If you are keen on becoming a successful small business person, you are probably already contemplating studying at top-notch business schools abroad. An MBA degree is a clear choice, but would an EMBA be a better choice?
To compose your mind, you should first learn the differences between the two prestigious business degrees. Naturally, you’ll also have to figure out if you fulfil the necessary conditions to be admitted for the level, and in the event that you can afford the tuition fee. We’ll cover all of this and more, to make your choice easier.
MBA vs EMBA – What’s the gap?
Masters of Business Administration or even MBAs are some of the most popular small business levels from the past ten years which continue to draw a great number of pupils, despite the high contest and pricey tuition rates.
First introduced at universities and colleges in the United States, now you can select from 2,500 MBA programmes from all over the world, a lot of them English-taught.
On the flip side, EMBAs or Executive MBAs have been all thought to be the best investments you can make for your future. Worldwide business colleges and universities introduced EMBA programmes to reply to the instruction needs of working executives, managers, supervisors, and other company leaders.
An EMBA (Executive Master of Business Administration) is more like a regular MBA, but in fact, they are built for seasoned working professionals, particularly chief officers, managers or business owners. Because they are working people, EMBA students may attend evening or weekend classes, permitting them to finish the Master’s degree within two decades or not.
Also, read about the Executive MBA joint degree program by IIT Bombay and Washington University in St. Louis.
Class schedule and research length
The course schedules for a conventional MBA degree are less flexible. Most MBAs are full-time, students have intensive programs, which will not usually enable them to join the MBA having a normal job. An MBA generally requires two years to finish, but it can be extended to four or three years if you decide to research part-time.
EMBA students are offered enrollment assistance, meal delivery, textbooks, and other useful tools.
They also have the exact colleagues throughout the whole length of their course, in contrast to MBA students who usually have various classmates from 1 year to the other. In terms of networking, meeting new people annually is an unbeatable benefit for MBA students.
MBA degree application demands
- Bachelor’s degree in any area
- Transcript of documents
- At least 3 years of professional work experience
- Experience in a manager role not compulsory, but it’s favoured
- GMAT exam score
- GRE exam score
- Minimum scores for the English language: PTE Academic 60, IELTS Academic 6.0, TOEFL iBT 70
- Letters of recommendation
- Minimum age limitation (only at some universities)
- EMBA degree application requirements
Remember the admission conditions for MBAs and EMBAs recorded above are general. Many universities may have additional criteria or they could require higher English language or GMAT/GRE test scores. Always check the programme research site or the university website for the official demands.
The Way to select between an MBA and an EMBA?
The fundamental Things Which You need to remember and that might help you determine are:
MBA courses normally have a predetermined schedule, in comparison to EMBAs, at which students attend classes in the evenings and on weekends. Due to the class versatility, EMBA students can quickly combine research with work. MBA students have an extensive choice of optional courses, compared to EMBA students.
Since EMBA students generally have o electives, it is possible to complete an EMBA in the identical period of time as an MBA. Both study options offer you exceptional credibility in the company environment, enabling you to discover career opportunities in a wide range of industries.
MBAs and Executive MBAs are recognized anywhere, and that means you aren’t limited to finding work in your home country. An MBA or EMBA graduate usually earns a greater salary, ranging from 90,000 to 150,000 EUR per year on average.
Must Read: 5 Executive MBA Tips to Maximise The ROI