The EMBA remains an instrument of choice for both participants and employers, ensuring both accelerated personal and professional development, as well as enhanced corporate performance.
Up until 2008, the demand for the EMBA program has consistently risen, and a growing number of schools, including Cambridge University’s Judge Business School, Cass Business School, and the University of Virginia’s Darden School, have recently launched new programs. Other business schools are also developing partnership executive MBA programs.
The executive MBA is a full fledged MBA program for experienced managers, who are either already in top positions in their organizations, or are aspiring future top managers. Most EMBA programs require that participants have a minimum of five to six years of managerial experience (EMBA classes often age ranges of 30 to 50 + years). The rich diversity of cross functional and cross industry experience in the classroom in addition to the expert professors, is a key benefit of EMBA programs. Participants gain insights from the varied experience of their classmates and the invaluable networking opportunities.
Executive MBA programs are designed to fit the needs and schedules of working professionals. They are not part time programs, but rather intensive programs, compressed into reduced time frames. Course delivery formats will vary and it is essential for candidates to anticipate how they will manage their absences and start putting into place their support systems, both at work and at home. Fordham University’s Francis Petit emphasizes the necessity of a sound support foundation, especially for women, saying women who want to pursue the EMBA must have support from their families in order to successfully complete their degree. If they do not receive this support then their experience may not be optimal and women may not fully roll up their sleeves and take it all in. However programs are always looking to recruit more women, so definitely aim high.
Why does the executive MBA program maintain its popularity? After all, the program requires a considerable investment of time and money from both employer and employee. A company specialized in sales management services the impact of the program was felt immediately. One Ms L was amazed at how much she Iearnt in the first week alone. It has changed her view on business and the way she looks at the world. She is making some changes to her company as a result.
Participants walk away from each class with immediately applicable skills and knowledge, as well as a holistic approach to understanding and solving business problems. Moreover, professionals and experts form other industry sectors also benefit from the general management skills gained form the EMBA experience, and add to the diversity of today’s EMBA classrooms, enriching the cohort experience. As, EMBA Development Manager for Abbott GMBH, explains, coming from the field of medicine and natural science, the program helped him gain the theoretical background to match his responsibilities as a manager in an international biotech company. The heterogeneous international class and professors broadened his view for cultural aspects in business and helped him develop personally.
More over alumni continue to benefit from the networks they forge years after graduation. As Kellogg-WHU alumni, Pierre Yves Rahari, VP, put in as an alumni continue to receive the benefits of the Kellogg alumni network for a life time. He feels that the network has really opened doors to him.
As long as there are individuals seeking to invest in themselves redesign their career confront their limits and push their boundaries, the EMBA is here to stay crisis or no crisis.