Executive MBA Cost – Finance Your MBA While Working
Executive MBAs are one of the most popular and competitive courses today for the working professionals. The process for admission in the executive MBA courses is not very different from the regular courses. The only difference is that in the executive MBA the intake of students is very less as compared to the regular courses. This is because the course is design specifically to meet the needs of the working professionals and focus only on certain specialisations.
Eligibility Criteria and Executive MBA Cost
The fees and course structure varies according to specialisations. The eligibility criteria for most of the colleges are a graduate degree or any equivalent from a recognised university of the country. The lower age limit is mostly between 25-28 years and they require a minimum of 5-10 years’ work experience. The executive MBA cost is higher than a regular MBA degree and its duration is also less. The cost depends upon the teaching mode. Some of the courses are residential while others are non-residential.
Executive MBA Cost | Image Resource : mbadream.in
The residential courses are the ones which require a student to stay in the campus and attend regular classes. The fees for the residential courses of executive MBA are more than the non-residential courses. The executive MBA eligibility is a valid CAT score or a GMAT score. These tests should be taken by the applicant before applying for an executive MBA at a good college in the country. Once the students are shortlisted they called for a round of group discussions and personal interview.
The non-residential course has a teaching mode which is e-learning enabling the students to attend the lectures online. The classes of most of the institutes are held real time. They require normally a 6 hour class every week and visit to the campus for 10 days in a year. There are many corporate companies which have a tie up with these institutes to provide managerial knowledge to their employees. Companies in the finance, IT and BPO sector send their employees from time to time to these institutes for pursuing an executive MBA.
The cost of the MBA is borne by the company mostly but many times the cost is also paid by the employees. Unemployed people cannot apply for executive MBA at any college. The trend of pursuing an executive MBA has become quite popular in the country as graduates in commerce, engineering and sciences are getting placed in top IT and BPO companies located all over the country.
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