What is an Executive MBA?

Maybe you have always had a knack for management education. Maybe you always wanted to earn an MBA degree but never had the time or resources to go for an MBA. Maybe you want to learn more about the business world and how it works. Or maybe you are looking for a professional degree that can help you level up and gain a competitive edge over your coworkers.

Well, whatever is your reason, an executive MBA might be the perfect match for you. But what about your job? How will you manage to work alongside your studies? Lucky for you, the Executive MBA is designed just for working professionals like you. Not only do you get the liberty to study part-time but you also get to fast-track your course. That’s right, unlike an MBA programme, you don’t have to commit to 2 years of study.

An Executive MBA will equip you with a versatile skill set and a diverse knowledge domain, all of which will help you when you move to more complex business functions. Furthermore, it will offer you hands-on experience in different industries, thus enhancing your critical, reasoning and decision-making abilities.

In addition to all the above-mentioned benefits, an Executive MBA degree will look good on your resume and make you stand out among all the other candidates when it comes to climbing up the corporate ladder.

Does Executive MBA Have Value?

Taking a career step as big as enrolling on an executive programme comes with a lot of questions and nervousness. It often leaves you wondering whether it is even worth pursuing the course considering the amount of time and money it requires. However, pursuing an executive MBA will add a lot of value to your life by supplying you with the adequate knowledge and essential professional skills to move to the next level in your career.

Here are a few ways in which an executive MBA can benefit you:

• Gain Important Business Skills

An EMBA programme helps you gain valuable insights from the business world. It will help you learn some of the important business functions. It will also supply you with knowledge about how to read financial statements, how to analyse data and how to make decisions based upon statistical facts. It does not matter what field you come from, an EMBA will acquaint you with all the management processes that take place in an organisation. Thus, an EMBA serves as a great opportunity to switch careers.

• Career Advancement

If you are looking to step up in the hierarchy, EMBA serves as the perfect opportunity to do so. The programme lays great emphasis on leadership skills and will help you gain new perspectives and enhance your business knowledge. It will make you an ideal candidate to take up more serious positions and bear greater responsibilities at your workplace.

• Increase Your Earning Potential

According to Caryn L. Beck-Dudley, President and CEO, AACSB International, you can get a salary hike of $10,000 to $15,000 after obtaining an EMBA degree. Studies indicate that professionals received over 14.7% increase in compensation after an EMBA. Therefore, investing in an executive MBA can offer you great returns.

• Expand Your Professional Network

One of the major reasons why professionals opt for an Executive MBA is that they get many opportunities to interact with industry and academic experts and aid in professional networking. During the programme, you will get multiple opportunities to engage in direct interactions with many top-level executives of top companies and other experts by means of webinars, workshops, etc.

Benefits of Taking an Executive MBA Degree

Pursuing an executive MBA can prove to be a real game changer for you. The programme can lead to a lot of benefits in your professional and personal life. It can help you gain the necessary skills and relevant experience to help you thrive in your career. Here are a few benefits of pursuing the course through distance mode:

• Explore the Latest Industry Trends

The EMBA Programme is designed to equip you with the latest ideas and strategies in business. Thus, the course curriculum consists of various new and emerging trends in the industrial world, thus widening your knowledge base and making you more relevant to the current business world. Additionally, you will also get the opportunities to apply this knowledge and ideas by means of practicals and projects.

• Learn from Industry Leaders/CEOs

While pursuing an EMBA, you will get the once-in-a-lifetime opportunity to learn from industry leaders and experts. This will help you gain invaluable insights from the real-time industrial world from the top heads of an organisation.

• Learn While You Can Still Earn

Executive MBAs through distance mode do not require you to give up your job. You can study part-time while you continue to work full-time. Furthermore, you can adjust the pace of your learning as per your convenience.

Distance Executive MBA Eligibility Criteria

• Educational Qualifications: Graduate in any field with a minimum of 50% marks in aggregate from a recognised university.

Note: The eligibility requirement varies from university to university.

• Work Experience: Most universities require students to have a work experience of 3 to 5 years for pursuing an Executive MBA.

Note: The eligibility requirement varies from university to university.

• Entrance Examinations: Most Universities do not require students to take an entrance examination to seek admission into their distance EMBA programme.

Note: The eligibility requirement varies from university to university.

List of Executive MBA Specialisations

Some of the top specialisations offered in the distance EMBA programme in India are:

• Finance
• Marketing
• Operations
• Information Technology Management
• Human Resource
• Business Analytics
• Retail
• Hospital & Healthcare Management
• International Business
• Entrepreneurship

Executive MBA Admission Process

In order to take admission into an EMBA in distance mode, a candidate must first register at the online application portal of the university. After this, a student has to fill out a detailed application form, upload all the necessary documents, and pay the application fee. After this, the candidates will be shortlisted on a merit basis and will be notified about the further admission process.

Note: The admission process may vary from university to university.

Average Executive MBA Fee

The fee for an Executive MBA programme ranges between INR 10 lakh to INR 40 lakh. You can ask your employer to sponsor your executive MBA.

Executive MBA Course Duration

The duration of an Executive MBA varies from university to university and can range from 1 to 2 years. For instance, IGNOU offers a 3-semester EMBA programme.

Executive MBA Subjects and Syllabus

Semester I	Semester II
1. Managerial Economics	1. Human Resource Management
2. Managerial Accounting	2. Financial Management
3. Quantitative Techniques	3. Operations Management
4. OB & Management Processes	4. Research Methodology
5. Marketing Management	5. Elective 1
6. Business Communication	6. Elective 2
7. Business Law	7. MIS for Managers
8. Emerging Area Course-1	8. Emerging Area Course-1

 

Semester III

1. Strategic Management

2. Business Ethics, Corporate Governance, CSR

3. Elective 1

4. Elective 2

5. Elective 3

6. Project

7. Comprehensive Viva

Popular Executive MBA Colleges/ Universities

Some of the top institutes that offer an Executive MBA in distance mode in India are:

• Indira Gandhi National Open University

• Online Manipal University

• Kazian School of Management

• Imperial Institute Of Management Studies, New Delhi

• Xavier Institute Of Business Management Studies (XIBMS) , Hyderabad

• Academy Of Continuing Education, Shiv Nadar University, Uttar Pradesh

• SP Jain School Of Global Management, Mumbai

Executive MBA Vs Regular MBA

Executive MBA	Regular MBA
The duration of an EMBA can vary from 1 year to two years depending upon the university. Certain universities also provide the option to fast-track meaning that you can finish the course faster than expected.	A Regular MBA is a two-year programme and cannot be finished before that.
Executive MBA is a part-time course that can be pursued from the comfort of your home without having to visit college.	A regular MBA programme requires you to study full-time by attending regular classes.
An Executive MBA course is especially designed for working professionals, meaning that students can manage their studies alongside their jobs.	A regular MBA programme does not provide you with enough spare time to continue working.
In case of an Executive MBA, the fee is generally higher, however, most professionals can get their companies to bear the expense.	In case of a regular MBA, students have to pay the fee from their own pocket.

Job Prospects after an Executive MBA

Job Title	Roles and Responsibilities
Brand Manager	The role of a Brand Manager revolves around observing and analysing market trends and coming up with strategies to promote the product accordingly. In addition to these, a Brand Manager also looks after the design and packaging of a product.
Finance Manager	A Finance Manager maintains end-to-end financial records of a business. He takes care of all the data related to the investment and financial status of an organisation.
Business Development Manager	Business Development Managers drive the growth of a company by attracting and maintaining a client base, identifying new opportunities for growth and overseeing various business projects.
HR Manager	An HR Manager looks after various functions of the HR Department such as Hiring, Payroll Management, Enforcing Company Policies, Grievance Redressal, etc.
Marketing Manager	Marketing Managers use various marketing techniques to come up with effective campaigns and drive profits to the company.
Business Analyst	The main role of a Business Analyst is to analyse the performance of a company, identify all the problems hampering its growth and come up with effective solutions for the same.

 

Job Title	Salary (INR)
Brand Manager	21 LPA
Finance Manager	12.5 LPA
Business Development Manager	9.2 LPA
HR Manager	6.6 LPA
Marketing Manager	15 LPA
Business Analyst	6.5 LPA

Source- Ambition Box

Summary

Course Name	Distance Executive MBA
Course Type	Post-Graduate
Duration	1-2 Years
Mode of Learning	ODL Mode (Open and Distance Learning)
Fee Structure	INR 10 lakh to INR 40 lakh
Average Salary Offered	INR 13 LPA
Employment Roles	Brand Manager Finance Manager Business Development Manager HR Manager Marketing Manager Business Analyst
Examination Mode	Both Online and Offline (depending on University)

FAQs

1. What is the maximum age for Executive MBA?

There is no age restriction for pursuing an Executive MBA. Generally, individuals in the age group of 35 to 40 years opt for it.

2. Are EMBA programmes accredited?

Most EMBA programmes are accredited by governing bodies such as UGC, etc.

3. Is an EMBA accepted globally?

An EMBA enjoys great recognition all over the globe and is widely accepted by MNCs including Fortune 500 Companies.

4. Why Executive MBA is better than a regular MBA?

An Executive MBA is specially designed keeping in mind the needs of working professionals. Thus, it caters to their needs better and equips them with skills like how to read financial statements, how to analyse data and how to make decisions based upon statistical facts.

5. Can I do Executive MBA without CAT?

Yes, you can do an Executive MBA without CAT. In fact, many universities provide admission into their Executive MBA programme without any entrance exam.

6. Can I get a job with Executive MBA?

An Executive MBA can help you land good job opportunities at top positions in companies. It can help you climb up the corporate ladder and get lucrative packages.

7. Does an Executive MBA help in career change?

If you are looking for a career change, then an Executive MBA is the best course of action for you. It will help you learn about the various fundamental functions in an organisation.

8. How to get into an executive MBA in IIM?

In order to pursue an Executive MBA from IIM, a candidate must have scored a minimum of 50% marks in graduation and must have attained a valid score in GMAT or GRE. In addition, a candidate must have a work experience of 4 years or more.

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