Why Should You Do an Executive MBA (EMBA)?
If you are considering doing an Executive MBA (EMBA ) then you have probably been in the workforce for some time, and chances are you have a steady career. The fundamental difference between MBAs and EMBAs is that mostly, EMBA programs are designed for those in a later stage of their career. Candidates who opt for EMBA programs tend to have worked in the industry for a number of years, according to Forbes, 14 years on average, before pursuing their EMBA. The average age for an EMBA student is around 36 years old.
A main reason that you may be interested in pursuing an EMBA degree is to strengthen and acquire new business skills. Something commonly said by EMBA students and graduates is that they assumed that they knew all there was to know about their position and about running a business. However, it was quickly clear to them, once starting their EMBA degree, that there was still so much there was to learn. It is possible that new ideas, processes and even technology have emerged since students were last in a classroom setting.
Another reason many people accredit to their EMBA s that they feel stagnant in their career. They are looking to boost their career and move forward. An EMBA gives the recharge that may be needed to set new business and career goals. Receiving this new certification may bring you career advancement, or the possibility of switching careers altogether. An EMBA can bring forth new business opportunities and a possible increase in pay. According to a survey conducted by EMBAC, holding an EMBA degree brings an average salary raise of 14.6%. However, The Economist reports that an EMBA from a top 10 school can bring an average salary rise of 51%.
A huge advantage of EMBA degrees is that it gives a fresh and new perspective. It can teach more dynamic thinking and therefore increase creativity in the workplace. Your mindset regarding your career or business may alter which could enhance your business from a range of aspects. Whether approaching a task in a more productive way, or even communication between colleagues. Sometimes those who have been at a company or in a position for a number of years may need a new way of looking at things in order to jump over the hurdles in their way.
Interacting with new people with a wide variety of backgrounds also enhances diverse thinking. Not only with professors and lecturers, but also fellow students. Students may be from all over the world and have experience in many different industries such as general management, operations, marketing, finance and more. New ideas, thoughts, concepts are exchanged constantly, since generally classes and lectures are relatively small in size and discussions are greatly encouraged. These interactions help build your network and could be of help in the future both in your personal or business network.
To find out more about EMBA programs in the US and Europe click here.
For an explanation on the differences between an MBA, EMBA and Masters in Management programs click here.
ARINGO MBA Admissions Consultingis an expert on helping candidates apply to top MBA and top EMBA programs.