Become Profession Ready With the Best MBA Alternative Programme For Women
We all know that an MBA degree from a reputed university gives anyone an edge in their career growth. But an MBA course might not be the right option for all, more so if you do not have enough funds, can not take out enough time, or are looking for alternative programs to give your career a boost. We will understand through this article what are some of the best MBA alternative programme for women and how they are beneficial in career growth.
The Reason Behind Popularity of MBA Alternative Programmes The changing market dynamics have transformed the shape of higher education. The pandemic caused nationwide lockdown, wreaking havoc in every walk of life. One of the most affected segments has been education with the education system going through a re-imaging process on how to deliver education. This re-imaging has seen a massive transition in specialized learning programs in this digital era. As per the estimates, more than 1.2 billion students have moved away from the classroom. This goes to say these students are getting many other opportunities to adapt and respond to the new digital era. Some of the salient reasons for the resign popularity of MBA alternative programs can be attributed to the following factors: ● Technology growth - The tremendous growth of data science and other new-age technologies have led to the widespread adoption of IoT (Internet of Things). IoT has been a significant contributor to the digital economy's transformation as more and more students (as well as professionals) are considering programs for upskilling themselves. This has resulted in a demand for advanced and comprehensive programs like alternative MBA. ● Uncertainties involved due to NEP2020 - The guidelines of NEP2020 (New Education Policy) have made students skeptical about taking up MBA programs in B-Schools as students are not sure of institutes' commitment towards assistance in desired placements. To make matters worse the B-Schools have cut their course and trimester duration for completing the curriculum online. This means that less knowledge is being imparted to students which are not beneficial for them. ● Companies are hiring candidates based on knowledge and experience - Business sectors are remodeling their operations to match the changing customers' behavior and perceptions. Companies are welcoming more and more candidates based on exposure and knowledge rather than qualifications as they want to have "profession ready" students. This has replaced traditional MBA with alternative MBA programs since students no longer are looking to obtain degrees just for the sake of it. ● Alternative MBA is a good tool for acquiring better roles - Young working professionals are gravitating towards alternative MBA programs to hone their skills and move up the ladder in the corporate world. Alternative MBA programs allow them to acquire new skills along with their jobs.
How To Find the Best MBA Alternative Programme for Women For obtaining an advanced business degree like an alternative MBA program, you should ask yourselves a few fundamental questions like: ● What skill sets are needed in your organization for you to succeed and reach the next level? ● What kind of organization do you wish to work with? ● What kind of work experience, exposure, and training do you need to acquire the required skills?
Businesses are now looking for employees who add value to their organization by driving work accurately and quickly. They are looking for professionals with new insights and management skills to align the team with organizational goals.
Which Alternative MBA Programs To Consider For Upskilling There are many alternative MBA options to choose from where each of them comes with its unique advantages and offerings. ●
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MIM - A master's in management is offered by many business schools. This degree lies between a specialized master's and a classical MBA. MIM educates students in general management theories, with practical courses. MIM programs in general do not need you to have any prior work experience, some of them need a maximum of one year of experience. Professional certifications like CPA, CIMA, CFA, etc. - Some of the popular certifications which are deemed as prestigious as MBA are Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), or certification from Chartered Institute of Management Accountants (CIFA.) The fees for these courses are much lower than MBA. MPA or MPP - Master of Public Administration (MPA) or Master of Public Policy (MPP) are public services equivalent to an MBA degree. The focus of these programs is on government and public affairs. Many business schools offer MPA and MPP which is an on-campus course usually for one or two years. So if you want to work in public service or have a career in government then MPA or MPP is more suited for courses for you than an MBA.
A Unique Programme For Aspiring Women Managers Female MBA degree holders find it difficult to have an equal playing field with men. The average salary of a woman MBA professional is, in general, lower than that of their male counterparts. This reality will change with the Vedic Scholar's MBA alternative programme for women which is an eighteen months residential program. This is certainly the best MBA alternative programme for women as Vedic Scholars curriculum of this program with four tracks (mastering management practice, thinking and communicating for impact, learning from the liberal arts, and taking charge of personal growth) will help women understand how the strengths of a woman can play to the work environment.