course were designed to give a functional overview to each discipline of corporate management. The Ivy League colleges, Harvard, Stanford and Yale are recognized as some of the top MBA programs in the world. In many universities abroad where higher education is prohibitively expensive, the two-year course has crunched into the one year MBA, lighter in time and money.  Most universities now also offer the executive MBA program for working professionals. While companies prefer to recruit students from full time courses, the executive program is offered to give working professionals that added career edge.

At its best an MBA education tries to be the classroom counterpart of corporate life. Hence the specializations in an MBA program mirror corporate life. The two most favored disciplines are marketing and finance. As a country, when we spend more, marketing jobs are the most popular. When we’re saving more and these savings need to be invested wisely, the financial sector opens up. Consequently finance jobs are at a premium and more MBA grads take up finance. Course popularity in an MBA institute is often a good indicator of where the economy is heading.

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The post liberalization boom in the mid nineties saw the Indian corporate sector getting a lot of international corporate capital in the country. Consequently the corporate sector was aligning itself with international business practices. With the best talent in our institutes snapped up by the MNC’s, there was a demand for MBA grads from domestic companies.  Since then we have seen MBA education mushrooming in the country. The number was 1600 at last count and still growing.  

India too has its premier institutes. The Indian Institute of Management of the IIM’s are widely recognized as the top MBA program in the country. Since their inception in the 60’s, they have produced some of our country’s finest corporate minds that have made a mark in India and abroad. They’re also one of the highest paid. But don’t go by screaming headlines alone. They only highlight the exception and the exceptional. MBA salaries are down from the dizzying heights they once commanded. A recently web survey in India suggests that the average salary for an MBA from a medium rung institute would be in the region of twenty thousand rupees a month.  

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If going for an MBA course, read the fine print. Calculate for yourself how much you would spend on fees and how long it would take to recover that from the expected placement salaries. Invest wisely as you would in the stock market. Buyer bewares.

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