Executive MBA programs are known for developing leadership and business skills. Here are 3 reasons why they benefit sponsoring employers.
While it's well known that an Executive MBA program develops transformative business skills and knowledge in its participants, forward-thinking employers understand how supporting their managers in pursuing these postgraduate studies also benefits the organization as a whole. Many companies sponsor their employees in EMBA studies because it just makes good business sense—it's an investment in international management, strategic thinking, and leadership capabilities.
By supporting their managers in earning an MBA at the WU Executive Academy and Carlson School of Business, employers are rewarded with highly motivated talent that have valuable insights into innovative approaches and global markets. The part-time program structure is specifically designed to accommodate hard-working executives, requiring just 40 days away from the job over the 16 months of studies.
If you're an employer interested in investing in your employees with outstanding promise and leadership potential, or a prospective MBA student seeking to convince your employer to sponsor your studies, here's how the program benefits companies.
EMBA students gain profound knowledge of cutting-edge management tools from world-renowned professors and international executives. They're not only at the forefront of innovative business trends, but they also acquire the skills and confidence to identify new opportunities and transform them into business advantage. Working through complex business cases in the EMBA curriculum, students develop insights into the strategic perspectives of interconnected business functions and "big picture" understandings of organizational objectives.
Transforming promising managers into inspiring business leaders is what executive MBA courses do best. Students learn theories and frameworks for leveraging the behavior of individuals, groups, and the wider organization as they make difficult decisions and develop action plans. Important leadership skills, including communication, ethical concern, and motivational management are nurtured as students gain the confidence and ability to lead high performing teams.
A Global Executive Master of Business Administration prepares business leaders for the complex realities of today's international marketplace, where multinational teams frequently work with diverse laws, customs and markets. In this unique internationally-oriented program, students develop a global vision and expert insights into both developed and emerging markets through study trips on four continents.
During these travels to China, India, Chile, Brazil, and the USA, students attend lectures and visit local companies to gain firsthand knowledge of different market environments and learn from executive experts. Participants also work across cultures and time zones with peers from various industries and sectors during the program's integral virtual team project.
As students in a part-time EMBA program are able to continue their career progression while flexibly managing their studies, they're eager to immediately apply newly discovered management tools and strategies in the workplace. Every time these new talents are applied to organizational needs, sending positive ripple effects to other colleagues in the company, an employer's return on investment grows.
As students meet and work with business managers around the world, they are exposed to a wide variety of influential contacts that can be leveraged as growth opportunities by the companies they work for. WU Executive Academy's exclusive alumni network and exclusive continued learning workshops enables these opportunities to be sustained indefinitely.
Besides these clear advantages, offering employees the opportunity to pursue MBA studies delivers significant retention benefits and heightens your reputation as a desirable company to work for. In addition, tuition fees are often largely tax deductible. According to GMAC research, a survey of employers found that payback to organizations took 17 months from the student's program start.