EMBA Admissions: Sponsorship and the GMAT

Question

https://blog.accepted.com/wp-content/uploads/2016/02/Sponsorship-and-GMAT-changes-in-EMBA.png  
  Your employer's support is very important.

The changes in the EMBA applicant/student profile that we explored in the previous post are accompanied by new trends in the EMBA world. Now we will examine two of these trends: changes in sponsorship and GMAT requirements.

Changing company sponsorship requirements/expectations

EMBA applicants' employers often sponsor their EMBA studies, at least to some extent. This sponsorship ranges from paying 100% of the tuition (rare) to simply accommodating the applicant’s need to take time off from work (almost universal).

This sponsorship picture has certainly changed over the last decade. According to the Executive MBA Council’s  recent research survey results , the percentage of self-funded EMBA students has grown to almost 40% by 2014. It was 32% in 2005-2006, according to the  Council’s 2006 Survey . That same 2006 survey shows that 40% of organizations fully funded EMBA students in 2003 and 35% in 2005-2005. Now, per the 2014 survey, that percentage has dropped to about 25% in 2014.

Virtually all EMBA programs take sponsorship seriously and typically require that the employer provide a statement of support for the applicant's EMBA plans. Here are some samples of EMBA sponsorship expectations:

•  Wharton : " For most applicants, proposing and receiving sponsorship is a crucial part of the application process . While employer endorsement is a requirement for admission, financial sponsorship is at the discretion of the student’s organization ... All applicants require the basic level of sponsorship, which is the acknowledgement of time to participate in the program."

•  Duke (Global Executive) : "A letter from your current employer outlining your company's support of time is required. This letter may also include information about your employer's financial commitment, but financial sponsorship is not required. Proprietors or principals of a company can provide a letter of self-sponsorship.” (The webpage also provides a link to a sample letter.)

•  MIT : “…We consider corporate sponsorship of the time requirement to be critical. In your application package, one of your recommenders should be from your boss, and address the topic of time sponsorship.”

•  Kellogg : "Your organization is required to supply a letter stating that it supports and approves the time required for you to attend the Executive MBA Program. If your organization is providing financial sponsorship, please state that in the letter as well. (However, you are not required to have financial sponsorship.)"

Financial sponsorship can still be a competitive plus for applicants, because it underscores your value and high potential in the organization’s eyes. But not having it is not a negative factor.

If you’re an entrepreneur, you basically sponsor yourself – therefore you must indicate how you’ll accommodate the time requirements within the context of your own organization.

It happens too that sometimes regularly employed applicants who are eligible for financial sponsorship may prefer to self-fund, because they do not want to be beholden to their organization but instead be free to pursue other options. Indeed, having time sponsored can create an obligation on the applicant’ part. If that’s not desired, EMBA programs (such as  Columbia University’s ) that offer a Saturday-only option may be the best option.

GMAT requirements

More and more EMBA programs, including some of the highest ranked such as  Kellogg ,  MIT ,  NYU ,  Cornell ,  Ross  (University of Michigan), and  Anderson (UCLA), do not require the GMAT (or GRE).

And among those that do require the GMAT, it may be possible to obtain a GMAT waiver under certain circumstances. For example,  Booth  at University of Chicago and  Goizueta at Emory  require the GMAT generally but may grant waivers if you can present concrete evidence of sufficient quantitative and analytic capabilities and skills. If you believe you’re eligible, you must request the waiver proactively. Some schools with multiple EMBA program options, require the GMAT/GRE for some programs but not others - those programs targeting the more senior, experienced applicants tend not to require it. E.g., Duke’s Global Executive MBA does not require a standardized test, whereas the  Weekend Executive MBA does (in fact they explicitly prefer the GMAT over the GRE) .

While you may be relieved to be free of this test burden for many great EMBA programs, if you do take the GMAT and score high, it's worth reporting the score to the schools because it further (a) affirms your preparation for academic work in both verbal and quantitative areas; and (b) shows that you are serious about and committed to the EMBA process. Moreover, if you have a relatively low undergraduate GPA (and don't have a better grad GPA), submitting a strong GMAT (or GRE) score can mitigate the effect of the academic underperformance to some extent and indicate academic readiness.

https://cdn2.hubspot.net/hubfs/58291/CTAs/Ace_The_EMBA_-_cta.jpg

By   Cindy Tokumitsu ,  co-author of   The EMBA Edge ,  and author of the free special report,   Ace the EMBA .  Cindy has helped MBA applicants get accepted to top EMBA programs around the world. She is delighted to help you too! 
 
Related Resources:

•  Excellent Executive MBA Admissions Advice   
•  The GMAT and EMBA Programs 
•  MBA Admissions Decisions: Should You Go Full-Time Or Part-Time?

This article  originally appeared on  blog.accepted.com .

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 apply, writing your application essays, or prepping for your interviews, we are just a call (or click) away. 
 
Contact us, and get matched up with the consultant who will help  you   get accepted !

nadinbroun · Answer

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nadinbroun · Answer

It is imperative to comprehend what the GMAT is. Initially, it remains for Graduate Management Admission Test, which is a three and a half hour of standard exam that is outlined and made for test takes that need to take up a Masters in Business Administration program. The score is an imperative part of the application utilized by business colleges in deciding if a candidate meets their prerequisites all together for him or her to fit the bill for affirmations. It is a protracted exam that the business colleges require from understudies, who ought to accomplish high scores. For some situation, understudies would prefer not to take the  GMAT waiver request  for reasons like those that don't perform well in tests like it. On the off chance that you need to apply to forgo the prerequisite for a GMAT score, you should present a GMAT waiver letter.

EMBA Admissions: Sponsorship and the GMAT

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