Executive MBA: The Executive Masters of Business Administration

The Executive MBA (Executive Masters of Business Administration) is an increasingly popular option for business professionals who want to improve their skills and add a degree to their resume.

The Executive MBA is also an increasingly popular option for business schools who realize that offering such a program can bring a great deal of income, prestige and attention to their school.

With typical programs fees ranging from $20,000 - $100,000 (and perhaps even higher depending on the specific program and the demand) it's not a cheap option.

The idea behind the Executive MBA is to provide experienced professionals the opportunity to gain a professional university degree in business without having to quit their job.

In this regard an Executive MBA can provide you with flexibility to continue your education without too much disruption in your professional and private lives.

In addition to looking good on your resume, an Executive MBA can help you gain important insight into current and future trends in the business world, expose you to new contacts who might be relevant to your career and also help you improve upon existing skills or learn new ones that you can apply in your current position.

Increasingly, there are options available for busy, working professionals who want to attain a certain educational level but don't have the time to do so with "traditional" classroom-led programs and might not have the ability to quit their job to pursue it.

The 3 Idiots of the Education System

"I am beginning to suspect all elaborate and special systems of education. They seem to me to be built up on the supposition that every child is a kind of idiot who must be taught to think". ~ Anne Sullivan.

I was conducting a Discover Your True Calling workshop at IIM, Indore last week. I had the afternoon free and decided to see the much acclaimed, high-grossing Bollywood movie - "3 Idiots". I thoroughly enjoyed the movie, largely because it is a complete indictment of our education system. The message was strikingly similar to the theme of my workshop.

The film is about three students who do not really fit into the prestigious engineering college and are considered idiots by their professor. However, the movie clearly shows who the three real idiots are - the educational system, the teachers and the parents. Reflecting on the movie on the flight back to Mumbai, I realized that any real change in education is possible only by transforming these three constituencies.

Idiot #1 - The Education System:

Our current system is performance-oriented rather than mastery-oriented. The emphasis on examinations forces students to learn by rote. They focus on scoring high marks rather than investing the time and energy to understand the subject in depth. A system where true geniuses like Einstein and Ramanujan are considered poor students really needs its head examined. In the movie, this is brilliantly brought out by Aamir Khan playing Rancho - the truly outstanding engineer who goes beyond the book to gain mastery.

Idiot #2 - The Teachers:

Our current system of pedagogy is faculty-led and follows a fixed curriculum. The average teacher assumes that there is one right answer and that (s)he knows the answer. It is the rare teacher who has the ability to facilitate rather than teach, to nurture rather than preach and to support students who stray from the well-trodden path in search of creative ways to learn. Boman Irani as Viru Sahastrabuddhe does a superb job of bringing to life a dogmatic, highly competitive, over-confident college professor - the antithesis of an ideal teacher in every way.

Idiot #3 - The Parents:

When India's HRD Minister Kapil Sibal suggested scrapping of the 10th grade exams, parents were the first to stand up against the proposal. Parents want their children to be at the top of their classes, get admitted to the best colleges and follow traditional career options - engineering, medicine, management and the like.

Parents rarely encourage their children to discover their true passions and pursue mastery rather than mediocrity. The movie's middle class Quereshis, who want their son to be an engineer, and the poorer Rastogis, who see education as a way out of poverty, are typical of today's Indian parents. They would probably be the toughest nut to crack.

The 21st century calls for talented people who are masters in their chosen fields of work. It calls for collaboration among passionate individuals, from different disciplines, to address the truly challenging issues and opportunities that the world presents. The current assembly-line approach to education falls severely short. We are not equipping our children to succeed in their world. The appeal of the movie is universal and obvious.

But what will it take for all three of the constituencies above, as well as the student community to rally around to a new educational order? Please share your perspectives. We need to work together to bring about transformation in this vital area of our society.

Education in Third World

With the daily challenges posed by economic difficulty and other threats, governments in developing countries are working very hard to ensure that their educational institutions continue to provide a standard of education that can make its citizens at part with the educated people in more economically sound countries. To a certain extent, these Third World countries have succeeded in their crusade for quality education. The problem is that a good education comes with a price and it is often a price that many people in Third World countries are not able to pay. So, although quality education is available, it is still unreachable for a large segment of a developing country's population.

Certainly, it is impressive to see that developing countries have educational institutions that are world-class and which offer education that can rival that provided by wealthier nations around the world. There is a clear recognition of the role that education plays in overcoming hardship and poverty. However elusive it may be, a good education is still viewed as the best way to a better life.

Among the developing countries that have superb educational systems are such "emerging markets" as Mexico, India, Brazil, Turkey, the Philippines, Egypt, South Africa, Malaysia, Thailand, much of South America and several of the Persian Gulf Arab States.

Obviously, the poorest of the poor in these countries will have a hard time getting into the best schools in their vicinity. Of course, there are always scholarship programs available but these are few. Besides, people at the lowest spectrum of the economic scale are more concerned with more pressing issues related to their mere survival such as where to find food and money for clothing and shelter. After these basic needs are met, that is the only time that parents can really focus on their children's schooling. In fact, studies indicate that once their basic economic needs are met, the first priority of most poor families is how to send their children to a good school.

India recently launched EDUSAT, an educational program aimed at giving quality education to even its poorest citizens. Among the group's first initiatives is the development of a $100 laptop which the government hopes to distribute by 2007 to public schools all over the country.