Often, individuals who have worked their way up the corporate ladder find themselves at a standstill as far as promotions to higher-level jobs. As a way to support their career development, many managers and higher executives are seeking what is known as an Executive Master’s of Business Administration degree (EMBA).
An Executive MBA program allows students to work toward their degree while continuing to work full time in their chosen career. Traditionally, the EMBA programs offered by many schools also allow the students to earn the degree in two years or less. It is a wonderful opportunity to learn new ideas and make industry connections while putting those ideas into and continuing to work toward a better job and higher pay.
Prior to Entering an Executive Master’s of Business Administration Program
A person who is considering an Executive MBA Program, a prospective student should consider exactly how much of time can be devoted to working toward their degree in to work and family. Many programs meet during the evening or on weekends, and this should be accounted for prior to making an application to the school. Depending on the number of time a week or month the classes meet, the program can vary in length. So, any individual interested in acquiring an executive in business management degree should determine how long they are willing to commit themselves toward the degree.
Because the average cost of an Executive MBA is approximately $50,000 to $60,000, the cost can be a deterrent for some who are looking at them. However, there are several different avenues an individual can pursue for funding their venture. For example, there are multiple loans and scholarships available to individuals who are already in the work force. Additionally, many employers will pay for an individual to work toward higher professional development as this makes their workforce stronger. Some employers pay up front for the fees while others wait to see the actual grades and progress made by the student. Additionally, many employers will work with an employee while they are pursuing their degree and allow them to relocate to a new area if they need to be closer a school offering the program they are interested in entering.
After finding out how to finance an executive business administration degree, a potential student should acquire transcripts from the school where they acquired their bachelor’s degree, get recommendations from supervisors and co-worker, and find out if there are any entrance examinations that must be passed prior to admittance to the school of choice. If necessary, there are self-study books to help prepare for the examinations as most executive business administration programs require at least taking the GMAT.