People often use the terms Executive MBA and traditional MBA in conversation, with the assumption that both are the same and the expressions are generally known to the public.
Regardless of the controversy in Nigeria about business school rankings, credentials will remain highly important in today’s economy.
Many would like the freedom to get acknowledged based solely on his or her experience, intelligence, and ability to carry out the job, however, it does not work that way anymore.
Often moving up the corporate ladder requires furthering education. This is just what makes Executive MBA programs desirable for the career minded people. What exactly is an EMBA (Executive MBA) and do you know the benefit of getting one? Read on to find out more.
What is An EMBA (Executive MBA)?
An Executive MBA, just like a traditional MBA, is a graduate level business degree. Regardless of the more prestigious sounding name, many incorrectly consider this kind of degree to lack prestige. It has been designed in order to meet the educational needs of executives who have been in their careers for several years.
Some of the professionals who enter executive MBA programs include managers, lower level executives, and entrepreneurs, along with other types of business leaders. These programs come with flexible hours to ensure students are able to maintain their busy work schedules and still achieve the highest level of credentials they need.
EMBA Programs vs. Traditional MBA Programs
Many people in Nigeria continue to hold the traditional MBA in higher esteem than the executive MBA. This is because it’s assumed traditional MBA programs tend to be more rigorous and also have tighter entrance requirements, but that is simply not the case. That is why choosing a professional program determined by executive MBA rankings is so important.
While there are several institutions in Nigeria that create and give sub-standard programs for the executive MBA, most programs from the top business schools do have a curriculum that is demanding as any other reputable traditional MBA program.
The major difference between these two types of MBA programs is that applicants for an executive MBA program are required to have no less than 5yrs of work experience. Moreover, they don’t have to take the GMAT, an exam that is needed for entering traditional MBA programs.
Another difference is that students pursuing a professional MBA don’t get to choose their classes each semester. Instead, the classes are chosen for them because the program incorporates a step-lock way for class completion. This means that students often complete the entire program with the exact same classmates they had from the beginning.
The Benefits of EMBA Programs
Many find this program attractive mainly because there is no GMAT required, although work experience requirement can prove challenging for many. Executive MBA programs effectively prepare students for upper-level management positions, making it perfect for many working professionals who require a promotion.
Some companies support their employees’ efforts in professional development and give reimbursement, even tuition coverage, to those who are interested in an executive MBA program, so that makes it even more attractive in today’s job market.
Executive MBA programs clearly are not for everybody. People that want an MBA, but lack the significant knowledge required, may need to sit for the GMAT, entering a regular MBA program.
Still, both programs provide just as much educational experience, preparing today’s students to be tomorrow’s high level executives.