MBAs have become a very hot topic as of late, with some questioning whether there is any real value in pursuing such a study programme. It is expensive and demanding and it has high entry requirements. However, employers are still aware of the positive impact an EMBA can have on their firm.
The immediate benefits for employers and colleagues rest not only in the applied hard skills an EMBA student acquires, but also in the confidence, attitude and new approach to work they will bring to the company. This in turn will allow for a move towards increased responsibilities in the workplace.
Furthermore, the structure of an EMBA allows workers to study without putting their career on hold.
But what is perhaps one of the most appealing aspects of such a programme is that instead of honing in on one skill, it will enable employees to gain strategic thinking skills and develop critical analysis. Being able to shape strategies effectively is an invaluable benefit an EMBA student can bestow on the company.
Furthermore, the skills they acquire in the classroom can be directly passed on to fellow colleagues.
“The first thing to remember is that the EMBA is not an inexpensive option for employers and they will need to be persuaded on the return in investment,” said Adrian Kinnersley, MD of Twenty. “One of the key things to realise is that an EMBA would normally give grounding in the key tools of business management and therefore cover areas such as finance, economics, human resources, marketing, IT and business strategy.
“So, if your company is looking to develop future leaders with a grounding in all aspects of management then it makes sense to invest in an EMBA rather than a myriad of different management courses which could ultimately end up costing more money. If you can find an MBA that is very specific to your industry then that’s another selling point.”
The networking opportunities they will encounter will also help you with future business activities. As they meet candidates from other companies, industries, regions and countries, it would enable you to acquire employees with new perspectives and contacts in the right industries could see new ideas flourish.
There is also no need to worry about employees seeking a career change upon completing the programme.
“Employers need to be reassured that sponsoring a key executive to pursue his/her EMBA is not giving them the door-opener they need to change companies,” said Claudia Jonczyk, associate professor of organisational behaviour at ESCP Europe. “The EMBA graduate’s objective is to rise and/or maintain strong footing within his/her own organisation.”
The MBA could also directly link to your business’s success given that EMBA students are required to pursue a project relevant to their workplace. Students can use their “Master Thesis” as a company project to solve major issues and challenges within the company, effectively becoming a consultant for their own organisation.
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