With each passing day, MBA and its types have become the degree for those who are already pursuing their careers in different organizations. That is why universities and colleges are trying to make as feasible as possible for the professionals, so they can add more degrees in their CV while working professionally. Executive MBA is also one of those innovations of the colleges and universities that are opening the doors of new degree programs for the professionals.
However, these degree programs are new, and people doesn’t have enough knowledge about them that is why being a philanthropist educationist, I decided to write a post in which I am going to discuss some points on MBA and Executive MBA which will clear all your questions regarding MBA and E-MBA.
An MBA or Master of Business Administration is a two-year degree program which can be extended to three to four years if the student chooses it. The average age of a student in MBA is 25 to 28. There is no requirement for MBA to show any of your work experience but the universities usually take the GMAT as part of their admission process just to make sure either the student is capable enough or not for this prestigious degree program.
An Executive Master of Business Administration degree is also a two-year degree program, but it can be extended to a five-year degree program with the managerial experience. Because of this managerial experience, the average age of the students in E-MBA ranges from 32 to 38 years old. However, people with excellent past experiences in different organizations or with any achievements in their respected fields are eligible to get this degree in much less time than others.
It is very tough for a student to do any other thing with the MBA. If you are enrolled in MBA, then you have to face intensive schedules which will make tough for you to do any job outside the program. On the other hand, the student of E-MBA can not only keep their jobs outside the program but can also give it a proper time while attending the class only on the weekends.
Apart from the core business classes, an MBA student can specialize in the areas like finance, marketing and entrepreneurship with no liberty of choosing the class on their preferable time. Conversely, an E-MBA student completes their degree in faster-paced classes while covering the same material. An E-MBA is designed for the student, so they can take more classes in the shortest time that is why this program offers very few electives. E-MBA is a great degree program for the professionals that helps them to do networking by sharing the classroom with other employees of different companies. However, it depends a lot on the individual to how to work in the group and how to create a good working environment with their fellows so he or she can build a positive image in the mind of others.
The tuition fee of MBA is a bit less than the tuition fee of E-MBA. The average tuition fee of MBA in the US is around $150,000 to $170,000. The tuition fee is affordable for those who are only relying on their parent’s support or any scholarship or funding.
There is no doubt that the tuition fee of E-MBA is more than an MBA, but there are other options too to afford it for the people who are eligible for this degree program. Most of the time, the companies in which the person is employed take some responsibilities of the tuition fee. Whatever skills the person will generate from this degree program will directly affect the company through his performance. Many good businesses that understand the value of investing in their employees do such sort of training programs which not only make their employ skilled but also make them loyal to their company.
Return On Investment:
Education is an investment which you do in your future. Just like every other investment, everyone wants return on that as soon as possible. This is where there is a big difference in MBA, and E-MBA. Although E-MBA is more expensive than the MBA but it gives you all your money back in just two years. There are many reasons why the student will get a quick return of an expensive degree program. Some of them are listed below.
- The student of E-MBA are already professionals and working in the field with handsome salaries. They don’t have to waste their time in searching the job after their Masters.
- Because most of the companies bare particular amount of tuition fee of the degree, that is why the remaining cost of the degree afforded by the employer of the company remain much less than MBA cost. Hence less time of return.
- Whenever an employer gets a new degree, his chances of getting a promotion in the company also increases based on his skills and qualifications. Most of the employers who do E-MBA gets an immediate promotion or increment in their salaries which also affects the time of their return on investment which they have made on E-MBA.
E-MBA is More Focused Than MBA:
The reason of having fewer electives in E-MBA as compared to an MBA is not just to make it a quick paced degree. It also means that E-MBA is a more focused version of MBA. Those who do MBA are new and students only who doesn’t have any industry experience and need to be taught the basics. On the other hand, every individual who applies for the E-MBA has some sort of professional background and know more than the basics of his field. He or she doesn’t need to be taught the basics of his field. Instead of the basics, this program is more focused on the other aspects of the majors which make it an advanced and more focused version of MBA.
One thing which you should remember that no degree program in the world guarantees success even if you do not do the required effort for it. Above are the points which I think are enough to make a choice for you. All you have to do is to analyze yourself first and then take action.
Bramwell Osula is a Master’s in Education Sciences from The University of Mississippi and a freelance blogger and academic writer who also provide essay service. His passion for education and blogging is not limited to any one field, and he likes to read and write about everything related to education.