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An executive master of business administration (executive MBA or EMBA) is a blessing to tenured professionals looking to boost their careers to greater heights within or outside their organization while keeping their current job.
Designed specifically for professionals who have 5–10 years of work experience and managerial history, an executive master of business administration degree would enhance a professional’s skills and knowledge worthy of a top-level position in the business and management sector.
Though an MBA program is one of the well-known and customarily prevalent routes to career growth among many business and management professionals in the past, an executive master of business administration degree has become popular in recent times. However, it is not quite prevalent. Many professionals are unsure whether it offers the same advantages as a traditional MBA program if they are fit for the program, and where to start.
So, if you have asked yourself if you should pursue an executive master of business administration degree or just wondered who it is for, you have come to the right place as in this article; we discuss just that.
What Is an Executive MBA? And How Is It Different from a Traditional MBA?
Before we begin to tackle the question, “who should get an executive master of business administration?” Let us discuss what an EMBA is and how it is different from a regular MBA and understand the executive master of business administration better.
An executive master of business administration degree typically offered by business schools and schools of health and communication differs ever so slightly from a traditional MBA. Unlike an MBA program, an executive master of business administration degree provides a tailored educational experience focusing on specific areas for tenured professionals skipping on base concepts and tackling more complex content to help students prepare for the ever-evolving business world. The course is also often conducted in a compliant manner to accommodate the needs of the student.
Online MBA saves time of the need to attend traditional face-to-face classes in real life and offers working professionals elective courses and a case study from the comfort of their place of choosing to learn at their phase.
EMBA students also save on two or more academic years compared to full-time MBA students as EMBA programs are shorter depending upon the program’s model.
Executive master of business administration courses are geared toward those with extensive experience and give leadership-based coursework that can help you expedite your career to score a promotion or take on managerial responsibilities. Your fellow pupils are also likely to be other senior-level careerists who may offer an opportunity to develop your professional network and gain exposure to various industries and job roles within the industry.
Who Should Get an Executive Master of Business Administration?
Getting to the meat of the matter, let us discuss who should get the executive master of business administration program.
The choice is straightforward if you are a working professional, such as CFO, business owner, or manager, then it is logical to pursue an executive MBA degree. If you don’t have the relevant experience, then the traditional MBA is the right choice. For tenured professionals, they have both EMBA and MBA programs available to them. They can either opt for an EMBA or an MBA part-time. But, for business aspirants who are starting up, they will have to opt for an MBA program. However, they do get to pick between a full-time or a part-time schedule.
Suppose you are a mid-career executive who endeavors to grow their skill set, knowledge, and expertise to develop their overall managerial skills and wish to keep your current job. In that case, you should strongly consider an executive master of business administration program.
Why Should People Opt for an Executive MBA?
A Predictive Index survey has been conducted among employees from various sectors that concludes:
- approximately 30% of employees consider their manager team-building skills to be lacking;
- over 17% of them said their manager lacks the necessary feedback skills;
- 10% of the participants reported their manager lacks proper delegation skills; and
- almost 15% of surveyors stated their immediate manager lacks time management abilities.
Professionals of the next generation are set to higher standards. These high standards urge professionals to polish up their skills and expand their understanding of their profession. Enrolling for an executive master of business administration degree will help them develop their responsibilities and take on leadership positions within their organization and accelerate their careers.
Another excellent reason to pursue an executive MBA course is to brush up on your existing skills to compensate for your vulnerabilities. For example, if you have struggled with accounting and wish to improve on them, you may consider a specialty that focuses on accounting to brush up on your fundamentals and learn advanced skills in the process.
It can also be a worthwhile effort if you are working on one career path for a long time and wish to expand onto something else. Students can learn a ton from executive MBA courses as you can learn more on new and unique concepts pertaining to your chosen specialization. Not to mention you will also meet new people with similar mindsets with a ton of industrial experience. Countless prevalent incidents of new ideas and startups became highly successful businesses that originated in such a thriving environment, be it a business plan or vision; an executive MBA will provide an ideal environment to foster and grow your career ambitions.
Full-Time Executive MBA or an Online EMBA?
Many universities offer the top executive MBA in the world online now; however, only a few do it effectively. Although many universities worldwide are now offering both a full-time executive MBA and an Online EMBA, which might confuse the difference between them.
Full-time executive MBA courses will require participants to visit classes in person though class timings are worked around the candidate’s preferences. At the same time, an online executive MBA will conduct courses online via a learning management platform.
While both formats offer the same curriculum and training, the approach might be different and convenient to many online. Studying online allows many students to opt for the best executive MBA programs offered by well-known institutions known for their academic prowess irrespective of their distance.
Careers Accessible with an Executive MBA Degree
With an executive MBA degree, new possibilities open for graduates. Here are some of the best roles that you are eligible for upon graduation.
- Financial Manager
A finance manager plans and allocates a company’s financial resources, and is responsible for the budgeting, and supports the executive management team by contributing financial insights and advice that will enable them to make the company’s best business decisions.
The annual salary of a financial manager is 7,570,000 NGN.
- Marketing Manager
A marketing manager develops that awareness by producing and executing marketing strategies to meet the consumer’s needs and maximize its exposure. The marketing manager manages internal teams, oversees and crafts promotional campaigns and products, and aids in publishing and distributing them to the target audience via advertising, social media, and other means.
The average annual salary of a marketing manager in Nigeria is around 3,072,255 NGN.
- Medical and Health Services Manager
Health services managers are accountable for many of the operational functions in a hospital or clinic. Their typical responsibilities include: Overseeing the training and recruitment of hospital staff, following and maintaining records of budgets, direct and coordinated efforts to improve efficiency.
The average annual salary of a medical and health services manager is 5,220,000 NGN.
- Business Operations Manager
A Business Operations Manager is a C-level executive who manages an organization’s operational activities. Business operation managers plan, design, execute and maintain a company’s operations and initiatives. The business operations manager reports to the CEO.
The annual salary of a business operations manager is 2,420,191 NGN.
Please note that these figures are tentative and may vary depending on various factors such as the employer, scale of business, and candidate’s professional background.
Consider Texila American University’s Executive MBA Program
The University of Central Nicaragua and Texila American University (Texila) are in an academic association to offer an EMBA program, which is considered one of the best executive MBA programs in the continent. This executive MBA blends the best of both worlds as it provides the flexibility of hands-on experience with online learning. This aids students get ready to become business and management professionals with advanced decision making and problem-solving skills. Earning an Executive MBA with Texila will help you source a better opportunity in the dynamic business sector.
- Why Choose Texila?
- Our EMBA is a well-structured program backed up by an international curriculum.
- The program is offered in a state-of-the-art learning management system in an interactive block-based curriculum.
- It is an internationally recognized degree, allowing you to go beyond the borders with your expertise.
- The course offers unique capstone projects and Research work that would enhance students’ knowledge regarding real-time business scenarios across the globe.
- The program also provides strong academic support for every student with dedicated student mentors and academic heads.
- Students can access an exponential repository of research and educational materials accessible via the learning management tool.
- Teaching Methodology
We at Texila use the BRICS Method. BRICS is a uniquely designed learning methodology developed for delivering our distance and online learning program to help our students learn the blocks’ subjects. Block-based learning is applied learning of one issue at a time, which concentrates on more engaged learning. Each block is for two months or eight weeks to improve efficiency and reduce learning fatigue.
With that, we hope that you will now understand who should get an EMBA degree and why they should prefer it over a traditional MBA and hopefully are inspired to do so yourself. Good luck!