Executive Master of Business Administration, or EMBA, programs provide graduate level business education for practicing executives. Read on to learn more about EMBA program requirements, and five programs in the Philadelphia area.
Executive MBA Program Description
The EMBA is typically designed as a business leadership degree for mid-career professionals. Program delivery takes place in a range of formats depending on the program, including concentrated weekend courses or hybrid online study. Core courses in the program focus on providing a foundation of business understanding, and then students can choose electives or concentration courses to best hone their executive skills in their area of focus. Here are some of the courses students can expect.
Effective managers and executives must be able to communicate clearly with a range of audiences. A communication course may enable students to develop skills in writing, speaking, and media. Students may be required to prepare a range of documents and presentations, and receive feedback from their instructor and other students on their skills.
Studying microeconomics can help business professionals understand decision-making within organizations and by consumers. A microeconomics course will review demand and supply, game theory, and competitive market equilibrium. The course may also look at how to apply theory to practical problems.
A corporate finance course may provide a general overview of a multitude of topics within this discipline. Specific topics may include cash flow techniques, capital budgeting, capital structure, and dividend policy. Students may gain practical experience through case studies or analysis of corporate financial documents.
A course on marketing strategy may help students begin to understand the decision-making behind corporate marketing decisions. Intelligence from the marketplace and strategies to act on such intelligence may be presented. Examples from the corporate world or a simulation may provide examples for analysis.
Mergers and Acquisitions
Mergers and acquisitions courses could explore how firms can grow through the strategies of mergers and acquisitions. Students may be provided with tools as to the process of mergers and acquisitions, including valuation and deal structure. In addition, issues of managing the merger process may be considered.
A course in entrepreneurship will help professionals to understand best practices in innovation and how to analyze a new business idea. The writing of a business plan and design of novel products, both within and outside of existing organizations, may be considered. How to launch and distinguish these novel products may be reviewed as well.
Executive MBA Programs in Philadelphia
Several universities in the Philadelphia area offer the opportunity to earn the executive MBA.
University of Pennsylvania
The Wharton School of Business at the University of Pennsylvania has an EMBA degree. The program is typically completed in two years of study through on-campus courses taken every other weekend. The program includes core courses, electives, and a mandatory week-long international program. Global modular courses are also available as well as a wide range of research centers, including ethics, family business, and retailing that offer the opportunity to be involved in research projects. Applicants should expect to provide GMAT or Executive Assessment scores, transcripts, and two recommendations. Four essays and an interview are also required. Your current employer must provide a sponsorship letter. On average, program participants have 11 years of work experience and a median GMAT score of 700.
At Drexel University, the EMBA is available through the LeBow College of Business. The program is delivered through on-campus residencies coupled with self-scheduled online sessions, and is typically completed in two years. The program culminates in an eight-day international course. Research centers include corporate governance and neuro-business. Applicants should submit resumes, transcripts, and personal essays and expect to have an interview. The progression of a candidate's career, as well as their current role, is an important consideration in admissions.
Penn State University
The Smeal College of Business of Penn State University offers the EMBA in Lafayette Hill, a Philadelphia suburb. The program is typically completed in 17 months, and involves weekend meetings every other week and two six-day residencies in University Park. Special opportunities include personal coaching regarding entrepreneurial ideas and an optional weeklong global intensive course. Certified executive coaches are provided to all students in the first year to aid in career development. Applicants should be prepared to complete a qualification survey and then provide a resume, transcripts, and essays. The average student has over 10 years of experience.
Students can earn an EMBA through Temple's Fox School of Business. The program is completed in 16 months, and requires in-person classes one weekend per month. Students can participate in optional experiences to promote business skills, enjoy guest speakers, and network with students in partner programs around the world through online workshops. Students can travel to global campuses located on five continents to complete up to two of their courses. Individualized career coaching is available with an executive coach. Prospective students should provide transcripts, a resume, two recommendations, an essay, and GMAT or GRE scores. Applicants have an average of over 10 years of work experience and five years in management.
Villanova University offers the opportunity to earn an EMBA two miles from campus. The program can be completed in 19 months of study. Students meet every third weekend for in-person classes, and can participate in Skype sessions or in-person meet-ups to work on projects between live courses. Family-themed special events offer spouses and children the opportunity to engage with the program as well. Prospective students should provide a transcript, resume, two recommendations and an essay. Interviews may be held.
Earning an EMBA can provide a pathway to high-level executive careers. Many opportunities to earn this degree are available in the Philadelphia region.