Executive MBA in Mumbai in

Executive MBA in Mumbai

Mumbai - the financial commercial and the entertainment capital - attracts not only those that look for an offbeat career, but also working professionals. The city is home to a few premier scientific research institutes such as TIFR, BARC, NPCL, etc. while also having various important institutes such as IIT Bombay, and University of Mumbai. As for the prestigious Management colleges Mumbai houses SP Jain Institute of Management and Research, Narsee Monjee Institute of Management studies (NMIMS), etc.

Part Time Program

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 6, 20, 000/-
  • NMIMS University School of Business Management
    • 24-month course
    • Fee: INR 4, 70, 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 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 5, 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.

Rankings

SP Jain Institute of Management and Research is ranked among the best institutes in the country, and is ranked 5th in Asia for its Global MBA program in the Forbes Business School rankings 2013. Executive MBA program at NMIMS Mumbai is ranked at 18th in the India – Central Asia rankings by Eduniversal in its 2014-2015 rankings, while LN Welingkar Institute of Management in Mumbai is ranked 27th 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.

Program by 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/-.

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.

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.

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