EMBA Versus MBA: The 6 Things You Need To Know Before Deciding
An Executive Master’s of Business Administration (EMBA) is an advanced-level degree that only a few students are aware of. The reason is that many students view the EMBA as a “watered down” version of standard MBA. Therefore, many professionals who are willing to get back to school avoid an EMBA degree even though it is a valued choice for capable students. If you want to make yourself more familiar with this business degree, check out the following list of six things that you may be unaware of about an EMBA degree.
1. You can finish an EMBA in the same amount of time as an MBA.
You can get an EMBA degree within two to three years, despite the lectures being held only on weekends and evenings. An MBA degree has many optional courses, but an EMBA has few or no optional courses. This means that in an EMBA degree, you can eliminate additional courses and focus on the core curriculum to accomplish the degree in the same amount of time as a full-time MBA.
2. Most EMBA students are between 32 and 38 years old.
An EMBA degree puts certain stringent requirements on its applicants. They need to have a developed resume which means that a simple summer internship is not enough. Instead, applicants should have four to five years of experience in their field of interest. Moreover, they should have previously performed in a leadership roles, such as a supervisor or manager. Due to such stringent requirements, there is a huge age gap between MBA and EMBA students. EMBA programs have high expectations as they want students who can easily cope with the course material and the nature of the curriculum.
3. An EMBA degree pays for itself in as little as 17 months.
Some degrees might land students in large debts with no guarantee of a higher salary. This is not the case if you are pursuing an EMBA degree. Professionals earn bonuses after obtaining an EMBA degree, and their average annual salary is $164,845. Such a raise in salary can help EMBA graduates to pay their debts quickly and cover all the school expenses within two years.
4. Your employer may be willing to pay for your EMBA degree.
Some of the companies offer incentives for their employees to help them pursue advanced-level degrees. The employer may either pay for the tuition or offer bonuses after acquiring the degree. In 2009, 32% of companies paid for their employee’s education. Your employer may not pay for your tuition fees entirely, but it is still best to ask about what types of incentive programs they will offer to you after seeking a higher degree.
5. You do not have to quit your job to start.
The course load of an EMBA degree is arduous, but a working professional can easily handle the study pressure as it is designed in such a way. Lectures are held on weekends and evenings, and the courses are specifically designed for executive-level employees. With convenient timings and enhanced syllabus, a student can continue their jobs without any difficulties.
6. An EMBA is a focused version of an MBA.
An MBA degree prepares students for an executive-level management position. Sometimes students are given options such as marketing or entrepreneurship so that they can specialize in their area of interest. They may also include electives that can complement this specialty and allow students to explore different realms. An EMBA degree is different.
In an EMBA degree, there are no introductory courses because the students are already from high-level executive positions. Therefore, an EMBA program is composed of classes that help these managers acquire leadership and management skills. This may save you time and money in the long run.