What Does An Executive MBA Actually Mean?

Executive MBA or EMBA is the Business Administration program, which specifically targets the corporate executives or managers. This program allows them to study as well as work in earning their business degree when continuing to hold the current full-time work profile. The executive MBA students generally have considerable work knowledge before they enter this program.

Knowing the Executive MBA Program

The Executive MBA program is made from a mix of the classroom teaching on weekends or evenings, tutorials and online classes, and full-day sessions. It is equivalent to the full-time MBA course in requirements and scope, the EMBA course lasts for 24 months. The intensive modular classes for reinforcing expertise & fill the knowledge gaps are the main motivators for the executives to embark this program. They will engage in the core coursework in accounting and finance, strategic management, operations management, human resources, marketing, as well as other disciplines, or take the specialized electives. The students come with the improved skills base for advancing the career prospects at the organizations, and not to mention credential of the master's degree as well as new alumni network that must never get underestimated in working world. As most of the executives are working during this duration of the program, they’re in the better position of applying management techniques as well as best practices that are learned in a classroom to the real-life situations, when compared to the traditional MBAs that are in the graduate school for full-time.

There’re many executive MBA programs in India. Like with regular full-time EMBA programs, the universities have got the competitive admissions procedure. An average number of the working year's experience for the EMBA class is over 10 - 12 years, it is double of the regular MBA class.

Is Executive MBA Worth?

The executive MBA program isn’t very cheap. No matter whether an executive pays out from their own pocket or sponsored by the company, basic ROI calculation must be made. Apart from its cost, there’s the time consideration. Although executive is working for full-time and there’s not any monetary opportunity cost, and there can be the opportunity cost to an executive if they can’t travel to close the deal, or meet with the client to develop the new business and stay late in their office to meet deadline if there’s class to attend and homework to do. So, these should be part of cost-benefit analysis for the executive MBA program for an executive.

EMBA or MBA: Things To Know Before You Make Your Decision

The Executive MBA program is not much known than many other advanced degrees however not for the good reason. Earlier ignored for its fear that EMBA was “watered down” version for the standard MBA, lots of professionals who are looking to go to their school disregarded this option of EMBA despite this being the quality choice for the potential students with the full-time job opportunity. In order, to give you everything you want to know about the business degree & debunk any kind of myths you may have heard, here is the list of things that you did not know about the Executive MBA, which includes some key differences between the EMBA & MBA.

You will finish your EMBA at the same time as MBA.

Although classes are held only on weekends and evenings, EMBA still can be completed in 2 to 3 years. Unlike the MBA program, Executive MBA has very few or no electives. Just by eliminating the majority of the supplementary courses, the students can focus on core curriculum as well as complete the degree in the similar time period than the full-time MBA.

Most of the EMBA students are 32 to 38 years old.

Reason for this large age gap of MBA & EMBA students is their stricter requirements in place for the executive MBA applicants. The students who enroll in the Executive MBA course will require the developed resume —that means more than the summer internship. Most of the executive MBA students will apply with 5 and more years of the professional experience in the field & having held certain kind of leadership role, like manager or supervisor. EMBA programs generally hold the students to higher expectation so they’re on par with course material as well as focused nature of its curriculum.

EMBA degree pays in 17 months or less.

Whereas some degrees program leave candidates in huge debt with very little guarantee of the higher salary, but EMBA is one investment that you may completely rely on. The graduates may expect to earn the bonus for getting the degree as well as a good salary. With the significant jump in an income, executive MBA graduates can quickly pay out any loans or completely cover their cost of getting back to the school in two years or less.

An employer might be keen to pay for the EMBA degree.

There are some businesses that provide incentives for the employees to get advanced level of degrees. This will come in a form of paying to tuition (partially or fully) and guaranteeing the bonus on your graduation. While your employer might not completely pay for your executive MBA, but it is worth to inquire about what kinds of incentive programs that they provide to the employees who are going for the higher education.

No need to quit your current job to start.

EMBA course module is quite rigorous, and it is created to meet the requirements of the working professional. The executive MBA classes are held inconvenient times, like evenings and weekends, and the courses are highly focused towards the executive level employees. Due to an agreeable schedule & sharpened syllabus, the student will maintain the current job with no adverse effects.

EMBA is focused (and not watered down) MBA version.

Most of the MBAs have the generalized nature as well as strive to prepare the business associates for the executive level management level. Some allow the students to select the specialty, such as marketing and entrepreneurship. Some include electives that will supplement the specialty and allow the students to explore some other concentrations.