It is called PGPpro and is a weekend Post Graduate Programme in Management for mid-career working professionals and entrepreneurs that the Indian School of Business (ISB) has just announced. It is to be offered in Delhi and Hyderabad.
"This is the first time ISB is venturing off campus to offer the executive MBA equivalent programme on alternate weekends over a period of 16 months," says a release put out by the school explaining that it is "aligned to the requirements of mid-career professionals looking to consolidate their careers. It prepares participants to enhance their understanding of management techniques along with exposure to current best practices that will allow them to leverage potential opportunities and tackle challenges effectively, leading to advanced professional and personal growth."
It is designed for mid-career professionals with a minimum of five years and a maximum of 12 years of work experience only. Classes for this, which are to commence in January 2017, cover a curriculum that is said to be focused on providing a major in Strategy and Leadership and a minor in either Finance or Marketing.
The fees are Rs 28 lakh for the programme, excluding service tax and all included about Rs 32 lakh. Those who have seen ISB over the years would know that the school did look at introduction of such a programme some five years ago but apparently gave up its plans.
Those who have some knowledge of this say it had partly to do with the fact that it was felt that the market was not yet ready for it as the focus then used to be more on IT and ITES in the job market and many of the employees in these fields tended to travel between onshore and offshore sites and therefore having regular weekend classes could not have worked in all cases.
But then, now it looks as if there is some thinking that has gone into the structuring of the programme differently this time. Instead of targeting those in an early stage of their careers, it is looking at mid-career professionals who may be more settled in a location today. Plus, the market is more broad-based and there could be aspirants from several sectors other than just IT or ITES. To what extent, it has takers.
Come January and we will know to what extent, it has takers, as also the extent to which the mindset of mid career professionals is today tuned to education while still working.