Executive MBA – Is it worth it ?
Only if you don’t tell your future employer it was an EMBA and make them believe it was a regular MBA… LOL.
Jokes aside, there was a time when employers willingly sent their top manager/managers-to-be back to school to get an EMBA in the hope that when they came back, they would get polished talent that they could groom to be C level executives. But 2008 changed everything. Most employers have stopped these sponsorships and increasingly students are self sponsoring. So is it worth taking in the extra burden of books/projects for 2 years and paying about $100k for it. In our opinion generally not.
Most EMBA applicants
have about 10 years of experience and are middle managers in their respective companies. Leaders of large organizations generally need to analyze complex data with a lot of moving targets and then make a call. This is probably the most important skill of top leadership. Most seasoned managers are pretty good at this. An EMBA wont teach you this.
Leaders of large organizations have a deep understanding of their industry and are able to spot shifts in their industry ahead of everybody else. An EMBA wont teach you this.
Leaders of large organizations have deep understanding of business functions of their particular organization. An EMBA wont teach you this.
So what exactly does 2 years of burning the midnight oil buy you ? An EMBA gives you the baseline education to know all the different functions of a business. So you ( lets say an Engineer) can have a conversation with your finance manager and don’t sound like a luddite. An EMBA gives you the confidence to shoot higher. An all hands call to discuss a Sales Pipeline is not a monotonous nuisance anymore. … well it still is but you may actually figure out whats going on. An EMBA will most likely give you one “quicker promotion” if you apply everything you are learning to your present job.
Finally an EMBA may smoothen out some rough edges. This may not feel like a lot but when you are ready for the CEO job 20 years from now and your competition is a 99, you may have the edge with a 99.5 … thanks to the EMBA and a “smoother” you. So here is the question you need to answer – are you willing to sacrifice two years of your free time and invest another 100K to take you from 99 to 99.5 twenty years from now. Let me guess – generally not.
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