An Executive Master of Business Administration (EMBA) is a type of MBA program designed for business executives with at least five years’ managerial experience. However, because the program is aimed at experienced managers, the Executive MBA Council (EMBAC) reports that the average entering student had at least 13.9 years of professional experience in 2015, with an average age of 37.8, up from 37.1 in 2010.
Based on the age and experience of the average EMBA student, some might question the benefits of an EMBA for a mature professional who is already considered successful. To that, the answer might be—there’s always room for improvement, even at the highest levels. Many of today’s employers agree.
According to the EMBAC, in 2014, employers partially sponsored about 36 percent of EMBA students and fully funded the EMBA educations of about 25 percent. The Council also reported that, “salary and bonus packages of program graduates increased by 16.8 percent from program start to program end, continuing to show the value of an EMBA program.”
Employers are shelling out big bucks for EMBAs for a number of reasons, but here are a few of the most prominent motivations.
“By supporting managers in earning their EMBA,” says WU Executive Academy, “employers are rewarded with highly motivated talent that have valuable insights into innovative approaches and global markets.” EMBA courses “develop business leaders” and allow students to “gain profound knowledge of cutting-edge management tools from world-renowned professors and international executives.” They learn “theories and frameworks for leveraging the behavior of individuals, groups, and the wider organization as they make difficult decisions and develop action plans. Important leadership skills, including communication, ethical concern, and motivational management are nurtured as students gain the confidence and ability to lead high performing teams.”
Today’s EMBA programs recognize that in order to be successful and valuable to employers, graduates must have global experience. For this reason, most programs have an international component. In fact, according to the EMBAC, two-thirds of EMBA programs feature an international trip. Trips to China, Brazil, India, Chile, and many others “prepare business leaders for the complex realities of today's international marketplace, where multinational teams frequently work with diverse laws, customs and markets,” says WU. “Students develop a global vision and expert insights into both developed and emerging markets through study trips on four continents.”
In addition to solid leadership skills and the ability to confidently navigate the international marketplace, today’s employer’s feel that investing in EMBAs offers significant retention benefits and a boost to the company’s reputation. Having EMBAs onboard “heightens” the company’s reputation as a “desirable” company to work for, says WU.
If you’re looking to move to the next level and an EMBA sounds like the best way to get there, offerings are available at some of the world’s top business schools, among others. Just a few include Northwestern Kellogg School of Management, UCLA/National University of Singapore (NUS) Business School, Thunderbird School of Global Management, University of Chicago – Booth School of Management, Yale School of Management, Southern Methodist – Cox School of Business, Columbia Business School, University of Michigan – Ross School of Business, New York University – Stern School of Business, and UCLA Anderson School of Management.
To find other top schools that offer EMBA programs, use our School Finder here.
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