There are two scenarios for product management
The fact is no matter what your skills are, this industry is biased towards MBA. So the final decision should depend on what you are going for.
XLRI's two-year full-time AICTE-approved Global MBA program is designed to meet the current business needs and demands of global business leaders. GMP program is focused on providing a rigorous academic curriculum, as well as opportunities for students to learn from three leading economies in the world - India, China, and the United States by allowing them to participate in live internships and college events in each of these countries, as well as a full-time summer internship and organize events in their own.
The program is taught by top professors drawn from the top colleges of each of the three countries. The course is also well-supported by the XL Alumni Network, which sees the program as providing tremendous opportunities in today's world. The batch of students in XLRI's Global MBA program sees a good mix of freshers as well as professionals with work experience.
The Global MBA course has been readily accepted by the industry, with all students getting placed after completion of the program. Quoting directly from the latest placement report: “The average salary saw an increase to INR 32.7 lakhs per annum from INR 30.7 lakhs per annum in 2022. Highest domestic offer at INR 78.2 lakhs per annum from the ITES sector. Highest international offer at INR 1.1 crore per annum for the HR domain.”
The benefits after completing the program are likely to outweigh the cost of tuition and other expenses. The benefits come from the learning, networking, exposure, branding, and skills developed in the program.
It is important to note that the Indian School of Business (ISB) does not offer a specific course structure that trains students to become Human Resource Managers. The Post Graduate Program in Management (PGP) at ISB is a general management program that covers various aspects of business, including human resources. However, the Fellow Program in Management does have an area called Organizational Behaviour and Strategy which is closely related to Human Resource Management.
While at ISB, students have the opportunity to take subjects related to human resources such as Strategy and Leadership, Entrepreneurship, Healthcare, Public Policy, and Strategic Performance Management. Additionally, ISB hosts a 2-3 day program for executives that focuses on linking human resources with business strategy. However, this program cannot be considered a specialization.
If you are specifically looking to specialize in Human Resource Management, you may want to consider other business schools such as the Indian Institute of Management, Bangalore, XLRI Jamshedpur, Xavier Institute of Management Bhubhaneshwar, or Xavier Institute of Social Service Ranchi, which offer full-time courses in Human Resource Management. Additionally, there are short certification programs offered by organizations such as Talent Management Institute, HR Certification Institute, Society for Human Resource Management, and Human Capital Institute, which could be a good option for working professionals looking to change their field of work or add HR credentials to their CVs. These programs are also cheaper than regular full-time courses.
IIM Kozhikode does not offer any specialization degree. It offers a General Management or PGDM (Post Graduate Diploma in Management). This is somewhat equivalent to an MBA. It doesn’t offer specific PGDM in Operations, Finance, HR, etc.
A variety of electives are offered in the second year. You may choose these on the basis of your interests and the career you wish to pursue.
The area offers a list of elective courses in which the students choose to have a career in the human resource field or develop their people management competency. Some elective courses are as follows:
Legal Aspects of HRM
Strategic HRM
Some Recent OB Inputs for Enhancing Employee Performance and Humanistic Orientation in Workplace
Compensation and Rewards Management
Performance Management
Leadership: Applied, Conceptual and Evolving
Discovering Self
Negotiations & Conflicts Resolution
Management Consulting: Profession and Practice
Managing Creativity
Organization Change and Development
Recruitment & Selection
Honestly, IIM Kozhikode is not a good option for HR. IIM Ranchi or SCMHRD are better options for the same.
Rather than inquiring about the worth of a course, one should analyze whether the course is suitable for them or not. Your preference should be a priority not the worth of the course.
That being said, Executive MBA programs are suitable for
If you don’t belong to any of these 2 categories, then the course is of no real value for you. This is because this program is far sighted and focuses on managerial elements like Organization and Strategies. Unless you are a consultant or a top manager this knowledge will be of little use. So go for it once you belong to one of the two categories only.
XLRI has a strong reputation for Human Resource (HR) management and Industrial Relations (IR) studies. If an individual is specifically interested in HR/IR, then XLRI would be a better option compared to NMIMS (Narsee Monjee Institute of Management Studies). However, if you are looking for a general management program, then NMIMS would be a better choice because of its excellent peer group and rigorous curriculum.
XLRI is still a good institute for other streams, but it is more specialized in HR and IR. Similarly, NMIMS is known for its general management program, and it may not have the same level of expertise as XLRI in HR/IR.
Both the certification courses PMP and SSGB fall under the Operations domain yet are very different in reality.
PMP: This course facilitates handling and delivering projects efficiently and quickly. If you are interested in Project Management, the best option is the Project Management Professional (PMP) certification which is affiliated with Project Management Institute, PMI, USA. It
also provides PDUs.
SSBM: This course facilitates proper optimization of business processes, minimizing waste and time wastage. If you are interested in the Six Sigma Green Belt (SSGB), then Indian Statistical Institute (ISI) Kolkata is the best option available. Some even think ISI Pune is good yet I will recommend you to go for Kolkata itself.
The EGMP or Executive General Management Program aims at providing comprehensive knowledge of business that helps managers enhance their decision-making skills.
Suitability
The course is suitable for those who
The course is eligible for people with a minimum experience of a year only. You will get the chance to interact with professors/alumni and peers from various sectors. The best EGMP program is offered by IIM Bangalore.
The question should be which one is better for me. Because one course might be good for you but not for others while the same course might be good for others but not for you. So check what you want from the course and then decide which one is best for you.
If you are just passionate about digital marketing and are serious about working in an organization for the same, then the MICA program is the best one for you.
But if you want to broaden your options and look everywhere at once, then IIM Raipur is a good choice for you. It’s a good choice because
IIM Raipur is however not a probable option if you are just into digital marketing. This is because it’s not definite if the placement opportunities offered by the visiting companies match your interests. So make a choice after thorough research and thinking.