Find below the answers to some of the most common questions and doubts that pop up about an Executive MBA (EMBA)
EMBA or Executive Master of Business Administration is a graduate level, higher education course in Business Administration. It is meant mainly for working professionals who wish to pursue higher education and add to their portfolio along with their jobs. EMBAs can be flexible in their timings and duration. Students can take weekend classes, evening classes and pursue it over a period of one or two years. EMBAs are meant to enhance one’s knowledge and increase the practical experience along with education to explore more career options and avenues. For working professionals, the main advantage that an EMBA has is the theoretical knowledge gained can be applied practically at their jobs.
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1. What is an executive MBA and how is it different from a regular MBA?
An Executive MBA is primarily a graduate-level business degree meant for education and career enhancement for working or studying professionals. A regular MBA is for those who dedicate their time to a full-time degree in business. However, an executive MBA is meant for those who do not have the full time to visit an institution to complete a full-time business degree; hence, it is meant for working professionals.
2. How can I apply for an executive MBA?
Various, different institutes of the country have EMBA programmes that a candidate can apply for. EMBA programmes maybe online, through correspondence etc.
3. How long does an EMBA last?
An Executive MBA can be either one or two-year course. It depends on the institute offering the course and the kind of course. The one-year EMBA may be more compressed and compact. EMBAs can also be two years either full-time or part-time for working professionals.
4. What are the eligibility criteria to secure admission in an Executive MBA?
A candidate must hold a bachelor’s degree in any discipline from a recognised university. Post qualification, a work experience of 3-5 years is required, differing from institute to institute. Candidates while applying may be required to be at a managerial position in their profession. Depending and differing from institute to institute, there may be an entrance test, group discussion and interview round that may take place, but this again will differ from one institute to another. Some institutes like the IIMs need a valid GMAT score for admission.
5. Post EMBA career options?
Mostly working professionals opt for the Executive MBA. This way, they are able to add to their skills and market value while also getting work experience. They are able to achieve two things at once. After completing your Executive MBA, one has an additional education qualification because of which, s/he can look for attractive jobs opportunities in India or abroad, in Multinational companies. One will also be eligible for appropriate promotions, which may require higher education qualifications.
Once acquainted with the business world, one can also look at starting something of their own and working on that.
6. What would an EMBA cost?
An executive MBA may cost around 3-3.5 Lakhs.