MBAs and EMBAs are both Master’s of Business Administration degrees that teach students the hard and soft skills they need to be executive level managers. Although following many of the same principles, these programs are different in a myriad of ways.
Discover how an EMBA is distinct from an MBA here as we unfold the major differences between the two degrees.
What Courses You’ll Take
An MBA program is formatted to familiarize new associates and recent grads with the different elements of business administration. Students are required to choose a specialty, which will allow them to become an expert in a particular field such as marketing or real estate. The curriculum includes electives to broaden a student’s understanding of the industry and better prepare them to enter a management role. In an EMBA program, the curriculum is more focused. Since students have already held management positions, electives are omitted and choosing a specialty is not a requirement. EMBA students will work towards refreshing previous knowledge, fine tuning skills, learning best practices for today’s technology driven world, and becoming better leaders.
The Speed in Which the Program Moves
Since an EMBA is a part time MBA program it moves at a faster pace. Students need to be familiar with many of the concepts that will be taught or they could risk falling behind. As a requirement, it is necessary than EMBA students have the extra knowledge and necessary experience to be successful in the fast paced environment. Most programs require than an applicant already hold at least five years of managerial experience. Alternatively, MBA programs are more introductory. A recent business school grad or entry-level associate would be able to follow the pace of an MBA program since it is fulltime and general in nature.
Who You Will Be Attending Class With
Most EMBA students are 32-38 years old. The reason they are older than the average MBA student is that EMBA programs require students to have more out-of-the-classroom experience before applying. Most applicants possess a minimum of five years in a management role and have already achieved success as a supervisor. If growing your professional network is a motivator for attending grad school, you’ll be pleased to know your EMBA classmates will be executive level managers with extensive experience and connections.
When You Will Be Attending Class
Unlike a typical college schedule EMBA classes are held in the evenings and weekends — so attending school shouldn’t interfere with your day job. Some programs will have a Friday component, but most employers are agreeable to granting a four-day workweek while you pursue your degree. Since classes are held at times that are convenient for working professionals, students are able to balance school and work without sacrificing performance.
How You Will Pay for Your Degree
You can pay for your degree using personal savings, or taking out a federal or private loan. Some students will be eligible for scholarship opportunities offered by their school, community or country. While the way in which you pay for tuition is unlikely to differ from one program to another, the portion that you’re responsible for may. Since EMBA students are able to continue working, their employer might offer reimbursement to cover the cost of attendance. Master’s of Business Administration of companies offered their employees full reimbursement for their EMBA degree in 2009. While your employer may not cover the cost in full, they may extend partial assistance.