The Executive MBA or EMBA program is designed specifically for professionals with a lot of work experience who hold managerial and supervisory positions. The program is tailored to provide students in depth knowledge on business practices and approaches. It does not typically cover basic business concepts since it is assumed that students are already familiar with those. The target students of an EMBA program are working full time so courses will be held in evenings or weekends to accommodate their schedule.
The coursework is intense so students can get their degree in two years , but most of them choose to take fewer courses so it might take them three or more years to graduate. Most universities will require eight or more years of relevant business experience for students of an EMBA.
The program is not aimed for people who have just gotten their undergraduate degree or are still in their early years of their careers. EMBA programs will have more advanced concepts so they will only consider applicants who have been in business for some time. The EMBA is quite expensive but most of them are company funded.
This means that employers will pay for their best employees to gain new skills and apply them within the company. The free education comes with some strings attached though because the EMBA students will be required to stay in the company for a predetermined time, usually a few years, to make sure that the investment in them is paid off. If your EMBA is not sponsored by your employer, you can take student loans since scholarships and financial aid are rarely available.
The credits are usually more than the full time MBA to be able to reach graduation in time. This type of MBA degree is for students who want to get the degree in a very short amount of time and get back to the labor market. They might be students who have just gotten their undergraduate degrees or professionals who cannot afford to stay in school for more than one year.
The curriculum is similar to the full time MBA program, but with a heavier course load. There are fewer breaks , with students sometimes required to attend lectures during weekends. There might also be a winter and a summer semester so there is no time for internships or research opportunities. The cost of the Accelerated MBA is higher than other types because of its intensity.
To fund it, students can take advantage of scholarships and financial aid , as well as student loans. Students should also check with their employers for any funding or grant opportunities. Business is increasingly becoming more global and overcoming national borders. Companies and corporations expand in different countries and the demand for global business skills has increased.
That is why universities have introduced their global MBA programs. The global MBA is for working professionals from all over the world who are engaged in international business.
It brings together a group of highly diverse people who can share and discuss business practices from different regions and countries. The program takes one to two years to complete and has full time course work. The curriculum is similar to the full time MBA but it takes more of a global perspective on the pertaining issues and business concepts.
Global MBA programs are not designed for people without any work experience so the admitted students are usually those who have worked in managerial and supervisory positions before. The cost of the program is quite high but there might be employer funding or grants available to cover it. The online MBA is another innovative solution for people who have work and family obligations. It is in the form of distance learning which is becoming increasingly popular in all fields of study.
The online MBA gives students the opportunity to use technology to get their degree. All courses which make up the online MBA are taught on virtual platforms. Students might be able to access prerecorded lectures or watch live lectures from the professors. They can do assignments and projects as well as discuss with their peers online. The time it will take to complete an MBA depends on the commitment of the students. They can complete it as a full time or part time MBA, so it can take between two to five years of study.
The curriculum is similar to the on-campus MBA degrees but is modified to fit the virtual platforms it is taught on. The benefits of the online MBA include the diversity of students who can access the courses from different countries of the world and with various working experience.
They can share business practices and have in depth discussions which lead to learning different perspectives. The cost for online degrees is much lower than other MBA degrees as there are no expenses for relocation and students can spread the tuition over several semesters. There are most likely no scholarship or financial aid opportunities , but students can access loans or company funding.
This allows companies to enroll their employees in an intensive program with a customized curriculum. The curriculum will be compiled from professors and employers to teach the skills that the company needs the employees to have. In addition to time and location, another way to analyze the variety of MBA types is by examining the concentrations of different MBA degrees. Some MBA concentrations you might find include:. When it comes to choosing a concentration for different MBA degrees, three of these stand out because they represent a large number of jobs in a wide variety of industries:.
An entrepreneurship concentration MBA includes studies on ideation, concept development, situation analysis, identifying core competencies, prototyping, and market introduction. MBA entrepreneurship students learn to collaborate and iterate on market opportunities and potential solutions, and turn a business idea into reality by assessing risks before new developing products or services.
Finance concentration MBA types focus on the financial aspects of business like accounting, investing theory and practice, portfolio management, and international finance. A leadership concentration covers the foundations of leading an organization, acting as a strategic leader, integrating leadership theory and practice responsibly, and gaining cultural competence to be an effective leader in international settings.
Earning an Master of Business Administration degree increases your chances of getting a higher salary at your current company and help position you for opportunities with other companies. MBA-holders who focused on finance, economics, accounting, entrepreneurship, leadership, marketing, and management can potentially double their income—another reason to consider a concentration in entrepreneurship, finance, or leadership.
This type of MBA program keeps a driven pace toward graduation, while also allowing for students to balance their own work and life demands. Classes meet one evening per week. You'll study statistics, analytics, accounting, and more.
Need help getting your startup off the ground? Consider a specialized MBA in Entrepreneurship, which offers critical management and business development experience as well as the skills entrepreneurs will need to pitch ideas and secure funding. If marketing and advertising are more your style, consider a specialized MBA in Marketing. You'll learn how to promote products and services, design and execute marketing campaigns, and communicate with customers—skills that can be applied across marketing and sales roles at B2C and B2B companies.
A specialized MBA in Operations Management focuses on planning, organizing, and managing production to maximize efficiency. If you're interested in supply chain management or logistics, consider this specialty. If you want to manage how data moves within companies, between them, and into the world, consider this specialty. Take a GMAT practice test with us under the same conditions as the real thing.
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