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Is there any value in Executive MBA

Is there any value in Executive MBA?

EMBA or Executive MBA is the most prominent degree for every working professional. But is it worth an investment? This question comes to each student’s mind before taking admitted to the EMBA program. Here, in this blog, we will discuss the importance of the executive MBA program and its worth for a working professional.

What is EMBA?

EMBA or executive MBA is a post-graduate degree program for working professionals that helps them in earning a degree without leaving their job. This program helps the learner in career advancement as the curriculum includes the latest technologies used in management or any business.

Is the Executive MBA worth it?

If we see the trend, applications to Executive Master of Business Administration (EMBA) programs increased by more than 30 percent between 2015 and 2019. This data is relatively high when we compare it to the traditional MBA course application. The EMBA program has plentiful benefits. We will discuss some of them here:

Networking Opportunities: 

This is one of the main areas where EMBA programs often outperform traditional MBA programs. EMBAs frequently group students into cohorts, allowing students to network with classmates in high-ranking positions. They also provide networking opportunities, guest lectures, career resources, and recruiter access.

Capstone Project: 

This is one of the main areas where EMBA programs often outperform traditional MBA programs. EMBAs frequently group students into cohorts, allowing students to network with classmates in high-ranking positions. They also provide networking opportunities, guest lectures, career resources, and recruiter access.

Promotion Opportunities: 

Executive MBA program graduates not only have higher starting salaries and earning potential, but they are also more likely to advance their careers by taking on more responsibility in management roles or founding their businesses. After earning their executive MBA, many graduates opt to change careers or look for new opportunities that could lead to more lucrative positions.

Online classes, residency classes, and regular classes: 

High-level professionals’ hectic schedules are taken into consideration when designing executive MBA programs. The executive MBA offers online, classroom, and residency formats to reduce the amount of time away from work and personal life.

The executive MBA program is quite expensive compared to the regular or online MBA course. But there are some provisions offered by the employer and other financial institutions to help them get this degree at the best price. As per the study, 36 percent of EMBA students are partially sponsored by employers. Furthermore, 25% of the candidates are fully sponsored and 53% receive a scholarship or any fellowship from the institutes.

The cost of the EMBA degree varies from 5 lakhs to 25 lakhs depending on the type of institute and specialization you choose. This expenditure can be recovered within a time of 1 year after the course is completed. If you pursue EMBA from one of the reputed institutes such as IIM, XLRI, FMS, Symbiosis, and Amity then it can help you get the best career opportunities that you cannot resist.

Points to keep in mind before looking for an EMBA program

Here are a few points that one must keep in mind before selecting an EMBA college:

  1. Choose the college that has a good rank and provides the latest curriculum as per the industry trend.
  2.  Look for the alumni status of the college as they have a good impact on the career.
  3.  Choose the specialization that is most suitable for your career.
  4.  Check for the course’s impact on your career.
  5.  Look for the previous students and question them about how the course is benefiting.

Is EMBA worth it?

Now the question arises is it worth investing in an EMBA course? Then, we can say yes! we should invest in such a degree that can help in getting career advancement and increments too. The course is a fast-track course that requires intensive study and gives you a real-time experience of the business world.

Be realistic about your salary and career expectations and be clear-headed about what you hope to gain before enrolling in an executive MBA program. When compared to a traditional, full-time MBA program, EMBA programs—which move at a faster pace and typically don’t require applicants to take the GMAT standardized entrance exam—are occasionally seen as less prestigious.

The second thing most EMBA students complain about is the lack of career management support from their programs. The number of employers called for regular students is far more than the number of employers called for the EMBA program.

However, EMBA students typically have ten more years of work experience in organizations than their full-time MBA counterparts. The average EMBA student is 37 years old, has 14 years of work experience, and is still employed, according to the Executive MBA Council. The students are overqualified for the positions they are looking to fill, which is one reason why businesses don’t court EMBA students during on-campus recruiting.

Conclusion

Instead of enrolling in an EMBA program, a full-time MBA program might be more advantageous if your objective is to change careers rather than simply advance in your current one. An EMBA program is a better option if you have several years of experience in one field and want to advance your career. Before enrolling in a program, do your homework and talk with your manager about how the degree might help you advance to a more senior position at the business.

EMBA program graduates are very happy with their education. Graduates praised the quality of the other students, the size of the classes, and how well the schedules matched their work schedules. In addition, during their time in the program, 38% of graduates received promotions, while 53% received new responsibilities.

College compare lets you have an in-depth understanding of the management courses. If you are a candidate looking for a management course then this is the right page to land on.

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