One year full time Executive MBA programs are gaining high popularity among working professionals in India. MBA has become an initial step to acquire a well paid job. Though ISB was first to start the executive MBA program in India, today most of the top and middle rung B- Schools offer these programs. In India most of the executive programs require minimum 2 to 5 years of work experience after graduation. Typically, the course duration is 12-15 months. The fee for most of these programs ranges from 10 to 20 Lakhs for the entire course.
Most of the B- schools consider GMAT score along with some other factors such as quality and nature of the work experience, past academic and extracurricular performance, quality of Application essays etc for short listing a candidate. A GMAT score of 700+ is must for top notch institutes; however for the middle rung institutes one can seek admission with a GMAT score in the range of 600 to 700. Normally the shortlisted candidates go through an interview round before final selection. The application calendar varies for different institutes. For ISB and few IIMs the applications are invites 6-9 months before the commencement of the course.
The curriculum for EMBA provides conceptual knowledge and stimulating experience. It helps in improving the skills and widens the decision making ability. Generally, the faculty includes managers, executives, and high officials working in any organization or industry. Coursework form an important part of EMBA.
The biggest advantage is that working professionals can continue their jobs while pursuing MBA.