Weighing an EMBA's Pros and Cons
When seeking an edge in a competitive job market, many workers turn to the EMBA, or executive MBA program, as a way to get ahead. But is this strategy always a smart move? A Feb. 20, 2012 article for Crain's Chicago Business tackles that complicated question, weighing the pros and cons of pursuing an executive MBA degree.
The usefulness of an executive education program can vary widely based on a number of factors, including whether or not you are employed, the article indicates. For those who are currently employed and want to make a career change or be considered for a promotion, executive education -- whether it's a course in finance or marketing, or an EMBA -- may be a great way to show your commitment and strengthen your skill set. For the unemployed, however, an EMBA may not pay off quickly enough to justify the expense, the article states.
Cost is a considerable factor when deciding whether or not to pursue an EMBA, as the article reports that the percentage of EMBAs paid for by employers dropped from 34 percent to 27 percent from 2007 to 2011. With employers less willing to foot the bill for this type of program, potential EMBAs have to give real consideration to their needs and the potential outcomes of pursuing this degree.
Ultimately, there is no guarantee that an EMBA or executive education program will afford you a better job or higher paycheck, says the article. There is always a risk involved. However, according to Michael Desiderio, executive director of the executive MBA Council, "if you're at the right place in your career, an executive MBA is the right choice, whether you're recently unemployed or gainfully employed."