Executive MBA (EMBA) is a popular course among working professionals who wish to elevate their careers with an additional course. EMBA is perhaps a more lucrative counterpart of the regular MBA programme because the course is specifically made for mid-career professionals. Such people can easily get an amazing opportunity to grow, without disturbing the inflow of a consistent salary and experience that a regular job provides.
EMBA can help people boost their managerial acumen, achieve higher roles in the corporate world or even start their own businesses. There are plenty of advantages to studying an EMBA abroad. We have discussed everything about studying for an Executive MBA Abroad. Make sure you read the article till the end to get all the details!
Suggested:Difference Between EMBA and MBA Abroad
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Why Study An EMBA Abroad?
Take a look at the top reasons why you should study for an Executive MBA abroad:
- Short duration: Since the course is specifically made for mid-career professionals, the course duration is usually much lesser than that of a regular MBA. You can easily do a 1 year executive MBA abroad. In addition to that, most EMBA courses can be completed part-time as well.
- Value addition without career breaks: One of the biggest advantages of an EMBA is that you can continue your studies without taking a career break. Moreover, an EMBA is an intensive degree which can add immense value to your resume, company and salary.
- Networking opportunities: You can meet people from all walks of life and from various different career backgrounds who bring a diverse range of skills and experience to the classroom. Your connections can also help you make a great career move if you wish to work overseas.
- Career change: if you are eyeing a big career shift, an EMBA is your cue! The experience and skills you gain in the course can add to your existing professional experience and help to propel your career in an exciting new direction.
- New skills: It is always a great idea to upskill yourself in order to be successful in your career. An EMBA can enhance your credentials, hone your technical and soft skills, and ground your practical knowledge with a fundamental understanding of the different functional areas of business administration.
An EMBA degree benefits are immense and provide exposure along with a great career boost. You can definitely expect a very high return on investment after doing an EMBA.
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Executive MBA Abroad: Course Structure
The executive MBA is for working professionals and can be completed in 1 to 2 years. You may pursue an EMBA from a university board, online or using both methods, depending on the country and university of your choice.
- The syllabus of 1 year Executive MBA abroad is almost the same as that of a regular MBA programme. The only difference is that in an Executive MBA, the topics are taught in a more focused manner. The programme includes core and elective subjects, allowing the candidate to opt for specialisation if he/she wishes to.
- Having said that, it is important to note that EMBA courses are quite rigorous and intensive and the workload is very heavy. You may be expected to devote at least 15-20 hours (this, of course, may vary depending on the university, course etc) per week to assignments, group projects, exercises etc. The curriculum is demanding, yet clearly designed in a way that the professionals can keep their jobs while pursuing an EMBA simultaneously.
Let us now explore the best colleges in the world for pursuing an EMBA.
Top 10 Colleges In The World For Studying An Executive MBA
When it comes to studying an executive MBA from foreign university, it is very important that you choose the best possible B-school in order to enhance your credentials. A highly-reputed B-school definitely opens doors to bigger and better opportunities that can give an edge to your career.
Below, we have discussed the top 10 best colleges for Executive MBA in world.
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University |
Campus Locations |
Programme Name |
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The Wharton School of Pennslyvania |
Philadelphia, Pennsylvania, United States |
MBA For Executives |
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Barcelona, Spain Madrid, Spain Munich, Germany New York, United States Sao Paulo, Brazil |
Global Executive MBA |
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Paris, France |
Executive MBA |
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MIT (Sloan) |
Cambridge, Massachusetts, United States |
Executive MBA |
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London, England |
Executive MBA |
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University of Chicago Booth School of Business |
Chicago, Illinois, United States London, England Hong Kong |
Executive MBA |
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Fontainebleau, France Singapore Abu Dhabi, UAE |
Executive MBA |
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Said business school |
Oxford, England |
Executive MBA |
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UCLA (Anderson) |
Los Angeles, California, United States |
Executive MBA |
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Berkeley (Haas) |
Berkeley, California, United States |
Executive MBA |
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We have discussed everything about the cost of studying EMBA and the ROI it provides in the next sections.
Requirements To Study an Executive MBA Abroad
The requirements to study an EMBA abroad may vary depending on the university, the course structure, etc. It is highly recommended that you check your university’s official website to get all the details about studying for an EMBA.
We have listed down some of the basic requirements to study an EMBA abroad for international students:
- Graduate/postgraduate degree in any field from a recognized university/institution with a quality academic record.
- Minimum 7 to 10 years of professional work experience with a great professional track record. A candidate with upper-level management experience will be preferred in some institutions.
- GMAT and/or GRE examinations. These tests are required to get admission at foreign institutions.
- English language proficiency tests (IELTS, TOEFL, etc) for non-native English speakers.
- Other course-specific requirements.
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Documents Required To Study Executive MBA Abroad
The documents required may vary depending on the course, university etc. Please check your university’s official website for all the details. We have listed down a few documents common for all the international students:
- CV/Resume
- Academic transcripts
- Past academic score cards
- SOP
- LOR
- Copies of application form
- Letter of sponsorship (if applicable)
- Other documents
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How to Apply for an EMBA Abroad?
Moving on, this is how you can apply for an EMBA abroad:
- Shortlist your university, and fill in the application form (university specific or UCAS).
- Get your standardised test scores, references, and essays all sorted out.
- Keep all your documents ready to attach with your application.
- Apply for the university shortlisted, along with more universities you might want to get into.
- Also look for scholarships you would be interested in, and you would be eligible for.
- Do not miss the deadline, and patiently wait for your admission decision.
What is the Cost of Studying an EMBA Abroad?
Let’s be honest, studying executive MBA programs abroad is expensive. It is true that an EMBA costs a bit more than a regular MBA, but EMBA is also way more lucrative than the regular MBA.
Please note that very often, EMBA candidates are also sponsored by their current companies. Some companies cover the entire tuition fees for the candidate while others just cover a portion of tuition fees. Thus, if your company is funding your education, you must provide a letter of sponsorship covering all the details about the funding that the company is providing for the employee’s education.
We have discussed the total cost of studying executive MBA programs abroad below:
- Tuition Fees: The average tuition fees for an executive MBA abroad can be anywhere between $90,800 to $210,900 (INR 67,51,661 to INR 1,56,81,996). The cost may vary depending on the location, university, course duration, course structure etc. Please check your respective university’s website for more details.
- Pre-admit costs: pre-admit costs include various entrance test charges or application fees that are required by most universities. These include entrance exam charges (TOEFL, IELTS, GMAT, GRE, PTE etc), application fees, health surcharge, student visa fees, travel expenses etc. All of this combined can go anywhere between $500 - $1000.
- Post-admit costs: post-admit costs include the average cost of living in a particular country. This may vary greatly depending on the kind of lifestyle you have, the country you choose to study, the location where you decide to live etc.
The cost of studying for an EMBA can easily be reduced if you apply for various scholarships or even if your company takes up the responsibility of funding your education.
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Know More About Studying an MBA Abroad |
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Scholarships To Study An Executive MBA Abroad
Since pursuing an EMBA can be heavy on the pocket, many top B-schools have started offering scholarships to EMBA students. We have discussed some popular scholarships for international students planning to pursue EMBA below:
Kellogg/HKUST Executive MBA scholarship
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Name of The Scholarship |
Description |
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Award For Leaders in Emerging Market |
For applicants from a country with an emerging market economy. Candidates must have a track record of academic excellence and professional leadership skills. |
Tired of carrying out study-abroad research by yourself? Get in touch with our Yocket Counsellors today!
INSEAD Scholarships for MBA students
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Name of The Scholarship |
Description |
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Scholarships for women |
Covers up to 20% of total tuition fees for self-sponsored or partially funded women applicants who have demonstrated substantial professional accomplishments. |
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INSEAD GEMBA Scholarship for Entrepreneurship |
covers up to 60% of the program's tuition fees and is open to self-funded persons having a track record of entrepreneurship and a dedication to it. |
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INSEAD GEMBA Scholarships |
are awarded to talented and dynamic individuals whose background, work experience and personal profiles will contribute to the GEMBA program’s learning experience. Participants need to be self-funded or partially sponsored up to 50%. |
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INSEAD GEMBA Scholarship for Non-Traditional Backgrounds |
is available to students from non-traditional backgrounds who wish to attend the INSEAD GEMBA programme. |
London Business School Scholarships for EMBA Students
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Name of The Scholarship |
Description |
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Muna Al Gurg Scholarship |
£50,000 scholarship awarded to one female in the MBA program or EMBA Dubai program. |
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30% Club scholarship |
Scholarship to female Executive MBA London or Dubai participant who has exhibited leadership potential and a dedication to the Executive MBA program's continued success. The scholarship will be subtracted from the total tuition charge and is worth up to 50% of the tuition fee. |
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London Business School Women’s Scholarship |
50% of LBS tuition fees for self-financed students are covered. |
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Gallifrey Scholarship for social enterprise |
One £20,000 scholarship to a successful candidate with a social enterprise background. |
Almost all the Executive MBA colleges offer scholarships to international students. You may find more information on the university’s official website. There is always a page that talks about financing and scholarships for students. You may do your research and apply accordingly.
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Job Opportunities After Studying an EMBA
There are ample job opportunities after completing an EMBA. From getting a higher position at your existing organisation or getting an opportunity to explore the overseas job scenario or even starting your own business, an EMBA degree never goes to waste. In fact, EMBA degrees coupled with a robust professional work experience provide a very high ROI. Some of the most popular recruiting companies for EMBA graduates include McKinsey & Co., Deloitte S&O, KPMG Strategy, PwC Strategy, Bain & Company, Accenture Strategy, Amazon, Google, BCG etc.
We have discussed some of the most popular job profiles after completing an EMBA and their average annual salary.
|
Job Profile |
Average Annual Salary |
|
Finance manager |
$134,180- $186,060 |
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Sales manager |
$132,290- $185,200 |
|
Marketing manager |
$142,170 - $191,760 |
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Human resource manager |
$80,663 - $102,780 |
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Digital marketing manager |
$94,168 |
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Operations manager |
$62,834 - $88,336 |
|
Production manager |
$93,940 - $162,240 |
Suggested:MBA Abroad at Low Cost
To sum it up, we can say that an executive MBA from foreign university is an invaluable asset to your profile. With an EMBA, you get to upskill yourself, meet newer people and learn more about running a business. If you are planning to pursue an EMBA abroad and don't know where to start, get in touch with Yocket Study Abroad experts to make your entire study abroad process easier!
Frequently Asked Questions about Studying an EMBA Abroad
Ques. Can I do an EMBA without having much work experience?
Ans. Executive MBA programmes are for professionals with work experience. The minimum required work experience can be at least 3 to 5 years in some countries.
Ques. Which country is best for an executive MBA abroad?
Ans. You may choose any country that you like. Some of the popular EMBA destinations among international students are the USA, France, Singapore, the UK etc.
Ques. What is the cost of studying an EMBA abroad?
Ans. The tuition fees may vary depending on the university, course structure etc. However, you can expect to pay anywhere between $90,800 to $210,900 (INR 67,51,661 to INR 1,56,81,996).
