Pros and cons of Executive MBA vs normal MBA


Earning a Master's Degree in Business Administration has become a bare necessity for working professionals, and graduates alike. Securing a career with a reputed company and lucrative position has enhanced the need for management course, both regular and executive MBA.

Earning a Master's Degree in Business Administration has become a bare necessity for working professionals, and graduates alike. Securing a career with a reputed company and lucrative position has enhanced the need for management course, both regular and executive MBA. The bigger the professional goal, the harder your efforts to achieve them, and for such crucial decisions of your life, a degree in MBA or Executive MBA proves to be the right choice.
mba-vs-executive-mba

Here, we would aid you in making your decision more in line with your convenience by showing the noted differences between a regular/normal MBA and Executive MBA.

What's about the name?


Regular MBA (normal MBA) degrees span across two years and in case the student wants to pursue it part-time, then the duration is stretched up to three to four years. The advantage of this course/program is a student doesn't need any prior work experience to enroll. Qualifying the respective entrance exam (CAT or independent tests for colleges) and previous educational track records are enough for joining it. Fresh graduates are usually enrolled in this program.
For an Executive MBA degree, having prior work experience is a prerequisite, apart from the educational track record. Usually, Executive MBA programs need minimum three years of work experience, or professionals at the mid of their career, as they are designed to groom the working professionals for managerial level positions. These degrees now-a-days have global acceptance, as they come up with classroom sessions, webinars, self-learning, industry exposure, and team-based problem solving.

Course structure


Normal MBA course structures are designed in such a way that the students attend the courses full-day. Their schedules are intensively packed with assignments, project works, seminars and other essential stuff, which turns the situation impossible for them to work fulltime beyond the course. As the course structure needs rigorous efforts, there is least scope to do a job fulltime.

In Executive MBA, classes are usually designed to fit the work schedule of the working professionals. It means, their courses are usually on fast-track, to allow them complete the classes within the stipulated time. The course structures include entrepreneurship, marketing, and finance as majors/specializations, apart from the basic curriculum of MBA. There are focused electives, to ease the burden on professionals and make them concentrate on their key area of interest, along with the Executive MBA course. The assignments and classes are designed in such a way that the students take the classes in a constant batch, it would allow them to network and exchange ideas and grow as managers in a better way, as all of them belong to various roles in their respective organizations. Exchange of ideas, thought processes, skills would enable them to transform beyond what the Executive MBA course can offer. There are also one-year Executive MBA courses that one can complete in fast-track mode.

When money matters


Normal MBA course tuition expenses are borne by the candidate himself. The cost is usually higher for a regular MBA, as these are full-time courses and the institute charges for other amenities, for outstation students the hostel fees adds up the bill. The top most business schools in India charge a hefty amount of money, apart from the other expenses.
In case of Executive MBA in India, usually either the employer sponsors the candidate with some exceptional skills for the course or an individual can himself take up the course to enhance his/her chances of a better job role in the future. Though, these are less expensive compared to regular MBA courses, it usually depends on the type of the business school and the course chosen to decide the fee. In case the Executive MBA degree is or a part of it is sponsored by the employer, then the professional need to devote some more years to the organization and apply his managerial skills for the betterment of the company. It's a win win situation for the employee and employer, as they retain the skilled professional for longer and the candidate earns a degree with a full pay cheque.

Relocation


For a normal MBA degree the student is free to relocate, as the course is important and the selection is according to their merit list. They have a wide scope of choosing the business school of their convenience.
For Executive MBA, you have hardly any scope to relocate and pursue the course, as you have a job to attend. Your classes are only scheduled for the weekend or you can take them up online.

Take home point


Though, a regular MBA or Executive MBA both doesn't guarantee you a better job, but they definitely enhance your managerial skills and increase the opportunity to land such a job. Executive MBA programs, though, let you stand apart from the competition with that added advantage of prior work experience and industry knowledge.


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Comments

Guest Author: pyare30 Mar 2017

Nice and fact finding information about executive MBA. Can someone tell me what is the minimum criteria for joining MBA.



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