Now-a-days, there is an emerging trend of executive MBA or Part-time MBA programs. Though IIM-A has stopped this program, but many other leading management schools such as IIM, Bangalore and Lucknow, XLRI, Jamshedpur, and Indian Institute of Foreign Trade, Delhi, persist with these courses.
Now the question arises are these courses come cheap, then the answer is NO, it costs between Rs 3 lakh and Rs 7 lakh for a year's programme. And most of those who enroll for them are cruelly disappointed.
Generally the employers are unimpressed. It is primarily because, unlike in a regular MBA course, where the selection process is rigorous, almost anyone who wants to - and pays the fee - can enroll for part time courses.
According to recruiter, there is a lot of competition to get into the MBA programmes offered by reputed schools. This is not perceived to be the case with executive MBA courses. Some also blame the candidates' expectations and motives.
This mismatch arises because candidates assume that their employability quotient will leap up to the level of a full-time MBA, Again, for many, the aim is not to learn more, but simply to get ahead professionally.
Students prefers doing MBA to be a part of industry, but industry does not give much credit to part-time MBA. Market value of part-time MBA is less as compared to full-time program. Generally, part-time students are not allowed to participate in on-campus recruitment. So if you have a job, well and good, but if not, you have to struggle more than your full-time counterparts..
There is one exception: taking a management course sponsored by the employer could well boost the candidate's promotion chances within the organisation.
Some employers pay for such courses in an effort to retain employees they consider valuable, often making those sent for them sign bonds promising to stay with the company for a minimum specified number of years.
Avantha Group's Ballarpur Industries Ltd (BILT), for instance, India's largest paper manufacturer, has tie-ups with half a dozen premier business schools such as Harvard Business School and London Business School for short-term advanced management programmes for its top level management. For mid-level employees it has tied-up with the Asian Institute of Management in Manila. Those selected for such courses often get promoted thereafter.
According to a research, it has been inferred that most part-time management courses see a high level of dropouts and a low level of commitment. But when a company itself is investing time and effort, as in the customized programmes, candidates are more committed to getting the best out of it.
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