There are numerous accredited Masters of Business Administration (MBA) and Executive Masters of Business Administration (eMBA) degrees. The key difference is the purpose and study formats that lead to different experiences. Before choosing a program, it’s best to understand what each degree requires.
Difference Between an MBA and an eMBA
MBAs have become some of the most sought-after business degrees that often attract students from around the globe, despite the rising competition. While the program has its roots in the U.S., you can now study from thousands of programs from different parts of the world.
On the other hand, eMBAs are great investments for your career and future. Reputable universities and business schools designed eMBAs to address the growing learning needs of business managers, executives, entrepreneurs, and other top-level business leaders.
Typically, eMBAs are almost similar to regular MBAs, but they are more suitable for working professionals with tons of experience. Since eMBA students combine work responsibilities with studies, they often attend weekend and evening classes, making it possible to complete the program within two years.
Program Pace and Curriculum
The exact length of an MBA Vs eMBA program may vary between different schools. However, eMBAs are part-time programs designed for professionals with busy work schedules. Most eMBA students retain their career positions and take their courses through online learning portals. Based on school and teaching format, in-person eMBA courses can be taught on weekends, evenings, or designated intensive weeks.
The eMBA program pace tends to be shorter and more intense than regular MBA to reduce distractions from work schedules. On the other hand, full-time MBA students have to cope with a demanding study schedule, making it difficult to maintain a regular job.
Both eMBA and MBA cover a similar core material. However, eMBAs have fewer elective courses, and students often take most courses together. MBA students have more freedom to select classes and enjoy a wide variety of options for specialization, but working professionals who still want to specialize can take a targeted eMBA in areas like sustainability, family business, and healthcare.
Return On Investment
The possibility of earning an eMBA degree through part-time studies has significant financial implications. You can earn your regular salary, and you won’t pay the entire cost of full-time study.
Most eMBA students can get partial or full sponsorship from their employers since organizations consider this education a valuable investment. Upon graduation, students taking company-funded programs may have to commit several years of company service. On the other hand, most MBAs are self-funded, but there are numerous scholarships available.
Both eMBA and MBA students get a salary increase upon graduation. However, MBA graduates can get a higher salary boost compared to their eMBA counterparts. Most MBA students are also in the early years of their career, meaning they can get more returns in the long term.
Choosing between eMBA and MBA depends on your current professional experience and career goals. While both programs can equip you with the skills to advance your career, it’s best to research different programs and determine what suits your circumstances.