Understanding the significance of Executive MBA courses for working executives

Executive MBA courses are aimed at developing an executive, who can meet the emerging and, in some cases, unexpected challenges of global business. The program syllabus designed by a range of colleges and universities stresses on practical problem-solving and the development of cross-cultural skills. 

The global economy has expanded to a great extent and is continually throwing up both opportunities and challenges. The present business environment necessitates an effective executive who combines practical problem-solving skills with theoretical knowledge. The necessity is for talented people with sufficient corporate experience, outstanding cross-cultural skills and a consciousness of the emerging global business situation.

Executive MBA courses were created in response to these requirements. These courses are aimed at developing an executive, who can meet the emerging and, in some cases, unexpected challenges of global business. The program syllabus designed by a range of colleges and universities stresses on practical problem-solving and the development of cross-cultural skills. Courses and course modules aim to improve leadership, team-building, and communication skills.

Also Read: Understanding the fundamentals of executive MBA courses 

What are the various Executive MBA courses?

Executive MBA courses can also be classified as subject-wise as follows:

• IT system
• Human Resources
• Hospitality Management
• Marketing

Colleges that offer Executive MBA Courses

BITS Pilani WILP MBA: Birla Institute of Technology & Science (BITS) ranks among the leading educational institutes of India. BITS provides Work Integrated Learning Courses that are designed for working professionals in various Engineering and IT industries, to improve their academic qualification while gaining important professional experience.

Courses offered: MBA in Manufacturing Management, MBA in Consulting Management, MBA in Quality Management and MBA in Finance.

Eligibility: M.Sc/B.Tech/BE or equivalent with at least 1-2 years of relevant industry work experience.

Institute type: Deemed University

Mode of delivery: Combination of online & offline

Fee range: Rs 1.5 lakh-2 lakh

Duration: 2 years

BITS WILP is like a distance learning program and is ideal for all those working professionals who are not eager to sacrifice their job for an additional degree. After completing this course you will earn the impressive BITS tag and the chances of getting a better job, pay hike or promotions are also quite good.

NMIMS Global Access School for Continuing Education: With a legacy of 34 years, Narsee Monji Institute of Management Studies has grown to become one of the leading B-schools in India. The college follows a thorough selection process, which comprises a Personal Interview and Written Test. Candidates can also appear for the selection process with their valid GMAT score of 600 and above or with a score of 200 and above in NMAT by GMAC. The Executive MBA from NMIMS is an on-campus course offered in Shirpur, Mumbai, Hyderabad, and Bengaluru campus.

Program offered: Executive MBA

Institute type: Deemed University

Eligibility: Graduation from a renowned University in any subject with a minimum of five years of work experience in executive or supervisory capacity.

Mode of delivery: On-campus

Duration: Upto 2 year

Fee range: Rs 5 lakh

Getting the NMIMS tag will certainly help and add value to your career in due course. The EMBA program offered by NMIMS is quite adaptable. You can finish the course on a fast track in fifteen months or twenty-four months. One also has the option to take a module one week and take the next week off allowing you to balance work and personal commitments.

SIBM: Symbiosis Institute of Business Management has been conducting the EMBA course for more than two decades now, so it goes without saying that they have proficiency in delivering this course. The selection of students for this course is based on the entrance exam followed by a personal interview. The classes are conducted on-campus every Saturdays and Sundays by the well-known professors of Symbiosis themselves. Symbiosis also offers a comprehensive list of post-graduation distance learning courses.

Institute type: Autonomous

Mode of delivery: On-campus

Program offered: Executive MBA (general MBA)

Duration: 30 months

Eligibility: Graduation from any subject with at least three years of work experience.

Fee range: Rs 4.5 lakh

The overall review about EMBA of SIBM is good. SIBM EMBA course has a wonderful blend of professionals from diversified fields and areas. Besides, the lecturers are well-informed and specialised when it comes to helping out students.

4. IMT, Ghaziabad: PGDM Executive Course at IMT Ghaziabad, is a residential, full-time 15-months course approved by the AICTE for working professionals. Admission to the PGDM Executive program necessitates qualifying an entrance test organized by the Institute or your score obtained in GMAT/XAT/ CAT, followed by personal interview.

Program offered: PGDM Executive, PGDM Part-Time

Institute type: Affiliated to UGC

Eligibility: Bachelor’s degree in any subject with at least 5 years of work experience.

Mode of delivery: On-campus

Fee range: Rs 12 lakh

Duration: 15 month

IMT’s PGDM Executive Program is highly recognised and appreciated in the corporate world. IMT is known for its top class quality of education and outstanding placement records. According to sources, IMT had 95 per cent placements for PGDM Executive in 2015 with an average CTC of Rs 10.9 lakh per annum.

Eligibility criteria for Executive MBA courses

The minimum eligibility criteria required to be met for admission to the course are:

• Sufficient work experience in either supervisory or executive positions.
• Graduation in any discipline, completed from an accredited university, with a minimum aggregate score of 50 per cent.

MBA (Executive): Admission procedure

Admission to the course at some of the top institutes in India is based on the performance of the candidate in a relevant entrance exam. Rounds of personal interview and group discussion are then conducted for those who clear the written exam. Based on the overall performance, admission is granted to qualifying candidates. A few institutes offering the course in India admit students to the course based on the merit obtained in the graduation.

Salaries offered and recruiting companies

Executive MBA courses at leading business schools across the country are attracting popular recruiters. The latest placement numbers of top B-schools indicate clearly that the companies are eager to hire professionals with varied work experience. For example, the average salary offered to executive management program graduates at top B-Schools such as XLRI, IIM Calcutta, IIM Bangalore, IIM Indore, etc., is Rs 18 lakh per annum. The highest salary offered to executive graduates of these institutes is up to Rs 90 lakh per annum. One of the primary reasons for the greater demand for executive management program graduates is strong work experience and thorough management education.