With its flexibility and adaptability, the Executive MBA stands poised to respond to the changing needs of today’s business leaders.
EMBA was born from a need to accelerate the development of business leaders and prepare them for greater leadership responsibilities, and that need continues today. Indeed, circumstances may make it even more critical today.
Business now spans the world – even local businesses now more than ever look to the global marketplace, and advances in technology open new opportunities. All these changes contribute to a desire to develop and bring to market new products, services, and ideas more quickly than ever.
There doesn’t ever seem to be enough time in the business world. On face value, these universal business trends may seem to make EMBA Programs less desirable to time-strapped and stressed managers and leaders. The reverse, though, is true: Spending their time in EMBA Programs proves well worth the time and financial investment.
The future is bright for Executive MBA education, thanks in large part to the flexibility and adaptability of EMBA Programs:
- EMBA Programs continue to show a return on investment for students, including rising salaries and increasing responsibilities. Research also shows that students remain satisfied with their education and are likely to recommend their EMBA Program.
- In recognition of the pressures on potential students, EMBA Programs continue to shape formats and take advantage of technological advancements – all to make it as convenient as possible for students to meet their work responsibilities while enhancing their education.
- EMBA Programs emphasize projects and initiatives that allow students to apply what they learn directly to their organization or business – connecting knowledge to results and further multiplying the return on investment.
- Increased focus on leadership development further helps EMBA Programs address the needs of business leaders who already come with considerable experience.
- Global EMBA Programs and EMBA Programs expose students to business throughout the world through trips, immersion projects, and in many other ways.
- EMBA Programs offer a network of unique and long-lasting value to business leaders – connections, advisers, and friends that continue to pay off after graduation – and one that is often difficult to find in any other setting.
Will EMBA Programs face challenges? Yes, they will, just like the students whom they serve. Challenges help pave the way for the kind of changes that help schools and programs serve business leaders and enhance business leadership.
EMBAC will continue to explore these issues and offer additional perspectives on EMBA trends.