Is an EMBA or PTMBA Right for You?

Part Time or Full Time MBAMany candidates struggle with deciding on which MBA format is a better fit for their career development needs. This decision can become even more complicated when factoring in choosing between part-time learning options like an Executive MBA (EMBA) program or a Part-Time MBA (PTMBA) program.

Both of these will allow you to simultaneously continue your professional career while pursuing your MBA, however, these programs generally attract different types of students and offer somewhat different benefits than traditional MBAs.

Work Experience
The “E” in EMBA says it all – applicants to this program are typically more senior in their organization and with more lengthy work experience than their full-time and part-time MBA counterparts, so in general, there is a significant age and experience difference between the three program types. Coupled with the seniority EMBA classmates and the quality of the interactions, this makes EMBA programs a big draw for many older applicants.

Cost
The cost of an EMBA can be significantly less expensive than a PTMBA. Part of this stems from the fact that most applicants will have the tab picked up by their employer. Now this is common as well for many PTMBA students but more common for EMBAs. The reduced price tag can be a big draw for those paying out of pocket for their MBA.

Resources
Schools pull out all the stops to support EMBA programs, which makes sense given the hefty price tag. These programs will offer the best professors, learning spaces, dining halls, and materials. Which is contrary to the PTMBA program which generally offers similar resources as their FT counter parts.

Network
The network you will build in an executive program also will be different. With part time programs the student community is fairly transient given the students are splitting their time between work and school. The residential component of the EMBA program allows students to be more realistic about dedicating their efforts to the program for the days they are on campus. This better allows students to bond and get to know their fellow classmates given this additional time for greater interaction. Also, this network is obviously of people who are very senior in their organization, which makes for great collaborative opportunities outside of the classroom.

As always research is the key so go beyond secondary research and connect with current students and admission officers to get a feel for what program best addresses your development needs.

Applying to business school? Call us at 1-800-925-7737 and speak with an MBA admissions expert today, or take our free MBA Admissions Profile Evaluation for personalized advice for your unique application situation! As always, be sure to find us on Facebook, YouTube, Google+ and Twitter.

Dozie A. is a Veritas Prep Head Consultant for the Kellogg School of Management at Northwestern University. His specialties include consulting, marketing, and low GPA/GMAT applicants. You can find more of his articles here.

The GMAC Executive Assessment: Part 2

GMAT Select Section Order PilotIn our first post, we broke down the new GMAC® Executive Assessment which provides EMBA candidates with an alternative testing option to the GMAT. While on paper, the exam might resemble a “mini-GMAT,” a deeper dive reveals an assessment with GMAT roots, but a distinct personality of its own.

 
More Business Focus
A look at sample questions from the website suggests that the EA pulls from item pools that are similar, if not identical, to the GMAT. In fact, some questions seem to have more of a “business” feel compared to your traditional GMAT question. (The GMAT has long been touted as an exam that doesn’t reward or punish lack of a traditional business background, as it aims to test critical reasoning and higher order thinking skills that are industry-agnostic.)

This may be a coincidence, but one can’t ignore the fact that most EMBA candidates have significant work experience (10+ years typically) and most likely a stronger sense of business in general compared to their 24-year-old counterparts looking at full-time programs. Regardless, any leaning towards business (whether intentional or not) would likely be attractive to more EMBA candidates.

Integrated Reasoning Grows in Prominence
One other interesting aspect of the EA is the increased proportion of Integrated Reasoning (IR) questions. IR makes up exactly one-third of this assessment and is incorporated into the candidate’s total score. Conversely, IR is a small portion (30 minutes) of the GMAT exam. The GMAT quantitative and verbal sections are each 75 minutes in length, and the GMAT total score represents a combination of the quantitative and verbal sub-scores. GMAT IR scores are reported separately from the total score.

While GMAC has published survey research on the “relevance” of skills tested on IR, the deeper integration of IR into the EA assessment and total score seems to further support the notion that the skills tested are truly relevant and strong indicators of success in a graduate business program. And perhaps these skills are even more important at the EMBA level.

Pilot Program for Now
The Executive Assessment (EA) is currently in a Beta phase that will last at least 18 months (or a full admissions cycle and academic year) to allow for validity studies to be conducted. GMAC has long been committed to developing assessment products that are not only relevant, but valid predictors of success in a graduate management program. The six pilot programs were selected because they were willing to commit the necessary time, energy and resources to see this phase through.

The EA targets a different demographic than the GMAT (older, significant work experience, further removed from the undergrad experience) and the test doesn’t leverage computer-adaptive testing in the way that the current GMAT does. Thus, norms for this assessment will differ, further underscoring the importance of measuring exam outcomes against academic performance in an EMBA program.  At this time, there are no plans to add additional programs until after the Beta phase is complete.

Only “Modest Preparation” Required
One of the biggest differences between the EA and GMAT is the amount of preparation that GMAC is advocating for it. It’s no secret that candidates need to prepare for the GMAT, and GMAC survey research indicates that the average candidate spends between 60 and 90 days preparing for the GMAT.  However, the EA recognizes that candidates are less likely to have the bandwidth for preparation that traditional GMAT candidates might have.  The EA will help schools to differentiate competencies that are a little “rusty” versus those that are “ready” and enable them to prescribe pre-work to ensure all candidates begin their EMBA programs on an even playing field.

That being said, candidates looking to distinguish themselves from other applicants can certainly benefit from preparation. Given the overlap with GMAT content, leveraging current GMAT materials to gain a better understanding of question types is a good starting point.  Pacing, as always, will be paramount, and additional time and focus on IR will be crucial given its more significant role in the exam (and total score).

If you’re interested in learning more about GMAT preparation and customized options for EA preparation, please visit our GMAT Website or attend one of our upcoming free online GMAT seminars. And, be sure to follow us on FacebookYouTubeGoogle+, and Twitter!

By Joanna Graham