In today’s dynamic world, exceptional skills can only help an individual sail through their incredible career journey. It is important to select the right course which can not only acquaint an individual with relevant subject matter, but also help gain extensive knowledge in a particular field to be able to apply them in the current market scenario. An MBA is a good choice if you aspire to grab a managerial position in a near future. An MBA degree equips students with managerial, technical and leadership skills and opens a gateway to build a successful career in the various fields of businesses. The course content of an MBA degree allows students to gain insights into supply chain management, entrepreneurship and or finance, depending on the stream of specialisation chosen by the candidate.
Executive Master of Business Administration is also in huge demand these days. This degree is scientifically designed for corporate executives and senior managers who are already working in large organizations.
Let’s understand what is “Executive Master of Business Administration”?
An executive Master of Business Administration is a degree program scientifically designed for corporate executives, technocrats, entrepreneurs, senior managers and business leaders. The students studying EMBA are mostly seniors of their fields and possess good working experience. EMBA course curriculum aims to offer practical tactics and strategies to manage employees in a company or an organization. It relies heavily on teamwork to achieve organizational goals.
The course curriculum includes Management topics like – International Business, Marketing, Human Resource Management and Finance. Modern EMBA courses also include Executive Communication and Strategic Management. An executive MBA includes weekly class lectures, weekend classes and simulation classes to prepare them to become innovative leaders of tomorrow.
Benefits of pursuing Executive MBA:
Executive MBA offers a lot more than vocational training. Executive MBA imparts all the tricks and tips to bring the perfect blend of practical and theoretical approach. This helps to get a preview of current business scenarios. The course is crafted in such a way that candidates are able to strike a right balance between learning and working.
Now, let’s look at the benefits of pursuing Executive MBA program:
1. Steadily climb the seniority ladder: We all would agree that in multinational companies, growth and salary prospects become almost nil. That’s when Executive MBA works as a catalyst that helps you fetch higher job profiles. The seniors get impressed with your newly acquired skills and knowledge and then they decide to assign you the managerial roles. Even if there are no vacancies in an organization, there is nothing to worry, because you still possess a chance to get hiked salary.
2. Hone leadership skills: Even if you have years of experience, but you still would hesitate to take a certain initiative, because of lack of knowledge. When you are unaware of leadership qualities, you don’t really push yourself to take the lead. Executive MBA gives you the ultimate knowledge about leadership, using which you help organizations to overcome unforeseen challenges.
3. Flexible timings: Executive MBA programs give you the privilege of learning and earning together. You don’t need to miss your regular office because the classes of Executive MBA are held mainly during weekends or twice/thrice a week.
4. Interactive session with professionals: Executive MBA programs give you an opportunity to mingle with professionals. You hear out their experiences and learn from them. More industrial experience you are exposed to, more you get ready to take the seat of a manager. You can also raise your query that you face during regular office, in front of experts teaching at the program.
5. Job security: The degree course – Executive MBA programs adds an impeccable advantage to your resume. You are no more an ordinary person with a graduate degree and an experience. But, you become the Master’s degree holder. The exemplary skills that you gain through Executive MBA helps you secure your position in a company.
What to prepare before joining an Executive MBA course?
1. Discuss about the course from fresh graduates:
Go and meet the fresh graduates who have pursued an Executive MBA from top MBA colleges on a regular basis or to those who have done MBA from correspondence. Go through the content of both the courses and understand which level of program is suitable for you considering your work pressure or aspiration to acquire superior managerial knowledge.
2. Inform the senior about your willingness to pursue an MBA program:
It is always better to inform your manager or reporting officer that you are willing to start an Executive MBA program. It will help them understand your position and they will be more cooperative with you. Apart from willingness to pursue an MBA, you must also discuss your decision with family and friends, so that they can support you in pursuing your aim.
3. Study the curriculum wisely to find its utility in your career:
It is really important that you must understand the structure of the programme before you apply. You must do the research whether the curriculum has its utility in shaping your career in a positive way or not.
4. Check out the timings of the course:
Before joining an Executive MBA program, you must check out its timings. You must assess whether its timings are suitable for you. If you are non – working, then you may opt for regular MBA classes. But in case you are working, then you can look for the weekend classes.
Minimum eligible criteria to pursue Executive MBA
- Minimum 50% in 10th and 12th class.
- B.Sc/Engineering/BBA/B.Com graduates with minimum 50% marks from a recognized university.
- Preference is given to the candidates who have minimum 2 years of working experience and above.
Executive MBA Admission Process
Admissions to the MBA courses are generally done through the common entrance exams followed by personal interview and group discussion. The common entrance tests are given below:
- GMAT (Graduate Management Admission Test)
- GRE (Graduate Record Examination)
- EMAT (Executive Management Aptitude Test)
- CAT (Common Admission Test)
- NMAT (Narsee Monjee Management Test)
However, some institutes consider the common PGDM Entrance exams like:
- CMAT
- XAT
- MAT
Top Colleges of Executive MBA programs:
- Indian Institute of Management, Lucknow
- Indian Institute of Management, Ahmedabad
- Department of Management Studies, IIT Madras
- Delhi Technological University, Delhi
- Indian School of Business, Hyderabad
Executive MBA programs broaden the management skills through:
- Coaching
- Lectures
- Case Studies
- Action Learning
Executive MBA fee range:
The average annual Executive MBA fee ranges from Rs. 4 Lakhs to Rs. 15 Lakhs.
Top Recruiting Areas of Executive MBA holders:
- Corporate Firms
- Online Shopping Portals
- Banks
- Offices
- Hotels
Top Recruiting Organizations of Executive MBA Holders:
- Infosys
- TCS
- Wipro
- HCL
- Amazon
- Flipkart
- HDFC
- Jaypee Group
Job profiles for Executive MBA degree holders?
- Brand Executive
- Sales Executive
- Quality Control Manager
- Communications Manager
- Customer Support Executive
Average Executive MBA Salary range:
The average Executive salary ranges from INR 9 – 15 Lakhs P.A.
What is a Regular MBA?
A Master of Business Administration is highly esteemed degree. It helps a child equip with developmental skills necessary for managerial and business careers. A regular MBA teaches you how to successfully lead, manage and adapt a wide range of business environments. A regular MBA is a right blend of theoretical and practical knowledge from a management degree.
Now, let’s understand the difference between Regular MBA and Executive MBA:
| Criteria | Regular MBA | EMBA |
| Overview | Designed for mid-career professionals who want to enhance their skills and explore career opportunities. | Specially designed for top level professionals who want to enhance their current knowledge, managerial abilities and leadership skills. |
| Average Age | 30 Years – 35 Years | 35 years to 45 Years |
| Total Cost | Regular: Rs. 10 – 12 Lakhs Correspondence: Rs. 3 – 5 Lakhs | Rs. 1 – 10 Lakhs if paid by the employer, also depends in which college you are enrolled. |
| Course Duration | 2 Years | 1 – 3 Years |
| Work Load | Back to back rigorous classes | Right balance between work and studies is maintained here |
| Eligibility | Work experience is not compulsory | Work experience is compulsory. |
| Opportunities | Extracurricular activities | Emphasis on networking among students |
Join MBA in Luxury Management at LCBS:
With the growing demand of retail and hospitality sector, Luxury industry in India is witnessing a consistent growth. This has lead to considerable need of trained professionals in the luxury sector. Joining MBA in Luxury Management program at LCBS is one of the wise decisions to uplevel the graph of your career. The main aim of Luxury Brand Management Course at LCBS is to understand the complexities of the Luxury Sector pertaining to management and resolution of problems.
About Luxury Connect Business School
LCBS is one of the top business schools in India which focuses to impart knowledge about Luxury retail services and skills, Luxury Brand Management and Customer Relationship Management to bridge the rising gap of skilled talent. So, get in touch with us today and get yourself enrolled in India’s first luxury B – School which is known for its international standards of education, well – experienced professors and global tie – ups.
FAQ
- What is the difference between an MBA and an Executive MBA?
Though the length of both a full-time MBA and an executive MBA will vary by school, the principal difference is that the EMBA is part time and designed to accommodate working professionals where Full-time MBA students, by comparison, have such demanding schedules that maintaining any job outside the program is discouraged.
EMBA and MBA curricula cover the same core material, EMBA programs tend to offer fewer electives and students are required to take most classes together. As such, MBA students will often enjoy more freedom when selecting their classes and, generally, have a wider variety of options available to them
- Is it good to do Executive MBA?
Ans: Yes as Executive MBA offers a lot more than vocational training. Executive MBA imparts all the tricks and tips to bring the perfect blend of practical and theoretical approach.
- What is eligibility for executive MBA?
- Ans: Minimum 50% in 10th and 12th class.
- B.Sc/Engineering/BBA/B.Com graduates with minimum 50% marks from a recognized university.
- Preference is given to the candidates who have minimum 2 years of working experience and above.
- What is an approx. salary of executive MBA?
Ans: The average Executive salary ranges from INR 9 – 15 Lakhs P.A.
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