Senior industry executives looking to "broaden their perspective" and "leadership qualities" can now do so at the premier Indian School of Business -- by paying a whopping Rs.2.5 million for a 60-day course spread over 15 months.
"We are launching the executive MBA (EMBA) for senior executives with 10 to 25 years of experience. The course will be world class and the fee is Rs.2.5 million plus travel expenses," Ajit Rangnekar, dean of the Hyderabad-based ISB announced here Thursday.
The classes will be held for six days every one and half months. Thus, this part-time EMBA will spread over a period of 15 months. Rangnekar claimed the course is first of its kind in the country.
During the 15-month period, students will spend one week each in the campus of Wharton School of the University of Pennsylvania and Kellogg School of Management -- two premier management institutions in the world.
"Consistent feedback from industry leaders have revealed the need for developing a leadership pipeline, and this has been the driving force for us to create the ambitious programme. I am confident that it will break new ground in management education in India," said Deepak Chandra, associate dean of ISB.
"The course has been developed by incorporating EMBA best practices in Kellogg and Wharton. Senior faculties of Wharton, Kellogg and ISB will teach these senior executives," he added.
Asked if the course fee is too high, Rangnekar said: "We don't think it is expensive. We believe, we give it in a throwaway price. Internationally such courses are very expensive."
"See, a senior executive won't have to take leave. So, he or she will continue to earn the salary while pursuing the course. Six days of class in every six weeks won't be problem for such senior executives," he added.
Sanjay Singh, head of this EMBA programme, said they are looking for a batch of 60 students from the coming academic session. "The batch size will be 60. We are also open to foreigners joining the course."