Investing in Executive Education

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The world has undergone significant changes in the last few years. Startups face both challenges and opportunities. AI and new tech continue to disrupt several industries, and a new buzzword amongst professionals is the need for increasing LQ (Learning Quotient). How does one keep pace with so much information, and how does one prepare oneself for these changes?

We have been tracking the Executive Education space closely. Especially in the Management Education space. How can management professionals make themselves relevant? Constantly increasing LQ requires a serious investment of savings in upskilling and reskilling. The top IIMs have become very active in Executive Education in recent years because of decreasing funding support from the government and the pressure to generate revenues. However, the programs are out of reach for many professionals. Spending lakhs on short-term or long-term courses drains away most of your savings.

And yes, there is this craze about brand image! Many professionals justify spending their hard-earned savings with the belief that doing a course from an IIM will increase their chances of professional growth. The reality is that no one really cares. Also, a short burst of learning spread across 3-5 consecutive days often gets forgotten in quick time. Having programs spaced out can help in reflecting and applying the learnings to one’s own circumstances. It is important to have a mix of theory and practice that provides space and time to digest important takeaways. And yes, the faculty who take sessions really MATTER. Practitioners who can combine theory and practice are the ideal teachers. Imagine someone teaching entrepreneurship without having done anything on his or her own, OR someone teaching finance without having to make real-time decisions that can impact an organization’s finances OR someone teaching strategy without having to drive key strategies that can impact organization’s future – this is the dilemma faced with pure play academicians who take Exec Ed sessions. In the IIMs, this deficiency is compensated for by inviting practitioners, but there are limitations in engaging practitioners.

Executive Education in the management space is already seeing a shift. People want learning that lends itself to measurable impact. Do you see a shift in the consumption of learning by working professionals?