MBA (Executive)

MBA (Executive)

About Course

Executive MBA or EMBA is a postgraduate management course that provides training in leadership and high-level management. An Executive MBA is for those who have professional experience and are looking for expertise within the administration. Executive MBA is designed for students who want to serve as managers within corporations or other large organizations.

The full form of the EMBA is the Executive Master of Business Administration, a study program that is explicitly aimed at business leaders and managers already in the labor market. The EMBA course details are similar to those of a full-time MBA in terms of content, except that allows executives to work toward their EMBA degree while continuing to hold their existing full-time jobs. This training is part of an MBA.

Some important subjects of the Executive MBA in India include managerial economics, operations management, and marketing management. Some colleges offer the best Executive MBA in India for an extended period of 1518 months. The EMBA course is designed to gain an in-depth understanding of managerial skills. It equips students with the necessary skills in general management and has enhanced work scope and career growth.

As they say, there is no end to learning, Executive MBA program is mostly chosen by experienced professionals who are already doing well in their careers. This management degree, therefore, helps them to add a feather to their cap. This particular MBA has various specializations according to candidates' professions such as business analytics, business management, human resource management, finance, accounting management, sales and marketing, and more.

Course Highlights

Take a good look at the table below to get a general idea about the MBA courses list, MBA fees, eligibility as well as the MBA scholarship for Indian Students.

Below is the complete breakdown of the MBA Course Structure:

Why study Executive MBA?

(i). A Management Degree along with a long experience in the field will provide a huge jump in salary and position for the student.
(ii). Holders of an Executive MBA do not need internships, they will still get a job. It is up to the individual which sector he wants to go to or which company he wants to choose.
(iii). With such a long experience in the industry, they are ready to lead. With a proper Executive MBA degree, they become better leaders and better managers.
(iv). Executive MBA helps to get managerial roles and get jobs at a high position in any company.
(v). Consultancy projects play a key part in Executive MBA programs by offering opportunities for them to get familiar with an industry. Students can apply an Executive MBA program’s team/consultancy projects to their own companies, solving major issues and challenges for their employers.
(vi). The average salary after completing an executive MBA ranges from INR 30 Lakhs to INR 40 Lakhs.

(2). Admission Process

Executive MBA Admissions are either through an entrance examination or merit-based. Most reputable universities admit students through entrance threshold scores. Professionals applying for the Executive MBA program must have the results of the respective entrance exams required by the selected/chosen universities.

Executive MBA is a program designed to check how students will add more value to this program through their quality and experience. The admissions process, regardless of major, does not change drastically.

Eligibility Criteria

Eligibility criteria for an Executive MBA do not differ by university. As the subjects offered in the Executive MBA require analytical thinking skills, the eligibility criteria for private universities, include parameters such as previous educational qualification, entrance exam, personal interview, and more. Some of the common eligibility criteria specified by these universities are mentioned below:

(i). Applicants must have completed a bachelor's degree such as a BBA, B. Tech course, or BCA course in Computer Science, Information Technology, or a related field.
(ii). Candidates must have qualified for the entrance exam specified by the university.
(iii). Applicants must pass the minimum percentage criteria for the university, namely:
                          (a) 60% for class 10+2   
                          (b) 75 percent for a bachelor’s degree
(iv). Candidates must possess professional experience of around three to five years in a
relevant field.
(v). Only candidates who pass the entrance exam and the cut can participate in the group discussion and the personal interview.

Types of Executive MBA

Executive MBA is focused and meant for working professionals and the thing working professionals have the least is time. Since they work it becomes difficult for them to attend classes. To solve this problem and also offer an Executive MBA, different types of executive MBA courses are available that provide Executive MBA in additional hours or through various modes.

(1). Full Time

Executive MBA is a 1 year MBA course that is meant for working professionals. Most Executive MBA programs are on-campus courses. Executive MBAs are designed to meet the needs of professionals with over 45 years of experience.

The Executive MBA program relies heavily on teamwork with a strive to achieve a common goal. Students pursuing this course from the top MBA colleges in India get to study management topics like Marketing, Human Resource Management, International Business, and Microfinance. The course program also introduces them to strategic management and executive communication.

(2). Weekend

Weekend MBAs are also becoming an option for students who do not wish to leave their jobs in pursuit of an Executive MBA degree. SP Jain School of Global MBA is one of the Weekend MBA providers. It requires 3 years of work experience and the duration is 18 months. The schedule tries to avoid weekdays when the candidate will be busy with work.

(3). Online

Various colleges provide Executive MBAs in online mode. It caters to working professionals who do not wish to leave their jobs. Many MBA Abroad Colleges offer Online MBA Courses such as Washington State University, Bethel University, etc.

Online Executive MBAs are cheaper as compared to on-campus courses. They last for about 15-20 months. The eligibility criteria for Online MBA Programs is a GPA score of around 3.0 out of 4.0 and a GMAT score of 550 or better.

Admission Procedure

(i). Based on the Entrance Exam

Students must review the eligibility criteria before applying for an executive program so that they are qualified to participate in the admissions process. You must complete the online application, including your personal, professional, and academic information.

They must pass the entrance exam and also fill in the application form with their results. Once all the forms are received by the applicant, the authorities would compile a merit list depending on the selection criteria.

(ii). Based on Merit

Admission to the Executive MBA program in most colleges is done on the basis of personality tests, profile-based, admission, and management quotas. It is important that candidates are fully prepared before showing up for interviews and other things.

Skills Required

The skills required to pursue an Executive MBA program are the same as the skills required for any management course. Check the list below:

Entrance Exams

Students who want to appear in the Executive MBA have to clear some entrance exams for getting admission. There are various national and state-wise entrance exams students can opt for. Here is the list of some of the topmost common popular entrance exams listed below.

Fee Structure

Executive MBA fees in India range from INR 8 - 10 Lakhs for one year of study. Below are the fees for the IIM Executive MBA, along with some other top colleges in the Executive MBA fee structure:

Selection Criteria

Once the student is selected, they can go through the personal interview and group discussion rounds and proceed with the Executive MBA admission process if they are selected.

(3). Course Comparison

MBA v/s Executive MBA

There is a very thin line of difference between Executive MBA and Regular MBA Courses. Some of the key differences are:

(4). Executive MBA Specializations

This program offers several specializations which help the aspirants to attain knowledge from the core and master in that particular field. There are several specializations in the Executive MBA, some of the most popular domains are as follows:

(5). Top Colleges

Listed below are some of the top institutes offering the course in the country with the corresponding locations and fees charged by them.

Top Executive MBA Colleges in India as per NIRF Ranking

Here is the list of best Executive MBA colleges in India according to their rankings given by the NIRF ranking:

Top Government & Private Executive MBA Colleges in India

The government executive MBA degree colleges in India are popular among students and their first choice due to the quality of education and extraordinary placements. Candidates can find the list of top government & private executive MBA colleges in India mentioned in the table below:

(6). Job & Placements

The demand for Executive MBAs is on the rise. Placement numbers of EMBA programs in top B-schools show that more recruiters are now interested in MBA graduates with work experience.

At IIMs and other top B-Schools, the average salary offered to graduates of executive education programs is INR 13 lakh per annum and above. Executive MBA holders are best suited for senior-level managerial and consulting jobs and entrepreneurship.

Such candidates are hired by all kinds of companies and business houses for profiles in senior management in areas such as Finance, Marketing, Sales, HR, IT, Digital Marketing, Business Analytics, Operations, Banking, Insurance, Consulting, etc.

Job Profiles

The following table gives a more vivid description of the job profiles along with the salaries available.

Fields of activity

Candidates may be promoted to a higher position in the company in which they work or may undertake an entrepreneurial activity. Applicants may also undertake other studies or research in their area of ?? interest. Simply put, an Executive MBA will help them improve their management skills and stay relevant in the current market scenario and reach new heights. It will also open the aspirants to lots of business ideas and help develop the business in a better direction.

Top Recruiters

Some of the companies, which participate in the campus placement process to hire Executive MBAs are mentioned in the table below:

Salary of an Executive MBA

The salary one gets depends on the field of work, job position, and company. The salary for Executive MBA candidates ranges from Rs. 12 lakhs per year to Rs. 40 lakhs per year.

(7). Career/Scope

If aspirants pursue an Executive MBA, aspirants way of thinking changes and they get enabled to think with a business mindset. It helps you think as an entrepreneur, thus wanting them to learn more. Eventually, this will help them develop a career, and motivate them in enhancing it.

Career options after the Executive MBA

There can be innumerable career opportunities after this course. Executive MBA will open new opportunities for the students and help them add a feather to their caps. The high-level career options in this field are as follows:

(1). Senior Finance Manager

Financial managers deal with the financial health of an organization. They work on direct investment activities, and financial reports and make plans for the long-term financial goals of the company.

(2). Business development manager

The main role of the business development manager is to develop new business opportunities and take care of the company’s growth. They also make sure of strong relationships with business partners.

(3). Senior Business Analyst

A business analyst works on the business opportunities of the company and improves the efficiency of the same. They also identify and deal with the operational, technological, and financial risks of the organization.

(4). Management Consultant

A management consultant guides in identifying options for the organization and suggests new ideas for change. In addition to this, they also help in solving problems and look after the overall growth of the company.

(5). Brand Manager

A brand manager researches competition in the market develops several marketing strategies and looks after the design and new brand concepts.

Scope of Executive MBA for Higher Education

Executive MBA is preferable for students who have work experience of more than two years and want to gain deep knowledge in business administration. The Executive MBA scope has a wide range of opportunities in sectors like banks, the tourism industry, multinational companies, and educational institutes.

For those who are interested in further higher studies, check Management Ph.D. courses in India. Some of these are:

(i). Ph.D. Management Studies
(ii). M.Phil. Management
(iii). Management Scholarship Program

Skills that make you the Best Executive MBA Graduate

Here are just a few leadership characteristics that expand upon by pursuing an Executive MBA program are as follows:

(1). Problem-Solving Skills

Students must solve the problems by analyzing the hurdles and applying the techniques they had learned before. The student has to think beyond for the betterment of his skills and make them practical.

(2). Communication

Communication is important for anyone, but especially for those who are in leadership positions. You need to communicate with your customers, your teammates, and your seniors.

(3). Confidence

Students who enter the Executive MBA program have to be more confident about their target work and the skills related to working.

(8). FAQs

(1). Does an Executive MBA have the same value as a full-time MBA?
Ans. Both the Executive MBA and Full-time MBA are meant for different purposes. A full-time MBA program focuses on providing deep insights into business functioning at advanced levels. Whereas, the Executive MBA is of value for those professionals who are already in a job and want to enhance their skills.

(2). What is the duration of the Executive MBA Course?
Ans. The duration of an Executive MBA is 15 - 18 months.

(3). How much salary does one get after an Executive MBA?
Ans. The average salary after Executive MBA ranges from INR 9-15 lakh.

(4). How much fee is required for an Executive MBA?
Ans. The fee charged can be anywhere between INR 4-15 lakh.

(5). Is there any internship or industry exposure provided during an Executive MBA?
Ans. Since the students of Executive MBA already have work experience, they do require industry training. Rather, the class utilizes the students' diverse work experience through multiple discussions, case studies, etc.

(6). What is the ideal age to pursue an Executive MBA?
Ans. To pursue an Executive MBA, students need to fulfill an eligibility criterion of minimum work experience. The average professional experience required is 5 to 10 years. Due to this, the age of the students goes a bit high. In most of the IIMs, the average age of students is 30 years.

(7). Who is eligible for an executive MBA?
Ans. Candidates who hold a bachelor's degree with at least 50% aggregate or equivalent from a recognized university are eligible for an executive MBA.

(8). Is a CAT score accepted for an Executive MBA?
Ans. Generally, colleges consider the score of exams like the GMAT, GRE, and EMAT. However, some institutes might accept CAT.

(9). Which are the best Executive MBA programs available in India?
Ans. There are a lot of Executive MBA specializations. Some of the popular ones are:
(i). Executive MBA in Human Resource Management
(ii). Executive MBA Marketing
(iii).Executive MBA Finance

(10). What is the difference between General MBA and an Executive MBA?
Ans. An executive MBA course differs from a General MBA in many respects ranging from the course duration to the eligibility criteria.

(11). What questions are asked in the interview of an Executive MBA?
Ans. The interview mainly deals with your personality traits and responding to immediate situations. The interviewer can also check your aptitude skills and other factors like attitude.

(12). Is an executive MBA worth the money?
Ans. The scope for an executive MBA is decent as it provides a gamut of opportunities to grow.

(13). Is it possible to continue working while pursuing the Executive MBA program?
Ans. When it comes to a one-year full-time Executive MBA, it is not possible to work alongside - simply due to the dedication, it demands. Curriculum and course design and other campus activities barely leave enough bandwidth to keep working. In case an Executive MBA aspirant wishes to continue with his/her job alongside the course, a Part-Time MBA or Distance MBA would be a more suitable option.

(14). What are the benefits of pursuing an Executive MBA in India?
Ans. The Executive MBA course is especially meant for those people who are already doing a job and further want to enhance their skills The course helps students in learning deeper knowledge related to their field. Many professionals and executives in India opt for an Executive MBA to rise in the ranks of their company or to increase their package.

(15). Which companies hire executive MBAs?
Ans. Countless companies offer jobs to executive MBAs. Some of the top recruiters are TCS, Wipro, KPMG, Capgemini, Amazon, etc.

(16). Do Executive MBA students get the opportunity to sit at placements in the IIMs?
Ans. For IIM executive courses like PGPX and EPGP, students are allowed to sit in placements generally, even in cases when they are attached to their own companies. However, in part-time executive MBA courses, they might not be allowed to appear in the placements.