Executive MBA also known as EMBA is a post-graduate degree program that is targeted towards cooperate executives and managers. Most people have the misconception that EMBA is better than a regular MBA. But that is not true. EMBA is restructured and has a fast-moving syllabus to suit its students better. Further, it covers the same amount of syllabus as an MBA. EMBA is part-time and its classes are scheduled only once or twice a week. Keep reading to know the difference between EMBA and MBA, is EMBA worth studying? And what is Executive MBA all about?
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Also Read: MBA after MBBS- Scope, Top colleges and More
What is EMBA?
First of all, EMBA is a part-time MBA. The EMBA programs prepare the students as per the market demands and also lead to promotions in the company. However, both part-time and executive MBA gives you a high ROI and leads to high paid job roles.
Then, you will think, what is the difference between EMBA and a part-time MBA?
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Difference between MBA, Part-Time MBA, and Executive MBA
First, let us know the similarities between them. Both of the programs on completion give an MBA degree. Also, both programs cover the same syllabus and topics. Additionally, both of them are part-time, so that means you can carry on with your full-time job and take your classes on the weekends.
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Now let us see the difference. The first and the most important difference is the target students of the programs. EMBA programs are targeted towards professional experts who are willing to accelerate their success even farther than that. The EMBA work requirement is also very high, meaning that you need should be working in a managerial post or higher management with at least 2 to 7 years of full-time work experience (part-time work experience is not considered by many schools). Also, the cut-off age for EMBA is 27 years but the average age of Executive MBA students is 38 years.
On the other hand, part-time and general MBA are meant for people at the beginning of their career. Hence they ask for only 2-3 years of work-experience. Also, there is no age cut-off, but the average age of students in part-time and regular MBA is 28 years.
Another major difference lies in the admission criteria or eligibility. MBA or part-time MBA requires a bachelor’s degree with a minimum 55% aggregate score, 2-3 years of work experience, and a GMAT, CAT, and TOEFL score (abroad) along with LOR’s and SOP’s. While, Executive MBA places emphasis on the work experience of the candidate, therefore they may omit the GMAT or CAT score or the minimum degree score.
Executive MBA is a minimum 1-year course, consisting of 2 semesters while a part-time MBA can be 1 to 2 years and an MBA is a 2-year course with 4 semesters.
According to QS global EMBA ranking 2019, the EMBA graduates saw an average salary boost of 38.5%. But if you are in your early days of career then you must choose an MBA as there are chances that you will end up with high-paid jobs soon after your post-graduation.
Why Should You Prefer EMBA?
The judgment of which MBA to choose depends on various factors and also changes from individual to individual. Further, the factors can be age, your career advancements, goals for personal growth, and development, your company’s demands, and your job title. To brief it up, we have considered two main factors that are common for all individuals that are time and money.
In terms of money, EMBA programs are highly expensive in India as well as abroad. To give you an idea the average fee of the Executive MBA in India is 5 lakh rupees per annum. While the fee for Executive MBA abroad in 2020 is $137,500 according to The Economist. Make sure you don’t land in debt for a course that is meant to develop your career. But money is not a big concern because most of the companies sponsor your program and hence the fee is reimbursed by them. You need to make sure how much percentage of fees your company is ready to reimburse. Also, you need to calculate the ROI. After completing your EMBA you have to stick around to your company or organisation for a few years.
The matter of time is extremely sensitive. As you have to dedicate quality time to your office as well as school along with family. The workload and deadlines can make it a little too hectic. Hence, before you sign up for an executive MBA prepare yourself to get tired and spend overtime. If you think it is all worth the sacrifice, you should go for it.
If you still have any doubts or you are unable to make a decision, feel free to consult us. We have experts and mentors from the corporate world who can give insights and make your decision easier.
Syllabus of Executive MBA
Since the executive MBA is one year course, it consists of only two semesters. The syllabus for each semester is mentioned below:
Executive MBA Semester I
- Operations management
- Corporate finance
- Corporate communication
- Managerial economics
- Marketing management
- Accounting and finance management
- Human resource management
- Research methods for management
- Financial reporting and analysis
- Business law
- Corporate governance and ethics
- Decision sciences
- Competition and strategy
Executive MBA Semester II
- Strategic management
- Production and operation management
- Management information systems
- Executive communication
- Event management
- International business
- Perspectives and management of microfinance
- Entrepreneurial management
- Designing organisations
Additionally, every semester there is project work and viva voce. There is no internship, due to the fact the students have more than enough exposure to the field. Also, the classes are accelerated and the syllabus is fast-paced as the students pretty much know most of the concepts.
Though there are several elective courses offered by the institute for Executive MBA. Not all of them will be provided by the particular institute you apply to. Here is the list of the popular electives of executive management.
- Corporate strategy and policy
- Decision sciences and information systems
- Economics and social sciences
- Finance and accounting
- Entrepreneurial learning
- Production and operation management
- Organisational behaviour and human resource management
Eligibility Criteria for Executive MBA
The following are the eligibility requirements of EMBA:
- The candidates should have a minimum of 50% marks in higher secondary school (i.e. 10th and 12th)
- The candidates should complete a bachelor’s degree in a relevant discipline with 55% aggregate marks. Note that the minimum marks criterion is not mentioned by all institutes.
- A candidate who completed bachelors in engineering, BBA, B.Sc., and B.Com. are eligible to apply for EMBA.
- Candidate must hold a minimum of 2 to 7 years of full-time work experience. Some business schools also ask for more than 7 years of work experience.
- The minimum age requirement of the candidate is 27 years.
Additionally, the institute can ask for scores in any of the following management entrance exams, CAT, XAT, MAT, or GMAT. Also, the admission of the candidate depends on the entrance exam score, writing ability test, group discussion, and personal interview much like the MBA. Further, the schools that have international exposure (such as international exchange program) also ask for English language proficiency test.
The most common skills required for EMBA are reasoning, quantitative ability, data interpretation, verbal skills, reading comprehension, and non-verbal communication. However, for many colleges and institutes, the work experience is the deciding factor for admission.
The average course fee for an executive MBA in India is 5 lakh rupees per annum. However, this changes with the institute and the specialisations. The candidate should check the exact fees and admission criteria for the particular institute they are applying to.
Also Read: Executive MBA Programs in 2020
Scope of Executive MBA
As we all know that the work experience counts a lot when applying for a job and hence companies prefer to choose EMBA candidates over MBA graduates. Furthermore, if you have passed out from a top business school then the value of your degree automatically increases. However, since most of the executive MBA candidates are already employed they have the scope of bagging a promotion and higher position thereafter. They can accept more responsibilities and bigger projects from the company.
Executive MBA degree holders can expect an average salary of a minimum of 40 lakh to a maximum of 60 lakh per annum. Also after continuing for a few years in the sponsoring company you can apply for other companies that offer higher pay and good benefits. The job titles an executive MBA can take up after graduation are:
- Communication manager
- Sales executive
- Customer support executive
- Quality control manager
- Brand executive
- Chief Executive Officer (CEO)
- Chief Financial Officer
- Marketing Director (MD)
- Human Resource Director (HRD)
- Chief Operating Officer
- Digital Marketing Manager
- Operations manager
- International business manager
- Infrastructure manager
- Project manager
- Telecommunication manager
- IT and Systems manager
- Energy and environment manager
- Supply chain manager
- Import-export manager
- Healthcare and hospital manager
- Public relations manager
Some of the top recruiters of executive MBA are:
- Trident group
- Reliance industries
- Grey orange
- Larsen and Toubro (L&T)
- Hindustan Unilever
- Mahindra and Mahindra
- Tata motors
- ITC limited
- Ultra tech cement
- Asian paints
- Aditya Birla group
- Mckinsey and company
Top Institutes for Executive MBA in India
Some of the top institutes for executive MBA in India along with their fee are mentioned in the table below:
|S. No.||Name of the Institute||Location||Course Fees in INR|
|1||Indian Institute of Management (IIM) Udaipur||Udaipur||13,00,000|
|2||Indian Institute of Management (IIM) Lucknow||Lucknow||21,40,000|
|3||Indian Institute of Management (IIM) Ahemdabad||Ahmedabad||25,00,000|
|4||Indian School of Business Hyderabad||Hyderabad||37,00,000|
|5||Symbiosis Institute of Business management HRD||Pune||2,10,000|
|7||Narsee Monjee Indian Institute of Studies||Mumbai||4,70,000|
|8||Indian Institute of Business Managements and Studies||Mumbai||40,800|
|9||University of Delhi Faculty of Managements Studies||New Delhi||95,000|
|10||Delhi Technological University||New Delhi||2,30,000|
In conclusion, investing your time and money in Executive MBA should turn out fruitful for you. You should calculate the ROI and balance the pros and cons of the EMBA before you make a choice. Hence, in this blog, we have covered the comparison between MBA, executive MBA, and part-time MBA programs to clarify your doubts. If you are still unable to decide and want the best career advice then contact us. We have experts from the business field, mentors, and counsellors. We provide admission abroad as well as in India with or without scholarships and grants.