Earning an MBA opens many doors. Not only does it improve your chances of success in finding a better career or getting a promotion, but it also leads to networking opportunities, increased skill sets and attained knowledge, and the potential for a better salary. If you already have years of experience in business administration and you’re interested in challenging yourself further, an Executive MBA may be your next step down the path to success. If you’re considering pushing the boundaries of your career with an advanced degree in business, you may be wondering whether an Executive MBA is the right degree for you.
What’s the Difference Between the EMBA and the MBA?
One thing that stands out between students in an EMBA program versus those pursuing a traditional MBA is that, in many cases, EMBA seekers have been identified by their employers as leaders with above-average potential. EMBA candidates are required to have at least seven years of supervisory or management experience before gaining acceptance to an EMBA program. The elevated peer environment raises the level of classroom discussion and offers real-world case studies to draw upon. Furthermore, Executive MBA programs are structured for learners who expect to maintain full-time jobs while they earn their degrees. These conditions aren’t true across the board for standard MBA programs.
How Much Can You Earn with an Executive MBA?
MBA students understand the value of pursuing a master’s degree, one of the advantages being that it can help you land a higher-paying position. When you pursue an Executive MBA, however, there’s an even greater opportunity to earn more money, and you can do so almost immediately upon graduation. “The growth of EMBA programs throughout several decades serves as a testament to their value in meeting the organizational thirst for leadership development,” said Michael Desiderio, executive director of EMBAC. While many students are interested in building their skill sets and gaining more field knowledge, there’s no denying that business administration professionals are interested in pursuing an EMBA program based on its potential to provide job opportunities with higher pay. According to the 2020 EMBAC Student Exit Survey, EMBA graduates reported receiving a 14.1% increase in compensation between salary and bonuses. Another 39% of students who completed the program reported receiving a promotion while they were in school, and another 53% revealed that they were asked to take on more responsibilities at work when managers found out they were pursuing their EMBAs.
Best approach to apply for an EMBA
The Executive Assessment is the best approach for working professionals applying to Executive MBA programs. The test helps us assess the core skills needed for the EMBA Program and offers a streamlined alternative to the GMAT or GRE, because it requires less preparation time and is shorter in duration. While the EA test is just one piece of your Executive MBA application, it signals that you share values around academic rigor and the need to go deeper into the fundamentals of business. It also ensures that you and your classmates share the same dedication to the program. The Executive Assessment can help you identify areas for development as you prepare to become a student again.
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