A comprehensive analysis of prominent Executive MBA programs in Mumbai revealed the Top five regulated Indian B-Schools providing face to face executive education with graduated batches in Mumbai. These programs were compared and ranked on key parameters like location, convenience, curriculum, mode of learning, duration, fees, accreditations and degrees offered to determine the quality of courses offered. Executives prefer global programs, convenience, cost and the ability to concurrently add value to their company. This is validated by the GMAC Executive MBA Alumni survey in 2017, whereby 46% of the graduates had salary increases within 12 months of graduating and 48% of the graduates received a promotion within 12 months of pursuing the Executive MBA.
Executive MBA | B-School analysis and ranking | Mumbai
Ranking | 1st | 2nd | 3rd | 4th | 5th |
Parameters | |||||
Global alliance and curriculum | UBS (Cardiff Met. Univ., UK; Swiss School of Management, Italy) | SPJIMR (ESB Business School, Germany) | |||
Global board / Corporate backing | SPJIMR | UBS | NMIMS | ||
Global accreditations | IIM-Indore (AMBA) | SPJIMR (AMBA) | UBS (QAA, IACBE, EdQua) | ||
Location convenience | UBS (Sion, Thane, Malad & Vashi) | SPJIMR (Andheri) | NMIMS (Ville Parle) | JBIMS (Churchgate) | IIM-Indore (Panvel) |
Course duration (Fast to Slow) | UBS (12 months) | SPJIMR (21 months) | IIM-Indore (24 months) | NMIMS (24 months) | JBIMS (36 months) |
Frequency of lectures (Days/month) | IIM Indore 4 (Alternate Saturdays & Sundays) | UBS 4 (Sundays only) | NMIMS 12 (3 days a week) | JBIMS 12 to 16 (3/4 days a week) | SPJIMR 9 days / quarter (consecutive) |
Degree / Certification | UBS (Global MBA Degree) | JBIMS (MMS Degree) | NMIMS (EMBA Degree) | IIM-Indore (PGPMX) | SPJIMR (PGEMP) |
Fees (Low to High) | JBIMS (1,53,000/-) | UBS (4,48,000/-) | NMIMS (5,00,000/-) | SPJIMR (8,85,000/-) | IIM-Indore (17,70,000/-) |
In India we have different ways of learning viz; full time, part time (classroom), blended learning (classroom and online), online learning and distance learning. With the recent updates from UGC the degrees obtained through Open University online exams are no more valid. As per GMAC, Face2Face classroom learning emerged by far the leader in Executive MBA programs and is recognized by Industry world-wide.
Global alliance and curriculum
SPJIMR offers a global curriculum from ESB Business School, Germany. Universal Business School (UBS) offers a global curriculum from Cardiff Met University, UK and Swiss School of Management, Italy with International immersion.
Global board and corporate backing
SPJIMR leads with extensive corporate backing. UBS is endorsed by 60 global CEO's and became the first AICTE approved Indian B-School to offer an International MBA Degree.
Global accreditations
As many of the students are now looking to equip themselves with International Degree / Pedagogy of learning, it's equally important to have the recognition from the global accreditation bodies. In this league, we have IIM – Indore and SPJIMR that are accredited by AMBA. UBS programs have multiple accreditations from QAA (Quality Assurance Agency), UK; IACBE, USA and EdQua, Switzerland.
Location convenience
Location has long been touted as an important competitive factor in education industry. As Exec. MBA is specifically designed for working professionals, who can devote time only on weekends. It's a matter of paramount importance to be located near to their residences. Most institutes offer only one location like SPJIMR, JBIMS or NMIMS. UBS offers four convenient locations at Sion, Thane, Malad and Navi Mumbai.
Course duration
Time is Money. Institutes are now turning the global way and adopting the 12 months accelerated Exec. MBA, moving away from the traditional longer duration Exec. MBA. UBS is offering a 12 month Exec. MBA.
Frequency of lectures
The most convenient are IIM Indore and UBS with lectures on weekends and the least convenient is SPJIMR wherein the student needs to take 9 days consecutive leave per quarter which could be difficult in some companies.
Degree / Certification offered
A MBA Degree is recognized world-wide. JBIMS, NMIMS and UBS are the only institutes offering an Masters Degree, whereas other institutes offer Post Graduate Programs in Management for executives.
Fees
This is the most crucial and deciding factor for any student who wants to pursue an Executive MBA. The most expensive is IIM-Indore, whilst the most economical is JBIMS offering a 3 years program.