Does Executive MBA have the same value as a fulltime MBA

Opportunities after completing an MBA degree are endless. There are several types of MBA courses, major ones being the fulltime MBA and executive MBA. There has been an argument which has been persistent since the inception of MBA itself, an argument about which is better? Executive MBA or fulltime MBA? Some say two years is needed to learn all about business administration while some say it can be learnt quickly with experience. 

To break it down, a full time MBA is a two years course and is mostly pursued by fresh graduates without any prior experience. An executive MBA on the other hand is a one year MBA course designed for seasoned professionals. The candidate should have a minimum of 2 years work experience while applying for an executive MBA. 

Pre requisite Qualities in a MBA student

Applying to a business school for mba programs is a difficult and competitive experience that every successful MBA graduate has gone through. Not only is an MBA a significant commitment in terms of time but also a certain prerequisite technical aptitude. Every MBA candidate need to bring something new to the table that gives him/her the competitive edge to excel in the environment after the MBA is completed. 

Before you start applying, ask yourself, why MBA? Am I cut out for the rigorous coursework that it entails? What specialization are my skills best suited for, etc. Some of the pre requisites for an MBA include evidence of a leadership track record because business schools want to develop leaders who will be job creators and pioneers in future. 

Industry Expectations from an MBA fresher

One must be wondering why these rich corporate employers are so desperate to hire an MBA graduate, they offer the individual a very hefty salary package and give him the best managerial role available in the office. MBA graduates are hired by top-notch mighty corporations through campus placements, these organizations offer the best remuneration along with other incentives. 

So what does an MBA institute teach their students and what do these corporate biggies expect out of the graduates that they are ready to go all out for the right match? Let’s try to rationalize from the corporate employer’s perspective – 

Leadership skill requirement as per Global leaders

A lot of research is carried out each year on the requirements of the new global leader and the new set of skills as well as the experiences necessary to prepare people to take on this challenge. Many believe that the most important aspect of effective global leadership is not necessarily acquiring a new set of skills or experiences, but instead a fresh perspective called a global mindset. 

Sadly, many organizations have few candidates for overseas assignments, no information about those in the firm who aspire to such opportunities, no clear understanding of the competencies required for such assignments, and little interest being expressed by younger internal managers in becoming global leaders. This has given rise to many global leadership programs at various universities that offer a one year MBA program specializing in leadership or allied fields of study. 

Top 10 MBA fields to choose from

Planning to do a one year MBA? Wondering what specialization would be the ideal choice for you? In the second year of an MBA, candidates are required to choose one specialization from the variety of specializations available. Here are the top 10 different types of MBA courses to choose from:

1.       Finance

An MBA in finance will train you in various subjects, such as costing, management accounting and control, budgeting, international finance, banking, privatization, capital management, etc. Highly sought after and indispensable to most organizations, this is a no-brainer if you’re cut out for it.