Enrolment for the Executive MBA (EMBA) jointly offered by Shailesh J. Mehta School of Management (SJMSOM) at the Indian Institute of Technology in Bombay and Washington University in St. Louis Olin Business School has started for the 2016 batch.
The global Executive MBA (EMBA) course, launched in 2015, aims to bridge the gap between technology and management and to make the most out of the evolving Indian economy. The 18-month EMBA for working professionals is the first Indo-US venture of its kind.
IIT-Bombay is the only IIT in India to offer the 18-month program, targeting working professionals, mostly those at executive level in companies, who want to acquire an MBA degree while continuing to work. It is the only one in the world to confer a degree from both an Indian and an American University.
Of the 27 students in the inaugural batch that got underway in April 2015, three are CEOs. The course fee is Rs 36 lakhs. Towards the end of the course, the students get a chance to attend a two-week capstone experience in Washington University with the stay, food and US visa charges taken care of.
The program schedule has classes four days in a month from Thursday morning through Sunday evening. The classes are held at Taj Lands End, Bandra with participants and the faculty staying there during each 4-day residency. After 17 such residencies in Mumbai, they would go to Washington University in St. Louis for the Capstone project.
It is modelled on the lines of Washington University’s internationally recognized sister programs in the U.S. and China. The joint Executive MBA program with Fudan University in Shanghai is ranked No. 6 in the world by the Financial Times.
The world class faculty is drawn from Shailesh J. Mehta School of Management, IIT Bombay and Olin Business School.
The curriculum builds knowledge, global perspective, and tools the students could apply immediately to their business challenges. It also provides an opportunity for students to learn from and with high-achieving, collaborative cohorts with years of collective professional experience.
The inaugural cohort has very senior level professionals including heads of organizations and leaders of diverse functional disciplines. The average age of the inaugural batch is 40 years with an average work experience of 17 years.
This program has attracted participation from all over India including Bengaluru, Delhi, Hyderabad, Mumbai, Pune and Thiruvananthpuram in addition to one participant from the US.
The students are drawn from varied academic backgrounds such as engineering, commerce, arts, architecture, medicine and management. Some are already post-graduates. Their industrial background is in sectors such as energy, renewable energy, healthcare, aerospace and defence, railways, engineering, information technology, consulting, auto components, automotive, software, financial services and chemicals and other areas.