"Credila - The Education Loan Specialist Wishes You a Very Happy and a Prosperous New Year"

Credila One That Truly Aides Aspiring Students to Change their Lives for the Better

“Credila is the best institution for students and one that truly aides aspiring students to change their lives for the better. Also, I would like to add that I am grateful to the entire Credila team for their prompt and timely support and guidance no matter how small my query is.”

Ekta Ghelani,  MBA – Finance at Pace University, New York

Master Brand Status Conferred On Credila!

"Nov. 23, 2012 (Mumbai) : Founded by brothers Anil and Ajay Bohora, Credila Financial Services is now a master brand!. Chief Marketing Officers (CMO) Asia conferred Master Brand status to Credila during the Master Brand Awards ceremony held at Taj Lands End on Nov. 22 in Mumbai. The Master Brand Award was conferred to Credila by Mr. Donovan Neale-May, Executive Director of CMO Council at a glittering ceremony. Dr. Forbes was the Chief Guest of the event. "The journey from founding Credila to becoming a Master Brand has been extremely exciting! We at Credila have been working passionately over the years towards enabling students to achieve their dreams of higher education.
"We accept this honor on behalf of all Credila Team members and all the parents and students who trusted brand Credila", remarked Co-Founder and Chief Executive Officer of Credila. Mr. Ajay Bohora further added, "Rock solid support of HDFC Ltd. has been quite critical to the success of Credila." Mr V S Rangan , Executive Director , HDFC Ltd. remarked, "Credila has been an important subsidiary of HDFC Ltd., which is exclusively focused on Education Loans. Credila's technology driven work flow and student engagement platforms have been quite effective. With Master Brand status, Credila has now entered a new league!"
CMO Asia inducted Mr. Vimal Prakash, Head Marketing, HDFC Ltd. as the Member of The Global Advisory Board of CMO. Mr. Ajay Bohora, Co-Founder and CEO of Credila was inducted as the Member of the Global CMO Council Board"


“Credila Ltd. helped to fund for my studies and I appreciate their fast loan procedure

“Credila Ltd. helped to fund for my studies and I appreciate their fast loan procedure. Credila is a brand name for assurance and with all of the branches it have globally, it’s the best and quickest way of service one can get. Also, during the visa interview, the Visa Officer prefers candidates who show bank loan from a well accredited Service.”

Adarsh Reddy,     M.S in Networking & Communication at George Mason University, Fairfax, Virginia.

Sanctioning The Loan Within Five Working Days

 “I did not have a very good experience with my previous education loan taken from a nationalized bank. Moreover, due to time constraints, I started looking for other options, through which the loan can be sanctioned within less than 10 days. I came to know about Credila and approached them. I really appreciate their efforts in sanctioning the loan within five working days just like they promised while taking the required documents. Also, my parents were very supportive throughout the entire process, without whom I wouldn’t have been sitting here in College Station and answering these questions for future aspirants!” 

Manjusha Sala, MS in Science and Technology Journalism at Texas A&M University

The entire processing was done in time and efficiently

"Thank you for giving me this opportunity. "I am extremely happy by the professionalism shown by all Credila associates I worked with during the whole tenure of loan processing. They have been extremely helpful, co-operative and committed entire time. Initially there were two major reasons for choosing Credila over others. Firstly because my father and I work in different states, yet the whole process was managed such that none of us had to travel even once, not even to Credila office. Each and every step in the loan processing was effectively managed over the phone itself. Secondly the amount sanctioned without collateral is higher than other banks and it directly fitted into my bucket. The entire processing was done in time and efficiently. My parents and myself are very satisfied by service provided by Credila for my Education loan."
Rohit K., Mumbai, 2012-13
S. P. Jain Center of Management, UAE

Prompt Assistance in Sanction and Disbursement of Education Loan

Thank you for the prompt assistance in sanction and disbursement of the education loan for my son’s post graduate studies at NICMAR, Goa . It was a pleasure in dealing with CREDILA where I found that the definition of the requirement of documentation was very clearly laid out. Once all the relevant documentation was submitted to Credila’s office the processing of the loan took place at a very fast pace.

The quick response was what was being sought from the financing agency, as there was a deadline for payment of the first installment of the tuition fees which was only a week away from the day that I was in a position to submit all the papers, and the same was met. In approaching CREDILA I think I took a correct decision as the whole process took place without any hitch.

I once again thank Credila team for the very prompt and timely assistance provided in this matter.

Prashant G., 
Father of Student studying in NICMAR 2012

Explore, Dream and Discover

“20 years from now, you will be more disappointed by the things you didn’t do, than by the one’s you did do. So throw off the bow line. Sail away from the safe harbour. Catch the trade winds in your sail. Explore. Dream. Discover.” - Mark Twain

What Can Be Done To Get The Most Out Of An MBA Program?

An MBA program is a huge commitment in terms of time and money. It exists to provide students with valuable business tools to ensure success in the workplace. But all the tools in the world become meaningless and useless until we learn how to use them effectively. However, more often than not, students who are doing their MBA courses miss out on the programs total effectiveness rendering it useless in practical life. By the time the program is completed and the person takes up a job, many of the theories he or she learnt at the job might be redundant if it is only theoretical knowledge that the student has gained. Therefore, what is required is absorption of practical knowledge along with theoretical information and problem solving skills.

An MBA degree once conferred upon an individual is like a passport to a new life as it can open many doors. However, a managerial position in any organization calls for certain skills which need not catch a new employee by surprise. If the program is fully exploited then it is likely that the transition from student to employee can be a smooth one with no unexpected surprises or jerks.. A few tips to get the most out of an MBA course are as follows:

1. Learn by practice
A lot of times studying happens when the exams are nearing and at that time it is likely that what is learnt is only stored for immediate recall during the exams. Information crammed in the last minute is not assimilated and therefore will not be available when required. The best way to derive maximum benefit from an MBA program is to study with interest and learn to acquire knowledge. Since the curriculum is designed to suit current organizational requirements, knowledge acquired during the program will help the student to manage real-life situations as and when they crop up.

2. Interaction with the faculty
MBA faculty definitely come with the knowledge and experience which makes them a unique, class apart group of people. These people by being available in a classroom are giving students the valuable opportunity to ask questions, learn and share their experiences and this is a great opportunity for MBA students provided they realize the potential behind the same.

3. Interaction with visiting faculty
Visiting faculty normally hold senior, existing positions in the corporate world and they are a window into an unknown future for students. Through their eyes, they can see into this world and learn about it even before they enter it.

4. Practical lessons like business plan preparation
An MBA program helps the student to actually evolve a business plan through the course. Once again, all practical lessons are not created just to acquire marks. They are a tool to understand how to perform in the corporate world and thus they needed to be treated as such.

Along with the above skills, during an MBA program one can develop his or her communication, interpersonal, presentation, time management and interviewing skills which are all extremely important survival aids in the corporate world.

What Are The Best Options For An Engineer For Higher Education?

An engineer who views his stream as an opportunity to earn his living will definitely not want to pursue higher education simply because the whole process of studying engineering itself calls for a lot of commitment and sacrifice. The course requires concentration; it is challenging and leaves a student with very limited time for extra- curricular activities. Obviously students look forward to embarking on a career and do not want to be burdened with heavy studying for another couple of years. However, for some people, engineering is not a vocational program. It is, in fact, their call in life. They are those who can be called born engineers who have an active left brain making them analytical thinkers and problem solvers. For such people, a graduation program provides them with basic knowledge which only sets their mind on fire for more knowledge. For these engineers, options are to pursue an MS and then later a PhD in engineering.

Going back to school to earn a PhD in engineering or IT is a major commitment. For some it's an obvious decision, but for others it takes more consideration. Depending on long-term career goals, getting a PhD may be an essential step on a career path. Before one decides whether or not to pursue a PhD, it is important to first understand what it entails.

A PhD program one must remember is a multi-year project which calls for self-reliance, discipline and commitment. It is not about classroom studying and instead it is about innovating and problem solving. A perfect program for a technology driven individual.
"If you want to do highly analytical and specialized work such as operations research, artificial intelligence or nuclear physics in industry or in academia, a PhD is often required," says Melissa Lawrence, director of human resources, ITA Software, Inc. in Cambridge, Mass. "If you want to solve interesting computer science problems, a PhD might be an asset, but would not be required."
Lawrence adds that in her experience, technical graduate degrees are more important if you want to be on a technical career track as opposed to a management career track.

So does this mean that others should not pursue higher education after their engineering?

Not really. In fact, for those who have viewed their engineering program as vocational training will benefit largely by pursuing an MBA program as an MBA program offers them variety within the cachet of jobs available for engineers. They can choose programming, testing, designing or they can even move into business development, sales and marketing.
Dr. Andres Fortino, dean of Polytechnic University's Westchester campus in New York, says that advanced degrees represent educational opportunities for transformation, which training experiences do not always provide. "Obtaining an advanced degree prepares one to develop a new mind set and a deeper knowledge of a subject."

When to pursue higher education

Deciding whether to pursue a higher education program right after college or after a few years working in the field is another choice one must make. There is no "right" time to go to grad school, but for those interested in becoming a professor or doing research, it is perfect that they do this as a continuous process without breaking the pattern.
Combining work and school is also an option. "These days going to school part time while working is much easier than it once was," Fortino says. "The economics of earning a salary while having some or all of your education paid for by an employer offsets any sacrifices that are made in your personal life."
Keep in mind that experience is especially important when considering graduate school as a way to change one’s career focus. "If a technical person wants to switch to management, it is definitely better to wait five to six years to accumulate enough work experience to pursue the transition into a manager or business person," says Fortino. "Most schools require that much work experience in their MBA candidates, for example."
"From a hiring perspective, I like to see people take a break between undergraduate and graduate school," says. "I think gaining real-world experience makes employees more balanced graduate students and eventually more well-rounded employees. For most positions at our company, too much theoretical work and too little industry experience can be a detriment."

Should Bachelors Degree Be Done From Abroad?

There was a trend some years ago when Indian students chose to go abroad for higher education but now the trend is shifting with students going abroad to not only pursue higher education but even to complete their basic graduation. Statistics reveal that the number of Indian students opting for Bachelors or under graduation programs abroad is showing a significant 13 percent year-on-year growth.

One of the main deterrents for obtaining a bachelors degree abroad is that in most countries bachelors programs are of four years duration while in India it is only three years. The second factor is cost and a bachelors program abroad could be quite expensive compared to a similar program in India. When it comes to MBA, the decision becomes easy as brand value enhances job potential and students are willing to travel and spend more to obtain MBA's from recognized universities abroad. However, as far as bachelors programs are concerned there is no real data to indicate that an international bachelors degree can attract better jobs in India versus the same degree being obtained from a college in India.

However, for students who wish to continue to study abroad, starting at graduation level makes sense as it attunes them to a foreign environment earlier and makes for better adaptability. If, for example, a student wishes to procure an MBA degree, completing one’s graduation in an average Indian college may make it difficult to obtain an MBA seat in terms of competitiveness. However, studying abroad helps the student by providing him or her the advantage of a recognized bachelors degree making the whole admission process for an MBA program easier.
Looking at it objectively, the following are the points you need to consider:

Choice and Flexibility

International universities to remain on par with the best ensure that their campuses, faculty and education level math the best. They provide for an international learning experience which cannot be obtained at home and this makes a big difference in terms of learning experience.

Career Advantages

Studying and living in another country gives first-hand international experience which sets one apart from other job candidates. Companies look for global-ready graduates who have the skills to adapt to a global work culture.


With the ability of shorter term programs, the cost of living being on par with the U.S., and a favorable exchange rate, studying abroad is surprisingly affordable. Cost is often on par or less than out-of-state tuition.

Unparalleled Student Experience

Students who graduate in America benefit from learning about the lifestyles and cultural differences and this makes it easier to live abroad if one’s job requires them to do so. They now have the advantage of being born Indian but becoming a global citizen.

Graduation from Europe, Australia, New Zealand and the United Kingdom once again provides for standards of excellence in education systems which are crafted around independent learning, creativity and innovation – skills required for survival in the corporate world.

Culturally enriching a student learns and absorbs the culture of a country far different from his own, giving one’s mind the expanse to dream beyond confines. An open mind enables out-of-the-box thinking and helps the student to succeed in whatever field he or she chooses in life.

Is an MBA Program from Europe Better Than an MBA Program from USA ?

When it comes to choosing a world-class MBA program, the dice still falls in favor of the United States which is after all more than 100 years old. But things are changing now and a glance at numbers suggest that more and more business schools across Europe, Asia and Australia are attracting the best students and faculty from across the world. To remain competitive and be on top these same institutes are willing to spend more time and money ensuring that their faculty and campus are top quality.

But what are the real pros and cons between choosing an MBA program in America, or any of the ever-increasing breadth of courses offered in Europe? And what are the significant differences between American and European MBA programs?

In terms of the growth in students and ranking, Europe is fast catching up to the United States. Promising to simplify degree qualifications and nomenclatures, the 1999 Bologna Accord has added some uniformity to European higher education. The purpose of the Bologna Process (or Bologna Accords) is the creation of the European Higher Education Area by making academic degree standards and quality assurance standards more comparable and compatible throughout Europe, in particular under the Lisbon Recognition Convention. It is named after the place it was proposed, the University of Bologna, with the signing in 1999 of the Bologna declaration by Education Ministers from 29 European countries. About 46 countries including all the 27 members of the European Union, with the exception of Armenia, Azerbaijan, Belarus, Georgia, Moldova, San Morino, and the Ukraine have decided to adopt the Bologna Accord this year – 2010. The continental business education market has grown as a result, particularly for Masters in management courses.

With more than 500 MBA programs being offered in Europe and nearly 700 in the United States it is still a tough choice for students to decide which continent to go to. But what are the basic differences between the two regions? Speaking generically, schools in the U.S. are much larger with an average student strength of nearly 300 while in comparison European schools have an average student population of around 125 for an MBA program. The second distinct difference is the length of the program. Typically speaking a European MBA is one year in length while a U.S. program runs for two. Leading and well reputed American business schools might have more world renowned faculty than European schools but that does not necessarily make the programs superior. The faculty might be famous but may not be actually great teachers and also with busy careers the amount of time they devote to students might be extremely limited.

An important difference is that European schools have a significantly higher percentage of non-national students and faculty members than their American counterparts. Of the top business schools in the United States - Wharton, Columbia and Harvard - roughly 33 to 45 percent of students came from abroad. That figure is close to 90 percent at some of Europe’s top-ranked business schools, including London Business School and INSEAD. A survey of the proportion of overseas faculty members at those schools reveals a similar trend.

Clearly, differences in MBA programs reflect the differences in national and regional business cultures. But like globalized business, b-schools around the world are becoming more alike each year, with many school’s developing globally-focused curricula. Meanwhile, dozens of new trans-national partnerships are developing between US, European, and Asian business schools.

Wherever one chooses to study, doing an MBA abroad is arguably the best-possible introduction to business life in that country. And most would agree that taking up the challenge of studying abroad cannot be only financially rewarding, but personally rewarding, too.

Is It Worth Spending Over Rs.20 Lakhs For An MBA Program Abroad?

An MBA costs a lot of money and requires effort. For those who are aiming for B-schools abroad, the fact to be remembered is that these programs can cost upwards of Rs.20 lakhs. So the question which crops up is, is it worth?
To answer this question one needs to look at both the short term and long term advantages of studying abroad and then mapping these to one’s personal expectations from an MBA. Some of the key advantages of a foreign MBA are:

Internationalization: Foreign universities have students from all over the world. So, from the word `go’ it is global exposure in terms of interaction. This sets up a student for a global work atmosphere which is key to landing a job with a good international organization. A typical classroom might have around forty students from diverse cultures and backgrounds and this is one of the most remarkable benefits of studying abroad.

Exposure: An MBA abroad would mean relocation to a foreign country and this gives students the added advantage of living in a foreign country and adjusting to the culture and life style there. This preps up the student for a future in which it might be necessary to live abroad or travel frequently.
Course structure and faculty: One of the key factors which can influence this decision positively is the faculty in international B-Schools. Highly literate and from diverse backgrounds, the faculty comes with the exposure and experience to recount global case studies and international experiences giving students the rich exposure that a program such as this rightly deserves.

Cost: is a large deterrent when deciding to procure an MBA abroad, but when you look at the job opportunities as well as the salary structures which await international MBA students then this factor diminishes and loses its importance. A typical post-MBA job abroad might get a salary of US$100,000 which works out to approximately Rs.45 lakhs. When weighed against an investment of say around Rs.20 lakhs, it makes monetary sense to opt for a program which ensures that your efforts were worth it.

Better Compensation: Senior level roles offer greater compensation and there is proof that an international MBA in a CV can result in salary growth along with a great starting salary. The top ranked schools in the FT Global MBA rankings reported increases in salary of over 100% and all schools, in the 100 schools ranking, reported increases of over 50%.

Career propulsion: An MBA abroad sets up a student for a career jump in India as students with international MBAs are wanted and offered good positions in leading organisations. Also, if the student is looking for a career abroad, then it is extremely likely that an international MBA will be favoured more than a local one. Thus, an MBA abroad ensures that the student lands his or her dream job soon after completion of the program.

However, while all these reasons make great professional strength, the most important question to be asked is not whether it is worth spending Rs.20 lakhs but more importantly, will this program help me to achieve my personal goals. So while the answer to this question remains personal, overall it makes huge sense to go for an MBA abroad.

In Today’s Economy Should An Engineer Pursue An MS Or An MBA?

Most if not all students who are completing their engineering do wonder what they need to do after their engineering, i.e. pursue education or take up a job. If it is pursuing higher education, there is always confusion on what to study. One key factor triggering this trend to pursue higher education is the global recession which has made the job market tighter. Mere engineering graduation is not enough to land a good job.

However this question should not be based on the value of the degree but more on what the person wishes to do. If an engineer does not wish to become a manager ever but would prefer to climb the technology ladder or pursue academics as a career option, it is obvious that an MBA would be a wrong choice and an MS makes more sense. However, if the engineer views his future in a managerial position where he or she will manage an end-to-end project or business center then an MBA is required. This is the best way to take the first step in deciding whether to choose an MBA or MS.

To help make a decision listed below are some of the key differences between the two programs for an engineer. An MS is a continuation to the engineering stream and provides for more in-depth knowledge. If the graduation has been completed in one’s own country, an MS in a foreign country adds to one’s resume’s weightage even as it provides a new experience of living abroad. MS is also more cost effective than an MBA.

MBA on the other hand is a brand new stream and therefore requires a paradigm shift in learning as the subjects, course content and even the way the course is conducted is very different from an engineering program. It is also a sure way to ensure a managerial position in an organisation. Engineers who obtain an MBA can move away from hard core programming and testing jobs to jobs in marketing, sales and business development where there is less programming but more opportunity to meet and interact with customers. This becomes especially interesting if the company’s customers are international as it provides for frequent travel to international locations. Engineers too get to travel to customers’ centers but it is more towards the final stages of a project when the call of duty can be stressful.

Another factor to be considered when deciding whether to pursue an MBA or an MS is the basic personality type of the person! A technology oriented person who is introverted and prefers to spend a lot of time in solving problems may find that MS provides that additional knowledge to understand and resolve engineering challenges. An outgoing personality may find a pure, hard core programming job lonely and depressing. Choosing a job profile which clashes with one’s personality is to set one up for failure in the long run. Hence people with more outgoing personalities will do well to pursue an MBA as the field opens up to choose different job streams within an engineering environment.

How Does The UK Compare with the US in Higher Studies?

United Kingdom is a chosen option for students from across the world. With traditions of excellence which date back hundreds of years, solid dependable institutions and flexible patterns, the United Kingdom has become a preferred option for students from India.

However, what really makes the United Kingdom stand out? Why would a student want to go to the UK instead of the US?

Growing Destination
The top ten countries sending students to the UK are:
1. China 50,755
2. India 19,205
3. Greece 17,675
4. Republic of Ireland 16,790
5. USA 14,755
6. Germany 13,265
7. France 12,455
8. Malaysia 11,450
9. Nigeria 9,605
10.Hong Kong 9,445

Worldwide Recognition

In terms of education UK higher education institutions are recognized for their high education standards, world class faculty and excellent campuses. Some known names are Oxford and Cambridge, but there are several more reputed institutions whose names can resonate with any employer and that’s one of their key advantages. In the US too there are similar universities and their names are also easily recognizable. What is creating a ripple is the fact that even till a decade ago, the words `higher education’ were synonymous with the U.S. but the pattern is now changing with many students ready to explore the U.K. as an option

Education Costs are Lower

The cost of education for an international student in the UK can be lower compared to the USA and other countries. Some courses in the USA can be $25,000 plus a year in tuition alone. Tuition for the majority of UK higher education institutions is in the region of £6,000 to £7,000 a year!

One can also save a lot of money because a degree will generally take less time to complete in the UK than in other countries. Although four-year programs are increasing in popularity, most degree programs in the UK require a three-year course and a master’s program is typically between one and two years.

Work Opportunities

Both the U.S. and the U.K allow international students to work up to 20 hours and this enables students to partly fund their expenses. However, there is no reassurance that jobs will be available and the student can fund his own education.

Scholarships/ Loans

Financing an international education is always difficult. The best approach includes lots of preparation, careful analysis of your budget, and hard work in researching and applying for scholarships. There are a variety of scholarships and loans available to students who wish to study in the UK as well as in the U.S

Multicultural Nation

The UK is known for having a multicultural society with all religions and faiths represented in some way. The UK is very open to new traditions and cultures - something that is a great thing for students from other countries!


A total of 14,000 highly respected academics in 131 countries were asked to rate the world's universities according to how good they thought their research and teaching were.

The results, published by Times Higher Education magazine, reveal that UK universities are second only to those in the US when it comes to reputation. While the US has 45 institutions in the top 100, the UK has 12. Japan came third with five
universities in the top 100.

Harvard was placed first, followed by Massachusetts Institute of Technology. Cambridge University came third, Oxford sixth and Imperial College London 11th. University College London (UCL) took 19th place.
Only academics who had published more than 50 research papers and had worked in universities for more than 16 years were asked to take part in the survey.
There are several other league tables of the world's universities, but this one is the first to go purely on reputation. Universities are likely to use these rankings, among others, to judge how much they should charge in tuition fees.

How Can One Choose An MBA College From The Numerous Options Which Are Available Today?

Higher education becomes the basis of one’s future in the corporate world and is the dividing line between a good job and a great job. Obviously, it does not come easy and an MBA degree from a good school requires a certain amount of effort in terms of time and money. Not every student can get an MBA degree from Harvard’s and Kellogg’s but that does not mean that there are no other good options.

Also, every single student would like to clear CAT or XAT and get into one of India’s IIMs or other top B-schools in the country. But the fact remains that every year there are nearly 400,000 students who appear for the state level entrance tests while there are barely 15000 seats across 100 odd MBA colleges. Obviously, the next best choice is to go abroad and here it becomes extremely challenging for students to decide which college to choose. To complicate matters, one also has to choose the country and across the U.S., Europe, Australia and Asia Pacific opportunities abound making the whole decision making process tiresome.

Here are some tips to consider when choosing a college:
Step one is to decide whether one really wishes to procure an MBA degree and then the second factor which for many people becomes a roadblock is cost factor. There is no option of not spending the money, especially when it comes to education. But one must see that the money is spent on the right place with the selection of right institute for education.
Brand Name: The name of the college is extremely important for MBA degrees as there is a huge difference in acceptance levels in corporates when it comes to appointing MBA students. In fact, everything starting from salary to position is determined by the university from where the student completes his MBA. An MBA from a reputed college like an IIM will obviously attract better jobs than an MBA from a local college.
Quality of education plays an important role as an MBA program is extremely close to real life scenarios as it prepares the student for managing situations in the corporate world. Faculty’s qualifications, style of teaching, their knowledge sums up the entire experience. Therefore, it is worth the while to check out the faculty before opting for a program in a particular college.
Job placements–Campus recruitment is the best place for MBA students to get jobs and the better the reputation and name of the college the better choice of companies it attracts to the campus.
Campus-The facilities of the campus is also very important. A large campus with a lot of space frees the mind of the student and expands his personal horizon. A great campus is like a wonderful memory in a students life and therefore its importance cannot be discounted.
Fee Structure-Though every management college charges a huge amount as a fees for their education services, but still its an important factor to be kept in mind before investing. The fees involved should justify the services and the standard of education provided by the institute.

Does An MBA Program Help Working Executives?

MBA’s for working executives is often referred to as `The Executive MBA Program’. Designed specifically for working managers and professionals with a minimum of at least three years work experience which can go up to 11 years, the course normally requires the candidate to have some managerial experience. The whole program is designed in such a way as to support working executives to continue to remain in employment during the duration of the program. This ensures active participation of current situations in the workplace which are relevant and encourage active discussion and participations amongst the students.

How does the program work

The EMBA program is often designed to develop managerial skills by combining practical experience with key theories in a classroom where the peer group can challenge each other. The most important point to note about EMBA is the fact that students who enroll are not freshers but come with a wealth of experience and their whole objective to join a program is to expand their knowledge and perspective and to better career perspectives. Hence the key difference between MBA and EMBA is the fact that students are experienced and hence have the ability to challenge theories. They can also immediately put into practice their learnings and finally they benefit hugely as the course often teaches them to fill in gaps in skills and knowledge which they may not even be aware that they are missing. They, in fact, become effective managers on completion with astute decision making skills, effective problem solving abilities and well prepared leaders who can take more challenges and responsibilities.

For Yogita Ghotkar, the reason for choosing further studies is simple! “To further my career prospects!” she says, “I have around 3 years of experience as a software developer and I know that to grow further I need to study. It will help me achieve my goals faster.”

Benefits of an Executive MBA Program

Top Faculty

Since Executive MBA students have work experience and hence are more knowledgeable they automatically becoming extremely demanding students who expect the faculty to know things they don’t know. This ensures that the faculty themselves are highly educated and experienced people with consulting experience in the business world.

Exceptional Peer Group

Interaction and communication become the key highlights of an EMBA program as students share real-life experiences and day-to-day work challenges with each other. This becomes a wealth of knowledge for students who can avert issues before they crop up and sometimes promote good practices which were not even thought of earlier. In this way both students and organisations benefit from EMBA programs.

Mid Career Growth

It is often quite possible that professionals drift into what is called the `mid-career crisis’ where they have reached the optimum position which their education and experience can carry them to. Often these professionals find that others jump ahead or sometimes outsiders are brought in to fill up senior positions. This happens especially if knowledge and skills are perceived to be inadequate by the organisation. In such cases, an EMBA helps to fill in knowledge gaps even as it bestows an additional esteemed degree upon the professional. It is now nearly impossible for any organisation to pass over a professional with an EMBA and on the other hand, organisations retain such executives and offer them better positions to attract them to stay on. Thus EMBA is a mid career propeller.

Learning Experience

During the early part of one’s career one is more open to learning and absorbing information, but as one reaches a certain point in one’s career, it is easy to fall into a pattern of set habits, values and decision making capabilities. Advice from seniors is often perceived as criticism and further hampers healthy growth. However, an EMBA program, allows relationship building at the executive level where one learns team building skills and the importance of peers to help one to succeed. By creating a healthy sharing atmosphere, students transfer skills and best practices to each other.

Immediate Applicability

Unlike most theory oriented learning programs, an EMBA because of its relevance to the current business world finds applicability almost immediately. Students even on a day-to-day basis can take back to the office their classroom learnings and convert these into best practices.

New Business Methodologies

In the field of education there are always new updates and current methodologies which working professionals may not have the time to read about. They may, therefore, be caught in outdated practices. An EMBA program brings current relevant learnings to the table.

Thus, EMBA programs are effective educational programs designed for professionals who wish to see their career goals achieved and climb to the next rung in the executive ladder.

Does an MBA Degree Give You A Degree OR Do You Gain Knowledge?

Obviously the first question which comes to mind when one is considering an MBA is, will the degree just help me to get a great job or will it help me to perform the job well. Imagine a scenario where a student lands a job in a large organization and the job even though at fresher level still requires a certain amount of basic managerial knowledge. What will the student do if he or she did not attend classes and instead chose to do some last minute studying to complete the exam? A student who has not got the right exposure or adequate knowledge during the program is setting himself or herself for failure at the workplace!

The whole reason organizations pay a lot of money to MBA students is to get knowledge workers who can be decision makers and problem solvers from the word `go’. An MBA degree gives one the advantage of landing a job, but it is knowledge that ensures that the person can perform the job efficiently and thereby sustain and grow in his or her career.

But the fact to be remembered is that an MBA does give one a degree. A degree is the first step to landing a job of one’s choice and for freshers’ this is the only information they can add to their CV. Obviously, great organizations will look for qualifications first. Even within the large spectrum of MBA degrees, depending on the job profile and the organization one chooses, where or in which university the MBA was procured can also be a deciding factor. Therefore, one of the key factors to be kept in mind is to choose a good and recognized MBA school. The other key advantage of choosing a good school is, the faculty and curriculum will be on par with the best international schools and will ensure that the student does not just study to get a degree but gains actual knowledge to ensure his success in the workplace.

Protyush Banerjee says a student who is doing his MBA from Hult International Business, Boston Campus, that he chooses this particular university for the simple reason that it is a one year course. “Also,” he adds, “there is global rotation options at no extra cost in a one year curriculum – Boston, San Francisco, London, Dubai, Shanghai. Students are posted in a Fortune 500 company for 4 -6 weeks in the one year curriculum and work with professionals in strategizing future growth deliverables.”

A good MBA program is structured to include practical lessons like case studies and many of them require an end-to-end business plan to be written by the end of the program. These practical lessons along with group discussions and interaction with faculty ensures that the student is gaining exposure to practical work related issues and is equipped to perform the job that the MBA degree is sure to get him.

To summarize, while an MBA degree is adequate to get a job, it is knowledge which will ensure that the person can perform his duties satisfactorily without fear or lack of confidence. A smart knowledgeable worker is what an organization looks for when hiring an MBA student and this can be achieved only when the student has looked at the program from the angle of `gaining knowledge’ and not from the angle of `gaining a degree’.