Devang Khakhar, PhD (second from left), director of the Indian Institute of Technology Bombay, shakes hands with Chancellor Mark S. Wrighton of Washington University in St. Louis following the signing of the formal announcement June 30 of a new joint EMBA program between the two institutions. Looking on are Mahendra R. Gupta, PhD (far left), dean of Olin Business School at WUSTL, and Shivganesh Bhargava, PhD (far right), head of Shailesh J. Mehta School of Management at Indian Institute of Technology Bombay.
Building on a strong partnership forged through years of cooperation on issues ranging from global energy and sustainability to leadership and academics, Washington University in St. Louis (WUSTL) and the Indian Institute of Technology Bombay (IIT Bombay) have announced a joint Executive MBA program aimed at the international executive.
The new program 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. The Financial Times recently ranked the WUSTL-Fudan University Executive MBA program No. 6 in the world.
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 integrates 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 program 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 program 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.
“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 program 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 2015.
Washington University and IIT Bombay have worked together since 2009. The institutions are members of the McDonnell Academy Global Energy and Environment Partnership, a consortium of sustainability-minded universities and corporations; the McDonnell International Scholars Academy; and the IIT Bombay-WUSTL Corporate Alliance, an affiliation that develops the next generation of global leaders. Their rich partnership history facilitates the collaborative delivery of this latest venture.
For more information, visit olin.wustl.edu/embamumbai or www.som.iitb.ac.in/jointEMBA.
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About Olin Business School
Washington University’s business school was founded in 1917 and named in honor of John M. Olin, St. Louis-based industrialist and philanthropist, in 1987. Olin offers 10 degree programs, including BSBA, MBA, specialized master’s, Executive MBA and doctoral options. A flexible curriculum allows for career-oriented experiences every semester, such as consulting projects in the U.S. or abroad, internships and board fellowships, plus study options on six continents. Entrepreneurship courses and competitions foster a thriving startup environment. Olin alumni lead with purpose, integrity and critical thinking skills required to succeed in the global economy. For more information, visit olin.wustl.edu.
To promote interdisciplinary learning and to keep up with the changing environment, IIT Bombay established its management school in 1995 with the objective of transforming professionals with technological background to "Renaissance Leaders" of tomorrow. In the year 2000, the school was renamed as Shailesh J Mehta School of Management, in honor of Dr. Shailesh J. Mehta, a distinguished alumnus of IIT Bombay and a generous contributor to the school. The School Of Management already leads the way in preparing its Graduates to respond to the new challenges by drawing on the varied intellectual resources of IIT Bombay and providing outstanding and innovative programs in management education. For more information, visit som.iitb.ac.in.