{"id":36449,"date":"2017-03-19T07:30:52","date_gmt":"2017-03-19T14:30:52","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=36449"},"modified":"2017-03-19T05:35:12","modified_gmt":"2017-03-19T12:35:12","slug":"the-mba-family-tree-a-roundup-overview-of-different-mbaemba-options","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/the-mba-family-tree-a-roundup-overview-of-different-mbaemba-options\/","title":{"rendered":"The MBA Family Tree: A Roundup & Overview of Different MBA\/EMBA Options"},"content":{"rendered":"

\"Need<\/a><\/p>\n

At its core, the MBA is a graduate program in business administration for professionals who seek knowledge, skills, a credential, and\/or a network to advance in business and to maximize their business performance. While \u201cMBA\u201d makes many people automatically think of a two-year, full-time program, in recent years the variations on the MBA theme have multiplied, in order to meet changing and diversifying needs and interests of students and organizations.<\/p>\n

Are you ready to explore the various players in MBA admissions?<\/a> Here\u2019s a roundup of the main MBA options that are currently available, and their benefits and drawbacks.<\/p>\n

Full-Time MBA Programs:<\/strong> This is a two-year, full-time program with an internship in the summer. It targets business (and sometimes other) professionals with roughly 3-8 years of experience. Obtaining a new position post-MBA is often a major focus of students, and recruiting by potential employers is a significant benefit of attending a full-time MBA.<\/p>\n

\u2022 <\/span>Pros:<\/strong> Close and sustained interaction with other full-time students, ideal for career changers, internship opportunity, strong recruiting<\/p>\n

\u2022 <\/span>Cons:<\/strong> Significant opportunity cost, time away from industries that are undergoing rapid change<\/p>\n

Part-Time MBA Programs:<\/strong> Ideal for people who don\u2019t want to leave their company or industry for any significant period or who can\u2019t afford to stop working. Such programs target people who are employed full time, under the premise that students\u2019 ongoing work will inform classroom discussion and projects. Part-time MBA students trend a little older than full-time MBA students. While these programs have traditionally served local students, increasingly they are offering varied structures and online components to attract distance students. They do not generally offer access to recruiters. Often admission is less competitive than for the same school\u2019s full-time program, enabling part-time students to obtain a \u201cbrand\u201d they may not qualify for otherwise.<\/p>\n

\u2022 <\/span>Pros:<\/strong> Can continue to work\/earn, apply learning in real time, gain access to top-tier programs<\/p>\n

\u2022 <\/span><\/strong>Cons:<\/strong> Take longer, no internship, usually no recruiting, it can be grueling to work and study simultaneously<\/p>\n

One-Year MBA Programs:<\/strong> Of course, most European full-time MBA programs are one year. Some top US MBA programs, e.g., Cornell\u2019s Johnson<\/a> and Northwestern\u2019s Kellogg<\/a>, have offered one-year options for a while, and others are joining the fray as demand for such programs grows. Often these one-year programs have special requirements, such as some prior business education or an advanced degree. They are ideal for people who don\u2019t need an internship and who have a strong base of experience; not usually the best path for career changers.<\/p>\n

\u2022 <\/span>Pros:<\/strong> The intensity of a full-time program with less opportunity cost, usually regular recruiting, ability to quickly rejoin a fast-moving industry<\/p>\n

\u2022 <\/span><\/strong>Cons:<\/strong> No conventional internship, less time to network with students and faculty<\/p>\n

Executive MBA Programs<\/a>:<\/strong> EMBAs are part-time programs targeting seasoned managers and entrepreneurs, typically people in their mid-thirties to late forties (depending on the program) whose rise to senior manager level is imminent or who are already in senior management. There is range within this category in terms of desired\/required length of experience. While coursework covers the same topics as regular MBA programs, it\u2019s developed and presented with the higher level perspective. A great benefit of EMBA programs is the chance to network and form relationships with peers from a variety of industries and functions at a career phase when a fresh perspective is quite valuable but sometimes hard to obtain. These programs don\u2019t target career changers, but are increasingly used by and open to them, even though most EMBA programs don\u2019t offer formal recruiting.<\/p>\n

\u2022 <\/span>Pros:<\/strong> Can apply learning immediately at work, breadth of exposure at a pivotal professional moment, valuable credential<\/p>\n

\u2022 <\/span>Cons:<\/strong> Challenge of school plus demanding career and personal\/family responsibilities, usually no formal recruiting for career changers<\/p>\n

Specialized MBA Programs:<\/strong> These programs offer the MBA course with a focus on a specific industry or function; there are such options among both regular and executive MBA programs. They vary in their formats and approaches. Boston University\u2019s Public & Nonprofit MBA is an example of a two-year specialized MBA; UC Irvine\u2019s Health Care Executive MBA (HCEMBA) is an example of a specialized EMBA. The Cornell Tech MBA<\/a> is an example of a one-year specialized MBA.<\/p>\n

\u2022 <\/span>Pros:<\/strong> Intensive focus on area of interest with coursework adapted accordingly, network of colleagues with related experience and goals<\/p>\n

\u2022 <\/span><\/strong>Cons:<\/strong> Missing out on the diverse perspectives from other industries\/sectors that can refresh and invigorate your thinking<\/p>\n

While you can\u2019t apply to two different types of MBA programs at the same school in the same admissions cycle, you can do so in different cycles. And you can apply to different types of programs at different schools at the same time. For example, if someone is between regular and executive MBA in terms of age or length of experience, they could apply to some regular MBAs that trend older and some exec MBAs that trend younger. Or someone may apply to full-time MBA programs but also apply to a part-time program nearby as an acceptable back-up.<\/p>\n

Please do keep in mind, and address in your application, the nuances of the type of MBA as well as the particular program<\/a>!<\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n

\"Cindy<\/a><\/em>Cindy Tokumitsu<\/a>\u00a0has advised hundreds of successful applicants, helping them gain acceptance to top MBA and EMBA programs in her 15+ years with Accepted. She would love to help you too. Want Cindy to help you get Accepted? Click here to get in touch!<\/a><\/strong><\/em><\/p>\n

 <\/p>\n

Related Resources:<\/strong><\/p>\n

\u2022 Ace the EMBA<\/a>, a free guide
\n\u2022 Navigate the MBA Admissions Maze<\/a>, a free guide
\n\u2022 Tips for Applying to Part-Time MBA Programs<\/a><\/p>\n

This article<\/a>\u00a0originally appeared on\u00a0<\/i>blog.accepted.com<\/a>.<\/i><\/p>\n

Applying to a top b-school? The talented folks at Accepted have helped hundreds of applicants get accepted to their dream programs. Whether you are figuring out where to apply, writing your application essays, or prepping for your interviews, we are just a call (or click) away.<\/p>\n

Contact us, and get matched up with the consultant who will help\u00a0you\u00a0<\/i>get accepted<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

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