It was estimated nearly 92% of companies are likely to hire MBA graduates, per the Corporate Recruiter Survey of 2022. These stats motivate everyone – whether a student or working professional to earn an MBA degree. But, it can be a lot difficult for people who are working full-time. Here, the Executive MBA (EMBA) programs come to the rescue as they are specifically designed for candidates with 7-10 years of professional experience.
According to the 2020 Executive MBA Council’s student exit survey, EMBA graduates received an average 14.1% increase in their compensation (both salary and bonuses). Thus, the propelled growth of EMBA programs worldwide is justified. But with the growing pool of EMBA graduates, the ones who win are the graduates who study at prestigious universities and are ahead of the competition.
Are you one such individual searching for top executive MBA programs in the world? Read on to learn more about the degree in detail.
Table of Contents
Why Study Executive MBA Abroad?
EMBA programs are beneficial for numerous reasons, a significant one being flexibility and a hybrid approach. According to the GMAT survey, the hybrid delivery model is preferred by candidates who wish to pursue professional MBA programs, such as Executive MBA, Part-time MBA, and Flexible MBA (44% in 2021), than those looking forward to joining full-time business master’s (20%) or MBA programs (13%).
Following are some of the reasons you should apply for top executive MBA programs in the world:
Job Market
The population abroad (specifically first-world countries) has a lower population count than most third-world countries. Consequently, these countries have a lower labor count but a high job demand. Therefore, studying EMBA abroad would benefit graduates planning to work overseas.
Teaching Method
The teaching style adopted in universities abroad is more diverse, experimental, and experiential. The practical and research-based teaching methods, like the new Harvard Business School case study approach, translate well to learners.
Networking
Universities abroad in first-world countries have flourishing study-abroad programs joined by students worldwide. Therefore, individuals planning EMBA have a better chance of networking in universities abroad due to their diverse group of students and teaching staff.
Enhance Quality of Life
Students get a good quality of life in countries abroad in terms of housing, food, and diversity of culture & thinking. Life abroad would not only be a start to a new life but a start to a better and more independent life wherein students explore their individuality.
Top Executive MBA Programs Offered at World’s 10 Best Colleges
Following is the list of universities with the best executive MBA programs in the world:
University Name | Course Name | Campus Location | QS Subject Ranking 2023* |
IESE Business School | EMBA, Global EMBA | Spain | 1 |
HEC Paris | EMBA, Trium Global Executive MBA | France | 2 |
Penn (Wharton) | Executive MBA | United States | 3 |
MIT (Sloan) | Executive MBA | United States | 4 |
Oxford (Said) | Executive MBA | United Kingdom | 5 |
Chicago (Booth) | Executive MBA | United Kingdom | 6 |
London Business School | Executive MBA | United Kingdom | 7 |
INSEAD | Global Executive MBA | France | 8 |
Berkeley (Haas) | Executive MBA | United States | 9 |
Cambridge (Judge) | Executive MBA | United Kingdom | 10 |
Admissions Requirements to Study Executive MBA Abroad
The following are the basic admission requirements to get into one of the best executive MBAs in the world:
- Candidates are supposed to give a GMAT or a GRE to get into universities abroad.
- Applicants must provide proof of English language proficiency through an IELTS or TOEFL test to get into the top executive MBA programs in the world.
- Moreover, in cases of MBA and Executive MBA courses, universities look positively over candidates with at least three years of work experience.
- To pursue an EMBA course abroad, the applicants are expected to have a bachelor's degree as a requirement.
- Any other requirements would vary based on the specific universities.
Job Opportunities After Executive MBA
Given below are some job profiles and their annual average salaries for individuals studying in the top executive MBA programs in the world:
Job Profile | Average Annual Salary (in US Dollars)* |
Marketing Manager | $73,461 |
Sales Manager | $72,379 |
Finance Manager | $1,03,512 |
Digital Marketing Manager | $1,30,394 |
Operations Manager | $70,789 |
Production Manager | $114663 |
Human Resources Manager | $84,168 |
Conclusion
Lastly, if you are someone who considers communication, professionalism, leadership, and networking skills as your top attributes as an individual, an Executive MBA program is a perfect option for you.
About 15% of Indians between the ages of 20 and 34 hold a master's degree in GME (graduate management education). So how can you stand out among your competitors? A degree in the best executive MBA programs in the world is the way to go! So what are you waiting for? Start applying now to have a great future with blooming opportunities.
Frequently Asked Questions
What is the difference between MBA courses and Executive MBA?
The major difference between an MBA and an EMBA course is that full-time students take an MBA, whereas working professionals apply for EMBA courses. The differences are also in aspects like the attendance compulsion, the hours of schooling, and the cost of education.
Why should I do EMBA abroad?
Apart from the several opportunities offered by the universities abroad, a few main reasons students apply for an EMBA abroad are the high job demand, better networking opportunities, and more expansive teaching methods.
What are the top five universities with the best executive MBA programs in the world?
The top 5 universities for executive MBA are:
- IESE Business School
- Hec Paris
- Penn (Wharton)
- MIT (Sloan)
- Oxford (Said)
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