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What is an Executive MBA and Executive MBA Your Way To Success 31 Oct 2020
| Updated: Apr 13, 2020, 13:25 IST
MBA Programs
MBA Programs 2020
What is an Executive MBA and Executive MBA Your Way To Success 31 Oct 2020
What is an Executive MBA?
Lots of people would like to study postgraduate courses and most of them are very much interested in studying an MBA as it helps them to enhance their managerial and leadership skills. As we know that MBA is for anyone who wants to enhance their skills in business and management. But, the executive MBA is for the working professionals such as corporate managers and executives who would like to sharpen their managerial skills while they are in their job. In this article, you’re going to read the ins and outs of the Executive MBA in a detailed manner. After that, you can get clarity of the terms MBA and Executive Master of Business Administration.
What are the Similarities and Differences between MBA and EMBA?
Executive MBA is Executive Master of Business Administration. Executive MBA is otherwise known as EMBA and it’s specially designed for working professionals. Hence, those who don’t want to get discontinued from their work and like to do an MBA degree can go for the EMBA. Alright! The following table describes the major similarities and differences of MBA and Executive MBA.
|
Description |
MBA |
EMBA |
|
Full Form |
Master of Business Administration |
Executive Master of Business Administration |
|
To Whom |
For anyone from any background |
For working professionals such as corporate managers and executives |
|
Applications |
Less work experience (up to 3 years' experience usually required) and test results play a major role Requires minimum GMAT score of 600 by most schools and 700 by top schools
|
Professionals with 10-15 years' work experience needed |
|
No entrance exams |
||
|
But, candidates without a bachelor's degree in business will need a GMAT score |
||
|
Duration |
Traditionally 2 years in North America and 1 year in Europe
|
Traditionally 2 years in North America and 1 year in Europe |
|
Part-time, on weekends and evenings |
||
|
Continue to work full-time while learning |
||
|
Fees |
Self-funded |
Costs covered by employers |
|
Scholarships available |
Self-fund for some students and EMBA scholarships are available |
|
|
Lifestyle |
Living permanently on or near campus |
Fewer Interactions with students and less intense relationships |
Why Executive MBA Programs?
Above we have discussed the full form of Executive MBA and the major differences between MBA and Executive MBA. But, most of you might have confusion about the importance of Executive MBA programs. Alright! Let’s read about why Executive MBA programs. As we know that Executive MBA programs are considered as one of the best courses and as well as perfect for the working professionals. There are various kinds of management programs are existing for the corporate executives and managers in diverse institutes. But, the executive MBA programs are gaining popularity in India. Most of the working professionals are taking part in the regular EMBA programs.
Following are some of the programs in which you can take part,
- Executive Masters in Business Administration
- Executive Masters in Business Administration
- Executive Post-Graduate Diploma in Management
- Executive Management of Business Finance
- Executive Education Program in Operations Management
For this reason, the executive MBA exists and candidates are studying EMBA programs to enhance their management skills. Studying an EMBA helps the working professionals to move to either mid-level of senior-level management.
Who can study an Executive MBA?
The Executive MBA or EMBA courses are most suitable for those who want to upgrade their skills in latest management techniques. Additionally, this program suits well for the working professionals who don’t want to discontinue or relieve from their work. Most probably, they would be sponsored by their employers, though in these days, they are mostly self-funding candidates. As per the statement, the age of an average executive MBA candidate in the year 2016 is 38 years. The Executive MBA degree is offered in a standard format, where working managers and executives can attend classes over a set number of intermittent residential weeks, or over weekends and evenings. The course fees for EMBA programs are very high and one can complete the course within 18-24 months.
|
EMBA |
|
|
Designed for |
Senior Working Managers |
|
Age range of participants |
Between 30 and 45 |
|
Course duration |
18 to 24 months |
|
Course Fees |
Varies from one institute to another |
What is the duration of Executive MBA Programs?
Students who are studying an EMBA should attend class at a pre-designated learning centre. Generally, the Executive MBA classes are conducted in real time by means of a computer and a high-speed broadband internet connection. Students are required to attend 6 hours of class every week and a campus visit for 10 days once a year. Few top institutes like XLRI, IIM offer EMBA in association with technology partners such as Reliance, DWGE, and the course fees vary from 1 Lac to 3.5 Lac based on the Institute norms.
In addition to this, few corporates have also tied up with institutes to provide an EMBA at their campuses. This, in turn, helps them to enable the ever-growing need for mid-level and senior level management. It’s expected that this trend will become more popular as it is a win-win situation for all stakeholders. And, in these days, this trend is being observed in BPO, IT industry, Retail and other emerging sectors. However, the duration of an EMBA varies from 1 to 5 years. And, they are offered in various modes which include full-time, part-time, distance education, weekend, and online classes.
What are the top 5 reasons to Study an Executive MBA?
If you have 5 or more years of working experience, an EMBA is a right choice for you to develop your managerial skills. Studying an EMBA helps you in different forms so that you can reach to the top of your career ladder. So, here are top 5 reasons that describe why to study an Executive MBA.
1. Gather new Skills
Studying an EMBA program helps an individual to move to the next level in their career path. And, it's true that we should upgrade our knowledge in the appropriate field to go ahead in our career life. Hence, by means of this program, an individual can sharpen their skills. Here are some of the skills one can gather during their EMBA program,
- New management skills and techniques which helps to move towards increased responsibilities
- Strategic thinking, critical analysis, and so on
- Good communication and team building skills
2. Helps in career development
An Executive MBA helps an individual to move towards the higher positions in their career. Moreover, one can start their own business by means of skills gathered during this course.
3. Different perspective
Studying an Executive MBA not only helps you in getting insights into various managerial and leadership approaches but also in different business practices. You can gather knowledge from different perspectives which in turn it helps you to start your own business.
4. Immediate return
The main benefit of the Executive MBA program is that both you and your employer get an immediate return. This is because you'll become knowledgeable after you walk away from each class so that you can easily implement those ideas in your job to get the result.
5. Build your Network
It helps to build a friendly and professional relationship with business persons during your course and after that as well. With the help of the business partnerships you gain, you can get new ideas to implement in your business.
These are some of the top reasons that describe the need to study an Executive MBA.
How to choose the best institute to pursue EMBA?
There are numerous institutes are offering EMBA programs. Hence, it will be confusing to choose the best for you. But, if you consider a few criteria before choosing the best institute to pursue an EMBA, you can easily get an admission into the best institute. The following are some of the factors that one should consider when choosing the best institute to pursue an Executive MBA.
- Check whether the institute is privately owned or government.
- Make sure that the institute offers various courses and the course you’d like to study.
- Course fee and duration
- Admission criteria
- Entrance Exams needed to crack
- Post-MBA goals and rank of the institution
- Considering the Accreditation and approval of an institute is highly important
- Curriculum and internship
- Other facilities include the Library, cafeteria, Hostel, Sports Complex, Gym, hospital & medical facilities, music room, A/C classrooms, labs, and so on.
Which are the best institutes to pursue Executive MBA programs?
As we discussed above, there are lots of institutes are available to study an Executive MBA degree. Hence, you can choose the best amongst all to pursue your MBA course effectively. But, before that consider the criteria mentioned above while choosing the institute to start your EMBA program. The following section explains the top 3 institutes to pursue an Executive MBA program.
BITS Pilani WILP MBA
Birla Institute of Technology is a well-known brand and ranked high among the top educational institutes in India. This institute offers WILP (Work Integrated Learning Programmes), which is designed for working professionals. Furthermore, this course is for various employed professionals in diverse Engineering and IT industries.
|
Institute Type |
Deemed University |
|
Courses offered |
|
|
Mode |
Online & Offline |
|
Eligibility |
BE/B.Tech/M.Sc or equivalent with minimum 1-2 years relevant industry work experience |
|
Duration |
2 Years |
|
Fee range |
1.5 Lakhs to 2 Lakhs |
BITS is like a distance learning program and it's more suitable for the working professionals. After the completion of a course in BITS Pilani, an individual can get the chances of getting placed in a good job, good pay, and so on.
NMIMS Global Access School
NMIMS is also known as Narsee Monji Institute of Management Studies. It's also one of the top business schools in India. In order to get an admission into this b-school, one should attend the written test and personal interview conducted by the college. Additionally, candidates can also appear for the selection process with their GMAT score of 600 and above. This institute offers an Executive MBA course at their campus in Mumbai, Shirpur, Bengaluru, and Hyderabad.
|
Institute Type |
Deemed University |
|
Courses offered |
Executive MBA |
|
Mode |
On Campus |
|
Eligibility |
Candidates should be graduated from a recognized University in any discipline with minimum 5 years of work experience in executive or supervisory capacity. |
|
Duration |
15 to 24 months |
|
Fee range |
5 Lakhs |
Pursuing your MBA degree in NMIMS will help to add an extra value to your career. One has also the chance to take a module for one week and take the next week off so you can easily balance both work and personal commitments.
Indira Gandhi National Open University (IGNOU)
IGNOU is also known as Indira Gandhi National Open University. IGNOU is one of the well-known institutions in the field of distance education. It offers an Executive MBA course in different streams include finance, Marketing, HR, IT, and hospitality management.
|
Institute Type |
Central Open University |
|
Courses offered |
Executive MBA in Marketing, Finance, HR, IT and Hospitality Management |
|
Mode |
On Campus |
|
Eligibility |
Graduation from any discipline with minimum 2-5 years of work experience is required |
|
Duration |
18 months |
|
Fee range |
1.5 Lakhs to 2.5 Lakhs |
IGNOU is a great institute for pursuing an executive MBA and its a perfect place for knowledge enhancement with an additional degree.
What are the Executive MBA Eligibility Details?
An individual who would like to pursue an EMBA degree should satisfy some criteria to be eligible for the Executive MBA program. The following are the Eligibility Criteria for applying to an EMBA degree,
- A valid card of GMAT/CAT
- Good knowledge of English
- At least 3-5 years of professional working experience
- An individual should be at managerial level while applying
- A degree in any stream or equivalent qualification from the recognized university
Additionally, it’s must to obtain an approval from the respective companies for pursuing an EMBA degree and one should be in their job until their course has finished.
What are the subjects included in EMBA?
We all are curious to know the subjects included in Executive MBA courses. So, in this section, we have listed out the various subjects included in the course. But, before you should know that the EMBA courses are divided into subject-wise. They are as follows,
- Human Resources
- IT System
- Finance
- Marketing
- Hospitality Management etc.
In addition to this, students who choose the course of 2 or 3 years have general management in the first two semesters. And, for the rest of the semesters, they cover finance/human resource/market etc as specialization papers. Every year, students will be having two semesters of 6 months span each. And, the final semester is for a project work.
Hope you’ve gathered enough knowledge about an Executive MBA. Keep in mind the aforementioned details while pursuing an EMBA.
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