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IIM Executive Programs For Working Professionals Universities
Updated at : April 10, 2024
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At some point in your career, you must have felt compelled to update your skills with the newest tools and technologies as a business professional. You can make up for this and advance in your career with the support of a management program in any specialty. However, many restrictions do not let you leave your current position to enroll in a regular management program. Well, this global issue has been resolved and is issued as a course in the market by top management institutions in India, IIMs, in the name of "IIM Executive Courses for Working Professionals."
IIMs have a reputation for offering top-notch business education. Following challenges faced by working professionals, the institutions have developed a variety of management courses tailored specifically for them. The IIM executive management courses are provided in a blended format that combines online instruction with faculty, lecture recordings, digital study guides, and the opportunity for 2-4 days of on-campus immersion.
These programs go by different names at various institutions. The Executive Development Program (EDP), Post-Graduate Programme in Management for Executives (PGPx), Executive Post Graduate Programme (EPGP), Post Graduate Programme (PGP), and many more are a few of the well-known ones. These courses, which last one to two years, force you to finish your program sooner than with a traditional IIM MBA program while continuing your job.
Coming to the affordability of these programs, when compared to the IIM on-campus MBA, the fee package is fairly inexpensive. Furthermore, you are well-addressed for your professional background in the industry through these executive management courses. Additionally, applying to these courses does not require you to have a high CAT score. These programs follow a direct admission model but some IIMs may require you to take a relatively easy aptitude test for it.
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The precise titles of the courses taught in this program may vary depending on the institution you choose. Nonetheless, the basic cause to improve leaders' business acumen across the board is still the same. To provide you with an idea of the course structure, the topics covered in the IIM Raipur's Executive Post Graduate Programme in Management are given below:
Term I |
Term II |
|
|
Term III |
Term IV |
|
|
Term V |
Term VI |
5 Elective Subjects |
Another 5 Elective Subjects |
Mini-term |
|
|
Note: You will need to choose 5 electives each for terms V and VI from the list of electives provided before the start of term V by the institution.
Depending on which IIM you choose, the minimum requirements for enrollment in the blended executive MBA program may vary. Listed below are a few of the prerequisites to give you an idea of what is required.
Note: A few IIMs require specific subjects to be among the major ones in 10+2 or graduation, like statistics and mathematics. Thus, it is advised to carefully consider your institution’s requirements and make sure everything is in order before enrolling.
The duration of the executive programs offered at the IIMs ranges from 12 to 24 months. You will have round-the-clock access to digital study materials through the learning management system (LMS) of your chosen university. During this time, a three- to four-day optional workshop at the institution's campus will also be covered. This will provide an authentic university experience through online learning.
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The executive management programs offered by IIM are priced between 5 and 15 lakhs INR. The IIM you choose will determine the exact course fee. The fee range mentioned here is very affordable in comparison to the regular IIM MBA courses. At the beginning of each term or semester, you have the option to pay the balance in installments. Consequently, these executive programs lower the cost of your higher education while also allowing you to study on a flexible schedule. Another important point to keep in mind is that in addition to the course fee, separate payment of the GST charges is required at the admission time.
Indian Institutes of Management (IIMs) have designed a multi-step admission process for applicants to enroll in their executive programs. To begin with the procedure, you need to register on the official website of the IIM of your choice if you meet the requirements listed on its eligibility list. This will make the online application form accessible once you log in with your registered ID and password. After filling out all the required fields and attaching scanned copies of pertinent documents (like academic certifications/marksheets, professional certifications, and CAT/GMAT results), apply.
Once your application and supporting materials have been submitted, you will need to appear for either the entrance exam or an in-person interview if one is required at the IIM of your choice. The final step will be the fee payment step just like in other programs. After receiving the admission confirmation letter from the institution, you need to pay the booking amount mentioned in it to reserve your seat in the upcoming batch of the program.
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One of the greatest options if you work in the corporate world and want to advance to a professional level in your field is to pursue an executive program from IIM. On enrolling in these programs, you can get EMI plans and education loans to facilitate your learning process. This way you can more effectively manage your spending and complete your program without realizing any financial burden. As a result, you can enjoy your learning journey without having to worry too much about course fees.
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If you are someone who is stuck between a 9 to 5 job and is eagerly waiting for an opportunity to upgrade yourself while staying in your job, you have one now in the name of “IIM Executive Programs for Working Professionals.” These are specially designed courses that are introduced by the top management institutions in India to fulfill the needs of the Indian workforce in the business domain.
Executive courses of IIMs are designed by experts in the field to help working professionals keep up with the new advancements in the field. The updated course curriculum, digital learning facilitations like online sessions, recorded lectures, 24*7 available digital academic resources, and an IIM certification at the end of the program are some of the features of these programs that can make you achieve your career goals at a faster pace.
In the past few years, there has been an increasing demand in the market for managerial skill-set-equipped professionals. This demand of the industry can be easily fulfilled at a global level with an IIM Executive Program. The reputation of IIMs in top-rated organizations is quite notable and can be taken as an advantage in navigating promising career opportunities. These programs not only help you in settling at your desired firm in India but can even make you explore the international job market.
In addition to the academic facilitations and career prospects, these IIM programs offer you great affordability and let you complete your course in 1-2 years. Thus, there is a possibility that you end up completing your program in less time than that of a regular MBA course while continuing your job. All of the above-mentioned features make the IIM executive courses worth pursuing.
College Vidya Advantages
Adding the name of an IIM to your resume is very advantageous for the long-term growth of your career. The reason behind this is not only limited to top-notch management education but is also due to the number of solid professional relationships these institutions hold within the industry.
Completing an executive course from IIM will force you to investigate nearly every industry sector. The sophisticated business tools and management techniques you acquire in these courses will assist you in landing the job you want at a reputable company.
A few job titles with their average pay scale that you can explore on completing an executive program from IIM are listed below.
Job Profiles |
Average Annual Salary (INR) |
Chief Executive Officer |
30 LPA |
HR Director |
29 LPA |
Marketing Director |
26 LPA |
Product Development Manager |
15 LPA |
Chief Operating Officer |
14 LPA |
Chief Financial Official |
13 LPA |
Project Manager |
13 LPA |
Infrasctruture Manager |
11 LPA |
International Business Manager |
10 LPA |
Operations Manager |
7.8 LPA |
In addition to giving you industry recognition on a global scale, the IIM executive courses enable you to secure a respectable pay package at any point in your career. The leading multinational corporations actively hire executives who possess an IIM certification. Moreover, IIM-certified professionals are routinely assigned to managerial positions in various departments of even reputed Indian organizations. Joining a top company or a brand name can be very beneficial to your professional development and can help you advance to new heights.
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Accenture
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Nestle
Ranbaxy
Tata Motors
Vivo
IIM Executive Programs for Working Professionals are specially curated management courses for working executives. They cover all the recent developments in the management field and provide you with intensive tool training required in the business field.
IIMs offer executive courses of different durations ranging between 1-2 years. So, there is a possibility of you completing your management program from IIM in just 1 year.
The minimum fee that you spend on an IIM Executive Course is 5 Lakhs INR and it can go up to a maximum fee of 20 Lakhs INR.
As per a report, around 39% of professionals who have completed their IIM Executive Program have been promoted to managerial positions with a decent salary hike. Thus, the scope of these IIM programs is quite promising for professionals.
The minimum package that you are offered upon completion of an IIM Executive Course is around 8 LPA. This may vary based on your experience and the recruiting firm.
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