Many want to move from a technical position to a managerial one. Such persons would have to earn a management degree to advance in their careers. But in many cases, these people cannot leave their jobs to pursue a full-time post-graduate course in management. Many have financial commitments preventing them from taking a break from work. Those in middle management also want a certificate from a reputed institution to move to more senior positions. The IIM MBA for working professionals is the ideal choice for such people.
The Executive Post Graduate Programme in HRM from IIM Raipur is an excellent course for those human resource management practitioners aspiring to move up in their careers with a post-graduate certificate. More details about the course are available on our website.
What Is An IIM MBA for Working Professionals?
An IIM offers this MBA course as a combination of online, live and on-campus sessions. These courses are available in various specialisations like human resource management, project management, financial management, etc. These courses are ideal for those who are already working and want to earn a management certificate without leaving their jobs. The online classes are conducted after office hours. There are many hours of live sessions from highly qualified and experienced faculty. The students also visit the prestigious IIM campuses for a specific period.
Those already working in a particular field can opt to pursue a course that specialises in that subject. The course includes various case studies that help participants understand real-life problems and find solutions. The faculty also includes people working in large corporations and will share their experiences with the students. Those who complete the course get an MBA degree from an IIM, considered the top B-school in India. Once you complete the IIM MBA for working professionals, you become a part of the IIM alumni network.
Why Should You Pursue An MBA?
Many people believe that working experience is better than getting a degree. The fact is that both are necessary. It is best to do an MBA after you have started working. It will help you know more about practical problems for which the course will offer solutions. Here are some reasons why pursuing an MBA is good for those already employed.
Stand Out In The Job Market
One of the most important advantages of having an MBA degree is that it sets you apart in the job market. The course helps you develop skills that are necessary for taking an organisation to success. This course will equip you with the capabilities needed for senior management-level jobs. Employers prefer those with an MBA because they are ready to take up higher responsibilities when the time comes. Those with management qualifications are capable of leading and managing people. When you attend the IIM MBA for working professionals, you know how to market and sell your products.
The course helps you face difficult situations with the right solutions. It also teaches you to use your connections and partnerships for the company’s benefit. Anyone attending a management course learns how to manage finances. It is useful both professionally and personally. The course teaches you how to maintain a positive image for your organisation. The IIM MBA for working professionals keeps you updated with the latest international business trends. It prepares you to accept changes and adapt to them. An MBA degree equips you with the skills needed to make a career change.
Develop An Extensive Business Network
When you attend the IIM MBA for working professionals, many in similar positions from other companies will be part of the programme. It gives you the unique opportunity of meeting people from different cultures and countries. They will have different stories to share about their work experience. You will find that some of them face similar issues that you encounter and have found a solution for them. It can greatly enrich your knowledge of management and help you find solutions for many practical problems. You can also learn how other companies work.
Another big advantage of attending the IIM MBA for working professionals is that you develop a network that will benefit your career. You can meet people who may know about good positions in other companies that you can choose to join. The network you develop can also help improve your sourcing and marketing channels. Those keen about starting their own business after the course can find good partnerships to market their products. The friendships you develop can help you professionally both now and in the future.
Earn Higher Salaries
Nobody wants to stay at the present level of earnings. As needs increase with the expansion of the family, people will look at better earnings. In many cases, being in the present job may not result in a good salary hike. For this reason, one will either need to change companies or look at better positions in the same company. It is possible only if you can convince your employers that you can contribute better to the progress of the company. Most employers are looking for people who have excellent leadership skills to take the organisation forward.
The IIM MBA for working professionals opens the door to better opportunities and hence higher salaries. It is common knowledge that those with a management degree are valued higher by all companies. Even if you have a technical qualification, it takes a course in management to make you fit to handle higher positions. When you achieve such positions, your salary will also increase. Even if your present company doesn’t have such a position for you, it is easy to find a good job at a higher salary if you have an MBA degree.
Also Read: What are IIM Courses for Working Professionals? How to Choose One?
Start Your Own Company
Someone who has been working in a particular industry and gained knowledge about it can always aspire to start a company. But mere technical knowledge is not enough to run an organisation. You must know how to manage various other aspects of the business. Finance is an important part of any business, and if you cannot manage it properly, the company can end up losing money. The IIM MBA for working professionals is an excellent course for learning financial management. You will also learn the very important skill of negotiating in an MBA course.
Another important advantage you gain is the association of highly learned and experienced professors who can guide you correctly about running a company. They can show you the pitfalls you are likely to fall into and help you avoid them. The faculty at the IIM MBA for working professionals comes with a lot of practical experience and can give solutions for many of the problems you will face in your business. In the MBA course, you also develop an extensive network of IIM alumni who can provide a lot of support for your business.
Make A Career Change
It is often seen that people stick to the same industry without any chance for growth. Some sectors grow very slowly compared to many others that grow quickly. If you want to progress in your profession, then you must choose an industry with good growth. This will require a career change, and that is possible only if you acquire the necessary skills. The best way available is to pursue an IIM MBA for working professionals, which can be attended to even when you are in your present job. The course is conducted conveniently for those who are employed.
Before you enrol in the course you must decide what career change you want to make. Some people decide to change the industry, while others may seek employment in a new department. For those who have been working without any specialisation, this is the time to join an IIM MBA for working professionals with a specialisation in their desired field. This will give them the expertise needed to handle the new job and move forward quickly. A person who has attended a management course has a better chance of making a successful career switch.
Widen Your Perspective
When you work in a company for a long time in the same position, your outlook is narrow. Most people who are employed don’t learn anything new. It also limits their view of the world and the international job market. There could be various opportunities in your field in countries outside India. But you will not know about it unless you get exposed to people from those countries. Enrolling in an IIM MBA for working professionals is an excellent way to meet people from other countries and cultures.
It is not just for a job change that the course will help you. Getting a wider perspective on matters will even help you with your present job. You will be able to find innovative solutions that you were not aware of when you mingle with people from other countries. Different countries adopt different methods for solving an issue. The IIM MBA for working professionals will help you learn such ways of working and implement the same in your company. Such actions can earn the favour of your management and make you more eligible for a promotion or salary hike.
Now that you know why it is beneficial pursuing an MBA degree, you must understand how you can choose the right programme for you. The Executive Post Graduate Programme in HRM offered by IIM Raipur is an ideal course for those wanting to pursue a career in people management. You can learn more about this course on our website. Let us look at the various factors you must consider when choosing the ideal MBA course.
Factors To Consider When Choosing An MBA Course
- Your Career Pla
You will be spending a lot of effort and money to acquire an MBA degree. If it doesn’t help you achieve your career goals, then all that is a waste. So, you must first decide on your career plan before looking at the various courses available. If you are already working in a department and want to move forward in the same job, then choosing an IIM MBA for working professionals that offers specialisation in that field is ideal. The course that you choose must also have proven its excellence in that particular specialisation.
- Length Of The Programme
This is a crucial factor to consider. Even if you may not be taking a break to attend the course, you will have to put much effort into it. Not everyone can sustain for long under such pressure. This means that you must choose a course that you can complete within a short span so that you can start concentrating fully on your career again. Most of the IIM MBA for working professionals have a duration of two years as you will only be spending much lesser time on the course than the regular programmes.
- Specialisations
Look at the specialisations that the course offers. If you are planning to make a career change to another field, then you must be able to gather complete knowledge about it from the course you attend. That means the IIM MBA for working professionals that you choose must be strong in that subject. Not all institutions are strong in all subjects, and this is why you must choose the college that has the best faculty in the field you choose. You can also check the curriculum and see whether you can learn what you need to reach your professional goals.
- Network
One of the biggest advantages of attending an MBA course in a reputed institution is the contacts that you will gain from it. Most B schools have a good alumni network that helps others in their careers. When you choose the course, see how strong their alumni network is and whether it will help you in advancing your career. You must choose a programme that has alumni in your preferred field. This will help you get the right connections for making a career change.
Also Read: What is the Process of Integrated Marketing Communication?
- Brand Image
Every brand has its value, and the same goes for B schools too. There are so many institutions offering an MBA degree, but not all of them are valued the same by employers. It is always better to join the IIM MBA for working professionals because these institutions have created an image for themselves. When you get your degree from the IIMs, you can be sure of getting job offers from the top companies in India and abroad. You can make use of the image of the institution to make a good career move and hope to earn much better salaries.
- Culture And Environment
Though you will not be sitting in a class with a lot of students, it is always wise to understand the culture of the institution before joining the course. While some of the colleges encourage a competitive atmosphere, others will be glad to have a collaborative and team-oriented environment. Speaking with the current students and alumni of the college will enlighten you more on this aspect. It is better to select a course that you are more culturally aligned with so that you meet like-minded people.
- Cost And ROI
Money is an important factor when joining an MBA course. You will be spending a good amount of money before you complete the course. So, you must make sure that the benefits you get from the course will adequately compensate for what you spend. It is important to know the ROI of the course. If you decide to join a course that costs lower than others, you might also get only jobs that pay a low salary. Degrees from institutions that cost more may earn you a better salary and career prospects.
- Career Prospects
For those joining the IIM MBA for working professionals, this is an important factor. The most important factor for working people who join an MBA course should be their career prospects. Your career move must be good enough to justify the money and efforts that you put into completing the course successfully. It makes sense to find out the career services the institution offers. You can find out a lot about companies visiting the campus by talking to the alumni. You can check the school’s employment report to see the career prospects offered by the course.
For HR professionals looking for a course in a reputed institution that carries a big brand image, the Executive Post Graduate Programme in HRM offered by IIM Raipur is one that promises excellent career opportunities. A certificate from an IIM will surely open more doors. You can learn more about this course on our website.
Summing Up
Earning an MBA degree may not be very difficult nowadays, with a lot of B schools operating in the country. But not every certificate carries the same weight and can offer what you desire from your career. If you are an employee who wants to give a boost to your career, then you must choose your course very carefully. Study the course details very well and see if it can take you to your career goals. It is wise to join a course in a reputed institution that can guarantee you access to the best career opportunities.
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