There are many working professionals who would like to keep their job while pursuing their MBA degree. This may become a cause of concern since if they opt for full time MBA programs they will be unable to continue working at their job. This is where the role of an executive MBA comes into play. It provides the benefits of a regular MBA program but also provides the students with much needed flexibility of when to study as well. An executive MBA can be opted for by candidates who want to develop their career as well as improve their knowledge on managerial techniques simultaneously. There are many other advantages to opting to study for an executive MBA when compared with the regular MBA programs.
The executive MBA offers weekend classes or classes on a quarterly basis depending on the type of course you have enrolled for and the university which you have selected as well. Most of the individuals who opt for an EMBA program are seasoned professionals who have several years of work experience and they would possess many specific skills which they have gained over this duration of time. Hence it becomes difficult to evaluate their competencies with the GMAT exam like it is done for other students who want to pursue a full time MBA program. The GMAT exam is a more conventional method to test the candidate’s abilities in the following topics – Quantitative Aptitude, Verbal Reasoning, Analytical Writing and Integrated Reasoning. This is better suited for individuals who have just graduated from college or have been working only for 1-2 years. They are more accustomed to studying for long hours and are familiar with the concepts in the above mentioned topics. Additionally they would also be acquainted with such standardized exams thus making it an easier task to attempt the GMAT exam. On the other hand the admissions committee felt it was unjust to subject the experienced professionals to the GMAT exam since it wouldn’t be an adequate measure to judge their proficiencies. Therefore GMAC has introduced a new exam exclusively for such candidates called EA (Executive Assessment). While the GMAT can be attempted by individuals upto 5 times in a year with a 16 day gap between each attempt, the EA can be attempted only twice overall. The admissions committee will be certain to scrutinize every aspect of the applicant’s profile (SOP, LOR, Internships done, online certifications completed, extra-curricular activities, work experience, CGPA, etc). It is important to note that work experience plays an important role towards the admission process in any of these universities.
The Executive MBA programs tend to be slightly longer due to the intermittent gaps in the schedules of the program when compared to the full time MBA programs. Apart from this factor the content and the syllabus of both these programs are similar. Both of these programs tend to emphasize on developing necessary managerial skills like – leadership qualities, Decision making skills, Communication skills, Discipline, Team building skills, Creativity, ethics etc. In addition to the above an E-MBA scores over the regular MBA since you get to acquire all of the above traits while keeping your job. You also don’t have to worry about job prospects after completing your degree. Most of the current employers will be ready to retain you or promote you at your existing job or alternatively you could also look for better job opportunities. In some cases the employer will be ready to fund your expenses for the executive MBA program and in return you may have to sign an agreement for the company. The course fees for this program will be significantly lesser than a full time MBA program. Once again giving the EMBA considerable leverage over the regular MBA program. Furthermore you will not have to wait for a longer duration for the ROI (Return on Investment) with the executive program since once you complete the program you will have a huge leap in your salary in comparison with the full time MBA program.
The EMBA program is a more focused version of the usual MBA degree and not a diluted version according to the misconceptions which exists among candidates. The students of the executive MBA program are generally individuals who have already gained many years of work experience. They would typically already be in executive level positions in their respective companies. Therefore such programs have a definite and clear curriculum which will enable such individuals to further develop their skills and become able leaders in their respective fields. This is certain to save your time and expenses in the long run. The course syllabus is designed in such a manner so that it suits the rigorous and demanding schedules of the working professionals. However it is necessary for you to make adequate arrangements so that there are no clashes between your job, your study schedules and other aspects of your life.
As already mentioned above, Unlike the students of the full time MBA program a student who belongs to an EMBA program need not worry about the job prospects on completing the degree since he/she would already have a job while pursuing his degree. The job opportunities for candidates who have completed an EMBA are higher since they would have a very wide network of contacts thus giving them the opportunity to easily switch over to a new job as well. Thus acquiring an Executive MBA degree is equally effective as a full time MBA program. It provides you with the same foundation and is specialized to meet your needs and requirements as well.
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