Top Executive MBA Colleges in India 2024

Over the past few years, there’s been a noticeable shift in India where more working professionals are eagerly signing up for Executive MBA in India programs. This surge in interest comes from seasoned employees aiming to sharpen their management skills and push their careers to new heights in their chosen sectors.

The beauty of an Executive MBA lies in its design – it’s specifically tailored to meet the individual needs of professionals, offering a learning experience that’s both adaptable and focused. This program stands out from traditional MBAs by fitting seamlessly into the hectic lives of full-time workers, allowing them to juggle their job duties alongside their pursuit of higher education.

By choosing to pursue an Executive MBA in India, professionals are setting themselves up to expand their strategic outlook, hone their leadership abilities, and enhance their standing within their companies.  

What is an Executive MBA?   

Established in 1943 by the University of Chicago, Booth School of Business, the Executive MBA (EMBA) is a specialized program designed for working professionals. The primary objective of an executive MBA is to enhance the managerial and leadership skills of existing working professionals.  

Generally, a 2-year degree course, the EMBA mandatorily needs working experience to be eligible. One of the main benefits of an executive MBA course is the exchange of ideas among different working professionals, thus increasing the students’ problem-solving skills.  

Completing an executive MBA in India offers a wide range of benefits such as professional network building, career development, and mentorship to advance the careers of the students.  

Advantages of Executive MBA in India  

In this era of globalization, an executive MBA is very beneficial for working professionals to navigate through the intricacies of the business world.  

Some of the benefits of doing an executive MBA from Indian colleges are: 

• Advancement of Career 

One of the most basic yet important advantages of doing an executive degree is the immense career development opportunities it provides. If you are a working professional at a fairly high level, you will get to know various managerial ideas and skills for better handling of your role and responsibilities.   

• Increased Networking 

Pursuing MBA from top executive colleges in India helps students to expand their professional network. Top B-schools in India attract professionals from all over the country, thus creating an atmosphere of knowledge from diverse backgrounds.  

You as a working professional can connect with your peers, alumni, and faculty to forge new business relations and promotional aspects.  

• Flexibility 

Another important aspect of an Executive MBA is its flexible class scheduling options. Most EMBA programmes in India are conducted on the weekends and evenings to help accommodate the work-life balance of the professionals. If you are looking for an executive course that will take less than a year, without neglecting your professional life and 41% salary hike, get your Advanced General Management Program from IMT Ghaziabad today. 

Thus, you can continue developing your skills without taking any career breaks or leaves from your company. As an additional benefit, you can continue your studies without stopping the steady flow of salary.  

• Global Exposure 

Almost all MBA colleges offering executive MBA in India and internationally accept students / professionals from all around the world. Some top-tier colleges even offer study tours and international collaborations to ensure that their students get an idea about international business practices and markets.  

You, as a working professional, can gain insight into the international markets and ongoing trends while examining the interconnected global economy. This helps you in developing a global mindset which in turn will always benefit you personally and your company.  

• Practicality

EMBAs in India are designed to be extremely practical, to the point, and relevant for working professionals only. Unlike the MBA degree dedicated for graduates, an executive MBA in India integrates real-world problems and solutions into its curriculum. 

If you are continuing your job while pursuing the EMBA, you can implement various skills and knowledge you get in real time. This practical and real-world integration of knowledge makes executive MBA degree holders more adept in handling and solving complex issues in the modern business market.  

Top 5 Executive MBA Colleges in India – Full-Time Residential Executive MBA Programs  

If you are planning to start your MBA journey, you can choose a wide range of colleges based on their faculty, median salary, course fees, average package and more. Some of the premier B-schools for executive MBA are IIMs and ISB, whereas the cheapest executive MBA in India in terms of return on investment is offered by the University of Delhi at a total course fee of ₹1,02,000. 

The top 5 B-schools for an executive MBA in India are:

1. Indian Institute of Management, Ahmedabad

• Course name: Post Graduate Programme in Management for Executives (MBA-PGPX) 
• Course Details: The course curriculum includes an International Immersion Programme (IIP) where students gain exposure to the international business scenario by visiting various international universities. The program is designed for executives and has a full-time residential program of 1 year.  
• Admission Criteria: To be eligible for the PGPX programme, you must hold a Bachelor’s Degree or an equivalent in any discipline, with a minimum of 15 years of study as per the education system in India (i.e. 10 + 2 + 3 or 4, as the case may be). Additionally, you must be at least 25 years of age, as of 31st March of the year, when the programme commences, with no upper age limit. A valid GMAT/GRE score is also required, with scores valid for five years from the date of the application deadline of the round in which you are applying. Finally, you should have a minimum of four years of full-time work experience after graduation.  
• Course Fees: SSH (Single Accommodation) costs INR 33 lakhs and MSH (Married Student Housing) costs 35 Lakhs. The International Immersion Programme (IIP) is available at an additional cost, excluding travel and stay expenses. 
• Placement: As of 2023, the highest package was 1.08 crore per annum with the average package being 35.68 LPA, median package of 33.05 LPA and lowest package of 18 LPA.  

2. Indian Institute of Management, Calcutta 

• Course name: Post-Graduate Programme in Management for Executives MBAEx 
• Course Details: The IIM Calcutta Post-Graduate Programme in Management for Executives or MBAEx is a full-time, one-year program. 
• Admission Criteria: You need to have a bachelor’s degree (minimum 10+2+3 years of formal education) or equivalent in any discipline. Moreover, candidates must have accumulated at least five years of full-time managerial or professional experience after completing their qualifications by March of the relevant year. Additionally, a valid GMAT Score obtained within the last 36 months of the application date is necessary. 
• Course Fees: The fee for the academic year 2024-25 program is ₹31,00,000/- or equivalent USD, payable in four installments. This includes tuition fees, books, course material, accommodation, economy airfare, and some incidental expenses of the immersion program. Expenses related to electricity, food, and personal items are not covered and will need to be covered by you.  
• Placement: As of 2023, the highest package was 1.25 crore per annum with the average package being 26.98 LPA and a median package of 23 LPA.  

3. Indian School of Management, Mumbai, Maharashtra 

• Course name: Post Graduate Programme in Management for Senior Executives PGPMAX 
• Course Details: The PGPMAX program offered by ISB is a 15-month executive MBA designed for experienced professionals and business owners/entrepreneurs with more than 15 years of work experience.  
• Admission Criteria: To apply for the programme, you need a bachelor’s degree or equivalent qualification. The Admission Committee will determine if your qualification is equivalent, which may include CA, ICWA, etc. You should have a minimum of 15+ years of full-time work experience post-bachelor’s degree as of the programme start date. You must submit a letter of consent from your current employer during the application process or once admission has been secured. 
• Course Fees: Around ₹41,78,000 excluding taxes. The course fee includes tuition fees, course material, and residential charges for most days. 
• Placement: The average salary for the 2023 batch was 34.21 LPA. 

4. SP Jain School of Global Management 

• Course name: SP Jain Executive MBA (EMBA) 
• Course Details: An 18-month part-time online MBA program through Engaged Learning Online (ELO) technology. 
• Admission Criteria: To apply for this programme, you must have a Bachelor’s degree or equivalent qualification in any discipline. If you are a diploma holder with ten years of experience, you may also apply. You should also have a minimum of five years of work experience after graduation and a consistent academic record with at least 50% marks at graduation. 
• Course Fees: Total fees of ₹14,86,800 which can be paid in equal monthly installments of ₹76,044 or lump-sum during the time of admission.  
• Placement: As of 2022, the average placement was around 25.89 LPA 

5. Symbiosis Institute of Business Management, Pune 

• Course name: SIBM MBA (Executive) 
• Course Details: SIBM Pune offers 2-year weekend programs (Sat & Sun) with specializations in Marketing, Finance, Operations & Supply Chain, and Analytics & Information Technology at its Lavale campus. 
• Admission Criteria: To be eligible for MBA (Executive) admission, you need to have a minimum of 50% marks in graduation from a recognized university/institution of national importance. For SC/ST candidates, the minimum percentage required is 45%. Distance education graduation must be approved or recognized by either the UGC or AICTE to be considered. Additionally, a minimum of one year of full-time work experience is required. Selection criteria include personal interviews. 
• Course Fees: Total course fee is around ₹6,93,000 payable in 4 equal installments of ₹1,73,250. 
• Placement: As of 2021, the average package of an executive MBA candidate was around 23.06 LPA, with the median and highest being 20.80 LPA and 45.50 respectively.  

Top Executive MBA Colleges in India – Non-Residential Executive MBA Programs

1. IIT Bombay – Washington University Executive MBA 

• Course name: IIT Bombay – Washington University in St. Louis Joint Degree Executive MBA Program.  
• Course Details: Considered as one of the best executive MBAs in India, the ‘Modular General Management Program’ is designed for professionals who want to transition from domain expertise to a leadership role. The program spans 18 months and offers convenient class structures, with classes held for four consecutive days every month from Thursday to Sunday. The program includes a total of 17 Residency Teaching Modules in India and 3 in Washington, D.C. & St. Louis. 
• Admission Criteria: You must hold a Bachelor’s degree from a UGC-recognized university. You should also have 7+ years of work experience, including 5 years of managerial experience, and strong English language skills. 
• Course Fees: 42 Lakhs 
• Placement: The average package a student gets after getting placed from this college is 19.8 LPA.   

2. Indian School of Business (ISB) 

• Course name: PGPMAX 
• Course Details: The Post Graduate Programme in Management for Senior Executives (PGPMAX) is a specialized course designed for busy Senior Managers who cannot pursue a full-time MBA programme because of their work schedules. The program spans 15 months, with classes convening for one week every five weeks. Participants must travel to the ISB campus in Hyderabad or Mohali, depending on the class schedule for that module (week). Once admitted to the programme, participants start the preparatory courses. The course consists of ten modules in India and two modules in international immersion. 
• Admission Criteria: You must be an experienced professional or a business owner with over 15 years of work experience 
• Course Fees: 41.78 Lakhs (plus taxes) 
• Placement: For the 2022 MBA graduates from ISB, the yearly compensation package averaged at approximately 34.07 lakh Indian Rupees. 

3. XLRI – Xavier School of Management 

• Course name: Postgraduate Certificate in Business Management (PGCBM) 
• Course Details:  The programme is a hybrid consisting of five days of on-campus sessions at XLRI Jamshedpur over 12 months.  
• Admission Criteria: You must be a graduate (10+2+3) with over 2 years of working experience.  
• Course Fees: 4 Lakhs 
• Placements: At XLRI Jamshedpur, the annual compensation for graduates saw a notable rise in 2022, climbing to an average of 32.7 lakh per annum from the previous 30.7 lakh, marking a commendable increase in earnings for its alumni. 

4. Narsee Monjee Institute of Management Studies (NMIMS) 

• Course name: Executive MBA 
• Course Details: This program is AICTE-approved and offered in ODL mode. It provides a broader view of business and equips you with innovative solutions to unstructured problems. You can choose from 5 specialization tracks, including Marketing, Leadership and Strategy, Operations & Supply Chain, Digital Marketing and Applied Finance. The program helps you develop cross-functional skills and understand the selected functional area in-depth. The Capstone Business Simulation Project in Term 6 enables you to apply concepts and techniques. 
• Admission Criteria: You must have a bachelor’s degree with a minimum of 55% and a minimum of 3 years of working experience or 2 years of experience if completed post-graduation.  
• Course Fees: 4.75 Lakhs 
• Placement: The average package a student gets after getting placed from this college is 18.91 LPA. 

Nowadays, there are a few MBA Online Courses available that provide an executive degree to professionals.  

Full-Time MBA vs Executive MBA  

Although both full-time and executive MBAs are designed to increase the managerial acumen of students, some of the basic differences between them are: 

Course Curriculum 

Full-time MBAs focus on developing a wide range of business-related disciples among the students. Students get comprehensive knowledge of all business-related topics starting from finance to marketing and strategy. This enables students to choose from the diverse range of opportunities available to start their corporate career. An executive MBA in India focuses on a single topic and implements various skill development courses to increase the decision-making, and organizational strategy of the professional. The course curriculum for EMBAs in India address the different challenges faced by companies and try to increase the problem-solving skills with case studies and real-world examples.  

Program Structure 

A full time MBA degree is primarily aimed towards fresher graduates to increase their business knowledge and gain more career enhancing prospects. Normally, MBAs in India are a rigorous 2-year degree wherein a student gets an overall knowledge of how business functions in the open market. Executive MBAs are designed for working professionals and hence classes are held in hybrid mode or in the evening. This helps professionals develop the necessary skills without hampering their work commitments.  

Career Implications 

A full-time MBA degree trains students with the necessary skills and knowledge to gain entry to different sectors of business. On the other hand, executive MBA colleges in India help you gain valuable insights and skills that can fast-track your corporate career into new heights. The practical training and knowledge a working professional gets while doing their EMBA, empowers them to implement various strategic insights within their work and increase efficiency.  

Future Trends in Executive MBA Programs  

Some of the future trends that can be integrated into executive MBA courses are: 

• Customization and Flexibility 

One of the key trends that will shape the future of EMBA programs is customization and flexibility. With modular formats, tailored concentrations, and elective courses, participants will be able to personalize their learning experience according to their career goals, industry trends, and areas of interest. This level of flexibility ensures that executives can acquire the skills and knowledge that are relevant to their professional aspirations. 

One of the best-reviewed executive courses you can pursue online with the best ROI is MBA from O.P.Jindal Global University. 

• Integration of Technology 

Another important trend is the integration of technology. As digital transformation continues to reshape industries and business operations, EMBA programs will increasingly incorporate technology into their curriculum. Virtual classrooms, online simulations, and interactive learning platforms will enhance accessibility, collaboration, and engagement among executives.  

• Embracing Sustainable Business Practices 

Moreover, sustainability and corporate social responsibility (CSR) will become integral components of MBA programs in the future. As ethical leadership and sustainable business practices are gaining more attention, curricular modules on sustainability, environmental stewardship, and social impact will equip you with the tools to integrate sustainability into business strategies and decision-making processes. Experiential learning projects focused on addressing global challenges such as climate change, poverty alleviation, and social inequality will empower you to drive positive change in society. 

Conclusion  

If you are a mid-career professional who aspires to climb the ladder of success, pursuing an Executive MBA in India can offer you a plethora of benefits. These programs provide career advancement opportunities, enhanced leadership skills, expanded professional networks, and practical relevance. Additionally, if you are not interested in taking a career break, you can opt for an MBA (Global) from Deakin Business School.  

Executive MBAs in India continue to evolve in response to changing business landscapes, technological advancements, and shifting demographics. As organizations seek leaders equipped with specialized skills to navigate complex challenges, EMBA programs must adapt to meet the evolving needs of executives.