According to future market insights, the executive education program market is projected to be valued at USD 46,322.0 million in 2023 and is anticipated to cross USD 133,794.3 million by 2033 with a CAGR of 11.2% during the predicted period. The education landscape of business is ever-changing, and the Executive Master of Business Administration (EMBA) has become a much-needed choice for professionals with extensive experience to sharpen their leadership skills and climb the promotion ladder. As per the Graduate Management Admission Council (GMAC), around 19% of the candidates in India prefer Executive MBA to progress their career.
Dr Gary Stockport, Dean EMBA and Professor Strategy, S P Jain School of Global Management said "EMBA Courses are part-time in nature, typically completed in 18 months and targeted at working professionals who are able to bring some years of working experience into the classroom.
Ideal for Managerial Roles
The executive MBA is a genuine option for professionals in management roles, such as C-level executives and senior managers, who gain valuable skills from pursuing this program. The course is specifically designed to unleash the maximum potential of personnel with ample experience and managerial responsibilities. Upon completing the study, the professionals will be more competent as leaders, strategic thinkers, and decision-makers. Also, it provides a deep understanding of business principles, strategies of finance and international markets.
In addition to the above, it has other benefits that it clearly understands, such as developing the knowledge of real-world business scenarios and helping in networking opportunities wherein the professional can collaborate and deal with people from different perspectives. Considering all of this, professionals should look into it seriously to bring extra light to their careers and contribute generously to the betterment of firms.
SP Jain School of Global Management, considered the best institute in India, offers an Executive MBA program designed specifically for working professionals. The program stretches over 18 months and helps you develop the skills necessary to unlock your full potential and become a top-tier leader.
Not recommended for Entrepreneurs
According to research carried out by Shiv Nadar University, an Executive MBA is not a necessity for entrepreneurs to start their ventures. Ideally, it is a program suitable to reach a successful CEO's journey. Nevertheless, the degree can give you a more significant advantage for business owners over their competitors. It also helps to build decision-making skills if they plan to build a start-up, and it has other benefits, too. In most cases, it may not be worthwhile, but the choice belongs to them.
For instance, Mark Zuckerberg, CEO of Facebook, is one of the entrepreneurs who has succeeded without a degree and is now a notable figure worldwide. He dropped the course in the middle to pursue Facebook for a full-time job, and he has achieved a more prominent position and is one of the most renowned businessmen.
In a nutshell, the executive MBA may work for certain professionals and would need to be carefully considered before making the decision. The aspirants should understand their goals, time, money, and how the program will benefit upon completion. The study could be the most suitable option for experts who want to leverage their potential to elevate their roles to higher ones. Hence, it's high time for them to think about and make a decision that will transform their career. Balancing study and work may be challenging for professionals, but it's all about the final results of reaching heights in the journey.
