what, why and how of executive mba - careers360 · 2015-09-10 · executive mba allows experienced...

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WHAT, WHY AND HOW OF

EXECUTIVE MBA

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WHAT, WHY AND HOW OF EXECUTIVE MBA

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They say, there is no end to learn. The idea that you study only to get job and your student life ends there is passé. There is still scope to learn new concepts and polish your skills even

if you are among the top management members of a company. As you climb up the corporate ladder and meet competition, the only way to sustain it is through sharpening your armour of knowledge. Executive MBA fits the bill for such working professionals with at least 3 years of managerial work experience.

Executive MBA, as the name suggests, is meant for the Executives or the working professionals who have already gained a significant amount of experience. The duration, module, curriculum and pedagogy etc. for Executive MBA programmes are designed in a way to suit the executives.

Speaking about the need for pursuing Executive Management programmes, Prof. Sunil Maheshwari, PGPX Chairperson, IIM Ahmedabad says, “Business

INTRODUCTIONenvironment has been changing rapidly globally. This general management programme enables practicing executives respond effectively to those changes. The customized segments of the programme ensure that the students are more than adequately equipped and empowered with knowledge and skill sets to attain leadership positions and add value to their organiza-tions through complex situations.”

Executive MBA allows experienced professionals to hone their managerial skills, leadership qualities, exposes to ideas from professionals from similar or diverse fields and expand their career opportunities. The duration and mode of offering the Executive MBA programme varies from full time, part time, weekend or online, ranging from 1 to 3 years.

Careers360, in this E-book presents the duration, module, curriculum, pedagogy and all about Executive MBA programmes


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While the traditional MBA or the regular MBA is of 2 years duration and meant for gradu-ates having no or a couple of years work experience, the primary eligibility criteria for

Executive MBA is to have work experience of minimum 5 years. The minimum age of the candidates should be 27 years and there is no upper limit.

The Executive MBA or EMBA can be categorized into fol-lowing categories based on the duration and mode of offer.

Mode of Course Duration

Full Time 1 year

Part Time 2 years

Weekend MBA (conducted on Saturday and Sunday)

2 years

Online 2-3 years

DURATION


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While most of the top B-schools offer Execu-tive MBA programmes, Indian School of Busi-ness offers programmes only for working execu-tives hence exclusive in its own merit. Great Lakes Institute of Management, Chennai, established in 2004, offered only 1 year Executive MBA programme for working executives, but since 2012, it start-ed offering 2 year PGDM programmes as well.

What does Executive MBA programme teach and how it is taught?The following areas are taught in the Executive MBA programmes:l Marketingl Production & Quantitative Methodsl Financial Analysisl Accountingl Strategy/Business Policyl Economicsl Organizational Behaviourl Communicationl Leadershipl International Business

l Ethicsl Business Lawl Entrepreneurshipl Professional Developmentl Public Policyl International Managementl Entrepreneurship and New Venturesl Employee Empowerment and Participative

Managementl Performance Management and Appraisall Product and Brand Managementl Retail Managementl Corporate Tax Managementl Corporate FinanceSource: Executive MBA Council

The broad areas and the exact curriculum might vary. As far as the pedagogy is concerned, it is more of inter-active in nature. The case method of learning is majorly used in the classroom. The experience of the students is leveraged in the class room through the case study and discussions.


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Different B-schools follow different pedagogy for Executive MBA. While some institutes have a

multiple campus exposure where the students spend their terms in different campuses of the institute, some have satellite campuses for offering the programmes meant for working Executives. Let us have a look at some of the institutes and their pedagogy.

IIM Ahmedabad – In IIM A, Case Study method is used. “Case discussions are sup-plemented with lectures, seminars, games, role plays, industrial visits,

PEDAGOGY OF IIMSand group exercises. The case method is utilized to develop skills needed for problem solving, deci-sion-making, and implementation. Application of theoretical knowl-edge to real-life problems is tested through this pedagogy,” mentions the B-School.

XLRI – XLRI Jamshedpur offers Part Time PGDM (Business Management) programme and full time PGDM General Management programme for working executives. The Execu-tive PGP is offered in the Dubai campus. These programmes teach core courses as well as electives

followed by exam. Apart from that, through various projects and activi-ties, the soft skills, such as team building skills, strategy building, resource/energy management etc. are tested. Under the Rural/Village exposure programme, the General Management Programme students are to identify the problems of the people of a particular village and then suggest solutions. Students will then have to design business modules. According to XLRI, the rural exposure Program will help the future managers to understand the needs of the local people and provide solutions to their problems.


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SPJIMRThe USP of the Post Graduate Executive Management Programme (PGEMP) is that the batch is conducted 5 times a year and the students have the flexibility to join it as per their convenience. The programme is offered both on and off campus. The students need to come to campus and be resident for 60 days total during the term. These days include full day classes.During each on campus period, students are provided with relevant reference and study material.

The assignments have to be submitted through online platform. Regarding the pedagogy, SPJIMR mentions, “In addition to periodic exams, it requires participants to apply the knowledge imparted in the classroom to the employer’s context through several ‘Application Assign-ments’. The course also mandates that a major “Project” linked to the employer’s business be done by the partici-pant under a designated faculty guide. The Programme thus produces not only conceptual understanding but a demonstrated evidence of action learning.”

Great Lakes Institute of Management – The 1 year Post Graduate programme consists of Karmayoga or Leadership Experiential Program (LEP) as an integral part of the programme. In this project, students have to connect to the ground realities and learn leadership skills experientially. The B-School has adopted 21 villages surrounding the campus. The objective of the Karmayoga or LEP is to enhance the self-esteem and self-efficacy of the villagers, so that they experience better standard of living. “Karma Yoga is a real life practical lab to learn and experience the power of transformational leadership. In this attempt by Great Lakers to transform people belonging to nearby villages, the key focus has been in the fields of educa-tion, health, agriculture, and small business,” mentions Great Lakes Institute of Management.


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The six new IIMs, name-ly IIM Ranchi, Rohtak, Raipur, Trichy, Udaipur and Kashipur have started

offering Executive management programmes. Let us have a look at each of these programmes and their approaches.

IIM Ranchi IIM Ranchi offers 2 Executive pro-grammes, Post Graduate Pro-gramme in Management for Exec-utives (PGEXP) and Post Graduate Programme in Energy Manage-ment (PGPEM).The PGEXP is a 2 year weekend programme which offers specializations on Finance,

PEDAGOGY OF NEW IIMS OFFERING EXECUTIVE MBA PROGRAMME

HRM, Marketing and Operations.

PGPEM is also part time pro-gramme with 6 residencies of 7 days each at IIM, Ranchi and a residency of 20 days at College of Technology, University of Houston, Texas, USA after the 2nd Term. The Program would comprise of three major parts – General Manage-ment courses, Energy Manage-ment courses and in depth project equivalent of two courses credit.

IIM Rohtak IIM Rohtak offers Executive Post Graduate Programme (ePGP) which is a 2 year both on campus

and off campus programme. The classes are held offline as well as online over a weekday and week-ends. The first year will teach the major or the core courses and the specialized courses will be taught in the second year. According to IIM Rohtak, a participant has to choose either 2 Major specializa-tions from among Financial Man-agement, Marketing and Strategic Management or one Major spe-cialization from those three areas and 2 Minor specializations from among Human Resource Manage-ment, IT Systems, and Operations. The students will have to undergo all the prescribed courses from the


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selected areas of specialization, with a limited option for choosing electives of one’s preference. The peda-gogy comprises of case studies, exercises, lectures, classroom discussion, simulation, project/field work, online quizzes and tutorial sessions.

IIM Raipur IIM Raipur offers Post Graduate Programme in Man-agement for Working Executive (PGPWE), which is a one-and-a-half-year programme offered during week-ends. IIM Raipur mentions, “The focus is to enable and develop managers that understand global embedness and requirements of their organisations as well as also understand the intricacies of business at functional and strategic levels. The program also has given a special emphasis on emerging economies which have enormous potential and business opportunities.” The pedagogy includes a mix of case studies, lecture ses-sions by faculty, live interactions with industry experts, business games, simulation exercises and field visits.

IIM TrichyIIM Trichy offers 2 Executive MBA programmes, namely, Post Graduate Programme in Business Man-agement (PGPBM) and Post Graduate Programme in Human Resource Management (PGPHRM). The dura-tion of the programmes is 27 months. Students are permitted to take up to a maximum of five electives in Terms 6 to 9 which can enable them to complete the programme in 24 months if they wish to. These pro-grammes are offered at the satellite campus in Chen-nai which not only provides books and study materials but also gives access to electronic database. Apart

from the regular course curriculum, during the last two terms, the students have to work on an assignment in an organization for a minimum period of 12 weeks under the guidance of a faculty mentor.

IIM UdaipurPost Graduate Programme in Management for Execu-tives (PGPX) offered by IIM Udaipur is a 15 month regular full time programme. The students spend the fall module in Purdue University, USA for their inter-national immersion segment. The coursework also requires the completion of an internship lasting for a total of eight weeks. The students are awarded with both the PGPX Diploma from IIM Udaipur and a MS degree from Purdue.

IIM Kashipur IIM Kashipur’s Executive management programme is named Executive Post Graduate Programme in Man-agement (EPGPM). It is a 2 year programme weekend programme. The pedagogy at IIM Kashipur presents a mix of case studies, lecture sessions by faculty, live interactions with industry experts, business games and simulation exercises.

Special campus for ExecutiveSeveral B-schools have a second campus or satellite campus to offer management programmes for working professionals or executives. The following table brings to you the IIMs which have satellite campuses and the programmes which are offered from those campuses.

IIM Satellite Campus location Programme offered

IIM Lucknow Noida WMP

IIM Indore Mumbai PGPMX

IIM Kozhikode Kochi EPGP

IIM Trichy Chennai PGPBM, PGPHRM


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While the main objective behind pursuing Executive MBA is to enhance the man-agement knowledge and climb up the corporate ladder. However, that’s not the

only reason. Each aspirant may have different reasons or a combination of reasons behind pursuing Executive MBA. Here we try to explore the various reasons why you should pursue the Executive MBA.

Enhance managerial skills This is the primary reason why working professionals go for Executive MBA. In order to attain growth in the career path, working executives often seek higher management education. For executives who are already working in a managerial position often need a certain edge on the leadership skill, going for Executive MBA would be the right decision.

Shift in career path Working professionals, who have completed 5 or more years in their organization in a non-managerial role often aim to shift to higher management or leadership

WHY EXECUTIVE MBAroles. Those who do not have a management educa-tion background find it the most feasible option to acquire a qualification related to business and man-agement education.

Gateway to Entrepreneurship For entrepreneurship enthusiasts, who do not have a management degree, obtaining the Executive MBA is an effective way to gear up for the new phase. As entrepreneurs not just execute an idea but also lead a team of co-workers and employees who are driving the wheel of their dream. Executive MBA will not only give you that leadership lesson but will also expose you to case studies and real life situations of tackling different situations in the business.

Networking The Executive MBA classrooms are diverse in terms of experience and background of the students. It will be an opportunity for the prospective students to interact and build networking connections with the profession-als from different sectors, functions and career levels.


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Also, owing to the guest lectures from corporate hon-chos help in developing business contacts which will aid in the students’ personal and professional growth.

Corporate Sponsorship –Organizations often finance their valuable employees to pursue Executive MBA from a noted institute on the condition that they would join the organization and take up a higher management or leadership role. Such students do not participate in the placement process and go back to join their previous organization itself to contribute in their newly acquired learning. However, the fee for the sponsored candidates is higher than that of the non-sponsored candidates.

To continue work while you learn – Working professionals, who are in a responsible posi-tion often find it difficult to leave the organization or take sabbatical. For them, earning an MBA through Part Time or Online MBA is the best option. Instead of completing the entire curriculum in 1 year, the students get the flexibility to complete the curriculum over 2 to 3 years through online classrooms or weekend classes.

To pursue long lost MBA dream – While around 2 lakh candidates take CAT or the Com-mon Admission Test, not everyone is fortunate enough to grab the coveted seat in one of the top B-schools. As the admission factor includes past academic records, high CAT percentile, performance in WAT-PI and GD, a large chunk of the MBA aspirants let go of the dream owing to disqualifying in one of the criteria. Instead of compromising their dream by accepting admission from a mid-tier B-School, they often either continue with their erstwhile jobs or take up new jobs to gain valuable work experience only to prepare them-selves for pursuing the Executive MBA.

As per a survey conducted by IIM Ahmedabad for the

Executive MBA aspirants, the top reasons for pursu-ing Executive MBA is to bridge the gap between the current skill level and desired skill level to play a larger role in management and to attain shift in career path.

How to pursue Executive MBAThe primary eligibility criterion for the aspirants is to have at least 3-5 years of work experience. The top B-schools in India accept the scores of GMAT. The candidates are shortlisted on the basis of their GMAT score, Statement of Purpose or Essay or Letters of Recommendation and performance in Personal Interview rounds. Some B-schools also accept CAT scores along with GMAT scores or conduct their own entrance exam for the admission in the Executive MBA programme. Some institutes have the minimum age limit factor as well.

While the aspirants of Executive MBA already pos-sesses the much needed work experience, all they have to focus on next is a good GMAT score. The advantage of GMAT is that the exam can be taken multiple times a year as per the candidates’ conveni-ence and the scores are valid for 5 years. However, most of the B-schools accept scores of 2 to 3 years.

After you apply to the B-schools on the basis of your GMAT scores, the shortlisted candidates will have to prepare on their soft skills, such as Essay Writing and Personal Interview. Some B-schools also ask for a detailed Statement of Purpose. In order to succeed in these rounds, clarity in thought is the most important factor. They must be successful in communicat-ing their ideas with the interview panel on how the Executive MBA would add value to his or her career.

While preparing for GMAT is a rigorous task, it is also important that the aspirants prepare for the final round of selection process with equal vigour in order to succeed in their dream.


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TOP EXECUTIVE MBA PROGRAMMESThe following table will bring you the top B-schools in India offering Executive MBA programmes along with the salient features.

B-School Programme Duration Mode Eligibility Criteria Selection Procedure

Seats Fee

IIM Ahmedabad

Post Graduate Programme in Management for Executives (PGPX)

1 year Full Time Bachelor’s Degree with minimum 15 years of total education. Minimum age should be 27 years on 31st March. GMAT scores obtained in the last 4 years. 5-7 years of full time work experience.

Personal Interview Essays (2)

85 Rs. 24 lakh

IIM Bangalore

Executive Post Graduate Programme in Management (EPGP)

1 year Full Time Graduate in any discipline with at least 50% marks in aggregate or equivalent CGPA 4-15 years of full time work experience A valid GMAT/GRE score

Statement of Purpose (SOP) Two Reference letter Written Ability Test and Interview

60 Rs. 22,77,500

IIM Calcutta Post Graduate Programmes for Executives (PGPEX)

1 year Full Time Bachelor’s Degree or equivalent in any discipline. More than 5 years of full time post qualification work experience. GMAT score of not older than 36 months.

Statement of Purpose Letters of Recommendation from 2 senior managers

50 Rs. 22 lakh

IIM Lucknow International Programme in Management for Executives (IPMX)

1 year Full Time Bachelor’s Degree in any discipline GMAT scores of not older than 3 years Minimum 5 years of work experience

Statement of Purpose 2 Letters of Recommendation Personal Interview

70 Rs.

19,111

IIM Lucknow Noida Campus

Working Manager Programme (WMP)

3 years Part Time Bachelor’s Degree in any discipline with minimum 50% aggregate marks Minimum 3 years full time work experience

Written Exam Group Discussion Personal Interview

NA Rs. 9,10,000


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Seats Fee

IIM Indore Executive Post Graduate Programme in Management (EPGP)

1 year Full Time Bachelor’s Degree Valid CAT/GMAT Score Minimum 5 years of work experience

Personal Interview

NA Rs. 18 lakh

IIM Indore Mumbai campus

Post Graduate Programme in Management for Executives (PGPMX)

2 year Part Time Bachelor’s Degree in any discipline Minimum 5 years of experience

Personal Interview

NA Rs. 11 lakh

IIM Kozhikode

EPGP 2 years Part Time Bachelor’s Degree or equivalent in any discipline with minimum 50% aggregate Minimum 5 years work experience

CAT (2 years validity)GMAT (2 years validity) EMAT Personal Interview

NA Rs. 7,40,000

ISB Hyderabad

Post Graduate Programme in Management (PGP)

1 year Full Time Bachelor’s DegreeValid GMAT scoreMinimum 2 years work experienceTOEFL/IELTS/PTE scores (in case mode of teaching in UG level was not English

Personal Interview

Hyderabad campus – 550Mohali – 270

Rs. 25,43,700

Post Graduate Programme in Management for Senior Executives (PGPMAX)

15 months

Part Time Bachelor’s DegreeMinimum 10 years and around 15 years of work experience in managerial position

Personal Interview

NA Rs.

35,59,000

FMS Delhi MBA Executive 2 years Part Time (Evening Programme)

Bachelor’s Degree in any discipline with at least 45% aggregate marksMinimum 5 years work experience as an executive or an administrator CAT Score

Writing Ability Test Personal Interview

172 Rs. 2 lakh + miscellaneous fee


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Seats Fee

MBA Executive-Healthcare Administration (HCA)

2 years Part Time (Evening)

Bachelor’s degree with minimum 45% aggregate marks in Medicine/Dentistry/Biotechnology/Genomics/Genetics or similar courses Minimum 5 years of work experience as executive or administratorCAT Score

Writing Ability TestPersonal Interview

42 Rs. 2 lakh + miscellaneous fee

XLRI Jamshedpur

PGDM (BM) 3 years Part Time Bachelor’s Degree in any discipline Work experience of minimum 2 years GMAT or XAT scores

Aptitude Test Personal Interview

NA Rs. 10 lakh

PGDM General Management (GM)

15 months

Full Time Bachelor’s Degree in any discipline Minimum 5 years of managerial/supervisory experience GMAT or XAT scores

Group Discussion Personal Interview

119 Rs. 16 lakh

IIFT Delhi 2 years Part Time Graduates in any discipline in any discipline with minimum 3-5 years’ work experience

Group Discussion Essay Writing Interview

NA Rs. 3,75,000

Executive Post Graduate Diploma in International Marketing (EPGDM) & Executive Post Graduate Diploma in Capital and Financial Markets (EPGDCFM)

2 years Part Time Graduates in any discipline in any discipline with minimum 3-5 years’ work experience

Group Discussion Essay Writing Interview

NA Rs. 3,50,000


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Seats Fee

MBA Part Time 3 years Part Time (Evening)

Bachelor’s Degree in any discipline from a recognized institute Minimum 3 years of work experience

Group Discussion Essay Writing Personal Interview

NA Rs. 7,50,000

MDI Gurgaon National Management Programme (NMP)/PGP-Energy Management

1 year Full Time Graduates in an any discipline from a recognized institute with 50% aggregate marks Minimum 5 years post qualification work experience CAT/MDI Entrance Test

Personal Interview

NA Rs. 12,77,000

PGPM 3 years Part Time Graduates in an any discipline from a recognized institute with 50% aggregate marks Minimum 3 years post qualification work experience MDI

Entrance Test

Personal Interview

NA Rs. 9,37,000

SPJIMR Mumbai

Post Graduate Executive Management Programme (PGEMP)

21 months

Part Time Graduates in any discipline from a recognized institute Minimum 5 years of work experience

Group Discussion Personal Interview IQ and Psychometric Test

NA Rs. 6,20,000

IMT Ghaziabad

PGDM Executive

15 months

Full Time Graduates in any discipline with minimum 50% marks in aggregate CAT, XAT and GMAT scores taken within 3 years and 4 years respectively

Personal Academic Discussion

NA Rs. 12 lakh

Great Lakes Institute of Management

PGPM 1 year Full Time Graduates in any discipline from a recognized institute Minimum 2 years work experience CAT/XAT/GMAT scores

Essay Writing Group Discussion Personal Interview

NA Rs. 14,65,000


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Seats Fee

NMIMS Mumbai

Executive MBA 1 year Full Time Graduate in any discipline from a recognized institute Work experience of minimum 5 years in

managerial role

Written Test Personal Interview

NA NA

MBA (Part

Time)

2

years

Part Time Bachelor’s

Degree in any dis-

cipline from a rec-

ognized institute.

Minimum 2 years of

work experience

Written Test-

Personal Inter-

view

120 NA


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Executive MBA Time lineThe time line for the Executive MBA varies from institute to institute. Some institutes even conduct multiple batches or application cycles to suit the schedule of the executives. The table below will bring to you the approximate timeline followed at the top B-schools offering Executive MBA

B-School Application Starts Application Ends Session Commencement

IIM Ahmedabad September (Round 1)

November (Round 2)

April

IIM Bangalore May (Round 1)

September (Round 2)

August (Round 1)

November (Round 2)

IIM Calcutta July October April

IIM Lucknow July October April

IIM Indore October/December April

IIM Kozhikode May August September

IIM Shilling January May October

IIM Ranchi October January

IIM Rohtak August

IIM Raipur April June

IIM Trichy April May July

IIM Udaipur June January

IIM Kashipur February May July

FMS October November

XLRI August September February

MDI August November April

ISB October (Cycle 1)

January (Cycle 2)

Great Lakes Institute of Management

November (Cycle 1)

January (Cycle 2)

Although there is no fixed schedule for application window or class commencement, as observed from the table above, most of the Executive MBA programmes commence from April.


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Careers360 Wishes

All the Best for Executive MBA


what, why and how of executive mba - careers360 · 2015-09-10 · executive mba allows experienced...

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