EPGP Indore: Program Highlights

The Executive Post Graduate Program in Management (EPGP) is designed for professionals with work experience to enhance their knowledge, skills and capabilities essential for managing and leading organizations.

The program, accredited by Association of MBAs (AMBA), has, in addition to a comprehensive functional core module, elective courses aligned with the industry concentration such as Analytics, BFSI, e-Commerce, Operations & Strategy, etc.  It also includes an International Immersion Program as well as a complete elective course on Advanced Analytics.

The application window remains open from September 5 to December 15, 2019. You should submit the online application by the deadline and pay the online non‐refundable / non-transferable application processing fee of Rs 5,900 (including GST) for Indian nationals and US$118 (including GST) for foreign nationals.

EPGP Indore: Eligibility Criteria

EPGP is open to all nationalities. You should have a Bachelor’s Degree or its equivalent in any discipline with minimum 50% marks. A valid GMAT score (within 5 years from the date of the application deadline date) is needed.

The applicant should have a minimum of 5 years of managerial / entrepreneurial / professional experience after graduation as on the application deadline date. You should mention only full-time paid work experience after obtaining a Bachelor’s degree. You should not include training / project work done as an integral part of any curricular requirement.

EPGP Indore: How to Apply

The application window remains open from September 5 to December 15. 2019. You should submit the online application by the deadline and pay the online non‐refundable / non-transferable application processing fee of Rs 5,900 (including GST) for Indian nationals and US$118 (including GST) for foreign nationals.

Interview of shortlisted candidates will be conducted at various locations including Bengaluru, New Delhi, Indore, Kolkata, Mumbai and Skype, depending on the number of candidates from that region.

EPGP Indore: Selection Process

Short-listing of candidates for the Personal Interview (PI) will be on the basis of GMAT score and/or any other criteria as decided by the admission committee for that academic year. Announcement of PI shortlist will be on December 21, 2019.

Those not meeting the minimum performance in any of the PI parameters set by the Admissions Committee will not be considered for the next stage of the selection process.

The merit list will be based on Composite Score and the provisional admission offers will be made. The composite score is calculated on 50% weight for GMAT scores and 50% for a personal interview.

The selected candidates will deposit a non-refundable commitment fee of Rs 1,00,000 plus Applicable tax. This fee should be paid at the time of acceptance of the provisional admission offer.

The interviews dates will be on December 28 and 29. Provisional admission offers will be on January 10, 2020. The last date for accepting offers will be on January 31, 2020. The program registration will be on April 20 and classes will commence on April 21, 2020.

EPGP Indore: Program Fee & Payment Schedule

The program fee (including commitment fee) will be Rs 20,00,000 plus applicable tax for Indian nationals and US$49,950 plus applicable tax for foreign nationals.

You have the option of paying the balance fee of INR 19, 00,000 plus applicable tax can be paid fully at the time of registration.

The option of paying the balance fee in three installments is also available. In such cases, you are expected to provide an irrevocable bank guarantee valid up to 22 February 2021 for Rs 10,00,000 with the first installment.

The first installment of Rs 9,00,000 plus applicable tax is to be paid on or before the registration day on April 20, 2020. The second installment of Rs 7,00,000 plus taxes is to be remitted before September 21, 2020 and the third installment of Rs 3,00,000 plus taxes before December 21, 2020.

The fee includes tuition, course material, access to library facilities, network/computer charges, lodging and boarding. All expenses towards International travel, visa, passport, lodging and boarding (international) etc. would have to be borne by the candidate. Expenses towards academic input (international) are included in the fee.

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Meanwhile, IIMI has released the fist list of 51 successful candidates for EPGP 2017-18 batch.

The one-year EPGP is the only management program to be accredited by Association of MBAs (AMBA) as an MBA program at IIMI. The full time residential program is for executives with work experience who want to enhance knowledge, skills and capabilities essential for managing and leading organizations.

Class Profile

The current EPGP batch has participants with an average age of 31 years and average work experience of 8.5 years. The 41-member class comprises 4 females and 37 males.

In Industry experience, 34% are from the IT sector, followed by Energy & Petroleum at 15% and Automobile at 10%. Consulting, Manufacturing and Infrastructure constitute 7% each.

Program Details

In addition to a comprehensive functional core module, there are elective courses aligned with the industry concentration identified for the programme such as Analytics, BFSI, e-Commerce, Operations & Strategy, etc.

The program is designed not only to leverage the experience of the participants but also to be aligned with the industry concentrations identified for EPGP.

The core courses provide a general management perspective at an elevated pitch compared to the 2-year Post Graduate Program (PGP). The participants are expected to possess data analytical skills along with an understanding of management science in decision making process.

They must have interpersonal awareness and ability to work in teams. They should be effective communicators with an awareness of legal and financial environment of business

The participants should possess an understanding of the ethical dimensions of management decision making, integrated and strategic thinking and awareness of global issues affecting business.

Program Highlights

Spread over 700 classroom contact hours, the program has five weeks of International Immersion at McCombs School of Business, University of Texas, Austin.

More than 50 electives are offered on Finance, Marketing, Data Analytics and Economics. Regular Guest Lectures and conferences with industry leaders enable participants to visualize disruptive advancements and future challenges.

Compulsory courses on spreadsheet modelling, management communication, financial accounting etc. are offered by Harvard Business School. Data analytical skills along with an understanding of management science in decision making process are also imparted.

Eligibility Criteria

The candidate must have a Bachelor’s degree or its equivalent in any discipline and a valid CAT /GMAT score (obtained between January 1, 2012 and December 31, 2016).

The applicant should also have minimum 5 years of managerial/ entrepreneurial/ professional experience after graduation as on December 31, 2016.

Selection Process / Interview

Interview of short listed candidates will be conducted at various locations depending on the number of candidates from that region. Short-listing of candidates for interview will be done based on a number of criteria like CAT / GMAT score, Academic performance, work experience etc, or as decided by the admissions committee.

Selection and Registration for the programme:

After the interviews are conducted, all short listed candidates will be sent admission offers which can only be deemed accepted by the candidate if the institute receives an acceptance letter along with a payment of commitment fee of Rs. 1,00,000 (Rs One Lakh only) plus Service tax within the stipulated time period mentioned in the offer letter.

All the selected candidates have to register for the programme by April 17, 2017.

Program fee

Indian Nationals: INR 18,00,000.00 + Service Tax

Foreign Nationals: US $45,000 + Service Tax

Programme fee of Rs. 18,00,000 + Service Tax may be paid in three instalments with an irrevocable bank guarantee.

If paid in instalments (candidates are expected to provide an irrevocable bank guarantee valid up to February 17, 2018 for INR 10,00,000 (Rupees Ten lakhs only) with the first instalment :-

A commitment fee of INR 1,00,000 + Service Tax is to be paid at the time of acceptance of offer.

First Instalment – On the day of Registration, April 17, 2017, INR 7,00,000 + Service Tax

Second Instalment – Before September 17, 2017, INR 7,00,000 + Service Tax

Third Instalment – Before December 17, 2017, INR 3,00,000 + Service Tax.

The fee includes tuition, course material, access to library facilities, network /computer charges, lodging and boarding. All expenses towards International travel, visa, passport, lodging and boarding (international) etc. would have to be borne by the candidate. Expenses towards academic input (international) are included in the fee. All payments are to be made by RTGS/NEFT

Application processing fee of Rs.5,000 is to be deposited in the form of online transfer/Net banking favouring “Indian Institute of Management Indore” and the payment details to be submitted along with the filled in application form.

The inauguration event commenced with traditional lamp lighting followed by the welcome address by Pranav Dubey, corporate relation office at EPGP IIM Indore. Dean (Academic), Professor Ganesh K Nidugala also addressed the participants and briefed them on the course.

The inauguration address was delivered by Arvind Mahajan, Partner and National Head – Energy, Infrastructure and Government: Senior independent Director of KPMG India Board.

With a rich experience of more than 30 years, Arvind Mahajan emphasized how important self-renewal is in one’s career. He welcomes the participants move to re-invent themselves by focusing on continuous learning. He told the gathering that industry is changing rapidly, and that everyone today needs to grow quickly to adapt to this fast changing scenario.

Interestingly, the guest of honour at the event, Sujai Sen, Head of Strategy, CSI ADM Ericsson graduated from the same programme at IIM Ahmedabad (called PGPX) in 2011.

Speaking at the EPGP inauguration, Sen said “Don’t rely on your past laurels; It’s a year of reinvention and rejuvenation. Start fresh and embrace the change”.

ALSO READ: Rs 48 Lakh Highest Domestic Salary For IIM Indore’s One Year MBA Class of 2014 – Highest Ever Recorded Salary At IIM I

In a brief address, he set the expectation of the one-year program by highlighting his own experience while pursuing the one-year MBA course at IIM A. The key take away from his address was the ABCD of making most of the program:

A – Always have a bigger picture in your mind

B – Be open to challenges and new experiences

C – Collaborate, collaborate, collaborate

D– Develop and nurture your relationships with others

OneYearMBA connected with a few students who have joined the prestigious MBA course this year to understand their motivation for leaving the corporate world to pursue a full-time MBA.

Sreemoyee Saha has 7+years of work experience and his last role was Senior IT Developer at Symantec Corporation. When asked about his motivation to join the course he said, “My objective for joining IIM Indore is to excel in the field of Marketing & Management. I’ve been associated with IT Marketing Automation for long & have facilitated my clients’ efforts to maintain better CRM- in turn, maximizing their ROI. My aim is to now transform myself into a business leader. The EPGP course is the perfect way for me to move in that direction.

Ayush Khaitan, who worked for 6+ Years in a Strategic Consulting role at Deloitte said, “I felt it was necessary for me to take some time off and invest in my personal development and an MBA seemed to be the right choice. And IIM Indore was the obvious choice not only because of its brilliant pedagogy but also because of the special emphasis they place on Analytics, which I believe is critical skill in today’s digitized world.”

Shantunu Roy who has 8.5 years of work-ex in Project Management at Reliance & L&T said, “My decision to join the one-year EPGP course at IIM Indore was based on a number of factors. One: the curriculum in the EPGP course at IIM I is very intensive one in-sync with industry trends. Two: the 5 week International Immersion module at McCombs School of Business – The University of Texas at Austin provides a holistic view of the global business environment. Three: the diversity and industry experience of the batch through which I will gain cross-functional and cross-industry learning. Four: the track record of the previous batches, which has been very good.”

Gitika Singh who has close to 6 years of experience in the IT Industry and joins IIM Indore from CSC India Private Limited where she was a Product Developer had this to add – “As I got comfortable with the technical aspects of my job profile, I felt an urge to also understand the business side of things. The EPGP at IIM Indore is a compact yet comprehensive MBA course to top up my techno-managerial experience, and shape me as a knowledgeable and aware leader.”

Demand is defined as an economic principle that describes a consumer’s desire and willingness to pay a price for a specific good or service.

The law of demand states that other factors being constant (cetris peribus), price and quantity demanded of any good and service are inversely related to each other. When the price of a product increases, the demand for the product will fall.

I have been an avid Uber user over the past few months. I feel taxi aggregators like Uber and Ola are doing a fantastic job. They have made travelling such an easy job in a city like Bangalore where transport options are limited. 

You have a fantastic bus service here but buses ply on specific routes. Auto operators tend to cheat and haggling with them for every trip is something I would gladly avoid.

There is no other public transport system unlike that in cities like Mumbai or Kolkata and in such a scenario Uber and Ola pretty much came as a boon to all.

However, the party didn’t last long. Pretty soon the surge pricing model and on demand pricing model came into play and I had to stop taking Uber and Ola for every need.

I don’t think I have a problem with companies trying to monetize their product. But at the same time companies need to be honest and transparent with their customers too – especially in the age of internet based companies, when a lot of logic and pricing analytics goes into deciding the final price of commodities and services.

On a busy evening in Whitefield, Bangalore, while returning from office, I wanted to take a cab. My home is around 6 kms from office. To my surprise this is what Uber threw at me:

The meaning is simple – Uber is asking me to pay = 105+ 6*14.71+ 2.1* 30 = 256 INR for a 6 km trip.

Moreover Uber claims that the demand is surging off the charts and it is necessary for us customers to pay extra to get more Ubers on the road. At the same time below is the situation with regards to cab availability around me:

Well demand may be surging through the roof but clearly Uber doesn’t need to make an extra effort to make cabs available to me. Cabs are already there.

The situation didn’t improve even after waiting a while. It kept on flickering between 2.1 to 1.8 times the normal fare and clearly not many customers were biting the bait.

Here are a few more snapshots of the situation after 5 minutes:

This behavior is familiar to all Bangaloreans who have seen the same thing done by auto rickshaw operators over the years.

Even when the autos are available they will ask for more citing that not many autos are available or simply because they feel like it.

It’s also similar to the situation when a onion wholesaler won’t release stocks at a lower price just because he knows that it is in demand and he can easily reduce supply to increase the price.

Dear Uber, this is also hoarding. Well, it’s in a new form so let’s call it cyber hoarding.

So what do you lose as an organization? The ever reliable Uber now suddenly isn’t so reliable anymore.

You never know when they will ask for a kidney for a trip to the airport when you have to catch a flight in the evening. Wouldn’t you rather go back to the traditional cab service which at least has a fare assurance?

Or would you choose another mode of public transport such as the green Vayu Vajra buses that take you to the airport if you are not under any time pressure. Well there are a lot of choices even now. And in the future, when the city has a better Metro service, citizens will have even more options.

Another moot point is whether they have got the demand pricing model right. Clearly they are focusing on how many customers are looking for cabs in a particular region and taking it as an indicator/proxy for demand. I doubt if that is a right indicator.

Uber may do well to think twice about its monetization policy of surge pricing which will force a lot of potential customers towards finding alternatives.

Another moot point is whether they have got the demand pricing model right. Clearly they are focusing on how many customers are looking for cabs in a particular region and taking it as an indicator/proxy for demand. I doubt if that is a right indicator.

While waiting for buses, I have seen people (many of whom are young professionals and daily passengers) checking out Uber for the heck of it. Also your model is clearly wrong when you see that in spite of having demand from customers and supply of cabbies, the price is causing your services to not be consumed as reflected in the above screenshots.

I believe there should be an upper cap on the surge pricing. You cannot charge 500 bucks for a 5 km ride. That is simply black marketing

A better model in my opinion would be one where cabs are auctioned when the demand is high. As long as there is someone bidding higher than me I don’t get the cab. That would be a fair and free marketplace where prices are dictated by demand.

Thirdly, I believe there should be an upper cap on the surge pricing. You cannot charge 500 bucks for a 5 km ride. That is simply black marketing. Whatever demand may there be, Ola and Uber should not to this. Well, technically they can, but the host of admirers they have accumulated so fast will then evaporate just as quickly. (Image courtesy egarden.asia)

Ankan Paul graduated from the One Year Full Time MBA (EPGP) at IIM Indore in 2014 and currently works as a Product Manager with L&T Infotech