Value Added Education


Prospects for executive MBA programmes

Dr.T.P.Sethumadhavan

                Research findings of different HR services research agencies like MAFOI, NASSCOM, ASSOCHAM, CRISIL, Deutsche bank and Hewitt revealed that Indian job market will exhibit quantum jump and by 2020 there will be spectacular changes in key sectors like energy, infrastructure, project engineering, telecom, ITeS, Financial Services, Insurance, Healthcare, Agribusiness, Manufacturing, Hospitality, Trade, Tourism and transport. Banking, Financial Services, Insurance, Manufacturing and Construction sector will exhibit spectacular growth during post parliamentary election period in 2014. With regard to demand for talent, People Matters-CareerBuilder survey forecasts an increase in demand at the middle management level across all sectors. A steady volume of recruitment at graduate level is also expected in the coming years. Specialist skill sets, currently limited in the existing talent pool are also likely to be in demand. IT and software industry plans to hire more of management graduates than other domains. Industries are looking for hands-on people.
Why an executive MBA programme?
Industries and services sectors across the world face a business environment presenting unprecedented challenges. So selection of courses should be aimed at reducing the threats and exploiting the opportunities. In the rapidly changing world, in order to reshape the business in tune with emerging challenges the leaders or executives require different levels of learning. It can be in the form of on the job training, online education or executive education. This pave the way for executive MBA programme as the novel management programmes for the employees. The learner can use appropriate methodologies to study/research the sector based on experiences. Moreover executives bring years of experience and knowledge to mid-career management courses, and shares them with the faculty which will help to bridge the gap between their current and desired skills, so that they can play a major role in management or shift their career path. They can specialise in any areas of management. Moreover Customised management programmes are getting momentum in the country. The sectoral mix in such courses includes industries such as airlines and travel, business process outsourcing, defence, education, energy and power, financial services, government services, health care, hospitality, infrastructure, IT, management consulting, manufacturing engineering, manufacturing processes, media, non-government organisations, retail, shipping and telecom.
The Association of MBAs that accredits and governs MBA institutes worldwide defines MBA as a career development generalist programme for those who have significant post-graduation work experience on which the learning process should explicitly build. The aim of an MBA is defined as to enhance and develop previous relevant experience in business and management and to prepare students for leadership and transformational roles in business. The executive programme will help to meet these criteria and qualify as an MBA. Recent report reveals that the one-year course has overtaken the two-year model as the preferred choice of applicants. 48% of prospective MBAs now want to pursue a one-year program, with only 38% considering taking the qualification over two years.
Across the world, substantial work experience is a must for enrolling for an MBA. There lies huge potential for an executive MBA. It is a course for candidates who work full time while pursuing an MBA, and are for ‘working executives’ it can be a part time, evening, distance learning or online programme.
If you are a busy professional and thinking of doing a MBA to add value to your career but dawned down by two years of full time occupation then probably a one year executive MBA will be a best choice . This will provide the participants an opportunity to acquire all the contents of a two year MBA programme in a shorter span of time. An Executive MBA can be transformational for working professionals looking to boost their education and career mobility without interrupting their careers. For working professionals and managers who are looking to raise their education and revitalize their career mobility without interrupting their careers, enrolling an EMBA program can be transformational which will help to acquire general management knowledge, many EMBA programs offer leadership and personal skill development opportunities.
Trends in study abroad MBA programmes
Over the years Indian students preferred one year professional MBA programme from UK. But Indian enrolments in overseas institutions of higher education have been declining over the last three years; UK is the major country that exhibits continued declines in enrolments from India is the United Kingdom, where recent changes to immigration and post study work visa have affected Indian students.

According to a recent survey by Times Higher Education, Indian graduate applications for 2013-14 dropped by an average of 8 percent versus 2012-13, with some of the UK’s top universities reporting declines of nearly 30 percent. This may be due to the emergence of quality executive MBA programmes in India and weakening of the Indian rupee versus the British pound.


 

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