Millions of people aim for MBA or EMBA programs in schools all around globe looking for a better salary packages and good working conditions. But everyone doesn’t know the difference between MBA & EMBA, it is believed that EMBA is a superior form of MBA but they don’t know that both are equal in terms of course but difference is only in the terms of delivery.
MBA applicants have fewer years of work experience or maybe no experience at all, but EMBA applicants are people with many years of experience say 10-15. There is GMAT entrance exam for entry into a MBA programmer and a good score of 700 required to get in top B-schools. , EMBA on the other hand being a course for well experienced people has no entrance exam as its believed that the applicants has a good amount of experience and must have good business knowledge picked up over the course of career, though people without business degree have to sit for entrance even for EMBA. Also, most of the times EMBA is funded by the employer of the organization where the person works but MBA is self funded and lot of times applicants of MBA take loan to complete their education. Now where MBA is a full-time course needing the applicant to stay on the campus or come for classes everyday, EMBA is typically part-time with classes on weekends or evenings. An person can continue working full-time while pursuing EMBA but for MBA full focus is on the MBA degree with few chances of working while pursuing the course.
Now this was all in brief about the difference between MBA & EMBA, let us now look which is better for working professionals. Now the general definition of MBA & EMBA clearly shows that for people having good work experience and a business degree in graduation definitely benefit from EMBA as it usually has classes on weekends or evenings, allowing the applicant to continue with his/her job and most of the times applicants fees is paid by his/her organization which is better than self funding a MBA by loans. Both MBA and EMBA cover the same study material with difference that EMBA is fast paced, also EMBA provides less electives such as finance, entrepreneurship and marketing. But while pursuing EMBA the student has to strike a good balance between office work and his/her course.
Thus there is a difference in both the degrees, MBA is a full time degree program whereas EMBA is a certificate program, but after getting certain experience no one cares whether the degree is full time or part time.
But clearly EMBA cannot be pursued by freshers or people with less experience say 2 to 5 years. Thus lot of proper research and consultation must be taken before deciding on the course of choice.