EMBA programs are targeted for experienced managers or for professionals in senior leadership position while Part-time MBA program is targeted for professionals, who want to continue working while completing their MBA program. Apart from that, there are a few distinct differences between the two programs.
Average Age: of the EMBA program is much higher than that of part-time MBA. For example, the average age of Wharton EMBA class of 2013 is 34 compared to 30 years for Michigan Ross part-time Evening MBA program (class entering Jan 2012). The age of most EMBA class ranges between 34-38 while that of part-time program are between 29 and 33.
Cost of MBA: The cost of an EMBA program is much higher than part-time MBA programs. For example, the tuition fee of Wharton EMBA program (class entering May 2012) ranges between $171,360 and $175,678 while that of Michigan Ross part-time MBA program ranges between $95,000 and $105,00. That is a sizable difference. Majority of the tuition fee are often sponsored by companies (provided the participants work with them for 3-5 years after the program). Why the cost difference? EMBA fees typically include lodging and meal charges. Part-time MBA fee does not cover that.
Specialized vs. General: Part-time MBA participants can customize the learning experience. This is done by picking electives that are applicable in their day jobs. During electives, many part-time MBA participants also get the opportunity to sit with the Full-time MBA class. For EMBA participants, the curriculum is designed to develop general leadership and executive decision making skills.
In-Class Hours: Part-time MBA participants have to take most of the courses offered by Full-time MBA. But the Business Schools are focussed on finding an appropriate job for the Full-time MBA participants. Due to that, full-time MBAs will have first preference to access valuable resources (faculty time and alumni network) provided by Business Schools
Scheduling: Most part-time MBA program participants will have the flexibility to schedule their MBA programs as weekend or evening programs, while EMBA programs will have a set schedule which can be completed in an 18-24 month time period.
Competition: Although competition for getting into top 10 EMBA programs are similar to getting into a part-time program, there are world-class EMBA programs that has much lower GMAT and GPA requirement, and GMAT waiver in many cases. Participants have to compensate weakness in Academics with diversity and evident growth in the organization.
Admission Process: The admission process for part-time MBA program is similar to full-time MBA program. Academic competency (GMAT Score, GPA), Work Experience (3-5 years) and post-MBA goals are important for admissions. Although many EMBA programs have a more informal event like face to face interviews and meetings, most top EMBA programs follow traditional admission process and evaluate similar characteristics like that in part-time MBA programs. One key component in EMBA admission process is the endorsement by the employer. Are they enthusiastic about your MBA plans? Can the employer clearly chart out how your MBA will add value to the organization, especially for your team members?
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About the Author
I am Atul Jose, Founding Consultant of F1GMAT, an MBA admissions consultancy that has worked with applicants since 2009.
For the past 15 years I have edited the application files of admits to the M7 programs: Harvard Business School, Stanford Graduate School of Business, the Wharton School, MIT Sloan, Chicago Booth, Kellogg School of Management, and Columbia Business School, together with admits to Berkeley Haas, Yale School of Management, NYU Stern, Michigan Ross, Duke Fuqua, Darden, Tuck, IMD, London Business School, INSEAD, SDA Bocconi, IESE Business School, HEC Paris, McCombs, and Tepper, plus other programs inside the global top 30.
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