The Executive MBA – also doubled as EMBA – is a derivation of the more traditional Master of Business Administration. The EMBA differs from the MBA in several ways. This is one of the things we will tackle down as we depict the features of the EMBA. What are the requirements? Who qualifies as a possible candidate for the program? And why would you even need one in the first place?
Executive MBA: What It Is
An EMBA program is specialized, targeted at a specific portion of the population. It aims to develop people for managerial and executive positions most of all, hence the name. The main thing that sets an EMBA apart from a normal MBA is that those pursuing the program can focus on their studies and work at the same time. This is due to the fact that the EMBA is, in itself, an advanced level which requires that the candidate already has some experience behind them.
There are other noteworthy differences and thing to keep in mind, however:
- Despite the fact that the curriculum of an EMBA is definitely smaller, it’s not compressed. Everything spreads out across the three years of studies required for a normal MBA as well. In other words, you get to finish an EMBA at the same time as a full-time MBA.
- You might notice a significant age gap between EMBA and MBA students. This is because the EMBA requires a resume filled with years of experience. When pursuing an EMBA, you pursue a next level experience.
4 Reasons Why You Should Get an EMBA
- Costs are lower. Tuition buries plenty of students in piles of debt, which they have to struggle to pay. Because EMBA applicants generally also have full-time jobs, having a balanced income at your side makes it easy to give back all the money in a short time.
- Career growth. Obviously, the main purpose of any degree is to fill your head with useful knowledge which you can apply to your everyday situations. Like already mentioned, EMBAs represent a next-level, advanced form of learning. Some of the skills you can acquire include: management, better perspectives, visionary thinking, teamwork, team assemblies, etc.
- Your job is by your side. You don’t have to quit your job to pursue this degree. Classes are held on the weekends and the limited curriculum spread across three years makes it relatively easy to handle both responsibilities. What’s more, a 2009 study showed that 32% of employers reimbursed employees for their EMBAs. It makes sense why, too: it’s an opportunity to learn new skills which will come in the company’s aid.
- Possible partnerships. The social aspect of it is noteworthy too. The majority of program pursuers is already employed or, even better, business workers. So many people in the field gathered in one place definitely open new doors for partnerships and relationships.
Is an Executive MBA worth it, after all? If you’re looking to grow, to climb the ladder toward better leadership, or to add to your asset for minimal costs, it definitely is.