It is important that you understand the ROI of an Executive MBA may be quantified by more than just your earning potential and marketing prospects. The intangible benefits of an EMBA additionally have tremendous value. From the new-found small business understanding, to how you’ll grow as a leader and professional networking opportunities.
Choose which study format is ideal for you
Executive MBA programmes are delivered in various formats, such as part-time, on the internet, and also mixed (where you study – and off-campus — usually at weekends or in the day ), over a period of 12-24 weeks.
They are designed for the experienced working professional who can’t afford the luxury of setting their own career on hold for a prolonged time period but has the potential to study alongside their job, instead.
Deciding which type of programme is appropriate for you can take some time, therefore it is vital that you identify what it is you need and want from the programme.
Learn more about India’s one and only joint degree Executive MBA in Mumbai by IIT Bombay and Washington University in St. Louis.
Consider your future earning potential
It’s important to understand what the long-term earning potential is for executive MBA graduates — since is paying close attention to the career paths they have gone on to pursue.
In the QS Global EMBA Rankings 2019, Warwick Business School ranked number one for a salary raise as its graduates go on to get an average salary increase of 114 per cent — well ahead of the market average.
Recognize your career ambitions
A common motivation for pursuing an executive MBA is if you really feel as if you’ve reached a career plateau and never have more room to develop or move upwards. If reaching out to a management position sooner or starting your own company is the aim, an executive MBA will help you go into project places you wouldn’t be able to differently.
Contemplate what financing and financial aid is readily available for you
Based on data from the EMBA Council, only more than half of MBA students have received either full or partial scholarships in their own companies.
As for your remaining 46 per cent — they are self-sponsored. But, it’s generally the case they have access to a kind of financial help or assistance.
Despite the significant cost of an executive MBA, there’s usually always an option that may help offset some of the costs.
Maximising the amount of financial help you can secure whether it’s granted on merit or need, is one of the most crucial considerations when deciding between colleges. For that reason, it’s important that you do your research and also speak with your employer and potential small business school to learn what options are offered for you.
Bring your newfound management and leadership abilities to the table
A big benefit of an executive MBA is that you can immediately apply what you have learnt to your present role. Also, share your newfound wisdom with other people.
An executive MBA from a well-established small business school may be an invaluable resource for meeting new contacts, building a powerful, professional network. And bringing a wide range of opportunities your way.
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