Feb 7, 2018

Executive MBA- What it is? Why to Choose? How to Apply?

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They say, there is no limit to learning. The idea that you study only to get a job and your student life end there is passé. There is still scope to learn new ideas and polish your skills even if you are among the top management members of an organization. As you climb up the corporate ladder and meet competition, the best way to support it is through sharpening your armour of knowledge. Executive MBA possesses all the necessary qualities for such working professionals with at least 3 years of managerial work experience.

Executive MBA, as the name recommends, is meant for the Executives or the working professionals who have already gained a significant amount of understanding. The duration, module, educational modules and teaching method etc. for Executive MBA programs are designed in away to suit the executives.

ececutive mba programs in india

Talking about the requirement for pursuing Executive Management programs, Prof. Sunil Maheshwari, PGPX Chairperson, IIM Ahmadabad says, "Business environment has been changing quickly globally. This general management program enables practicing executives respond effectively to those changes. The modified sections of the program guarantee that the students are more than adequately equipped and empowered with knowledge and ability sets to achieve leadership positions and increase the value of their associations through complex circumstances."

Executive MBA allows experienced professionals to sharpen their managerial abilities, leadership qualities, and exposes to ideas from professionals from similar or different fields and grow their career opportunities. The duration and mode of offering the Executive MBA program differ from full time, part time, weekend or online, running from 1 to 3 years.

Duration

While the traditional MBA or the regular MBA is of 2 years duration and meant for graduates having no or a few years work experience, the essential qualification criteria for Executive MBA is to have work experience of minimum 5 years. The minimum age of the applicants should be 27 years and there is no upper limit.

The Executive MBA or EMBA can be categorized into following classifications based on the duration and mode of the offer.

Mode of Course

Duration

Full Time

1 Year

Part Time

2 Years

Weekend MBA (conducted on Saturday and Sunday)

2 Years

Online

2-3 Years

While most of the top B-schools offer Executive MBA programs, Indian School of Business offers programs only for working executives hence exclusive in its own merit. Great Lakes Institute of Management, Chennai, built up in 2004, offered only 1 year Executive MBA program for working executives, however, since 2012, it started offering 2 year PGDM programs as well.

What does Executive MBA program teach and how it is taught?

The following areas are taught in the Executive MBA programs:

  • Production & Quantitative Methods
  • Financial Analysis
  • Strategy/Business Policy
  • Organizational Behaviour
  • International Business
  • Business Law
  • Professional Development
  • Public Policy
  • International Management
  • Entrepreneurship and New Ventures
  • Employee Empowerment and Participative Management
  • Performance Management and Appraisal
  • Product and Brand Management
  • Retail Management
  • Corporate Tax Management
  • Corporate Finance

Source: Executive MBA Council

The board areas and the correct educational programs might vary. As far as the pedagogy is concerned, it is more of interactive in nature. The case technique for learning is majorly utilized as a part of the classroom. The experience of the students is utilized in the classroom through the case study and discussions.

Different B-schools follow various educational methods for Executive MBA. While some establishments have a various campus exposure where the students spend their terms in various campuses of the organization, some have satellite campuses for offering the programs meant for working Executives. Let us have a look at some of the establishments and their teaching method.

IIM Ahmedabad – In IIM A, Case Study technique is used. "Case discussions are supplemented with lectures, seminars, games, role plays, industrial visits, and group exercises. The case method is used to develop skills required for problem-solving, decision making, and implementation. Application of theoretical knowledge to real-life issues is tested through this pedagogy," specifies the B-School.

XLRI – XLRI Jamshedpur offers Part Time PGDM (Business Management) program and full- time PGDM General Management program for working executives. The Executive PGP is offered in the Dubai campus. These programs teach core courses and also electives followed by an exam. Apart from that, through different projects and activities, the soft skills, for example, team building abilities, strategy building, resource/energy management etc are tested. Under the Rural/Village exposure program, the General Management Program students are to recognize the issues of the people of a particular village and then suggest solutions. Students will then need to design business modules. As indicated by XLRI, the rural exposure Program will help the future managers to understand the necessities of the local people and give solutions for their problems.

SPJIMR - The USP of the Post Graduate Executive Management Program (PGEMP) is that the batch is conducted 5 times each year and the students have the flexibility to join it according to their convenience. The program is offered both on and off campus. The students need to come to campus and be resident for 60 days total during the term. These days include full day classes. During each on campus period, students are given important reference and study material.

The assignments must be submitted through the online stage. Regarding teaching method, SPJIMR mentions, "In addition to periodic exams, it requires members to apply the knowledge imparted in the classroom to the employer's context through several 'Application Assignments'. The course also mandates that a major"Project" connected to the employer's business be finished by the participant under a designated faculty guide. The Program thus produces not only conceptual understanding as well as demonstrated proof of action learning."

Great Lakes Institute of Management – The 1 year Post Graduate program consists of Karmayoga or Leadership Experiential Program (LEP)as a fundamental part of the program. In this program, students need to associate with the ground realities and learn leadership abilities experientially. The B-School has adopted 21 villages surrounding the campus. The objective of the Karmayoga or LEP is to upgrade the confidence and self-efficacy of the villagers, so they experience a better way of life. "Karma Yoga is a real life practice lab to learn and experience the power of transformational leadership. In this attempt by Great Lakers to transform people belonging to nearby villages, the key focus has been in the fields of education, health, agriculture, and independent company," mentions Great Lakes Institute of Management.

New IIMs offering Executive MBA program

The six new IIMs, namely IIM Ranchi, Rohtak, Raipur, Trichy, Udaipur, and Kashipur have started offering Executive management programs. Let us have a look at each of these programs and their approaches.

IIM Ranchi – IIM Ranchi offers 2 Executive programs, Post Graduate Program in Management for Executives (PGEXP) and Post Graduate Program in Energy Management (PGPEM).The PGEXP is a 2 year weekend program which offers specializations on Finance, HRM, Marketing, and Operations.

PGPEM is also part-time program with 6 residencies of 7 days each at IIM, Ranchi and a residency of 20 days at College of Technology, University of Houston, Texas, and the USA after the 2ndTerm. The Program would include three major parts – General Management courses, Energy Management courses and in-depth project equivalent of two courses credit.

IIM Rohtak – IIM Rohtak offers Executive Post Graduate Program (ePGP) which is a 2 year both on campus and off-campus program. The classes are held offline and also online over a weekday and weekends. The first year will teach the major or the core courses and the specific courses will be taught in the second year. As per IIM Rohtak, a participant needs to choose either 2 Major specializations from among Financial Management, Marketing and Strategic Management or one Major specialization from those three areas and 2 Minor specializations from among Human Resource Management, IT Systems, and Operations. The students should experience all the prescribed courses from the selected areas of specialization, with a limited choice for choosing electives of one's preference. The educational method involves case studies, exercises, lectures, classroom discussion, simulation, project/field work, online tests and tutorial sessions.

IIM Raipur – IIM Raipur offers Post Graduate Program in Management for Working Executive (PGPWE), which is a one-and-a-half-year program offered during weekends. IIM Raipur mentions, "The focus is to enable and develop managers that understand worldwide embedness and necessities of their associations and in addition also understand the intricacies of business at functional and strategic levels. The program also has given an extraordinary emphasison developing economies which have enormous potential and business opportunities." The pedagogy incorporates a mix of case studies, lecture sessions by faculty, live interactions with industry specialists, business games, simulation activities and field visits.

IIM Trichy – IIM Trichy offers 2 Executive MBA programs, namely, Post Graduate Program in Business Management (PGPBM) and Post Graduate Program in Human Resource Management (PGPHRM). The period of the programs is 27 months. Students are allowed to take up to a maximum of five electives in Terms 6 to 9 which can enable them to finish the program in 24 months if they wish to. These projects are offered at the satellite campus in Chennai which gives books and study materials as well as offers access to electronic database. Apart from the regular course educational programs, during the last two terms, the students need to work on an assignment in an organization for a minimum time of 12 weeks under the direction of a faculty member.

IIM Udaipur – Post Graduate Program in Management for Executives (PGPX) offered by IIM Udaipur is a 15 month regular full time program. The students spend the falling module in Purdue University, USA for their international immersion section. The coursework also requires the finish of an internship lasting for a total of two months. The students are given with both the PGPX Diploma from IIM Udaipur and a MS degree from Purdue.

 

IIM Kashipur – IIM Kashipur's Executive management program is named Executive Post Graduate Program in Management (EPGPM). It is a 2 year weekend program. The teaching method at IIM Kashipur presents a mix of case studies, lecture sessions by faculty, live interactions with industry specialists, business games and simulation exercises.

Special campus for Executive

Several B-schools have a second campus or satellite campus to offer management programs for working experts or executives. The following table brings to you the IIMs which have satellite campuses and the programs which are offered from those campuses.

IIM

Satellite Campus Location

Program Offered

IIM Lucknow

Noida

IPMX

IIM Indore

Mumbai

PGPMX

IIM Kozhikode

Kochi

EPGP

IIM Trichy

Chennai

PGPBM,PGPHRM

 

Why Executive MBA

While the principle objective behind pursuing Executive MBA is to improve the management knowledge and climb up the corporate ladder. However, that is not the only reason. Every applicant may have different reasons or a combination of reasons for pursuing Executive MBA. Here we attempt to explore the different reasons why you should pursue the Executive MBA.

  1. Enhance managerial skills – This is the main reason why working professionals go for Executive MBA. In order to accomplish development in the career way, working executives frequently look for higher management education. For executives who are already working in a managerial position frequently require a specific edge on the leadership ability, going for Executive MBA would be the correct decision.
  2. Shift in career path – Working experts, who have finished at least 5 or more years in their association in a non-managerial role of ten aim to move to higher management or leadership roles. The individuals who don't have a management education background discover it the most achievable alternative to get a qualification related to business and management education.
  3. Gateway to Entrepreneurship – For business enterprise devotees, who don't have a management degree, getting the Executive MBA, is a powerful approach to preparing for the new stage. As entrepreneurs not just execute an idea as well as lead a group of colleagues and employees who are driving the wheel of their dream. Executive MBA won't just give you that leadership lesson but will also expose you to case studies and real-life circumstances of handling different circumstances in the business.
  4. Networking – The Executive MBA classrooms are different in terms of experience and background of the students. It will be an opportunity for the prospective students to communicate and build networking connection with the experts from various parts, functions and career levels. Also, owing to the guest lecturers from corporate honchos help in developing business contacts which will help in the students' personal and professional development.
  5. Corporate Sponsorship – Organizations regularly finance their important workers to pursue Executive MBA from a prominent foundation on the condition that they would join the association and take up a higher administration or leadership role. Such students don't participate in the placement procedure and go back to join their previous association itself to contribute to their newly obtained learning. However, the fee for the sponsored candidates is higher than that of the non-sponsored applicants.
  6. To continue work while you learn – Working professionals, who are in a responsible position regularly think that it’s hard to leave the association or take sabbatical. For them, acquiring a MBA through Part Time or Online MBA is the best choice. Instead of finishing the whole educational modules in 1 year, the students get the flexibility to finish the educational programs over 2 to 3 years through online classrooms or weekend classes.
  7. To pursue long lost MBA dream – While around 2 lakh applicants take CAT or the Common Admission Test, not everyone is sufficiently blessed to grab the coveted seat in one of the top B-schools. As the admission factor incorporates past academic records, high CAT percentile, performance in WAT-PI and GD, a large part of the MBA applicants let go of the dreamowing to disqualifying in one of the criteria. Instead of compromising their dream by accepting admission from a mid-level B-School, they regularly either proceed with their erstwhile jobs or take up new job to gain important work experienceonly to set themselves up for pursuing the Executive MBA.

According to survey conducted  by IIM Ahmedabad for the Executive MBA candidates, the top purposes behind pursuing Executive MBA is to overcome any issues between the current skill level and desired skill level to play a bigger part in management and to accomplish shift in career path.

How to pursue Executive MBA

The essential qualification criterion for the applicants is to have at least 3-5 years of work experience. The top B-schools in India accept the scores of GMAT. The applicants are shortlisted on the basis of their GMAT score, Statement of Purpose or Essay or Letters of Recommendation and performance in Personal Interview rounds. Some B-schools also accept CAT scores along with GMAT scores or conduct their own entrance examination for the admission in the Executive MBA program. A few institutes have the minimum age limit factor as well.

While the applicants of Executive MBA already has the much necessary work experience, all they need to concentrate on next is a good GMAT score. The advantage of GMAT is that the exam can be taken different times each year according to the applicants' comfort and the scores are valid for 5 years. However, most of the B-schools accept scores of 2 to 3 years.

After you apply to the B-schools on the basis of your GMAT scores, the shortlisted applicants should get prepare on their soft skills, for example, Essay Writing and Personal Interview. Some B-schools also ask for a definite Statement of Purpose. In order to succeed in these rounds, clarity in though is the most important element. They should be effective in discussing their ideas with the interview panel on how the Executive MBA would increase the value of his or her career.

While preparing for GMAT is a rigorous task, it is also essential that the applicants prepare for the last round of selection process with equivalent vig our in order to succeed in their dream.  

Top Executive MBA programs

The following table will bring you the top B-schools in India offering Executive MBA programs along with the salient features.

B-School

Program

Duration

Mode

Selection Procedure

Seats

Fee

IIM Ahmedabad

Post Graduate Programme in Management for Executives (PGPX)

1 year

Full Time

Personal Interview

Essays (2)

85

Rs. 24 lakh

IIM Bangalore

Executive Post Graduate Programme in Management (EPGP)

1 year

Full Time

Statement of Purpose (SOP)

Two Reference letter

Written Ability Test and Interview

60

Rs. 22,77,500

IIM Calcutta

Post Graduate Programs for Executives (PGPEX)

1 year

Full Time

Statement of Purpose

Letters of Recommendation from 2 senior managers

50

Rs. 22 lakh

IIM Lucknow

International Programme in Management for Executives (IPMX)

1 year

Full Time

Statement of Purpose

2 Letters of Recommendation

Personal Interview

70

Rs. 19,111

IIM Lucknow Noida Campus

Working Manager Programme (WMP)

3 years

Part Time

Written Exam

Group Discussion

Personal Interview

NA

Rs. 9,10,000

IIM Indore

Executive Post Graduate Programme in Management (EPGP)

1 year

Full Time

Personal Interview

NA

Rs. 18 lakh

IIM Indore Mumbai campus

Post Graduate Programme in Management for Executives (PGPMX)

2 years

Part Time

Personal Interview

NA

Rs. 11 lakh

IIM Kozhikode

EPGP

2 years

Part Time

CAT (2 years validity)

GMAT (2 years validity)

EMAT

Personal Interview

NA

Rs. 7,40,000

ISB Hyderabad

Post Graduate Programme in Management (PGP)

1 year

Full Time

Personal Interview

 

Hyderabad campus – 550

Mohali – 270

Rs. 25,43,700

 

Post Graduate Programme in Management for Senior Executives (PGPMAX)

15 months

Part Time

Personal Interview

NA

Rs. 35,59,000

FMS Delhi

MBA Executive

2 years

Part Time (Evening Programme)

Writing Ability Test

Personal Interview

172

Rs. 2 lakh + miscellaneous fee

 

MBA Executive-Healthcare Administration (HCA)

2 years

Part Time (Evening)

Writing Ability Test

Personal Interview

42

Rs. 2 lakh + miscellaneous fee

XLRI Jamshedpur

PGDM (BM)

3 years

Part Time

Aptitude Test

Personal Interview

NA

Rs. 10 lakh

 

PGDM General Management (GM)

15 months

Full Time

Group Discussion

Personal Interview

119

Rs. 16 lakh

IIFT Delhi

 

2 years

Part Time

Group Discussion

Essay Writing

Interview

NA

Rs. 3,75,000

 

Executive Post Graduate Diploma in International Marketing (EPGDM)

&

Executive Post Graduate Diploma in Capital and Financial Markets (EPGDCFM)

2 years

Part Time

Group Discussion

Essay Writing

Interview

NA

Rs. 3,50,000

 

MBA Part Time

3 years

Part Time (Evening)

Group Discussion

Essay Writing

Personal Interview

NA

Rs. 7,50,000

MDI Gurgaon

National Management Programme (NMP)/PGP-Energy Management

1 year

Full Time

Personal Interview

NA

Rs. 12,77,000

 

PGPM

3 years

Part Time

Personal Interview

NA

Rs. 9,37,000

SPJIMR Mumbai

Post Graduate Executive Management Programme (PGEMP)

21 months

Part Time

Group Discussion

Personal Interview

IQ and Psychometric Test

NA

Rs. 6,20,000

IMT Ghaziabad

PGDM Executive

15 months

Full Time

Personal Academic Discussion

NA

Rs. 12 lakh

Great Lakes Institute of Management

PGPM

1 year

Full Time

Essay Writing

Group Discussion

Personal Interview

NA

Rs. 14,65,000

NMIMS Mumbai

Executive MBA

1 year

Full Time

Written Test

Personal Interview

NA

NA

 

MBA (Part Time)

2 years

Part Time

Written Test

Personal Interview

120

NA

 

Executive MBA Time line

The timeline for the Executive MBA varies from institute to institute. Some institutes even conduct multiple batches or application cycles to suit the schedule of the executives. The table below will bring to you the approximate timeline followed at the top B-schools offering Executive MBA.

 

B-School

Application Starts

Application Ends

Session Commencement

IIM Ahmedabad

 

September (Round 1)

November (Round 2)

April

IIM Bangalore

May (Round 1)

September (Round 2)

August (Round 1)

November (Round 2)

 

IIM Calcutta

July

October

April

IIM Lucknow

July

October

April

IIM Indore

 

October/December

April

IIM Kozhikode

May

August

September

IIM Shillong

January

May

October

IIM Ranchi

 

October

January

IIM Rohtak

 

August

 

IIM Raipur

 

April

June

IIM Trichy

April

May

July

IIM Udaipur

June

 

 

 

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