Wondering what it’s like to be a Quantic student? To start, Quantic’s award-winning active-learning platform is much more than an app. As a student, you’ll engage with a global network of highly driven professionals who are leaders in their respective fields. You’ll have opportunities to discuss coursework and case studies and share perspectives with classmates virtually and in person at meetups and Executive MBA conferences held around the world.
In addition to collaborating with classmates, Quantic students have access to a variety of resources to help further their learning and prepare them with the skills needed to excel in today’s business world. The library offers access to paid databases and you’ll have lifelong access to all courses — including those that have yet to be added to the curriculum so you’ll always be equipped with the latest in-demand skill sets.
Quantic is committed to helping students reach their goals post graduation, too. To support you, Quantic has an in-house research advisor who can help guide your studies and make sure you’re getting the most out of your experience. And our resume and cover letter consultations ensure you’re putting your best foot forward with future career moves. Also, you’ll have access to exciting job opportunities through our built-in career network, Smartly Talent.
Interested in the #ModernMBA? See for yourself what being a Quantic student is all about:
An MBA will change your career—and your life—for the better.
You can leverage it to achieve promotions, a wealth of new job opportunities, a paradigm-shifting career change, or an increase in salary. For others, an MBA is a springboard for their entrepreneurial efforts.
But choosing the right one is key.
There are a lot of options. Sifting through them is overwhelming. Especially as exciting new options emerge.
The most exciting new option is a fully Online MBA.
While an online MBA often sounds attractive to students in our increasingly flexible, digital-first, and remote-friendly workplace, many business professionals wonder if it’s a smart choice.
Will potential employers take my online degree seriously?
Do traditional MBA’s actually offer more networking opportunities?
We’ll clear up some common myths and misconceptions in this article.
To help you decide between a brick-and-mortar business school and an online MBA, we’ll go through some of the main differences between the two. From cost comparisons and admissions requirements to employers’ opinions of each one.
Online MBA vs Traditional (On Campus) MBA – What’s the difference?
When it comes to an MBA program, many potential graduate business students think of a traditional, on-campus MBA at a brick-and-mortar school. There are over 1,000 MBA programs in the United States. Some are full-time, while others are part-time, often offering classes on nights and weekends.
But, just like the world of business itself, MBA programs are changing rapidly. There are now over 330 online MBAs offered in the U.S. Many of these programs are affiliated with long-standing, top-tier business schools, while others are completely digital degrees that approach online learning in a variety of ways — some more effective than others.
There is a clear trend towards online learning. Applications for campus based MBA’s over the last two years fell. While demand is growing for online programs.
No one knows if this trend will continue. But we do know that we live in an unstable world. One that has already become more digitized after CoVid-19. There are now more remote workers than ever before. MBA’s may continue to follow suit.
Despite their differences there is one big similarity.
All accredited programs are rigorous and intellectually demanding. Period.
Both tend to have similar educational requirements and similar coursework.
Quantic’s free online MBA program, for example, includes courses in accounting, finance, leadership, marketing, supply chain and operations, data analysis and decision-making, strategy and innovation, economics, and entrepreneurship.
Meanwhile, Quantic’s online executive MBA (EMBA) program adds additional coursework in operations management, corporate strategy and other areas of study that help working, mid-career professionals level up their leadership skills. These curriculum paths are comparable to those you’ll see at any top-tier business program, whether online or on-campus.
Ok – now that’s out of the way, let’s dive into some pros and cons…
Online MBA Pros and Cons
As a business professional, you already know the best way to make a tough decision is through a cost-benefit analysis. So let’s examine the pros and cons of getting an online MBA vs. those of an on-campus master’s in business administration degree.
Online MBA Pros
The biggest reason that many students choose an online MBA is flexibility. Unlike traditional MBA programs, whether full- or part-time, most online graduate business degrees allow you to work on your own time, from anywhere. While some classes may be synchronous, most online MBAs are incredibly flexible.
This learning environment is ideal for working professionals who don’t want to quit their already lucrative jobs or satisfying careers to bolster their education. It’s also perfect for students with other family responsibilities and obligations, such as spouses and kids.
If you’re an especially ambitious, self-motivated person, you’ll also appreciate the efficiency of an online MBA program.
Most traditional full-time MBA programs take around two years to complete, while part-time MBA programs take around four years. By contrast, online MBA programs tend to be shorter, ranging from a year to 18 months in many cases. Quantic’s MBA is just 10 months and the EMBA takes 12 months to complete.
Online MBA programs also tend to be more technology-driven, which in turn can help you develop your own technical acumen and understanding of the digital marketplace.
For example, Quantic’s interactive software offers interactive feedback every eight seconds and allows you to work at your own pace in a mobile-first online environment. This fluid-yet-structured approach to learning customizes your educational experience as you go along.
Online MBA Disadvantages
One disadvantage of an online MBA program is a lack of in-person community and connection. Students often benefit from in-person conversations with peers and instructors, whether in terms of academic collaboration or socializing.
Another common objection to an online MBA is a smaller pool of networking contacts. Most brick-and-mortar graduate business programs offer happy hour networking events, Q&As, and career fairs throughout the year. Many potential online business students worry they might miss out on these crucial opportunities to launch their careers and expand their professional circles.
Quantic’s online MBA addresses this common problem proactively in three ways.
Online network and collaboration
Students connect with peers around the world via our interactive network. Ambitious, driven people from 80 countries and counting…
You and your cohorts will move along your curriculum sequence together, actively collaborating on group projects, case studies, and assignments as you go.
“Extracurriculars” and social events are also available in Quantic’s MBA. Virtual and in-person meetups, both online and around the world, will allow you to rub shoulders with your classmates, instructors, and established alumni students.
The Executive MBA also offers multiple weekend-long conferences held in cities around the world. These conferences provide opportunities for students to meet face-to-face with peers during workshops, case studies, and meetings with local business leaders. Recent conferences were held in Washington, DC, Dublin, and Singapore.
Here’s what one looks like…
You get access to a built-in Career Network. Top-tier employers use it to recruit our students and alumni. It serves as a career hub for graduates. MBA grads’ profiles stay active, so employers can browse alumni profiles whether they’re already employed or not.
Here are a few of the companies our grads work at…
Traditional On-Campus MBA Pros
Traditional on-campus MBA programs often appeal to students who need or want a little more structure and hands-on guidance. Students just out of an undergraduate business program, for example, might prefer the additional in-person attention offered by a brick-and-mortar school, as well as the familiar daily routine of face-to-face classes.
Brick-and-mortar business schools also have the opportunity to offer more bells and whistles when it comes to activities, facilities, and clubs. If you love the idea of getting together with your cohorts every week for dinner, for example, or catching up with your colleagues at the on-campus gym, the community of an on-campus environment might be more your style when selecting an MBA program.
Traditional On-Campus MBA Disadvantages
Of course, the most significant disadvantage of on-campus MBA programs is the lack of flexibility.
If you have a family at home, existing business obligations, or a burgeoning career, it can be difficult to justify starting a full-time MBA program. Even part-time MBA programs can be draining, as you’ll have to work your schedule around theirs (not the other way around) and possibly take on a frustrating commute.
On-campus MBA programs often also lack the cultural and demographic diversity of online programs. On-campus MBA students tend to be younger on average, for example, and there aren’t as many international students at any given on-campus program.
Working alongside and learning from diverse colleagues can help you build your cultural competency, leadership, and collaboration skills. It can also position you to take on an increasingly global marketplace with more confidence and finesse.
Online MBA vs Traditional MBA Comparison (table)
Now, let’s get down to the nitty-gritty details of how an on-campus MBA program differs from an online MBA with a point-by-point comparison of typical student demographics, average tuition cost, average salary growth after graduation, and more.
Due to Quantic’s “flipped” tuition model, free online MBA students don’t pay to be recruited by potential employers. Instead, employers pay to recruit them. Meanwhile, Quantic’s executive MBA cost comes in at just $9,600, with employee reimbursement and scholarship options available.
Traditional MBA programs, as we described earlier, take around two years to complete. Accelerated programs may take 18 months or even a year, while some programs take up to three years. Part-time programs may take four or more years to complete.
Many online programs take slightly less time to complete than on-campus programs, making them a more efficient choice in many cases if you want to get the ball rolling on your business career faster. Quantic’s free online MBA and EMBA programs take 10 and 12 months to complete, respectively.
Average Salary Growth
Average salary growth for both traditional and online MBA students varies widely. Still, it’s clear that the available data suggests that online MBA students tend to see a substantial return on their investment.
These salary bumps usually come through a promotion or raise at an existing company, a lateral move to a higher-paying job at the same level, or by taking on a higher position in a new industry.
One of the main concerns some employers might have about students with an online MBA is that online MBA programs tend to be less selective than traditional ones.
You might wonder, for example, “Do I need a GMAT for my MBA?” The answer varies by program. Only 54.6% of online graduate business programs require GMAT/GRE scores from applicants. Meanwhile, a whopping 94% of conventional MBA programs require GMAT/GRE scores from their prospective students.
The requirements for test scores and undergraduate GPAs are also sometimes a little more lax when it comes to online business schools. This contrast can worry some employers, who might think that the lack of selectivity of a school suggests less dedication and rigor in an applicant.
But Quantic’s free online MBA and its Executive MBA are highly selective, admitting only a small percentage of applicants each year. And around 80% of Quantic’s free online MBA students graduated from top-30 undergraduate institutions (including Harvard, Duke, Stanford, UPenn, to name a few ..).
In turn, the program’s selectivity translates into higher completion rates, more engaged (and more impressive) colleagues and network contacts, and higher perceived value by employers.
What do Employers Think of an Online MBA?
Many prospective MBA students think an online MBA sounds like the ideal fit for them in terms of their schedule and learning style. But some worry that employers won’t take an online MBA program seriously.
Luckily, the available data doesn’t suggest that to be the case. In fact, some employers consider an online MBA to be an asset in that it showcases a student’s independent, autonomous approach to learning and their mastery of technology.
Kathryn Lee, human resources director for North America at Fiat Chrysler, told Seb Murray at the Financial Times in 2018 that most employers now considered online MBA students to be just as competitive as traditional students.
“Online MBA students are equally as competitive as those attending classes on campus”
Lee added that online students’ drive to succeed and excellent time management skills illustrated their ambitious nature and commitment. “They display qualities that are important in people we hire — a strong work ethic, project management and critical thinking skills,” she said of online MBA grads in the same interview.
According to Jordan Friedman at U.S. News and World Report, many employers think far more about an online business school’s coursework, reputation, and opportunities for student-faculty interaction than about the format in which classes are delivered. That’s why it’s so crucial to ensure the MBA program you choose has ample opportunities for networking, collaboration, and interactive learning.
Many employers who have recruited MBA grads through Quantic’s Career Network see an online MBA from a reputable school as proof an applicant is creative, adaptive, and flexible.
Greg Buechler, a talent acquisition specialist, shared his thoughts about the value of Quantic’s MBA for employers.
“Quantic has allowed us to hire executive talent from around the world in the shortest time I have ever experienced in my 30 years of recruiting,” he said. “I am almost unwilling to share this gem of a tool!”
Overall, the higher salaries enjoyed by online MBA grads and the growing demand for online business schools indicates that there’s no shortage of employers who view online business degrees favorably. According to Jonathan Moules at the Financial Times, online business school growth is far outpacing that of traditional MBA programs. As the workplace becomes increasingly digital, higher education in business administration is following suit.
Summary – Which Degree for Your Career Growth?
Both traditional and online MBA programs can expand your career opportunities substantially. In addition to providing you with the critical thinking skills and key knowledge you’ll need to move up in your existing business career or launch a new one, an MBA program can bolster your confidence as a leader and widen your network of contacts.
Traditional MBA programs are sometimes preferable for students who require more structure and guidance. Some traditional graduate business programs offer more on-campus facilities and activities. However, they are not as flexible as most online MBA programs, and they tend to attract younger students with less work experience on average.
Meanwhile, online MBA programs like the ones offered at Quantic are best for self-motivated, independent thinkers who work well at their own pace. They can also benefit students who want to complete a graduate business degree faster, who have family or work obligations they can’t interrupt, or who thrive in a flexible, technology-driven learning environment. Interested in learning more about how Quantic’s online MBA program can be a game-changer in your business career? Read on to learn how Quantic’s disruptive approach to learning and global scope helped one student become a Forbes 30 Under 30 recipient.
The coronavirus has a lot of us sitting around the house these days, scrolling through our phones or tablets. Skimming Instagram and Twitter have become common ways to pass the time, and while you may not think more screen time is the answer to the quarantine blues, some apps are proving to have benefits for the mind, body, and improving daily life. Quantic students have developed apps that help make dinner possible, ease anxiety, and get you back on track with your fitness goals during this crisis.
In direct response to the global COVID-19 crisis, Quantic MBA Alum, Albert Brown, and his team launched Kyoo Curbside. Kyoo has helped hundreds of businesses rapidly set up online ordering with no-contact, curbside pickup orders. Because of its popularity, it was fast-tracked by Square to become an official ordering partner and it is now the only free product listed. Merchants can set up their store in a snap. Items import automatically from their Square menu and they can accept orders right away. Customers can place orders on mobile, web, kiosk, or simply by text message. They receive instant text message updates to keep them moving through the queue and provide clear instructions to get their order fulfilled.
Staying home? Stay active! Quantic MBA Alum, Yash Jain, developed Hero Trainer to help us reach our fitness goals. The mobile app allows users to earn rewards in their favorite video games for exercising. A little walk around the house, or on the treadmill can earn people premium paid reward codes. The app tracks your steps on a walk or run. You earn points for each step and exchange those for reward codes to your favorite games.
We could all use a little mood boost to help cope with quarantine. EMBA Learner, Kamran Qamar, developed a clinically designed self-help app for depression and anxiety. Mooditude helps you identify and change your thinking using transformative Cognitive Behavioral Therapy (CBT). For lasting cure, you can build mood-lifting habits using goals and routines. When you feel stuck, go deep and find solutions to your specific problem within the dozens of psychiatrist developed programs.
It’s exciting and uplifting to see our students take action and find ways to stay productive, engaged, and mindful while life — in some respects — stands still. Here’s to those who #ChangeTheCourse.
When we think of blankets, we often think of cozy nights and hot chocolate. But what if they had the power to change the course of healthcare technology, especially during the coronavirus pandemic? Executive MBA student, Olivia Lin, had this exact same thought. She wanted to combine her strong tech background and desire to create textiles with a purpose. Olivia and fellow EMBA student, Edward Shim, soon launched their start-up, Studio 1 Labs, specializing in cutting-edge textile technology.
Their first product? A “smart” bed sheet that can be used in hospitals to monitor patients’ vitals. This has been crucial during the COVID-19 crisis because it continuously monitors for respiratory distress. The bed sheet detects respiratory patterns and transmits the data to a computer terminal for healthcare workers. With advanced data accuracy and analytics, this technology can also predict the onset of health decline and emergencies like apnea, heart attack and stroke.
Olivia is originally from Taipei, Taiwan and grew up in Canada. She studied psychology at the University of Toronto, and earned a Master’s and later a Ph.D. in cognitive psychology from the University of Waterloo. While studying psychology, Olivia was drawn to subject matter known as Human Factors, a field focused on the application of psychology in society.
When asked how and why she made the transition from psychology to starting a textile tech company, Olivia laughed — the transition even surprised her. She had a friend who worked in textile technology and saw how she combined fabric, art, and modern technology to create clothing with a purpose. This sparked Olivia’s interest and curiosity and she asked for her friend’s help in learning how to sew fabrics infused with tech.
While completing her Ph.D., Olivia met Edward, and her hobby soon turned into a business idea as the two began researching the commercialization of fabric sensor technology. They had identified a growing trend in healthcare of using everyday objects as tools for monitoring vitals and felt that textiles might just be the perfect canvas for such a device. This kind of application had particular relevance to Edward, who, when serving in the military, sustained an injury which left him experiencing respiratory issues. He was well aware of the processes in place for patients to have their breathing monitored and knew there had to be a better way. Both he and Olivia saw a need for improvement in this space and after enlisting the help of a few more colleagues, Studio 1 Labs was born.
“There was a lot of exploration and experimentation and finally we found an application that really works,” said Olivia.
Studio 1 Labs’ fabric sensor bed sheets are a glimpse at the future of health technology. These sensors monitor a patient’s respiration pattern, location, movement, and prolonged pressure. The patient does little more than lie in bed and his or her vitals are measured and reported. This is especially important for elderly patients, who are less able to adjust their lives for doctors to gather the data they need to make an informed diagnosis and treatment plan.
Beyond product development, Olivia had also recognized the need to increase her knowledge of business and strategy. This is when she decided to pursue an Executive MBA. With Studio 1 Labs having locations in both Canada and Taiwan, Olivia was constantly traveling and Quantic’s mobile-first design enabled her to learn no matter where she was.
“Being an entrepreneur, I felt like I had gaps in my knowledge and I couldn’t keep pace in conversations with executives and potential partners to the degree I needed to. I wanted more of the knowledge that would enable me to carry on and lead these conversations.” said Olivia.
Olivia’s impressive efforts in creating this business have not gone unrecognized. She was featured by Girls in Tech Taiwan 40 Under 40 and Studio 1 Labs won the Markham Board of Trade Aspire Startup Award in 2018. Outside of being the Executive Director of Studio 1 Labs, Olivia was a mentor for the City of Waterloo’s initiative, Girls in STEAM, a program that promoted tech and other STEAM careers to local girls to spark their interest at a young age. Olivia now lives in Taiwan, as she continues her rewarding (and challenging) entrepreneurial journey and helps to continue to #ChangeTheCourse of healthcare technology.
We are constantly amazed by the innovative spirit of our Quantic students and alumni who are pioneering solutions for today’s complex challenges. It’s this same spirit that drives us to push the boundaries of online education — to make it higher quality, more accessible, and more effective. You may be familiar with how we’ve innovated in graduate school education with Quantic, but did you know that Pedago (the company behind Quantic) is launching another school? We are thrilled to announce that we will soon be launching Miya Miya, a platform enabling mobile education to #ChangeTheCourse for young students in need.
Miya Miya is a free, online, mobile-first school empowering disadvantaged Jordanian youth and Syrian refugees to obtain a high school STEM education and skills that are vital to their future career prospects.
This program aims to supplement classroom teaching for children and young adults who have been unable to access a traditional education due to hardship beyond their control. Like Quantic’s platform, the app-based curriculum uses active learning, in which students are prompted every eight seconds to engage. Because it is mobile-first, students can learn wherever and whenever they’re able to.
The concept of Miya Miya was conceived as a digital curriculum delivery solution that caters to refugee children and youth, but will eventually be made available to all learners with content that is adapted to the national curriculum of host countries.
The program will run for a period of three years, and is in line with the Jordanian Government’s priority to tackle the low passing rate of ‘Tawjihi,’ the General Secondary Education Certificate Examination. According to a UNHCR report, only around 20% of secondary-school-aged Syrian children are enrolled in formal education, while the rest mostly work to support their families. Not attending secondary education prevents students from passing the final exam and receiving the necessary school certification to gain access to the job market, or study further.
“We are delighted to collaborate with Dubai Cares, Questscope and the Queen Rania Foundation to make our breakthrough technology available to Jordan’s most vulnerable students” said Tom Adams, Pedago and Quantic Co-Founder and CEO. “Miya Miya is designed to be the premier solution for delivering Tawjihi-based instruction, and it works on smartphones.”
While Miya Miya will initially launch in Jordan, Pedago’s mission is to bring this affordable, accessible, and impactful education to all children around the globe. Through this school and other programs, we hope to continue to #ChangeTheCourse of traditional learning and help tomorrow’s leaders achieve their educational and career goals.
South32 Connectivity & Cyber Security Program Manager, Barbara Meyer knew she wanted to earn her MBA. Being a working mom, she needed a program that would fit into her busy schedule. Here is a note on her Quantic experience, why she believes all moms can achieve their professional goals, break down stereotypes, and become rockstar role models for their children:
Moms should feel welcome in MBA programs and not feel held back because child-bearing years and MBA programs coincide. Furthermore, moms should not be left having to choose between a family and furthering a career, through study. Although business schools have been encouraging more women to join master’s programs, they still have not reached gender parity.
As a single mother of a toddler, I found myself in the middle of this dilemma. I realised that in supporting my daughter’s growth as an independent, strong, educated woman, I needed to be a role model for her. I needed to be the best version of myself and put myself in a position to advance my professional career. The tricky part was how to accomplish this without feeling like I was relinquishing responsibility and missing precious time with my daughter.
As an IT program and project manager, I often thought that an MBA might provide me with a well rounded business foundation, which might be the next step to advance my career. However, everything I knew about traditional MBA courses seemed to be daunting: excessive cost, fixed on-site lectures or block periods, lengthy course durations, and sacrifices beyond my appetite. This was true until I came across an online invitation to a free MBA with Quantic.
I was hooked. Everything I hoped to have in a MBA course was packaged into the Executive MBA online offering: it was not only flexible, mobile and affordable, but also pedagogically sound and ensured active student participation (the first 11 years of my career were spent as a STEM teacher), a global network of alumni, and best of all, it could be completed in 12 months.
In the past eight months of studying, I found that the pace and schedule were manageable, while balancing my everyday life. I am very privileged to have flexible working hours and lots of support from my employer, South32. With the mobile application available 24/7, I used every spare five minutes to complete a learning unit. This happened during lunch time, sitting somewhere waiting in a queue, 15 minutes after I woke up or went to bed, and especially the time at night when the little one would wake up and I couldn’t fall back to sleep (don’t all moms know this midnight joy?). Thus far, it has been an enjoyable, highly interesting journey and well worth the effort. Even in this short time, I have been able to incorporate my learning into my day job and have applied some of the principles to make innovative changes.
Were there difficult times? Yes, especially during the time that we were both sick. Are the exams and assignments challenging? Yes, you must put in extra effort during exam week. Is the Quantic staff helpful and supportive? For sure, they know that students are human, life happens, and that there is always a plan to get back on schedule.
The most pleasantly unexpected experience with my Executive MBA was during one of my exams, as highlighted in an email I wrote:
“I wanted to share with you a precious moment and why I love the format of the Quantic EMBA. I have been working diligently during the hours that my daughter is asleep (because I do not want to impact the little time we have during the day) and thus far, it has worked very well. I try to do most of my exams early in the morning, before she wakes up. At 5:15am, I settled in behind my machine, ready to take on the Operations and Project Management exam. Instead of her waking up as normal around 7am, she woke at 5:30am. Needless to say, I had a curious, happy-to-be-alive, wanting-to-be-with-mommy, toddler. I almost had a panic attack but decided to make the most of the situation.
As she played, I finished my exam through all the questions, requests and played along. The picture says it all. Although it took a little longer, the end result was a whopping 93% and a very happy little girl. I can’t think of a better result :-).
I hope that it can be an encouragement to more mothers out there; it is possible to complete the Quantic EMBA, tend to your family and work full-time. Thank you again Quantic for enabling continuous studies and making it possible to have fun doing it.”
It is my hope that more women will join the increasing network of MBA alumni. Quantic has gone the extra mile to make moms feel welcome in the Executive MBA program. Quantic has designed their Executive MBA program in such a way that a mom is not trapped in the compromises of choosing between career advancement, further studies and raising a family. Moms, let’s go forth to equip ourselves for professional success, model an example for our children, and help to break down barriers and stereotypes with an Executive MBA.
There are hundreds of business degree programs offered globally. Navigating the business school landscape is challenging. There are tons of options.
This article will put you on the right path.
At Quantic School of Business and Technology, we understand how big this decision is. After all, picking the right MBA or Executive MBA will propel your career forward
To help equip you with the information you need to make an informed decision, we’ve developed a program comparison guide.
Use it as a tool to determine which program is best suited to your unique situation and desired career outcomes.
MBA (Master of Business Administration) programs are most commonly suited to those with less work experience — often, those who have recently graduated. These are people who require more introductory courses in business administration.
Therefore, MBA candidates are commonly required to maintain a heavier workload and a more demanding schedule during their full-time studies.
By working on a full-time schedule, MBA programs tend to offer more freedom within the denser school schedule. For instance, selecting electives or choosing a subject specialization or “track.” (Although this is not entirely uncharacteristic of Executive MBA programs, it’s rarer.)
Executive MBA (Executive Master of Business Administration) programs are developed with working professionals in mind. Those who want to keep working full time, while advancing their skills.
This is frequently done on a part-time basis. Some schools offer specializations in industries like healthcare and technology; the Quantic Executive MBA’s award-winning curriculum offers elective specializations in management, leadership, entrepreneurship and advanced strategy.
MBA and EMBA Statistics
A good approach to researching which type of program is right for you is by looking at MBA and Executive MBA programs by the numbers—or in business terms, through a cost-benefit analysis.
Cost of an MBA vs. an EMBA
Approaching your selection of a program through a financial lens is one of the most common methods of analysis. Pursuing an MBA or Executive MBA costs time and money — it’s a commitment that’s worth taking the time to think about in-depth.
The key lies in determining which type of program is best suited for where you are in your career, and which stands to be of most benefit to you in terms of career growth. one major difference between Executive MBA and MBA programs is the format of their delivery and associated costs.
Executive MBA programs, mostly delivered part time, allow students to keep their jobs. This means that Executive MBA candidates can bring in a steady income while they study, thus increasing the ROI of their EMBA degree by reducing its overall cost.
MBA programs, on the other hand, are most commonly delivered in a full-time format, requiring candidates to put income-earning on hold. They may also require students to incur additional living costs (like room and board), if they have to relocate to pursue the degree.
Executive MBA programs typically attract more mature professionals (with the average EMBA applicant age being 38), with greater work experience. They have competitive résumés and are poised to move into more senior leadership roles with their current employer, change industries, or perhaps, branch out on their own to start a new company.
MBA applicants, by contrast, tend to be younger (with the average MBA applicant age being 28) and have their applications reviewed on the basis of academic credentials. That said, many programs, including Quantic’s MBA, value unique and sometimes less traditional backgrounds.
With either program, there are always outliers so one of the most useful ways to determine which program is best for you, is to consider the kind of peers you stand to gain. Will learning alongside those who are just starting out in their careers challenge you? Will you be able to contribute to your cohort in a way that’s valuable and challenges others? These are the types of questions that can help you choose a program that stands to benefit you the most.
Each type of program is delivered with a unique purpose and student needs in mind.
Executive MBA candidates often compete for admission on the basis of their work experience rather than academic scores. And they are typically required to apply with a minimum of five years’ work experience (though their average work experience is 14 years) and demonstrated managerial or leadership roles.
MBA applicants, on the other hand, typically compete on their GMAT and academic credentials, as well as their work experience to-date. Quantic’s MBA and Executive MBA, however, do not require students take the GMAT. Both programs require a bachelor’s degree.
How long an MBA takes to complete depends on the type of program you choose. Executive MBA programs are typically part-time programs that run on weekends and weeknights and vary in duration (between 18 and 24 months, though some take as few as 12 months, like the Quantic Executive MBA); more traditional MBA programs, by comparison, usually take more time, often requiring 4 semesters of full-time study (following a typical university schedule), amounting to two years total (24 months).
Some online MBA programs are shorter; for instance, the Quantic MBA takes 10 months to complete. Though, this is not an indication of a lighter curriculum — Quantic’s program length is a direct result of its proprietary pedagogy that uses Active Learning to teach. They’ve done away with time-consuming lectures entirely and deliver content via fast-paced, interactive, and personalized modules. Plus, shorter programs mean you can start earning faster. Quantic’s MBA also has the added benefit of a built-in career network, too, so you’re likely to put your skills to use immediately.
Whether you choose a traditional MBA or Executive MBA program, the cost of tuition, plus any additional expenses, tends to be substantial.
As per EMBAC’s 2019 Membership Program Survey, the average executive EMBA cost runs at just under $83,000 (US), though higher tuition costs are not uncommon; many ranked MBA and EMBA programs’ tuition can easily exceed $100,000, and the most prestigious business schools can cost double that (upwards of $200,000).
MBA programs, on the other hand, while costing somewhat less in tuition (on average $60,000), quickly add up in day-to-day living costs that aren’t offset until graduates return to regular employment.
Quantic offer’s a hyper-competitive free MBA. How is it free? Tuition is subsidized by the built-in career network, Smartly Talent. Employers pay to recruit from the school’s high-caliber student and alumni network, thus, shifting the burden of tuition costs from student to employer. The Executive MBA, while not free, is just 5% the cost of a traditional program.
Another stark contrast between the two program formats is funding.
It’s far more common for Executive MBA candidates to be funded by their employers, while MBAs are typically self-funded.
This creates a landscape in which MBA students often have more options for applying for scholarship funding, should they invest their time in this additional research and application process.
It should be stated, though, that over the years schools have begun to offer more Executive MBA scholarships in response to a changing trend whereby EMBAs are seeing less employer sponsorship and need to be self-funded. Quantic’s Executive MBA offers candidates pathways and resources for employer-funded tuition reimbursement.
And of course, even for students who are company-funded, conditions may apply, such as requiring that Executive MBA graduates complete a term of employment with the sponsoring company after graduation. Additionally, most require that the school is accredited (Quantic is accredited).
A student’s lifestyle is heavily influenced by the program they choose to undertake.
Since Executive MBA candidates tend to have significant and continual work obligations alongside their academic pursuits, course schedules will typically run outside the usual 9-to-5, during what many working professionals consider to be their leisure or personal/family time. This, of course, will also have significant social implications—although course attendance and networking with their newfound community can help fill that social gap. The latter is true for MBA candidates too, who will undoubtedly spend much more time in person with classmates, whether in the classroom, in the library or at networking and MBA events on evenings and weekends.
Because Quantic’s programs are entirely online, it enables both Executive MBA and MBA students to learn on their own schedule, with most students spending between 5-15 hours a week on course work. And with group projects, virtual classrooms for discussion and debate, and optional in-person meet-ups and conferences, there are plenty of opportunities for networking and connecting with fellow peers.
Executive MBA Benefits
The “E” in EMBA often has prospective students mistaking the EMBA as a more “elite” form of study in comparison to the “more basic” MBA program.
The reality is the two programs are simply designed to suit different kinds of students. They offer different curricula and educational experiences. While much of the core curriculum is shared between the MBA and EMBA, Executive MBAs offer more in the way of advanced courses in C-level management, strategy, and leadership.
MBA programs tend to include more introductory courses for those with less managerial experience with the option to specialize in more focused courses, similar to those seen in an EMBA curriculum.
Due to constraints on EMBA candidates’ schedules, EMBA programs also offer more classes on the weekends, on some weeknights, and in more condensed formats.
This results in a program that tends to offer fewer elective options than a typical MBA. However, EMBA cohorts tend to have students from all kinds of backgrounds who bring different experiences, perspectives, and knowledge to the table, which massively enhances the learning experience in its own unique way.
A Master in Business Administration program offers candidates significant monetary returns upon graduation.
While salary increases vary by candidate and industry, according to the 2019 Executive MBA Council Survey, EMBA graduates saw an average salary boost of 13.5%.
While this number is lower compared to MBAs (who by virtue of being younger and earlier in their careers have more to gain in terms of earning potential), the same survey also saw 53% of EMBA candidates reporting that they received more responsibilities, with 40% of those surveyed reporting that they received a promotion during the program.
There’s no doubt that a degree of either type is well worth pursuing.
The skills acquired during study vary by program, depending on the specialties and concentrations chosen, as well as the type of program.
The primary skills gained from an EMBA degree are those related to effective leadership, strategy and corporate governance.
According to the 2019 Executive MBA Council Survey, EMBA graduates reported learning skills that included strategic thinking, decision-making and leadership, in addition to gaining insight into economic factors affecting businesses today, as well as accounting skills and financial acuity. Such skills can help candidates who wish to take their consulting work to the next level, as well as those wanting to move into executive leadership roles and the C-suite within an organization.
The most competitive degrees have gained that reputation by way of the opportunities they afford their graduates, the network and career support. Programs with a strong career network offer candidates avenues to new jobs as well as mentorship opportunities. These are particularly beneficial to students who are hoping to change industry.
MBA and Executive MBA Admission Requirements
Because MBA and EMBA programs tend to attract candidates at different stages of their careers, they often differ in their requirements for admission. For instance, most MBA programs require a bachelor’s degree at a minimum. Whereas EMBA programs require more work experience (typically 10 to 15 years).
Since most Executive MBA candidates already have a strong foundation of business experience,, standardized tests like the GMAT (Graduate Management Assessment Test) are less commonly required for admission.
Conversely, most MBA programs put more emphasis on GMAT scores when reviewing candidates’ eligibility, and, though some programs do waive it, it’s important to know whether you need a GMAT for the MBA as well as the minimum score required to apply. While many Quantic students have taken the GMAT (and scored on par with students at top schools!), it’s not a requirement for admission.
In the MBA world, application essays are also weighted quite heavily in admissions and some applicants might vie for a spot through more creative approaches (some schools even require video essays). And though most global programs are offered in English, students who aren’t native English speakers are often required to get a minimum score on a standardized language test, such as the TOEFL (Test of English as a Foreign Language).
In terms of recommendation letters, both the MBA and EMBA programs often require at least one, if not several. For the Executive MBA, where work-life balance is important, candidates are also required to supply written proof that their current employer actually supports their pursuing the degree. This is true for EMBA applicants who are being sponsored by their employer to study, as well as for those who aren’t, because chances are that candidates will have to do some coordinating with their company (including potentially taking some time off) to complete the program. Quantic’s employer-funded tuition reimbursement program makes this conversation easy with a downloadable guide.
Choosing the Right Program for Your Lifestyle Goals
The delivery format of a business degree can have huge implications for the success of a candidate during their studies as well as beyond graduation.
In-person programs provide the traditional grounding of an academic environment, but this comes at a premium — higher tuition costs, relocation, and putting a budding career on hold to attend full time
Luckily, competitive online programs are on the rise. They are changing the landscape and reducing the barriers to entry. Some programs even incorporate cutting edge technology into their Learning Management Systems. For some candidates this is a better option. It increases their competitiveness in the job market,but doesn’t involve a massive investment of time and money. .
Traditional (On-Campus) MBA/EMBA Programs
Residential programs are a suitable choice for students who wish to be more fully immersed in campus culture.
On-campus programs also offer candidates more opportunities to network and socialize with their cohort, professors, and the wider academic community outside of their structured MBA or EMBA schedule.
Part-Time MBA/EMBA Programs
A part-time program, whether an EMBA or MBA, is best suited to students who wish to continue working while earning their degrees. Coursework for these programs is most often scheduled on weekends and weeknights. Of course, those choosing this option may find they require a high level of discipline, as their “free time” will be largely occupied by coursework.
Those with children or other personal commitments and responsibilities may have to assess their priorities during their course of study to ensure they stay organized.
Online MBA/EMBA Programs
More non-traditional programs, like those delivered online, are gaining popularity, as they offer more flexible schedules and learning environments for the modern student—and with much lower financial barriers.
By removing overhead costs, these programs can offer a valuable curriculum, experienced faculty, and deep industry expertise at a fraction of the cost of an in-person program (and sometimes even free).
By virtue of not being overseen by large regulatory bodies, the curriculum of these programs is often more customized and responsive to the changing needs of industry, and not simply academia.
For example, Quantic EMBA cohorts follow a guided sequence of coursework especially developed by a team of specialists who collaborate with professors from top elite business schools to bring the program to life. Students are offered bite-size lessons and individualized feedback (every eight seconds!) so that they feel supported throughout the course of their studies, in addition to online and in-person group work and networking opportunities that round out the program.
Today’s business professionals are already seeing the signs of a growing remote workforce, heightened interconnectivity, more collaborative tools, and changing operational structures that are altering how we do business globally.
More flexible online-first programs can be seen as an extension of these wider trends and can, simply by virtue of their delivery format, offer candidates unique insights into the evolving contexts of work as well as the skills necessary to succeed as leaders in this changing environment.
Summary: Choose the Right Degree for Your Career Growth
Is a particular MBA or EMBA program right for you?
That’s the fundamental question.
To answer it accurately, you need to look at your own eligibility first and foremost (e.g. career maturity, academic experience and work experience).
After that… you should evaluate your own ability and desire to commit to it.
If you still want to do one, then the delivery format is important.
You now have the choice of online MBA’s, as well as more traditional full time and part time options.
Pick one that works for you.
Your own learning style, lifestyle habits and personal responsibilities and commitments — these things play a large role in what you get out of whatever format you choose.
Not everyone is primed for success right out of the gate.
With every day bringing news of how the COVID-19 pandemic is impacting global health, the economy, travel, and work, an MBA or Executive MBA program shouldn’t cause additional stress. At Quantic, we are fortunate in that our programs and required peer collaborations are entirely online, and our staff is well accustomed to working remotely. As such, our programs will continue without interruption.
We have, however, instituted changes to ensure the safety of our community and to be there to support our students and applicants, as well as the broader global community, in whatever way we can.
As many have been affected financially by the pandemic, we will be increasing both the number of scholarships we award, as well as the amount. We offer both need-based and merit-based scholarships for our Executive MBA. As always, our MBA is completely free to those who are admitted. For additional financial support, please inquire about employer-backed tuition reimbursement here.
Free open courses: We offer several free open courses available to the public. Courses include Business Foundations, as well as a handful of other MBA-level courses like Blue Ocean Strategy. Just sign up and visit your Dashboard to start learning right away.
Extensions or Deferrals: If you are admitted to one of our programs but need an extension or deferral to another cohort due to circumstances related to COVID-19, just let us know and we’ll do everything we can to accommodate.
Events: Until further notice, we have canceled in-person meet-ups and events/conferences. Instead, we’ll host online events to enrich the curriculum and bring students from all cohorts together.
Registrar: If admitted, we request official transcripts from your previous schools. But due to school closures and restricted movement, it may not be possible to obtain transcripts at this time. If this is the case, we will work with you to make alternate arrangements.
For the past seven years, Quantic has been a pioneer of online, mobile-first graduate education, enabling students to learn wherever they are and according to their own schedule. While this is a scary time, we remain optimistic. As many of us in the education sector adapt and shift into roles that solve the challenges we’re all facing, we will continue to leverage our resources and platforms to help our fellow learners.
The following post is by Lindsey Allard (MBA 2016), Co-founder of PlaybookUX, a video-based user feedback solution for B2B companies.
It was 2015, and I had recently graduated from Dartmouth College with a liberal arts degree. I was looking for a way to gain general business knowledge while working as a product manager, and I came across the Quantic School of Business and Technology MBA. During my time in the program, I loved the courses because I was able to learn useful concepts in a short, quiz-like format that fit with my full-time work schedule. I didn’t have to stare at endless textbook passages. Everything was on my smartphone, and I could constantly test myself to ensure the content was committed to memory.
After my Quantic graduation in 2016, I worked as a product manager at a new company. I was leading a team of developers building SaaS products and mobile apps. Product managers are like “mini CEOs”. You need to know a little about a lot of things, and Quantic helped expand my areas of expertise during this point in my career.
After a few years of working at different start-ups, I decided to take the leap and co-found my user research company PlaybookUX with another Quantic alum, Kristen. User research is the process of getting feedback on things like product usability, pricing model, marketing copy, and concepts. By getting direct feedback from your target demographic, you are able to make better product and business decisions. However, as I know from my time as a product manager, the process of conducting user research has big challenges, like being extremely time-consuming and requiring a lot of manual work. And I didn’t see solutions out there that successfully addressed all the problems.
When developing PlaybookUX we sought to solve three main pain points:
Finding the right participants is challenging for B2B companies
Here’s how we solve these pain points with PlaybookUX:
Our product solicits video-based feedback, so that product owners can remotely conduct research, and then easily store and reference video records, ultimately saving them lots of time.
Again on the saving-time front, we do everything from recruiting the right participants, to incentivizing them, transcribing the sessions, and analyzing the videos with A.I. to extract actionable insights.
We have an affordable, pay-for-what-you-use pricing model so that customers don’t need to commit to large subscription fees up-front. This expands access to UX research to start-ups, founders, and small business owners. Previously, they were priced out.
Our testing participants are verified through LinkedIn so businesses know exactly who they’re speaking to.
During the process of launching my company, I leaned on Quantic lessons. Financial topics were always difficult to wrap my head around, and I was able to successfully price our product and build our business model with that in mind.
On top of the valuable knowledge gained from Quantic, I’ve been able to leverage the student network to get in touch with like-minded product managers. The network is a strong supplement to my undergraduate network.
At PlaybookUX our goal is to make user testing accessible to everyone. At the time of this post, we’ve been launching for a few months. It’s been a great few months—with hundreds of clients using our platform. We’ve had success with UX Researchers and Designers, but our goal is to make research easy for Product Managers. In the future, I plan to lean on the Quantic network for advice on growth hacking to take PlaybookUX to the next level.
For years, Chris was convinced that gaining an MBA from a top business school would lead to guaranteed success and happiness. In the end, he turned his acceptance down.
The following is a guest post from Chris Queen, a Smartly MBA graduate and small animal veterinarian living and working in Dubai. Chris is a massive, self-proclaimed nerd, interested in the power of technology, including virtual and augmented reality, to revolutionize education. When he isn’t caring for pets or writing, he can be found running, swimming and cycling towards his next Ironman race or jumping from a perfectly good plane in the name of skydiving. Chris’ blog can be found at www.thenerdyvet.com and he can be found on Twitter at @thenerdyvet
For years, I was convinced that gaining an MBA from a top business school would lead to guaranteed success and happiness.
After all, they take in ambitious, creative, entrepreneurial types and spit out brand new Masters of the Universe at the other end, all guaranteed to progress on to business success, right?! Cue the all too familiar gauntlet of GMAT tests, poring over school brochures and websites, campus visits, ‘meet-and-greets’, and the endless hours of application preparation and submission, each costing on average about $150. In total, I have easily spent in excess of $4,000 simply getting to the stage of hitting the ‘submit’ button on various applications.
I am a small animal veterinarian and I’m at the stage in my career, and life, where I am acutely aware of the question, “Where am I going next?” Not completely enamoured of the usual, predictable and ‘safe’ options, and, to be perfectly honest, somewhat disillusioned with much of my current profession, I looked towards an MBA as being the answer. I have entrepreneurial ambitions, specifically within the tech sector, and so it seemed logical that formal business training, with the plethora of additional advantages that attending a top school offers, was exactly what was called for. I know for a fact that I would find the experience of spending 1-2 years in a major seat of learning and culture with equally ambitious sorts from all corners of the globe a wonderful one indeed. And so it was that my journey to business school began.
Coming from a non-traditional ‘quantitative’ career such as veterinary medicine, I was keen to bolster my familiarity with the core MBA curriculum and came across the Smartly app. Instantly drawn into the simple, immersive, bite-sized, and beautifully presented lessons that had a fun, game-like feel I found myself a dedicated user, powering through all of the available lessons and eagerly awaiting any new material developed by the Pedago team. It was, therefore, an easy decision to put my hand in my pocket and pay for the service* when the full version went live. It was that good!
Fast forward to earlier this year: I finally had that which I had been fixated on for so long: an offer from a top school! So what I did next took a lot of thought…
I turned my acceptance down!
The principle reason for this huge decision was simply the prohibitively inflated cost of studying for an MBA, with my projected expense easily looking to be in the region of $120,000 once the $90,000 of tuition was added to reasonable living expenses. Whilst it is no secret what the cost of an MBA is when students apply, such numbers seem unreal until such time that you are staring at a loan agreement. ROI uncertainty and the realities of staggering debt to pursue my dream aside, I had to really ask myself if there was another way to obtain the same level of top MBA knowledge without bankrupting myself. Smartly once again came onto the scene offering a full MBA degree, with its clear curriculum, simple and intuitive interface and impressive catalogue of ever-expanding content. Oh, and it’s significantly more attractive price tag! With my application submitted I now eagerly await their decision on whether I shall be one of those admitted to their new online MBA.