job early and use the time as ' study-leave '. The benefit of this model is that fresh and young MBA candidates are inducted as employees . They hardly have prejudices , they are coachable , flexible and prepared to start from the grassroots .
But lack of corporate exposure brings a few issues in terms of discipline , corporate manners , processes , etc . The organization has to invest in further grooming and developing them . The attrition rate is also relatively high as they don ' t know that ' the world is the same everywhere '. They face internal resistance from other employees who feel they have been undermined due to these youngsters . Usually , these young MBAs are poor in handling manipulations & understanding the under-currents . They can hardly read ' between the lines '. They become victims of politics , lose interest and do job-hopping during the initial stages until they become professionally matured .
The American Model
American B Schools want students to work for at least 5 years after their undergraduate degree and get promoted to a managerial level . They expect candidates to demonstrate leadership potential during this period . B Schools want candidates to join industry , rise to the level of manager and then go for management education to get transformed into leaders from managers .
American model focuses on the case study method as a pedagogy . They expect students to do self-study for theories and concepts while faculty conducts the case discussions in the class . The case study method is a simulation method of decision making . Students are trained using real-life business situations , issues and dilemma . Pursuing MBA from America is a costly affair . A good GMAT ( entrance test for global B schools ) score of 700 + ( out of 800 ) is required for securing the admission , over and above other parameters . Stanford which is one among the top 3 B schools of the world , situated in California defines 3 parameters for selection : Intellectual vitality , Demonstrated leadership potential , and Personal qualities & contributions .
Candidates have to write a strong statement of purpose explaining why they want to pursue MBA from those institutions and what unique experiences and expertise they bring to the MBA classroom . Additionally , they have to write
an essay on the given topic and provide recommendations from the seniors at the work and professors . Diversity is an important factor in admissions . For example , Indian , Male , Engineer has to struggle very hard because of the toughest competition in this category while Girls with Commerce background would find it slightly easier to get in .
One Year-MBA
This model is more rigorous because of the paucity of time . The course gets over in less than a year . It requires candidates with minimum 5 + years of experience . Initially , it was designed for candidates who were sponsored by their companies and couldn ' t stay away from the work for 2 long years . But later the focus got diluted and the model got dominated by non-sponsored candidates . In India , ISB-Hyderabad is using this model but in the USA it didn ' t succeed because of its inability to add the required value in the given time . There are very few options available today .
Executive Education
It can be a part-time or full-time course designed to take a short break from work or use weekends for personal development . The focus of such programs is on developing a class dynamics by selecting high profile candidates who have already raised to a leadership level and are groomed by the organization as the emerging leaders . All the participants bring in their rich , cross-discipline experience from different industries and facilitate collective learning .
Faculty is more like a coordinator and steers the class discussion in the right direction . This degree also helps in developing networks . Some courses make the candidates stay at campus for a few days after a gap of a few months . It helps them to work on their assignments and projects specific to their work which bridges the gap between their work and academics . Normally this model focuses on business strategy and other related areas required by the top management . Professionals who have pursued their MBA at a young age ( particularly from Tier 2 B Schools ) also tend to upgrade their knowledge by doing this Executive MBA from the reputed international B Schools .
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