Executive MBA, abbreviated as EMBA, is an advanced degree meant for working executives or other business leaders with at least 3 to 5 years of experience. Characterized by insightful courses, flexibility, friendly format and cost effectiveness, EMBA is finding takers all across the globe.
At some point in time, working executives and even business leaders feel the need to broaden their horizons and keep growth prospects lively for the organisation they represent. Besides work experience, prudence and tenacity, constant education becomes an essentiality. However, the caveat here is that the privilege of a sabbatical year to pursue a master’s degree in business management is restricted to a select few. Instead of abandoning the idea altogether, the modern day professionals are taking a convenient route to success via Executive MBA. Comparing the Executive MBA to Regular MBA these professionals choose Executive MBA.
Also Check: Executive MBA vs. Distance MBA
More often referred to as EMBA, Executive MBA is an advanced degree offered by various colleges, designed specifically to meet the eclectic needs of a population with some work experience. The degree sets the trajectory for students to be creative and efficient in problem-solving, remain poised for the long haul and eventually flourish. Executive MBA encompasses a broad range of streams to boost profiles across sectors. Bio-technology, telecom-management, infrastructure development, hospitality management, and retail in addition to accounting, aviation and operations are few prominent EMBA streams. As well, EMBA is for you if your area of expertise is general management, sales and marketing, finance, human resources, IT, international business, import/export or health care management.
Given the age and experience requirements, EMBA follows mainstream eligibility criteria. Besides possessing a bachelor's degree in any stream, the aspirant should be aged 27 years or above and need to produce certificate regarding 3 to 5 years of work experience. However, many institutes may ask for an average GMAT at the time of applying. Moreover, the program’s duration is more likely to differ from one institute to the other.
EMBA Placement Scope:
We have the options we create, they say. Executive MBA’s cornerstone is equipping working executives with skills sets that are requisite for success in the intensely competitive scenario. The program’s curriculum amalgamates the first-hand experience that the executive has gained over years of service, insights into business and its varied processes, industry specific norms and soft skills. After completion of the degree, you are expected to have evolved analytical abilities and a problem-solving mindset to tackle issues related to day to day operations. In addition to this, you are expected to be at ease when handling client relations, business planning, and resources. Thanks to knowledge gained, you are in a position to create winning strategies and implement them efficiently. That EMBA offers a fair share of rewarding career options in both – domestic and offshore labour markets - is an easy inference to make.
Given the EMBA degree holders’ potential as tangible assets to any organisation, companies are willing to pay exorbitant remunerations and attractive perks to gain and retain their loyalty. Even if you wish to remain loyal to your existing employer, chances of scaling the corporate ladder are bright. In the post degree scenario, you can aspire to spearhead projects that were beyond your reach or comprehension. Nonetheless, the newly acquired knowledge can help you can create and maintain a reputation as the go-to guy for everything business. However, you have to make a conscious effort to remain at the top of changing trends to keep the status intact.
EMBA curriculum also promotes entrepreneurship and unleashes the leader in you. In conjunction with day to day business experience that you already possess, these traits are handy when it comes to initiating and operating your own venture. The classroom or guest lectures that are an integral part of EMBA curriculum help you get in touch with individuals who might end up leading top corporations or changing the rules of the game in the near future. The network can keep you gainful in tangible ways, as numerous successful entrepreneurs will testify. Be it a matter of survival during economic slowdowns or business expansion when the going is good, you can rely on the network thus created. Moreover, your network can also be of great help if you are seeking a career change.
The Labour market is kind to EMBA degree holders. You are more likely to end up with a high paying job in a variety of sectors. Let’s be specific regarding the job opportunities that are there for candidates with an EMBA degree.
Banking & Finance:
Thanks to the rapid expansion in the recent years, banking and finance sector are constantly creating job opportunities for EMBAs. Domestic as well as international banks, in addition to insurance companies, are searching and hiring individuals who can amalgamate their knowledge, rational approach and intuitiveness to make rewarding investment decisions.
The demand for MBAs in the investment-banking sector shows an upward trend. As an underwriter, your primary role will be to serve as a conduit between investors and organisations in need of capital to fund their growth prospects. Herein, you need to factor in all conceivable aspects to ascertain the client’s needs and offer solutions accordingly. Additionally, your job profile may include facilitation of acquisitions and mergers, and managing investments.
Given the intrusion of the internet into all areas of our life, making sense out of the ‘big data’ is an essentiality for businesses across industries that are serious about staying competitive. Apparently, B-schools are integrating data analytics into their EMBA curriculum, which will work in your favour if you have an analytical acumen.
If you have an appetite for solving nagging issues, management consulting is for you. Herein, a creative approach, lateral thinking and tenacity will be your best allies. The high remunerations that you are more likely to draw will keep you motivated.
Information System Management:
As an EMBA degree holder with specialisation in Information system management, you can expect great career opportunities in domestic and offshore locations. You will be spending a significant part of your work time in researching and identifying up to the minute technologies that can keep your organisation on the cutting edge. Coordinating with financial and managerial departments will also be high on your agenda.