IIT-B, WUSTL to offer joint EMBA course

IIT-B to set up research park within its campus

The Indian Institute of Technology, Bombay (IIT-B) and Washington University at St Louis (WUSTL) will offer a joint Executive MBA (EMBA) programme at the Shailesh J Mehta School of Management, IIT-B from January 2015. The programme will be offered in  collaboration with the Olin School of Business, WUSTL.

At the ongoing IIT-B-WUSTL Corporate Leaders Conclave at St Louis, US the institutions agreed to jointly offer an EMBA. The course will also have faculty from Olin School of Business. The fee structure and other details of the programme are now being worked upon.

“IIT Bombay and WUSTL have active research collaborations in areas related to energy and environment. The Corporate Conclave, in which several corporate leaders and distinguished alumni of IIT Bombay participated, marked the initiation of a corporate alliance to support this partnership. The joint research seeks to address global problems by bringing together the outstanding faculty members and students of these two eminent institutions, along with the industry,” said Devang Khakhar, director, IIT-B.

One of the session at the Conclave focussed on ‘Entrepreneurship and Innovation: R&D Technology Park’. IIT Bombay said that it intends to establish a Research Park within its campus. The research park would be utilised for carrying out cutting edge research in the areas of concern to the Indian society. It will be owned and operated by the Institute with the support of the Government of India. The facility and space will be further utilised by the companies to leverage the excellent scientific and technical expertise available with the faculty members of IIT Bombay.

At the session on ‘Executive Education and Leadership Development Programmes relevant to India and Asia’, academic and corporate leaders including Prof. Khakhar, Rakesh Sachdev, CEO of Sigma Aldrich, Mr. Parag Saxena, CEO of New Silk Route and Prof. Mahendra Gupta, Dean of the Olin Business School, WUSTL noted that corporations have a critical need for talented workforce and hence a jointly offered E-MBA programme would be a step in the right direction.