As you pursue your MBA degree, you’ll usually begin with a core curriculum that teaches the fundamentals of business administration. Then, you may get the opportunity to focus your studies on a specific concentration or specialty. Some of the most popular MBA concentrations include:
If your program encourages you to choose one or two concentrations, make sure they align with your interests and future career goals.
If you are thinking about earning a fast-track MBA and are not sure how to go about the process, you could have more options than you originally thought. Even if you are a non-traditional student who is working full-time and has family responsibilities, there may be a part-time MBA program that fits your needs. For an accelerated path, you might want to consider an executive MBA.
You may be wondering what is an executive MBA. An executive MBA degree, or EMBA, is similar to a traditional MBA. It is a graduate level degree program which requires a completed bachelor’s prior to enrolling. It targets managers, entrepreneurs, corporate executives, and working leaders.
While a traditional MBA caters to students at varying stages of their career and different ages, an executive MBA degree program is designed for working professionals who are not just starting out in their careers and are typically mid-stage in employment.
Usually there are. In order to be accepted into an executive MBA program, you often need a minimum of five years professional work experience. The GMAT is not typically required since candidates are evaluated based on what they could bring to the program. A standard MBA program mandates that students take the GMAT and they do not have to have prior professional work experience.
Executive MBA programs generally offer classes at night and on weekends. The schedule is often flexible and permits students to earn their degrees in two years or less. Online executive MBA programs may be available for students who do not want to drive to and from a physical campus and who seek even more flexibility. Students attend classes with the same classmates for the length of the program. In traditional MBA programs, students may select the courses they want to take and they tend to be with different classmates each semester.
The cost of an executive MBA program will vary depending on the school you attend and if you qualify for scholarships or grants, which may be available to qualified students. The tuition is often a bit higher than a traditional MBA program. However, speak with your current employer to see if he or she is willing to help foot the bill for your executive MBA. Also, check your employee handbook and the company website for MBA reimbursement details or talk to someone in HR.
A part-time MBA may be known as a flex MBA. Classes are usually evening courses since many part-time MBA students work during the day. As with any school, quality varies so check the college’s accreditation status and be sure the program fits your learning style. The length of part-time MBA programs is anywhere from two to five years and admission requirements are similar to traditional MBAs: GMAT scores, resume, essays, recommendation letters, and a personal statement. The cost of a part-time MBA is like a regular MBA program as well.
One-year MBA programs generally take between eleven and sixteen months to complete. School is the main focus since the program is time-intensive. This MBA might not be suitable for a working professional who wants to earn her MBA in her spare time. Some future employers may not look favorably upon a one-year MBA so do your research in advance. The admissions process may be competitive and could include impressive academics and/or work experience.
Like one-year MBA programs, a two-year MBA programs may be best suited for the student who is not working full-time. As the name suggests, this MBA generally takes 2 years to complete or four semesters. The first year of the program consists of core classes while the second year permits students to come up with their own schedules in areas of interest.
The tuition may be hefty, so make sure you can pay for this MBA in advance. Utilize any scholarships, which may be available to students who qualify, or employer reimbursement programs to defray costs. Regarding admissions, two-year MBAs tend to accept wider academic backgrounds while expecting academic dedication from enrolled students.
Information brought to you by Adam Gallagher