Are you thinking of studying Executive MBA to boost your career but are confused about the colleges? Well, throw out your worries as we are here with a guide on how to pursue an Executive MBA. Executive MBA is one of the most popular courses abroad; it is designed to help working professionals gain valuable skills and theoretical knowledge to advance further in their careers. Most Executive MBAs are offered as part-time or one-year courses to ensure that students can rejoin the working force without a prolonged academic delay. In this blog, we will cover the best colleges for executive MBA in India and Abroad!
Must Read: MBA Courses for Working Professionals
This Blog Includes:
- What is an Executive MBA?
- Specializations for Executive MBA
- Top 10 Executive MBA colleges in India
- Best Colleges for Executive MBA Abroad
- Course Fees
- Eligibility Criteria
- Alternative Study Options
- Jobs and Salary
What is an Executive MBA?
Executive MBA or EMBA is a 12 to 15 month-long course for business executives with experience of five or more years. Students who opt for this course are working professionals and hence, classes are conducted on the weekends to accommodate their busy schedules. Executive MBA is a popular choice as it provides worldwide entrepreneurial opportunities. EMBA provides experience and understanding in areas of administration of a business and managing its operations. Students from all backgrounds, be it commerce, science, or humanities, can go for this course. Certain skills like communication skills, problem-solving ability, research orientation, analytical thinking, eye for detail, goal-oriented, mathematical skills, and ability to work under immense pressure are essential for seeking admission in this programme.
Also Read: Executive MBA in India: Top Universities and Courses
Specializations for Executive MBA
India is a hub for some of the best MBA colleges and management specialisations. There are over 6000 business schools, colleges and universities offering MBA courses in India. Some of the best colleges are the Indian Institute of Management (IIM Ahmedabad), IIM Calcutta (Kolkata), and Faculty of Management Studies (FMS, Delhi). In India, an EMBA degree is ordered along with various specialisations such as-
- Sales and Marketing
- IT and Systems
- Human Resource
- Business Analytics
- International Business
- Supply Chain
- Transport and Logistics
Must Read: Study MBA in Music Business at the Berklee College of Music
Top 10 Executive MBA colleges in India
|College Name||Business Today Rank||NIRF’ 20 Rank|
|NMIMS School of Business Management, Mumbai||11||24|
|Great Lakes Institute of Management, Chennai||14||23|
Note:- The NIRF Ranking for IMT Ghaziabad, NMIMS School of Business Management Mumbai, IMI Delhi, and Great Lakes Institute of Management, Chennai are for Private MBA.
Must Read: Executive MBA from IIMs
Best Colleges for Executive MBA Abroad
|The Wharton School||San Francisco||24 months||$210,900 (INR 1,56,81,996)|
|MIT Sloan School of Management||Cambridge||20 months||$178,302 (INR 1,32,58,090)|
|London Business School||London, Dubai||20 months||$90,800 (INR 67,51,661)|
|IESE Business School||Barcelona, New York||18 months||$115,000 (INR 85,51,112)|
|Booth School of Business||London, Hong Kong||21 months||$194,000 (INR 1,44,25,355)|
|HEC Paris||Paris||15-18 months||$79,950 (INR 59,44,002)|
|The Kellogg School of Management||Evanston, Miami||24 months||$208,152 (INR 1,54,75,372)|
|Haas School of Business||Berkeley||19 months||$190,550 (INR 1,41,67,392)|
|INSEAD||Abu Dhabi, Singapore||14 months||$130,000 (INR 96,65,500)|
|UCLA Anderson School of Management||Los Angeles||22 months||$163,000 (INR 1,21,19,050)|
Explore: Top Reasons to Pursue MBA in 2021
Below is the list of colleges for executive MBA regarding the cost incurred for education:-
Private Colleges in India
|Colleges||Course fee (₹ in lakhs)|
|NMIMS School of Business Management, Mumbai||5.25|
|Great Lakes Institute of Management, Chennai||8.50|
|Symbiosis Institute of Business Management, Pune||6.10|
Public Colleges in India
|Colleges||Course Fee (₹ in lakhs)|
The eligibility criteria are for all the colleges for executive MBA. However, there are some common guidelines which are mentioned below-
- As a basic criterion, candidates must pass a graduation degree or equivalent from any recognised university in any discipline.
- Most of the universities follow a minimum of 50% aggregate marks in a graduation degree or equivalent. However, few Universities have no such minimum percentage criteria.
- Candidates must possess a minimum of two-year experience at the managerial or executive level.
- Apart from educational qualifications, top-ranked Universities also accept scores of national and state-level entrance level examinations like GMAT, CAT, XAT, MAT and CMAT for admissions.
Here are some of the most frequently requested documents for international students interested in pursuing the top EMBA in the globe. More detailed information will be available on the official website of your respective university.
- Passport size photographs
- Copies of the application form
- Copies of past academic scores
- Academic transcripts
- Letters of recommendation
- Personal statement/ essays
- Letter of sponsorship (if applicable)
- VISA related documents
- Other documents
Alternative Study Options
There are multiple alternative courses available for executive MBA to pursue higher education or certification. These are mentioned below:-
- Financial Risk Manager (FRM) Exam
- Chartered Financial Analyst (CFA)
- Certified Information Systems Auditor (CISA)
- Certification in Risk Management Assurance (CRMA)
- Certified in Production and Inventory Management (CPIM)
- Project Management Professional (PMP)
- Second MBA from an international business school.
Must Read: Online MBA Courses
Jobs and Salary
The demand for professional MBAs is extremely high, students can fetch extremely great opportunities from both private and public sectors. There are certain fields in which executive MBAs get opportunities to flourish themselves. Find these areas listed below, along with their average salaries:
|Job Profile||Average Annual Salary|
|Finance manager||$134,180- $186,060|
|Sales manager||$132,290- $185,200|
|Marketing Manager||$142,170 – $191,760|
|Human resource manager||$80,663 – $102,780|
|Digital marketing manager||$94,168|
|Operations Manager||$62,834 – $88,336|
|Production manager||$93,940 – $162,240|
Explore: Placements at IIMs: Highest and Average Packages
Some of the companies participate in campus placement at popular colleges for executive MBAs in India and offer excellent job opportunities right after graduation. These are mentioned below-
- Trident Group
- Grey Orange
- Reliance Industries
- Larsen & Toubro (L&T)
- Hindustan Unilever (HLL)
- UltraTech Cement
- Mahindra and Mahindra
- ITC Limited
- Tata Motor
- Godrej & Boyce Mfg. Co.
- Asian Paints
Must Read: Best MBA Online Courses in Europe
EMBA students have faster-paced sessions than MBA students, although they still study the same subject. Programs offer fewer electives than other MBA programmes and are structured in such a way that students take the bulk, if not all, of their classes with the same people. The EMBA programme emphasises the development of both hard and soft skills, as well as providing participants with practical, relevant information to help them thrive in their leadership roles.
Ans. An executive MBA provides similar or even greater professional value because it always prepares you for the next level. An EMBA has a greater impact on one’s professional life. According to EMBAC, 39% of EMBA graduates get promoted following graduation.
Ans. An executive MBA does not provide as many specialities as a full-time 2-year MBA. As a result, you may have difficulty finding a programme that meets your academic, social, geographical, and scheduling needs. As a result, a compromise is required.
Ans. A professional who has completed the IIMs’ Executive MBA programme can earn anywhere between INR 18 lakh and INR 90 lakh per year or more.
So that is all regarding the course of EMBA and the best colleges for executive MBA in the world. If you are planning to study abroad then sign up for a free 30-minute session with our Leverage Edu experts and find out the best courses for your academic profile!