For many professionals aspiring to advance their careers or get a better salary, pursuing a Master of Business Administration degree (MBA) has become a preferred path. Many people pursue an MBA to improve earning potential, with many business professionals earning more than USD100,000 annually.
However, with various MBA programmes available, it's important to understand their differences to make an informed decision.
MBA programmes that are often pursued by students who want a more flexible schedule include Executive MBA and Online MBA programmes. Just like traditional MBA programmes, both are designed to help professionals advance their careers. However, there are some key differences that potential students should consider before making a decision.
Definition and Features
An Executive MBA is a part-time MBA programme designed for experienced business professionals, with the average age of students being 38 years old. Executive MBA programmes are specifically designed for corporate executives and senior managers.
Executive MBAs offer immersive experiences, fostering peer-to-peer learning and networking. They are offered as part-time programmes, allowing students to continue working while studying, and are usually delivered through weekend or evening classes.
An Online MBA is a part-time MBA programme that is delivered entirely online. It is designed for working professionals and is typically more flexible than Executive MBA programmes. Students are able to complete the programme at their own pace, creating a balance between work, study, and personal commitments.
This programme caters to a broader range of professional experiences and ages, making it suitable for both early-career professionals and seasoned business individuals. Online MBA programmes are also typically more affordable.
Comparing Executive MBA and Online MBA
Factors to Consider When Choosing Between Executive MBA and Online MBA
- Time commitment and personal flexibility: Assess your current professional and personal commitments. Online MBAs offer greater flexibility, whereas Executive MBAs require a more consistent time commitment.
- Total cost: Whether financial or time cost, you must consider the option that you can fully commit to. Online MBAs tend to be the better option when it comes to overall savings.
- Professional goals and career aspirations: Consider where you see yourself in the future. If you aim for senior management positions, an Executive MBA might be more beneficial. For a broader range of opportunities, an Online MBA is more suitable.
- Networking opportunities: Both types of MBA programmes offer substantial networking opportunities with business professionals and peers. Executive MBA programmes may consist of a more mature age group, while Online MBA programmes tend to have a more diverse range of ages among students.
Choosing the Best Programme For You
While both of these options offer flexible scheduling, Online MBA programmes are best suited to those who are seeking flexibility in terms of schedule and in-person attendance, as well as affordability.
The accessibility of an Online MBA programme means it is a great option for students at different stages of their career, including those with less experience, and it is a versatile programme for various types of personal and career goals.
Applying for Online MBA
Having an Online MBA can create more opportunities, grow your career, and increase your prospects. You can learn valuable knowledge and skills to accelerate your career trajectory, while still focusing on work and honouring family, personal, and other obligations.
The Master of Business Administration programme offered by Sunway University Online is globally recognised and accredited by the Association to Advance Collegiate Schools of Business (AACSB) and the Chartered Management Institute (CMI). Conducted 100% online, the programme focuses on future-proofing your skills and knowledge in a rapidly evolving world of work.