For many people, the choice between a traditional Full-time regular MBA vs Executive MBA (EMBA) comes down to how best to balance classes with the responsibilities of a day job. Furthermore, many mid-career professionals will choose the executive MBA because they do not want or cannot stop working, and the program is better suited to their stage of life.
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What is an MBA?
The Master of Business Administration (MBA) is a globally recognized degree that focuses on developing the skills needed for business and management positions. The MBA’s value, on the other hand, isn’t restricted just to the corporate sector. An MBA can also help people who want to work in management in the public sector, private industry, government, or other fields.
What is an Executive MBA?
An Executive Master of Business Administration (EMBA) is a degree program that is similar to a Master of Business Administration (MBA), but it is tailored to corporate executives and senior managers who are currently working. Executive MBA programs, also known as EMBAs, allow executives to get their degrees while continuing to work in their current positions. EMBA students are typically senior in their professions and have extensive work experience prior to enrolling in the program.
Executive MBA vs Regular MBA
The following are some essential factors to keep in mind that may assist you in making your decision that whether you should go for an Executive MBA vs Regular MBA:
- Usually EMBA students attend classes in the evenings and on weekends and on the other hand, MBA classes normally have a set timetable.
- EMBA students can effortlessly combine study and work because of the class flexibility.
- In comparison to EMBA students, MBA students have a larger selection of elective courses.
- As Executive MBA students typically do not take electives, an EMBA can be completed at the same time as an MBA.
Both study programs provide you with distinct credibility in the business world, allowing you to pursue professional prospects in a variety of fields. Regular MBA and Executive MBAs are internationally recognized, so you aren’t restricted to obtaining work in your own country.
Universities for MBA
- Stanford Graduate School of Business
- Penn (Wharton)
- MIT (Sloan)
- Harvard Business School
- HEC Paris
- INSEAD
- London Business School
- Columbia Business School
- IE Business School
- UC Berkeley (Haas)
Universities for EMBA
- The Wharton School
- MIT Sloan School of Management
- London Business School
- IESE Business School- University of Navarra
- The University of Chicago Booth School of Business
- HEC Paris
- INSEAD
- UCLA Anderson School of Management
- Haas School of Business
- The Kellogg School of Management
Eligibility and Application Requirements for a Regular MBA
- Bachelor’s degree in any field of study
- Transcript of records
- Professional work experience of at least 3 years
- Experience in a supervisor role is also preferred.
- GMAT exam score
- GRE exam score
- Minimum English language scores requirements: IELTS Academic 6.0, TOEFL iBT 70, PTE Academic 60
- Letters of recommendation
- Resume/CV
- Some universities also set a minimum age limit.
Eligibility and Application Requirements for an Executive MBA (EMBA)
- Bachelor’s degree in any field of study
- Transcript of records
- A minimum work experience of 3-5 years (although most EMBA students have 10 years of work experience)
- Management experience or supervisory experience preferred (some schools require leadership experience of minimum 3 years)
- GMAT or GRE test scorecard
- Minimum English language test scores requirements is as follows: IELTS Academic 6.5, TOEFL iBT (80), or PTE Academic (60)
- Letter of recommendation
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Tuition costs for Executive MBA vs Regular MBA
The cost of an Executive MBA program varies depending on the school, but it is typically higher than the tuition of a regular MBA program.
Average Regular MBA Degree Cost | Country |
50,000 USD (38-40LPA) | The United States of America |
15,000 GBP (15LPA) | United Kingdom |
15,000-36,000 USD (11-30LPA) | Europe |
Average Executive MBA Degree Cost | Country |
75,000-133,000 USD (57,00,000-1,00,00,000 INR) | The United States of America |
18,000 GBP (18LPA) | United Kingdom |
21,000-29,000 EUR (17- 25LPA) | Europe |
FAQs
EMBA stands for Executive MBA which is usually considered as the superior form of regular MBA. They’re delivered in completely different ways even if both are similar in terms of the value of graduation.
Salary varies depending on the individual and their educational background. The average pay for both courses, however, is between INR 10 and INR 25 lakhs. Although, depending on their interviews, an EMBA graduate may be able to earn a greater income.
For two reasons, EMBA classes are typically more intensive than MBA classes:
1. More information is packed into each class i.e., condensed classes.
2. EMBA candidates typically enter their programs with significantly more work experience which results in naturally higher-level class discussions.
Both study options provide you with unique credibility in the business world, allowing you to find career opportunities in a variety of industries. Executive MBA vs Regular MBA is recognized globally, so you are not restricted to finding work in your home country. We hope this blog from Leverage Edu helped you in understanding the difference between an Executive MBA (EMBA) vs regular MBA. So, if you’re thinking about doing either of them or any other subject and need help with the admissions process, then contact our experts today for super-smooth admission.