The Best Executive MBA Programs in the World and How to Crack Them?
Executive MBA Programs are designed to provide the necessary lessons of a regular MBA program to someone with in-depth industry knowledge. EMBA programs are usually taken up by business leaders or those with ample experience in their specific industry. Such a program usually provides the lessons of a regular MBA degree in a more flexible manner and also adds leadership training to the module. So, anyone seeking a higher executive level job is likely to apply for an EMBA.
Coming to the top-tier schools, you can earn an executive MBA at many international B-schools. From HEC Paris to Wharton, each EMBA program has its own specifications and curriculum that you should research well before applying!
Let’s take a look at some of the top EMBA programs and how these schools rank globally:
|Rank in 2020||School name||Country|
|1||Kellogg/HKUST Business School||Hong Kong SAR (China)|
|2||Ceibs||China / Switzerland / Ghana|
|3||HEC Paris||France / Qatar / China|
|4||Trium: HEC Paris/LSE/NYU: Stern||France / UK / US / China|
|5||Tsinghua University/Insead||China / Singapore / France / UAE|
|6||Shanghai Jiao Tong University: Antai||China|
|7||ESCP Business School||France / Germany / Italy / Lebanon / Spain / UK|
|8||Iese Business School||Spain / US|
|9||INSEAD||France / Singapore / UAE|
|10||EMBA-Global Asia: Columbia/HKU/LBS ‡||US / UK / Hong Kong SAR (China)|
|11||Arizona State University: Carey||China|
|12||IE Business School||Spain|
|13||London Business School||UK / UAE|
|14||UCLA: Anderson/National University of Singapore||US / Singapore|
|15||CUHK Business School||Hong Kong SAR (China)|
|16||Washington University: Olin||China|
|18||University of Oxford: Saïd||UK|
|19||Korea University Business School||South Korea|
|20||EMBA-Global: Columbia/LBS ‡||US / UK|
You can clearly see that getting an EMBA degree from a top international B-school will not leave you hard pressed for choice! But, do you know the criteria required to make it to one of these programs? And, do you really understand the difference between a regular MBA program and an executive MBA?
Read on to know the answers!
Should you choose an Executive MBA?
The EMBA program in any top B-school is designed to meet the requirements of matured individuals, which boils down to fast-tracking their career growth through key technical knowledge. The average age group of the class is likely to be 30+ years, and the average work experience will be 14-15 years. This when compared to a regular MBA class at these same B-schools is widely different.
The regular MBA program targets young professionals who want to enter the management level roles. The EMBA is for those professionals who have developed the practical knowledge, but lack the theoretical base to advance in their core profession. This is also why most EMBA programs do not require the applicants to quit their jobs; rather, the programs are scheduled to meet such requirements.
When it comes to career opportunities, EMBA applicants are likely to seek a better position within their current organization. Some may also seek a job abroad in a managerial role. But, a complete change in the industry is rare for EMBA grads, as compared to MBA grads.
So, if you think you want to apply to the best EMBA programs and gain a definitive career boost, here’s how you can do it!
How to crack the Best Executive MBA Programs in the World
While your GMAT and GRE scores are definitely important for getting admitted to the top EMBA programs, it’s your work experience that will count the most. Aspects such as experience in management roles, potential for leadership, motivated learning attitude, etc. are definitely some of the key features that the admissions committees will look out for. If you have received regular promotions and represented your organization in any way make sure to highlight them in your application.
With the right application you can even get through one of these top B-schools on a low GMAT score. But, if you score high on your GMAT it will certainly give you an upper hand, so, give it your best shot!
You will also have to answer a few essay questions in your application and these hold a good amount of weight. You can make your application stand out if you prove that your professional goals are well-defined, and you can do so through your essays. Also try to explain how your professional goals are achievable with the help of the MBA program you have applied for.
It’s important to understand that EMBA programs are for those with an in-depth knowledge of their industry. So, this is something you have to prove through your application. Be it your work experience, extra-curriculars, or essay questions, the overall approach towards building your application needs to be centered on the criteria that admission committees of top B-schools will look out for.
Other requirements for applying to an EMBA program are a set of recommendation letters from your employer, TOFEL test score, and various documentations. If you possess in-depth practical knowledge and have a set future course, then you will likely make it to one of the top executive MBA programs with enough prep!
Are you just starting out your MBA application process? This video will help you steer clear of common mistakes:
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The tuition fee of an executive MBA course is usually higher than its MBA counterpart. But, it allows you to fast-track your professional career, so, the pay-off is also higher. If you are planning to apply to the tom EMBA programs in USA or Europe, here are some numbers to give you a good perspective.
|Business School||Tuition Fee (Approx.)|
|University of Pennsylvania Wharton||$211,000|
|University of Michigan Ross||$174,000|
|Duke University Fuqua||$150,000|
|Northwestern University Kellogg||$214,000|
|University of Chicago Booth||$194,000|
|WHU Beisheim (with Northwestern’s Kellogg)||$94,000|
|University of Oxford Saïd||$106,300|
|Warwick Business School||$55,300|
|University of Cambridge Judge||$85,000|
|Imperial College Business School||$72,000|
|London Business School||$119,500|
Another reason why the tuition fee of these courses is higher is because they are taken up by motivated professionals who will not be quitting their jobs during the course. So, financing the course is usually not a challenge for them. But, there are also plenty of scholarships from the top B-schools to help candidates cover their tuition fee.
Kellogg, INSEAD, LBS, and other such schools provide at an average 20% to 30% of the tuition fee in the form of various scholarships. You are likely to find all the scholarship details on the website of your target B-schools, but feel free to reach out to these schools and enquire for specific information.
So, go out there and begin shortlisting the schools, and best of luck!
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