Understanding Executive MBA And Its Benefits

 

Understanding Executive MBA And Its BenefitsMBA stands for Master of Business Administration. It is a master’s degree in business administration and management. MBA degree originated Moneygram money transfer in the United States in the late 19th century when the countries around the world underwent mass industrialization. As companies grew in size and turnover, they began to seek scientific and organized approach to management. Thus the need for MBA course was born.

Today, MBA is a very popular master’s degree which attracts students from various academic backgrounds and disciplines. The main aim of MBA program is to make the students proficient in various areas of business which include accounting, marketing, human resource management, operations management etc. The students of MBA program usually choose a specific area of specialization like marketing, finance, human resources etc.

In recent years, the popularity of EMBA (Executive MBA) has risen sharply. This is because Executive MBA gives professionals, who are working full time in a company, the opportunity to increase their knowledge and skills. The EMBA program is a boon for such working professionals who want to continue their jobs while earning a higher degree at the same time.

There are a wide range of EMBA programs being offered by almost all the top universities from around the world. Additional facilities like weekend classes, distance learning, evening classes etc, make it all the more easier for people to complete the program without letting it affect their jobs. Some big companies have also taken the initiative of providing in-house MBA training for their managers. Latest statistics show that enrollment in executive MBA has surpassed regular MBA admissions. In such a short span of time, EMBA has overtaken the popularity of regular MBA.

MBA Vs EMBA:

Both the programs have similar curriculum, however the admission requirements vary. Usually EMBA applicants need to have at least 5 years of continuous work experience, usually in a managerial position of a reputed organization. Executive MBA programs are usually designed for experienced or upper-level managers. Regular MBA applicants don’t need any prior work experience.

The regular MBA program needs applicants to pass an entrance test. However, EMBA applicants typically don’t need to undergo any such entrance examination.

Another area in which EMBA program differs from regular one is the convenience of taking classes. As the program is mainly designed for working professionals, there are a lot of facilities like evening classes, online or distance learning etc.

Profile of EMBA Students:

EMBA students are usually those who are in the middle stages of their career. They may be taking up the course to further enhance their skills or knowledge in order to give a boost to their career. Almost never would you find people who are in the beginning stages of their career taking up executive MBA course.

After completing the program, people may continue to work in their current position at work. However, they would generally be able to take up more responsibility now. Successful completion of the program can also open doors of promotion or more advanced career options.

Benefits of EMBA:

An Executive MBA from a well known university can certainly provide a huge boost to an individual’s career. Students who complete the program gain a sophisticated level of knowledge and understanding about various aspects of management. EMBA programs usually encourage the development of traits like strategic thinking and planning in individuals, which are important traits for becoming successful managers.

Besides this, the confidence levels of students increase and they feel they can take on more job responsibilities. They now have increased knowledge about various business practices. Most EMBA students would have acquired new skills which can have a huge impact on their careers in the coming years. It has been reported that people who complete their EMBA programs, often become more loyal and serious employees. Thus, they would become more valuable and trustworthy in the eyes of the company. This will usually lead to higher job security as no company would be willing to let go of such employees.

One of the biggest benefits is of course salary hike. Even if someone remains in the same job position after completing EMBA, he or she can expect, and even demand, a higher pay than before. Furthermore, they will have much higher chances of getting promotions. So, if you are ambitious about advancing your management career further, then you should seriously consider joining an Executive MBA program.

 

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