Since there are hundreds of businesses degree programs offered globally, navigating the correct business school landscape is challenging. To help you equip with the information, this article emphasizes between EMBA and MBA as to which degree is best for one’s growth. Let’s have a look at this program comparison guide.
Executive MBA (EXECUTIVE MASTER OF BUSINESS ADMINISTRATION) programs with working professionals in mind. This is frequently done on a part-time basis. This program is for those who always look forward to advancing their skills. There are various specialisations offered including healthcare, technology, management leadership and much more.
MBA (MASTER OF BUSINESS ADMINISTRATION) Programs are most commonly suited for those who have a lesser work experience, for those who have recently graduated. MBA candidates are commonly required to maintain a heavier workload and more demanding schedule during their full-time studies. MBA programs tend to offer more freedom with the denser school schedule.
EMBA VS MBA: STATISTICS
A good approach to knowing these programs can be identified through a cost-benefit analysis.
· Executive MBA programs are mostly part-time which often allows students to keep their jobs. Executive MBA candidates can bring in a steady income while they study.
· MBA programs are most commonly a full-time format, requiring candidates to put income-earning on hold. They may also require students to incur additional living costs like room and board if they feel to relocate to pursue their degree.
Average Age :
· Executive MBA programs typically attract more mature professionals with an average age being 38, with greater work experience. They often have competitive resumes and are poised to move into senior leadership roles.
· MBA applicants in contrast tend to be younger with an average age limit being 28. They have their applications reviewed on the basis of academic credentials.
· Executive MBA candidates often compete for admission on the basis of their work experience rather than academic scores. These applicants are often told to have a minimum of five years’ work experience.
· MBA applicants compete typically on their GMAT and academic credentials as well as their work experience to date.
· For Executive MBA programs, the duration varies between 18 and 24 months. Some may even take as few as 12 months.
· For MBA programs, online MBA programs are shorter, for example, the Quantic MBA takes 10 months to complete.
· Executive MBA applicants are seeing less employer sponsorship and need to be self-funded.
· MBA students often have more options in applying for scholarship funding.
· Executive MBA students tend to have significant and continual work obligations alongside their academic pursuits. This course will also have significant social implications although course attendance and networking with their newfound community can help fill the social gap.
· MBA students spend much more time undoubtedly in person with classmates, whether in classrooms or libraries or at networking and MBA events on evenings and weekends.
By Tunisha Banerjee
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