You may know that the University of Utah David Eccles School of Business Executive MBA program is ranked among the best in the world, but do you know why? We’d like to dive into five things you may not know about the EMBA program — details that can be critical in helping you decide whether our program is right for you.
1. EMBA students are the most experienced ones at the school, and that experience acts as a ‘substitute’ for the GMAT.
The average EMBA student is 38 years old, with 14 years of professional work experience. About a quarter of each cohort holds prior graduate degrees in medicine, law, engineering and more. In this year’s cohort, our students fulfill leadership and decision-making roles at more than 50 different companies.
For a seasoned potential EMBA, there’s no test that can succinctly quantify all of the wisdom that’s been acquired over more than a decade of work experience. We’re more interested in assessing the quality of your undergraduate coursework, work experience, professional certifications and more, in lieu of requiring the GMAT or GRE.
2. EMBA students earn an additional $2.2 million in earnings over their lifetime by pursuing their MBA.
An MBA is an investment in yourself, and it should be viewed through the same lens as any other investment decision. A powerful way to determine the value of an investment is through calculating its net present value (NPV). The NPV of an investment takes all of the positive and negative cash flow generated from an action — in this case, matriculating into the Executive MBA program — and sums them in inflation/interest-adjusted current terms.
The results of performing an NPV analysis on pursuing Utah’s EMBA program are astonishing — those who complete the EMBA program are projected to earn an additional $2.2 million. When examining the ROI on an MBA, it’s wise to not only take into account the cost of tuition and the length of the payback period, but also to calculate the long-run cash flows involved.
3. We are among the few EMBA programs that offer merit-based scholarships.
We award scholarships each year based on excellence in academic and professional pursuits. Admissions applications are being accepted for Fall 2017, and scholarships are still available. Learn more about scholarship criteria and application or contact our office directly for details on how to be considered.
4. Students participate in three immersive experiences during the program — the costs for which are included in program tuition and fees.
The EMBA program focuses on high-level business and leadership skills with a global focus, and it includes three trips during the course of the program.
Students begin their EMBA experience with an Intensive Week where they connect with classmates for the first time while earning course credit. The second year of coursework begins with another Intensive Week — this time in an international setting. And finally, the program capstones with a 7- to 10-day International Field Study in two foreign countries right before graduation. Previous Executive MBA classes have visited Argentina, Chile, China, the Czech Republic, Germany, Italy, Japan and Switzerland.
5. The program’s format changed three years ago — Class is now from 8 a.m. to 5 p.m. on Friday and Saturday every other week for 21 months.
The EMBA program used to meet every weekend on alternating Fridays and Saturdays until we made a calculated change to the format in 2014. Beginning with that fall’s cohort, classes started meeting every other weekend.
This change has provided our students with greater work-life-classroom balance, allowed more time between classes for in-depth projects and workplace application, and made it easier for qualified executives from outside the state to participate in the program.
Ready to learn even more? We recommend taking the following steps:
- Download our latest EMBA program brochure here.
- Attend the next EMBA admissions event. We host Information Sessions, Class Visits, and more each month. Take a look at upcoming dates.
- Learn about admissions requirements and start an online application.
- Contact the EMBA office for one-on-one advising that is catered to your specific circumstance. Our staff are eager to hear from you at 801-581-5577 or EMBA@Utah.edu.