Executive Mba

Work experience in Executive MBA

admin — Mon, 06 Apr 2009 14:17:45 +0000

Mandatory work experience is what differentiates a regular MBA program and an executive MBA program. Executive MBA program is specially geared up for professionals who have atleast three years of experience. Some institutes also demand a five – ten years of work experience. An executive MBA is usually of one year duration, hence one need to have that kind of work experience to get that one year waived off.

The work experience that students bring to the classroom is what the best part about the course is. There is knowledge and information sharing and executives learn from one another. Thus in executive MBA programs the executive’s professional experience and becomes an essential part of the curriculum Most of the learning in executive programs happens through debates, discussions, seminars, case studies and presentations.

Executive MBA programs are running successfully around the globe because more and more people are realizing the worth of doing an MBA after they have gathered some work experience. Their learning curve varies greatly from a fresh graduate with an MBA and no work experience. These executives learn at the correct time because they are easily able to apply the concepts immediately on the battleground.

A number of factors are considered while selecting executives for an executive MBA program. The candidate is evaluated on his professional performance, his academic records, his entrance test scores, his professional recommendations and his performance in the personal interview that is conducted by the university panel.

Usually, there are a lot of questions related to the work experience that are asked in the interview. Universities want to know what probed you to do an executive MBA. They want to test your communication skills, your determination and a host of other things. It is a best program for executives having a good work experience and willing to move up their career ladder.

Part time executive MBA

admin — Mon, 06 Apr 2009 14:17:31 +0000

Post graduation studies have become necessary for students to secure good jobs and those who already have one usually want to go for an executive MBA program to move up in their career.

This executive MBA program is the main attraction for executives or managers who have three to four years of work experience. This is because part time executive MBA program allows them to continue with their job at the same time study. The classes for part time MBA programs are held in evenings on weekdays and for a few hours on weekends. It is because of this flexibility that part time executive MBA offers, that so many executives enroll for the same.

The time duration for a part time MBA is two to three years and this is different from a one year full time executive MBA. In a full time executive MBA candidates are usually asked to take a break and finish their course whereas the advantage of a part time executive MBA is that the candidates can continue their jobs and yet learn.

Investing in a part time executive MBA program is worth because it equips you with all the necessary business skills, communication skills and negotiation and leadership skills. However, juggling between work pressure and executive MBA pressure in itself is a great lesson because it teaches you time management skills. You become equipped to handle work pressure, do assignments and attend classes.

Even while appearing for the entrance and the interview, candidates are usually asked questions about their capabilities and determination to handle both the tasks simultaneously.

Overall, part time MBAs are best for executive who are in a good position in their organization and do not want to leave their jobs at the same time want to add on to their academic qualifications. It helps them to do both even though thy make take two to three years to complete this.

Online Executive MBA

admin — Mon, 06 Apr 2009 14:17:03 +0000

Today, the mode of education has taken a great leap. Imagine obtaining an MBA degree sitting home. This is possible through the wide and extensive use of the internet. There are a lot of universities that help students to gain an executive MBA degree online. Online education is helpful for students who find no time to attend classes. They prefer the comfort of their home and the freedom to study even at wee hours of the day.

Online executive MBAs are so popular around the globe, mainly because mid level executives do not have the time to take a year off and do their MBAs. Also, some managers have their family and hence do not want to spend their weekend attending classes; hence they prefer an online MBA.

Another benefit of an online executive MBA is that you can pursue it from any university around the globe that is offering the course. You need not necessarily have to present and attend classes in that country. Everything is online – right from the entrance exam to the final exams! This also helps people to save on huge costs that are incurred for doing an MBA

The study or the course material that is given to you is either couriered to you or is sent via e-mails. Virtual classrooms are available where students can come together, learn and solve their difficulties.

Almost all types of specializations are available in an online executive MBA. It equips managers with all the skills that are necessary to lead a business; right from critical thinking, organizational development, to creativity.

The executive MBA is one of the most prestigious degrees in the world and when offered with such amount of ease, comfort and flexibility, it is surely something that will help you to move up your career easily.

Executive MBA Vs Full Time MBA

admin — Mon, 06 Apr 2009 14:16:42 +0000

Most people want to know the pros and cons of a full time MBA as well as an executive MBA little do they realize that these MBAs cater to different sets of target audience. While a full time MBA caters to a fresh graduate and people who have two to three years of work experience and want a career break or want to take a two year break and pursue his management studies, an executive MBA is specially targeted towards executive or managers who do not want a career change but want to rather grow in their field. Executives who have three to five years of work experience are the ones who can pursue an executive MBA. This is a mandatory requirement for candidates who want to take up executive MBA because the level of teaching in this type pf a course is quite high. Usually, managers here are made to discuss about different business challenges that they faced in their jobs, they are made to discuss different case studies and this helps them to learn from one another. On the other hand, a full time MBA, though involves discussions, projects and assignments, there is still a lot of foundation level courses that are covered here because there may be many freshers who join these courses and do not have any business experience.

A full time MBA scenario is very different from that of an executive MBA scenario. In a full time MBA course, students usually are not that focused on which career path they want to chose and tread on while on the other hand, candidates who do an executive MBA have relevant full time work experience and hence they are very confident about their careers and their choices and this makes things quite different for an executive who already has his foundation laid in form of the number of years of work experience.

Executive MBA fees

admin — Mon, 06 Apr 2009 14:16:06 +0000

Executive MBA fees depend on a lot of criteria such as the mode of education: part time, full time, online or distance/correspondence education. Secondly, it also varies on the college or the B-school that you have selected and which cluster or rank it belongs to.

Some of the fees of reputed colleges that offer executive MBA are as follows:

IIM Ahmedabad which charges approximately 20 lakh for a one year course called PGPX (Post Graduate Programme for Executives) which is a residential course.

Symbiosis Institute of Management which offers an executive MBA course for two and a half years who fees is approximately Rs.1, 00,000 for sponsored candidates. Minimum experience needed is 5 years (full time). This is a non residential course.

IIM Bangalore offers an Executive General Management programme which lasts for 7 to 8 months whose approximate fee is Rs. 2 lakh. Work experience: 5 years. It is a non residential course. IIM B also offers an Advance programme in management that is for executives who have minimum ten years of work experience. There are a lot of other specialized programmes as well that are offered by IIM Bangalore.

IIM Kolkata offer PGPX (Post Graduate Programme for Executives) for a year charging Rs. 8 Lakh with minimum 5 years experience. This is a residential programme.

IIM Lucknow charges 1.5 lakh for a Post Graduate MBA Programme (Part Time) which is a 3 years programme. Minimum work experience needed: 2 years. This is a non residential course.

IIM Indore offers Executive Post Graduate Programme (Part Time) which is an eighteen month course for which a candidate needs to pay Rs. 4Lakh. Minimum work experience needed is five years.

Faculty of Management Studies (FMS), University of Delhi offers part time MBA (3 Years) which costs a student approximately Rs. 40,000 to Rs. 50,000. However, an Employer Sponsorship is required here and the candidate needs to have a minimum three years work experience.

Top institutes for executive MBA

admin — Mon, 06 Apr 2009 14:12:11 +0000

There are many institutes that are offering an executive MBA in the country. However, some of the top notch and the reputed institutes whose courses are credit worthy are

IIM Ahmedabad which is the crème de la crème of all the B-schools in India. This institute is offering a PGPX (Post Graduate Programme for Executives). It is a residential one year full time course and you need a good GMAT score for entering this programme. Minimum age: 27 years.

Indian Institute of Management, (IIM) Bangalore offers many courses at the executive level. One of which is an executive General Management Programme which is of 7 to 8 months duration.

IIM, Kolkata offers PGPX (Post Graduate Programme for Executives) for an executive which is a one year full time residential programme.

Symbiosis Institute of management, located in Pune, Maharashtra is yet another reputed institutes that offers a non residential two and a half years executive MBA programme.

IIM Lucknow which comes in the cluster of the top 10 MBA schools in the country offers Post Graduate MBA Programme (Part Time) for three years.

Faculty of Management Studies (FMS), University of Delhi offers a part time three year MBA programme for managers.

Jamnalal Bajaj Institute of Management studies (JBIMS), Mumbai offers various development Programmes for managers in the area of marketing, finance, operations, systems management etc.

XLRI, Jamshedpur offers one year Graduate Management Programme for managers with a minimum of three years of work experience. The candidate needs to apply through XAT. It also offers a three year Executive Post Graduate Programme. Apart from this, there are many other courses that XLRI offers.

Indian School of Business (ISB), Hyderabad offers a one year MBA for managers with relevant work experience. It is a residential course costing approximately Rs. 15 lakh.

Indian Institute of Foreign Trade offers many courses for executives: They are MBA (International Business) (3 years), Executive Masters in International Business (18 Months) and Executive Masters in International Business (18 Months).

Types of Executive MBA : Finance and Management

admin — Mon, 06 Apr 2009 14:11:24 +0000

Executives or managers who have collected a good work experience who decide to go for an MBA do not really want to change their career track. They want to pursue an MBA because it will give them better growth prospects in their careers. Hence, many executive MBA programmes are highly specialized so that managers can choose the programme according to the type of career they are in.

Also, there are various modes of executive MBA depending on many criteria that are used to categorize them. For example, there are one year, two year, and three years executive MBA programmes. Some of the courses are full time while others are part time, online or distance learning programmes. Again, some of the programmes are residential which are full time, while others are non residential programmes.

As far as the specializations are concerned, the common specializations available in executive MBAs are marketing, finance, human resources, operations, logistics, strategic planning, international business etc. Other niche specializations are also offered by many institutes.

Some of the very specific programmes that are offered by various reputed institutes are Advanced Financial Risk Management Program offered by IIM B. Executive MBA in healthcare administration offered by Faculty of Management Studies (FMS), Delhi. Satellite Programme in Management – 14 Months offered by XLRI, Jamshedpur which is a 14 month programme.

Since these specializations are available, industries are always on the look out for managers with executive MBA who have undergone these specializations. The training imparted on these young executives is through case studies, discussions, debates, presentations and assignments.

It is this domain specific industry knowledge that has helped executive MBA such a sought after programme. More and more managers are now realizing the worth of doing an executive MBA rather than doing an MBA without any work experience.

Executive MBA College Ranking

admin — Mon, 06 Apr 2009 14:10:22 +0000

Executive MBA usually refers to an MBA that is designed for managers or executives who have a two -ten years of work experience. This program is made up in such a way that it helps executives who already have the basic knowledge of business but just want to add on to their management skills.

Some of the country’s best B-schools are offering various types of executive level MBA programmes. Since there are already so many colleges, universities and B-schools offering executive MBA programmes, selection of a reputed institute or a school can become a little difficult.

Hence many MBA publications after a lot of research come up with a MBA ranking list so that students can select the best B-school. The first cluster consists of all the top B-schools in the country. The second cluster consists of all the very good but not the best B-schools in the country and the third cluster consist of all the average to good B-schools in the country.

Cluster I

Indian Institute of Management, Ahmedabad
Indian Institute of Management, Bangalore
Indian Institute of Management, Kolkata
Indian Institute of Management, Lucknow
XLRI, Jamshedpur
FMS (Faculty of Management Studies), University of Delhi
Indian School of Business (ISB), Hyderabad

Cluster II

Indian Institute of Management, Kozhikode
Indian Institute of Management, Indore
IMT, Ghaziabad
Jamnalal Bajaj Institute of Management studies (JBIMS)
S. P. Jain Institute of Management and Research
Symbiosis Institute of Business Management
Indian Institute of Foreign Trade
Welingkar Institute of Management, Matunga, Mumbai
K J Somaiya Institute of Management Studies and Research
Narsee Monjee institute of Management Studies

Cluster III

Mumbai Educational Trust (MET), Mumbai
The Institute for Technology and Management (ITM), Navi Mumbai
Chetana’s R. K. Institute of Management & Research
Amity Business School
New Delhi Institute of Management
Institute of Finance and International Management, Bangalore
Amrita Institute of Management, Coimbatore
Loyola Institute of Business Administration (LIBA), Chennai

Some of the above colleges offer full time executive MBA programme while others offer part time programmes. There are many other institutes in the country that are offering executive level MBA programmes.

One year Executive MBA

admin — Mon, 06 Apr 2009 14:09:16 +0000

This year, the demand for one year full time executive MBA programme has gone up mainly because managers think that it is a good time to take a one year break especially with the world economy downturn and recession hitting the globe. One year executive MBA is one of the wisest choice managers with three to five years of work experience can make because this gives them an edge over other employees and serves as a great force in their career progress.

There are many schools in India that offer a one year executive MBA programme. Since this is a full time programme, it is only of a year’s duration as compared to other part time programmes that lasts for three to five years. One year executive MBA programmes are highly intensive. The learning in these programmes is usually conducted through different study modes like case studies, discussions, debates, learning from each others work experiences, assignments etc.

Some of the one year executive MBA programmes in India are:

IIM Ahmedabad: PGPX (Post Graduate Programme for Executives)
IIM Bangalore: Executive General Management programme
IIM C (Kolkata): PGPX (Post Graduate Programme for Executives).

Indian School of Business (ISB), Hyderabad: one year MBA for managers

XLRI, Jamshedpur: Graduate Management Programme
IMT, Ghaziabad

IIM C offers also offered various one year executive MBA programs in 2007- 08:

Executive program in business management
Executive program for young professionals/young managers
Program on leading and managing
Executive program in sales and marketing
Executive program in global business management
Executive programme in business analytics
Executive programme in international business
Executive programme in retail management

The fees for a full time one year executive MBA can cost anywhere from Rs, 1, 50,000 to Rs. 15 Lakh charged by ISB. It depends on the candidate what kind of programme does he or she want to choose and thus which B-school.

Executive MBA in India

admin — Mon, 06 Apr 2009 14:07:46 +0000

In the last few years, education in India has witnessed a great boom. More and more B-schools are coming up in India that offers various kinds of programmes for students. There are many colleges in India that offer executive MBA courses in full time, part time, distanced learning and online study modes.

Managers and executives in various companies in India who have worked for around three to five years but not done their MBA are the ones that opt for an executive MBA course.

Some of the schools like ISB, Hyderabad calls for faculty and professors from the best of universities abroad so that Indian students can get the best of education and learning. Executive MBA is gaining momentum in India because more and more students are realizing the worth of doing an MBA after gathering sufficient amount of work experience. The number of executive MBA programmes is surely going to be on the rise.

Another change in the MBA scenario is the number of niche specializations that are being available to students. Since students of the executive MBA programme are the ones who are more or less going to remain in the same industry they worked, it is best for B-schools to offer different specializations that cater to their specific industry.

Some of the best schools in India are offering executive MBA courses. These are IIM, Ahmedabad, IIM, Bangalore, IIM Kolkata, IIM, Lucknow, IIM, Kozhikode, IIM, Indore, XLRI, Jamshedpur, FMS (Faculty of Management Studies), University of Delhi, Indian School of Business (ISB), Hyderabad, IMT, Ghaziabad, Jamnalal Bajaj Institute of Management studies (JBIMS), S. P. Jain Institute of Management and Research, Symbiosis Institute of Business Management, Indian Institute of Foreign Trade, Welingkar Institute of Management, K. J Somaiya Institute of Management Studies and Research, Narsee Monjee Institute of Management Studies.