Many executives who are looking for an opportunity to receive their Masters degree without impinging on their current responsibilities are turning to Executive MBA’s. These unique programs offer professionals a curriculum that fits neatly into their professional world. The programs are designed for a group setting and in most cases, a group of students will begin and complete the program together. The short length of the program, typically two years, is also advantageous. Still, many professionals wonder about executive MBA’s: are they needed and what’s the value?
Executive MBA programs are similar to more traditional MBA programs. Courses include advanced finances, accounting, management, statistics, information systems and marketing. In the competitive world of upper management and executive positions, obtaining an advanced degree is often a necessity. The nature of the executive MBA makes this possible for those who otherwise would not be able to.
People who are attracted to the Executive MBA program are varied. Most share a desire to grow professionally and who do not have the time to complete a more traditional program. In most cases, EMBA candidates have ten or more years experience in their given field. Individual schools may have a variety of other requirements as well. These may include professional recommendations, GMAT scores and a complete professional resume.
Obtaining an executive MBA can have a large impact on your career. The degree represents another level of experience and sophistication. Advanced knowledge and new skills allow you to expand your roles. In a world that is competitive on a global nature, this experience and these skills can be invaluable. For self-employed individuals, the degree is equally useful. It will provide you with yet another platform from which to launch future business endeavors and successes.
Price may be a concern when deciding whether to obtain your executive MBA. It is true that the cost can seem quite steep; however, the price of the degree is an investment in your future. In some cases, it may be possible to defray the cost by working with your employer. Even if this is not the case, understanding the inherent benefits of an MBA and an executive MBA in particular, often makes the price of the degree well worthwhile.
Determining if an executive MBA degree is ideal for you is a personal decision. The price and time commitment often seem steep. Still, the benefits and the potential for future job growth and potential increased earnings often make working towards this degree a simple decision for many professionals.
If you are considering working towards an EMBA, discuss the matter with your employer. Doing so may help you defray some of the costs. It will also give you an idea of what benefits you can hope to reap upon completing your degree.
Considering advancing your education even further? Executive MBA programs are known for turning managers into full-fledged executive and c-level leaders, showing you how to think strategically, motivate staff, and expand business.
In an article in the Wall Street Journal’s Career Journal, these are the top 5:
1. Northwestern University’s Kellogg School of Management
2. University of Pennsylvania’s Wharton School
3. The Thunderbird School of Global Management
4. University of Southern California’s Marshall School of Business
5. University of North Carolina’s Kenan-Flagler Business School
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