EMBA Programs Drop Entrance Exam Requirement for Admission

New York University’s Stern School of Business will no longer require students applying to its Executive MBA (EMBA) program to submit GMAT or GRE test scores as part of its admissions process, the Financial Times reported earlier this month. Stern has already been in the habit of waiving the exam for many of its EMBA applicants, the FT adds.  » Continue reading

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Georgetown’s McDonough School of Business, ESADE Expand Partnership

Spain’s ESADE Business School and Georgetown University’s McDonough School of Business have extended an existing alliance to provide for faculty research, student exchange and new academic programs at both schools, the schools announced last week.

The planned new initiatives build on a partnership established between the schools as part of the Georgetown-ESADE Global Executive MBA, which has been in place for three years.   » Continue reading

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Johns Hopkins’ Carey School of Business to Launch EMBA in May

The Carey School of Business at Johns Hopkins University, which launched its full-time MBA in 2010, will roll out an executive MBA program in May 2011, the Financial Times reports.

According to the FT report, the new Carey EMBA will draw on the expertise of other Hopkins departments, such as medicine and public health, much as the full-time program does. The EMBA will also target a more eclectic student body that other more traditional EMBA programs.  » Continue reading

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Financial Times Releases 2010 Global EMBA Rankings

Collaborative programs between business schools spanning the globe reigned supreme in this year’s Financial Times’ rankings of top Executive MBA (EMBA) programs, released today.

The Kellogg/Hong Kong University of Science and Technology Business School (Kellogg-HKUST) program held the top spot in the rankings for the second year in a row. Following at number two, up a spot from last year, was the Columbia/London Business School program. And coming in at number three, slipping a spot from last year, was the Trium: HEC Paris/London School of Economics/New York University Stern EMBA program. EMBA programs at INSEAD and the University of Chicago Booth School of Business rounded out the top five.  » Continue reading

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Columbia Business School Launches New Saturday EMBA Program

Beginning in May 2011, Columbia Business School will add a new executive MBA (EMBA) program to its offerings, one that meets on Saturdays and requires that participants spend almost no time away from the office, the Wall Street Journal reports.

The new program will be unlike typical EMBA programs, which are held every other Friday and Saturday and require significant time away from work. CBS hopes it will help draw a greater range of students, including professionals from industries in which taking time off from work to obtain the degree would have a negative impact, such as private equity, hedge funds and trading, the Journal reports.  » Continue reading

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Wharton School Tops Wall Street Journal’s 2010 EMBA Rankings

The Wall Street Journal this week released its 2010 Executive MBA Rankings, with the Wharton School at the University of Pennsylvania snagging the number one spot, up from number two in 2008. Rounding out the top five this year were, in decreasing order, Washington University’s Olin School, Thunderbird School of Global Management, the University of Southern California’s Marshall School of Business and Northwestern University’s Kellogg School of Management.

To compile its rankings, the Journal surveyed thousands of alumni and corporations about the quality of EMBA programs and how well they improve candidates’ management and leadership skills. According to the Journal’s own analysis, Wharton came out on top because it met the needs of both students and corporations well, providing more than 30 electives, classes in Philadelphia and San Francisco and additional career services personnel.  » Continue reading

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UCLA Anderson School of Management Partners with Chilean University to Offer Global EMBA

Joining the growing trend of leading business schools launching global executive MBA (EMBA) programs, UCLA Anderson School of Management will partner with a Chilean institution to establish its own dual-degree executive program, the Financial Times reported yesterday.

Joining forces with the Universidad Adolfo Ibáñez, Escuela de Negocios (UAI) in Chile, UCLA Anderson will now offer the UCLA-UAI Global Executive MBA program, which will feature modules taught in Miami; Los Angeles; Santiago, Chile; and Sao Paulo, Brazil. Participants in the program will be taught in English and will receive a degree from both institutions. The first module will start in April 2011 at the UAI Miami campus, and the 15-month program will include experiential learning and company visits, according to the FT.  » Continue reading

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MIT Sloan Launches New Executive MBA Program

Earlier this week, MIT Sloan School of Management announced the launch of a new Executive MBA (EMBA) program to complement its full-time MBA degree and its mid-career executive fellows program.

The new MBA for Executives Program is a 20-month part-time course of study designed for experienced executives looking to expand their management capabilities. The program’s first session will begin in October 2010, and the application deadline for this first cohort of students is August 15, 2010.

“We are excited to offer this new format for exceptional employees who are further along in their careers and seeking a higher level of management education,” MIT Sloan Dean David Schmittlein said in a statement announcing the program’s launch. “Students in the MBA for Executives Program will gain a competitive edge through MIT Sloan’s deep expertise in global leadership, innovation, and the science of management, while building a diverse business network that facilitates cross-industry learning,” he continued.

Approximately 60 rising executives from a range of industries will be accepted as part of this inaugural class. The program will consist of four eight-day, on-campus learning modules and 26 weekend sessions, which MIT Sloan hopes will foster collaboration and strong bonds between classmates.

Between program sessions, participants will apply the concepts they are studying as part of individual and team-based projects. They will also complete a week-long action learning course called Global Organizations Lab (GO-Lab), during which they will collaborate as part of a team-based consulting project with an international organization.

EMBA courses will be taught by MIT Sloan faculty members and researchers, including professors who teach in the MIT Sloan Executive Education and MIT Sloan Fellows Program for Innovation and Global Leadership. Participants in the new EMBA program will also have opportunities to network and socialize with students in the Fellows Program.

MIT Sloan views the new EMBA program as an important complement to its mid-career, one-year Fellows Program. “This newest offering provides firms an option to sponsor employees in earning their MBA from MIT Sloan without interrupting their careers, Donald Lessard, faculty director of the Sloan Fellows and Executive MBA Programs, said in a statement. “The program design will provide students with an extraordinary platform for growth by learning because they are working,” he added.

To learn more about the new MIT Sloan MBA for Executives Program, click here.

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MBA Mom to Graduate with Daughter at Yale This Spring

Mother and daughter will both wear caps and gowns later this week at Yale University’s 2010 Commencement. As daughter Charlotte Goins graduates from Yale’s Davenport College, her mom, Dr. Catherine Everett, will graduate from the Yale School of Management (SOM) with an executive MBA.

Everett, a radiologist and managing partner of Coastal Radiology Associates in the family’s native North Carolina, learned about SOM’s Leadership in Healthcare program – an MBA program for professionals in the healthcare industry – because her daughter was studying at Yale.  “I was going through the Yale website and I saw it,” she said. “I didn’t come here because she was here, but it certainly was nice.”

For the past two years, Everett has flown from hometown New Bern, NC, to New Haven every other weekend to attend classes for SOM’s MBA for Executives program while continuing to work at her practice during the week. The weekend trips also afforded her the opportunity to attend Charlotte’s field hockey games.

Everett, who decided to wait until Charlotte and her four siblings had all finished high school before returning to get her MBA, saw pursuing the degree as a way to keep pace with the evolving medical field.

“Medicine has changed tremendously since I’ve been in practice,” she says. “It used to be that you go practice medicine, you get your money, and you go home. Now it’s really a business and a lot of the decisions you make have to be in a business framework,” she continued.

Everett explains that the experience has already helped her in her work. “We’ve done several things in the practice in the last six to eight months that we never would have gotten to if I hadn’t come here,” she says.

The additional credential also will allow her to work in the national arena of radiology with the American College of Radiology, where she hopes to focus on the operations side of radiology. Of particular interest is helping to expand efforts to introduce more structured reporting and a universal system and nomenclature for radiologists, surgeons and pathologists to use around the world, she says.

Goins, for her part, will graduate from Yale University’s Davenport College with a degree in American Studies. In her studies, she has focused on American film, and she hopes upon graduation to pursue a career in screenwriting.

As to what it was like to share Yale’s campus with her mom, Goins says she was excited to do so. And it was great to get to see her mom at Yale, she added. “She got to go to an Ivy, which she couldn’t before because she wasn’t allowed.”

When Everett graduated from high school in 1968, Yale hadn’t started accepting women. They started the year after she graduated. “It was fun to be able to do this,” Everett says. 

Are you a mom thinking of heading back for your MBA? Click here to learn more about Yale SOM’s executive MBA programs.

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Volcanic Ash Disrupts Attendance at European EMBA Programs

Business schools throughout Europe have felt the impact of Iceland’s Eyjafjallajökull volcano eruption as its ash has interrupted the flight plans of students travelling to and from executive MBA (EMBA) programs from France to Switzerland to the United Kingdom, the Financial Times reports.

Last week, France’s INSEAD had to cancel two short enrollment programs because not enough participants were able to make it, according to the FT report. “The worst thing for us is students that don’t show up,” INSEAD Dean Miklos Sarvary told the paper with an eye on his bottom line. But because most of those managers will participate in a future version of the program, Sarvary believes the school’s revenues will only be affected in the short term.

Ash from the Icelandic volcano also prevented international participants from reaching EMBA programs at IMD in Switzerland, according to the FT report. About 10 percent of students – most from Japan and the U.K. – failed to make it for last week’s programs, IMD Dean of External Relations Sean Meeham told the FT. Most have signed up for a later program, though, Meeham added.

Other business schools, such as the U.K.’s Ashridge, also reported decreased student numbers as well as “misplaced” faculty – professors who were stuck in one place when they were needed in another. “I have faculty in Dubai, Geneva, Istanbul . . .,” Kai Peters, Ashridge chief executive, told the FT. “I have a customized program beginning in Brazil, but the faculty can’t get there, and open enrollment programs are running in the U.K. but the students can’t get here,” he said. Student numbers at the school were down 30 percent last week and 10 percent for the month, he continued.

In Spain, where airports mostly remained open, business schools were less affected, the FT reported. IESE in Barcelona did not cancel any programs, although a customized program for Banco Santander was missing participants from the U.K. who couldn’t get there.

U.S. business schools also have faced fewer problems. At Harvard Business School, faculty was unaffected and only a small number of executive students failed to make it for EMBA programs. Likewise at the University of Pennsylvania’s Wharton School in Philadelphia, EMBA programs continued as scheduled, with about a dozen students unable to make it. Wharton did, though, postpone three week-long custom programs in Europe because of the air traffic restrictions, Jason Wingard, vice dean for executive education, told the FT.  

For more on this story, click here.

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Brown University, IE to Launch New Executive MBA Program

Brown University and Spain’s Instituto de Empresa (IE) announced Monday that they will partner to launch a new Executive MBA (EMBA) program in the spring of 2011. The 15-month course, aimed at business people with 10 or more years of work experience, will include online lessons as well as classes at the campuses of both schools.

“This executive MBA program draws on the distinct expertise of both IE and Brown to address, in a new and unique way, the key issues faced by senior managers in the 21st century – from economic uncertainty and rapidly changing business models to the rise of emerging markets and increased globalization,” Santiago Iniguez, dean of IE Business School, said in a statement.

More specifically, the program will incorporate IE’s business management education with Brown’s offerings in the humanities and the social, biological and physical sciences, according to a release issued jointly by the schools. Graduates of the program will receive a degree from IE. The schools expect to accept 35 EMBA candidates in the first year, and tuition for the complete program will be $95,000.

Brown, though it does offer a business economics concentration and a master’s degree in innovation management and entrepreneurship, is one of only two Ivy League schools that does not have a business school, the other being Princeton. It will deliver the “liberal arts and critical studies” component of the program, which will use history, philosophy, legal studies and psychology “to uncover the underpinnings of society – from the dialogue between religion and secularization to capitalism and its hidden economies,” the joint news release said.

In addition to completing an online component, EMBA candidates will attend four courses on Brown’s Providence, Rhode Island campus and one at IE’s Madrid campus, each of which will be one or two weeks in duration.

“This relationship is an opportunity to focus on innovative approaches to management,” Brown President David Kertzer said in a statement. “By linking traditional analytical skills with humanist and scientific learning, IE Business School and Brown aim to pursue interdisciplinary research across a broad range of fields relating to organizational, economic and social dynamics, and develop new pedagogic avenues in the fields of innovation, creativity and entrepreneurship.”

Both schools have said they will explore other ways of partnering in the future, including through research, shared faculty and student exchanges.

To learn more, click here.

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EMBA Graduates Pleased with Degree’s Career Impact, Survey Finds

The vast majority of executive MBA (EMBA) graduates report that the impact their programs had on both their careers and their organizations met or exceeded their expectations, the Financial Times reports.

Citing a recent survey from the California-based EMBA Council, the FT reported that an astounding 97 percent of EMBA graduates were satisfied or more than satisfied with the career impact of their degree programs. Indeed, almost a third of survey respondents (32 percent) were promoted and 44 percent received additional job responsibilities during the course of their programs.

The EMBA Council’s 2009 Student Exit Benchmarking Survey drew on the responses of almost 3,500 graduates from more than 100 EMBA programs. According to the survey results, average salaries for working managers grew 9 percent upon completion of an EMBA program, from $125,029 to $136,722.

These gains, however, were lower than figures reported in 2008, when graduating EMBA graduates said they saw a 17 percent salary increase, on average, upon completion of their degrees.

Still, this year’s gains are still very positive, according to Michael Desiderio, executive director of the EMBA Council. “Raises and payback periods fluctuate with the economy,” Desiderio told the FT. “The Executive MBA is a long-term investment, and our member programs are committed to providing an outstanding experience that will have long-term impact on students’ careers,” he added.

For more about the EMBA Council’s Student Exit Benchmark Study, click here.

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Wharton Executive MBA Deadline Extended

Today, in a post on the Wharton Executive MBA blog, the admissions committee announced that those interested in the EMBA program could contact them to discuss an application extension.  While the original deadline for both the Philadelphia and San Francisco programs was this past Monday, February 1, the school is open to accommodating later submissions.

For those who did meet Wharton’s deadline, the staff is busy processing applications, ensuring each piece is present.  The admissions committee also noted that applicants have until March 1 to take or retake the GMAT.  Plus, interview slots are filling quickly, so contact them as soon as possible to secure a spot; West Coast applicants have until March 10th to complete interviews and East Coast applicants have until March 17. San Francisco program admissions decisions will be made by March 26 and Philadelphia decisions no later than April 9.

If you’re interested in applying to an Executive MBA program, send your CV to Clear Admit at info@clearadmit.com to discuss our consulting and counseling services.

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Global EMBA Programs Top Financial Times 2009 Rankings

Executive MBA (EMBA) programs have had trouble attracting as many students this year as they did last, with the exception of programs that feature classes taught across multiple continents. This according to data collected for the Financial Times’ 2009 EMBA ranking, released October 19th.

Among schools surveyed by the FT, overall enrollment in EMBA programs has dropped 9 percent – and it is believed to have dropped even more among lower-ranked schools. But multi-continent EMBA programs are proving the exception. They are the only programs to have increased enrollment this year, the FT reports.

Unlike regular MBA enrollment, which is often counter-cyclical to the economy, EMBA enrollment generally drops when times get tough, especially as corporate sponsorship dries up. But multi-continent programs are bucking the trend this year, and topping the FT rankings.

Each of this year’s top four programs is taught on at least two continents. They include partnerships between Kellogg and Hong Kong UST Business School (No. 1); HEC Paris, London School of Economics and NYU Stern (No.2); Columbia and London Business School (No. 3); and a program at the University of Chicago Booth School of Business taught in the United States, the United Kingdom and Singapore (No. 4).

Even with a price tag of more than $100,000, these and other multi-continent programs are still attracting students, including many who opt to sponsor themselves. According to Vince Frillici, a Washington, DC-based political lobbyist, his decision to pursue an EMBA now through the OneMBA program at the University of North Carolina’s Kenan-Flagler school is already paying dividends. ““I feel it is adding value for my clients already,” he told the FT.
 
Taught at five schools in Brazil, China, Mexico, the Netherlands and the United States, Kenan-Flagler’s OneMBA was particularly attractive to Frillici precisely because of its global scope. “It’s a cliché, but the whole world is like a global village,” he told the FT.

A change in format for part-time EMBAs has helped support the growth of multi-continent programs. In place of the evening and weekend format of years past, EMBAs now often feature a modular structure in which students study in one-week blocks.  “We find that people will fly one hour for each day [of the module],” dean of EMBA programs at INSEAD, told the FT.

To read the full FT Global EMBA special report article, click here. To view the interactive 2009 EMBA rankings, click here.

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