Executive MBA in Mumbai in 2024

Mumbai, the financial capital of India, is known for its fast-paced lifestyle, diverse culture, and plethora of educational institutions. It is home to some of the best business schools in India, offering Executive MBA programs for working professionals.

Mumbai is home to several big industries, including banking, finance, healthcare, and media, offering excellent career opportunities for students pursuing an Executive MBA program.

Mumbai has numerous prestigious MBA colleges, including Jamnalal Bajaj Institute of Management Studies, NMIMS School of Business Management, and SP Jain Institute of Management and Research, among others. These colleges have world-class infrastructure, experienced faculty, and a strong industry interface, providing students with a holistic learning experience.

Institute Name	Name of the course	Duration of the course
Narsee Monjee Institute of Management Studies	MBA (WX) (Part-time)	Two years
SP Jain School of Global Management	Executive MBA	18 months
IIT Bombay-WashU	Executive MBA	18 months
Welingkar Executive MBA	Post-graduate programme in entrepreneurship management and Post-graduate program in media & entertainment management	11 month
KJ Somaiya Institute of Management	MBA Executive	15 months
Universal Business School	Post Graduate Diploma in Management	24 months

Part Time Executive MBA

Some of the institutes offering part-time Executive MBA program in the city are:

• SP Jain Institute of Management and Research
  • 21-month course
  • Fee: INR 12,98,000/-
• NMIMS University School of Business Management
  • 24-month course
  • Fee: INR 6,32,000/-
• ITM Executive Education Center
  • 16-month course
  • Fee: INR 1,75,000/-
• Tata Institute of Social Sciences
  • 18-month PGDM course
  • Fee: INR 2,75,000/-
• Manipal University, Mumbai
  • 24-month course
  • Fee: INR 1,30,000/-

SP Jain Institute of Management and Research, and NMIMS are well sought after colleges in the city for Executive MBA, and have some of the best facilities in the city. The Executive MBA course is fairly flexible and at NMIMS the 40-credits course is designed to have an alternating weekly schedule for professionals, while at SP Jain the students need to be in the campus for only 9 days every quarter totaling to 60 days throughout the course. Work experience is mandatory for enrolling into any of the Executive MBA courses, and the candidate needs to be a graduate to be eligible to apply for admissions at any of the above colleges.

One-Year Executive MBA Program

Many of the institutes offering one year, 11 month or the 15-month course, offer the course through correspondence mode, although a few require a rigorous full-time participation. The colleges are listed as follows:

• Universal Business School
  • 15-month Full time course
  • Fee: INR 5,98,000/-
• Wisdom School of Management
  • 1 year Correspondence course
  • Fee: INR 28,700/-
• Indian Management Institute
  • 1 year Correspondence course
  • Fee: INR 45,600/-
• Welingkar Institute of Management Development and Research
  • 15-month Full time course
  • Fee: INR 7,00,000/-
• K J Somaiya Institute of Management Studies and Research
  • 15-month Full time course
  • Fee: INR 7,00,000/-

Welingkar Institute and KJ Somaiya Institute are some of the well renowned names in the city, and offer immensely satiable facilities to its students, who look for a quick degree. These programs are usually fast-tracked programs and require that the students have mandatory work experience (K J Somaiya and Welingkar Institute both require that the students have a work experience of 5 years). The other schools offering 1-year courses offer it through the distance mode, and are viable options for many looking for higher studies without sacrificing their work.

Executive MBA Rankings

SP Jain Institute of Management and Research is ranked among the best institutes in the country, and is ranked 5^th in Asia for its Global MBA program in the Forbes Business School rankings 2013. Executive MBA program at NMIMS Mumbai is ranked at 18^th in the India – Central Asia rankings by Eduniversal in its 2014-2015 rankings, while LN Welingkar Institute of Management in Mumbai is ranked 27^th by Business today group in its 2014 rankings. This suggests that Mumbai has a large number of universities offering some of the best Executive education courses, and is a compelling place to have studies done.

Executive MBA From Mumbai University

While Mumbai University offers the Executive MBA course in the city through its many affiliated colleges in the city (such as the MET institute of Management), IIT Bombay offers a joint EMBA (Executive MBA) course with Washington University for working professionals. The 18-month course is designed and uses a proven model to augment the skillset of working professionals. The course requires the student to participate in classes for four days in a month and ends with a two-week capstone at Washington University, St. Louis. The entire course fee for the course is INR 36, 00, 000/-.

Executive MBA Eligibility

For admissions into the Executive MBA course, the usual minimum eligibility is as follows:

• The candidate must be a graduate from any recognized university
• The candidate must have sufficient work experience in either supervisory or executive positions.

The eligibility criteria for each college is slightly different with the number of years of working experience, but more often than not work experience is mandatory for the executive MBA course at any university.

Specializations Offered

Most colleges and institutes offer the popular specializations such as:

• Finance Management
• Marketing Management
• Human Resource Management
• IT Management
• Banking and Finance

A few colleges in the city also offer other specializations such as Executive MBA in Insurance – as offered by MET Institute of Management, Executive MBA in Supply chain Management – as offered in Durgadevi Saraf Institute of Management Studies.

Executive MBA Placements

While many institutes offering the Executive MBA do not offer any placement facilities, a few others do, and in Mumbai the placement reports have almost always been cheerie. The highest Pay package at Welingkar Institute for Executive Placements was INR 25.05 lakhs per annum, while the average pay was INR 7.02 lakhs per annum. Similarly KJ Somaiya had a highest placement package of INR 19 Lakhs per annum and an average package of INR 7.8 lakhs per annum.

Executive MBA Programs in Mumbai

Narsee Monjee Institute of Management Studies

NIMS, that is Narsee Monjee Institute of Management Studies (deemed to be a university) is accredited by NAAC with an A+ grade. The institute provides the latest technology-friendly learning system. It is a leading distance management Indian university.

Brief Detail about the program

NIMS, a part-time MBA program aims to develop business managers who are socially sensitive and professionally competent. It is a two years program with 180 seats. The program is designed for executives who aspire to refine their skills in management. The course has different batch options that students can review based on their availability.

Specializations offered

Specialization is offered in the following domains:

• Marketing
• Leadership and strategy
• Digital Marketing
• Operations and supply chain
• Applied finance

It should be noted that the specialization has certification from Harvard Business Publishing Education.

Eligibility criteria

The eligibility criteria for taking admission in the MBA (part-time) program are shared below:

• Applicants should have graduated from a recognized university in any field. The graduation can be distance/full-time/part-time.
• The applicants should have at least three years of work experience in an executive or self-employed or supervisory capacity after completing graduation.
• The candidates should be up to date with the personal interview/written test.

It should be noted that the three years’ work experience has to be full time and it shall not include projects, internships, training periods etcetera.

Fee Structure

NMIMS part-time MBA fees for the batch 2021 was Rs. 6,32,000/-

The fee is payable in instalments.

Admission Procedure

The applicants are required to complete the online application process and pay the one-time, non-refundable, online registration fees that are INR 2000. The selection shall be based upon:

• Qualify in the written exam that is conducted by NMIMS or a valid GMAT score of at least 600. The score of the previous five years up to the closure of registration shall be considered. or a score of at least 200 in NMAT by GMAC exam.
• Personal interview

SP Jain Executive MBA

SP Jain School of Global Management provides up-to-date, comprehensive and pertinent business education. It is an Australian business school and has been ranked by some of the reputed international publications including Forbes, The Economist and Financial Times.

Brief Detail about the program

The Executive MBA program offered at SP Jain School of Global Management is an 18 months long part-time program that covers various crucial concepts of management.

Specializations offered

The candidates can opt for the specialization to learn more about their specific area of interest. Specialization is offered in the following fields:

• Marketing
• Operations
• Finance
• Entrepreneurship

Eligibility criteria

The eligibility criteria for the executive MBA program are given below:

• The candidates (international as well as domestic) should be having an undergraduate degree from an approved tertiary institution or recognized university.
• The applicants who have not got their final results yet are also eligible for applying however SP Jain School of Global Management can only make a conditional offer.
• The applicant should have worked full-time for at least 3 years after completing graduation. The work profile shall be evaluated by SP Jain and it should be pertinent to the course of study.
• The candidates should have completed the above-mentioned education in English and they ought to provide certified evidence to the school for the same.
• In case of exceptional situations if the applicant is unable to share the certified proof then the Admission director may approve self-attested copies of education completion certificates.
• In case the applicant has not done their latest educational degree in English then they need to take and attain the required minimum score in any of the given recognized and formal exams for English:
• IELTS with a score of at least 6.5
• TOEFL iBT with a score of at least 70
• PTE with a score of at least 60

It should be noted that only those scores that have been attained in the last two years shall be considered valid.

Fee Structure

The total fees for the executive MBA program are around INR 12,98,000 wherein the registration fee is about INR 1,18,000 and tuition fees are about INR 11,80,000.

Admission Procedure

• Interested candidates are required to complete the online application process. Candidates can also select more two specializations within a single application.
• The applicants are required to take any one of the following aptitude tests and attain the minimum required score for the admission process:
• GMAT (appeared in the previous five years)
• GMAC Executive Assessment (appeared in previous three years)
• SPJAT (appeared in previous 2 years)
• GRE (appeared in the previous five years)
• CAT (offered in India, appeared in previous 2 years)

In case the applicant is not having a valid score in GMAT/GRE/CAT/GMAC then they can apply for SPJAT, that is, SP Jain Aptitude Test.

• In case the applicants have not yet received their scores or given the test, then also they can apply however they shall not be considered for assessment until the submission of their test scores.
• In case the candidates do not fulfil the aptitude test score requirement then they may be considered for the interview based on the Registrar/Director of Admissions’ decision.
• Applicants are shortlisted based on their academic scores, work experience, English language proficiency and aptitude test scores.
• The shortlisted candidates are required to write an essay and appear for a personal interview.
• After approximately fourteen days of evaluation of the application, the applicants shall receive an email for the decision.

It should be noted the applicants are required to USD 50 as a non-refundable application fee.

IIT Bombay-WashU

Brief Detail about the program

After successful completion of the course, candidates are awarded a joint post-graduate degree in business administration from Washington University in St. Louis and IIT Bombay. The 18-months program is conducted on four days each month, from Thursday morning till Sunday evening.

Eligibility criteria

The eligibility criteria for applying to the executive MBA program are given below:

• Bachelor’s degree from a University that is recognized by the UGC
• Work experience of more than 7 years
• Managerial experience of 5 years
• Proficiency in the English language
• Satisfactory performance in a structured admissions interview

Fee Structure

The fee for the overall program is INR 42 lakhs.

Admission Procedure

• The candidates are required to apply online and submit their updated resumes/CVs, 3 written essays, and personal statement and complete the executive assessment.
• The applicants are required to prepare for the interview through Zoom and have a soft copy of documents such as work experience, Id proof and educational qualification.
• The third step involves an interview with the CEO, an interview with the faculty of IIT Bombay and an interview with the faculty of WashU.
• The candidates are required to submit 2 letters of recommendation and a sponsor letter of commitment for completing the application process.
• The last step involves selection and booking amount wherein the payment of the booking amount and first instalment is completed.

Welingkar Executive MBA

Welingkar offers 2 postgraduate executive programs on their Mumbai campus. The details for both programs are mentioned below.

Post-graduate Program in entrepreneurship management

It is an 11 full-time months course that is perfect for budding entrepreneurs, and business family millennials who aspire to learn about various management practices. The program is divided into 2 semesters and the classes are conducted one week, each month. The structure of the program is based upon the 3As, which are, acquisition, application as well as assimilation of knowledge.

Specializations offered

The program aims to offer specialized knowledge in the fields of entrepreneurship and media & entertainment management.

Eligibility criteria

The eligibility criteria for the course are given below:

• Applicant should be graduated from any recognized University.
• Applicant should either be the owner of a business or be the family business’s active member.

Fee Structure

The total fee for the program is INR 7 Lakhs + taxes.

Application Procedure

The last date for applying is 15^th September 2022. The applicants are required to fulfil the eligibility criteria and are selected based on an in-depth personal interview.

Post-graduate program in media & entertainment management

It is an 11-month full-time course which includes nine months of classroom-based training whereas the rest of the two months are of Capstone Project in media trends, with the industry.

Specialization Offered

The program provides specialized knowledge in media and entertainment management.

Eligibility Criteria

The eligibility criteria for applying for the postgraduate program in media and entertainment management is given below:

• The applicant should have graduated from any field from any recognized University with a minimum score of fifty per cent.

Fee Structure

The total fee for the program is INR 4 lakhs + taxes.

Admission Procedure

The candidates are required to submit a submission form. The last date for applying is 30^th June 2022. After completing the application process, an interview shall be conducted based on which the applicants are selected.

KJ Somaiya Institute of Management

KJ Somaiya Institute of Management is the 19^th institute in India that has earned AACSB accreditation. The Institute aspires to build a world-class teaching and research institution. The mission of the institute is fostering a spirit of inquiry, enabling livelihoods, encouraging innovations and creating good citizenships.

Brief Detail about the program

The institute offers a 15-month full-time executive MBA program. The course is designed for entrepreneurs and working professionals who aspire to upgrade their knowledge. The 15 months program got approved by AICTE in 2011 and celebrated a decade of excellence in the year 2021.

Eligibility criteria

The eligibility criteria for applying to the executive MBA program are given below:

• The applicants should have completed graduation in any field with at least fifty per cent marks from any recognized university and UGC-approved college.
• The applicant should be having at least 5 years of work experience.
• The candidate should have appeared for any exam from the following – CAT / CMAT / XAT / NMAT and GMAT as set by the institute.

Fee Structure

The total fee for the MBA Executive program is INR 9,49,957. Here are the specific details about the fee structure:

• Tuition fees – INR 7,00,590
• Development fees – INR 1,22,277
• Other fees – INR 1,14,590
• Refundable caution money deposit – INR 10,000
• Alumni fees – INR 2,500

Admission Procedure

• Candidates are required to fulfil the eligibility criteria and fill out the statement of purpose.
• The applicants are then required to appear for the personal interview process via Zoom.
• The final candidates shall get an invite for admission, they are then required to enrol for the program and complete fee payment.

It should be noted that the application form fee is INR 3000 along with applicable transaction charges.

Universal business school

Universal Business School aims to develop leaders who are innovative, responsible and ethical. UBS focuses on experiential learning through the means of case study projects, experimentation and more.

Brief Detail about the program

Universal Business School offers a 24-monthly postgraduate diploma in management that is approved by AICTE. The course is globally accredited by the British Council and UK Quality Assured. The classes are conducted on Sundays only. After successful completion of the program, candidates receive Post Graduate Diploma in Management (PGDM) Certification from AIMA.

Specializations offered

The specializations are offered in the following areas:

• Marketing management
• Human resource management
• Operations management
• Financial management
• International Business
• Information systems

Eligibility criteria

The candidate should be having work experience of at least one year.

Fee Structure

The overall fee for the postgraduate diploma in management is INR 2.50 lakhs.

Admission Procedure

The details for the admission process are mentioned below:

• Candidates are required to fill out the online application form and submit the application form for fees of INR 1500 (USD 30).
• The applicants have to attach their 10^th, and 12^th, graduation mark sheets, graduation degree certificates, provisional degree certificates, latest CV, appointment letter and work experience letter. In case any document is unavailable then it can be mailed later.
• The candidates are required to appear for a personal interview.
• Shortlisted candidates shall receive a provisional offer letter and admission shall be confirmed if all the conditions are fulfilled.

Last Updated: 13-April-2023