Dec 11, 2023 1.1K Reads
In today’s fast-paced corporate world, the ambition to escalate to the top managerial positions in one’s career is much desired. But despite one’s growing efforts and areas of expertise, working professionals may often find themselves enmeshed in a stagnancy that is difficult to escape. While professional experience is certainly important for promotions and career growth, adding to one’s formal qualifications can be a great factor smoothing the pathway to career escalation.
If you are a working professional wondering about whether you should pursue a degree, specifically an MBA while you have already gained working experience, then you have landed at the right spot. Continue reading to understand whether it is worth it to go for an MBA as a professional or not. Delve deep with us into the feasible alternatives you can explore for adding to your professional qualifications while continuing to work at your job!
The very first question that a working professional may ponder about whether they should go for an MBA in the very first place. While the need to enhance one’s resume and qualifications is certainly essential, you need to consider a few more factors about your own personal career positionality and career needs to understand if you should go for an MBA or not!
Here are a few scenarios along with suggestions about whether going for an MBA is the right choice for you or not.
Whether to Pursue an MBA or Not?
Working professional in a non-managerial entry-level role
Should gain a few years of experience before going for an MBA
Working professional in a non-managerial intermediate role
Can consider MBA for career escalation or career switch
Working professional in an intermediate managerial role
Should go for an MBA for career escalation
Working professional in a senior managerial role
Should Only Go For an Executive MBA if Required in Job Role
Working Professional with intermediate experience seeking career switch
Should Go For an MBA if looking for Managerial Jobs
Working Professional Looking for Entrepreneurial Opportunity
Should go for an MBA, preferably in Entrepreneurship Specialisation
Senior Manager/Executive Looking for Leadership Role/CXO Role
Should go for an Executive MBA in Leadership and Strategy Specialisation
Note: The given use cases present a few of the many possibilities or career positions working professionals may find themselves in. The ultimate decision about whether to pursue an MBA or not depends on the unique personal career needs and job requirements of the professional.
While we have discussed whether it is the right choice to go for an MBA or not if you are a working professional, there remain some undeniable benefits that pursuing an MBA can confer to you if you are a working professional. Following are a few of the advantages that you can garner while continuing to work at your current job position and pursuing an MBA degree alongside.
Institutions providing MBA courses are now recognising the unique needs and constraints that working professionals are functioning under with respect to job obligations and are hence providing more flexible options for completing the degree. Many reputed institutions, including the likes of IIMs, XLRI, ISB etc. are now providing MBA courses for working professionals (which shall be discussed further in detail) that allow the professional to manage coursework alongside their job efficiently.
This is one of the primary aims with which professionals often pursue an MBA alongside their job. While skills and growing years of experience are very essential aspects of escalating through the career ladder, without the required qualifications, a career stagnancy can occur for many job roles. If you wish to escalate through operational job roles to managerial job roles, then an MBA can be a very useful addition to your educational profile since it is a comprehensive degree that trains the student in fundamentals of management and nuances of managing specialised domains. Hence, an MBA can help you traverse the corporate ladder effectively.
An MBA program acquaints the student with various aspects of management, ranging from effective conflict resolution, streamlining of company operations, managing large teams to leading the way towards organisational vision. An MBA is a thorough and comprehensive learning experience that can foster leadership skills in the student. Hence, if you are a working professional looking to enhance your leadership skills, then pursuing an MBA can provide you the right education and training in addition to your existing skill set needed to thrive in a leadership position.
When you pursue an educational or professional degree in management, it provides you the much coveted opportunity to find and interact with like-minded aspirants and professionals in the field of management, thus widening your professional network. In today’s corporate world that thrives on networking, getting a diverse exposure to peers at different stops of their career journey can be an opportunity to expand your network for both academic and professional growth.
With the opportunities available in the educational domain today, such as going for an online MBA, a global MBA or even an Executive MBA, you get the opportunity to not only learn from esteemed faculty and professionals across the globe but also interact with peers from various backgrounds. Such an exposure at a global level can be highly instrumental for developing a global perspective, enhancing one’s skills at par with standards prevalent internationally and network with professionals from across the world.
Many professionals working in various departments in a company may aspire to switch their careers to pursue managerial roles, as these roles have the highest potential of salaries as well as escalation to the top executive positions at the workplace. However, simply having working experience is not sufficient to apply to managerial positions since it requires the candidate to also have formal education and training in management. Pursuing an MBA alongside your current job role and then applying for a managerial position boosts your chances of selection manifolds as you can garner both professional education and training while gaining work experience alongside, thus providing you a competitive edge over candidates having solely work experience or a qualification.
Another key benefit of going for an MBA as a working professional is the handsome salary packages that you can get after completing the degree. Management job roles are one of the most fairly compensated fields–owing to their huge popularity among professionals from various arenas. If you feel that you have reached a stangnancy of earning potential in your current career domain, an MBA can certainly help you apply to job positions with higher compensation packages or even navigate promotions and increments more smoothly at your existing job role.
Working in the field alongside while you are learning about the nuances of management can confer you dual advantages–it can help you understand theories and concepts more effectively by connecting them with real-world case studies and the managerial education of the degree can help you navigate the professional problems and issues at your job more effectively. This invaluable combination of simultaneous experience and education can be a major competitive advantage over your contemporaries as it can widen your perspective and skills about management manifold.
As can be clearly seen, pursuing an MBA as a working professional has many unique advantages which may be helpful for navigating one’s career journey. Thus, it is worth it to go for an MBA as a professional provided your current career positionality has a scope for growth through a formal managerial degree.
Some working professionals may find themselves at a crossroad about how to pursue a full-time degree alongside a full-time job, but many management institutes and top B-schools across India and the globe have realised this constraint. Resultantly, a flexible and work-integrated learning program, an Executive MBA is offered specifically designed to meet the needs of the working professionals.
Here are a few of the key features of an EMBA that make it a useful qualification for working professionals:
Executive MBA (or MBA for Working Professionals)
Duration of Course
12 Months to 18 Months
Mode of Delivery
Online or Offline
Mode of Admission
Entrance-Based (for Regular EMBA) and Merit-Based Screening (for Online EMBA)
Average Course Fee
INR 1.5 Lakhs to INR 15 Lakhs
Commonly Chosen Specialisations
IIMs, FMS Delhi, ISB Hyderabad, Manipal University, Symbiosis, XLRI, IMT Ghaziabad, O. P. Jindal University, Dr. D. Y. Patil Vidyapeeth Pune etc.
Touched upon earlier, the question of who an executive MBA is meant for is important to consider. An EMBA is a professional, executive level degree course at the PG level and hence is better-suited for the educational and career needs of some professionals than others. As already pointed out, while deciding whether they want to pursue an EMBA or not, candidates should consider their own position in their career and the requirements of their job domain.
Here are a few examples of cases for whom an EMBA might be a useful career decision.
So, if you are a working professional who matches any of the above criteria, you can most certainly consider taking up an executive MBA, also known as an MBA for working professionals to boost your credentials and escalate your way to top management positions from an intermediate level in your career journey!
Thus, as can be seen, there are clearly many advantages associated with pursuing an MBA for working professionals. So, it is definitely worth it to go for an MBA program (especially an EMBA designed specifically for professionals) as it can be a fruitful qualification for career escalation and getting handsomely paid job opportunities. It can also provide useful insights and skill development opportunities to aspiring entrepreneurs and leaders. Thus, if you have already garnered a few years of experience in the industrial domain and are now looking to surge your career to new heights, then an executive MBA can definitely be the apt choice for you!
With the large number of specialisations, flexible modalities for pursuing the course as well as eminent institutions and business schools offering MBA courses for working professionals, taking up this course can be an excellent decision towards growing one’s career in the current corporate landscape.
You can explore further alternatives and options for career growth and upskilling by visiting the official page of College Vidya and exploring opportunities to get the right counselling for your career and academic needs.
Yes, you can consider pursuing an MBA if you are a working professional with a few years of professional experience and want to enhance your skills and take up managerial job roles in the future.
Yes, an MBA can be worth it if you are already working since executive MBAs (EMBAs) are designed to specifically train professionals in the industry to enhance the requisite skills needed for career growth. Not only is it useful for upskilling, it can also be very helpful for promotions and career escalation to higher job roles with fairer pay packages.
While working experience is not necessary for pursuing a regular 2-year MBA course, if you are looking to pursue an Executive MBA, i.e. an EMBA, then institutes demand a mandatory work experience of at least 2 years to 5 years on an average for being eligible to the course.
The best specialisation for an EMBA is highly contingent on the specific career goals and job requirements of the professional pursuing the course. However, specialisations like marketing management, finance management, HRM, business analytics, leadership and strategy, entrepreneurship and strategy etc. are popular among students taking the course up.
The average fee for an executive MBA ranges between INR 1.5 lakhs to INR 15 lakhs depending upon the institution you choose to pursue the course from. Online EMBAs are in a relatively more affordable fee range, while the fee range for regular offline EMBAs are likely to be slightly higher.
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