2 years ago
EMBA from a top business school can cost you more than 150K in tuition fee. In comparison Full time MBA is targeted at young professionals who are at an early stage in their career. Typically, they are identified as high performing individuals in their specific domain, and are now looking to broaden their perspectives, learn more about general management and make some change in their professional direction, be it role, industry, work country or all three of these aspects. MBA students may or may not yet be in a managerial position. In most top tier business schools, the average age in the MBA class is 28 with 5 years’ work experience. By looking at employment statistics from top schools more than 80% of graduates change some aspect of their career after completing the MBA program, and indeed many companies offer management positions or management acceleration tracks specifically created for MBA graduates. This is also why there is extensive career development support for MBA participants compared to EMBA. The content and curriculum of an Executive MBA is quite similar to the full time MBA, however, typically there will be more emphasis on individual leadership development. This is because the Executive MBA is tailor-made for participants who are at a more advanced stage of their career as compared to MBA students. In top business schools, Executive MBA participants have at least three years of managerial experience with a total of 10 years of work experience on average, with the average age being 37 years. Executive MBA participants can expect to be in a peer group of other, highly motivated and successful managers looking to formalize their knowledge of general management and fine tune their leadership skills to take the next step in their career, typically not looking for a major change in their professional direction. The Executive MBA program structure is adapted to the needs of the participants, balancing work and study, so classes would typically take place in the evenings, at weekends or as modules over a longer stretch of time. Similar to full-time MBA, admission to an Executive MBA often requires taking a standardized test (GMAT or GRE), a written application form with essay questions and professional recommendation letters as well as an interview. Its always a better idea to consult with someone before pursuing EMBA program.