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The core courses in an MBA program cover various areas of business such as accounting, finance, marketing, human resources, and operations in a manner most relevant to management analysis and strategy. Executive MBA EMBA programs developed to meet the educational needs of managers and executives, allowing students to earn an MBA or another business-related graduate degree in two years or less while working full-time. Participants come from every type and size of organization — profit, nonprofit, government — representing a variety of industries. EMBA students typically have a higher level of work experience, often 10 years or more, compared to other MBA students. While Executive MBA programs are sometimes, mistakenly, thought of as part-time programs, their schedules are generally not aligned with the evenings and weekends nature of part-time programs. Executive MBA programs were initially started as employer-sponsored programs, but almost 50% of EMBA candidates now are self-funded. Since these programs do require the candidate to be away from work typically between 40 and 60 days over the duration of the program , approval from the employer is required even in the case of self-funded candidates. The Executive MBA Council was formed in 1981 to accredit schools of business offering EMBA degrees worldwide. An Executive MBA can help you accelerate your career, in both the short and long terms. According to research by the Executive MBA Council, 65% of EMBA students received promotions either during or immediately upon completion of their programs. The survey showed that the percentage of graduates who received new responsibilities increased slightly from 51 percent in 2013 to 53 percent in 2014, as well as those who reported a promotion during their time in the program, from 38 percent in 2013 to 41 percent in 2014. In the Alumni Perspectives Survey by the Graduate Management Admission Council, 73% of EMBA alumni said that their expectations of recouping their investment were met or exceeded. I think the EMBA seals the deal on your potential. Because they attract experienced business leaders who want to take the next step in their careers, Executive MBA Programs are in a unique position to emphasize and nurture leadership. Marc Tarragó credits his EMBA with helping him move to his dream job as a manager of the number one winery in Spain, Torres. When that happens, I look at what I can change and develop a plan to attack the most significant actions. I definitely continue to benefit. One year before Ronald Tichelaar entered his Executive MBA Program, his company, Ames, SA, opened a new plant in Spain. He is the president and CEO of the organization. According to 2011 research by the Executive MBA Council, 90% EMBA Programs organize international trips for their students. Michelle Reid was working for a health care start-up when she entered the Executive MBA. She wanted to join IBM. During a class break, Reid met Bheemsen Athanikar, an IBM executive who mentioned an opening at the company that matched her qualifications. By the end of classes that day, Athanikar interviewed Reid. Three months later she was hired as an account manager for application managed services at IBM. Ellen Sanderson, learned about an opening in her field from her classmate Paul Weintraub, a principal at Philips Healthcare. After interviewing with Weintraub, Philips hired Sanderson as a senior manager for its Clinical and Business Performance Improvement Global Solutions group. The founder of Sakos Activegear Company, Inc. The duration of the programs can differ substantially: only 14 months for the to a full 21 months for the. Similarly, there are differences in the time for which you need to be away from work. The requires only ~45 workdays, while needs you to be away from work for ~64 days over the duration of the program not counting travel etc. Often, gaining a valuable credential from a reputed institution is a key objective of the EMBA students. If this is important to you, then consider deeply the renown and reputation of the business school. Remember, reputation is different from ranking — rankings can fluctuate quickly and significantly, while reputation is relatively stable. A big part of your Executive MBA will be the people sitting next to you — they contribute to your learning experience as well as your network. Which student body is best for you? At Columbia, more ~30% students come from finance roles than at Kellogg ~10%. At , the average experience is 10 yrs, while at , students have 20 years of experience behind them on average. You would need the support of your employer to venture on this journey. The support could come in the form of one or more of: time to study, program fee full or partial , or commitment to an interdepartmental move or promotion upon completion of the program. According to research by the Executive MBA Council, 66% of Executive MBA students obtain some kind of tuition reimbursement from their employers, and 30% receive full tuition reimbursement. You also need logistical support — a concrete commitment to and plan for allowing you to be away from work on school days or to leave office early on certain days. You should approach the discussion with your employer very professionally and develop a business case why they should support you. Executive MBA programs directly benefit organizations because they offer the knowledge and tools that managers need to excel on the job. Executive MBA students immediately bring best practices and new ideas to their organizations. Overall, they work more effectively throughout the organization and apply their new knowledge to improve the effectiveness of current projects. They also develop strong relationships with professionals and executives across sectors and geographies. These exposures often inspire the students to generate new sources of revenue for the company and to take advantage of international opportunities. As a tool to further develop organizational talent, the Executive MBA degree grooms talent to assume greater responsibility in less time, assists in the retention of high-potential leaders, and helps increase motivation and confidence. The sponsoring companies find that these high-achieving employees feel rewarded for their hard work and are more likely to stay with the company that paid for their education. At Deloitte the employee pays the cost of his or her MBA program upfront. The company then reimburses the cost — 50 percent after the first year the employee returns to the company and 50 percent the second year. Approximately 75% of employees return to Deloitte. Even two and three years out of the program, the company finds it has higher retention rates with those who participated than those who did not. Another benefit lies in attracting future top talent. A prospective employee being wooed by multiple corporations with exciting job offers may take note of the fact that one organization in particular sponsors its top talent to pursue higher education. The objective of the Executive MBA is to help students accelerate their careers within their companies or industries. The Executive MBA will not enable you to break into Investment Banking, Management Consulting or Private Equity unless you are already closely aligned with these industries. While a few of the schools offer scholarships, such funding rarely exceeds 15-20% of the tuition fee. If you are funding your own education, you should consider the total costs of the program, not just the tuition fees. You should also consider whether the Executive MBA is the best investment in your future, in view of the opportunity costs. As a side-note, in the United States, Executive MBA students can deduct degree-related expenses, including tuition, when filing their taxes. The Executive MBA is a significant commitment. Any work-life balance that you may have delicately maintained would need to be re-evaluated and re-negotiated. You would probably need to account for 20-30 hours per week for your Executive MBA. This, of course, is in addition to your job. Do you have that kind of time? Look back at your life: have you successfully handled this scale of time-management challenge before? How does your family feel about you being AWOL for household chores or important life events? Does your organization share your attraction to the Executive MBA? Does it share your vision of your future potential? Will it support your Executive MBA? On a basic level, you need to know whether MBAs are valued in your organization. Are your seniors actively encouraging you to get one or merely humoring your ambition? Have a candid and thorough conversation with your supervisors and mentors. What future do they see for you in the organization? What specific positions or responsibilities might an Executive MBA open up for you?