EMBA vs MBA
It was once thought that an EMBA is a "watered down" version of a standard MBA, but right now it is regarded as a quality choice for potential students with full-time jobs. Providing all you need to know about this business degree, The Huffington Post have compiled a list of six things you probably didn't know about Executive MBAs, including some of the key differences between an EMBA and MBA, suggested by the Stevens Institute of Technology (USA).
1. An EMBA won’t take you more time than an MBA.
Even though the schedule is flexible and classes are only held on evenings or weekends, an EMBA can still be completed in two to three years. Moreover, the Executive MBA has few to no electives thus eliminating the majority of supplementary courses. Students have the chance to focus on the core curriculum and finish their degree in the same time as a full-time MBA.
2. Most EMBA students are above 30.
There are stricter requirements for EMBA applicants than for an MBA. Students who want to enroll in an Executive MBA program need to have a developed résumé, which means that they need to have enough full-time work experience and not just a summer internship and in the best case scenario even a good amount of managerial experience.
Having said this, most EMBA students have five or more years behind them of professional experience in their field and are usually in some type of leadership role, such as supervisor or manager. That also advocates for the prestige of the EMBA programmes.
3. An EMBA degree is worth it in terms of return on investment.
While some degrees leave students with huge debts and with little to no guarantee of a higher salary, it is proven that an EMBA is an investment that pays for itself in as little as 17 months. Graduates can expect to earn a bonus for obtaining their EMBA degree and an increase in their salary. With their significant income, EMBA graduates are able to quickly pay off their loans and completely cover the cost of their EMBA in less than two years.
4. There’s a good chance that your employer will sponsor your EMBA.
Some companies encourage their employees to earn advanced level degrees in order for them to be more effective and productive for the company. Sometimes they don’t mind paying for the tuition (fully or partially) or they might guarantee a bonus upon graduation.
While your employer may not pay for your education entirely, it is worth asking about what types of incentive programs they offer to employees seeking higher education.
5. You can work and study at the same time.
The courseload of an EMBA is designed to meet the needs of a working professional. Classes are held during convenient times, such as evenings or weekends, and the programme is designed for executive level employees. Because of the manageable schedule and sharpened syllabus, a student can continue working in their current job without any adverse effects.
6. An EMBA is a concentrated version of an MBA.
Most MBA programmes are general in nature and aim to prepare business associates for executive level positions. Some allow students to choose a specialty, like marketing or entrepreneurship. EMBA programmes are different, since EMBA students are already in executive positions. There are no introductory courses and the curriculum is designed straight to the point - to help current managers obtain skills that can improve them as leaders in their field. This leads us to the conclusion that EMBA’s are saving you time and money in the long run.
Do you feel ready for an EMBA?
Resource: The Huffington Post