Education in business management is critical in today’s fast-paced industries. Top schools all over the world offer customized programs to suit different students’ needs. These include the MBA, or Master of Business Administration, and EMBA, or Executive Master of Business Administration, and several smaller programs like the Master in Management.
These programs are similar, but are structured very differently in order to provide professionals of different backgrounds with the education they need to advance their careers. MBAs are the more traditional option. Generally spread over two years, they are built for professionals with minimal managerial experience. They take a more thorough and academic approach to the basics of business management, providing students with a solid foundation as they launch their careers. Requirements include a GMAT exam and minimal work experience.
EMBAs, on the other hand, are more fast-paced. They are generally part time programs, created to provide experienced business executives with real-world tools and information to advance their careers without impacting their busy schedules and work-related responsibilities. Students in EMBA programs are usually around 37 years of age, with at least 10 years of experience in an executive position. A minimum of 7 years’ work experience is generally required, but the GMAT is often optional.