Similarities between Executive MBA, Part-time MBA & MBA.
Let us first understand the similarities between the two programs. Both programs upon completion award the MBA degree. MBA and Executive MBA program also cover identical syllabus and subjects.
Both programs are part-time programs, which means that you can continue with your full-time work while taking classes on weekends.
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Differences between Executive MBA, Part-time MBA & MBA.
Let’s now look at the differences. The primary distinction is that the students enrolled in the classes.
EMBA programs are geared towards professionals. The EMBA requirements for employment are extremely high, You must be in a managerial role or in higher management and with at least 2-7 years of full-time experience.
The minimum age to be eligible for EMBA of 27 is old, however the median age of Executive MBA students is 38 years.
General and part-time MBA are designed for individuals starting their careers. They require 3 to 4 years of work experience. There is no cut-off age, however an average of students who are part-time or regular MBA programs is 28 years old.
A further major distinction is the criteria for admission or the eligibility criteria. MBA as well as part-time MBA is a requirement for a bachelor’s degree with minimum of 55% score, a minimum of 2 years’ working experience, and GMAT, CAT and scores on TOEFL (abroad) in addition to SOP’s and LOR’s.
Executive MBA places emphasis on the professional experiences of the applicant and they can choose to omit an GMAT and CAT scores as well as the minimum grade score.
Executive MBA is a minimum 1 year course that consists of two semesters. A part-time MBA may last between 1 and two years. You should look into having an MBA as there’s the chance that you’ll get well-paying jobs soon after completion.
Why Should You Prefer EMBA?
The choice of the MBA to select is based on many factors and differs from person to person. The factors could include age, career progress, personal goals for growth and development as well as the demands of your employer and even your title.
In terms of price, EMBA programs are highly expensive in India and internationally. For a rough idea, the cost of an Executive MBA in India is 5 lakh rupees per year. However, the cost for Executive MBA abroad in 2020 is $137,500 as per The Economist. Avoid burdened in debt for programs that are intended to boost your career.
Cost of your course isn’t an issue businesses will finance your course and the cost of your course is covered by them. You must determine the percent of the fees your business will be able to pay. Additionally, you must estimate the ROI. When you have completed your EMBA you will need to stay in your job or company for a few years.
The issue of time is very delicate. Because you must devote sufficient time to your workplace and school, along with your family. The demands and deadlines could make things a bit chaotic. Before you sign to undertake your Executive MBA make sure you are prepared to work hard and have to be doing overtime If you feel it’s worth it and effort, then consider it.
If you are still having doubts or aren’t sure how to decide take the time to ask us. We have mentors and experts from the world of business that can advice and help you make the right decision.
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