Best Online Executive MBA Programs

Experienced managers often turn to executive MBA programs to enhance their business acumen and leadership skills. Earning an executive MBA degree, or EMBA, prepares managers to navigate today's complex business environment. The curriculum emphasizes rigorous and specialized training, applied learning, and a global perspective.

Enrollees can continue their careers and apply for C-suite positions with an executive MBA degree. According to the Bureau of Labor Statistics (BLS), top executives earn an annual median salary of $107,680. The BLS projects jobs for these professionals to grow 4% between 2019 and 2029.

This guide provides an overview on executive MBA programs, coursework requirements, and job and salary information.

Why Get an Executive MBA Degree?

Business leaders who want to take their careers to the next level can pursue an executive MBA. Executive MBAs cover many of the same concepts as a traditional MBA but offer more scheduling flexibility. Enrollees typically complete the curriculum around their work schedules. However, some programs require students and faculty to meet for in-person residencies.

Executive MBA programs use a cohort format, allowing business executives to move through the program in lock-step. Students learn collaboratively and build a powerful network of peers from various industries. The best online EMBA programs provide intensive support such as professional mentorship from an industry expert.

The Executive MBA Council finds that students eventually recoup their financial investment. Graduates from the class of 2019-20 report a 14.1% increase in compensation during their executive MBA program, and 39% received a promotion while still pursuing their degree.

How Much Does an Executive MBA Degree Cost?

Students make a significant investment to earn an executive MBA degree. Program costs depend on factors such as school, location, and services provided. Some enrollees receive employer funding, while others fund the degree using loans, scholarships, and other financial aid.

Students may spend $400 to more than $1,000 per credit for an online executive MBA or professional MBA. Some programs charge all-inclusive tuition that may range from $36,000-$77,000. These packages typically include tuition, books, and other supplies. They may also include accommodation and meals during campus sessions. Some programs may require an international business trip.

Business executives without employer support can explore financial aid opportunities for graduate students.

How Much Do Executive MBA Majors Make?

Compensation for MBA graduates varies substantially depending on their position, industry, experience, and location. According to the BLS, top executives earn a median annual wage of $107,680. The lowest 10% of these professionals earn less than $62,780 per year while the top 10% earn more than $208,000.

General and operations managers earn an annual median salary of $100,930, according to the BLS. The top-paying locations for these professionals include New Jersey ($167,600), New York ($156,260), Rhode Island ($155,910), Connecticut ($155,890), and the District of Columbia ($150,970).

Graduates may want to consider other fields such as advertising, promotions, and marketing. These professionals earn a median annual pay of $141,490.

Courses in Executive MBA Programs

Executive MBA programs typically require 30-48 credits and take 16-24 months to complete. These programs blend advanced core business coursework with specialized electives. The best MBA programs are accredited by organizations such as the Association to Advance Collegiate Schools of Business.

Enrollees use their knowledge to address contemporary business challenges presented in case studies and projects. Learners develop advanced proficiencies in subjects such as corporate finance, managerial accounting, financial management, and data-driven decision-making.

Many EMBA programs offer electives or focus study areas. Popular focus areas include finance, business analytics, and strategic management. Some programs focus exclusively on developing managers who can apply their business proficiencies in a sector such as healthcare.

Many online executive MBA programs require students to complete in-person seminars and workshops. Enrollees may also take business trips to enhance their knowledge. See below for three common courses in executive MBA programs.

• Managerial Accounting

  The course focuses on managerial accounting concepts and how they apply to an organization's strategic planning, decision-making, and operations. Learners study cost concepts, process- and value-based costing systems, and financial statement analysis.

• Marketing Management

  The course examines how to develop, implement, and evaluate marketing strategies for products and services. Degree-seekers explore consumer behavior and how to conduct and use market research. They learn how to optimize brand management to create public awareness and increase sales. Topics include product development, branding, product positioning, and distribution channels.

• Strategic Management

  The course explores key strategic management concepts and tools. Enrollees learn how to formulate and implement business strategies across functional areas such as accounting and finance. Learners study the strategic leader's role, maintaining a competitive advantage, and implementing ethical and sustainable practices.

Certifications and Licensure for Executive MBA Students

MBA students and graduates pursue certifications to demonstrate competency in various business specializations. While top executives typically do not need a license to practice, they can cement their qualifications and value with certifications in areas such as finance and human resources. See below for three sought-after national certifications.

Online Executive MBA Programs