What is an Executive MBA?
Executive MBA/PGDM is a postgraduate management course designed specifically for working professionals who want to improve their managerial abilities in their sector of work or industry to adapt to a fast-changing business environment and stay competitive in the job Environment.
The course material of the regular MBA/PGDM curriculum and the Executive MBA/PGDM programme differs slightly. They are, however, intended for different Candidates with various needs.
designed for different people with different needs
Since Executive MBA/PGDM is designed for working professionals with considerable work experience, it is of shorter duration (15 months to 18 months) and Frequently delivered in part-time Format. Although the Expenses of an Executive MBA programme is Higher than the regular MBA programme (Rs 10 lakh to Rs 40 lakh), the advantage of pursuing the former is that the employer company Gives financial assistance to its employees for the programme.
Over the years, Executive MBA has grown popular across the globe. More graduates are now choosing to work for a few years and pursue Executive MBAare Since it gives them a competitive advantage. Previous work experience adds to their professional profile. Moreover, top B-schools like the IIMs provide campus placement for their Executive MBA graduates. The average salary offered after completion of an Executive MBA programme is Rs 13 lakh and above.
Also Read: What is the difference between MBA and PGDM.
Executive MBA: Eligibility Criteria and Top Entrance Exams
Eligibility criteria for Executive MBA are similar to Regular MBA, the only difference being work experience, which carries comparatively more weightage during the selection process. Consider the following essential qualifying requirements for Executive MBA/PGDM:
Any candidate who has completed a bachelor’s degree from a recognised university with at least 50% aggregate or equivalent. In many institutes, there are no minimum cut off marks for Executive MBA admission.
The candidate must have at least two years of work experience at the managerial or executive level. Work experience in part-time mode is not accepted by any MBA institute.
The number of years viz. The work experience varies from two to five years for every institute. The candidate must check the eligibility criteria of the preferred B-schools before applying.
Executive MBA: Job Profiles & Top Companies
The demand for an Executive MBA is on the rise in the present scenario. Placement numbers of EMBA programmes of top B-Schools show that more recruiters are now interested in MBA graduates with work experience.
At IIMs and other top institutes, the average salary offered to graduates of executive education programmes has been Rs 13 lakh per annum and upwards. Executive MBA holders are best suited for senior-level managerial and consulting jobs and entrepreneurship. Such candidates are hired by all kinds of companies and business houses with a profile in senior management in domains like Finance, Marketing, Sales, Human Resources, IT, Digital Marketing, Business Analysis, Operations, Banking, Insurance, Consulting, etc.