Question by ajcolours: What is the difference between an MBA and an executive MBA?
What are the advantages/disadvantages? What should one consider before deciding on which one to enroll in?
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Best answer:
Answer by Dev
MBA
Master of Business Administration (MBA) is a tertiary degree in business management. Originally designed to provide engineers with management skills, today’s MBA draws applicants from a range of disciplines.
A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates gain a better understanding of general business management functions. The MBA degree can have a specific focus such as accounting, finance or marketing.
An MBA is a level up from an undergraduate business degree, and once achieved generally places the graduate well above those with only undergraduate degrees. Most major universities and colleges provide MBA programs, which usually last two years. To get into an MBA program, an applicant needs to take the Graduate Management Admission Test (GMAT) and be accepted by the program based on its selection criteria
Executive MBA
Executive MBA programs developed to meet the educational needs of managers, executives, and other business leaders. They allow professionals to earn an MBA or another business-related graduate degree in two years or less while continuing to work full time. Students enter the program, complete classes, and graduate with the same group of students.
Participants come from all types of organizations – profit, non-profit, or government-related – and all sizes – from large to small and in-between. They represent nearly every industry, including banking, health care, manufacturing, and technology, to name only a few. Most students enter programs with 10 or more years of professional or managerial experience.
Programs have grown quickly in numbers and expanded throughout the world. As the number of Executive MBA Programs grew, so did the need for an organization where programs could come together and focus on their unique challenges and opportunities. In 1981, The Executive MBA Council was formed. Through its programs and services, the Executive MBA Council advances executive education worldwide.
Give your answer to this question below!
Typically an Executive MBA is earned by someone who is also employed full time in a corporate environment. The course work is completed as a part time or online student. A regular MBA candidate is usually someone who just finished college and continues to earn an MBA as a full time student.
Executive MBA = full time employee
MBA candidate = full time student
Technically there is no difference in the classes you take, it’s the way you take them. Executive MBAs are designed for working managers who want to complete an MBA part-time. A regular MBA is designed for full-time students not working. So the big question you need to answer is if you want to work full-time or not while going to school.