For management aspirants looking to develop their business and management skills in the workplace, the MBA is a popular choice. After all, the MBA is an internationally recognized management degree to start a career in business and management. However, an MBA program can also be an expensive investment, with some top colleges charging upwards of $100,000 over its two-year term. An Executive MBA may prove to be an effective alternative to a traditional MBA program depending on your current preferences and requirements. But before making a decision between Executive MBA and MBA, it is important to understand the differences between these two programs and what they offer. This blog post Executive MBA Vs MBA: Which is Better and Why? will help you make the final decision based on your goals. Let’s find out!
MBA vs Executive MBA
- The MBA is a postgraduate degree suitable for students who wish to pursue a career in business and management.
- While pursuing a regular MBA, you must complete an internship in a company within the past year. It is basically to gain practical experience in business and management.
- The MBA course teaches you the basics of business covering accounting, economics, management and communications.
- EMBA (Executive MBA)
- The EMBA course is specifically designed for labor and business professionals who want to hone their practical business skills and increase their exposure to the corporate world. These are part-time MBA programs specifically designed for professionals currently in managerial or supervisory positions.
- EMBA courses focus less on general topics and more on solving business problems through assignments and examples. The program is more focused on skill development through real-life management challenges.
Difference Between MBA and Executive MBA
|An MBA is a regular postgraduate or master’s degree offered by the university to students so that they can have a thorough understanding of business and management.||The EMBA is a graduate program in management offered to business professionals or working management professionals of a company who wish to improve their skills in the field of business or management.|
|Course duration – 2 to 3 years||Course duration – 1 to 2 years|
|The main objective of the MBA course is to impart theoretical and managerial knowledge to business and management students.||The main objective of an EMBA program is to impart practical knowledge of the business world, problem-solving skills and decision-making skills.|
|This is a full-time course duration. The candidate must study the whole academic year||EMBA is a part-time course and classes take place on Fridays, Saturdays and Sundays|
|For an MBA course, you have to manage your fees yourself.||In the EMBA program, your employers pay for your tuition and sponsor it.|
|Bachelor’s degree with a high GPA score||Licence|
|Years of work experience – Not required||10+ years of work experience required|
|Expected GMAT score of 600-700 required||GMAT entry is only required if the candidate does not have a bachelor’s degree|
|Course schedule – Full time||Course schedule – Part-time|
|Age range of students around 20+||Age range of students around 30+|
|Fees – $40,000 on average||Fees – $55,000 on average|
|Career goals – Early Career and Advancement, Domain Specialization||Career goals – Leadership Development, Addressing Knowledge Gaps|
MBA vs Executive MBA: Eligibility Criteria
The basic requirements for admission to MBA or EMBA programs remain more or less the same. These are:
- GMAT or GRE entrance exam
- Total 2-3 years of professional experience in the case of an MBA or 5-6 years of professional experience in the case of an EMBA.
What is a GMAT exam?
GMAT stands for Graduate Management Admission Test. You must pass the GMAT entrance exam to be admitted to the international MBA program. GMAT tests your skills on verbal skills, reasoning, analytical skills, and math. You need to score well on the GMAT to get an offer letter from international business schools.
EMBA employer sponsorship
Employer sponsorship means that an employer pays all or part of all of their employee’s EMBA program tuition. In return, this employee must continue to work for the employer for a certain period of time in order to guarantee the company the benefits of his investment.
Career options after an MBA
- Management Consulting
- investment bank
- Project management
- Business development
- Project management
- Human Resource Management
Career options after an EMBA degree
After successfully completing your Executive MBA degree program, you can seek more responsible positions in the same company and implement your newly acquired skills. A person can expect a salary increase also after an EMBA degree for their new skills and experience.
Executive MBA vs MBA Salary
Research studies have shown that EMBA and MBA graduates are likely to see a substantial increase in their salaries after graduating. According to the latest 2020 survey of approximately 1,500 US-based EMBA students, the average salary and bonuses before the program started was approximately $169,000. and after completion of the EMBA program, the average salary rose to around $193,000.
Similarly, a latest survey report from 2021 showed that the average salary for MBA graduates in US-based companies was around $115,000 or so, while bachelor’s degree graduates earned a median salary around $65,000 or so.
MBA vs Executive MBA: how to decide?
If you are in the early stages of your career, or trying to explore a new career opportunity, or even want to brush up on your business skills, consider an MBA program. However, if you are a labor or business professional with many years of experience and intend to enhance your existing skills and knowledge, the EMBA is the right fit for you. EMBA is a flexible and concentration-oriented program.
The MBA and EMBA programs give you credibility for your CV, allowing you to find various career opportunities and climb the corporate ladder. Executive MBA vs MBA – Which is better and why? depends on your career goals and current job requirements. I hope this blog post has made it clear to you the difference between MBA and Executive MBA and what they offer. That’s all for the moment! I liked this blog! Leave a comment and please share the blog.