June 17, 2011

Executive MBA Becoming More Popular than Regular Degree

It seems Executive MBA courses are giving regular MBA programmes a run for their money. This conclusion has been arrived at by administrators of the Graduate Management Admission Test (GMAT) on the basis of a comprehensive survey conducted recently.

As per the Graduate Management Admission Council (GMAC), an international association of business schools and owner of the GMAT, reversing the trend that was prevalent in last three years, 59% of Executive MBA programmes reported an increase in the number of applications received last year. Other interesting finding of the survey was that this was one of the highest proportions of increase in volume among all MBA programmes.
The reasons for this increase could be economic recovery, brighter job prospects and many corporates funding executive MBA programmes of their employees. Besides this there is also a growing realisation that an Executive MBA could enhance a professional's portfolio.
As per a media report, internationally a full-time MBA courses reported a 49 per cent downward trend in applications last year.
Speaking about this trend to Indian Express, L S Ganesh, professor at the Department of Management Studies at IIT-Madras, says, "Specialised executive programmes like petroleum and oil management, infrastructure management, construction management, pharmaceutical management, healthcare and manufacturing management are gaining popularity."
He also talks about a trend where aspiring managers prefer working than doing a MBA after graduation and then later going for an executive MBA programme.
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