You can also reasonably expect a significant increase in salary. Several different surveys compare entry salaries and exit salaries, and report an overall increase of 20 to 25 percent.
The biggest overall benefit is that the EMBA is a powerful certification, well-recognized by leading organizations around the world. It can help open up new avenues for you as organizations understand its role in enhancing brother cell phone list your leadership and strategic thinking skills in a fiercely competitive global environment.
EMBA tuition fees vary considerably, ranging from around $50,000 to $180,000 or more. In fact, the cost of a traditional full-time MBA is not much more than the cost of a part-time EMBA, especially when you add in travel expenses, accommodation, and other incidental costs associated with an EMBA program. Add in GMAT test preparation, exam fees, and business school application fees, and the costs just keep adding up.
The positive side is that you keep your current job, don't have to account for lost earnings, and you may be able to convince your employer to cover some or all of the costs.
Before the global recession of 2009, many employers sponsored employees for EMBA programs, as they were well aware of the major benefits of having employees with improved managerial and leadership skills, not to mention the strong loyalty of sponsored EMBA participants. This practice has declined dramatically in the current economic climate, although it remains the same by no means.
According to the Executive MBA Council, the number of students self-funding their studies is on the rise. The proportion of students self-funding rose from 25% in 2003 to 34% in 2009. In 2009, the number of companies offering full reimbursement to students was 32%, down from 37% in 2005. If you decide to pay for your own expenses, you should still talk to your employer about it. Your business school will usually at least expect your institution to support you by allowing you to take time off to study and accommodating your additional workload during your EMBA.
The good news here is, as we mentioned above, that a pay raise is almost guaranteed upon completing an EMBA. The most recent report from the Executive MBA Council