Greetings BHPians,
I am considering investing in a business education as a mid-career jump start. The whole objective is to add academic creds in business on my resume. After 25 years of working, I have no delusions of becoming a CXO anywhere anytime through this business education. All I am aiming for is continued employment until my kids are independent; which is another 20 years or so.
Moving on to the choices before me; in my mid forties, I have no appetite for hugely expensive full time programs. After much search, I have narrowed down these four choices -
1.) Distance MBA from Narsee Monjee -
Pluses -- Economical at 1.5 lacs.
- An actual MBA degree at the end of it I think.
- Super flexible with online and recorded lectures and plenty of exam centers; plus flexibility in exam dates.
Minuses -- NM may not be a great brand. But, people here can educate me if I am wrong.
- Takes a full 2 years in distance mode.
2.) Advanced Programme in Strategic Management for Corporate Leaders (APSMCL) from IIM C
Pluses -
- IIM stamp and brand recognition hopefully. It obviously would not equal in recognition to their regular flagship MBA program which most people do. But, I am hoping that it does add some value in terms of getting new jobs in the market.
- Only 6 months. Super short.
Minuses -- Uncertainty in industry recognition.
- Relatively expensive at some 5 lacs (including GST and other expenses)
- Requires on campus travel and attendance for about two to three weeks; which will cost time, money and inconvenience.
- No MBA degree or diploma
- No admission to IIM alumni network; only to their executive education network, which frankly isn't the same thing.
3.) Executive Programme in Growth Strategies for Business Leaders (EPGSBL) from IIM C.
Pluses -- IIM stamp and brand recognition hopefully. It obviously would not equal in recognition to their regular flagship MBA program which most people do. But, I am hoping that it does add some value in terms of getting new jobs in the market.
- 1 year programme. Shorter than NM. But, longer than the other certificate program in option 2.
Minuses -- Uncertainty in industry recognition.
- More expensive at 6.2 lacs (including GST and other expenses).
- Requires on campus travel and attendance for about two to three weeks; which will cost time, money and inconvenience.
- No MBA degree or diploma. Just a certificate.
- No admission to IIM alumni network; only to their executive education network, which frankly isn't the same thing.
4.) General Management Programme from IIM B.
Pluses -- IIM stamp and brand recognition hopefully. It obviously would not equal in recognition to their regular flagship MBA program which most people do. But, I am hoping that it does add some value in terms of getting new jobs in the market.
- 10 month programme.
- General Management in the title makes it quite flexible.
- Bangalore is closer to me than Calcutta.
Minuses -- Uncertainty in industry recognition.
- Most expensive at 8 lacs (including GST and other expenses).
- Requires on campus travel and attendance for about two to three weeks; which will cost time, money and inconvenience.
- No MBA degree or diploma. Just a certificate.
- No admission to IIM alumni network; only to their executive education network, which frankly isn't the same thing.
On the face of it, it looks like NM would be my choice because of its cheaper cost. It is 1/3rd to 1/4th the cost of the IIM programmes and it is an MBA degree while the IIMs are offering only a certificate. NM's less cost would likely translate to a greater ROI.
But, I am also wondering if the IIM certificates would be more valuable in the short and long term. Unfortunately, certificate programs aren't provided full access to the IIM network. Plus, even if certificate program members are allowed full access to the IIM alumni network, there are still the individual biases to overcome. I am sure that there is a fair amount of exclusivity in mindshare reserved for their CAT based MBA students that certificate members would never be able to enjoy.
Would really appreciate some input as to how I should go about making a choice. Looking forward to hearing from members about my blind spots, of which I have many I am sure.
P. S.
Before you ask, let me say that I will likely get no financial help or incentive from my employers to do this. So, it will be out of my pocket only.
P.P.S
There is a fifth choice in distance learning from Symbiosis, Pune. But, I have not listed it here because it would likely be the same brand value as NM (though Symbiosis is cheaper). Plus, I am in Mumbai. So, NM possibly makes more sense between the two. Incidentally, I googled distance MBA Symbiosis and got so many results using the term 'Symbiosis' that I got thoroughly confused as to which one of them is the real Symbiosis. So, dropped it altogether.
Cheers