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Difference between a MBA and an Executive MBA
MBA and Executive MBA ( abbreviated as EMBA) are management courses offered by various schools around the globe. Undoubtedly, many students are unaware of the difference between MBA and Executive MBA. Some of them have a misconception that pursuing an EMBA is better than MBA. In real terms, both of them do not hold much difference in their prestige values.
The difference between an Executive MBA and MBA grounds on several factors. These factors may be the duration of the study, the experience required, the admission process, and the degree as well. Selection of the one will not only be based on your interests but also your present standard in the business world. Befuddled about what to choose for yourself? No worries. Drive yourself through this article to understand what is the difference between MBA and an Executive MBA.
What is the definition of an MBA?
Curious to know the definition of an MBA? Here it is, MBA is Master of Business Administration. A 2-year course, which might extend to 3 or 4 years if done part-time is a business management course. MBA expects no prior practiced experience to enroll yourself in this program. The full-day program may exempt the students to do any other job outside. Mba can be done in various fields such as finance, human resource, and marketing.
What is the definition of EMBA?
Now, what is the definition of EMBA? EMBA is Executive Master of Business Administration. The time period of this program is also 2 years. EMBA expects its enrollers to have a prior work experience of at least 5 years. It is generally noticed that EMBA students are around 32-38 in age and are at a higher professional level when compared to students of MBA. Classes are usually on weekends giving it a higher flexibility to work with their jobs.
MBA vs Executive MBA Comparison
To contrast, both programs here are a quick comparison.
Comparison
MBA – DefinitonBusiness management program to acquaint students with a study of business and management. Full-time course. Academic Fee is Expensive. Daily throughout the year. Achieved a graduation degree and scored minimum required marks in the entrance exam.
Executive MBA – Business management program for employed people such as managers or executives. Part-time course. Lower expense than the MBA program. Only on Fridays and weekends. Along with a graduation degree and prior work experience as demanded by the university.
Key Differences
EMBA is more practical than MBA. The EMBA registrants can choose their electives on their company requirements or according to their career aims MBA students on the other hand is practical as well as theoretical. They are only driven into management but also given the opportunity to delve into other fields you are someone looking for opportunities and aiming to pursue management then MBA is the right choice. Moreover, if you are someone who is professionally experienced wanting to amplify and put his managerial skills to a further level, EMBA is the choice for you. A Mba course will last for 2-3 years, whereas an EMBA would take 2 year completion time.
EMBA applicants are selected on basis of their working background. Having enterprise awareness is expectable through the prior work they have done. If you are a bachelor’s graduate, a GMAT score is considered for admission. For pursuing an MBA, GMAT scores are considered qualification criteria. As introduced earlier, the choice would depend not only on your smarts but also on where you stand in the corporate world. Without any practical knowledge, you wont be able to register for an EMBA course. Dont be disheartened you can surely work for your hands on the experiences first. Get yourself acquainted with real-life management. It will then be much more exciting to sharpen your skills further with an EMBA.
Conclusion
Through the article, we optimistically hope to spell out the difference between what is an executive Mba and vs MBA. Mba being a management degree is for budding managers, entrepreneurs, etc whereas Executive MBA is a postgraduate degree serving as a booster for the existing great minds in the management sphere.
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