 "IIT Bombay to offer EMBA with Washington University in St Louis")
Washington University in St. Louis (WUSTL) and the Indian Institute of Technology Bombay (IIT Bombay) have announced a joint Executive MBA (EMBA) programme aimed at the international executive. An MoU on this was signed today by Prof. and Prof. Mark S. Wrighton, Chancellor, WUSTL.
Devang V. Khakhar, Director, IIT Bombay said that they have been employing a wonderful partnership with WUSTL for past several years and decided to further this relationship by collaborating in an area, where they felt there was a great need. "Olin Business School, WUSTL is the leader in the field and an EMBA programme with them will attract top professionals in Mumbai, while offering a possibility to connect with technology departments of IIT Bombay," he added.
The new programme is the first of its kind to confer an MBA degree from both an Indian and an American university and will be modeled after WUSTL's highly ranked Executive MBA in China and the United States.
In classes taught by world-class faculty from WUSTL's Olin Business School and IIT Bombay's Shailesh J. Mehta School of Management, executives will be given the knowledge and tools to immediately apply lessons learned to contemporary and emerging business challenges. The curriculum is rooted in leadership development and innovation, including theoretical and practical training, and intergrates local and cultural perspectives.
By engaging with this program, executives become part of a global network of the world's future leaders and policy makers. "This joint programme with IIT Bombay strengthens that network and provides an opportunity for innovative executives to make a real difference in their own countries in a direct and observable way," says Mahendra R. Gupta, Dean of Olin Business School, Washington University.
The Executive MBA programme is meant for professionals with a minimum of seven years work experience. Apart from teaching business fundamentals, it will address leadership, strategic management themes, growth and innovation. The pedagogy employed will encourage peer group learning through case discussions, group projects and other interactive methods, besides classroom instructions, simulations and guest lectures.
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"This programme will create the positive mindset of executives to orient themselves toward facing the challenges related to innovation, leadership and entrepreneurship," says Prof. S. Bhargava, Head, Shailesh J. Mehta School of Management, IIT Bombay.
The programme will be spread over a duration of 18 months, where classes will be offered four days per month in Mumbai and it will end with a two-week capstone experience at Washington University. The first session of the program will commence in early 2015.