Executive MBA (EMBA) programs offer the convenience of not having to leave your work to sit in a classroom to acquire a business degree while not missing out any of the rigors of a full-time MBA program. We take a look at how you could shortlist and select the EMBA program that fits your needs.
Among the most important considerations would be the reputation of the business school. The EMBA program should accredited by a reputable MBA authority, such as the Association to Advance Collegiate Schools of Business (AACSB) and The EFMD Quality Improvement System (EQUIS).
The reputation of the school faculty for the particular specialisation you are looking for, say, entrepreneurship or finance, is important. In a global context, top Ivy League institutions would also get you the advantages of a powerful alumni network all over the world.
Alumni associations are present across the entire spectrum of business schools. It would be worthwhile to assess their strength. Some of them may be more global, regional or local than others.
Next is the location of the campus. Though a large part of the program would be available on-line, off-campus, there would be class room modules that takes place, on average, once every six weeks at the school or designated centres. It should not be located too far away to make it difficult to access.
Conversely, if you are looking to unwind in sylvan surroundings away from the rat-race, there are enough schools that fit the bill. However, since it is an MBA program, there may not be much scope for relaxing. Those aiming for an international profile, could consider a school located in another country.
The quality of faculty should be an important consideration. They should be capable of mentoring the students, provide potential solutions to complex business cases, access to other business experts and global influencers.
Several of the EMBA programs do have professors possessing practical experience across various business fields who would be willing to share their knowledge.
As far as the admissions process is concerned, busy executives may not have time for long drawn out processes or tests. So you have to find out if the school is insisting on GMAT scores preparations for which may consume at least three months.
However, most schools do not insist on GMAT for EMBA admissions. The GMAC has also devised a test specifically for EMBA applicants, currently being tried out at six top business schools.
Applicants may also be required to write a statement of purpose while filling out an application along with letters of recommendation. Some EMBA programs require employer’s consent for the time away from the office to participate in the modules.
Finally, the business school rankings that provide valuable data about career progress and program diversity. However, as is the case with any data, there is room for interpretation and creativity.
Thus, a visit to the school campus and talking to the faculty and alumni would help in arriving at a decision on taking up a particular EMBA program. (Image Courtesy : www.linkedin.com)