MBA or EMBA: Which one would benefit your career ahead?
Lots of confusion
and doubts prevail between MBA (Masters in Business Administration) and
Executive MBA or EMBA. There are lots of similarities between the two programs
while some differences exist as well. Note here that the same college may offer
both the programs. An aspirant seeking a management degree, whatever might be
the mode of study, must look for the best MBA colleges in India.
First, let us
understand the difference between regular MBA and Executive MBA or EMBA. Though
the curricula are similar for both the media, they differ in their objects and
deliverance of the course.
Traditional MBA
basically a full-time two program that requires a student to attend college
regularly, follow a full day schedule and various co-curricular programs that
the schools offer. Whereas, Executive MBA is not a full-time schedule. Rather
these are conducted through either evening or weekend classes. This is because
the program is meant for
professionals who need
to enhance their professional calibre in order to rise above in the managerial
hierarchy. But everything without having to quit a job or balancing between
full-time service and management studies.
This EMBA is
targeted at professionals with at least five years (or more) of work
experience. Depending on colleges, some need even 10+ years of work experience.
Also, getting
admission to the EMBA program is comparatively more difficult than regular MBA
due to the limited slots of the EMBA program and the extensive requirement of
work experience.
So far as course
expenses (tuition fees) are concerned, a regular MBA program has a cost range
varying between 15-20 lacs depending on the brand/reputation of the B-school
offering the program.
Comparatively, EMBA
cost ranges in between 1 lac-10lacs (again depending on the reputation of the
B-school reputation). But the main difference is not the cost. But the fact
that EMBA is mostly sponsored by the employer. So the aspirant enjoys a free
study!
Now, on the duration
part. Traditional MBA program is a 2 years full-time schedule. While EMBA
duration ranges between 1 to 3 years depending on the B-school.
Now coming to our
main headline. Between MBA and EMBA, which one to choose? Well, you need to
select the program as per the information provided above. One thing is for sure
that EMBA will need work experience and often extensive work experience. So if
you are a fresher, EMBA will not be for you.
In that case, your
best option will be to go for a regular MBA program. However, this means you
will be locked-up for 2 years devoting yourself totally to studies. But if you
wish to first get into service then the best option would be to wait for the
EMBA. Because first, you need to work at least 4-5 years to gain sufficient
work experience to fulfil the main criterion of EMBA.
But whichever mode
you choose, you should always target the best place to study
and apply for an EMBA only in any top MBA colleges in India.
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