Boost your Career with an Executive MBA
Introduction: Part-Time MBA Programs are designed for working professionals who cannot take time off work to attend full-time MBA. With the part-time MBA program, you can work full-time while attending MBA classes on days off or in the evenings.
Executive MBAs which are part time MBA programs, are popular among career enhancers, who have a good foundation of experience and want to further their career in a chosen field. They can also be advantageous for people who have already developed a network of business relationships that can facilitate a change of careers. The EMBA truly offers a level of education not obtained in any other setting. Now the question may arise as to when is the right time for a person to take up an EMBA? The answer is simple, >4 years of experience is optimum and 1-2 years is dangerous as it wont give you any leverage. Another question can be like what the right age would be for a person to do an EMBA? This answer is quite simple too, the ideal age bracket is 25 - 30 years. You may even want to know people of which field can take up an EMBA? Diversity and valuing differences is built into the EMBA program. Executive-participants come from different industries including banking and insurance, consulting and auditing, healthcare and pharmaceutical, manufacturing and service, hi-tech and low-tech, telecommunications and construction, media and advertising; from different functions such as general management, sales and marketing and advertizing, manufacturing, HR, IT; from different educational backgrounds of business and economics, engineering, architecture and science, liberal arts, medicine, law; and from different types of organizations working in manufacturing and service, multinationals and mid-sized regional and small entrepreneurial companies, for profit and NGOs. After getting answers to these queries some people may have doubts regarding the credibility of the program. Questions like the career growth and opportunities in the corporate world and pay scale after completing the program may arise. The Executive MBA program acclaimed as gateway to career opportunities.If you are planning to go in for an Exec-MBA, the growth you achieve from it will depend entirely upon the program and institute that you choose from the ones available. Also that what kind of knowledge base can you extract from the same course which will leverage your career growth. The motivations of Executive MBA participants are typically: Career acceleration Enhanced management skill set Personal development New challenge EMBA students hold positions of responsibility in their organizations and with a typical range of between four to 22 years of managerial experience, they have much to contribute to class discussions. A normal two-years experience (minimum requirement for any part-time course in India) executive would be earning around 3 LPA. Some guys earn even more and some guys less. Taking this figure as base for two years, the total amount is 6 LPA (discounting the increase in salary over years and also increase in money by time value of money concept). This was opportunity cost for leaving job and going for full-time course. Also, the actual cost of doing MBA is generally around 3-4 Lakhs (could cost more including the interest to be paid on loan, cost of staying in hostel, food, etc.). Overall, the cost comes around 10 Lakhs. And yes, don't forget the loss in experience for the 2 years! So an EMBA would be a more sensible choice! EMBA alumni go on to become some of the most successful and sought after business people in the world. In a recent survey of EMBA alumni: 74% reported an increase in seniority 64% reported an increase in responsibilities 61% reported an increase in budgetary responsibility 44% reported an increase in the size of their team Alumni also reported a 30% increase in salary within just one year of starting the program. The 2008 Financial Times EMBA rankings found a 110% increase in the average salary of EMBA alumni from the beginning of the program to three years after graduation. EMBA students have been supported by the following organizations, among others: Accenture, American Express, Gap, Reuters, General Electric Company, GlaxoSmithKline, Skype, Barclays Capital, Goldman Sachs, Sony Corporation, HSBC, IBM Corp,The Coca-Cola Company, Citigroup, JPMorgan Chase &; Co, Deloitte &; Touche, Lucent Technologies, Deutsche Bank, McKinsey &; Co, UBS, Motorola, Vodafone, Ernst &; Young and Novartis. The institute you choose to do your EMBA from too plays a significant role. If you do it from a reputed institute you can expect faster development in your career after your EMBA.There are umpteen institutes in India that offer EMBA programs but it is for you to choose the right one.  Indian Institutes offering residential EMBA programs are: 1.Institute: IIM Ahmedabad Course Name;Duration :PGPX (Post Graduate Program for Executives ) 1 Year Approx Fee: 10 Lakh Eligibility: Graduate, Minimum 27 years of age Selection Process: GMAT Scores Res./ Non Residential: Residential 2.Institute: IIM Calcutta Course Name; Duration: PGPX (Post Graduate Program for Executives )1 Year Approx Fee: 8 Lakh Eligibility: Graduate, Minimum 5 years experience Selection Process: GMAT Scores Res./ Non Residential: Residential 3.Institute: IIM Calcutta Course Name; Duration: 19 Program for Executives - 1 Year Approx Fee: varies Eligibility: Varies Selection Process: Varies Res./ Non Residential: Residential 4.Institute: IIM Indore Course Name; Duration: Executive Post Graduate Program (Part Time) â 18 Months Approx Fee: 4Lakh Eligibility: Graduate, Minimum 5 years experience Selection Process: CAT/GMAT Scores and interview Res./ Non Residential: Non Residential / Residential 5.Institute: XLRI Jamshedpur Course Name; Duration: Graduate Management Program â 1 Year Approx Fee: 2.25 Lakh Eligibility: Graduate and Minimum 3 years experience Selection Process: XAT test & interview Res./ Non Residential: Residential 6.Institute: XLRI Jamshedpur Course Name; Duration: Executive Post Graduate Programâ 3 Years Approx Fee: 3.05 Lakh Eligibility: Graduate and Minimum 3 years experience Selection Process: XAT test & interview Res./ Non Residential: Residential 7.Institute: XLRI Jamshedpur Course Name; Duration: Executive Fellowship Program in Management â 4 Years Approx Fee: 0.90 Lakh Eligibility: MBA, Managerial / Supervisory experience Minimum 3 years experience Selection Process: Personal Interview Res./ Non Residential: Residential / Non Residential 8.Institute: Indian School of Business ISB Hyderabad Course Name; Duration: MBA 1 Year Approx Fee: 15 Lakh Eligibility: Graduate, Work experience desirable Selection Process: GMAT Scores Plus Personal Interview Res./ Non Residential: Residential Add Comment CommentsYou may also like to read
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sonu396 : Heyy..
I'm sonu from Pune.. i have been working in an IT company for over 3 yrs now.. have done my B.E from MIT.. looking to do an exec MBA.. but am looking for a part-time course in Pune.. preferably in Pune...
Please give me your suggestions...