Competency Management Approach for Setting Superior Performance Benchmarks
In the present business environment of cut throat competition and globalization, competency based practices have gained much of an attention from the contemporary organizations. They aim at achieving an optimum performance in the long term by developing the skills and competencies of the employees on a continuous basis. Competency based management systems are primarily employee […]
Some Reasons Why Managers Must Practice Vacation Planning
Planned Vacations Contemporary organizational theories talk about the need to reduce person dependence and ensure that the show goes on even in the absence of key resources. In this context, it is important for managers to actualize effective vacation planning as they deal with planned and unplanned vacations and time outs taken by their team […]
Motivation and Employee Development
Employee development refers to initiatives taken by organizations to constantly enhance their employees’ skills and upgrade their existing knowledge with time. Employee development activities and trainings make an individual self dependent and prepare him/her for unforeseen circumstances. Employees as a result of trainings can deliver their level best and contribute more effectively towards the organization. […]
Role of Participants in a Group Discussion
The Group discussion is a task, which is generally aimed at understanding and evaluating candidate’s behavior in a group. Through this method, interviewers can compare and assess a candidate’s knowledge, communication, and mental strength. It is quite obvious through the name that Group discussion involves more than one members and it happens within a group. […]
Communicating Performance Appraisals
Performance appraisals enable superiors to know what their team members are upto, evaluate their performances and also give them correct feedbacks so that they know where they are lacking and work on their shortcomings. The term “Performance Appraisal” generally causes anxiety among employees, which definitely should not be the case. You really do not have […]
The trend of business schools offering executive management programs and part time MBAs has accelerated over the years.
In recent times, it is the case that many premier business schools around the world are offering executive management programs and part time management programs or evening MBAs for those in their careers who desire a management degree to add value to their resumes and profiles.
As the incidence of working professionals needing MBA certification for perceived career progression has grown, so is the supply of such programs from premier business schools around the world.
The operative term here is the perceived value, as often recruiters prefer graduates from full time management programs to evening or part time programs. However, executive management programs are an entirely different ballgame, as many recruiters prefer graduates from these programs because of the value adding combination of work experience and a management degree.
Of course, it is the case that graduates from executive management programs often find that they move up the ladder or the corporate hierarchy after the MBA degree but only in the industry or the sector where they were earlier employed. This is because of the fact that many recruiters want them for their experience and the insights from the management program to be applied to the sectors that were working in earlier.
Considering these points, if you are planning to enroll in an executive management program or an evening program, our advice is that you must do your due diligence before embarking on the same. This can take the form of estimating the benefits from such a program versus the costs that are entailed from the program.
In other words, you must define your objectives and goals clearly and then enroll in the program. It is the case that many working professionals do not want to take a break from their careers and hence, prefer part time programs to executive programs. While we are not putting one over the other and letting you decide for ourselves, our suggestion is that (at the risk of being repetitive) to prepare a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis of where you stand and what you want and then decide accordingly.
Research has shown that often part time programs are good only for the value that they bring from appearing in your resume.
Executive management programs on the other hand are much more value adding. However, evening programs can be good for those who do not want to switch careers or jobs and hence, a management degree on their resume would add value to their profile in their current jobs.
Given these aspects, one must evaluate and assess one’s priorities in life before thinking of enrolling for either an executive program or a part time MBA.
Further, the very real and critical aspect of checking out the worth of a particular program offered by the management institutes is very important.
For instance, many management institutes that offer part time programs are usually doing so because these programs fetch them more money without having to invest in substantial infrastructure.
Further, it is the case that part time MBA programs are conducted both online and offline meaning that one must check whether the part time MBA program is totally virtual or involves physical contact with the professors and other faculty.
To conclude the discussion, it is advisable for prospective entrants to these programs to talk to alumnus of the institutes who have enrolled in similar programs to get their doubts clarified and their concerns addressed. Moreover, it would be in the fitness of things if the prospective entrants state their objectives clearly before taking the leap and assess the benefits using a cost benefit analysis.
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Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
