Executive MBA in India

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Executive MBA in India: Eligibility, Fees, Programs, Entrance Exams

Updated on June 12, 2019

 

If you are a working executive looking for accurate and updated information about Executive MBA (EMBA) Programs, welcome to MBAUniverse.com Executive MBA (EMBA) Channel. This channel presents important information about Executive MBA in India for working professionals and Abroad and is compiled and written by MBA education experts. Here you will learn about Executive MBA Rankings, Fee, Admission process for Executive Programs in India. We will clarify the very important difference between Executive MBA Vs One Year MBA. Remember while general media and industry uses them interchangeably, both are NOT the same!

 

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What is an Executive MBA Program?
In US, Europe, Singapore, Hong Kong and China, ‘Executive MBA’ or ‘EMBA’ is generally a premium high-end modular MBA equivalent program offered to senior executives with 15+ years of experience who don’t wish to leave their well-paying full-time jobs for earning MBA credentials. The course program structure is designed in such a way that senior working executive spend 50-60 days on campus attending classes and complete the rest of the EMBA program while working.

 

Apply to top 1 Year MBA/PGDM Programs

FORE New Delhi​
Executive PGDM (PGPX)
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BIMTECH Greater Noida
PGPX-PGDM Executive
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LBSIM New Delhi
PGDM Executive  
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KJ SIMSR Mumbai
PGDM Executive  
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SDMIMD Mysore
PGCM 
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Catering to the need of globalization of business, many of the World’s top EMBA programs are offered jointly by a few leading B-schools, usually across the continents. For instance, the Financial Times ‘Executive MBA Rankings 2018’ ranks Kellogg-HKUST EMBA, Trium: HEC Paris/LSE/NYU: Stern and Tsinghua University-INSEAD as top three EMBA programs in the world.

 

Key Features of Global Executive MBA (EMBA) Programs

  1. Aimed at Senior Executives with approximately 15 Years of working experience
  2. Modular program with periodic campus presence required.
  3. EMBA is NOT a Full-time Program
  4. Profile-based Admission, GMAT Scores generally NOT mandatory
  5. Placement support generally NOT offered
  6. EMBA Fee is generally 200% higher than regular MBA Fee

EMBA is a Modular Program, and Not a Full time MBA Program  
This is an important difference, and must be kept in mind. Clarifying the target audience and program mode, Kellogg-HKUST say, “The Kellogg-HKUST Executive MBA program is carefully designed for busy executives. It only requires around 40 days out of the office.” Kellogg-HKUST Executive MBA program is a partnership program offered jointly by Kellogg School of Management at Northwestern University and Hong Kong University of Science and Technology, Hong Kong.

 

The TRIUM Global Executive MBA, ranked No 2 on FT EMBA Ranking, is jointly issued by New York University Stern School of Business, London School of Economics and Political Science, and HEC Paris School of Management. Regarding the program structure, TRIUM website says, “TRIUM uses an executive-friendly blended learning format (in-person classroom time and independent study between modules) comprising of 6 on-site modules at multiple global locations over an 18 month period. Time out of the office is only 10 weeks.”

 

In India, ISB makes a clear distinction between its PGP program which is positioned as One year MBA equivalent, and PGPMAX which is positioned as Executive MBA Equivalent program. “The Global EMBA equivalent programme offers campus experience. PGPMAX has a modular format and participants reside on ISB campus during classroom sessions…, ​” says ISB. The total number of working days away from work for the duration of PGPMAX are approximately 62 days. 

 

Let’s look at highlights of global Executive MBA Programs to illustrate points made above.

 
Kellogg-HKUST Executive MBA
TRIUM Global Executive MBA
ISB PGPMAX
Minimum Work Experience Required
10 Years
10 Years
10 Years
Average Class Work-experience
16 Years
16 Years
15 Years
Program Duration
18 months
18 months
15 months
Full Time/ Total number of on-campus days
NO/40 days  
No/70 days
NO/62 Days
Placement Support
NO
NO
NO
Fee
USD 1,83,000
$181,500
INR 38,48,000 (plus Taxes)

Source: MBAUniverse.com Analysis 2019

 

Executive MBA (EMBA) in India
Coming to India, there is some unwarranted confusion between ‘Executive MBA’ and ‘One Year MBA’ and PGDM Executive programs. To understand the context, some historical perspective is useful.

 

In 2001, ISB Hyderabad launched its post-experience one-year full-time residential MBA equivalent program called Post Graduate Program (PGP). In 2006, IIM Ahmedabad launched its ‘Post Graduate Programme in Management for Executives’, its one-year, full-time, residential programs popularly known as PGPX. Soon IIM Calcutta too launched its ‘Post Graduate Programme for Executives’ or ‘PGPEX’. In 2009, IIM Bangalore launched ‘Executive Post Graduate Programme in Management’ or ‘EPGP’. Both IIMC’s PGPEX and IIMB’s EPGP were one-year, full-time, residential MBA Equivalent programs.

 

Given that word ‘Executive’ is part of virtually all 1-year MBA programs by IIMs, media and general public started calling these One Year MBA equivalent programs as Executive MBAs. Clearly, the one-year residential MBA programs by IIMs are NOT part-time/modular Executive MBA programs, as EMBAs are known globally. Read more about One Year MBA offered by IIMs

 

This confusion was further compounded when AICTE, the management education regulator in India, permitted PGDM B-schools to offer ‘Executive PGDM’ – also a full-time residential 15-months MBA equivalent program. So XLRI offered PGDM (General Management) and MDI offered National management Programme (NMP). Today more than 25 B-schools including SPJIMR Mumbai, IMT Ghaziabad, IMI New Delhi, Great Lakes Chennai, K J Somaiya Mumbai, BIMTECH Greater Noida, SDMIMD Mysore are offering PGDM Executive programs in Delhi, Mumbai, Bangalore and other cities. Read more about One Year MBA offered by XLRI, SPJIMR and Top PGDM B-schools.

 

To summarize the difference between EMBA and One Year MBA in India, refer to this table below.

 

Executive MBA Vs 1 Year MBA: Not the same

 
One Year MBA for Executives
Executive MBA/EMBA
Examples:
ISB’s PGP or IIMA’s PGPX
ISB’s PGPMAX
Full Time
Yes
No
Residential
Yes
No
Duration
12-15 months
Varies from 15 months to longer
Minimum Work Ex Required
5 Years for IIMs, 2 Years for ISB/Great Lakes
Generally, 10+ years
Admission
GMAT/GRE required. Rigorous process.
Profile based. GMAT generally not required
Executive MBA Fee compared to 2-yr program
High
Much Higher
Placement Assistance
Yes
No

Source: MBAUniverse.com Analysis 2019

 

As shown in the table above, the difference between Executive MBA and 1-year MBA is clear. While One-year MBA by IIMs, ISB, XLRI is a fully residential program, Executive MBA like ISB PGPMAX is a modular program aimed at senior executives.

 

Top Executive Programs in India 2019
Currently there are only few B-schools offering good Executive MBA programmes in India. ISB PGPMAX and Great Lakes PGXPM are considered as the top Executive MBA in India Colleges in India. ISB PGPMAX, the Executive MBA by ISB, is considered as the top EMBA programme in India. ISB PGPMAX is 15 Months Modular Programme with world class curriculum which offers International Immersion. Post Graduate eXecutive Program in Management (PGPXM) at Great Lakes is one of the high ranked Executive MBA in India. The duration of EMBA programme is 20 months. The PGPXM helps experienced executives to develop general management competencies and prepares them for fast track growth to leadership roles.

 

If you are wondering why PGPX, IIM Ahmedabad PGPX or IIM Bangalore EPGP or XLRI Jamshedpur PGDM (GM) are not included in this list, the reason is that they are NOT equivalent of EMBA programs. They fit the description of One Year MBA Programs perfectly.

 

MBAUniverse.com One Year MBA Channel
Visit MBAUniverse.com 1 Year MBA Channel for complete analysis of IIMA PGPX, IIMB EPGP and Top 20 One Year MBA Programs in India. Read more about:

Top Global Executive MBA Programs
Financial Times publishes its much respected annual EMBA Rankings. The 18th edition of the FT global executive MBA ranking of the best 100 programmes worldwide was published in May 2018. FT Rankings show that the gap in average salaries between EMBA and MBA alumni ($220,000 vs $146,000) is similar to that between MBA and MiM graduates ($146,000 vs $67,000), three years after graduation. One of the interesting trends from this ranking is that Asia offers quite a good number of EMBA programs with Singapore, Hong Kong and China as leaders of EMBA program in Asia. Many leading US and European B-schools offer joint programs with top Asian B-schools. Sadly, no Indian B-schools or EMBA program features on this list.

 

FT Global Executive MBA Ranking 2018

Rank
B School
Country
Program name
1
Kellogg/HKUST Business School
China
Kellogg-HKUST EMBA
2
Trium: HEC Paris/LSE/NYU: Stern
France / UK / US / China
Trium Global EMBA
3
Tsinghua University/Insead
China / Singapore / France / UAE
Tsinghua-Insead Dual Degree EMBA
4
EMBA-Global Asia: Columbia/HKU/LBS
China / UK / US
EMBA-Global Asia
5
Ceibs
China / Switzerland
Ceibs Global EMBA
6
HEC Paris
France / Qatar / China
HEC Paris International EMBA
7
Washington University: Olin
China
Washington-Fudan EMBA
8
Shanghai Jiao Tong University: Antai
China
SJTU Antai EMBA
9
Iese Business School
Spain / US
Global EMBA
10
MIT: Sloan
US
MIT EMBA
11
ESCP Europe
FR / GB / DE / ES / IT / LB
ESCP Europe EMBA
12
IE Business School
Spain
Global EMBA
13
Insead
France / Singapore / UAE
Global EMBA
14
EMBA-Global: Columbia/LBS
US / UK
EMBA-Global Americas & Europe
15
London Business School
UK/ Dubai
EMBA
16
UCLA: Anderson/National University of Singapore
US / Singapore
UCLA-NUS EMBA
17
University of Oxford: Saïd
UK
University of Oxford EMBA
18
Warwick Business School
UK
EMBA
19
Nanyang Business School, NTU Singapore
Singapore
Nanyang EMBA
20
University of Pennsylvania: Wharton
US
Wharton MBA for Executives

Executive MBA in India
ISB and Great Lakes are the top Executive MBA colleges in India offering Executive MBA in India. Although there are many top executive MBA colleges across the globe, but the executive MBA in India is not offered by many institutes. A key point to note in regard to the top Executive MBA colleges in India is that there is no executive MBA from IIMs. Therefore, despite being the institutes of high national importance, executive MBA from IIMs has not been launched. On the contrary, a full time one year programme like IIMA PGPX, IIMB EPGP is confused as the Executive MBA from IIMs which in fact is not a true Executive MBA programme.

 

Among the top ranked Executive MBA in India are the programmes offered by the following institutes:

 

PGPMAX – Executive MBA by ISB
The pioneer of Executive MBA programme in India is ISB which is also the one of the top executive MBA colleges in India. PGPMAX – the executive MBA by ISB is considered as the top EMBA programme in India. The EMBA at ISB is 15 Months Modular Programme with world class curriculum which offers International Immersion.

 

PGXPM – Executive MBA by Great Lakes
Post Graduate eXecutive Program in Management (PGPXM) at Great Lakes is one of the high ranked Executive MBA programmes in India. The duration of EMBA programme is 20 months which is longer than 1 year executive MBA, so the executive MBA should not be confused by the full time 1 year MBA Program PGPM, offered by Great Lakes. The PGPXM helps experienced executives to develop general management competencies and prepares them for fast track growth to leadership roles.

 

IIT Delhi Executive MBA – 3 years MBA in Technology Management
Executive MBA programme at IIT Delhi focusses on ‘Technology Management’. This programme is designed to impart management education to working executives. The Classes are scheduled during evening hours (6.15 pm onwards) on 4 or 5 working days (Monday to Friday).

 

Eligibility
Following academic qualifications will be the eligibility criteria for admission.

  1. First class degree or equivalent in Bachelor’s degree in any branch of Engineering / Technology; Bachelor’s degree in Physical Sciences (Physics, Chemistry, Mathematics); Bachelor’s degree in Statics, Operation Research, Computer Application, Economics, Commerce and CA/ICWAI
  2. Minimum 60% marks in aggregate (of all the years / semesters) or 6.00 CGPA on a 10 point scale or equivalent.
  3. 2 years of post-qualifying degree work experience

Executive MBA Fee at IIT Delhi
Rs. 9.90 Lacs for the entire Executive MBA Programme payable in equal installments (6 Semesters)

 

Admission Dates for MBA for Working Executive

Last date for submission of online application form
21 May 2019 (Tuesday)
Written aptitude test and Personal interview
26 May 2019 (Sunday)
Orientation and Registration for New Students
19-20 July 2019 (Friday-Saturday)
Commencement of classes
22 July 2019 (Monday)

FMS MBA Executive & MBA Executive (Health Care Administration)
FMS Delhi is one of the leading B-schools in India offering a low fee Executive MBA option. The modular design of the two year evening MBA Executive and MBA Executive (Health Care Administration) programmes has been divided into four semesters over a period of two-years.  

 

For Admissions 2019, applicants can register themselves for admission to MBA Executive and MBA Executive (Health Care Administration) programmes by filling up online application form and by paying the requisite fee between October 8, 2018 and November 20, 2018.

 

Total number of seats in MBA Executive and MBA Executive (Health Care Administration) programmes are 172 and 42 respectively.

 

Since FMS is a Government University, the annual fee for FMS Executive MBA is only Rs. 50,000!

 

Eligibility Conditions for Executive MBA at FMS

Candidates applying must have pursued at least a three-year Bachelor‘s Degree programme after twelve years of formal schooling. Additionally, she/ he should have at least five years of experience as an executive or an administrator in a commercial/government establishment.   

 

Executive MBA Fee in India
Across the globe, Executive MBA is positioned as a premium MBA program for senior executives. The Kellogg-HKUST Executive MBA Fee is as high as USD 1,83,000 and the TRIUM Global Executive MBA Fee is USD 181,500. The executive MBA fee in India by ISB is also equally high at Rs 38.48 lakhs.

 

The Executive MBA fee structure at Great Lakes Institute of Management is much lower at Rs. 8.50 lakhs, if you pay the complete Executive MBA fee in single instalment. If you choose to pay the executive MBA fee in multiple instalments, this executive MBA fee structure would be Rs.8.80 lakhs or Rs.9 lakhs depending upon the choice of instalments. Strictly speaking, there are no executive MBA colleges with low fee. If it’s a good EMBA, it will be expensive. FMS Executive MBA fee of Rs 50,000 is perhaps the only exception.

 

Let’s compare Executive MBA Fee with 1 year MBA Fee. 1 year MBA fee charged for IIMA- PGPX is Rs. 25 lakhs, for IIMB-EPGP is Rs. 25.89 lakhs. This is much lower than ISB Executive MBA (PGP MAX) Fee which is Rs 38.48 lakhs.

 

Executive MBA Placement
Since the Senior professionals in their mid career go for Executive MBA and in most cases the candidates are company sponsored, the Executive MBA Placement is not high on their agenda. The MBA colleges offer campus placement to their one year MBA programs, but there are no colleges offering Executive MBA placement in India.

 

ISB has clarified in regard to the Executive MBA Placement on its website, “The programme is targeted at senior executives and business owners and hence no placement/career support is provided.” 

 

PUMBA Executive MBA – 2 Years Post-Graduate Programme leading to MBA Degree
PUMBA Pune ‘Executive MBA Programme’ is a 2 Years Post-Graduate Programme leading to MBA Degree of Savitribai Phule Pune University. The programme is meant for working executives and entrepreneurs and the objective of the programme is to provide an opportunity to enhance their knowledge and skills continually.

 

Course Structure
PUMBA Executive MBA is a 2 years programme conducted in the evening (6.30 PM to 9.30 PM) from Monday to Saturday. The 24 months programme consists of 4 semesters, each of six months duration. Each semester has five courses.

 

The programme offers Six functional specializations in second year. The specializations are Marketing, Finance, Human Resource Management (HRM), Operations Management, Systems Management and International Business Management (IBM). Each student can opt for one specialization.

 

Eligibility for Admission
Following qualifications are required to become eligible for admission to PUMBA Executive MBA Programme:

  • Graduate in any discipline from UGC/AICTE/AIU recognized University/Institution or equivalent with minimum 50% marks (45% in case of reserved category candidates)
  • Minimum of 3 years Work experience at managerial / Executive level after results declaration of Graduation Examination till the date of application. Work experience obtained only after graduation results will be considered.
  • Managers of private and public sectors and Government (State and Central) located in and around Pune region and having the requisite experience are the potential candidates.
  • Entrepreneurs with sizable business and having the requisite experience can also apply provided the business is registered in their name (Proprietor or Partner or one of the Directors).
  • Profile & career objectives of the candidate will be given due weightage in admission process.
  • A minimum of 75% attendance in all academic sessions is mandatory

Executive MBA Fee at PUMBA
The academic fee for PUMBA Executive MBA is Rs.1.54 Lakhs for the entire Executive MBA Programme. Although PUMBA is revising its fee structure, the current category wise fee structure is as below:

Category
Maharashtra State Candidates
All India Candidates
Executive MBA Academic Fee (Rs. in Lakhs)
Rs.1,53,188
Rs.1,54,188

Admission Process
The admission process for PUMBA Executive MBA and intake capacity is detailed below:

 

Selection Procedure
Candidates seeking admission have to appear in the Entrance Test conducted by PUMBA.  The Entrance Test will be of 200 marks consisting of objective multiple choice type questions. 

 

Components of Entrance Exam

  • Arithmetical Ability
  • Data Interpretation
  • Verbal & Non-verbal Reasoning
  • General Mental Ability
  • Logical Deduction

Intake
The total intake capacity is 60 seats. Out of this 50% (i.e. 30 seats) will be filled as per statutory reservations only from State of Maharashtra. Remaining 30 seats will be filled in the open category.

 

Admission Dates for Executive MBA at PUMBA

Last date for submission of online application form
June 8, 2019
Application Fee (To be paid online)
Rs.500/-
Written Test
June 18, 2019 (11 AM to 1 PM)
Publication of Result on PUMBA website
June 20, 2019
Personal Interview
July 2019

SP Jain Global Executive MBA – 18 Months Post-Graduate Programme leading to MBA Degree
SP Jain Global Executive MBA (EMBA) is an 18-month weekend program crafted to help busy working professionals to build their managerial skillset. The EMBA program is designed to allow working professionals to work and study at the same time. After completion of the programme, a Master of Business Administration (Executive) degree will be awarded. The degree will highlight the chosen specialisation. It will be an Australian degree, awarded by SP Jain School of Global Management, Australia. EMBA at SP Jain Global is equivalent to a full-time MBA.

 

Apart from Mumbai, SP Jain School of Global Management has international locations in Sydney, Singapore and Dubai. The study location for SP Jain Global Executive MBA is Mumbai. The program is not accredited or approved by AICTE or any regulatory body in India.

 

Specializations Offered
SP Jain Global Executive MBA offers specialization in Marketing, Finance, Operations and General Management. To ‘major’ in a specialisation, candidate must opt for 4 subjects in the same specialisation. Those interested in the General Management route can choose 6 subjects from across the Finance, Marketing and Operations specialisations.

 

Eligibility for Admission
Following qualifications are required to become eligible for admission to SP Jain Global Executive MBA Programme:

  • University Graduate in any discipline. Relevant postgraduate qualifications like Chartered Accountants for the Finance stream are given preference
  • Minimum 5 years of full time Work experience at managerial / Executive level after Graduation

Executive MBA Fee at SP Jain Global
The fee for SP Jain Global Executive MBA is Rs.15,20,220/- for the entire Executive MBA Programme.

 

Admission Process
The admission process for SP Jain Global Executive MBA is detailed below:

  • Application Process
  • No Application Fee. Application process is online

Aptitude Test & Evaluation
SP Jain Global conducts Aptitude Test & Essay Writing Test followed by Personal Interview to evaluate the applicant on various parameters. The evaluation fee is USD 50. Candidates seeking admission to SP Jain Global Executive MBA have to appear in the Aptitude Test conducted by SP Jain School of Global Management.  Key components of Aptitude Test are:

  • Written Test has a time duration of 75 minutes
  • Total Max Marks for the exam are 50
  • Total questions are 41 divided into 7 Sections
  • 40 questions are of MCQ type and 1 is Essay Writing Test
  • Each MCQ carries +1 Mark and Essay Writing Test carries Max 10 Marks
  • The sections in the exam are Diagrammatic Reasoning, Logic, IQ, Numeracy, Reading Comprehension, GK, Essay Writing

Personal Interview & Final Admission

  • After the Aptitude Test, the candidate has to go through the Personal Interview Round.
  • Apart from the performance in the aptitude test, essay and personal interview rounds, applicants will be assessed on their suitability to the program based on their overall profile – educational qualifications, work experience, professional achievements and industry certifications
  • Candidates will get email on admission decision approximately 2-3 working days after the evaluation.
  • On receipt of the offer letter, the applicants will have to confirm their acceptance of offer and register for the program on or before the date specified in the letter.

Intake
The batch size for executive MBA programme remains between 25-30 students.

 

Admission Dates for Executive MBA at S P Jain Global
Admission is open for October 2019 Intake. The admission dates are given below:

Admission Day - Pune
June 15, 2019
Admission Day - Mumbai
June 23, 2019