Management is needed everywhere, no matter which field and the industry you are working in or employed as it is the backbone of every industry. Today, in the educational and technological era, there are numerous courses available for the management. Still, the most common is the MBA and EMBA while you might get confused between MBA and EMBA since there are lots of differences and common between these two.
Management courses like MBA and EMBA can help you to increase your employability and managerial skills. Well, in this article we will learn and discuss the differences and variations between MBA (Master of Business Administration) and EMBA (Executive Master of Business Management) so that you can make sure to recognize the varieties to choose the best career option for yourself.
MBA and EMBA are the most popular and demanding course in all over the world, and the hundreds of colleges and universities around the globe provide licensed to offer full-time MBA and EMBA programmes to the students needing to move up the company ladder and develop their skills. With these programmes, people are equipped with leadership skills and business information to accelerate their skilled journey.
An EMBA is usually mistaken as a better type of the full-time MBA once, in reality, each programme is an effectively identical degree, delivered in several formats to fulfil the requirements of the scholars they severally serve. EMBA programmes conjointly permit students to enhance their essential thinking and problem-solving skills, that are crucial as businesses face new challenges like skills gaps, globalization, economic uncertainty and rising prices of labour and materials.
Ultimately, the choice associate Executive Master in Business Administration (EMBA) programme or regular Master in Business Administration (MBA) programme depends on where the individual is in their career. If they’re in their mid-20s with one or two of years of work experience, they are a candidate for a regular MBA programme; if they have real work experience, usually together as well as some management experience, the associate EMBA programme is that the right path for them. Don’t miss the article on starting an import and export business or startup in India
Admission Process for MBA and EMBA:
Taking admission in MBA college, you need to clear the CAT exam. It is not necessary to give the CAT exam, but if you want to take admission in a right college, then you have to clear CAT exam whereas for the admission in EMBA mostly you need not give any exam.
What are the career options are available after MBA and Executive MBA?
After the Master of Business Administration (MBA), can join any industry specialised in Marketing, Finance, Operations, Human Resource, International Business, and IT. There are many typical jobs roles available in the market for Master in Business Administration, which further includes Business Manager, Human Resource Specialist, Accounts government, and packaging Specialists.
Executive MBA is almost like the Master in Business Administration programme, which is available in market specialised in areas like promoting, financing, accounting, and care. These concentrations permit you to organize for a career as a promoting director, associate investment manager, a company chief financial officer, associate insurance estimator or alternative professions. You might also be interested in knowing about The Life of a Successful Freelancer in Indian and global context.
What is the eligibility for MBA and Executive MBA?
Eligibility for MBA- The candidates should have any graduate degree with a minimum of 50% marks in total, from any recognized university in India or from abroad.
Eligibility for Executive MBA- The candidates should have any graduate degree with a minimum of 50% marks in total, from a recognized university. The candidate should have a minimum of 2 years of work experience at any public or private sector firm.
The best colleges for MBA and EMBA in India are:
- Indian Institute of Management, Ahmedabad
- Indian Institute of Management, Bangalore
- Indian Institute of Management, Calcutta
- Xavier School of Management, Jamshedpur
- Indian Institute of Management, Lucknow
- Indian Institute of Management, Indore
- Indian Institute of Management, Kozhikode
- Management Development Institute, Gurugram
- S.P. Jain Institute of Management and Research, Mumbai
- Indian School of Business, Hyderabad
Govt and Private MBA or EMBA colleges with the lowest fee are:
- Faculty of Management Studies (FMS) Delhi
- Madras Christian College, Madras
- Aligarh Muslim University, Aligarh
- Department of Management Studies, Anna University, Tamil Nadu, Chennai
- University Business School, Punjab University, Chandigarh
- Delhi School of Economics, Delhi University
- Guru Gobind Singh Indraprastha University, Delhi
- Jawaharlal Nehru University
- Bangalore University
- Banaras Hindu University
The specialisation of the Syllabus for MBA are:
- HR management
- Business planning
- Finance management
- Principles of management
- Business laws
- Communication skills
- Business Communication
- Computer Application
- Organizational behaviour
- Retail management
- Project work
- Business environment
The specialisation of the Syllabus for EMBA are:
- Principles of Management and Organizational Behaviour
- Managerial Economics
- Accounting and Finance for Managers
- Marketing Management
- Human Resource Management
- Corporate Communication
- Operations Management
- Production and Operations Management
- Executive Communication
- Management Information Systems
- International Business
- Events Management
- Microfinance: Perspectives and Operations
- Business Environment and Ethics
- Strategic Management
Which course is best to do MBA or EMBA?
Regular Master in Business Administration contains a rigid curriculum and calendar, but an Executive Master in Business Administration is usually believed to a possess updated syllabus.
2. Average Age
Sometimes in India, the average age to do regular MBA is around 23-24. Some even have it away at 27 plus. But for an EMBA the most common age is typically 26-30 years with a few of the candidates having the age of 35 plus.
3. Placement and batch size
EMBA candidates with a high degree of expertise during a specific domain, they find obtaining a lot of package than a regular Master in Business. Batch size at a regular MBA is quite larger than EMBA because of more demand.
4. Degree of competition – The degree of competition is incredibly less in EMBA than a regular MBA.
5. Price concerned – Sometimes EMBA despite for a shorter time, is costlier than a regular Master in Business.
We cannot compare each of them on the same plane as the solution lies in your situation. If you’re graduate and have four years of work expertise during an explicit domain like promoting, HR, Operations and you’re at a middle level of assistant level job with restricted authority over your work, and you are earning beneath 10 LPA, then EMBA will do wonders for you. It will offer you the jump you wish in your career in the job role, pay package and even work authority.
If you’re a recent graduate with beneath three years of work expertise and need to vary your job role or feel no stability in your job, then take time to clear the stage and choose a regular MBA, to induce a holistic summary of management and acquire boosted for your new company journey.