As a business owner, everyone wants to build a robust network, excellent business skills, and reputation. But an Executive MBA program can help you build all that and much more.
Those who enrol in an executive MBA program get an opportunity to study with such students who are above the age of 30 and have more than 5 years of experience. The average duration of executive MBA programs is 12 months to 24 months. Thus, it would be convenient for you to study without disturbing the current business or job. But the bigger question here is, which one suits you the best? Do you qualify for an Executive MBA? Is an Executive MBA worth it? Is an executive MBA as good as an MBA? Read this blog to find out answers to all your questions for Executive MBA Programs.
This Blog Includes:
- What is an Executive MBA Program?
- Key Features of Executive MBA
- Eligibility for Executive MBA
- Entrance Requirements for EMBA
- Executive MBA in India
- Top 10 Executive MBA Programs in the World by QS
- Top 10 Executive MBA Programs in the World by Financial Times
- EMBA VS MBA
- Why should you go for EMBA?
- Executive MBA Admission Process
- Executive MBA Admission Process in the World
- Best Institutes for Executive MBA Programs
- Executive MBA Programs at INSEAD
- Executive MBA Programs at Haas School of Business
- Executive MBA Programs at UCLA Anderson School of Management
- Executive MBA Programs at The University of Chicago Booth School of Business
- Executive MBA Programs at IESE Business School
- Executive MBA Programs at London Business School
What is an Executive MBA Program?
Executive MBA is a postgraduate program exclusively designed for working professionals who are looking to upgrade their managerial and administrative skills in their field of work and industry, in order to adapt and mould into a rapidly changing business environment. Since the Executive MBA in India is designed for working professionals, the duration of the course is shorter than other MBA programs and is available for the duration of 1 year to 18 months in the form of Full-time and Part-time Programs.
Key Features of Executive MBA
|Course Name||Executive MBA|
|Course Duration||1 Year|
|Course Type||Semester Based|
|Eligibility||Graduation + Work Experience|
|Admission Process||Entrance Exams like CAT/ GMAT|
|Top Job Profiles||Manager, CXO,|
|Top Recruiters||TCS, Infosys, BCG, Accenture, McKinsey & Co|
|Course Fees||INR 15,00,000 to INR 1,50,00,000|
Eligibility for Executive MBA
Your eligibility for an Executive MBA will depend on the country you are applying to. Top Universities in the world require:
- Bachelor’s Degree in BCom/ BBA or related field.
- Minimum work experience of 8 years
- 5 or more years of managerial experience (included in total work experience)
- Sponsorship from Organization
- Must have leadership potential
- International work experience with people of different cultures
Entrance Requirements for EMBA
Several universities have different entrance exams for their EMBA exam. While some accept GMAT, some have tests of their own. There are many universities where your result is solely based on your merit and work experience and require no entrance exam. Many universities have their own minimum work experience requirement. Here are entrance exams and minimum work experience required for top universities for EMBA.
|University||Entrance Exam||Work Experience|
|Wharton Business School||GMAT||8 Years|
|IESE Business School||IESE Test/ GMAT||10 Years|
|HEC Paris||GMAT/ GRE/EA Test/ In-house HEC Test||8 Years|
|MIT Sloan Institute of Management||Not required||10 Years|
|London Business School||EA Test/ GMAT / GRE||12 Years|
|University of Chicago||GMAT / EA Test||10 Years|
|INSEAD||GMAT/ EA Test/ INSEAD Assessment||13 Years|
|Said Business School||GMAT/ EA Test (Not required for highly experienced students)||5 Year (Managerial)|
|UCLA Anderson School of Management||Not required||8 Years|
|Haas School of Business||GMAT/ GRE/ EA Test||8 Years|
Executive MBA in India
There are several prestigious colleges and universities offering quality MBA programs. Here is a list of some of the best colleges and institutions providing Executive MBA in India:
|Faculty of Management Studies, University of Delhi, Delhi||1,00,000|
|Indian Institute of Management Ahmedabad||28,00,000|
|Christ University, Bangalore||3,57,500|
|School of Business Management SVKM’s Narsee Monjee Institute of Management Studies, Mumbai||–|
|University Business School, Panjab University, Chandigarh||1,92,690|
|School of Management Studies, University of Hyderabad, Hyderabad||7,68,110|
|Indian Institute of Management Calcutta||27,00,000|
|Symbiosis Centre for Management and Human Resource Development, Pune||4,98,500|
|Delhi School of Management, Delhi Technological University, Delhi||4,66,500|
|Indian Institute of Management Tiruchirappalli||11,80,000|
Top 10 Executive MBA Programs in the World by QS
Here are the QS Rankings for Top 10 MBA Executive programs in 2020. This list will help you make an informed decision on which university to choose for EMBA.
|#1||Wharton Business School||US||MBA for Executives|
|#2||IESE Business School||Spain||Global Executive MBA|
|#3||HEC Paris||France||Executive MBA|
|#4||MIT Sloan Institute of Management||US||Executive MBA|
|#5||London Business School||UK||Executive MBA|
|#6||University of Chicago||US||Executive MBA|
|#7||INSEAD||France||Global Executive MBA|
|#8||Said Business School||UK||Executive MBA|
|#9||UCLA Anderson School of Management||US||Executive MBA|
|#10||Haas School of Business||US||Executive MBA|
Top 10 Executive MBA Programs in the World by Financial Times
The global EMBA ranking of Financial Times is based on Alumni surveys, research ranks, diversity of faculty, and salaries of school alumni. Here is the ranking of EMBA by Financial Times.
|Rank||University & Country||Course||Average Salary (2020)|
|#1||Kellogg/ HKUST Business School
(China/ Switzerland/ Ghana)
|Global EMBA||$482, 674
|HEC Paris International EMBA||$371, 789
|#4||Trium: HEC Paris/ LSE/ NYU: Stern
( France / UK / US / China)
|Trium Global EMBA||$420,796
(China / Singapore / France / UAE)
|Tsinghua-INSEAD Dual Degree EMBA||$372,148
|#6||Shanghai Jiao Tong University: Antai
|SJTU Antai EMBA||$451,744
|#7||ESCP Business School
(France / Germany / Italy / Lebanon / Spain / UK)
|#8||Iese Business School
(Spain / US)
(France / Singapore / UAE)
|#10||EMBA-Global Asia: Columbia/HKU/LBS
(US / UK / Hong Kong SAR (China)
EMBA VS MBA
You might be wondering what is so unique about EMBA and how is it even different from 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 Executive MBA.
|Criteria||Executive MBA||Regular MBA|
|Duration||1 Year||2 Years|
|Fees||INR 15,00,000- INR 1,15,00,000||INR 8,00,000- INR 1,00,00,000|
|Average Package||INR 18 LPA – INR 1 CPA||INR 15LPA- INR 60 LPA|
|Average Work Experience||Minimum 10 years||No work experience to Minimum 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|
Why should you go for EMBA?
MBA has a lot of options and one such is the Executive MBA. While the course may sound fancy it is not for everyone who wants to pursue management. You should go for EMBA if you:
- Have experience of more than 10 years.
- Have already been in leadership roles
- Wish to gain expert-level knowledge in your field
- Already have knowledge but are looking for a push to Fortune 50 companies
- Not looking for placement but a better position in your own firm
Executive MBA Admission Process
The admission process for Executive MBA can differ from country to country or even school to school. Here is the admission process for EMBA in India.
- Candidates applying for an Executive MBA program are required to pass a bachelor’s degree from a recognized university.
- Candidates are required to score an aggregate of 50% in overall academics.
- Candidates are required to have a minimum of 4-6 years of experience in working with a business firm or in other relevant industries. However, this can vary from one institution to another.
- Candidates who are not currently working, are not eligible to apply for an Executive MBA program.
- Candidates are required to qualify the CAT, XAC, GMAT, GRE or other equivalent tests to get admissions into top colleges.
- Candidates are required to submit an in-principle agreement signed by their current employer along with their application forms. (may vary from college to college)
Executive MBA Admission Process in the World
Most top Universities in the world offer EMBA and have a specific criteria for admission. Here is a general admission process for EMBA around the world.
- Submit the online application on your desired school’s website
- Submit required essays, Letter of Recommendation, CV, and GMAT or university-specific test score.
- Pay your application fee.
- The admission committee will review your application.
- Attend the online interview session.
- Your final decision will be declared in a few days depending on selection, waitlist, conditional acceptance or rejection.
Best Institutes for Executive MBA Programs
Here are the 6 best institutions in the world where you can do an EMBA course:
Executive MBA Programs at INSEAD
INSEAD is a private business school that was established in the mid-19th century. It’s a well-known business institution in France as well as abroad. Executive MBA courses are organized in a way that enables a student to study in various locations such as Singapore, Fontainebleau (Europe), and Abu Dhabi. According to QS 2020 rankings, the INSEAD business school ranks at the 3rd place for its global MBA programs.
Executive MBA Programs at Haas School of Business
Haas School of Business, within the University of California Berkeley, is one of the greatest schools. The university has been able to score high for thought leadership. The school provides a 19th-month executive MBA program in which 5 terms exist. Most of the participants in this course are generally 38 years old. According to QS 2020 rankings, the school stands at the 9th place for its global MBA programs.
Executive MBA Programs at UCLA Anderson School of Management
UCLA Anderson School of Management has scored well across all ranking indicators because of its executive MBA program. It offers a 22-month program in Los Angeles campus with two scheduling alternatives: monthly and biweekly. On monthly schedule, classes get together on 3 weekends of the 10-week quarter. In the biweekly schedule, classes get together for 5 weekends of the 10-week quarter. Along with this, weekly online instructions are provided to everyone. According to QS 2020 rankings, the school is listed at the 13th place for its global MBA programs.
Executive MBA Programs at The University of Chicago Booth School of Business
The institution offers one of the best 21-month executive MBA courses along with 2-3 courses per quarter. During the international session weeks, this university takes classes at each global campus. The university offers 3 international session weeks in London, Hong Kong, and Chicago. According to QS 2020 rankings, the University of Chicago ranks at the 8the place for its global MBA programs.
Executive MBA Programs at IESE Business School
According to all ranking indicators, this business school scores very high in everything. In fact, it’s known for providing the best career outcomes. Students can accomplish their course in Madrid, Munich, Sao Paulo, and Barcelona. Second-year students get a chance to study internationally in places like Shanghai, Nairobi, and New York. The duration of IESE’s Executive MBA program is 18 months. In QS 2020 rankings, the university ranks at the 12th place.
Executive MBA Programs at London Business School
When it comes to business schools, London Business School has its own significance across the globe. Like IESE Business School, this school has also achieved very high scores in almost every ranking indicator. It’s known for generating successful careers. Almost every student in this school is highly experienced. As a student, you can build an excellent network here.
The EMBA program of this school has been organized into 2 locations: London and Dubai. You need to spend 20 months to complete the EMBA course. London Business School’s Global MBA program ranks at 6th in the Financial Times 2019 and 6th in QS World Rankings for 2020.
There are a lot of options for Executive MBA Programs in the World. We recommend you to choose such a program that results in more accreditation, earnings, experience, and career opportunities. All institutions mentioned above are highly valued across the globe for their executive MBA program. Now, if you have your eyes on any business school, feel free to get in touch with Leverage Edu to get to know more about it and to explore further.