Ex-MBA or Executive MBA are considered the best investments one can make for the future. International business schools and universities introduced Ex-MBA programs to answer the learning needs of working executives, managers, entrepreneurs, and other business leaders.
On the other hand, despite fierce competition and high tuition costs, Master of Business Administration and Regular MBA are some prominent business degrees from the previous decade that continue to draw a sizable student body. Universities offer full-time MBA programs as a master's degree option to help students thoroughly understand business and management.
What, though, distinguishes Ex-MBAs from their more conventional counterparts? The study schedule, admission standards, curriculum, and expenses for MBAs and Ex-MBAs are different. Numerous prospective students are unaware of the distinction between the two MBA and Ex-MBA programs, despite the fact that hundreds of authorized MBA and Ex-MBA programs are offered in universities worldwide.
Ex-MBA is frequently misunderstood to be a more effective method of MBA learning. However, the two actually have about equal cachet and value once graduation, despite the fact that they are presented in quite different ways.
Executive MBA is for Working professionals
Ex-MBA programs are geared toward working professionals with a minimum of 3 to 5 years of experience in a reputable organization and considerable job experience. The Ex-MBA admission teams look for candidates with a variety of professional backgrounds and work experiences during the selection process. It is assumed that candidates already possess in-depth business expertise acquired throughout their careers. As a result, students typically are not needed to take entry tests. The Ex-MBA program lasts for 15 to 24 months.
Regular MBA students, on the other hand, are intended for both working professionals and recent graduates. Fresh graduates from any field are often eligible to enroll in full-time MBA programs. The standard 2-year, full-time MBA program is available. Regular MBA students must fulfill the necessary requirements in order to enroll in the program.
MBA graduates receive special benefits
The advantages for former MBA students depend on the universities and institutes. They receive aid with registration, lunch delivery, textbooks, and other beneficial resources. Ex-MBA classes are sometimes sponsored by businesses for their employees. Throughout the entire time of their course, the former MBA students will remain the same teammates.
Since traditional MBA students typically have different classmates from year to year, this is not possible in regular full-time MBA programs. Meeting new individuals every year is an incomparable networking benefit for regular MBA students.
Duration and Pace
Classes for the Ex-MBA program will be held on weekends and in the evenings for a period of 15 months to 24 months. Most ex-MBA positions are offered part-time. For professionals in the workforce who want to advance to managerial roles inside the same organization, there is an ex-MBA course. Fewer electives are often offered in the Ex-MBA degree, and most classes must be taken in tandem.
A typical MBA program lasts two years, full-time. Regular MBA students have demanding schedules that make keeping a career outside of the program all but impossible. With a wide range of alternatives available to them, MBA students are free to specialize in a variety of subjects. Students who want to alter their functional area of employment or who want to enter management roles for better remuneration often choose the MBA.
Procedures for Admission and Eligibility
Because the Ex-MBA course is primarily created for working professionals, only working professionals may apply. Students who are interested in enrolling in an Ex-MBA program should have a minimum of five years of professional experience in reputable organizations. Students who are interested in being promoted to management positions within the same organization should ideally enroll in an Ex-MBA program.
On the other hand, in order to be admitted to merit seats in the normal MBA program, qualified students must take entrance tests like the CAT, PGCET, ATMA, MAT, and CMAT. The grades, degrees, and admission exam scores are used to determine who gets a seat in a standard MBA program. Students applying for a normal MBA program must hold a degree from an accredited university in any stream.
Location and Lifestyle
The Ex-MBA students emphasize very much networking within a smaller cohort with a bit less interaction with the wider student body. The Ex-MBA students interact with their group on a weekly basis -usually on weekends, though the relationships may not be as intense, informal and formal networking is a key to the Ex-MBA experience and is extremely beneficial for the careers.
The Ex-MBA course is basically done in the same location where they are working. The students of Ex-MBA do not have the freedom to select any desired location for doing an Ex-MBA course, as it is for working professionals, they choose the location where they are working. In normal cases, the organizations themselves sponsor the Ex-MBA course for their working employees. So, the freedom of location choice is not available.
When deciding between the two distinct degrees, this is a crucial factor to take into account. The students should definitely enroll in an MBA if they desire a more comprehensive educational experience. The location is irrelevant for a typical full-time MBA program. The location for the MBA program can be chosen by the students.
Focus on Study and Exposure
The curriculum for the Ex-MBA course mostly focuses on specialized research that is pertinent to the profession. Ex-MBA students complete their coursework more quickly and with fewer electives than MBA students. The Ex-MBA curriculum is designed such that the students take more classes and core classes.
All industrial facets are covered by the ex-MBA from a strategic angle. Students should enroll in an Ex-MBA course if they are interested in pursuing director posts. Since it is designed for working professionals and it is assumed that they are knowledgeable in their theories, the Ex-MBA places a greater emphasis on practical knowledge.
Only a small number of working professionals interested in managing positions have access to Ex-MBA. The majority of Ex-MBA students are employed professionals who are typically supported by organizations. Therefore, exposure is often restricted.
The typical MBA program essentially covers all facets of management beginning at the most fundamental level. The management topics will be thoroughly studied by MBA students. MBA students can simply select the classes and specializations they want to pursue in fields like entrepreneurship, marketing, and finance.
In a typical MBA program, business-like marketing and finance are more of the focus of study. Both theoretical and practical expertise is emphasized in the typical MBA program.
In a typical MBA program, the exposure is virtually limitless. Regular MBA students will have a fantastic opportunity to interact with industry leaders from various industries. Meeting new individuals can provide them with beneficial networking chances as well. Regular MBA students will be enrolled in classes and benefit from a more active course schedule and numerous exposure possibilities.
Fee Schedule
The Ex-MBA course is surprisingly affordable because the employer covers the majority of the costs. This is so that the knowledge and abilities that their managers are learning will aid the students that join Ex-MBA. From one institution to another, different schools charge different amounts to take an Ex-MBA course.
While the fee structure for a normal MBA is relatively hefty. The cost structure is typically expensive because students are responsible for paying all fees. The reputation of the B-School has an impact on the costs as well. Higher tuition fees are charged by top-tier institutions, whereas lower tuition fees are charged by ordinary and middle-tier universities.
Finance Assistance
Both for ex-MBAs and ordinary MBAs, the financial support is excellent. Ex-MBA courses are typically sponsored by organizations for their employees, and 60 to 70 percent of the costs are covered by the organizations themselves. In some circumstances, professionals interested in the Ex-MBA program can readily obtain school loans. This is due to the fact that only working professionals who have strong credit scores and CIBIL scores are eligible for the Ex-MBA program. These factors prompt banks to approve loans for former MBA students right away.
Which MBA or EMBA Is Right for you?
If you want to launch your career, start at the managerial level, and obtain excellent leadership and communication abilities, the MBA program is for you.
If you want to advance in your existing position or if you want to gather work experience first before earning a management degree, the EMBA program is for you.
Join the MBA program offered by ASM's Institute of Business Management & Research if you wish to take advantage of all the advantages listed above and that come with earning full-time MBA programs. It's one of India's most competitive MBA programs.
