Executive MBA in Mumbai

The financial and entertainment capital of India, Mumbai has been home to some of the prominent educational institutes of all time. The city has scientific research institutions such as Bhabha Atomic Research Centre (BARC), Nuclear Power Corporation of India (NPCIL), and Tata Institute of Fundamental Research (TIFR) which are among the top institutes of India. If you’re someone who is looking to pursue management programs from leading colleges in Mumbai, MBA is a great option for you! This blog will list down some of the leading and renowned educational institutions that offer an Executive MBA in Mumbai.

Highlights

Course Name	Executive MBA
Course Duration	1 – 2 Years
Course Type	Semester Based
Eligibility	Graduation + Work Experience
Admission Process	Entrance Exams like CAT/ GMAT/NMAT/XAT/CMAT/ATMA + GDPI
Top Recruiters	TCS, Infosys, BCG, Accenture, McKinsey & Co
Course Fees	INR 7,00,000 to INR 40,00,000

Why Executive MBA?

Executive MBA, often known as EMBA, is a programme in Masters of Business Administration that is popular among MBA candidates. The following are major reasons which make it a preferred choice among candidates:

• Many colleges and universities offer a one-year course.
• Fees are lower.
• Makes working professionals hone their skills

Executive MBA programmes are typically favoured by professionals who have many years of expertise in a specialised industry and want to advance their careers. Training like this, along with some practical experience, can easily propel a deserving employee to a better position. Aside from a promotion or a higher job, this degree may result in a hike in your existing salary.

The most significant benefit of an Executive MBA degree is a 10% to 12% increase in compensation. After all, everyone works to make money. However, even freshmen can follow this course, although their enthusiasm is a little less when compared to experts with some work experience.

There is a significant growth in the number of Executive MBA students in Mumbai colleges. This course is offered in both full-time and part-time formats. You can enrol in any course type according to your preference. It is generally advisable that a freshman should enrol in full-time programmes, whereas professionals or working persons with a few years of experience should enrol in part-time EMBA programmes.

Also Read: 6 Best Institutions for Executive MBA Programs around the Globe 

Executive MBA in Mumbai 

The Executive MBA in Mumbai is a postgraduate program. It is created specifically for working professionals who would like to improve their management and administrative abilities in their sector of work and industry to adapt and mould into a fast-changing corporate environment. Because the Executive MBA is meant for working people, the course duration is shorter than that of other full-time MBA programmes, and it is offered for 1 year to 18 months. The program is offered in a wide range of disciplines such as Marketing, Human Resources, Finance, Accounting, and more.

Types of Executive MBA in Mumbai

Executive MBA in Mumbai is established and meant for professionals who work in the industry, and the one thing that professionals lack is time. It can be tough for them to attend classes since they work. To address this issue numerous types of Executive MBA courses are offered:

• Executive MBA Full-Time
• Executive MBA Online 
• Weekend Executive MBA

Must Read: Indian MBA Vs Foreign MBA: Which one is Better?

MBA Courses in Mumbai

Every year, MBA institutions or schools in Mumbai produce a large number of applicants with an MBA degree. The following is a list of MBA courses provided by MBA institutes in Mumbai. If you want to pursue an executive MBA, you can pick from the following programmes:

• MBA in IT Management
• MBA in General Management
• MBA in Operations Management
• MBA in Financial Management
• MBA in Infrastructure Business
• MBA in Marketing Business

Must Read: Best Executive MBA Programs around the World

List of Colleges for Executive MBA in Mumbai 

Numerous educational institutions in Mumbai offer Executive Master of Business Administration programs to Indian and international students. Below is an extensive list of the leading institutions which offer Executive MBA in Mumbai:

1. SP Jain School of Global Management
2. SP Jain Institute of Management and Research 
3. Narsee Monjee Institute of Management Studies, School of Business Management 
4. Tata Institute of Social Sciences
5. SDA Bocconi Asia Center
6. IIT Bombay – Indian Institute of Technology
7. K J Somaiya Institute of Management
8. Guru Nanak Institute of Management Studies
9. National Institute of Management
10. Pillai Institute of Management Studies and Research
11. Jankidevi Bajaj Institute of Management Studies
12. Institute of Business Studies and Research
13. Athena School of Management
14. Thadomal Shahani Centre for Management
15. Welingkar Institute of Management Development & Research 
16. SIES School of Business Studies 
17. VES Institute of Management and Research 
18. Durgadevi Saraf Institute of Management Studies
19. Institute of Logistics and Aviation Management (ILAM)
20. Indian Institute of Business Management and Studies 
21. Europe Asia Business School 

Let’s now walk you through some of the prestigious colleges in Mumbai that are providing executive MBAs in detail:

SP Jain Institute of Management and Research, SPJIMR 

Inaugurated in 1981 by the British PM Marget Thatcher, SP Jain Institute of Management and Research is one of the leading management institutions in the country, This institute is consistently ranked among the top 10 management institutes of India. Placed at the 16th spot in the MHRD-NIRF 2019 rankings, this institute offers various postgraduate and doctoral programs in Management. SPJIMR offers 21 months, part-time Global Executive MBA program.

Also Read: IIFT Executive MBA

Narsee Monjee Institute of Management Studies

Incorporated in the year 1981, Narsee Monjee Institute of Management Studies (NMIMS) is ranked among the top management institutes in India and is among the prominent MBA colleges in Mumbai. NMIMS placed at 20th position in the list of NIRF-MHRD 2019 Management institutes of India. NMIMS offers a 15-month and 24-month duration fast track Executive MBA program, specially designed for working professionals who want professional education without a career break.

Must Read: Best Colleges for Executive MBA in the World

Jamnalal Bajaj Institute of Management Studies (JBIMS)

Established in the year 1965, Jamnalal Bajaj Institute of Management Studies (JBIMS) is one of the top educational institutes in India, which offers an Executive MBA in Mumbai. Located in the heart of Mumbai in Churchgate, they had produced various industry leaders in the past. JBIMS offers a 30weeks Executive MBA program to students and working professionals in:

• Human Resource Development and Management
• Marketing Management
• Finance Management
• Information Management

Also Read: BBA Colleges in Mumbai

Indian Institute of Technology (IIT-Bombay)

Established in the year 1958, the Indian Institute of Technology (IIT-B) was the first institution in India that was established with foreign assistance. Declared an ‘Institute of National Importance’, the institute offers various bachelor’s, master’s and doctoral courses. IIT-B secured the 10th position in the list of NIRF-MHRD 2019 Management institutes of India. This technical engineering institute also offers MBA programs as well. IIT Bombay offers 18- months Executive MBA in Mumbai, through collaboration with Washington University.

Also Read: Mumbai University Courses

TATA Institute of Social Sciences (TISS)

Incorporated in the year 1936, TATA Institute of Social Science (commonly known in short TISS) is one of the premier institutes in India. The institute offers master’s, postgraduate and research courses to its students in the field of Social Science, Public Policy, Human Development, and Economics. TISS ALSO offers part-time-Classroom, 18 months duration Executive MBA and Post Graduate Diploma in Human Resource Management.

Also Read: Executive MBA from IIM

Eligibility Criteria

Candidates must meet the following requirements to be eligible to pursue an EMBA in Mumbai:

• A bachelor’s degree is required, with at least a 50 per cent cumulative or comparable CGPA from a recognised university.
• Candidates must have 2 to 5 years of experience in the field.
• Candidates must be at least 27 years old at the time of application.
• Some institutions may require GMAT scores.

Admission Process

The admission process for Executive MBA in Mumbai is as follows:

• On or before the due date, the applicant must submit the stipulated application form along with all required credentials.
• On the date of the entrance exam, the applicant must appear for the selected programme.
• The following factors will be considered in the selection process:
  • Scholastic record
  • The degree and practical experience
  • Performance in the Institute’s selection programme.

Executive MBA in Mumbai Fees

Post knowing some of the well-known colleges and B-schools that are providing executive MBA in Mumbai, let’s have a look at the fee structure of the top colleges in Mumbai:

College/University	Average Fees in INR (Estimated)
SP Jain Institute of Management and Research	8-9 lakh
SP Jain School of Global Management	15.74 lakh
Narsee Monjee Institute of Management Studies, School of Business Management	5-7 lakh
Tata Institute of Social Sciences	3.5 – 4 lakh
SDA Bocconi Asia Center	15.5 lakh
IIT Bombay – Indian Institute of	36 lakh
K J Somaiya Institute of Management	8.2 lakh
Guru Nanak Institute of Management Studies	1.15 – 2 lakh
National Institute of Management	45,000 – 50,000
Welingkar Institute of Management Development and Research	7 lakh

EMBA in Mumbai: Future Scope

The demand for an Executive MBA is increasing. The number of students accepted into EMBA programmes at leading B-schools suggests that recruiters prefer MBA graduates with work experience.

The top average remuneration provided to students of executive education programmes at the IIMs and other B-Schools is INR 13.50 lakh per year and higher. Executive MBA students are well-suited for top-level management positions, as well as consulting and entrepreneurship. They are sought after by a variety of firms and business houses that require senior management in disciplines like finance, marketing, sales, human resources, information technology, digital marketing, business analysis, operations, banking, insurance, consulting, and so on.

Top Recruiters

Some of the companies that participate in the campus placement process to recruit Executive MBAs in Mumbai are given below:

• HCL,
• Infosys,
• Vedanta,
• Trident Group,
• Grey Orange,
• KPMG,
• Reliance Industries,
• Larsen & Toubro (L&T),
• Cadbury,
• Hindustan Unilever (HLL),
• UltraTech Cement,
• Mahindra and Mahindra,
• ITC Limited,
• Tata Motor,
• Godrej & Boyce Mfg. Co.,
• Asian Paints

EMBA VS MBA (BONUS)

You might be wondering what is so unique about an Executive MBA and how is it even different from a normal MBA. While a normal MBA is great for young professionals, EMBA is the perfect choice for experts. Here are the major differences between an MBA and an Executive MBA in Mumbai. 

Criteria	Executive MBA	Regular MBA
Duration	1 Year	2 Years
Fees	INR 7,00,000 – INR 40,00,000	INR 8,00,000 – INR 60,00,000
Average Package	INR 12 LPA – INR 50 LPA	INR 15LPA- INR 60 LPA
Average Work Experience	Minimum 10 years	No work experience to a minimum of 2 years
Target Students	Experts in fields looking to enhance their knowledge or improve their career position	Freshers/ Working Professionals with early year experience looking for a jump in career

Must Read: Executive MBA vs Regular MBA

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