12:05 PM Online Executive MBA Programs: 2015 s Top Schools | ||||
The executive MBA differs from a traditional MBA in that it is geared for business professionals who already have several years of management experience. Therefore, the courses do not include the foundational business administration framework found in a standard MBA program. Instead, classes focus on processes, improved management strategies and direct application in the workplace. An online Executive MBA is a rigorous graduate program that typically takes two years of study to complete. Because the program is geared toward full-time mid-level managers looking to move up the corporate ladder, few students complete the program faster, as many are enrolled part time and don t have room in their busy schedules for accelerated studies. The online Executive MBA provides students with a thorough business administration education in all major areas, such as accounting, finance, marketing, management, statistics, business law and ethics. However, instruction in these courses is tailored for seasoned professionals, rather than those with little to no management experience. The focus of such classes isn t to prepare students for management roles, but to teach students new ways of applying those business principles in their current place of work. Possible courses might include: Economic Analysis for Business Leaders, Analytical Tools for Decision Making, Bargaining and Negotiations, Strategic Management and Enterprise Risk Management. Some online Executive MBA programs give students the option to complete an international residency. Online Executive MBA programs usually do not require internships between the first and second years as standard MBA programs often do, because students are already employed in the business world where they can directly apply what they learn in class. Such programs also do not generally offer opportunities for specialization. Online Executive MBA programs capitalize on the collective business experience present in the classroom and thus often require group work in which students collaborate on projects. To get into an online Executive MBA program, all applicants must fulfill several requirements, such as holding an undergraduate bachelor s degree with a grade point average of 3.0 or higher. Students are not required to have majored in business during their undergraduate studies but should have proficiency in algebra-level mathematics. Those who lack mathematics skills can complete an algebra class before applying to an Executive MBA program. Some schools will also require GMAT scores. For example, the University of Pennsylvania requires that all applicants submit them, though there is no minimum score requirement. Make sure that the school you select is accredited by the Association to Advance Collegiate Schools of Business. The AACSB is a nonprofit membership organization dedicated to the advancement of quality management education and serves as an accreditor for undergraduate, master s and doctoral programs in business and accounting. When online executive MBA schools are accredited, you can rest assured that you will receive a quality business education there and avoid wasting your money at a school that offers you classes that are too easy in exchange for a worthless degree. Many different types of people benefit from enrolling in online Executive MBA programs, particularly older individuals in mid-level management who are looking to sharpen their business skills and retrain for work in a modern business environment, brushing up on areas such as e-commerce, information technology and international business that have gained precedence in the last 15 years. The program provides key training for those who want to continue to climb the corporate ladder. The online Executive MBA program is also beneficial to high-level employees who want to polish their business skills to qualify for similar positions at other corporations. The online Executive MBA equips you with the practical skills and knowledge you need to make a career transition at the top.
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