Executive MBA programs were initially started as employer-sponsored programs, but almost 50% of EMBA candidates now are self-funded. Since these programs do require the candidate to be away from work (typically between 40 and 60 days over the duration of the program), approval from the employer is required even in the case of self-funded candidates.
The Benefits of an Executive MBA
According to research by the Executive MBA Council, 65% of EMBA students received promotions either during or immediately upon completion of their programs.
In the Alumni Perspectives Survey by the Graduate Management Admission Council, 73% of EMBA alumni said that their expectations of recouping their investment were met or exceeded.
“I think it gives me a lot of credibility and demonstrates capability. I think the EMBA seals the deal on your potential. You are now in a different league,” says Gavinder Bhatia, who started her EMBA as Assoc. Director at Kraft.
“An EMBA experience helps entrepreneurs see their business more strategically and get some realtime feedback from experts,” says Ethan Hanabury, former Sr. Assoc. Dean at Columbia Business School.
Because they attract experienced business leaders who want to take the next step in their careers, Executive MBA Programs are in a unique position to emphasize and nurture leadership.
Thanks to the improved strategic thinking, Right to Play grew from $5 million in 2004 to $35 million, says Johann Koss, the founder and CEO of the non-profit.
“Because of what I learned in the Executive MBA Program, I feel I could build a business in any country – some things are different, but after finishing this program, you know how to work anywhere,” says Nikolay Samofatov, CEO of Red-Soft Corp.
The founder of Sakos Activegear Company, Inc., Chris Lee found such great value in his classmates that he recruited three of
them to work in his start-up company.
Admission to top Executive MBA programs is highly selective. The formalized online application includes several components, the key among which are past academic records, several essays, letters of recommendation written specifically for the program, and an admissions test (Executive Assessment).Application Deadlines
The Executive Assessment
The Executive Assessment is a test developed by GMAC, who are also the creators of the GMAT, to assist with the admissions decisions at Executive MBA programs. Several highly-ranked EMBA programs utilize this test as an alternative to the GMAT. Read more here.
Help is available
If you are interested in an Executive MBA and need more information about the admission process or the Executive Assessment test, contact us. We can help you turn in a winning application, and ace the test.