EMBA Vs MBA In Germany
The business schools in Germany offer a myriad of accredited MBA (Master of Business Administration) and EMBA (Executive Master of Business Administration) programs. Though both the programs hold equal value and standing, but there are a few differences too. What sets MBA and EMBA apart from each other is their requirements, purpose, curriculum, fees, networking and several other factors. The MBA, as well as EMBA in Germany, offers different experiences. Here we highlight the differences difference between MBA and Executive MBA in Germany.
Executive MBA vs MBA: The Difference
EMBA Vs MBA: Target Group
An EMBA in Germany, as the name suggests, caters to executives and business professionals with extensive work experience (generally in the range of 7 to 15 years) and prepares them for top management positions by developing their leadership and management skills.
An MBA in Germany caters to young professionals with at least 2 years of work experience and prepares them for entry and mid- level management positions. An MBA gives an opportunity to people with less work exposure to step up in an organization by taking new positions.
EMBA Vs MBA: Admission Requirements
To gain admittance into an EMBA program in Germany, candidate must possess a first academic degree or equivalent; fluent English skills (TOEFL/IELTS or equivalent), at least one letter of recommendation from the employer, strong GRE/GMAT score or B-school specific admission test score, and at least 7-12 years of professional experiences. A business test, interview, and group discussions are also a part of the EMBA admissions in Germany.
To gain admittance into an MBA program in Germany, candidate must possess a Bachelors degree or its equivalent, at least 2 years of work experience, two letters of recommendation, A CV, GMAT score (a minimum of 600), a TOEFL iBT score of minimum 90 or IELTS score of 6.5 (if English was not the primary language of instruction). Case study, interview, and group discussion are also a part of the MBA admission process.
EMBA Vs MBA: Fees and Sponsorship
The fee for MBA is on ‘you’ entirely. It is a self-funded program, though a range of scholarships is available to full-time MBA candidates. These scholarships are provided by the business schools and private organizations.
The fee for EMBA in Germany, on the other hand, is paid by the employer. If not all, at least the tuition fee is covered by the employer to retain its employee. One of the major advantages the EMBA students have is that they can earn full-time while studying, with no worries of tuition fees and other related cost associated with EMBA studies in Germany. As the EMBA in Germany is employer sponsored, it is comparatively less daunting financially than MBA in Germany. Also, partial scholarships are available to outstanding applicants.
EMBA Vs MBA: Program Length
The program length of an EMBA, on the other hand, is generally 18 months. The mode of study in EMBA is flexible. Classes are held as per the schedule and work pattern of the working professionals. However, about 75-80 days of attendance is mandatory.
The program length of an MBA in Germany ranges from 12 to 24 months and is held full-time on campus or part-time that requires at least 75-80 days of attendance.
EMBA Vs MBA: Curriculum
The basic content for MBA as well as EMBA is almost the same, the difference lies in the delivery and approach to learning.
An EMBA in Germany, on the other hand, has an advanced curriculum. The curriculum is tailored as per the needs of the professionals and executives and comprises of general management subjects along with strategic leadership, soft skills, intercultural skills, team management, and other industry-oriented topics. Regular classroom teaching holds no relevance in EMBA as basic concepts and terminologies are already known to all because of many years of work experience they possess. Expert discussions, case-driven, and research-based pedagogy are followed in EMBA programs in Germany. The focus of the EMBA in Germany is on the practical aspect instead of the theoretical concepts.
An MBA in Germany has an intensive schedule with core business basic curriculum and specialization classes. A traditional classroom teaching approach is followed. A regular MBA comprises of core courses like marketing, financial accounting, corporate finance, strategic management, operations management, macroeconomics, etc. and elective courses that deepens the knowledge in a specific area of interest.
EMBA Vs MBA: Employment Rate
An EMBA in Germany allows professionals to climb up the corporate ladder and move into a higher leadership or management role. It also allows them to shift their career path or even start out their own venture with the leadership and management lessons learned at the EMBA program in Germany.
The employment rate of a regular MBA in Germany is more than 90%. Needless to say that it is one of the best ROI course among management programs. Employment in all kinds of industries is available, including technology, media, consulting, financial services, e-commerce, healthcare, manufacturing and real estate. WHU Otto Beisheim School of Management, for example, has an average MBA salary of $99,000 and Mannheim Business School offers an average salary of $113,000 to MBA graduates with about 90 percent job acceptance rate within 3 months.
EMBA Vs MBA: Class Profile
In the EMBA program in Germany, most students are in the age range between 28-40 years old. Also, these students possess an extensive work experience across different industries (generally 7 – 10 years professional experience).
In the MBA classroom, the average age of student is 28 and the average work experience ranges from 2 to 5 years.
EMBA Vs MBA: Clarity about Career
The students in the EMBA program, on the other hand, have clarity about the industry, role or domain they want. They know in which direction to drive their career path. Some are actively looking to secure a management position in the current company, to get a new job or to change career. The motivation for doing an EMBA in Germany is varied.
The students in the MBA program aim towards securing a job during the placement process, regardless of the industry, role or function. Their attention is firmly on securing a job after graduation.
EMBA Vs MBA: Networking
An EMBA in Germany, on the other hand, buzzes with professionals with an average experience of 7-10 years. It provides an opportunity to connect, learn and build networks with talented professionals from different career levels, profiles, functions, and industries in Germany and abroad. Also, the guest lectures are from different sectors and corporate lineage, thus developing a network, which will aid in the professional as well as the personal growth of an EMBA student.
An MBA in Germany provides an immersive experience. Students have an opportunity to interact with fellow students from different nationalities. Also, there is a great scope to engage in non-academic activities like cultural events, sports activities, inter B-school competitions, and other extracurricular activities that provide an opportunity to meet and interact with other students and develop network base.
EMBA Vs MBA: Lifestyle
While on the other hand, EMBA in Germany provides an opportunity to continue working while studying. It is not necessary to relocate to the place where the b-school is, instead some modules can be completed online or at other campuses around the world. There is more flexibility and less impact on the lifestyle. However, they have to balance the professional aspirations, studies and personal life and the EMBA students can balance these as they have the focus, commitment and maturity to do so.
An MBA in Germany requires the students to study full-time, which demands a huge commitment that in turn results in a change in lifestyle. You need to relocate to the place where the B-school is, far away from home.