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	<title>PDD Archives - IESE Standout</title>
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		<title>Why study a Program for Management Development (PMD)? (FAQs)</title>
		<link>https://www.iese.edu/standout/pmd-program-management-development-faqs/</link>
		
		<dc:creator><![CDATA[IESE Standout]]></dc:creator>
		<pubDate>Fri, 24 Mar 2023 16:14:35 +0000</pubDate>
				<category><![CDATA[Functional Directors]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Learning]]></category>
		<category><![CDATA[PDD]]></category>
		<category><![CDATA[PMD]]></category>
		<guid isPermaLink="false">https://www.iese.edu/standout/?p=5435</guid>

					<description><![CDATA[<p>The post <a href="https://www.iese.edu/standout/pmd-program-management-development-faqs/">Why study a Program for Management Development (PMD)? (FAQs)</a> appeared first on <a href="https://www.iese.edu/standout">IESE Standout</a>.</p>
]]></description>
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				<p class="normal"><span lang="EN">If you have more than 5 years of management experience and are interested in continuing to grow or successfully launching your own project, a <a href="https://executiveeducation.iese.edu/functional-directors/program-management-development/"><span style="color: #1155cc;">Program for Management Development (PMD)</span></a> may be one of the best options available to you. But is it the right training for your goals? </span></p>
<p class="normal"><span lang="EN">Below is a list of the most frequently asked questions about the Program for Management Development (PMD):</span></p>
<p><a href="#pdd1">What is a PMD?</a></p>
<p><a href="#pdd2">What will you learn with a PMD?</a></p>
<p><a href="#pdd3">How much time commitment does a PMD require?</a></p>
<p><a href="#pdd4">Who signs up for a PMD?</a></p>
<p><a href="#pdd5">Where can I study a PMD?</a></p>
<p><a href="#pdd6">How much does a PMD cost and are there potential scholarships?</a></p>
<p><a href="#pdd7">What is the difference between a PMD and other similar IESE programs?</a></p>
<h2 id="pdd1">What is a PMD?</h2>
<p class="normal"><span lang="EN">The Program for Management Development, or PMD, is one of the most comprehensive programs for people with high responsibilities within a company. It is an ideal program if you have 5 years, or more, of management experience and want to improve and hone your objectives, strategies and working methods, learning how to fluidly adapt to the ever-changing present and future global market.</span></p>
<h2 id="pdd2">What will you learn with a PMD?</h2>
<p>A PMD is a transformative experience in every sense. Below are some of the most important areas of focused training:</p>
<ul>
<li><strong>You will gain confidence in decision making</strong></li>
</ul>
<p>You will acquire a comprehensive vision of your company, as well as of the different departments that make it up. You will incorporate vital new skills and discover how to think strategically in order to make quick and effective decisions with greater confidence to achieve the very best results.</p>
<ul>
<li><strong>You will boost your leadership skills </strong></li>
</ul>
<p>You will be taught how to build committed and motivated teams and make a positive impact on people and society. You will also discover how to manage people in the most effective way, especially in situations where conflicts need to be resolved.</p>
<ul>
<li><strong>You will expand your network of contacts</strong></li>
</ul>
<p>You will share your experiences with other managers and make invaluable strategic contacts with whom you can share problems or solve day-to-day doubts as your career advances over the future years.</p>
<ul>
<li><strong>You will improve your managerial skills </strong></li>
</ul>
<p>You will consolidate yourself within your organization, opening up new professional paths, learning directly from some of the most acclaimed and successful entrepreneurs from around the globe.</p>
<h2 id="pdd3">How much time commitment does a PMD require?</h2>
<p class="normal"><span lang="EN">The duration of the PMD usually ranges from 6 to 8 months, depending on the overall size of the classes and the scope of the program. In any case, as they are aimed at professionals with positions of great responsibility, they usually offer the necessary flexibility so that participants can combine their studies with their personal and work obligations. </span></p>
<p class="normal"><span lang="EN">However, if you are looking for as much time flexibility as possible, you will probably be interested in finding out more about online and, especially, hybrid modalities, since, by combining virtual classes with some face-to-face classes, these options better guarantee continuous contact with both teachers and students. </span></p>

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				<h2 id="pdd4">Who signs up for a PMD?</h2>
<p class="normal"><span lang="EN">As these types of programs usually require the accreditation of at least 5 years of experience in management positions, the average profiles of PMD participants are usually comprised of directors, managers or entrepreneurs around 40 years of age. In any case, statistics are there to be broken and if you believe that a PMD is what you need to continue to grow in your career, it doesn&#8217;t matter if you are younger or older than the above average. </span></p>
<h2 id="pdd5">Where can I study a PMD?</h2>
<p class="normal"><span lang="EN">This is one of the most important questions, since choosing a great center can sometimes be more important than the choice of the program itself. We recommend you to choose a prestigious center, endorsed by <a href="https://www.iese.edu/standout/ranking-business-school-guide/"><span style="color: #1155cc;">international rankings</span></a>, and to ask as many alumni as you can about their experience before making your decision. </span></p>
<h2 id="pdd6">How much does a PMD cost and are there potential scholarships?</h2>
<p>As in everything else, there are training courses that require a greater or lesser financial expenditure depending on the academic and professional credentials of the teachers, the global acclaim and reputation of the school that offers it, the facilities, the average job position of the standard participants, etc.</p>
<p>Therefore, as a result, the range of program prices is very wide and, when deciding on one center or another, it is important to take into account both the expected return on investment and the possible financial aid offered by the chosen institution, in case you need it.</p>
<p>To calculate a more personalized final price, you should also take into account any possible commuting, accommodation and other costs in the event that the classes are face-to-face and the center where you have chosen to study the PMD is far from your current home. As with the entire range of IESE’s programs, there are  available when applying.</p>
<h2 class="p1">What is the difference between a PMD and other similar IESE programs?</h2>
<p>A PMD is an intense journey, usually undertaken by managers with very strong profiles who are looking to take a great professional leap forward by developing their management skills.</p>
<p>Find below the summary of other similar programs:</p>
<p><a href="https://executivemba.iese.edu/en/"><strong>Executive MBA</strong></a> (EMBA). Statistically, Executive MBA students tend to be somewhat younger (32 years old) than PMD students (40 years old) , and therefore they have more time to fully immerse themselves in the 18 months that this educational journey usually lasts. As an extra motivation, Executive MBA students may want or need the official qualification that accompanies this program. Read more about<a href="https://www.iese.edu/standout/executive-education-emba-pmd/"> the differences between a PMD and an Executive MBA</a>.</p>
<p><a href="https://executiveeducation.iese.edu/csuite-senior-executives/global-ceo-program/"><strong>Global CEO Program (GCP)</strong></a>. For people with less than 5 years in management positions.</p>
<p><a href="https://executiveeducation.iese.edu/csuite-senior-executives/advanced-management-program/"><strong>Advanced Management Program (AMP)</strong></a>. You may be eligible if you have more than 10 years of managerial experience.</p>
<p><a href="https://globalexecutivemba.iese.edu/"><strong>Global Executive MBA</strong></a> (GEMBA). For people with 15 years of experience or more, who are looking for international experience and who also require an official qualification.</p>
<p>&nbsp;</p>
<p>Find out more about all the <a href="https://www.iese.edu/programs/">programs offered by IESE</a> to boost your career at every stage of your professional path.</p>

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</div><p>The post <a href="https://www.iese.edu/standout/pmd-program-management-development-faqs/">Why study a Program for Management Development (PMD)? (FAQs)</a> appeared first on <a href="https://www.iese.edu/standout">IESE Standout</a>.</p>
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		<title>Main differences between EMBA and PMD programs</title>
		<link>https://www.iese.edu/standout/executive-education-emba-pmd/</link>
		
		<dc:creator><![CDATA[IESE Standout]]></dc:creator>
		<pubDate>Mon, 21 Dec 2020 15:34:54 +0000</pubDate>
				<category><![CDATA[Functional Directors]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[EMBA]]></category>
		<category><![CDATA[Executive Education]]></category>
		<category><![CDATA[Learning]]></category>
		<category><![CDATA[PDD]]></category>
		<category><![CDATA[PMD]]></category>
		<guid isPermaLink="false">https://www.iese.edu/standout/formacion-directivos-emba-pdd/</guid>

					<description><![CDATA[<p>The post <a href="https://www.iese.edu/standout/executive-education-emba-pmd/">Main differences between EMBA and PMD programs</a> appeared first on <a href="https://www.iese.edu/standout">IESE Standout</a>.</p>
]]></description>
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				<p>When you&#8217;ve gained a certain degree of experience in the world of business management, there comes a time when you have to decide if you want to go even further. If you find yourself at this point in your career, congratulations! Because you&#8217;re one step away from embarking on a process that has the potential to change your life. However, that first step may be <strong>the hardest of all.</strong></p>
<p>Even if you&#8217;ve already decided to take your career to the next level and <strong>to aspire to positions of greater responsibility</strong> through <strong>executive training</strong> (https://executiveeducation.iese.edu/es/), choosing the right program at this point in your career is no simple task.</p>
<p>Becoming the leader you want to be is going to require <strong>resources and a lot of effort</strong>, two ingredients that may be in short supply right now in your day-to-day life, and at a time when you&#8217;re likely also dealing with important personal and professional commitments.</p>
<p><strong>Correctly choosing the right executive training program which best fits your reality</strong> is essential to achieving your objectives and developing yourself as a leader capable of positive and tangible impact. To make this selection process a little easier, in this article we want to help you better differentiate the two most in-demand programs by executives like you: the <a href="https://executivemba.iese.edu/en/"><strong>Executive MBA (EMBA)</strong></a> and the <a href="https://executiveeducation.iese.edu/functional-directors/program-management-development/"><strong>Program for Management Development (PMD)</strong></a>.</p>
<h2><strong>An Executive MBA or PMD: Learn to differentiate the two most in-demand programs by executives like yourself</strong><strong> </strong></h2>
<h3><strong>Age and professional experience</strong></h3>
<p>Although age and professional experience are not determining factors when choosing between the two programs, they can be useful as starting points.</p>
<p><a href="https://executivemba.iese.edu/en/participant-profile/"><strong>The most frequent EMBA profile</strong></a> is a 32-year-old professional with a minimum of five years of experience in positions of responsibility, an optimal level of English and a high analytical capacity demonstrable through their GMAT test score. On the other hand, the typical <a href="https://executiveeducation.iese.edu/functional-directors/program-management-development/who-right/"><strong>PMD participant</strong></a> is usually 39-years-old and also has five years of experience, but in team management.</p>
<p>However, bear in mind that these data are only statistics and that each classroom is made up of very <strong>different profiles and realities that enrich the quality of both types of programs</strong>. This in mind, your specific age and years of experience should serve as orientative factors rather than impediments. It is important to note that the EMBA &#8211; being an accredited MBA program &#8211; has a more exhaustive <a href="https://executivemba.iese.edu/en/admission-process/"><strong>admission process</strong></a>. In the PMD, on the other hand, the <a href="https://executiveeducation.iese.edu/admissions-team/"><strong>personal interview</strong></a> is the most determining factor when it comes to being admitted to the program.</p>

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<p><span style="color: #ffffff;">The EMBA offers an intense journey of personal and professional transformation that trains you to take on any challenge that arises in the corporate realm.</span></p>
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				<h3><strong>Program content and structure</strong></h3>
<p>In the words of a recent participant who is very familiar with both programs, a quite graphic way to understand what you&#8217;ll learn and, above all, the implications of these learnings are that “<strong>the PMD is like facing a half marathon and the EMBA, a full marathon</strong>.”</p>
<p>As such, both prepare you to make decisions from a general management standpoint, both offer you <strong>new skills to master decision-making</strong>, and both programs <strong>boost the development of your leadership</strong>. Both will cause you to grow through the challenges posed and the dedication required. And, in addition, with both programs, you&#8217;re free to balance your courses with your current job and apply what you&#8217;re learning in the classroom immediately, since classes are concentrated on the weekends and during intensive weeks. But it’s not the same to commit to managerial training for six months as it is for 18.</p>
<p>In this sense, in a relatively short period of time, the <strong>PMD</strong> covers <a href="https://executiveeducation.iese.edu/functional-directors/program-management-development/what-will-learn/"><strong>eight key leadership competencies</strong></a> to accelerate your trajectory towards top management through <strong>interaction, discussion of real cases and simulations</strong>. Considering that the participants usually arrive with significant experience leading teams, such a compressed format is made the most of, bringing out the best of every participant from day one.</p>
<p>Meanwhile, the <strong>EMBA</strong> is an intense and long journey of personal and professional transformation that prepares you to take on any corporate challenge. Over the course of <a href="https://executivemba.iese.edu/en/program/"><strong>nearly two years, with 300 cases, three international weeks, exams, simulations and 1,500 hours of individual and team work</strong></a>, you will deeply refine your knowledge of the main areas of business management, decision-making, your global vision of business and the skills of well-rounded and efficient leaders.</p>
<p>As we said at the beginning, both programs <strong>will get you into shape</strong>, the only difference is that the PMD will leave you as sweaty as a short but very intense race, and the EMBA with leave you with a muscular soreness that will last you a few more weeks.</p>

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				<div class="Body title-h2"><span style="color: #ffffff;">The PMD covers eight key leadership competencies in a relatively short period of time to accelerate your track to top management.</span></div>

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				<h3><strong>Your personal situation</strong></h3>
<p>Undoubtedly, <strong>where you are in life and your aspirations</strong> should be the definitive parameters for making the final decision to pursue a Program for Management Development or an Executive MBA. Once you&#8217;ve looked over the figures and details of each program, it&#8217;s worth asking yourself with all honesty which of the two better fits your unique situation right now, which one will you be able to enjoy more, and which one will you get more out of. In short, which program <strong>can you afford in terms of time and resources, and which one will help you reach your professional goals and expectations.</strong></p>
<p>Although each candidate is different, those who opt for the <strong>Executive MBA</strong> usually have it very clear that <strong>they want to live the full experience of an MBA program</strong> <strong>or they want to add an MBA degree to their CVs</strong>. Either because it&#8217;s something they&#8217;ve always wanted to do, because they aspire to positions that require the qualification, because they dream of creating their own company or because they&#8217;re looking for new opportunities at an international level.</p>
<p><strong>In the case of the PMD</strong>, on the other hand, we&#8217;re talking (in general) about participants who are looking to take a professional leap, who already have strong professional profiles but who want to go one step further, who are aware of their own limitations when it comes to better managing their own company or to aspiring to positions of greater responsibility and who are excited about the idea of receiving formation in a business school like <strong>IESE,</strong> but who don&#8217;t necessarily need an official degree. These people see a program such as the PMD as a more affordable option that also guarantees them a <strong>very rigorous learning experience in all business-related aspects and the impetus they&#8217;re lacking to continue progressing in their career</strong> and to get out of an area they&#8217;re too familiar with.</p>

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				<h2><strong>Don&#8217;t doubt it, executive training is worth it</strong></h2>
<p>During these uncertain times we&#8217;re living, <strong>nobody can guarantee you anything</strong>. So it&#8217;s normal that you continue to have doubts, even after you&#8217;ve enrolled in the program you&#8217;ve chosen. Will it be as good as I have been told? Will I get that position that I keep thinking about? Will I get the investment back? Will I be able to keep my business alive and strong?</p>
<p>We can’t answer all these unknowns. But we can say that <strong>executive training is worth it</strong>, and that the economic cost is almost the last factor that you should be thinking about right now. First off, because of the multiple financing options that exist and, secondly, because of the enormous chances you have of increasing your income after the program. But above all, because <strong>it&#8217;s a once-in-a-lifetime experience that can take you much further than you imagine</strong>, and because it constitutes the most solid foundation for you to be able to improve the world we live in as a leader.</p>

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				<div class="Body title-h2"><span style="color: #ffffff;">Where you are in life and your aspirations should be the definitive factors to finally decide to pursue a PMD or an EMBA.</span></div>

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</div><p>The post <a href="https://www.iese.edu/standout/executive-education-emba-pmd/">Main differences between EMBA and PMD programs</a> appeared first on <a href="https://www.iese.edu/standout">IESE Standout</a>.</p>
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		<title>The big leap: How you can move from technical expert to executive</title>
		<link>https://www.iese.edu/standout/technical-expert-executive-promotion/</link>
		
		<dc:creator><![CDATA[IESE Standout]]></dc:creator>
		<pubDate>Mon, 23 Nov 2020 11:06:14 +0000</pubDate>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Young Professionals]]></category>
		<category><![CDATA[BAP]]></category>
		<category><![CDATA[Career]]></category>
		<category><![CDATA[EMBA]]></category>
		<category><![CDATA[General Management]]></category>
		<category><![CDATA[PDD]]></category>
		<category><![CDATA[skills]]></category>
		<guid isPermaLink="false">https://www.iese.edu/standout/?p=1690</guid>

					<description><![CDATA[<p>The post <a href="https://www.iese.edu/standout/technical-expert-executive-promotion/">The big leap: How you can move from technical expert to executive</a> appeared first on <a href="https://www.iese.edu/standout">IESE Standout</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div id="vc_row-69bebd81ed2da" class="vc_row wpb_row vc_row-fluid vc_custom_1559140963143 thegem-custom-69bebd81ed2c3224"><div class="wpb_column vc_column_container vc_col-sm-12 thegem-custom-69bebd81ed7673263" ><div class="vc_column-inner thegem-custom-inner-69bebd81ed769 "><div class="wpb_wrapper thegem-custom-69bebd81ed7673263">
	
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				<p>It’s one of the most exhilarating times in your professional life. You’re a good specialist and you know your territory well, but now you want to lead teams and projects, and you’ve even started doing it. <strong>Do you know how you’re going to navigate this exciting transition?</strong></p>
<p>The rise to a managerial position starts at the moment that the usual answers are not useful for you anymore (your questions have changed!); you move away from your traditional knowledge area (you’re no longer <em>just </em>a good technical expert), and success in your work depends directly on the success of the team you lead. No one would do things exactly like you because, of course, they’re not you. And the best thing about all this is, you’re going to learn to enjoy it.</p>

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				<h2>What do you need to become a great executive?</h2>
<p>Sometimes you make the choice and other times you’re chosen in your ascent to be a manager or executive, although the title is of little importance. In any case, what usually happens is that your overriding goal begins to encompass <strong>a strategic vision, to set a direction, </strong>for the future and moves swiftly toward this through the work of other technical experts, which occasionally will be engineers. <strong>But what do you need to make this jump successfully?</strong></p>
<h3><strong><span class="subrat">1.</span> Your management of talent has to be impeccable </strong></h3>
<p>The success of great executives rests on their successful management of talent. That’s why your <strong>specialized knowledge will be less important than your deep understanding of the dynamics of your team, and your ability to coordinate and encourage your team members</strong>. You will have to be able to guide them in the execution of ambitious goals, celebrate with them when these are reached and look for explanations and constructive measures when they don’t happen.</p>
<p>The solutions they will put forward to meet challenges will often surprise you, as well as the way they carry out what you’ve asked of them. It’s important that you see these surprises as proof that other points of view exist, and that they are many times enriching. Get the most out these. <strong>Remember that executives work with uncertainty and possibilities. There is no black and white.</strong></p>
<p>&nbsp;</p>
<h3><strong><span class="subrat">2.</span> Your team wants to know: why do they work for you and not the other way around?</strong></h3>
<p>Good executives know themselves well, and thanks to this fact, are able to easily explain what their function is to their team members.</p>
<p>And this explanation has to include the following: <strong>you work for me because I know how to facilitate your work within the team and the company, because I listen to you and treat you like the great technical expert you are and because I help you grow</strong>. At the same time, I understand my limitations, I trust in your criteria and I don’t take credit for what does not correspond to me. I know that your function is as important as mine and I not only transmit a clear vision of the future to you, I also encourage you to seek innovative solutions that will greatly build upon what has been done up to now. And I want you to surprise me!</p>
<p>Without a doubt, <strong>you work for me because I know how to work for you.</strong></p>
<h3><strong><span class="subrat">3.</span> Embrace uncertainty and don’t be afraid of questions </strong></h3>
<p>For executives, challenging questions are everywhere, and they are always looking for new ones. They suspect (and rightfully so) that simple questions have conventional solutions, which are sometimes easy to implement and other times not. They also discern that <strong>doubt is the most powerful lever of innovation.</strong></p>
<p>Your questions, as an executive, will go to two receivers. The first receiver will be the technical experts, to whom you will ask for the most appropriate solutions to problems without ever conforming to overused formulas. Help them be more creative!</p>
<p>The second receiver of your questions will be, of course, you. And this is where you´ll ask yourself how you can integrate solutions from your specialists into a medium-term strategy and make them workable through coordination with other professionals and departments. And there’s more: you´ll try not to make mistakes, of course, while knowing that <strong>perfect solutions don’t exist, that innovating brings risks and that many times you’re going to make errors. Just as important as avoiding errors is managing them well.</strong></p>

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				<h2>It depends on you: learning to be an executive</h2>
<p><strong><a href="https://www.iese.edu/faculty-research/faculty/jose-luis-illueca/">José Luis Illueca</a></strong>, IESE professor, points out that <strong>the evolution of a technical expert who wants to be a good executive is more a personal change</strong> than adding knowledge to what one already has. You should be willing to leave behind – unlearn – previous points of focus and learn to look and act in a different way. This requires centering less on “what to do” and more on “how to do it.” It involves, above all, learning abilities; knowing oneself and knowing the people who work with you; starting in “slow motion,” case by case, then later gaining speed. This is what academic programs based on the case method achieve. In this way, little by little, assuming positions that are <strong>increasingly aligned with the design and supervision of strategy</strong> and the management of teams, projects, and, sometimes, budgets.</p>
<p><strong>Do you know how to convince your boss to do an Executive program</strong>? Download our <a href="https://formscloud.iese.edu/landings-convince-boss/" target="_blank" rel="noopener noreferrer">letter template</a> to help you.</p>
<p>At IESE, various <strong><a href="https://www.iese.edu/executive-education/programs-individuals/">academic programs</a></strong> adjust to the priorities of professional technical experts who are starting to move into these positions and want to become executives. Among these is the <strong><a href="https://executivemba.iese.edu/en/">EMBA</a></strong>, designed for professionals with experience who want to jumpstart their careers with an MBA adapted to the goals and agendas of executives.</p>

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</div><p>The post <a href="https://www.iese.edu/standout/technical-expert-executive-promotion/">The big leap: How you can move from technical expert to executive</a> appeared first on <a href="https://www.iese.edu/standout">IESE Standout</a>.</p>
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