Top 5 Institutes Offering Executive MBA in India

An Executive MBA is specially designed for the working executives to take part in a management program without hampering their career. It is also known as EMBA. This program enables executives, business professionals and managers of various organizations to enhance their career and look for growth prospects. Executive MBA is mainly formed for the professionals to upgrade their managerial skills. There are many institutes that are offering an executive MBA in the country, here is a list top 5 colleges offering Executive MBA programs in India.

1. Indian Institute of Management, Ahmedabad (IIMA): The Government of India in collaboration with Government of Gujarat and Indian Industry as and autonomous Institute in 1961 set up Indian Institute of Management, Ahmedabad (IIMA). Conceived not only as a business school but also as a management Institute, the Indian Institute of Management, Headband (IIMA) builds on over forty-five years of excellence and leadership in management educations.

EMBA Course Details:
· PGPX: One Year Post-Graduate Program in Management for Executives
· Executives with bachelor’s degree in any discipline and are 27 or above at the start of the program can apply
· The program is open to all executives of nationalities
· The fee for PGPX program is INR 17,52,500 (for a single student with accommodation)
· Admission process includes GMAT, leadership profiling and personal interviews.
· It is a residential program.

2. Indian Institute of Management, Bangalore (IIMB): Established in 1973, the Institute has since then built on its base of highly accomplished faculty, world class infrastructure and motivated student body to emerge as one of the premier institutes for management education and research promoting managerial excellence in the country. IIMB strives to achieve excellence through partnerships with industry, and leading academic institutions, the world over. IIMB’s mission is to “build leaders through holistic, transformative and innovative education.”

EMBA Course Details:
· EPGP: Executive Post Graduate Program
· Graduate in any discipline with minimum 7 years of full-time experience
· The fee for the EPGP program is INR 16,75,000 (For single student with accommodation, 17,70,000 for a married student with accommodation)
· GMAT, Achievements, Interview
· It is a residential program.

3. Indian Institute of Management, Lucknow (IIML): Established in 1984, the institute’s mission is to be a global conscious and integrated school of management, towards management development, both in India and abroad.

EMBA Course Details:
· WMP: PGP in Working Managers Program, 3 year program
· Graduate in any discipline with minimum 2 years of full-time experience
· Written test, GD and Interview
· It is a non-residential program

4.Indian Institute of Management, Indore (IIMI): Established in 1996, Indian Institute of Management Indore is the sixth in the prestigious IIM family of management schools. The essence of management, IIM I believe, lies in managing one’s own ambitions and forging ahead consciously. “A strong theoretical foundation is the basis of good corporate practice”

EMBA Course Details:
· EPGP: Executive post graduate Program
· Graduate in any discipline with minimum 5 years of full-time experience
· The fee for the EPGP program is INR 5,50,000
· GMAT, personal Interview, Academic Record
· It is a Residential/non-residential program

5. Indian School of Business (ISB): The Indian School of Business evolved from the need for a world-class business school in Asia. Our founders- some of the best minds from the corporate and academic worlds- visualized the leadership needs of emerging Asian economies. They recognized that the rapidly changing business landscape would require young leaders with an understanding of evolving economies, but also with a global perspective. The ISB is committed to its role in creating such leaders through its innovative programs, outstanding faculty and thought leadership.

EMBA Course Details:
· Master of Business Administration
· Graduate in any discipline with minimum 5 years of full-time experience
· The fee for the MBA program is INR 15,00,000
· GMAT score, GD, personal Interview
· Residential

Executive MBA programs are now more popular than full time MBA programs. It is delivered in a number of ways, including modular and part-time.

Hiring of a Business Executive

No organization or business could succeed without its employees. Every great business has some great business executives behind its success. Hiring an efficient, experienced and effective business executive is not an easy task. The moves of corporate executives are always in news and make a good difference to the performance of organization. Some listed organizations do experience fluctuation in their share prices when a top executive joins or leaves them. This explains the importance of an executive in a business. It doesn’t mean that the executives hired at lower level are not so important. They are. In fact every employee in the business is crucial to its success. That is why successful organizations treat their employees as Assets, not Liability. However, the selection of a good executive is a very complex subject. There are many measures which Humane Resource managers need to assure prior to confirming appointment of an executive.

Knowledge – This is the most prominent ingredient that makes an executive viable for an organization. The prospective person should have knowledge about industry, and the job role that he / she is expected to play. Often eligibility of an executive is measured by his / her experience in the field and achievements. Often executives do write about the things they have achieved in their portfolio. However these things need to be tested with proper interrogation to ensure authenticity.

Longevity – Generally it is a common practice among young executives that they switch jobs very often. They do this more often for a raise in position then an increment in their emoluments. This move might prove beneficial to their individual growth but does affect the organization prospects very much. Whenever a new employee is hired, it costs an organization in the form of cost incurred on recruitment, training, and resources used. If an employee leaves the company without completing his / her desired tenure, she / adds to the cost of the company. Therefore the HR manager should look at the past record of prospective candidate. If the person has stayed with previous organizations long enough to cover the organizational cost and cater desired benefits, she / he can be considered for the further process.

References – It is always good to check past references of the prospective candidate before hiring him / her for the position. Many executives leave previous organization only after convincing their owners about it and leave a positive impression behind. However, in many cases, things might not be so friendly with the previous employer and the candidate might have left the organization after some rift with the owners. In any case, the HR manager should first ask the reason of leaving previous organization from the candidate, and then should cross check the same with the HR manager in his/her previous organization too. Things should then be assessed in light of new information and decisions should be made accordingly to ensure the benefit of organization.