The study of an MBA degree has always been preferred by numerous students residing in India and abroad for better opportunities and successful growth. But, have you been wondering what impact an executive MBA program can have on your career? Or, how is the degree different from the traditional MBA courses?
An Executive Master’s in Business Administration is all about combining relevant work experience and an MBA degree, which generally sounds like a solid combination. Through discussions, seminars, case studies, and other teaching methods, this program focuses learning primarily on practical knowledge. You can check out this blog for a more thorough understanding of this special course.
What is an EMBA?
World’s first EMBA course came into existence at the University of Chicago in 1943 and has gained popularity throughout the years. Being one of the top-rated B schools in Mumbai, this particular course is offered by the Universal Business School, which has the distinctive quality of drawing more than 100 CEOs and business leaders each year to share their business insights with its students.
An Executive Master in Business Administration is a postgraduate degree, specifically designed to advance the careers of managers, executives, and business professionals in the workforce. Typically, it takes one to two years to finish the curriculum. By integrating coursework with practical professional experience, candidates develop a wide range of new skills and strengthen their analytical thinking during this time. However, the entry cost for EMBA institutes is somewhat greater than that of standard MBA programs. Moreover, different firms typically offer financial aid to their employees so they can pursue this professional course.
Candidates might select an appropriate EMBA specialization based on their line of work. Some of those prominent specializations include the names of-
- Sales and Marketing
- Human Resource
- Information Technology
- International Business
- Infrastructure Development
What sets the Executive MBA apart from other MBA courses?
An Executive Master of Business Administration differs from a standard Master of Business Administration in a few ways. Following is a list of some of those:
- Both theoretical and practical expertise is emphasized in a standard MBA program. An Executive Master of Business Administration, on the other hand, places more of an emphasis on practical knowledge to hone decision-making and problem-solving abilities.
- A typical MBA program takes two to three years to complete. In contrast, the Executive MBA program’s course length is one to two years.
- Throughout the academic year, the University offers classes for its full-time MBA program. In contrast, Executive Master of Business Administration classes are held on the weekends.
- For admission to an MBA program, a student must be a graduate and have completed the entrance exam required by the university or school. On the other hand, a person qualifies for an Executive MBA if they have graduated and have the minimum amount of work experience required by their university or institute.
- For those who desire to pursue a master’s degree in business management to gain better exposure, the master of business administration is a good option. The EMBA, on the other hand, is best suited for professionals who have some experience and want to improve their skills and advance their careers.
Possible benefits of pursuing an Executive MBA
Given that an EMBA is more expensive than a standard MBA program and requires more time outside of work, it is advisable to first determine whether it is viable. These programs can be time and energy-intensive because they depend largely on teamwork. In this context, let us talk about the long-term effects and advantages of this degree:
- Career Advancement: Due to the EMBA’s emphasis on managerial and business-related training, you will be qualified for better promotions and positions with greater responsibility. A better profile is sure to help your career graph, whether you want to establish your own company or add value to the one you are working at.
- Adaptability: You are meant to become more flexible to the ever-evolving company trends through the best executive MBA programs. This is because the course fosters flexibility and receptivity to innovations and changes in the corporate world, as opposed to a traditional degree where you are taught some fixed principles. It also motivates you to reexamine your job objectives and long-term planning.
- Updated skill sets: The practical information you get from the program can be immediately applied to your manner of working. For graduates, who can subsequently radically change the course of their profession, it is much more advantageous. In addition to gaining technical knowledge, you will improve your communication skills and learn how to approach the same issues from a managerial standpoint.
- More effective professional network: You can meet people from various organizations, and backgrounds because of your EMBA. The executive MBA for working professionals generally incorporates team-building exercises, you will be able to gain new perspectives from knowledgeable individuals belonging to various industries. This sharpens your personality as a whole and has a big impact on your work.
As a whole, unlike standard degrees, this study program is distinctive in that it allows for both employment and education, unlike others. The motivations for choosing this career path vary from person to person, according to the facts. Some want to pursue it to increase their networking possibilities, while others want to study it to develop their managerial skills.
A thorough breakdown of the factors, along with the proportion of students who took them into account, is shown in the chart below:
Source: Financial Times
Popular Job Profiles after completing an Executive Master of Business Administration
Despite the fact that the EMBA is mostly pursued by members of the working class, those who enroll in this program can advance their careers and their industries. Among the renowned MBA institutes in Mumbai, the Universal Business School can provide you with excellent guidance to find the best-suited role available for you. Candidates pursuing this course can expect a package of around INR 10 lakhs to INR 12 lakhs or above.
A few of the top-listed job roles after an EMBA program include the following:
- Sr. Human Resources (HR) Manager
- Training and Development Manager
- SAP Consultant
- Business Development Manager
- Administrative Manager
- Management Consultant
The amount of experience and ideas that students bring to the program is what significantly sets the executive MBA apart from other MBA programs. The majority of EMBA programs include students’ professional experience and knowledge in the curriculum. Your worthwhile professional experiences are discussed and used as real-time case studies. Moreover, your obstacles are also being examined, and people from many industries and fields come together to exchange ideas and practices in this program.
- What are some crucial pointers for picking the ideal executive MBA program?
When choosing an EMBA program, it’s crucial to find one that fits your schedule, carefully analyze the admissions procedure, demonstrate how the program connects with your professional aspirations, and hunt for the right location.
- Is EMBA superior to MBA?
The Executive Master of Business Administration is often thought of as a higher level of MBA coursework. When in reality, both programs are equally prestigious and valuable for students. Their distinct goals and modes of delivery, which produce two very different experiences, are what distinguish them.
- What value does an Executive MBA have in India?
In India, professionals with an EMBA degree have a very promising future. An executive MBA will boost your market value as many Indian executives desire professional stability and advancement.
- What elective courses typically make up an executive MBA’s curriculum?
Entrepreneurial Learning, Production and Operations Management, Finance and Accounting, Economics and Social Sciences, Corporate Strategy and Policy, Organizational Behavior and Human Resources Management, Decision Sciences, and Information systems are among the important elective subjects of the EMBA program.
- Is it possible to work while enrolled in an Executive MBA program?
Due to the commitment required for a one-year full-time Executive MBA, working concurrently is not an option. There is rarely enough time left to continue working due to the curriculum, course design, and other university events. If a prospective Executive MBA student chooses to keep working while enrolled in the program, a Part-Time MBA or Distance MBA would be a better choice.