Is Executive MBA An Ideal Course For Entrepreneurs?
Blog / June 22, 2023
Is Executive MBA an ideal course for entrepreneurs?
If you are spending too much time thinking, “Do entrepreneurs need an MBA?”, then the answer is a big no. You do not need a major to start your venture. An MBA program is not the only criteria to be a successful CEO; nonetheless, the degree certainly gives you an edge over your competitors. Not just that, it will also enhance decisions making skills if you wish to build your own start-up. The course has other advantages too. This includes the possibility of higher salary packages. According to a survey conducted by the Graduate Management Admission Council (GMAC), in 2021, people who have successfully achieved an MBA degree are likely to earn $3 million more over a span of 35 years vis-à-vis those with bachelor’s degrees. While that may sound delusional, it could be feasible with the right approach and mindset.
What is an Executive MBA all about?
Executive Master of Business Administration or EMBA is a major akin to a master of Business Administration (MBA) program. However, the course is particularly crafted for MNC executives. In a broader sense, it is a course for experienced working professionals. It enables corporate professionals to earn the degree while working at their full-time jobs. In most cases, EMBA candidates are senior managers in their fields and have substantial work experience before entering the 2-year program. The components of EMBA are similar to those of MBA. They are as follows:
- Human resources management
- Operations
- Marketing Strategy
- Finance Management
- Marketing Management
How does an Executive MBA help in fulfilling your entrepreneurial dream?
Becoming an entrepreneur might look easy; however, it takes a lot of sweat, enthusiasm, zeal and passion for being a successful entrepreneur. You might have to work for straight 15 hours, you will possibly skip your friend’s party on weekends, you have to prepare for the worst, you will be self-employed, and though it sounds exulting, it is not a stroll in the park. And to make this achievable, an Executive MBA is just the first step. The degree will make it a tad more manageable for you to become a successful CEO. Let’s discuss how!
The organized MBA curricula will teach you business fundamentals: Many budding entrepreneurs are full of prolific and innovative ideas; however, insufficient business knowledge is required to burgeon in a competitive market, especially in today’s world. That’s where a major in MBA comes in. As an MBA enthusiast, your curriculum will give you essential tools to shape your creative ideas and needful insights to build a business.
You’ll be exposed to outstanding academic credentials and global experience to influence your future partners and investors: Entrepreneurship is becoming the most trending career choice in the 21st century, and an MBA, in such a case, can help you impress your potential partners and investors by gaining international experience and learning theoretical and practical business-related concepts.
You will hone your leadership qualities to build a significant workforce: Communicating proficiency is sacrosanct in entrepreneurship. Therefore, you’ll need to enhance your communication skills. These skills don’t come naturally for many people, but now more than ever. Once through with that, building an army of the trustable and valuable workforce will be a cakewalk. It will also help you know clients better and understand audience patterns.
So, what are you waiting for?
In today’s world of progressive digitization, vying moves quickly. So if you already have a lucid business idea or fully functional product and are looking for meticulous details to thrive in business development, don’t think twice and hit the ground running. Executive MBA is the ideal course for achieving that so-called ‘’unachievable’’ dream. Shiv Nadar University, a multidisciplinary university, under its School of Management and Entrepreneurship (SME), offers Executive MBA to working professionals under the guidance of renowned faculty members holding Ph.D. degrees from prominent educational institutions. Here are the MBA course details:
Shiv Nadar University offers an Executive MBA course with over 1,000+ hours of moral learning, mainly focusing on business fundamentals and related subjects. Under the course, budding entrepreneurs will study topics like data science and analytics, digital marketing, concepts of entrepreneurship, and design thinking. The interested applicants can check out the website for more details like MBA fees at Shiv Nadar University.