The Executive MBA (EMBA) is often misconstrued as a ‘superior’ form of the MBA, but it is in fact a part-time course aimed at candidates with more work experience and expertise than the average MBA applicant.
The degree classifications hold the same merit at graduation but vary wildly in purpose and delivery format, meaning you get a totally different experience than the full-time MBA student. Bearing this in mind, you can get a good idea of whether an EMBA is the best fit for you.
Admissions and funding your studies
The EMBA is designed for managers with considerable work experience, usually around 10-15 years. Considering this, it’s unsurprising that EMBA students have an average age of 38, compared to 28 in the MBA.
However, there are cases where candidates in their late 20s or early 30s are operating at an executive level, such as in industries like technology where employees tend to be promoted quickly and reach an executive level before they are 35. If you are younger but feel you fit into the executive category, an EMBA may still be right for you.
Not all EMBA courses require a GMAT, but most of the top schools will require some sort of standardized test, which could also include the relatively new Executive Assessment test. This has been designed by the Graduate Management Admission Council (GMAC), the creators of the GMAT exam, and was developed for time-sensitive executives, as it’s easy to schedule, shorter than the GMAT, and requires moderate preparation.
The EMBA, much like the MBA, requires letters of recommendation, and a school may also require proof from a candidate’s employer that they support you in undertaking the degree, which is especially important for an EMBA where your work-study balance will influence your success in the program.
The part-time nature of the EMBA has substantial financial implications on funding your studies. As it is part-time, EMBA candidates can work and earn a full-time salary while studying, and likely won’t have to think about some of the costs associated with a full-time study program, such as accommodation and relocation expenses.
It’s very common for an EMBA candidate to have the majority, if not the entirety, of their tuition covered by their employer, in a practice known as sponsorship. Students who are company-funded may be required to commit to that company for a few years after graduation.
Recently, there has been an increase in self-funded EMBA students, reflected by the fact that an increasing number of schools are offering EMBA scholarships. The cost of EMBA tuition varies significantly depending on the region the program is in, the teaching standards of the program, the reputation of the school, as well as several other factors. Depending on the program, fees worldwide range from under US$30,000 to over US$150,000.



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