DEFINITION of 'Executive MBA - EMBA'

Executive MBA - EMBA is a Master of Business Administration program that specifically targets corporate executives and managers. The program enables them to study and work towards earning this business degree while continuing to hold their existing full-time jobs. EMBA students typically possess considerable work experience before entering the program.

BREAKING DOWN 'Executive MBA - EMBA'

An Executive MBA - EMBA program is made up of a mix of classroom teaching on evenings and weekends, online classes and tutorials and occasional full-day sessions. Equivalent to a full-time MBA program in scope and requirements, an EMBA program lasts up to 24 months. Intensive modular classes to reinforce expertise and fill knowledge gaps are primary motivators for executives to embark on this program. They engage in core coursework in finance and accounting, operations management, strategic management, marketing, human resources and other disciplines, and take specialized electives. Students come away with an enhanced skills base to advance their career prospects at their organizations, not to mention the credential of a master's degree and a new alumni network, which should never be underestimated in the working world. Since most of these executives are also working during the duration of the program, they are in a better position to apply the management techniques and best practices learned in the classroom to real-life situations, as compared to traditional MBAs who are in graduate school full-time.

There are numerous EMBA programs in the U.S. and abroad. Big names such as Wharton, University of Chicago and Columbia run EMBA programs, as do other prestigious business schools like Berkeley and Northwestern. As with the regular full-time programs, these universities have a competitive admissions process. The average number of years of work experience for an EMBA class is around 10-12 years, double that of a regular MBA class. An EMBA program can cost up to $200,000.

Is an Executive MBA Worth It?

An EMBA program is not cheap. Whether the executive is paying out of his or her own pocket or is being sponsored by a company, a basic return on investment calculation should be made. Aside from the cost, there is time consideration. Even though the executive is still working full-time and thus there is no monetary opportunity cost, there might be an opportunity cost to the executive if he or she cannot travel to close a deal, meet with a client to develop new business or stay late in the office to meet a pressing deadline if there is class to attend or homework to do. These must be part of the cost-benefit analysis of an EMBA program for the executive.

RELATED TERMS
  1. London Business School

    The London Business School is a school of international business ...
  2. Kellogg School of Management

    The Kellogg School of Management is the business school at Northwestern ...
  3. Foster School Of Business - University ...

    The Foster School of Business at the University of Washington ...
  4. University of Miami School of Business ...

    The University of Miami School of Business Administration is ...
  5. The Johnson School at Cornell University

    The Johnson School is the business school at Cornell University.
  6. The Marshall School Of Business ...

    The business school at the University of California, the Marshall ...
Related Articles
  1. Financial Advisor

    MBA vs. Executive MBA: Which Is for You?

    What's the difference between an MBA and an EMBA in terms of cost and in value? Here's some help in making your choice.
  2. Personal Finance

    Part-Time Vs. Executive MBA: Which One To Pick?

    In general, there are two routes a prospective student can take when pursuing an MBA: a full-time or a part-time program. Although both options will lead to a degree, there are trade-offs that ...
  3. Financial Advisor

    Which is Right for You: MBA or Master's in Finance?

    While an MBA offers more flexibility in terms of curriculum and ability to take classes part-time, a Master of Finance is a good alternative for students seeking a finance-specific career.
  4. Personal Finance

    MBA vs. Masters in Finance or Economics

    The decision between earning an MBA or specific master's degree can be based on many factors.
  5. Personal Finance

    Alternatives to Business School

    Universities don't have a monopoly on information—advance in your career without business school.
  6. Managing Wealth

    6 Reasons To Get Your MBA Abroad

    Given the number of high caliber business schools outside the United States, it may make sense to venture overseas for your MBA. Here's what you can gain.
  7. Personal Finance

    The Pros And Cons Of Going Abroad For Your MBA

    The U.S. maye dominate business school rankings, but there are many opportunities abroad.
  8. Personal Finance

    Do You Need An MBA To Climb The Corporate Ladder?

    Find out how an MBA helps your business career and whether you really need one.
  9. Financial Advisor

    Should You Get A CFA, MBA Or Both?

    These certifications require time and money, but combined programs are making obtaining both designations more realistic.
  10. Financial Advisor

    Attend Grad School For Free

    Securing funding for your education isn't always the easiest thing to do, but there are some ways to get assistance.
Trading Center