Cheapest Executive MBA in India

Cheapest Executive MBA in India: Introduction

Are you looking for the Cheapest Executive MBA in India? You have arrived in the first place!

The following article by Formfees is presented to end your search for the Cheapest Executive MBA in India. Here below we are committed to giving you the best and most comprehensible information regarding the Best affordable Executive MBA in India.

But before we get into the details, let us brief you quickly on-

What is an Executive MBA? Well, you understand what an MBA is in the first place. It is a master's degree in Business administration. Getting an MBA degree gets you into the management position of any big corporation or firm. It is one of the most sought-after courses and definitely guarantees an ambitious career ahead.

An Executive MBA on the other hand, is an MBA degree for already working professionals in the industry.

But, why do already working professionals need an MBA anyway? To understand this you need to understand the actual working in the industries. Let’s brief you about this.

You would agree that industries work on innovation and up-gradation. One who does not innovate or upgrade gets left behind. This is true in the case of employees as well. Modern job culture isn’t a get the degree and the job thing. With higher competition, people need to innovate and upgrade fast to stay relevant in the industry. One’s experience counts, but good qualification counts as well. It is for this qualification that working MBA professionals opt for an Executive MBA course while working on their jobs simultaneously. In many cases, the firms encourage their employees towards such courses as well.

To understand the difference between an Executive MBA and Traditional MBA, look at the table below:

Executive MBA Vs Traditional MBA

What’s the difference between Executive MBA and Traditional MBA? Here is a comparison table of an Executive MBA with a Traditional MBA. Kindly go through it for a clear understanding of one from the other. Have a look:

Categories	Executive MBA (EMBA)	Traditional MBA
Target audience	The target audience for EMBA programs is mid-career professionals with a minimum of eight and a maximum of fifteen years of relevant work experience.	Traditional MBA programs, on the other hand, draw a wider range of applicants, including recent graduates and people with little work experience.
Class profile	A diverse range of accomplished professionals from various fields and backgrounds make up the EMBA classes. Through peer-to-peer knowledge sharing and networking, this diversity enhances the educational experience	On the other hand, traditional MBA classes might include a mix of recent graduates and working professionals with varying levels of experience.
Timetable and length	EMBA programs are made to fit the demanding schedules of working professionals. In order to minimize interference with work obligations, classes are typically held on weekends, in the evenings, or in intensive modules. Comparatively speaking, an EMBA program typically lasts 15 to 24 months as opposed to a full-time MBA, which frequently lasts two academic years.	The length of the course of a traditional MBA lasts two years.
Focus of the curriculum	EMBA programs place a strong emphasis on the application of business knowledge and leadership abilities. They typically focus on real-world case studies and executive-level decision-making while covering fundamental business disciplines like finance, marketing, strategy, and operations.
Opportunities for networking	EMBA programs offer outstanding chances for networking with seasoned professionals, many of whom hold leadership positions. Participants can strengthen relationships and widen their professional networks with peers from various industries and backgrounds in the cohort-based learning environment.	Similar networking opportunities are provided by traditional MBA programs, but the networking pool may be more varied in terms of experience levels and career stages.
Employer support	In order to invest in their employees' leadership development and retain talent, many businesses sponsor their staff members for an EMBA. Employers occasionally support EMBA participants with financial aid or flexible work schedules.	Even though they are also encouraged by employers, traditional MBA programs are more frequently chosen by people who want to advance personally or in their careers.

Q. What is an Executive MBA Program?

Ans. Taking care of the need for globalization of business, a large number of the World’s top EMBA programs are offered mutually by a couple of driving B-schools, normally across the landmasses. For example, the Financial Times ‘MBAMBA Rankings 2021’ positions HEC Paris International EMBA, Ceibs Global EMBA, and Kellogg-HKUST EMBA as the top three EMBA programs on the planet, while it positions PGPMAX at ISB Hyderabad as the top Executive MBA program in India. Other EMBA programs in India incorporate EPGP at IIM Bangalore, EMBA at IIM Kozhikode, and EMBA at Mahindra University.

MBAMBA or EMBA is a two-year program for business chiefs with five years or a greater amount of administrative experience. Applicants seeking EMBA are working in expert classes for that are generally directed over the course of the end of the week. It is one of the most famous post-graduate projects in India and abroad and goes about as an entryway to plenty of work and pioneering open doors. This course gives figure out connected with the organization of a business and deal with its business tasks. Students from any foundation, including Science, Commerce, and Humanities can seek an Executive MBA. Such students ought to likewise have abilities, for example, magnificent correspondence, administration, critical thinking, executives, research-arranged, insightful reasoning, eye for detail, objective situated and capacity to work under, areas of strength for tension abilities, and so on. MBAMBA is in many cases bestowed in part-time mode.

India is home to a portion of the top-of-the-line Executive MBA universities. These incorporate Indian Institute of Management (IIM Ahmedabad); Indian Institute of Management (IIM Calcutta); Faculty of Management Studies (FMS Delhi); Indian Institute of Management (IIM Indore); Indian Institute of Management (IIM), Kozhikode; Indian Institute of Foreign Trade (IIFT Delhi); Institute of Management Technology (IMT Ghaziabad); NMIMS School of Business Management, Mumbai; International Management Institute (IMI Delhi); Great Lakes Institute of Management, Chennai, and so forth.

Chief MBA in India can be a decent decision for working experts. In India, an Executive MBA degree is presented across different specializations. The absolute most noticeable ones are the following:

• Finance
• HR
• Deals and Marketing
• IT and Systems
• Activities
• Business Analytics
• Worldwide Business
• Inventory network
• Business
• Transport and Logistics

Qualification Criteria

The qualification measures for the Executive MBA course might vary from one school to another. Be that as it may, the fundamental qualification models to seek after an Executive MBA is as per the following:

Up-and-comers probably passed graduation in any discipline or comparable from a perceived college as the fundamental qualification rules for an Executive MBA.

A large portion of the establishments follows the base score measures in graduation which is 50% overall or the same. The vast majority of the establishments have no base removed marks for Executive MBA admission.

The up-and-comer should have somewhere around two years of work insight at the administrative or MBA level.

Aside from merit-based admission, many of highest level Executive MBA universities in India likewise acknowledge scores of public and state-level selection tests including GMAT, CAT, XAT, CMAT, MAT, ATMA, EMAT, GRE, MAH CET, NMAT, and so on, for MBA admissions.

Top 10 Executive MBA Programs in India

Here below is a compiled list of the Top 10 Executive MBA programs in India along with the Entrance Exam they accepted and the Minimum Work they require as an admission criteria. Have a look below:

Name of the Institute	Entrance Exam Accepted	Minimum Work Exp. (years) required
Indian Institute of Management (IIM), Bangalore	GMAT/ GRE	5
Indian Institute of Management (IIM), Ahmedabad	GMAT/ GRE	4
Indian Institute of Management (IIM), Calcutta	GMAT	5
Indian Institute of Management (IIM), Lucknow	GMAT/ CAT/ XAT/ GATE/PGP-WE Entrance Exam	3
Indian Institute of Management (IIM), Kozhikode	GMAT/ EMAT/ CAT	3
Indian Institute of Management (IIM), Indore	GMAT	5
Xavier School of Management (XLRI), Jamshedpur	GMAT/ XAT	5
Faculty of Management Studies (FMS), Delhi	General Ability Test	5
SP Jain School of Global Management	Aptitude Test	3
Management Development Institute (MDI), Gurgaon	GMAT/ CAT/ MDI test	3

Executive MBA Fees in India

Here is the list of Executive MBA fees in India of various top MBA colleges in the country. Kindly have a look below to analyze the fee structure of the variety of MBA colleges in India:

Name of the College	Average Fees
IIM Ahmedabad	30 Lakhs - 32 Lakhs
IIM Calcutta	29 Lakhs
IIM Bangalore	29 Lakhs
IIM Lucknow	26 Lakhs
IIM Indore	22.11 Lakhs
IIM Kozhikode	14 Lakhs
IIM Raipur	12.25 Lakhs
IIM Trichy	11.80 Lakhs

Q. What are the Study Options after an Executive MBA?

Ans. Executive MBA graduates can choose from multiple courses to pursue higher education or certification. The popular courses are mentioned below:

• Chartered Financial Analyst (CFA)
• Financial Risk Manager (FRM) Exam
• Certified Information Systems Auditor (CISA)
• Certification in Risk Management Assurance (CRMA)
• Certified in Production and Inventory Management (CPIM)
• Project Management Professional (PMP)
• Second MBA from an international business school

Executive MBA Placement Trends

With the growing demand for an Executive MBA, students can fetch excellent opportunities in both the public as well as private sectors. Executive MBA graduates are hired by all kinds of companies and business houses for profiles in senior management in domains like Finance, Marketing, Sales, Human Resources, IT, Digital Marketing, Business Analysis, Operations, Banking, Insurance, Consulting, etc. Those seeking job opportunities can be recruited for the profiles listed below:

• Finance Manager
• Marketing Manager
• Sales Manager
• Human Resources Manager
• Operations Manager
• Product Manager
• Data Analytics Manager
• Digital Marketing Manager
• Advertising Sales Manager
• NGO Manager

Some of the renowned companies, which participate in the campus placement process to hire Executive MBAs are:

• HCL
• Infosys
• Vedanta
• Trident Group
• Grey Orange
• KPMG
• Reliance Industries
• Larsen & Toubro (L&T)
• Cadbury
• Hindustan Unilever (HLL)
• UltraTech Cement
• Mahindra and Mahindra
• ITC Limited
• Tata Motor
• Godrej & Boyce Mfg. Co.
• Asian Paints

Top Recruiters for Executive MBA Graduates

Colleges	Placement Ratings (Based on Reviews)	Top Recruiters
IIM Calcutta	4.7	Dabur, Dell, Deloitte Consulting, Deutsche Bank, MU Sigma, NOKIA, NTPC, Oracle, UBS, Union Bank of India, Unisys India, Unitech, US Technologies, Viacom 18, Virgin Mobile India, Virtusa, Whirlpool, Wipro, WNS Global Services, Yes Bank
IIM Ahmedabad	4.6	AT Kearney, Accenture, Airtel, Amazon.com, American Express, Bain and Company, Barclays Capital, Citigroup, Cognizant, Deloitte Consulting, Deutsche Bank, Ericsson India, EXL Services, Flipkart, Genpact, Goldman Sachs, Google, Grofers, Hindustan Unilever, HSBC, Infosys, KPMG, Microsoft, Reckitt Benckiser
IIT Madras	4.6	American Express, BCG, Capgemini, Cisco Systems, Citi Corp, DE Shaw, General Electric, Goldman Sachs, Google, IBM, Intel, ITC, JP Morgan Chase, Mercedes Benz, Microsoft, Procter Gamble, Rolls Royce, Samsung, Shell, TATA
IIT Kharagpur	4.5	Accenture, American Express, BCG, Bosch Ltd, Capital One, Deloitte, Deutsche Bank, EXL Services, Facebook, Ford Motors, Goldman Sachs, IBM, Kepler Canon, KPMG, LinkedIn, Microsoft, Morgan Stanley, PWC, Samsung, UBS, VISA, ZS Associates
FMS Delhi	4.4	Accenture, Airtel, Amazon, Asian Paints, Axis Bank, BMW, Capgemini, Cipla, Coca-Cola, Deloitte, Flipkart, Google, HSBC, ICICI, Make My Trip, Paytm, Pepsi, Samsung, Standard Chartered, Tata Sky, Yes Bank

Frequently Asked Questions about Cheapest Executive MBA in India

Q. What are the different Specializations Offered by Executive MBA Colleges in India?

Ans. The top specializations offered at top Executive MBA Colleges in India are:

• Finance
• Human Resources
• Sales and Marketing
• IT and Systems
• Operations
• Business Analytics
• International Business
• Supply Chain
• Entrepreneurship
• Transport and Logistics

Q. Which is the Best EMBA College in India Based on Placements?

Ans. The top five EMBA colleges in India based on placements trends are:

• IIM Calcutta
• IIM Ahmedabad
• IIT Madras
• IIT Kharagpur
• FMS Delhi

Q. What are the Job Profiles Offered in India after Completing Executive MBA in India?

Ans.  Some of the job profiles offered by companies in India after completing an Executive MBA are:

• Finance Manager
• Marketing Manager
• Sales Manager
• Human Resources Manager
• Operations Manager
• Product Manager
• Data Analytics Manager
• Digital Marketing Manager
• Advertising Sales Manager
• NGO Manager

Q. What is the Estimated Fee for Studying for an Executive MBA in India?

Ans. It is estimated that pursuing an Executive MBA in India from top-rated colleges is expensive. Nearly 60% of the colleges in India have course/annual fees of more than Rs 5 lakh. Some of these colleges are:

• IIM Ahmedabad
• IIM Calcutta
• IIM Indore
• IIM Kozhikode
• IMT Ghaziabad 
• NMIMS School of Business Management, Mumbai

Q. Are there any Entrance Exams for Executive MBA in India?

Ans. Yes, there are various entrance exams accepted by top Executive MBA colleges in India such as GMAT, CAT, XAT, CMAT, MAT, ATMA, EMAT, GRE, MAH CET, NMAT, etc.

Q. What are the Study Options after Completing Executive MBA in India?

Ans. After completing an Executive MBA, the aspirants who want to go for higher studies or certification can pursue the following courses:

• Chartered Financial Analyst (CFA)
• Financial Risk Manager (FRM) Exam
• Certified Information Systems Auditor (CISA)
• Certification in Risk Management Assurance (CRMA)
• Certified in Production and Inventory Management (CPIM)
• Project Management Professional (PMP)
• Second MBA from an international business school