If you're an experienced management professional with C-suite aspirations, an Executive MBA (EMBA) in the USA looks like a smart investment. EMBAs are typically part-time, curated for you to continue working full-time while pursuing it.
But what is an Executive MBA? An Executive MBA is a master's degree program designed for experienced professionals who want to advance their careers. It typically takes two years to complete and is offered on a part-time basis, so you can continue working while you study. Executive MBA programs are more expensive than traditional MBA programs, but they can also lead to higher-paying jobs.
Executive MBA graduates see a significant salary increase within two years of graduation. According to the GMAC Corporate Recruiters Survey published in 2023, the average base salary for a US Executive MBA graduate was $212,000 (INR 1,76,51,810 ). Additionally, 91% of US Executive MBA graduates receive a promotion to higher-paying positions within a year of graduation.
The USA is home to some of the top-ranked Executive MBA programs in the world, including the Wharton School, MIT Sloan School of Management, and Columbia Business School. These programs offer rigorous curricula and world-class faculty, preparing you for the challenges and opportunities of the global marketplace.
If you're serious about advancing your career to the C-suite, an EMBA in the USA is a great way to accelerate your journey. With its strong networks, global immersion opportunities, and top-ranked programs, the USA is the ideal place for your EMBA.
Sounds great, doesn’t it? If you are looking to upscale your professional journey with an Executive MBA, connect with Yocket’s expert counselors right away. Do you know - it is not too late to apply for the 2024 intake? Schedule a call, to get personalized guidance for your journey to an Executive MBA in the USA!
In this blog, we have provided detailed information about the best executive MBA programs in the USA, costs, scholarships offered to international students, admission requirements, and more. Let’s dive in!
Why Study Executive MBA in the USA?
Enrolling in an executive MBA program in the USA offers extensive career opportunities for international students. The job of an executive manager can involve a wide range of tasks, from managerial economics and corporate strategy to marketing management and international finance. Before enrolling in the program, international students should be aware of the following benefits of an executive MBA program:
- High Ranked Colleges: There are many colleges of executive MBA in the USA for international students. Most of the top B-Schools in the USA have ranked among the Top QS EMBA Rankings in 2023. It is worth mentioning that top B-Schools, such as Wharton, Sloan, Booth, and others have ranked in the Top 10 QS EMBA Rankings of 2023.
- Level of Education: An EMBA degree is rewarding, and offers students a high level of academic education. Executive Managers have a massive knowledge of managerial economics, financial management, marketing management, etc.
- Array of Skills: Pursuing an EMBA degree will help you to acquire a range of skills. Many management professionals learn new development techniques and move towards more responsibilities. Completing this course will help you to enhance your understanding of business, strategic thinking, and the ability to perform critical analysis.
- Career Prospects: An Executive MBA in the US will assist you in getting new job opportunities across the world. A 2020 EMBA council figure suggests that students' salaries will increase by 14.1% after completing the course, with graduates earning around INR 1,06,93,200 upon completion of their EMBA.
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Executive MBA in USA: Course Structure
If you are among the students planning to study the EMBA program in the US, you must take a quick look at the course structure of Executive MBA courses in the US.
Course Duration
The Executive MBA program in the US is 1 to 2 years like any other master's degree. US universities also provide Executive MBA programs with majors, full-time, part-time, and additional courses and internship opportunities for students.
Content
Executive MBA programs in USA is a professional degree termed Executive in Masters in Business Administration. The course content covers topics such as behavioral and organizational concepts, statistical methods, marketing management, managerial economics, managerial accounting, etc.
Alternative
You may also have the option to study an alternative course of Executive MBA such as MSc in Marketing Management, Global MBA, MBA in Marketing Management, etc.
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Further, let us know about the colleges in the US for Executive MBA.
Top 5 Executive MBA Colleges in the USA
There are several MBA Universities in the US offering admission to the best executive MBA USA. Here is a list of some top EMBA Colleges in the US
- University of Pennsylvania
- University of Chicago
- Northwestern University
- Massachusetts Institute of Technology
- Columbia University
Find more details on these top B-schools below:
1. University of Pennsylvania - The Wharton School
The EMBA program at the University of Pennsylvania is 24 months and can be completed with 19.0 credit units. The course offers students the option to vote to determine the electives that will be offered for their second year. Students will choose a formal major degree, however, it is not required by the school.
|
QS World University EMBA Rankings 2023 |
6 |
|
Type of Institution |
Public |
|
Average Total Fees |
INR 1,92,23,928 |
|
Program Offered |
Executive MBA |
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2. Massachusetts Institute of Technology - Sloan School of Management
The MIT Executive MBA program is offered by the Sloan School of Management and is a rigorous 20-month duration. The program is designed for mid-career executives who are poised at pivotal junctures in their careers. The program provides an opportunity for students to join an elite forum for innovation and leadership that will develop an edge in management capabilities and build a network that can last for a long time.
|
QS World University EMBA Rankings 2023 |
14 |
|
Type of Institution |
Public |
|
Average Total Fees |
INR 1,59,92,000 |
|
Program Offered |
Executive MBA |
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3. University of Chicago - Booth School of Business
The University of Chicago EMBA program is offered by the Booth School of Business. The program is designed for experienced professionals who are driven to hone analytical skills, delve deeper into the business foundation, and lead with confidence to students. The curriculum follows a logical expression of courses that can help you generate new business insights and create a game-changing impact on the workplace.
|
QS World University EMBA Rankings 2023 |
11 |
|
Type of Institution |
Public |
|
Average Total Fees |
INR 1,64,98,500 |
|
Program Offered |
Executive MBA |
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4. Northwestern University - Kellogg School of Management
The Executive MBA degree program at Kellogg can enhance the development of experienced professionals and make world-class leaders across the world. In this course, you will develop new frameworks for solving tough business-related problems in terms of broadening your global network. The program will teach you deep underground the marketing dynamics and the customer needs of an area.
|
QS World University EMBA Rankings 2023 |
13 |
|
Type of Institution |
Public |
|
Average Total Fees |
INR 1,85,22,192 |
|
Program Offered |
Executive MBA |
5. Columbia University - Columbia Business School
The Columbia School of Business Executive MBA program can enable students to grow while staying connected with the dynamic business environment. The core curriculum of the course embraces big-picture business and entrepreneurial dreams and the electives offer a deep insight into a variety of industries and functional areas that allows you to create an academic experience to fit your goals.
|
QS World University EMBA Rankings 2023 |
16 |
|
Type of Institution |
Public |
|
Average Total Fees |
INR 1,94,34,000 |
|
Program Offered |
Executive MBA |
Eligibility Criteria and Requirements for Executive MBA Programs in USA
Before taking admission to a full-time executive MBA in the USA, international students will be required to go through the eligibility criteria and college admission requirements. The following details are
Let us know in detail about the executive MBA in the USA eligibility requirements
Education Requirements
Most of the Top B-schools in the US need an Executive degree in business administration or a related field. For an undergraduate degree, high school completion with a GPA between 3.0 to 4.0 score.
English Language Proficiency
If your first language is not English, international students must submit ELP test scores to study executive MBA programs in the USA. This may include TOEFL with a minimum score of 92 iBT (21 in each section) and IELTS with a test score of 7.0.
GMAT or GRE
For a full-time and a one-year executive MBA in the USA, you are required to submit the results of the GMAT or GRE. The minimum score of GMAT ranges from 640 to 740 with a middle range of 80 percent.
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Work Experience
This is one of the most important requirements to get admission to the EMBA college. The minimum work experience varies from one college to another, however, on average you must have at least 6 to 8 years of experience for admission.
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Documents Required for Executive MBA in USA
There are some additional requirements for EMBA colleges that you need to fulfill at the time of admission. Some of them are
- Official Academic Transcripts
- Proof of English language Proficiency Test
- At least 2 to 3 Letters of Recommendation
- Statement of Purpose
- Updated CV or Resume
- Work Experience
- Interview
- Proof of Financial Resources
- Extracurricular Activities certificate
- Study Visa
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Cost of Studying Executive MBA Courses in the USA
The US is the most expensive country if you are looking for an executive MBA in the USA for international students. You have to spend a lot of money to study at the best EMBA colleges in the US. To know the executive MBA cost in the USA and the cost of living, here we have provided detailed information about the same.
Tuition Fees
The executive MBA cost in the USA is set by the respective colleges on several factors such as your specializations, schools, credits, etc. The average executive MBA USA fee for international students is around INR 1,91,14,600 for two years.
Living Costs
There are different types of accommodation facilities available for international students in the US. The living costs vary as a student has to pay around INR 8,00,900 to INR 11,66,000 per year, apart from the accommodation you have to spend between INR 2,50,000 to INR 4,16,000 for some other expenses like transportation, health, food, study materials, etc.
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Scholarships for Executive MBA in USA
Numerous US master's scholarships are available for international students to manage executive MBA USA fees. The scholarships offered here are majorly based on students' academic achievement, and some are offered by the US government that are university-specific, and country-specific. Some scholarships for executive MBA in the USA for international students are given below:
|
Scholarship Name |
Eligibility Criteria |
Benefits |
|---|---|---|
|
Merit-Based Scholarships, University of Chicago |
Candidates with a good academic achievement |
Varies |
|
General Scholarships, Northwestern University |
International students studying EMBA degree with good academic records |
Varies |
|
Dean’s Scholarship, the University of California |
International students with a good academic record |
INR 8,33,000 |
|
Merit-Based Fellowship, MIT |
International students with good academic excellence and professional achievements |
Varies |
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Career Opportunities in USA After Executive MBA in USA
After completing an executive MBA in the USA, there are several options available to explore including pursuing higher studies like an MBA or Ph.D. in the US, getting a job in various top global companies, or starting your organization.
The average salary for various prominent fields in the US after EMBA has been tabulated below:
|
Job Profile |
Average Annual Salary |
|---|---|
|
Chief Executive Officer |
INR 1,30,56,410 |
|
Chief Financial Officer |
INR 1,11,34,390 |
|
Chief Operating Officer |
INR 1,20,30,108 |
|
Executive Director |
INR 1,00,30,405 |
|
Executive Manager |
INR 83,58,822 |
|
Managing Director |
INR 95,77,976 |
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From the Desk of Yocket
Candidates who graduate with an Executive MBA gain access to exciting and high-paying career opportunities in a variety of industries. Some of the most sought-after industries are consulting, finance, technology, and healthcare. With ample industry experience, they also tend to build their own companies, which generate huge revenues.
Studying an EMBA in the USA can help professionals update their industry knowledge and learn cutting-edge approaches in their respective fields. The USA is home to some of the top-ranked EMBA programs in the world, with strong alumni networks and global immersion opportunities.
Yocket has helped over ten thousand students get into their dream programs. If you are looking to pursue an Executive MBA in the top B-schools in the US, explore Yocket Premium today! In 2023 itself, we have received over 50+ IVY League admits, and we can do it for you too!
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Know More About Studying an MBA Abroad |
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