EMBA vs MBA: Know Which Course is Better for Your Professional Career14 June, 2018
Executive education programs have changed the perception that a job and education cannot go hand in hand. With more B-schools in the country offering professional courses for employees, it might be time for you to boost your career with an Executive MBA degree.
EMBA is a misunderstood course, people think that it is a lesser version of a regular MBA degree. Well, nothing can be far from the truth and in this article, we help you understand how an EMBA differs from a regular MBA.
Before we proceed, here is a quick comparison chart between EMBA and MBA.
|By Definition||A career focused business management course for executives, managers and entrepreneurs.||A master’s degree for graduate students looking for career in business management.|
|By Approach||Practical / Real World||Theory and Practical|
|By Timing||Mostly Evening / Weekend Classes||Full Time Course|
|By Duration||Comparatively shorter than a regular MBA||Generally, 2 Years|
|By Fee Structure||Lower than MBA||High|
|By Eligibility Criteria||Graduation + Work Experience||Graduation + Entrance Exam Results|
|By Student Type||Career Professionals looking for a way to boost their career with new skills.||Students looking for better job prospects after completing their academics.|
Defining MBA and EMBA
MBA is a short form of Master in Business Administration. It is a very popular course for students from commerce background and covers topics like marketing, accounting and finance, statistics, human resources and business operations. Apart from that, MBA students also study a number of elective subjects for a comprehensive understanding of business and economic theories. A full-time MBA degree is usually preferred by fresh graduates who are looking for better placements after their college.
An Executive MBA is a type of MBA degree which is more focused on skill development. Executive MBA programs have a few or no elective subjects and fast tracks the learning curve by imparting practical knowledge to the students. An EMBA degree is generally preferred by executives, managers and business leaders who wish to update their skill set for growth in a competitive organizational environment.
Advantages of opting for an Executive MBA Degree if you are a working professional
- - EMBA is a cost-effective way to pursue your higher education while you continue earning through your present job.
- - EMBA degrees from a good institute can give a veritable boost to your professional growth and increase your earnings.
- - EMBA programs are also a great way to gain business exposure as your class fellows are experienced professionals from various business houses and companies.
- - An EMBA degree can also be your ticket to entrepreneurship as you learn to combine your professional experience with real world knowledge of business management.
- - EMBA degrees have comparatively lower tuition fees and it is easier to get education loan approvals for an EMBA course.
In conclusion, the benefits of EMBA for working professionals are quite apparent by the above-mentioned pointers. We hope that this information helps you choose your career path wisely. In case you are also looking for education loans online, check out Monexo’s peer-to-peer lending for hassle-free loan approvals. Apply for an education loan in India with Monexo for low interest rates and flexible EMI options.