How The Evolution In MBA Programs Help You In Shaping Your Career?
Blog / June 23, 2023
In the contemporary competitive job situation, choosing the finest degree program is an optimum decision to ensure a rewarding career path. Every aspirant desires to get employed at one of the top organizations in the job market immediately after completing their course. In contrast, all the top recruiting organizations expect their employees to be qualified and skilled in all aspects of company affairs, such as managerial skills. Thus, MBA courses are preferred by most aspirants today to make sure that they reach the highest levels of the companies.
MBA courses are the world’s most popular professional management degree offering over 2,500 programs worldwide. Thousands of ambitious students and professionals opt for different MBA programs each year. The degree is the stepping stone to C-suite jobs at renowned corporations and germinates entrepreneurs.
What is MBA Course? MBA programs incorporate a core curriculum of accounting, marketing, economics, and operations under various specializations, including finance, aviation, supply chain management, digital marketing, etc. A typical MBA course duration is two years. Moreover, the value of the MBA is not limited to just the business world, and it’s also extensively pursued by those who want a managerial career in the public sector, private industry, government, and many other areas.
Now let’s see how MBA programs have evolved with time.
Modes of MBA Programmes offered
MBA courses were first introduced at universities in the US in the 20th century. But now, technology has transformed the livelihood of humankind in many ways. Several modern gadgets and methodologies have been introduced, affecting the educational system. Thus, MBA programs have also evolved to keep up with the demands of modern times. While traditional MBA programs are still unexceptional and usual, various new one-year programs have also gained popularity.
Let’s get a detailed outlook on different types of MBAs.
A full-time MBA is an original, on-campus experience designed for early and mid-career aspirants looking to pursue a higher studies course or to change their career path completely. A full-time MBA program focuses on the fundamentals of modern management, thus offering a comprehensive understanding of business while building leadership and soft skills to implement that knowledge. Moreover, In India, the MBA course fees range from INR 2,50,000 to INR 30,00,000 in top MBA colleges.
The online MBA is a part-time course that is specially designed for students who want to master business management skills without affecting their current responsibilities or commitments. While a traditional MBA keep the students restricted to their colleges and universities, the online MBA provides the students with the flexibility to learn from the best institutes across the globe. Aspirants can easily access the world-class faculty and industry experts and grab the benefits of attaining the knowledge from their life experiences.
Through an online MBA, aspirants can connect to more people, leading to a bundle of ideas to help them set up their businesses. Moreover, the online MBA course duration is one year, and the online MBA fee structure is a bit lower than the regular MBA. For example, the online MBA course fees in most of the top Indian colleges is INR 50,000-1,00,000, plus it cuts off the extra expenses like hostel fees, shifting expenses, travelling expenses, and other unwanted expenses. And In terms of career, online MBA aspirants have more job opportunities than full-time MBA students as they have more experience than the regular MBA degree holders.
An Executive MBA is a one-year postgraduate degree program in Business Administration. Executive MBA course duration is for 15-18 months in some colleges. EMBA is specially designed for working professionals and focuses more on the subtle details of business and less on the theory. An executive master’s in business administration is a distinctive mode of MBA program that is typically a part-time program precisely designed for corporate executives and senior managers already in the workforce.
Moreover, An executive online MBA course fee ranges from INR 4 to 15 LPA in most top MBA colleges. Thus, an EMBA offers unique advantages that differentiate it from a traditional MBA. An executive MBA course enables working executives to acquire the degree while continuing their existing jobs. EMBA students are comparatively senior in their fields and possess considerable work experience.
Therefore, an MBA offers innumerable advantages, including a boost in salary, skill enhancement, career advancement potential and networking opportunities. In addition, promotions into senior management roles, considerably in investment banking, often require an MBA. So when you think about business schools for pursuing MBA, decide wisely as it can change your career path. Shiv Nadar University, Delhi-NCR's School of Management and Entrepreneurship, offers courses in strategic business areas: intellectual property rights, ethics and business, and communications law. The school aims to instruct the management students for moving from mastery of one area to a broader business leadership role.