This article: MBA or EMBA: Which One is Right for You? | The EvoLLLution. The author really goes into great details on the strengths and benefits of both kinds of MBA programs..
Ok, stop for a second. The big question to ask is should you consider an MBA at all? The problem is that the MBA is now taking the place of the new Bachelors degree. Because we have a glut of BA/BS students the ones who want to get into leadership positions are heading en masse to the next level.The more people who have a credential, especially a generalized credential, the lower the value of that credential is. The MBA is expensive, it’s difficult work, and the benefits are highly questionable, yet more and more people are getting them. I personally know an MBA who is volunteering at a local non-profit because she can’t find work. I think her longer term prospects are good, but i’m also certain she’s going to have to change her perspective of what she wants to do and where she wants to do it to get a decent job.
Yet even saying all that the MBA does maintain some cache. The problem is that I think it’s moving in the direction where the only value is in association with a another significant credential. And this gets you into the world war of letters. For example, If you want a good job as a senior project manager then you have to be a PMP (Project Management Professional) and an MBA. So you’d have Firstname Lastname, MBA, PMP. If you want to do this in IT, then you’d need an MSIT or MCS as well.
Then you enter into the very intersting world of Letters.. specifically letters you can append to your name so you have a title. When your in this world it’s the letters associated with a specific job that means the most.. For example project management is a highly specific job, and if your a PMP it has way more value, and cost significantly less than the MBA. All the MBA does is put a nice sheen on the PMP.
There has to be some serious income growth to pay for some of the MBA programs out there. Considering what you’re paying in time and loss of quality of life while you’re in the program, not to mention the quality of your life when you get out and get the high powered corporate job… i’m just not sure it’s worth it.
Fortunately you don’t need an MBA to figure that out.