If you’ve missed out to a management level and have spent more than three years at your job, you can opt for an executive MBA at India (EMBA). Various top management institutes provide a one-year full-time EMBA class or part-time courses of varying durations from 15 months to 2-3 years. The EMBA programs are pricier than the normal two-year full-time MBA programs. These classes provide you with an opportunity to strengthen one’s career. Hence the fees could be considered an investment, which could yield significant returns in the future.
Also check out India’s one and only joint degree Executive MBA in Mumbai by IIT Bombay and Washington University in St. Louis.
EMBA Fees Structure
As Previously Mentioned, an Executive MBA in India is expensive. The best IIMs, Ahmedabad, and Bangalore cost roughly Rs 27-28 lakh, while IIM Calcutta costs Rs 22 lakh for their one-year full-time program. Newer IIMs charge less: while the cost is Rs 18 lakh in IIM Indore, it’s Rs 14 lakh at IIM, Shillong (it’s a 14-month program). XLRI, Jamshedpur charges Rs 18 lakh for its 15-month full-time program, while IIM, Trichy prices Rs 10 lakh for the own two-year part-time program.
Admission in EMBA in India
For entry to many Executive MBA programs in India, one must have a great score in GMAT, GRE, or CAT exams. Work experience is also a necessary condition, typically changing from 3-7 years for different programs. The ISB necessitates work experience of at least ten years. Merit and quality of the work experience are most important for EMBA programs since the institutes attempt to pick candidates from varied work profiles. The individual interview will be the final phase for being chosen for the program. The candidates would have to concentrate on their profile to convince the entrance panel why they deserve a seat at the program.
As is mentioned in the admission procedure for one of the institutes, “The decision process is highly personalized, since the committee attempts to learn about each candidate’s goals and potential for achievement in direction.” In the process, contribution throughout the working span of this candidate is deemed important. Some institutes also need the candidate to publish an SOP (Statement of Purpose) outlining their aims and goals for pursuing the program in addition to testimonials in their employers.
Though the full-time Executive MBA in India would require you to take a break from the present occupation, the part-time ventures are so designed that EMBA can be pursued together with the job. They generally possess classes within the weekends. Global exposure forms part of most EMBA courses, either through correspondence internships or courses.
Salary to an EMBA Grads
The sites of colleges indicate the pay offered to EMBA graduates. In the 2016 batch of XLRI, which had 108 pupils, the normal salary was Rs 17.1 lakh. The full bundle offered was Rs 32.7 lakh, and the normal jump at the salary of those EMBA graduates was as high as 64%. In IIM Bangalore, which had a heap of 56 pupils, the normal salary was Rs 22.5 lakh along with also the highest salary offered was Rs 37.89 lakh. The average pay for the 54 students at IIM Calcutta had been Rs 25.3 lakh, and also the full package was Rs 54 lakh.
Must Read: 8 Tips for Successful MBA Applications
According to Ganesh Prabhu, Professor of Strategy in IIMB, EMBA programs are ideal for excellent undergraduate qualifications and substantive work experience/ work skills, which currently have high market value. They will typically find a better job following the program within their region of expertise. They may not find a better job following the program within their experience region and will find it hard to change. It is also not acceptable for people who wish to switch to other careers. The Executive MBA in India can give better pay to a competent manager who’s paid lesser due to the absence of the MBA degree. It’s this promise which produces the exact pricey EMBA worth paying.
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