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I have 6 years of work experience in IT and wish to get into product management. Which is a better course to join - ISB's PGP or IIM Bangalore's EPGP
There are two scenarios for product management
- B2B: Business to Business product management does not necessarily require MBA
- B2C: Business-to-customer product management is better with an MBA degree. The placements for MBA will get you a high-paying job in B2C product management. B Schools like ISB prefer a work experience of at least 4-6 years. Roles offered through placements include senior product manager to product manager.
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.
How good is the Management Programme for Family Business in ISB Hyderabad?
I can share my brother’s experience for SP Jain School for Global Management. The Global Family Managed Business (Global FMB) is an innovative 12-month Tri-City programme. It is designed to provide the knowledge, skills and attitude required for family-managed businesses to address challenges that are unique to family-managed businesses.
Global intelligence is a unique consequence of the Global FMB programme as participants are given opportunities to live and study at our campuses in Dubai, Mumbai and Singapore, and as a result, develop the skills necessary to take their business global.
For those aspiring to enter the corporate sector, a traditional Master's programme is ideal. The FMB of S P Jain acknowledges that family businesses have unique business and family challenges involving ownership and management issues, and is designed to incorporate comprehensive coverage of these issues.
S P Jain's GFMB promotes all-round development covering all dimensions of family business so that you can operate with experts in all fields.
How good is the Global Management program at XLRI Jamshedpur? What is the placement record?
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.
Is there a specialization for Human Resource Management at the ISB in Hyderabad?
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.
Should I spend 2 lakhs on a certification course from IIM Lucknow and Wiley in Product Management? However, I would want to change my job role from Business Development to Product. Is this a good way?
- A certification course only provides you with a certificate, not actual skills.
- Product managers are never hired based on their certifications. That is something that no company ever does.
- Theoretical skills are frequently taught in most B schools. Companies today have little time and patience for such talent unless you want to start as a fresher.
- Consider the product management certificate to be an add-on rather than a core feature. This is the most important mental shift to make to get things started right.
- Learn the fundamentals.
- Begin observing your surroundings.
- Begin to wonder why some things work and others don't.
- Begin writing. Writing clarifies things. A product manager's most important skill is writing.
- Next, analyze a product (any of your favorites) to understand the user experience and product decisions (for example, why did WhatsApp launch the basic group admin feature after so many years, why did hike shut down despite massive funding/userbase, and so on).
How is IIM Kozhikode for HR?
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:
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Legal Aspects of HRM
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Strategic HRM
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Some Recent OB Inputs for Enhancing Employee Performance and Humanistic Orientation in Workplace
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Compensation and Rewards Management
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Performance Management
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Leadership: Applied, Conceptual and Evolving
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Discovering Self
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Negotiations & Conflicts Resolution
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Management Consulting: Profession and Practice
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Managing Creativity
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Organization Change and Development
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Recruitment & Selection
Honestly, IIM Kozhikode is not a good option for HR. IIM Ranchi or SCMHRD are better options for the same.
How is the Executive Advanced General Management Programme (1 year) at IIM Lucknow? What are the opportunities?
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
- professionals with considerable experience (+10 years) , who are also managing a large team
- people in the consulting industry
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.
Shall I go for PGDBM from NMIMS, or shall I go for PGCBM from XLRI, Jamshedpur? Please feel free to advice any other course, apart from these two related to EMBA. I have 5 plus years of experience.
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.
Which certification course is the best for project management, IIM Rohtak or Six Sigma Green Belt from Indian Statistical Institute?
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.
Which is better, SPJIMR PGPFMB or SP Jain GFMB?
SPJIMR PGPFMB (Post Graduate Programme in Family Managed Business) is a better and clear choice between the two.
This program was launched by SPJIMR in the year 1997, so it is quite a renowned program. This program has a network of 4000+ alumni to take guidance from. This program offers a classroom learning experience, and it last for 18 months.
The fee for the program is 16 lac for 18 months. While the GFMB program was launched recently by SP Jain Global, so if you have a choice, then I would recommend you to go for PGPFMB.
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