Working Professional MBA: Finding the Right Program

Choosing the right MBA program is vital to stay connected with business and market trends. According to a Custom Market Insight report, the market value of an MBA program was projected to reach USD 47.1 billion by 2022 and is anticipated to reach up to USD 83.08 billion with a CAGR (Compound Annual Growth Rate) of 15.6%. As you can see, a working professional MBA is in high demand; go for the right specialisation to boost your leadership and managerial qualities that guide you towards a prosperous future.

In this article, we will understand the advantages of MBAs, the different types, and how to select the right MBA program for working professionals. 

Advantages of Pursuing an MBA for Working Professional

Here are the benefits of an MBA that can be considered when pursuing one as a working professional. 

  1. Career Upliftment: Pursuing an MBA can be a game-changer in building a tremendous career. Many companies value an MBA degree and hire them immediately as they possess business knowledge and skills like leadership, strategic thinking, risk management, etc. For working professionals, an MBA degree not only helps in promotion, potential salary, and career shift to different managerial positions but also empowers them with the confidence and capability to take on new challenges.
  2. Flexibility: One of the most empowering aspects of pursuing a working professional MBA is its flexibility. You can choose from various learning formats, including online or blended learning, that allow you to study independently without quitting your job. This flexibility is particularly beneficial for those with busy schedules, as it provides access to the necessary course curriculum, projects, and case studies while maintaining your professional commitments. 
  3. Skill Development: An MBA degree helps you possess diverse skills, from leadership to strategic thinking and business acumen. Working professionals can learn and develop these skills to take on critical organisational projects. 
  4. Building a Strong Network: Another advantage of an MBA degree is developing a solid networking group with your faculty or peer group members to upskill your knowledge and business insights. A strong network with industry helps you get job referrals, mentorship, and business partners. A strong network can also give you access to job opportunities that may not be advertised publicly and can offer support and advice as you navigate your career.
  5. Personal Growth: An MBA can significantly boost your knowledge and develop much-needed skills to enhance your career performance. But more than that, it fosters personal growth, encouraging self-discipline, innovation, and staying updated with business trends. This aspect of personal growth should inspire and motivate you to take the leap and pursue an MBA.  

How to Balance Work and MBA Together?

We understand that pursuing an MBA and balancing work simultaneously can be challenging but manageable with correct planning and organisation. It’s essential to be aware of the potential challenges, such as the need for effective time management, the increased workload, and the possible impact on your personal life. 

 

Here are some essential tips to help you achieve that balance:

  1. Time Management: Managing time when planning to work and study together can be challenging, but being determined will help you schedule your time and other commitments effectively. Prioritise your work and set reminders to stay focused. 
  2. Stay Motivated: Managing to study and work can be challenging, but staying motivated will help you overcome this situation. Prepare your schedule to align with your career goals, and be determined to achieve your goals.
  3. Take Employee Support: Many employers offer various forms of support to MBA-qualified employees, including tuition fees, access to work from home, and paid time off for study. This support system is designed to reassure and support you in achieving your educational goals, making working professional MBA less daunting and more effective. 
  4. Plan Your Schedule: Make an effective schedule to reach your goals. Minimise screen time and maintain your timetable to make progress in your studies. An MBA is a challenging degree that requires attention, focus, and a positive attitude to crack the entrance exam.
  5. Be Organised: Your progress in study is classified by how organised you are in keeping track of your exams, assignments, and work projects. Make notes and use digital tools to stay dedicated without feeling burdened. Ensure that you meet all your exam objectives.

Popular Specialisation Options For Working Professional MBA

Working professionals need clarification while choosing an MBA specialisation, so check the courses below, which are highly demanded in the job market.

  1. Marketing: This specialisation deals with understanding consumer behaviour, developing social strategies, and creating advertising through brand management. It is a versatile domain that will lead you to the most demanding job roles, such as marketing manager, market strategy manager, social media manager, etc. If you are considering an MBA, you can choose a marketing specialisation to gain overall business knowledge. 
  2. Business Analytics: This specialisation helps you emphasise using statistical analysis, modelling and insightful data to make informed business decisions. This field area explores interpreting complex data sets to identify patterns and trends and brings easy solutions to optimise business performance.
  3. Finance: This specialisation involves studying financial reports, managing monetary resources, and managing risk to improve financial investment. Pursuing this course will help you gain concrete knowledge of the finance domain and open doors to multiple career options. 
  4. Human Resources: This area of specialisation helps manage an entire organisation. It involves hiring, training, overseeing day-to-day employee issues, and maintaining friendliness among workers. This domain will upscale your knowledge and expand your communication, teamwork, decision-making, and leadership qualities. 
  5. Data Analytics: This domain covers analysing raw data and uncovering insights to make significant decisions and improve organisational performance. This specialisation uses tools and techniques like data mining, machine learning, and data visualisation to interpret data trends and patterns. 
  6. Project Management: This domain involves planning, execution, and meeting the conclusion efficiently. In this process, you will have a defined project scope, manage deadlines, and meet the end goal of the projects within a constrained time.
  7. Supply Chain Management: It involves overseeing the flow of goods and services from production to the final delivery date. It covers logistics, procurement, and product distribution to reach its final destination. 
  8. Strategic Management: This course deals with implementing and developing a plan to help an organisation achieve its goals and objectives. This course involves strategic planning, aligning initiatives, and resource allocation to meet the organisational goals.

Working Professional MBA: Exploring Top-Ranking Colleges

Enroll in the best MBA universities to seek career advancement. Here are the top-ranking colleges that will help you develop your skills and enhance your learning experience. 

Course Name 

Top Colleges 

Executive MBA 

  • IIM Rohtak
  • IIM Raipur
  • OP Jindal Business Education
  • FMS Delhi
  • NMIMS Mumbai
  • IMT Ghaziabad

Part-time MBA

  • IMT Centre for Distance Learning
  • MIT School of Distance Education
  • IIFT Delhi
  • Chandigarh University
  • KJ Somaiya Institute Mumbai

Online MBA

  • Amity University Online
  • Symbiosis School For Online & Digital Learning
  • LPU Online (Lovely Professional University)
  • Chitkara University
  • Manipal University Jaipur
  • Manipal Academy of Higher Education
  • Jain University Online
  • Dr. D.Y Patil Vidyapeeth

Different Job Roles for Working Professional MBA

Earning an MBA degree as a working professional can be prestigious, and it opens a wide range of job opportunities across various industrial sectors. Here are some key job roles that MBA graduates can pursue.

Job Profile 

Average Annual Salary in INR

Marketing Manager

17,75,000

Finance Manager

15,00,000

Business Analyst

8,00,000

Data Analyst

7,00,000

Business Intelligence Analyst

8,00,000

Human Resource Manager

10,00,000

Operation Manager

11,00,000

Project Manager 

17,00,000

Logistic Manager

8,40,600

Management Consultant

27,90,000

Please Note: The salary can fluctuate according to job position, experience, location and educational qualification.

How to Select the Right College for a Working Professional MBA?

Here are the key points to check when selecting the MBA program as a working professional.

  1. Define your Goal: If you are a working professional and want to pursue an MBA program, ensure your chosen specialisation meets your career goals. Many in-demand courses are trending in job marketing, such as marketing finance, supply chain management, operations, etc. 
  2. Accreditation: Look for colleges and courses accredited by top bodies like AICTE, UGC, EQUIS, etc that clearly define the quality of the program
  3. Course– Curriculum: Check for a course curriculum that aligns with your career goals and helps you understand the syllabus. 
  4. Alumni Network: Ensure that the colleges you select offer broad networking opportunities and allow you to access diverse knowledge from peer group members, faculty, and other resources. Aspirants can also develop their networking area by participating in workshops and attending guest lectures to expand their professional growth. 
  5. Increased Salary Potential: An MBA is a renowned and sought-after degree that helps you earn a high salary. Your career can grow significantly if you possess relevant skills and work experience.

Wrap-Up

Are you looking to take working professional MBA courses? There are a variety of specialisations to choose from, and the most in demand are finance, marketing, human resources, supply chain, healthcare, etc. A professional MBA can be a massive benefit in the job market, and it can help you earn a high-paying salary that considers your skills, work experience, and academic background.

Each course has advantages, so be specific about what aligns with your career goals. Join today with Hike Education, an ed-tech company that will help you clearly understand the course and choose a defined career path. 

Working Professional MBA : FAQs

Q1. What is a working professional MBA?

An MBA course can help working professionals add academic qualifications to their profiles and learn business-related skills like leadership, problem-solving, communication, strategic thinking, and decision-making to get high-level jobs in diverse sectors. 

Q2. Which MBA is best for working professionals?

An Executive MBA is the best course for working professionals because it allows flexible learning options without hindering work responsibilities. An EMBA lasts one year, and many professionals long to take a break from corporate and join an executive program for career advancement.

Q3. What are the fees for a working professional MBA?

The average fees for an MBA program for working professionals range between INR 5,00,000 and INR 30,00,000, depending on the institute, location, and course.

Q4. Which MBA program has the highest value?

The in-demand MBA courses are:

  1. Finance and Investment Banking
  2. Data Analytics and Business Intelligence
  3. Human Resource Management
  4. Business Analytics
  5. Healthcare Management

Q5. Which MBA program has the highest salary?

According to a Glassdoor report, an MBA in business analytics has the highest salary in the job market and can range up to INR 9,00,000 annually.  

    Get Free Counselling