Going through the below editorial will give readers an insight on the two burgeoning Master’s Degree programs.
Having a Master’s degree not only boosts your resume’ but secure a rewarding position in renowned companies, enhancing professional career. Since many MBA candidates are already employed full time, global business schools introduced programs for the likes of these. Now, students can easily choose between traditional and executive MBA having diversified attributes, specialization subjects maybe similar though. Read on to know more!
It’s all the same like other graduate programs where students attend full time classes per course timetable. The program normally accommodate minimum four and maximum six semesters with each having four to five months duration but it may differ per institution and even nationwide. This is because subjects and governing policies tend to vary with primary culture and convenience of all.
A citation from University of Texas at Dallas School of Management mentions that traditional MBA programs include extended curriculum and large classes as compared to its counterpart. Students must’ve at-least two years working experience in any disciple which is a common eligibility criterion whereas for executive program, applicant must be working in the same field. MBA short term programs in UAE and across the Middle East is just about similar.
As mentioned earlier, executive master’s degree program is devised for employed personnel to cater the already hectic schedule; class timings and days also vary such as evening, weekends, night, morning and even online (home-based) study scheme. Degree title pretty much elucidates that it’s for candidates at mid-level of their careers, possibly supervisory or first-line managerial designation. A few institutions like The Wharton School at University of Pennsylvania don’t even offer specialization courses as students are already well aware of core business procedures.
Difference in Time Span
Number of courses in both programs is almost similar but degree completion period varies. Traditional MBA is more intensive, usually focused on specialization subjects where students complete their graduation in nearly one to two years, depending on number of subjects picked during a semester. In contrast, an executive program takes three to four years. Meanwhile, summer holidays and term breaks after each semester further elongate the duration.
“No two fingers are alike”, the term fits here quite well as purpose of traditional as well as executive MBA courses is to enhance business knowledge among students but the way they’re taught differs depending on institution and demographics. Applicants of conventional study have less professional working experience as compared to former companion which means basic subjects are included in curriculum with specialization electives. Team oriented projects and group assignments are for managerial types who’re already at the peak of their career.
Full-time MBA from a top-ranked institution will cost you nearly $100,000 whereas executive program fee is more or less $58,000 according to www.CarrierBuilder.com and MBA Council. The cost may vary globally with social, political and economical flux having a profound impact.
An MBA degree as said is directed more towards specialization and ideal for students interested in a particular business field such as accounts and finance, human resource, marketing! Whereas a candidate already employed somewhere maybe expecting promotion or switching prefers E-MBA, a step to pursue entrepreneurial paths.