An MBA degree continues to attract aspirants as much as it did a decade ago. And in today’s ever evolving corporate scenario, candidates have also realized that an MBA degree gives them an opportunity to accelerate their career growth as they bring to the table the much needed management expertise and business acumen. Hiring managers, too, say that the mere mention of MBA in your resume can give you the much needed edge.
Twenty years ago, becoming a graduate degree holder was an achievement in itself. This conventional wisdom that dominated Indian minds for long may not necessarily ring true today for the current job market demands a lot more from its prospective employees if young aspirants aim to gain that extra edge over the r6est. Hence, in an endeavor to make your resume stand out from the clutter and hone your existing skills to further enhance your career growth, an MBA degree seems like the apt solution. After all, there is no denying that candidates today have understood the value proposition a fancy MBA tag brings to the table. The education industry in India has undergone a major renaissance for the number of opportunities it offers to students today are multiple, thus allowing each one to pursue their degrees closest to their respective aptitudes and inclinations; the growth of vocational and niche institutions in Tier I and II cities is a case in point. The number of applicants for Common Admission Test (CAT) has been increasing over the past decade so are the numbers of applicants for other MBA schools across the country. Firstly, employers look for differentiators when they seek talent. And possessing an additional degree is a definite differentiator. Secondly, given the unprecedented decline in availability of jobs for fresh candidates due to the global slowdown, students see this time as a great opportunity to hone their existing skills or even add a few. And having an MBA degree in addition to your regular ones is certainly the way forward. Though the economic scenario is undergoing a major upheaval, there are many hiring managers who point out that the sheer mention of an MBA degree on the resume is a sure sign that the candidate has a long term promising work potential. Since it is an industry centric program in all probability it will help HR managers have talented candidates aboard who can contribute towards the growth of the organization and even facilitate value sharing.
While an MBA degree continues to attract aspirants, does it ensure a job, especially in the current economic scenario? Placements for MBA graduates from good institutes continue to be quite attractive even now. But during the down turn, as companies are forced to tighten their purse strings and the number of available jobs continues to shrink firms are starting to get more selective in terms of where they hire from. The MBA tag alone dies not bring with it any guarantee of a job; where one gets the degree from is also a factor that influences the decision making process of the hiring manager.
The executive MBA is a full fledged MBA program for experienced managers, who are either already in top positions in their organizations, or are aspiring future top managers. Most EMBA programs require that participants have a minimum of five to six years of managerial experience (EMBA classes often age ranges of 30 to 50 + years). The rich diversity of cross functional and cross industry experience in the classroom in addition to the expert professors, is a key benefit of EMBA programs. Participants gain insights from the varied experience of their classmates and the invaluable networking opportunities.