Earning your master’s of business administration (MBA) has always been a highly effective way to earn more and to move up the corporate ladder. For experienced business professionals, another option is the Executive Master of Business Administration, or EMBA. These special MBA programs are specially designed for experienced managers and executives with five years or more of business experience. This is the ideal MBA choice for the professional who wants to earn his or her graduate degree much faster than normal.
Most EMBA programs are in an accelerated format to benefit the experienced business leader, who typically has a very busy schedule. The online format for many EMBA programs makes these types of business programs even more convenient. Many of the no GRE programs EMBA can be completed in 15-20 months, which is about ½ the time that it takes to complete many part time MBA programs. During the typical EMBA program, you will gain a new range of business skills and will sharpen your analytical abilities, as you combine your business coursework with your day to day professional experiences in the workplace.
One of the most unique parts of the EMBA program is that all of the students in the cohort benefit from the collective business experience of their fellow students. This helps to really enrich the learning environment for the no GRE EMBA student.
Upon the completion of a no GRE EMBA, the student will have gained a great deal of business knowledge that will allow him or her to gain more management responsibility, and a higher salary.
Basic Description of an Executive MBA
An executive MBA program gives the experienced business professional the opportunity to obtain an MBA on a convenient scheduled that minimizes work and personal obligations. Most EMBA programs, including no GRE programs offered online, have a cohort class structure, which means that the entire group of student progresses through the curriculum on the same schedule, and graduate at the same time.
One of the most unique parts of most EMBA programs is that it is required for students to have 8-10 years or more of business experience. This means that the group has a great deal of collective business experience, and is able to learn from one another, as well as from the instructors. This makes the EMBA program a highly stimulating and challenging learning environment that provides a high degree of return on time and financial investment.
Most EMBA programs can be completed in two years, and many students are sponsored by their business organization. Most students also continue to work full time as they proceed through the EMBA program.
3+ No GRE Online Options for EMBA
Why Do an EMBA?
Where Can EMBA Candidates Find Work After They Graduate?
Although there are exceptions, many graduates from EMBA programs stay in the company they were in before, but at a higher level. Typically, obtaining the EMBA gives a lower level manager an opportunity to move into an executive role. This is an especially common path, because many employers offer tuition reimbursement for EMBA programs. Taking that offer means that you will need to stay in the same organization for a set number of years after you graduate.
By identifying your personal style of leadership and developing new leadership abilities, you will be ready to better compete in many types of global industries and positions, including:
- Director or senior manager
Regarding salary ranges, what you can expect will vary a lot based upon the industry you select. Some of the general salaries you can expect for an EMBA in various industries include:
- Healthcare – $111,477
- Finance – $103,122
- Consulting – $101,736
- Energy or Utilities – $100,263
- High Tech – $98,621
- Manufacturing – $98,417
- Products and Services – $94,558
- Non-Profit and Government – $73,125
Another aspect to keep in mind regarding salary is that your earnings tend to increase exponentially for years after you earn your EMBA. Here is what you can expect on average after you earn your MBA or EMBA:
- Less than a year – $50,427
- 1 to 4 years – $56,090
- 5 to 9 years – $74,053
- 10 to 19 years – $94,038
- Over 20 years – $103,600
Salaries for the EMBA also will depend based upon where you live:
- New York City – $102,869
- Boston – $95,605
- Los Angeles – $94,243
- Chicago – $89,495
- Atlanta – $82,410
- Houston – $80,711
- Dallas – $80,595
Indeed.com does not provide salary information for EMBAs, but the average salary for MBAs overall is $77,000.