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Sunday, February 23, 2020

Differences Between MBA and Executive MBA

There are hundreds of accredited EMBA and MBA programs offered by business schools around the globe, but before aspiring students choose one over the other, it’s essential to consider how they differ.
Definition
MBAMaster in Business Administration, abbreviated as MBA is a post-graduate degree course sought by students to master the business education. It covers all major business areas like marketing, accounting, finance, operations, human resource, etc.
MBA is one of the professional degree, recognized worldwide and designed to develop basic and advanced skills required in the field of business and management as well. It is the highly-pursued after-graduation program in the world. It is offered in a wide variety of formats by business schools i.e. Full-time MBA, Part-time MBA, Correspondence MBA, Distance MBA, Online MBA, Executive MBA.
Executive MBAEMBA an acronym for Executive Master of Business Administration is a business degree especially designed for working executives and business professionals who are willing to improve their business skills and get better exposure in their career. It allows students to learn and earn at the same time.
The schedule of the course is designed flexibly, to help the managers, leaders, executives fulfill their educational needs. Further, the Executive MBA students possess the high level of working experience.
Key Differences Between MBA and Executive MBA
  1. MBA is a master degree course offered by the University, to develop a complete understanding of business and management. Executive MBA is a post graduate program for the working people, i.e. executives, managers, leaders and other professionals.
  2. A traditional MBA program focuses on both theoretical and practical knowledge. On the contrary, an Executive MBA focuses more on practical knowledge to develop decision-making and problem-solving skills.
  3. MBA is a full-time course whereas Executive MBA is a part-time course.
  4. A regular MBA degree course duration is 2-3 years. On the other hand, the course duration for Executive MBA is 1-2 years.
  5. The classes for a full-time MBA course, offered by the University are held throughout the academic session. As against this, the classes for Executive MBA are held on weekends.
  6. A student must be graduate and has passed entrance exam prescribed by the university or institute, for admission in MBA. Conversely, graduation and has minimum work experience prescribed by the university or institute makes a person eligible for Executive MBA.
  7. Master in Business Administration is suitable for those students who want to pursue master’s degree in business management, to get better exposure. In contrast, Executive MBA is best suited for experienced persons who want to enhance their skills and get a boost in their career.
  8. Regular MBA programs may go into more depth in terms of the content the courses cover. Most regular MBA programs will allow the students to select electives and/or specialize in a certain area. While Executive programs may cover more of a general overview.  Some Executive programs offer electives, there usually isn’t an opportunity to specialize.





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