I was wondering if a person with 12 years and above experience in a manager position with a consulting firm or a product manager in a product firm should opt for an Executive MBA?
Will it add more finesse to the person's career skills or is it just for the sake of a tag?
I usually put MBA (with work experience) as similar to Mutual Fund. It’s a long term investment, don’t expect immediate returns. This program will open up your horizon (and mindset) for various new career options. If it’s purely for monetary gains, may not be the best option.
You should add a reason for “Why MBA at this point?” in your post to get better inputs.
Executive MBa works best when sponsored by companies. When they pay th bill, they will value it differently. When we pay for it, they will consider it less valuable than a full time MBA.
Not true at all, MBA with experience is the only way in developed countries. Plus if any company pays for your MBA, you would be bond-ed with them to work for X-years. You know how Indian companies behave when they know you can’t go anywhere.
It is a bet worth taking. Top 25% of the batch are able to achieve what they aimed for. Depends if you are that. Switching from core to non core functions is tough though.
Few more points might help people give you a better answer -
And like someone else mentioned, Why now?
An MBA is supposed to provide a step change in one’s career. This means that s/he should be able to break into roles/industries that may not be in line with the current work experience.
With more than 10 years of experience - the industry/work profile becomes more prominent than educational qualification and hence a domestic Executive MBA might not provide much delta.
However, if one is aspiring for international roles, an executive MBA from a tier 1 global BSchool might be worth considering. Examining the cohort as well as the career change that people have been able to achieve should be the key research elements while evaluating.
One of the key advantages of an MBA is the access to the alumni community that you might want to use for your further career growth.
If one plans to stay in India - then with 10+ years of experience s/he would already have enough network in relevant companies to tap into for career growth.
I feel it will just add the tag, the ROI is not much, last I checked executive MBA from IIM Bangalore was somewhere around 28L and if you take the median placement salary, someone with 12+ YOE may already be above or way above that
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