This is a question I am asked numerous times as an expert working with EMBA candidates and graduates – ‘is an EMBA worth it?’ The answer is YES if you are an ambitious individual wanting to rapidly advance your career.
However, if you want to remain at your present level then maybe an EMBA is not a viable option, although the knowledge gathered during the program can bring you and your employer vast benefits.
The EMBA Difference
There is a distinction between a full-time MBA, normally where the students are younger and more inexperienced, and an Executive Master of Business Administration which is designed for professionals with leadership/management aspirations. The benefit of an Executive MBA is the opportunity for a professional to remain in their full-time job while earning their degree. An EMBA heightens your managerial acumen and strengthens your cross-functional business expertise.
With drive and ambition, the knowledge shared and acquired upon graduation can open up significant leadership opportunities – not just in your country of residence but opportunities to move to other geographic jurisdictions.
There are many programs available at business schools across the world and programs to suit most budgets. Beware – acquiring an EMBA comes at considerable personal and financial costs.
EMBA’s Aren’t For Everyone
Pursuing this prestigious degree is rigorous; not only for the candidate but for the family too, as a candidate must sacrifice free time in order to complete frequent projects in between multiple residential weekends and weeks at locations across the world. Don’t even consider this program without exhaustive due diligence and conversations with those around you.
The Financial Value Of An EMBA
It’s rare today for a corporation/employer to foot the bill for this degree and often means entering a debt situation to fund your EMBA. However, I have seen many EMBA clients reap significant financial rewards swiftly after graduating, including graduates from the high cost programs touching the $200K USD mark. A couple of graduates from these programs recouped the ROI in 2 years; yes 2 years!
An EMBA can be used as a bargaining tool during job offer negotiations. As a recent EMBA graduate, you are acutely aware of numerous business trends and hold the key to the door across many functions. The lessons learned during the program can immediately be applied in real-time in the work place.
Be candid with your employer if you opt for an EMBA program because they too will need to be somewhat flexible as approval for your EMBA absences needs to be granted over and above your allotted annual leave.
In summary, it’s a rigorous and challenging program but, from a professional point of view, it is a very enriching and engaging experience like no other. The gains can be significant if your original motivation for entering the program is to embark on a higher level job search after graduation.