Adding an MBA degree to one’s biodata is a dream shared and added advantage by professionals from varied fields like Engineering, Healthcare and entrepreneurs. A management qualification is often considered a pass to a coveted position, a plum career or an unforgettable experience. For this reason only there has been a spurt in part- time MBA programmes offered by top B- schools in the country, which come with the tagline of giving you same expertise as a regular programme crucial for rising up the corporate ladder without forcing you to take a sabbatical from work.
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Just sometime back, Indian School of Business (ISB), Hyderabad, one of the top rated B-schools and MBA institute of the country, launched a Post Graduate Programme in Management for Senior Executives (PGPMAX) who have excelled in their domains such as finance, marketing, sales, operations, healthcare, information technology, customer service and are now aspiring to move into general management positions.
Fields like healthcare, information technology and even PSUs, especially civil servants, are already looking at professionally trained managers. And not everyone can afford getting a year off from work to acquire such a degree because that means losing out on the technology advancements in their fields. So the best bet for them are part time MBAs.
Over the past few years, the market has really opened up for Part Time MBA Degree courses. Now, we even see companies sponsoring many professionals to groom them for a senior position. Though the number of experience required for the IIM- Lucknow course is only three years, most of the professionals enrolled here have an average of eight to 10 years of experience.
Looking at the composition of professionals who opt for such courses, various indian institutes say as much as 70 per cent of them are Engineers who often face a block in reaching a senior level position because of a non- managerial academic qualification.
The biggest contributors to the part time MBA programmes are mid- level engineers who are eyeing a online business degree leader position to rise ahead. Other contributors to the programme include women managers and IAS officers who have now realised the importance of having managerial skills to be a good administrator.” So, if going on a sabbatical to study is not your way, then choose from the long list of part- time opportunities.
In the coming years, Indian MNCs will lift the demand for senior business leaders with quality experience. That is where these MBA part time programmes will come in handy.