You might have scaled the success ladder and feel confident about your position at the workplace. However, there comes a time when you experience stagnancy and it is that moment when you feel that an executive MBA would have done a lot to push your career further. In the past, you might have joined job after graduating but now you regret for not doing an MBA that could have opened new avenues in your profession.
Despite achieving huge success, many senior leaders and working professionals feel the need of a degree at a certain point. Not to worry, acquiring a degree in MBA is not hard if a professional want to in the midst of his career. Off late, getting an MBA degree has become easily available to anyone and everyone. Here we will look into points to think before opting for Executive MBA specially for Entrepreneurs, Corporate Employees & Working Professionals:
- Purpose
Firstly, you need to have a clear purpose on why you need an Executive MBA Degree. The rising aspiration among people to constantly upskill and become more “employable” is a key contributor to the rising demand for such courses. Here are few purposes:
- Better Pay Package, Career Growth
- Cost Versus Return
- Capacity Expansion
- Recognising Potential
- Job Promotion
- Looking for International Opportunities
- Ability to Study & Time
Personal life. Work life. Professional life. These are all things that Executive MBA Professionals have to juggle while studying. Executive MBA Student is expected to complete university assignments, keep up with colleagues in the boardroom and spend quality time with their family on a day-to-day basis. These expectations can be difficult to meet so it’s important to plan how you will achieve a work-life balance & get time to study while you’re enrolled onto an executive program.
- Budget & Fees
When budgeting for the Executive MBA you will need to consider not only tuition fees but other costs such as the deposit, textbooks and other programme costs, you will need to make provision for a number of costs when undertaking your MBA. Costs will include a deposit, the programme tuition fee, accommodation and living costs. You need to make sure that all financial arrangements are in place before the start of the programme.
- Length & Flexibility
Executive MBA programs span a one- to two-year duration and are tailored for seasoned professionals with extensive experience in management roles. Some programs also offer flexibility and provide learning material in the form of recorded lectures or live classes. These programs can take time depending on how many classes a student takes each semester. Most online programs mirror the full-time version and students also have the freedom to digest the learning material at their own pace, on-demand. Online MBA programs are ideal for those who prefer to learn at home or from any other remote location.
- Support System
If you’re planning to enrol in an online Executive program, you may be worried about your support system. While the majority of traditional campus programs have solid mentorship systems in place for university students to turn to, Executive MBA students needs to find a support system in form of mentor since they don’t get any support from Online Universities. They need guidance for Thesis, Assignment, Dissertation Writing, etc.
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About Dr. Prakash Bhosale: He is Business consultant, Ph.D. in Business Journalism, MBA Thesis Guide & Mentor for various universities & has helped more than 900 students in their thesis project work specially for distance learning executive MBA candidates.
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