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Whether students opt for an EMBA or an MBA depends primarily on the phase of their life that they are presently in. While there are actually no rules to this, EMBA applicants tend to be older and seek to enrich their existing knowledge with tangible, immediate takeaways. On the other hand, full-time MBA candidates are at an earlier phase in their career and have focus on basic skill set along with exploring new career opportunities. So, what’s your best fit? Hundreds of accredited MBA and EMBA programs are offered in schools everywhere, but most aspirants do not know the difference between them. ‘EMBA’ stands for an ‘Executive Master of Business Administration’.
Both MBA and EMBA are equal in terms of value on graduation but they are delivered in entirely different ways. So, how do you decide which course you should apply for? Let’s look at the basic differences in order to make an informed choice:
a) Prerequisites: Most MBA courses use the GMAT as an additional requirement for candidates who may be high-achieving graduates. While EMBA needs some work experience from those who want to move into business administration or management as a long-term career goal.
b) Time investment: Regular MBA provides personalization through electives, allowing students to design their own course to suit their career goals.
While, EMBA programs tend not to be as flexible in terms of content, with few or no elective modules offered. Instead, they’re focused on general, broad training and it’s then the student’s responsibility to apply it to their chosen profession, field or industry.
c) Finance: Numerous EMBA candidates get their tuition covered by their employers because this form of sponsorship is seen as a worthy investment for training managers who could then apply newly acquired skills to their work. In stark contrast, full-time MBAs are overwhelmingly self-funded and most cohorts contain just a small proportion of sponsored students. On the whole, neither an MBA nor an EMBA guarantees a job security. But both equip an aspirant with skills like a valuable business network and some prestige that comes with a higher degree; the preference ultimately comes down to only individualistic flexibility in timing and money.
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