Executive MBA in Australia

By the time most people consider an executive MBA, they are already running a team, a function or a business. They do not need an introduction to work. They want a structured way to think more broadly, test their judgement against peers and prepare for the most senior roles. Executive MBAs (EMBAs) are designed around that need.

How an EMBA differs from an MBA

The cohort. The defining feature of an EMBA is the class. Students are typically senior managers, directors, business owners and executives from many industries. Much of the learning comes from discussion and group work among people facing real leadership problems.

The schedule. EMBAs are built for people who cannot step away from work. Study is commonly concentrated into residential blocks, long weekends or intensive modules spread over one to two years or more, with work between sessions.

The content. The core business disciplines are still there, but the emphasis is usually on strategy, leadership, governance, change and decision-making. Many programs include an international study component or a major strategic project for your own organisation.

The admission process. Entry depends heavily on your experience and career trajectory. Expect interviews, references and essays. Test scores are often less important than in a full-time MBA.

The cost. EMBAs generally cost more than standard MBAs, partly because of residential costs, smaller classes and study tours.

Who it suits

An EMBA suits you if you have substantial management experience, are already in or near a senior leadership role, and want a peer group at your own level. It is popular with people moving from functional leadership (for example, head of finance or engineering) into general management, and with business owners who want a strategic toolkit.

It may not suit you if you have only a few years of experience, want a full career change, or need the lowest-cost option. In those cases, a part-time or online MBA may be better.

Employer sponsorship

Because EMBA students are senior, many receive employer support through fee contributions, study leave or both. If you are asking your employer for support:

• Explain how the program connects to your role and the organisation's goals.
• Offer to apply projects and assignments to real business problems.
• Clarify what happens to the support if you leave. Many employers use a bond or repayment clause.

Tax

If you pay some or all of the cost yourself, check the ATO's rules on self-education expenses. A deduction is only available where the study has a sufficient connection to your current employment when you incur the cost. Executive programs taken by someone already in a senior management role may be more likely to meet that test than a program taken to change careers, but every situation is different. See our FEE-HELP and tax guide and speak to a registered tax agent.

Comparing programs

The class profile

Ask for the average years of experience, seniority and industry mix of recent cohorts. You want classmates who will challenge you.

Time away

Count the days you must be on campus or travelling, and check them against your work calendar. Ask whether missing a block is possible and what happens if you do.

International components

Some programs include overseas modules or partnerships with business schools in other countries. They can be valuable, but check what they add to the cost and time away.

Rankings and accreditation

The Financial Times publishes an Executive MBA ranking, and some Australian programs have appeared in it. Rankings use specific methods and weightings, so treat them as one input. See our rankings guide. Check the school's accreditations too.

Alumni network

Ask how active the alumni network is in your city and industry. For senior leaders, the network built during an EMBA can be one of its most lasting benefits.

A sensible approach

1. Talk to two or three recent graduates of each program you are considering.
2. Attend an information session or sample class.
3. Discuss your plans with your employer and family before applying.
4. Compare the total cost, the schedule and the class profile side by side.

If you are not sure whether you are ready for an executive program, use our format finder to compare the options.