An MBA, Master of Business Administration, is a graduate degree earned primarily by business professionals. An executive MBA is a program tailored to fit the schedules of working adults. It varies slightly from a traditional MBA. Students earning a traditional MBA are generally required to attend classes full-time, including day classes. This schedule is not suitable for working adults. Because of this, many colleges and universities have begun offering executive MBA programs.
To address these needs, many universities have figured out a way to offer MBA programs for individuals that work full-time jobs. With these programs, classes are offered in the evenings, on weekends or online. Most of these programs do require, however, that students complete the program within two years. Another aspect of executive MBA programs is that they normally use a team approach. This means that a group of students attend the same classes over a period of time, usually 1 to 2 years. The student is in classes with the same group of their peers, which provides an opportunity for students to really get to know each other. One benefit of this is that students can learn from each other's experiences.
When comparing the differences between a traditional MBA program and an executive program, one key difference is the information the students learn. Many students, working on a traditional MBA program, lack employment experience in the business world, whereas those involved in an executive MBA program have significant business knowledge. Because of this difference, students in an executive program can focus more on learning real-world business applications. Another difference is that the cost of an executive MBA program might be slightly higher than a traditional program; however the costs vary tremendously depending on the colleges offering the programs.
Some companies will actually pay for their employees college programs, such as the executive MBA. If this is something that is offered at work, many employees will gladly accept the generous offer. It gives the chance for people to better themselves, without requiring any extra expenses. In cases like this, an executive MBA program is a must. It fits easily into a person's schedule, and does not disrupt the workplace. Earning an MBA degree, whether it is in he traditional manner, or the executive style, can help people succeed in their business careers.
An executive MBA (EMBA) is an intense, accelerated program that requires dedication and persistence. Many professionals choose to complete this program for the purpose of gaining career advancements and new opportunities. Others choose to do this because their employers have offered to pay for the entire program, which is called employer sponsorship.
According to the Executive MBA Council, people with an EMBA degree earn higher incomes, on average, than people without this degree. Whatever your reason is for completing the program, be prepared to work extremely hard.
One key part of an EMBA program is the opportunity for peer-to-peer learning. Most students in this program are already part of the workforce. They have worked in a business-type setting for years, and have a lot of experience. People with hands-on experience in the workplace have real-world knowledge. Because of this, students not only learn through the classes and course objectives, but they also learn real-world applications through their peers. This allows students to learn and gather new ideas, and it also teaches people how to interact with professionals in a more proficient manner.
There are several reasons why many employers choose to sponsor this program for their employees. Employers believe that this program helps professionals learn how to complete their job more efficiently and effectively. Employers may also feel that there is a direct correlation between the cost of this program and the return on the investment. If an employer sponsors this program for its employees, and their work leads to a stronger company, the employer has earned a worthwhile profit on the cost of the program.
During an executive MBA program, students study a variety of subjects. Every college determines a specific curriculum, which is a requirement for all students to take in order to pass this program. The curriculum often involves studying topics in accounting, business strategy, finance, economics, human resources, marketing management, manufacturing and production, operations management and statistics. With any MBA program, the topics discussed are generally very in-depth and students are required to complete detailed assignments at home. Students should also expect to complete projects and write numerous research papers.