The Executive MBA, or EMBA, is a degree program specially designed for high-level business people. It allows executives, managers, and other business professionals to earn a degree without significantly interrupting their careers. Self-employed business people and other entrepreneurs can also benefit from earning a MBA.
EMBA students learn new ways of thinking and make valuable professional connections. Best of all, most Executive MBA graduates can expect a high return on their educational investment. If this sounds like the career boost you need, read below to learn apply to Executive MBA programs.
Instructions
1. Find out if your employer will sponsor your MBA. The average cost of an Executive MBA program is about $60,000 and the most prestigious programs can be around $100,000. If you do not receive workplace reimbursements, there may be loans and scholarships available.
Speak with other EMBA business people in your field to gauge the average ROI. Many executives who financed their own EMBA will tell you it was worth it for the salary increase alone.
2. Figure out the maximum time commitment you can make on a weekly and monthly basis. Some programs meet on weekends or evenings, and some offer intensive weekend sessions once a month.
Figure out how long you are willing to be enrolled in a MBA program. The average length of a program is about a year and a half.
The website of the Executive MBA Council has a database of EMBA programs that you can search according to your criteria.
3. Don't overlook programs that may be far from home. Your organization may let you relocate while you earn the MBA degree.
4. Once you have made a list of programs that meet your needs, gather the application materials. All programs will require academic transcripts from your undergraduate degree, professional recommendations, statements of purpose, and elite EMBA programs will require the GMAT.
In addition, most Executive MBA programs require that you be employed in some type of leadership position. This includes many self-employed people and entrepreneurs.
5. Begin studying for the GMAT and line up recommenders as soon as you can. There is fierce competition for spots in top MBA programs. GMAT scores and letters of recommendation are two things you still have control over, while your grades and professional achievements are what they are!
6. When you receive acceptance letters, consult with your employer to make the final decision about which school to attend.
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