How to Build an Executive Leadership Development Plan

Running a company involves far more than just availing a specific good or service to the public. Indeed, it also requires more than simply convincing customers of your suitability and branding.

To make your business sustainable in a highly volatile marketplace and ensure profits and longevity, your company – like all businesses – requires strategic leadership.

And the impact here can hardly be overstated. Leadership development is a multi-billion-dollar industry with countless schools, experts, and programs, and discourse awash with theories and models meant to suit businesses of all scales.

Why?

Well, it’s quite simple. Focused leadership demands long-term thinking about market needs, consumer needs, employee productivity, and of course, profits. Which, in turn, demands an important conceptual tool: a leadership plan.

What Is a Leadership Development Plan?

Understanding Executive Development Plans

Simply put, leadership development involves the adoption of certain activities in your company to improve the quality of its leadership and labor competency.

It’s the process of equipping supervisory and managerial staff with the skills and conceptual tools needed to see themselves towards sustainable profitability and success. Generating this kind of positive change within a company’s inner workings requires a well-defined plan. A leadership growth plan.

There are plenty of elements involved in such a plan, as we’re about to see, but first — some stats.

A recent survey report by PriceWaterHouseCoopers established that:

The same survey also established that while those at the helm displayed an abundance of critical thought when it came to the more analytical aspects of company management — they lacked severely in the emotional quotient department.

That is to say, they personally lacked the necessary tools to “get through” to their teams by painting as clear a picture as possible of their company vision

Most companies, even those with a solid profit record, experience substantial setbacks — particularly during periods of change (internal or external) — if not steered by well-equipped leaders.

If you’re interested in placing yourself at a competitive vantage, a leadership plan is a vital flag you need to plant to meet both human and strategic company needs. 

And, there are many potential payoffs of adopting a strategic plan within your company.

Why Is a Leadership Growth Plan So Important?

It Leads to Better Fiscal Performance

A growth plan adopted by business departments with able leaders is bound to result in better fiscal performance — the spoils of which can then be reinvested into the company.

Likewise, a well-structured leadership, innovation, and decision-making strategy is a necessary tool for senior executive management to drive up the likelihood of a company’s success. 

While it’s important to map out the right business strategy or program, both these strategies will work for any organizational structure. And they work even better when adopted simultaneously. 

In taking the time to understand what your organization needs from its leaders, you will better understand the business strategy that works best for you. These two strategies go hand-in-hand: developing one will help in achieving the other. 

Regardless of your field of business, all companies are bound to reap heavily from cultivating leadership skills within their organization and prioritizing leadership in their company culture. Senior executive leaders who have the right innovation and strategy skills inspire the same in their workforce.

It Leads to More Hands-on, Agile Corporate Management

A company with effective executive/senior management can wade through the commercial environment, complex and dynamic as it is, and come up with quick and effective solutions to problems as they arise. 

Executive leadership development equips leaders to think on their feet and adapt to an ever-changing corporate environment. 

It Helps Attract, Retain and Motivate Your Workforce

A well-structured executive leadership plan inspires active engagement from your staff. 

Well-trained senior executives are more likely to attract, keep, and appropriately remunerate a talented workforce — resulting in consistent satisfaction among staff. 

Further, an innovation and vision plan executed with the employee in mind will inspire loyalty among staff. This is particularly true of programs that provide growth opportunities for the more academically-inclined members of staff. 

An executive leadership plan that fosters appropriate communication channels within teams is bound to scale up profits within a company. 

Which is why it’s so important to foster a team of executives that can attract and retain a worthwhile workforce. 

It Facilitates Internal & External Company Communication

A company’s communication channels determine how quickly deadlines can be met, problems solved, and plans made good on. 

When your executive management team makes active steps to foster a marketplace of ideas — your company will benefit from faster task execution, a spike in production, and a more satisfied workforce. 

Moreover, the positive engagement and morale within your workforce are more likely to flow through to your customers. 

What Are the Goals of an Effective Executive Leadership Plan?

Heighten a Manager’s Sense of Responsibility

The mark of a worthy leader lies in their ability to account for their deeds (and the subsequent consequences). In short: their responsibility

This means that they can examine the outcomes of their decisions and appreciate the lessons gleaned from both success and failure. 

A leadership plan will also foster the ability to stand back and objectively assess and learn from the effects of their decisions — whether positive or negative. 

Instill Self-discipline Within Trainees 

A well-trained leader knows that tough decisions directly affecting the bottom line should ultimately benefit the company or organization rather than the individual. 

Yet another mark of sustainable executive leadership is the ability to reflectively assess all available options. And, using the right metrics and criteria, to objectively choose what’s really best for the company. 

Foster Active Communication Within the Organization

Pro-tip: Incredible ideas and hands-on mentorship won’t do you much good if your leadership’s communication is sub-par.

But the thing is, gaining the right communication skills is an endeavour that needs effort and time. 

But when adequately honed, your skills should equip you to understand how and when to use persuasion, build a rapport with your staff, understanding when and how to exercise persuasion, as well as improve conflict resolution skills.

Also, it’s vital to cultivate listening culture at the topmost rungs of company leadership. Each team member can offer the management important input that can bear directly on everyday company decisions. 

Active listening coupled with a well-cultivated space for discussion in a company will do you more good than you’d think. 

Add More Conceptual Knowledge on Executive Leadership

Leaders must be generally well-rounded; they ought to have a diverse set of skills across many competences. 

A leader who is willing to take the time to learn new fields, especially those that might not necessarily directly relate to their mandate, will certainly have an edge over most other companies and will be able to solve problems in an agile and creative way.

Improve the Trainee’s Inner Clock

The most ineffective leader is hands down the sort that can’t keep to a schedule; that’s are constantly running late on deadlines. 

A leader who is able, on the other hand, to make and stick to strict time frames is automatically a good template on which the rest of the team can model a work ethic. 

Promote a Work Environment That Fosters Mentorship

Yet another important attribute of a good leader is to foster leadership in others. 

A well-trained leader should be able to hone these skills in staff members and foster a culture of leadership development culture within the company. 

Possible ways to achieve this could be: soliciting for feedback, coaching, and imparting staff with precise skills for challenging workloads. 

Instill a Sense of Long-term Strategizing 

Two words. Analytical thinking. Good teamwork and effective problem-solving require a leader who is able to factor in the entire team in the long-term — not only immediately, but at the end as well. 

Together with the preceding points, these goals will help you determine the precise training and plans that ought to be most effective for your company. 

Examples of Leadership Development Programs/Executive Education Programs

Here are some methods of executing your leadership development plan:

Interpersonal Skills: Conferences for Executives

To cultivate a team of workers with vision in your company, you’ll need to invest in your leaders. One way of doing this is providing them with access to events and conferences that provide skills training on delegation and strategic decision-making. 

Indeed, this is the sort of thing that demands resources, both monetary and temporal, but any company that wishes to reap the benefits of a motivated and well-equipped labor force would be well advised to invest in this kind of  immersive vision and learning experience.

Other examples of suchlike leadership training events include general presentations, conference intensives, and breakout forums. These will give your company staff a chance to hone their communication, relationship and interpersonal skills. 

Strategic Exposure: Meetings, University Classes & Workshops

A well-governed company needs to be managed by a visible and involved leadership team. What this means is, leaders ought to seek out ways of applying their supervisory skills. They can do this by seeking out forums that can earn them exposure, both outside and inside the organisation. 

Your leaders must be publicly visible, but that’s often a big responsibility when they have so much on their plates already. Strategically seek out opportunities for your leaders to gain exposure. Help your leaders get used to the exposure required when spearheading company projects, both inside and outside the organization. 

What this kind of leadership exposure does is, it provides senior managers with the skills needed to address staff members publicly and give them valuable feedback when need arises. Eligible staff include corporate heads, board members, and other rank employees alike. 

Micro-Mentoring & Coaching Programs

If you specifically want to nurture a mentorship culture within your organisation, here’s an executive leadership development plan that you should definitely consider adopting: micro-mentoring. 

The objective is simple: to balance out the gradient in skills and empirical experience inherent in any workforce, only this time it works in an objective-specific and time-specific way. 

Key areas of focus depend, of course, on specialty, expertise, and the specific aspects of leadership that your company is most in need of, and are inculcated through workshops, volunteer projects, leading events, and micro-mentorship initiatives. 

Implemented with consistency, these grow into your organisation’s ethos and promote individual growth and vision.

Adoption of Interactive eLearning 

With online business tools being what they are today, peak efficient and diverse, leadership training has never been easier. 

The technical ease with which even remote-based companies can conduct interactive leadership training sessions makes this an excellent place to start for any reasonable team of corporates looking for options. 

eLearning not only enhances cohesion in an organisation, it equips workers with the necessary skills needed to monitor, motivate, get feedback from and incentive staff teams. 

Whether interactive questionnaires or scheduled video classes, eLearning tools have the ability to elaborate on a company’s objectives in all departments, with ease. 

Interactive eLearning is also an excellent way to instill in your leaders a lasting sense of feedback analysis, allowing them to carefully analyse problems and decisions when the need arises.

Community-Involved Training 

An executive leadership plan should also make a point of affording your leaders an opportunity to make a positive contribution in their nearby community. 

A well-run organisation knows that leadership doesn’t cease when everyone checks out after a good day’s work. On the contrary, community projects are essential for your organisation’s local reputation and it will help reinforce a positive moral ethos in your leaders. 

Allowing your leaders to do pro-bono work; allowing them to take up projects that involve local charitable communities; all these things go a long way towards giving your leaders actionable hands-on experience. 

Creating Your Leadership Development Plan from Scratch

Drafting the Executive Leadership Plan

The first thing to keep in mind when building an executive leadership plan is that it ought to bear relevance to leaders at every level of your company. This ensures your leaders are always performing optimally. 

The Ariel Group, which has co-drafted executive education plans across many industries for over twenty-five years, lists six important steps for drafting an executive education action plan and measuring its success.

Here’s where you should start:

  • Outline the most important leadership qualities

You will do this by writing a list of the leadership skills, abilities and competencies that ought to be embodied by a great leader. Afterwards, you should solicit senior leadership management for feedback about the drafted list in order to find out which skills are most needed for your organisation.

  • Focus on core objectives

Here, you need to outline the primary business goals you are focused on achieving in an easy but thorough manner. For instance, an objective could be: To achieve a 25% increase in total sales after two quarters.

  • Assess the requisite leadership skills 

Here, you need to identify the precise skills and talents that need to be cultivated at your organisation, so that it can meet key business objectives. The way to do this is to conduct a leadership skills assessment. 

You will achieve this by speaking with leaders to find out what they feel they need to be more successful, as well as gathering insights from staff teams regarding their leaders. 

The requisite feedback can then be gathered through a range of different mediums: face-to-face feedback, administering questionnaires, email, and anonymous feedback. 

  • Develop a list of executive education objectives

Here, you will use the format adopted in the skills assessment as well as the feedback gained about the most needed skills in your company. 

And from this you will draft a list of outcomes that you envision for your development plan. 

  • Identify the best methods to achieve your leadership action plan objectives

Some things you should consider when deciding upon your preferred method of execution of your leadership development plan objectives include: selecting the right content as well as the right training criteria. Be it group coaching, one-on-one coaching, in-person teaching, self-paced asynchronous training, or virtual classrooms. 

You might perhaps find it more efficient to invite a third-party consultant that specifically deals in  leadership development programs of your sort. They’re usually better equipped to quickly find the right content and formats for the training programme. 

  • Measure the effectiveness of your leadership development plan

It is vital that you have a precise criteria in place for measuring the eventual effectiveness of your leadership development plan. 

Likewise, your employees are a vital asset in feedback analysis. Their sentiment will help you determine the overall progress of the departments in which the executive plan has been adopted. 

Your Leadership Development Plan: a Useful Template

For a quick peek at how you should plan out your program, check out this template. 

Get Your Head Start at Quantic

Quantic is an excellent avenue for leadership programs tailored for all business owners, both aspiring and established.

Our courses are well-regarded among some of the most reputable hirers — and that is exactly why they’re included in most tuition reimbursement programs. 

Some companies that have leveraged Quantic’s tuition reimbursement program include: 

  • American Express
  • WeWork
  • S&P Global
  • Grant Thornton
  • Farmers Insurance

Why, you ask? Well, the reasons are quite simple.

  • Quantic’s programs enhance company talent

Our MBA is bound to elevate your top current and potential leaders, upgrading their performance to more senior roles to support your company growth.

  • We are fast and flexible and our courses lead to higher retention

Invest in your top employees to signal your confidence in their potential and your commitment to their success; you’ll cultivate loyalty and retain them longer.

  • We offer a high ROI and affordable tuition

Primarily delivered online, our best-in-class MBA programs are designed to provide incredible learning at a fraction of the cost of traditional top business school programs.

  • And, of course, we offer an up-to-date accredited degree

Quantic Trailblazers: Iditarod Musher Paige Drobny

Executive MBA Student, Paige Drobny, was born with a love of animals. Her parents couldn’t keep the frogs and crickets and small animals out of the house. She got her first pet, a cat, at the age of three and there were a slew of house pets and barn animals that came after that. Fast forward to 2021, and she is now competing in her seventh Iditarod with a team of incredible sled dogs. 

“I never heard of the Iditarod when I was a kid,” says Paige. “I never dreamt about going up north. It never occurred to me that I wanted to race and I never thought I would be doing this, but I was always drawn to the outdoors.”

Paige’s love and respect for the outdoors has only grown stronger since she moved to Alaska in 2001. She loves the wilderness and wouldn’t want to live anywhere else. Since the state has eight to nine months of winter each year, residents need to find ways to keep active in the snowy season. That’s when Paige first discovered dog sledding. 

“Fairbanks is unique because many people have small recreational kennels,” says Paige. “Most people I know have dog sleds. It’s a way for people to get around and get out.” The first time Paige contemplated getting on a sled is when her husband and business partner, Cody Straith, made her one for Christmas.

“I gave it to her for Christmas and said ‘maybe we can get some more dogs,’” says Cody. “I went to visit my family a week before the holiday and when I came back she had already gotten three more dogs. Then we could officially use the sled.” 

“We actually talked about dog sledding in retirement,” laughs Paige. “We thought it would be a way to stay active when we were older. I always wanted a ton of dogs. We attached them to the sled and off we went. I was hooked from the get go.”

Since that first moment of jumping on a sled, Paige has become an extremely accomplished musher. Besides this being her seventh Iditarod competition, she is also a five time Yukon Quest and Copper Basin Musher.

“I knew Paige was a driven athlete back in 2010,” explains Cody. “She had just finished her first 300-mile race. She got to the finish line and just wanted to keep going. She was just having a great time and wanted to continue.” 

Paige’s ambition is apparent both on and off the sled. She is the owner and operator of Spearfish Research, where she is a biological consultant, and her and Cody run a successful kennel, dubbed Squid Acres, an homage to Paige’s work consulting for fisheries. The couple purchased a lodge off the Denali Highway (one of the most remote and scenic highways in the world), and are expanding their business into a high-end tourism retreat where people can learn about sled dogs and the Alaskan environment. “We’re on thousands of acres of wilderness. We can show people the real Alaska,” says Paige. 

To get her new venture off the ground, she needed to equip herself with a strong foundation of business development and operations. She needed an MBA education, but needed a program that would be flexible enough to accommodate her chaotic schedule. That’s when Quantic came into the picture: “I wouldn’t be doing an MBA if it wasn’t for Quantic. I love Alaska and I have 50 sled dogs that I can’t leave. Being able to stay home and take care of my dogs, and run my other businesses, wouldn’t be possible without the mobile platform.”

Both Cody and Paige have a background in science. Since joining Quantic in October 2020, the courses have already helped Paige with the accounting side of her new business, and she’s looking forward to learning more about marketing. Always eager for a new challenge, Paige admits, “I’m really excited for the marketing course. It’s not my skill set at all. Business Law, too, I’m excited to learn about the proper way to expand in this new industry.” 

Being a newcomer to the tourism industry doesn’t faze Paige, in fact, she says it excites her. And if mushing has taught her anything, it’s that no challenge or obstacle is insurmountable. “Running dogs can be chaotic. There are new obstacles all the time. You need to be calm, cool, and collected. You can’t dwell on the missed corners and wrong turns, you have to learn your lessons and apply them the next day. The business world is the same. You learn from your mistakes and succeed.” 

It’s safe to say the dogs instill a sense of positivity in Paige’s racing and, in general, influence her optimistic outlook on life. “Living with dogs is just one giant lesson. I learn something from them every day. They’re happy, they live in the moment, and every day is exciting, and offers new opportunities. When you hang out with a bunch of dogs, you can’t have a bad day.”

The 2021 Iditarod kicks off tomorrow morning, Sunday, March 7. This year’s multi-day sled dog race across Alaska has some major changes planned, due to the COVID-19 pandemic, but as always, Paige is ready to roll with the punches. Participants in this year’s 860-mile course will instead race in a loop that begins outside of Anchorage and eliminates many of the stops traditionally required in previous Iditarod races. The teams will travel from Deshka Landing to Flat and then loop back around and return the same way they came, rather than continuing northwest toward Nome.


The Quantic community is excited to cheer on Paige and with her positive attitude and determination, we know she is going to be the leader of the pack. Be sure to follow Paige’s race journey on our social channels. We’ll be tracking her progress and hearing from her throughout the course!

The Benefits of an MBA for Startups and Entrepreneurs

Common folklore surrounding what it takes to start a business is awash with one familiar motif: the dropout-turned-billionaire entrepreneur. 

Indeed, when enterprising individuals come of age and start contemplating business ideas, their dreams often adopt this narrative.

For a long time now, a contrast has been cast between two groups of people. In one corner, those who spend a significant part of their lives furnishing their educational backgrounds. And in the other, those who choose to act on their entrepreneurial dreams.

Still, many aspiring business owners have pursued a Master of Business Administration. They’ve done this to better equip themselves in their role as startup runners.

The evidence supporting this trend goes beyond the anecdotal. 

For this reason, we think it’s important to understand what use an MBA could be to those in the startup world — whether well established or still aspiring. 

Is an MBA Worth it?

What’s the Remuneration Like as an MBA Holder?

First off, is getting an MBA worthwhile to your earnings? 

QS World Rankings conducted a survey to assess the revenues earned by entrepreneurs holding an MBA. The pay averaged $106,000 per annum, without aggregation across regions.

Here’s a more specific lowdown of the yearly revenue across countries:

  • USA: US$ 102,100 per annum
  • Italy: US$ 86,400 per annum
  • France: US$ 98,500 per annum
  • Germany: US$ 77,200 per annum
  • Switzerland: US$ 123,500 per annum
  • The UK: US$ 92,400 per annum
  • Singapore: US$ 82,700 per annum
  • Australia: US$ 98,400 per annum
  • Canada: US$ 99,800 per annum

Promising, no? It even makes the prospect of repaying your tuition loan a little more plausible.

But here’s the rub: Pursuing an MBA is quite an investment. The fees can get pretty steep. 

Especially if you opt for an ivy league school — most of which offer a curriculum no different than any other university.

That said, the investment of pursuing an MBA is worth it. And to prove this, we’ll look at five of the world’s most renowned MBA holders.

Four of The World’s Most Renowned MBAs

Michael Bloomberg

An American philanthropist, former politician, and business magnate, Michael Rubens Bloomberg is well known within entrepreneurial circles. 

He’s the sole owner and founder of Bloomberg LP, a company that supplies financial data to investment companies and other entities.

He currently has a net worth of $40 billion and earned his MBA in 1966.

Phil Knight

Are you filled with gratitude for your Nikes and have perhaps wondered in the past who to thank? 

This is the guy. 

To say that Phil Knight’s shoe brand has been successful is quite an understatement. It started as a small shoe retail outlet in 1964. And under his long stewardship, it has grown into a billion-dollar conglomerate.

As an individual, Phil Knight is worth well over $45 billion. He owes his business acumen at least partly to his MBA, which he acquired in 1966. 

Melinda Gates

Perhaps one of the world’s most well-known philanthropists, Melinda Gates has carved out her niche within the business management world. 

She graduated with an MBA in 1987. Since then, she has worked with Microsoft and the charitable startups she co-chairs, including the Bill and Melinda Gates Foundation. There’s a long list of entities to which she has dedicated her entrepreneurial expertise.

Tim Cook

Tim Cook took up the role of Apple CEO following founder Steve Jobs in 2011. Those were some pretty big shoes to fill, to say the least.

Since then, he’s not only made good on Jobs’ vision for the largest tech conglomerate in the world — he has also steered Apple away from ethically grey manufacturing practices. 

He’s been featured multiple times on the list of Fortune 500 CEOs. And is well known as a torchbearer for equality and civil and LGBT rights within the mainstream tech world. 

Important Things to Consider Before Enrolling in Business Schools 

How Long Is the Program?

The length of your program determines how quickly you will resume your entrepreneurial work. It also determines the density of your course requirements.

In colleges with shorter entrepreneurship MBA programs, students will typically spend six hours per day studying in class. While in programs of standard length students will typically spend half that: approximately three hours.

Though it varies between colleges, an MBA program runs for an average of between 11 and 16 months. 

Where Is the Business School Located?

Your location determines the availability of your chosen specialization and the quality of education you have access to. 

Indeed, a UK citizen residing in the capital will enjoy access to top business courses. Just as a Californian seeking to do a tech MBA will benefit immensely exactly where they live.

That said, there is still a lot to reap from living in a more rural environment. 

Does the Tuition Cost to Return-on-Investment Look Favorable?

When assessing the return on investment of such an important financial decision, it’s vital to think beyond the prospect of revenue.

Sure, it’s important to choose an MBA in entrepreneurship program with a sustainable tuition tag. But the applications of an entrepreneurship MBA towards running your business are, in large part, analytical. And therefore individual.

Unlike MBA students looking to enter the job market, your goals are directed towards starting a business. And eventually, making everyday entrepreneurial decisions.

What Are Your Strengths and Interests?

There are numerous MBA specialization areas.

Think of it like this: If you can start a business in a subject, it can be studied and mastered. Finance. Tech. Textile design and manufacturing. Financial accounting and consultancy. Legal management; you name it.

It’s essential to have some idea of what your interests are. Which, of course, will almost always be wholly determined by your specific field of business.

Best MBA Programs

In addition to an MBA for entrepreneurship, there are several other specialized fields to choose from:

  • IT (Information Technology)
  • International Business
  • Corporate Management
  • Marketing 
  • Finance 
  • Operations Management

Jobs for Entrepreneurs with MBAs

The jobs most suited and most accessible by MBA graduates include:

  • Financial Consultant/Analyst – manages the firm’s accounting department and advises proprietors
  • Marketing Manager – oversees advertisement development and product marketing strategies
  • Research Manager – helps in budgeting, business plan formulation, and overseeing research projects
  • Non-Profit Manager – organizes events to raise funds for various causes
  • IT Department Head – managees developer teams; delegates and supervises business tasks
  • Human Resource Manager — coordinates staff issues for startups, both internal and contracted

MBA for Entrepreneurship vs Actual Entrepreneurship: Myths Dispelled

Myth #1: You Must Pick One Path: School or Entrepreneurship

Ah yes. So the fallacy goes. While the rest of the world trudges on with actual entrepreneurial work, MBA students extricate themselves. For two years, they’re fed all there is to know about starting and running a new business.

But on closer inspection, this contrast of school vs. experience is not entirely valid. The theory comes tainted from the source. 

For one, the first most important requirement for an entrepreneur is, and will always be, an appetite for prudent, calculated risk.

A decent case can be made that you’d be in a sufficient fiscal position after finishing your degree to start and run a new business. 

About this question of time and value, Seth Godin says

Myth #2: Traditional MBA Programs Trump Online MBA Programs

Not so. Truth is, many graduate business students set their sights only on a traditional, on-campus MBA at a brick-and-mortar school. 

If we allow for a grander comparison, 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. 

Here at Quantic, we offer both an innovative free online program as well as an online executive program.

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 — of which Quantic is a top contributor. 

With two accredited, highly selective business degree programs — the free MBA and radically affordable Executive MBA — Quantic’s MBA programs are reliably well-reviewed and readily available online. 

Online MBA Pros

The biggest reason that many entrepreneurs choose an online MBA is for the flexibility. Unlike traditional MBA programs, most online graduate business degrees allow you to work on your own time from anywhere.

Online MBA Cons

One disadvantage of an online MBA program is a lack of in-person community and connection.

MBA students often benefit from in-person conversations with peers and instructors. And that’s both in terms of academic collaboration and socializing. Fortunately, the Executive MBA also offers multiple weekend-long conferences held in cities around the world.

Traditional MBA Pros

In traditional business schools, MBA programs often appeal to students who want a little more hands-on guidance. 

Fresh undergraduates from top business schools might prefer the additional in-person attention. At least that which is offered by a brick-and-mortar school, as well as the familiar daily routine of face-to-face classes. 

Traditional MBA Cons

Of course, the most significant disadvantage of on-campus MBA programs is the lack of flexibility. 

Say you have a family at home, existing business obligations, or a burgeoning career. For these students, it can be difficult to justify starting a full-time MBA program.

Traditional business schools offering MBAs also tend to host younger students on average and there aren’t as many international students at any given on-campus program. 

Benefits of an MBA

At its most efficacious, an MBA will equip its holder with an exhaustive, well-rounded set of entrepreneurial tools. 

Here’s what you can expect to gain from an MBA: 

Firm Conceptual Foundation to Start & Run Your Business

MBAs are meant for aspiring corporate climbers just as much as aspiring entrepreneurs. And its core units are designed with either end in mind. 

An MBA is as credible a tag as you can earn to validate your ability to steer businesses in any (and more) of these fields. And that’s regardless of your eventual course of trade. Whether mechanical operations, marketing and branding, financial services, communications, corporate law, even IT.

A recent study that profiled nearly 40 new businesses reliably found that, of those started within the past decade or so, at least 33% had an MBA-holding founder.

Essential Skills and Insights for Entrepreneurship and Innovation

The world is awash with people hiding truly innovative ideas. The trouble is that most people lack the basic knowledge needed to be competitive in the real world.

An MBA will serve the crucial role of equipping you with the right know-how to see your ideas to fruition. Specifically, that which is needed to manipulate the market, find a niche and make it sustainably profitable.

Indeed, like most other fields, entrepreneurial knowledge is a priori — the concepts are testable, predictable, and hence actionable. And an MBA will go a long way in giving you the innate ability to pattern out your businesses’ course in just this way.

Practical Communication, Leadership, and Problem Solving Skills

There’s no other way to make something meaningful out of your new businesses — you need the ability to communicate efficiently. 

Regardless of your line of trade, if you do indeed want to accrue enough venture capital to bring your business ideas into fruition, you need to learn how to convince investors of the soundness of your product, service, or business plan. 

Additionally, as a startup founder, you will need to learn how to manage teams of workers. And just as well, you’ll need the conceptual tools needed to understand the scale of a problem, scope out its dimensions, and determine how best to tackle it. 

With an MBA from Quantic, you will gain the skills of interpersonal communication, teamwork and collaboration, adaptive thinking — and that’s just some of the tools in the MBA’s holster.

Extra Academic Credentials and International Experience to Appeal to Potential Investors and Partners

If you opt to enroll in either one of Quantic’s two MBA programs, it’s an excellent step towards making a credible case for your worth in the international business market. 

An MBA is not only universally recognized as a valuable credential by investors you will eventually pitch to. But it’s also a mark of global exposure and evidence of compatibility with most business environments worldwide. 

Get Started With Your MBA at Quantic

While an MBA is impactful, it’s essential to recognize that it is not a replacement to a business’s uniquely crucial requirements: the confidence to take necessary risks. Nor will it furnish you with the passion needed to see an idea through the inevitable successes and pitfalls.

What it will do, however, is take your leadership skills to the next level. All while building connections in a global community of high-achieving classmates and alumni. 

Quantic’s online MBA program can serve as a game-changer in your business career, and we’re not the only ones saying it

Our premier 13-month degree program is designed for mid-career professionals. It integrates collaborative group projects with our rigorous MBA curriculum and is enhanced with specializations in management, leadership, and advanced strategy. 

And you don’t have to take it from us. Vay Cao, alumni of Quantic Business School and founder of Free the PhD, an advocacy and career development platform for PhDs, has very interesting things to say about her time at our campus. Check out this case study we conducted on her work and startup.

Should I Get an MBA? The True Cost and Benefits of Getting an MBA

MBAs are not for the faint of heart, but they’re more accessible than ever to those up for undertaking this impressive achievement. Thanks to changes in the business world and the nature of education, you have more options to consider when selecting a program.

While the MBA is the ultimate degree in the business world, not all programs are created equal. 

Before you hit the button to apply, make sure you’ve adequately weighed the pros and cons of each option by:

  • Calculating the true ROI of the program
  • Uncovering the real value of the specific degrees offered
  • Identifying what features you need in a program

We’ll show you how to do all three, and provide plenty of other pointers along the way. Let’s dive right in.

How to Calculate the True ROI of an MBA

If you’re looking into different MBA programs, you will notice various discussions about what the “ROI” of an MBA looks like. 

The good news? No matter what area of business you decide to enter, an MBA pays off. You’ll see a return on your investment over the long-run – guaranteed. However, not all MBA programs are created equal, and not all calculate their ROI by including the full value that the program or school offers. 

According to The Princeton Review, the most common way that schools calculate the ROI of their MBA is how long it takes each student to recoup the cost of the program itself. For example, if an MBA program from a major school costs you $50,000 and you land a $100,000 salaried position with it, then that’s considered an extremely high return on your investment because you’ll recoup your costs in a year. In contrast, if it costs you $50,000, but you land a job that pays only $65,000, you may spend five or six years recapturing your expenses. That leads to a lower ROI.

By that logic, the cheaper the program, the greater the ROI – but we all know that isn’t true. 

The return on your investment analysis should also consider opportunities and costs. As you peruse programs, ask yourself about:

  • Career sacrifices: Do I have to stop working to pursue this program? If so, how much will that affect me?
  • Networking opportunities: Will this program allow me to access high-caliber connections in the business world, thereby accessing quality career opportunities? 
  • Electives and specialties: Is the program teaching me the basics, or will I have the chance to take elective courses that help me develop transferable skills?
  • Program match: Is the program appropriate to my specific career path, or is it too basic or too advanced? 

Imagine arriving at your new program only to discover that your professors assume you have certain business expertise that you don’t, or that the career network is non-existent. A program that’s a bad fit for you is just as worthless as a low-quality program that doesn’t give you the skills you need.

With these, you’ll have a better sense of whether a specific program worth it to you. 

The Benefits of Getting an MBA

An MBA can convey several expected and unexpected benefits. In addition to more earning power and access to more high-powered jobs, you will enjoy:

  • A more extensive network of colleagues and friends. An MBA program is a great place to meet connections from all around the world, even your next business partner. (Yelp, OkCupid, and GrubHub were all started by people who met in MBA programs.) 
  • Differentiation in the job market. Depending on your industry, an MBA will set you apart from the competition, presenting you as a strong candidate for your dream job.
  • Improved communication skills. You’ll learn how to communicate professionally, developing better relationships with your bosses, colleagues, or employees.
  • A re-energized career. If you’re feeling stuck in a rut and burned out, an MBA can help you access opportunities that previously stood out of reach. In addition to business acumen, you’ll gain transferable skills that let you be more productive at work.
  • Better job security. Possessing an MBA makes you a more valued member of any team. That translates to a decreased likelihood of losing your job in a turbulent market and helps reduce the time between jobs.

The Hidden Value of an MBA in Today’s Market

In 2019, some of the most prominent schools in the U.S. reported plummeting enrollment rates in their MBA programs. During the same time, tech fields of every stripe represent some of the fastest-growing job markets, and schools report no shortage of applications to their STEM programs.

This trend towards technology-oriented degrees and jobs has left some people asking if MBAs have grown outdated.

They haven’t. 

According to the 2018 Corporate Recruiters Survey, 85 percent of businesses in the U.S. expected to hire an MBA graduate. 

Why Companies Value Employees with MBAs

An MBA does more than just impart practical business knowledge. Companies actively seek out MBA graduates because they:

  • See the big picture. MBA graduates leave school with a mature perspective on business, which makes them useful for understanding things like market context and competition.
  • Think long-term. They know how to plan and how to analyze the ways that actions today will impact tomorrow. (That’s critical if you ever want to become a COO, for example.)
  • Lead teams. MBA students have ample opportunities to develop their leadership skills through real-world projects and internships, making them effective leaders in the workplace.
  • Possess diverse and qualified connections. It’s not just the graduates who benefit from career networks – employers can also tap into the relationships their employees have formed.

Do I Need an MBA to Become an Executive?

No, but it can represent a significant competitive advantage. At least 40 percent of Fortune 500 CEOs sport an MBA on their resume. 

Is an MBA Necessary for Marketing, Finance, Operations, or Engineering?

Increasingly, yes! 

Professionals who come from technical backgrounds like computer science or engineering often overlook MBAs. However, if you’re looking to become a Chief Technical Officer or a Chief Financial Officer, an MBA can prove a powerful combination with your technical degrees and significantly improve the odds of being selected to serve on a board.

What’s the Best Age to Get an MBA?

The best time to get an MBA is after you have some work experience under your belt. 

According to Vanderbilt University, the average age of MBA students is around 28, but it’s not uncommon to see slightly older candidates in programs. According to UCLA, the average age for executive MBA programs is 36.

What Type of MBA Should I Get?

Professionals pursuing MBAs have more options than ever before. That’s great news if you’re trying to find a program that matches your lifestyle and current career demands. In general, you’ve got five options:

1. Traditional MBAs. If you like structure and the hands-on experience of being in a classroom, the traditional MBA is for you. Many people are also attracted to them because of their networking potential.

2. Online MBAs. Competitive online MBAs are increasing in popularity. They’re convenient, especially if you prefer to keep working, but want to go to school full-time. Many now even offer career networking opportunities to connect digitally with your peers.

3. Accelerated MBAs. In an accelerated program, you may take classes right through the summer or take many classes online. Your winter and spring breaks will also be shorter, but you’ll complete the program faster.

4. Part-Time MBAs. Part-time MBAs allow students to keep working while enjoying the structure of a classroom. They often include evening classes and may take longer to complete.

5. Executive MBAs. If you’re already mid-career and are ready to take your next step, an EMBA might be for you. Here’s a closer look at this program geared towards those aspiring to reach executive levels.

Your most significant decision lies in choosing between traditional or online MBAs. We’ve got a few thoughts on that.

How Much Does an MBA Cost?

According to Poets & Quants, the average cost of a traditional MBA program ranges between $50,000 and $80,000 – with nine schools in the U.S. exceeding $200,000 for their programs.

Many major universities also offer very competitive online MBAs. In-state tuition often ranges around $15,000, while out of state tuition averages about twice that amount.

Currently, QUANTIC offers an accredited MBA program online for free. This hyper-competitive program is worth considering if you’re seeking a high-caliber education that offers flexibility and rigor. We also offer an Executive MBA for $9,600, which will prep you for pursuing an executive position.

How Long Does It Take to Get an MBA?

The duration of a program depends on several factors, especially whether you’re attending full-time or part-time. The average lengths of time for different MBAs include:

  • Full-time traditional MBAs: Two full years, or four semesters.
  • Part-time MBAs: Typically, around three years.
  • Accelerated MBAs: Between one and two years.
  • Executive MBAs: Two years.
  • Online MBAs: One year or less. (Our Free MBA takes 10 months.)

Should I Get an MBA in 2020?

If you’re interested in an MBA to further your career, you’ve got more options than ever before. The rise of affordable, online MBAs can be precisely what you need to advance your career. However, MBAs aren’t always appropriate for everyone. It might be the right choice for you if you’re:

  • Encountering more scenarios at work that require deeper business knowledge than you possess.
  • Feeling stuck and not sure how to move your career forward, or you want to change careers.
  • Aiming for an executive-level position in your career.
  • Seeking to broaden your professional opportunities with high-quality business connections.
  • Prepared to face (and feel excited by) the rigors of a program like an MBA.
  • Thinking about one day starting your own business from scratch.

If most or all of these are true, then an MBA could be right for you.

Summary: Choose the Right Degree for Your Career Growth

Pursuing an MBA is a difficult challenge, but one that pays off in the long run. Hopefully, this article has given you some ideas about whether you should get an MBA. 

As with any significant decision, knowledge is power. We’ve explored your options, the different types of MBAs now available, and why attaining one can make you such a valuable employee in the marketplace. You’re now equipped to make the right choice in the next step of your career. Go forth and prosper.

What is a Chief Strategy Officer? Outlook, Education, Career Path 🚀

So, you want to become a chief strategy officer? You’ll be among an up-and-coming group of professionals representing a shift in the way corporations are thinking about business strategy. This broad, dynamic, and well-paid position will have you handling some of the highest-level tasks in the company.

As the business world gets faster and more complex thanks to technology, many CEOs don’t have time to stay on top of it all. Yet, strategy is more important than ever. As the CSO, you’ll oversee the company’s strategic initiatives. You’ll enjoy a lot power and responsibility, so we’ve created the ultimate guide on how to become a competent, qualified CSO. 

You’ll discover things like:

  • What responsibilities you can expect
  • The education and skills you’ll need
  • How the CSO differs from other C-suite roles

By the time you’re through, you’ll have a solid understanding of this unique role and will know exactly what to expect as you embark on the path to becoming one. Let’s dive in!

What is a Chief Strategy Officer (CSO)?

The CSO, or chief strategist, is the executive who oversees the development, communication of, and execution of a corporation’s strategic initiatives. In other words, you’ll work with your CEO to create an overall corporate strategy that produces long-term, sustainable success for your company. 

Corporate strategy used to be the primary responsibility of the CEO. However, most CEOs already have their hands full with being ultimately responsible for everything that happens in the business. Likewise, the business landscape has become more complex with the rise of new organizational structures, increased regulations, and rapid globalization. These have put a strain on companies’ ability to innovate and made strategy even more important. Yet, CEOs have less time to devote to it than ever before.

As a CSO, your job will be to support the CEO’s creation of an overall corporate strategy. Let’s look a little more closely at what that looks like.

What Does a Chief Strategist Do? Key Responsibilities

What does a CSO look like in action? It’s this: 

It’s Monday, and you’re sitting in a meeting with the CEO plus other executives discussing a new line of products the CEO wants to launch. Your CEO believes that this will help position the company to tap into a new market. However, as you’re reviewing the plans, you notice something: your CEO doesn’t seem to be aware of a competitor who tried this exact strategy just a few months ago. It failed miserably. You speak up and throw out a few alternative ideas for your CEO to consider.

That’s just one snapshot of what a chief strategist does, but it encompasses many of the key responsibilities of a CSO. Those include:

  • Providing insights and advice on the CEO’s strategy
  • Identifying market conditions and determining their impact on strategy
  • Overseeing the execution of any strategic plans
  • Driving decision-making that leads to sustainable growth
  • Facilitating the development of key strategic initiatives
  • Supporting inclusive planning processes and communication between teams, other executives, and stakeholders
  • Tackling various high-impact initiatives that may change the course of the company

Who Reports to a Chief Strategy Officer?

According to Deloitte, a CSO may be described as: “responsible for nothing and accountable for everything.” In other words, unlike a CFO or a CTO, you won’t necessarily have a defined domain within the organization. Rather, if an initiative surfaces that will impact the company’s position in the future, you’ll have a role in it.

That means you’ll need to get ready to form relationships with the leadership of the organization. On any given project, you may find yourself working with:

  • Your fellow executives
  • Directors and other high-level management
  • Department heads
  • Project managers

Who Does the Chief Strategy Officer Report To?

According to a 2020 survey by Deloitte, 69 percent of CSOs report directly to the CEO. However, you may report to the COO as well. That’s more likely to occur if your CEO spends a significant amount of time as the public face of the company. In that case, you’ll work with the COO to develop and execute initiatives and corporate strategy.

Chief Strategy Officer Career Outlook

Chief strategists used to be an odd role that many CEOs didn’t understand because they handled company strategy themselves. In 2020, that perception is changing. At least 50 percent of Fortune 500 companies now have a CSO heading their strategic planning.

Consider Young Sohn, the CSO of Samsung. He’s helped the electronics giant redefine what he refers to as its operating rhythms to better embrace the future of a hyper-digital world.

Deloitte’s survey notes that the CSO role has existed for less than five years in 39 percent of the organizations that responded. That just shows how many companies are embracing this role. If you’re aiming to someday become a chief strategist, now is the perfect time to start preparing to be a competent and effective strategist. As Steven Goldbach – the CSO of Deloitte – notes, you’ll one day play a role in helping a company make challenging, pragmatic strategy choices. 

Chief Strategy Officer Salary Statistics

Ready to make bank? Chief strategy officers are well paid. According to PayScale, the average salary for a CSO in 2020 was $185,539 per year. The top 10 percent of CSOs earn as much as $297,000 per year. 

Two things influence your compensation: your experience and your specific skills. Let’s look at both.

What Sort of Experience Do Most CSOs Have?

According to PayScale, most CSOs come into the role once they are “experienced” or “late” in their career. That translates to ten to 20 years of professional experience. Deloitte agrees, noting that 66 percent of CSOs have over 15 years of professional experience, while some 44 percent have been at it for over 20 years.

What sort of professional experience? Expect your competition to have plenty of demonstrated expertise in things like:

  • People and project management
  • Business administration
  • Marketing
  • Finance

You’ll need similar expertise to become a chief strategy officer. We’ll talk about that next.

What Skills Can Increase Your Salary?

CSOs with a good sense of corporate governance and leadership are in greatest demand. In 2020, PayScale noted that these skills could increase a candidate’s compensation:

Chief Strategy Officer Skills & Qualifications

As the chief strategist, you’ll be involved with many different parts of the company to ensure that initiatives stay on track. As a result, it’s more important to develop a well-rounded foundation of skills for operating at a very high level than it is to develop specific technical expertise. We recommend that you focus on:

  • Leadership skills. You’ll spend a lot of time leading project management, supervising other strategists, and working with your executive colleagues to guide the organization. Make sure you’ve got your leadership fundamentals down. 
  • Strategy. Business strategy is a sought-after skill in chief strategists. We recommend that you learn blue ocean strategy to create the best visions and guide your organization. 
  • Management. If you aren’t already adept at managing teams and people, make sure you get up to speed as quickly as possible. 
  • Data. Business intelligence is a data-driven skill, and companies want their chief strategists to be able to do it. Learn the foundations of data analysis like one-variable statistics so you can make thoughtful, informed, data-driven decisions.

What Degrees Do I Need to Be a Chief Strategy Officer?

You will need an advanced degree to secure this role. While your bachelor’s degree can range from business to law or even the liberal arts, the top executives of most large corporations have an MBA. 

If you’re still choosing your bachelor’s degree, we recommend aiming for a business degree. That will help you start developing the foundation that you need to become a chief strategy officer.

The Best MBA for a CSO 

MBAs are increasingly common among the ranks of top executives, and that includes chief strategists. An MBA will provide you with the deep business skills and abilities that you’ll need to guide an organization effectively. However, people who have their sights set on an executive role specifically may want to consider pursuing an executive MBA, or EMBA, instead.

An EMBA differs from an MBA in that the courses and electives you take are more geared toward corporate strategy and governance. You’ll still learn all the business fundamentals that you need, but you’ll also gain additional skills for the board room. 

Many EMBA programs, like the one at Quantic, also let you specialize in areas including advanced corporate strategy or data analysis. That can give you a competitive edge in a world where MBAs are becoming the norm and help tip you for the role.

Another consideration for choosing an MBA program involves whether an online or traditional MBA is right for you. Each has its advantages:

  • An online MBA lets you keep working while earning the credentials you need on a schedule that works for you.
  • A traditional MBA provides structure and focus and is still well regarded in the business world.

Either way you go, make sure your choice offers a career network to help you develop your professional connections.

The Chief Strategy Officer Resume

Ever wonder what a chief strategy officer’s resume looks like? They’re intense. Typically, they:

  • Are action-oriented. Expect to see lots of bullet points with responsibilities and accomplishments.
  • Put experience first, skills second. They’ll be able to demonstrate what they’ve done, but also talk about what else they can do.
  • Only list the most advanced degrees attained. Unless they’ve also got an MBA, you’ll typically only see the most advanced degree listed. Take note of this if you’ve got a bachelor’s degree that isn’t in the business field.
  • Only list related skills and experience. Got a lot of irrelevant stuff and odd jobs on your resume? Time to clean it up and show that you’re ready to be a CSO.

Here are two great examples of what yours might look like one day:

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The CSO vs. COO

You might have noticed that the CSO sounds a little bit like the COO. In fact, that’s one of the reasons why some CEOs question the need for one in the first place. However, the two roles are different for two main reasons:

  • The CSO is consultative while the COO is executive. As a CSO, you’ll be asked for advice more frequently than the COO. In contrast, the COO will more frequently take charge of implementing and executing operations.
  • The CSO is future-oriented while the COO is present-oriented. The COO focuses on day-to-day operations, but you’ll be primarily concerned with where the company is going in the long run.

Being a Chief Strategy Officer for a Startup vs. Corporation

The chief strategist is much more common in large corporations, where the CEO may not have the time to manage the company strategy as much as they might. This position can take 10 to 15 years to attain and typically involves working your way up the ranks within the same company. (According to Harvard Business Review, 85 percent of CSOs are hired internally.)

Chief strategy officers less frequently appear in startups as the CEO typically takes on the role. However, a CSO can play a critical role in a startup if the CEO isn’t confident at taking the strategic lead. Often, you’ll see the role labeled “Chief Growth Officer (CGO)” to reflect the startup’s growth as a strategic priority. 

If you want to become a chief strategist/CGO of a startup, begin developing your career network as early as possible to make the right connections as you pursue your MBA. Look to connect with someone who’s got a vision that interests you, but who needs a strategist at their back to execute it.

Summary: Next Steps to Become a Chief Strategy Officer

The chief strategy officer is a vital but misunderstood role – we’ve hopefully cleared things up a little bit. Unlike other C-suite roles, the CSO is unique in that it doesn’t have a “domain” like finance, technology, or marketing. That can make it a difficult role to understand. The CSO is best understood as a position that supports the CEO. Simply put, if it involves the direction that the company is headed, you can count on being called for your advice. 

We’ve covered everything you need to know to prepare for such a dynamic and broad role in a corporation. From the skills you need to insights on the best MBA to pursue, you’re now equipped to strategize your next move to become a chief strategy officer. Still got questions? Leave a comment below and we’ll be happy to share some insights.

Student Spotlight: Sneakerhead, Kenneth Anand

Founder of 3 8 0 Group, Author, and former Yeezy General Counsel, Kenneth Anand, always ran full speed towards his goals. Besides his great love for hip hop and pop culture, that’s probably why he has an affection for sneakers and is even a self-proclaimed “Sneakerhead.” His drive and passion have always led him throughout his life and so far, he has been victorious in every race. 

After fifteen years of a successful law career, Kenneth realized that he wanted to leave his private practice and pursue his passion. “It was a wake up call for me,” says Anand. “I realized if there was any time to pivot, it was now. I could stay a partner and have a fine life, or I could try to find something that really ignited me.”  

He started pursuing his excitement for sneakers and focused on clients that were in the fashion and entertainment industries. It wasn’t long before an opportunity presented itself with one of his well-known clients, Yeezy Apparel. Kanye West’s sneaker and clothing brand wanted to hire Kenneth’s firm, but he had a better offer. “I used the opportunity to say, ‘Instead of hiring my law firm, why don’t you just hire me and I’ll come work for you guys full time.’”

Kenneth then became head of business development and general counsel to Yeezy, the leader in the multibillion-dollar global footwear industry. “When I left private practice to go to Yeezy, I didnt even think about the business world and I wasn’t anticipating making that transition. I was just trying to be the best lawyer for Kanye and Yeezy. I soon realized that every facet of my life, whether it was sneakers, fashion, hip hop, pop culture… everything that was interesting to me was rolled up into this one job. It’s so unique to find that sweet spot in your career and I felt like my life was coming full-circle.”

This inspired Kenneth to focus on the business side of the sneaker industry and pursue his MBA with Quantic. “I already knew everything there was to know about sneakers, so it was just very natural for me. What inspired me to go to Quantic was that there were terms being thrown around in business meetings by my CFO and it was like any foreign language that I needed to learn. I looked at many schools and at this phase in my life, it was less about where it was than the information itself and the quality of the learning. It was the perfect style of this learning for me. I could fly and do it on the plane, or do it in the morning before my kids got up, or after they went to bed.” 

He put these business tools to use in his daily life and knew the sneaker industry was his calling. “I knew that when Yeezy was over I needed to continue this. I didn’t want to go back to the practice of law, so I set myself up with the perfect segway.” 

In walks Sneaker Law, a bible for the sneaker industry. Kenneth and his partner, Jared Goldstein, decided to write a book that combines the legal and business side to the footwear world. “The topic of Sneaker Law came about even before I went to Yeezy,” says Anand. “The sneaker business is a 90-billion dollar industry, but most people think you can just buy a pair of sneakers and sell them for money. The goal was to introduce them to all these topics that would otherwise be daunting and standoffish, like business and law, and offer it in a way that was digestible and exciting.” 

Now, Sneaker Law goes far beyond the pages of a book. Anand and Goldstein recently lectured on the topic at Harvard Law School in January. “This is more than a book. We can go teach this, have an online course, there could be a podcast. Having that experience of making a business plan from start to finish at Quantic was extremely useful and now I have the needed confidence. All the things that I learned at Quantic were put to the test and used practically.” 

What is the latest goal that Kenneth is confidently chasing? He and former Yeezy CEO, Cristiano Minchio, have founded 3 8 0 Group, a fashion licensing company that helps celebrities, creatives, and rising brands grow and develop. “We have this bleeding heart for creatives and we just want to see creative people thrive. We set out to create a holding company that would help brands grow and develop in all ways. We take brands and we provide the infrastructure to grow. We’ve aligned with brands like Will Smith’s brand, Bel-Air Athletics, and will be debuting the first collection at our showroom in Milan.” 


Sneaker Law will hit shelves this December. Hardcover pre-orders are available now on sneakerlaw.com and e-book versions will be available on Amazon by mid-October. “As soon as you start doing what you love on a regular basis, you’re just compelled to do more to solidify your position. That’s what drives me,” Says Anand. “It’s a testament to where life can take you if you just go after what you’re most passionate about and give it your all.”

Active Learning: Giving Students A Leading Role in Digital Learning

The question of whether EdTech is effective is in fact, not a question about technology at all. Nor is it a question of learning design. Rather, the question ought to be rooted in outcomes: Are students learning the material and able to apply what they learn? Are they acquiring new skills as a result of the courses? 

The failure of digital learning to deliver on this promise, as I wrote about in a recent op-ed, is not about how we’ve yet to bear witness to virtual reality or some equally “futuristic” tech, as viable tools for remote learning. The point is that overwhelmingly, technology has thus far failed to deliver effective teaching practices to students learning remotely. The majority of online learning is being transmitted via the video professor lecture, and the lecture, in the classroom or online, has proven to be a less effective method of teaching. It’s the equivalent of watching TV, putting the professor in the spotlight while a passive audience, the students, sit back and soak in the broadcast. 

Active Learning on the other hand, is a method of teaching that gives the student a leading role. They are participatory actors, driving their learning forward, while the instructor provides feedback that individualizes the learning experience. This is Quantic’s method. Our platform prompts students to engage every 8 seconds and provides instant feedback based on their interactions. Only once they’ve mastered a skill do they move on to the next topic; they learn by doing. In this scenario, the student is the star and the outcome of their experience — whether they truly learned the material or not — is the key metric of efficacy. Investments in learning science alone won’t translate to better outcomes for students. Advancements in online learning must come from a two-pronged approach: using the right tech with the best pedagogy and only when the student succeeds should we deem it a success. 

Here’s more on how our process works:

To be clear, Active Learning is not new. Maria Montessori pioneered it within early childhood education, Berlitz with immersion language learning, and Suzuki within violin study. What is new is using this pedagogy in online learning in a way that’s effective and efficient (it’s also pretty fun, too).

MBA for Software Engineers – Do You Need One to Climb the Career Ladder?

You’ve been a software engineer for years, and you feel it’s now time to take a step forward. But you’re wondering: What comes next? Where do I go from here? 

What catches your attention is that other software engineers are going for an MBA. As a result, they’re getting promotions and enjoying fatter paychecks. But is this the road you want to take? How will earning an MBA increase your chances of climbing the software engineer career ladder?

If this is you, we understand. We know it can be difficult to decide on the next step in your career. That’s why we’ve put together this guide specifically for you. In it we cover:

  • The career ladder of a software engineer (from bottom to top)
  • How an MBA can help you climb that ladder 
  • The different types of MBAs, and how to choose one to match your needs

When you finish reading this, you’ll know exactly where you want to go next in your career and whether or not an MBA will help you get there. Let’s dive in! 

Understanding the Software Engineer Career Path

To know where you want to go on the software engineer career path, you first need to decide what your biggest priority is. Is it to gain a bigger salary? Or is it to keep doing what you love, but on a larger scale?

Think of it like this. The higher you move up on the career ladder, the less you’ll be getting your hands dirty doing the work of actual programming. Some are happy with a lifetime of writing code and fixing bugs. Others want to go into managing complex software systems, and others want to manage teams. 

To make a good decision on where you want to go, it’s important to go into detail on the typical software engineer’s career path.

The Software Engineer Career Ladder

You start as a software engineer, but it’s not uncommon for you to move to the top with a C-suite job. 

Here’s what the career ladder of a software engineer looks like. We’ll start with the first rung on the ladder, junior software engineer, and go all the way to the highest rung, CTO. In between, you’ll see the different steps in the ladder and how each one requires its own set of more complex skills and responsibilities. 

Junior Software Engineer

Junior software engineers are mainly responsible for building quality software. This includes writing code, fixing small bugs, and working closely with senior developers on pair programming. 

The junior software engineer role is an entry-level position. The skills required are what you already have: knowledge of programming languages, operating systems, and databases. As you gain experience, you’ll start handling larger projects and working more independently. 

Senior Software Engineer 

Senior software engineers still write code, but this time with an eye on the bigger picture of a project. They’re in charge of designing and developing software solutions, plus coaching other developers. This is an excellent position for those who love programming but don’t like the idea of leading a team. 

The skills needed for this position are basic software architecture, advanced code design, and coaching. 

Lead Developer 

Lead developers still write code while coordinating work and implementing decisions. Other programmers usually look to them for direction. This position is seen as a transition into a mid-level management role. 

Technical Architect 

Technical architects rarely write code. Their main responsibilities lie in designing complex systems that other developers create. Going for the technical architect position is the biggest leap you can make as a software engineer without going into leadership and management roles. 

Development Team Lead or Software Development Manager 

Mid-level managers are in charge of overseeing either projects or teams. Depending on their leadership skills, their job can include:

  • Managing complex projects
  • Coordinating between higher management and development teams
  • Hiring and firing developers 

Besides the technical skills required for this position, mid-level managers need excellent people skills. 

Chief Technology Officer (CTO) 

Chief Technology Officer (or CTO) is the highest-ranking position in the IT business. The role of a CTO is to oversee all of the company’s technological needs. CTOs have executive powers they can use to make decisions and investments for the advancement of the company. 

The Career Path for a Software Engineer After Earning an MBA

How far up you want to go on the software engineer career ladder is up to you. Some professionals stay at the senior engineer level their whole lives (and love it!) while others progress to CTO. It all depends on what you love doing most, whether that’s writing code, managing projects, or handling relationships between people. 

If your dream is to get into leadership and management roles, getting an MBA makes sense. Here’s why. 

MBA for IT Professionals: Why It Makes Sense 

Of course, strong technical skills are a must if you want to climb the software engineer career ladder. However, they aren’t enough to get you to the position of CTO. This is because companies today are looking to hire executive officers who have both excellent technical skills plus strong business acumen.

Think of yourself in the position of hiring a new CTO for your company. The first applicant has strong technical IT skills and years of experience as a software engineer. The second one has all these, plus the ability to see the bigger picture and understand how technical decisions will impact the company’s finances and business outlook. Who do you think you will hire? 

If you already have years of experience developing software and the next logical step for you is to go into C-level management, an MBA can help you acquire the skills to fit into this position. 

Is an MBA for Information Technology Worth It?

Earning an MBA can cost upwards of $200,000. If you stop working while pursuing your studies, this amount can rise up to $400,000. 

To determine if an MBA is worth the cost, you first need to ask yourself some important questions.

  • What do you plan to do with your MBA?
  • Where do you see yourself five years after completing your MBA?
  • How long will it take you to achieve significant ROI from your MBA?

Why Do Software Engineers Pursue an MBA?

Here are six reasons software engineers pursue an MBA despite the heavy cost. 

  • Respect from business-side teams
  • Promotion to management roles 
  • Salary increase (up to $44,000 per year) 
  • Better chances of being hired as CTO in a new company
  • Greater confidence working in managerial positions 
  • Career satisfaction from being able to climb the corporate ladder

MBA Software Engineer Salary Statistics

In general, professionals with an MBA earn more than those without one. In the U.S., MBA holders earn an average of $102,100. That’s higher than the national average of $74,378

But it gets even better for IT professionals with an MBA. According to U.S. News, technology is one of the top three fields that pay the highest salaries for MBA holders. 

According to PayScale, a software engineer with an MBA earns an average of $119,438. That’s $44,906 larger than the average salary of software engineers, which is $74,532.

An MBA for Software Engineers

Understanding the different types of MBAs is essential for mapping out your career direction. Here are three to consider. 

  • Campus-Based MBA. Requires you to stop working and focus on earning your MBA on campus. Best for new graduates who have the time and financial stability to support themselves in school.
  • Online MBA. Allows students to continue working while they earn their MBA.
  • EMBA. Designed for professionals with many years of experience, the executive MBA is for people who want to advance their careers and move into senior leadership positions in their companies.

The Best MBA for Software Engineers

Use this as a guide to select the MBA that’s right for you. 

Executive MBA for IT Professionals 

If you are an IT professional looking to climb the career ladder into senior leadership, the best program for you would be an executive MBA. 

An EMBA is different from an MBA mainly because of its focus. While MBAs are designed for new graduates, EMBAs are for professionals with years’ worth of experience looking to showcase their business credibility and advance their careers. 

The qualifications for EMBA are also different from those of a regular MBA. While qualifying for a regular MBA requires top-notch academic scores, getting into an EMBA program requires a look into professional working experience and skills. 

MBA Career Network for Tech Professionals

Since 80% of positions are filled through networking, it’s an excellent idea to look into programs that offer exposure to other top-notch professionals. Knowing great people will not only widen your chances of professional growth, but also challenge you to grow and sharpen your skills. 

What’s great about joining a career network is that you can connect with thousands of the brightest minds around the world. You get access to current students, alumni, plus the chance to get discovered and hired by excellent tech companies.  

MBA Course Curriculum for Software Engineers

Before selecting an MBA program, it’s essential to look into the curriculum to see if it includes these four aspects.

  • Business. To lead in a C-suite position, it’s important to understand the core concepts of business, finance, and marketing.
  • Strategy. In a management position, you’ll be in charge of top-level strategy so it’s important to find an MBA that covers this.
  • Decision Making. IT professionals should be able to understand how to make critical business decisions based on data.
  • Leadership. Since leading a team will be one of your duties, acquiring communication and interpersonal skills is a must. 

MBA for Software Engineer Discussions on Reddit

Going through other professionals’ different experiences and opinions will help you weigh out the pros and cons of getting an MBA and make your decision. One great way to do it is to read Reddit threads on the topic

Believe it or not, Reddit is an open community and discussion forum that’s influential among higher education students. Here you can ask, find specific questions from other software engineers, and get answers and suggestions from those who are in the same field and have earned their MBA. 

Summary: Should You Get an MBA? 

Getting an MBA is not for everyone. To determine whether it’s right for you, you first need to consider your priorities and where you want to go on the software engineering path.

If writing code is what you want to do all your life and you have no interest in managing a team, getting an MBA might not be the best fit for your needs. However, if you have your sights set on mid-level management or even CTO, earning one will give you the knowledge and credentials to get there. 

How to Become a CEO 🚀 Your Path to Chief Executive Officer

Dreaming of becoming a CEO? You can turn that dream into a reality with some sweat, smarts, and a whole lot of dedication to the climb. No matter what industry or company, you’re going to overcome many challenges while you position yourself to take a shot at the top.

We built this guide to help make the process clearer. No matter where you are in your career right now, you can start planning to become a CEO one day. We’ll cover:

  • What a CEO really is (and what it isn’t!) 
  • What skills and competencies you’ll need
  • The degrees you should strongly consider in preparation
  • The different paths you can take to become a CEO

We’ll break it down so that you know exactly what you need to do right now to take that next step forward. Ready? Let’s get started.

A Deep Dive into the CEO Role

As the CEO of a company, you’re the highest-ranking individual in the organization. You’re the final authority on any and all decisions made by other executives. The buck stops right there in front of you. And if you’re cut out for the mega responsibility associated with that, the thought of it should thrill you. 

Of course, it’s just as important to define what a CEO is not. There’s a tendency these days for entrepreneurs to call themselves the CEO of their startup. We’re not talking about that. Real CEOs are:

  • The point of communication between board members
  • The public face of a company
  • Elected by shareholders
  • Maybe the founder, but maybe not

In other words, you’re a real CEO when the company is bigger than your title and when you’ve got major responsibilities and a corporation to run.

Just What Are Those Responsibilities?

The CEO is often a visionary leader who guides the overall direction of a company. Your exact role and responsibilities will vary according to your company size. In large companies, expect to:

  • Draft high-level corporate strategies that your board implements
  • Manage overall resources and operations by authorizing the decisions of other executives
  • Set the tone and culture of the organization itself
  • Represent the company at civic and professional engagements
  • Research and make final decisions on company acquisitions
  • Evaluate the company’s overall trajectory and achievement of stated goals
  • Meet with other executives like the CFO and CTO for advice

In a smaller company, you might find yourself engaged in lower-level, hands-on responsibilities. This may include day-to-day functions similar to those handled by the COO

What Does a CEO Earn?

According to the U.S. Bureau of Labor Statistics, CEOs earn $193,850 per year on average … or about $93.20 hourly. Of course, major companies can easily go well over that. Some of the highest-paid CEOs rake in over $100 million per year.

What you earn as a CEO depends on your ability to run a company and your experience. PayScale notes that skills like business strategy can increase your salary by another 10 percent, which you can gain through earning an MBA. After attaining those skills, most CEOs attain the average income level at around 20 years of experience. If you’re still early in your career (such as in the first ten years), PayScale puts the average income much lower at $132,000 annually.

The Three Different Types of CEOs

Three main types of CEOs exist, and they reflect the main paths that you can take to the position. Here’s an overview of them: 

  • Founder CEO. These are the people who founded their company. Founder CEOs can be extremely influential in a company’s trajectory. Research suggests that they tend to outperform non-founder CEOs because they consider the company to be one of their lifetime achievements.
  • Non-Founder CEO. A Non-founder CEO is elected or hired to become the CEO of a company. This can have several advantages, especially if the founder has other enterprises, or lacks the skills needed to truly be a CEO.
  • Successor CEO. Individuals who become CEO through succession are known as successor CEOs. According to Harvard, this normally happens when a CEO who is also serving as board Chairman steps away from the former role. However, successor CEOs may also be groomed and elected by a board of directors.

The Profile of a CEO: Skills, Education, Personality

The CEO position is unique among other executive roles because of the public role that you’ll take. You’ll be the public face in most cases. Should you become the CEO of a massive company like Facebook or Amazon, it’s possible you could become famous. If landing such a high-visibility position is a goal for you, consider whether you need to develop your abilities in areas like public speaking, and whether you have the right personality for it. We’ll cover both here.

Critical Skills & Competencies

To competently drive your company in the desired direction, you’ll need to know how to do a lot. The skills and competencies you require will broadly fall into six categories:

  • Strategic management. You’ll need to know how to manage departments, processes, and people to guide your company to success. A strong grasp of organizational behavior is a must.
  • Business and corporate strategy. Knowledge of corporate-level strategy is imperative to understanding how your company functions and what it needs to succeed. 
  • Industry-specific technical skills. You’ll need industry-specific technical expertise. This is particularly important in the tech sphere, where your company will look to you to guide it through uncharted waters.
  • Financial skills. Competence in financial matters is critical for understanding the effects of your actions, and also what actions to take.
  • Ethics. As the primary decision maker in the company, expect to grapple with difficult decisions. Having a solid foundation in business ethics will make the right path clearer. 
  • People skills. Much of your role will be a public one. From negotiating to public relations, be prepared to polish those people skills until they shine.

Education Statistics

Unless you’re the founder of a startup, you need a degree. Likely, you need an advanced one. 

CEOs are well-educated. According to one survey by Study E.U., 97 percent of all CEOs worldwide hold a bachelor’s degree. Some 64 percent of all CEOs hold a master’s degree, while 10 percent hold a doctorate degree. 

There are also trends regarding what degrees future CEOs pick. According to a 2018 survey by LinkedIn of over 12,000 CEOs, some 35 percent of CEOs held a bachelor’s degree in computer science. The next most popular degree choices were:

  • Economics
  • Business
  • Banking and finance
  • Accounting

CEO Personality Traits

From Mark Zuckerberg to Elon Musk and Steve Jobs, CEOs often catch the public eye with their personalities. 

We aren’t saying you need to emulate any eccentric behavior. However, be aware of the research surrounding CEO personality and company success. For example, according to the Harvard Business Review, the most successful CEOs are: 

Introverted and Conscientious 

Companies headed by introverted CEOs or highly conscientious experience increased returns when the company makes riskier decisions.

Not Afraid of Failure 

All successful CEOs have made significant material mistakes, with 45 percent making mistakes that resulted in significant career setbacks.

Quick to Act 

High-performing CEOs are 12 times more likely to describe themselves as “decisive.”

Adaptable 

CEOs who excel at adapting are 6.7 times more likely to succeed in a venture.

Visionary

CEOs also spend 50 percent of their time planning for the long-term, compared to other executives who spend about 30 percent of their time.

Want to Become a CEO? You’ll Need an MBA

Although the Harvard Business Review found that as many as 8 percent of CEOs don’t have bachelor’s degrees at all, you’ll need one if you aren’t a founder CEO. Some 50 percent of all CEOs of Fortune 500 companies have MBAs. 

Choosing an MBA program involves a lot of considerations. Fortunately, we’ve got a few thoughts to help you with that.

Best MBA Programs for a Future CEO

When it comes to MBA programs, you’ve got three main routes:

  • A traditional MBA from an accredited university
  • An online MBA from an accredited university
  • An executive MBA (EMBA) that’s either online or traditional

Online and traditional MBAs both have their advantages. People choose traditional MBAs when they need structure and have the time to devote to the program. They turn to online MBAs if they prefer the flexibility to continue working. (We’ve covered both in-depth right here.)

Given the nature of the CEO’s role, however, we strongly recommend that you consider an EMBA. These programs are geared specifically to professionals seeking to enter the boardroom. They emphasize core skills like:

  • Corporate governance. As a CEO, you’ll need to understand how rules, processes, and practices are used to manage a company.
  • Supply chain and operations. You should understand how supply chains impact business costs and profits to make smart decisions.
  • Advanced business strategy. This will allow you to make better decisions that affect the future of the company.
  • U.S. business law for corporations. Corporations may be subjected to special laws and regulations – you’ll need to understand them.

An EMBA is especially valuable if you’ve already got a background in business, or you’ve got a highly technical background with deep industry expertise. With so much hinging on your ability to lead an organization and make business decisions, this specialized MBA is uniquely equipped to position you for success. (Here’s a closer comparison of the two types of MBAs.)

The Career Path of a CEO

There’s no single path to becoming the CEO of a company. Historically, many CEOs were successor CEOs, usually the COO or another executive. However, in 2019, the Wall Street Journal noted that externally hired CEOs had become more common than those chosen from an internal pool. That means you’ve got more chances than ever at landing the role without spending 20 years at the same company.

We’ll look at both the internal and external paths now:

Internal Selection: Working Your Way Up

If you want to be tipped for the role someday, prepare for the grind. It’s not uncommon for CEOs to start at an entry-level role and work their way to the upper echelons of the company. That’s what Doug McMillon, the CEO of Walmart, did. He started loading trucks as a teenager and became CEO 25 years later. Likewise, Chris Rondeau, the CEO of Planet Fitness, started as a front desk receptionist in 1993 before becoming CEO in 2013.

Working your way up has many advantages. You can:

  • Gain deep familiarity with the company
  • Make connections with internal mentors and champions who can help your advancement
  • Start working before you’ve gotten your degree or MBA (and often keep working while you earn them)
  • Establish a strong reputation and track record with the company

External Selection: Career Networks

Getting hired as a CEO is not easy, but entirely possible. To pull it off, you’ll need a proven track record in the position or within your industry. Generally, you can expect to hold one or more executive positions before striving for CEO – often at different companies. 

Consider Satya Nadella’s resume. Before becoming the CEO of Microsoft, he sat on boards for the University of Chicago, Starbucks, and Fred Hutch. Robert Buchsbaum, the CEO of Blick Art Materials, worked in roles ranging from financial advisory to non-profits for youths.

If you choose this route, it will take you between ten and twenty years. Keep these things in mind:

CEO Homework! 5 Books You Should Read

To round things off, we want to leave you with five of our favorite books that you should read on the road to becoming a CEO:

1. Bounce: The Myth of Talent and the Power of Practice by Matthew Syed. It’s a close look at the relationship between talent and effort – and why we should praise the latter, not the former.

2. Linchpin: Are You Indispensable? by Seth Godin. Do you have a job or a career? There are two sides to organizations: management and labor. This book explores where you fall and how you can land where you want to be.

3. Scaling Up by Verne Harnish. Why do some companies make it, but many others don’t? That’s what this book explores. It can help you change your attitude toward business.

4. How to Win Friends and Influence People by Dale Carnegie. One of the best self-help books of all time, it can help you improve your people skills at work and in life.

5. The Five Dysfunctions of a Team: A Leadership Fable by Patrick Lencioni. A story of a CEO facing a leadership crisis, it provides thoughtful points for building a cohesive, effective team.

Summary: How to Become a Great CEO

Becoming a CEO isn’t quite like attaining other executive positions in the boardroom. You’ll need a rock-solid foundation in business, plus a visionary outlook that can guide your company into the future. That can make determining what to do a little tricky, but we’ve provided our best tips right here. However you choose to do it, make sure that you develop a strong understanding of the business world, cultivate the personality you’ll need, and choose your MBA program wisely.

The road to becoming a CEO requires vision, planning, and a lot of hard work. But whether you pursue the top role internally or externally, it’s entirely within your reach.

Happy advancing!

Executive MBA Costs vs. Benefits – Calculate Your ROI

An Executive MBA (EMBA) is an advanced degree targeted at mid-career professionals.

The average EMBA candidate is between 32 and 44, with at least eight years of work experience. They have competitive resumes and are poised to move into senior leadership roles.

As one such candidate, your choice in the Executive MBA program is critical. You want a globally competitive program that will allow you to advance your career. Ideally, you also want it to be flexible enough to allow you to keep your job. 

Thankfully, today’s best EMBA programs are designed to help you achieve just that. They offer accelerated programs to suit the busy schedule of working executives.

Typically, the courses take a more applied approach and focus on developing:

  • Business acumen 
  • Organizational leadership 
  • Industry-specific knowledge

Some programs even offer online or hybrid formats. This gives you more flexibility, and thus more balance between your work, school, and personal life.

But, an Executive MBA can also be a costly venture. Tuition from a top-ranking program averages north of $100,000. And although the courses are accelerated, they often run for up to two years.

Choosing to pursue an EMBA is a big decision and a considerable investment. With so much on the line, it’s only reasonable that you should wonder if the degree is worth it.

In this article, we’ll explore the different features of an EMBA. We will also take a look at their value and potential for return on investment to help you make the right decision.

How Much Does an Executive MBA Cost?

When considering an EMBA, an institution’s reputation is critical. And as you will find out below, the cost of a program rises along with an institution’s reputation.

Average Cost of an EMBA

According to a survey conducted by Ivy Execs, the average cost of an EMBA in the U.S. is $75,000. 

The average cost of an EMBA from a top tier program amounts to almost twice that, averaging at about $133,000. For example, an EMBA from:

With tuition fees like these, you’d be remiss not to wonder if your investment will be worthwhile.

Thankfully, you’d be pleased to learn that it often is. 

According to a 2017 survey by the EMBA Council, the average EMBA student’s salary is $172,498. This saw an increase of about 14% after graduation taking the average income to about $197,719. 

This sizable increase in pay means that you will see a return on your investment soon.

“Graduates can expect to earn a bonus for obtaining their degree and an average salary of $164,845. With a significant jump in income, EMBA graduates are able to quickly pay off any loans and completely cover the cost of going back to school in less than two years.”

Dan Scalco, Contributor Huffpost

We also learn that 41% of EMBA students receive a promotion after graduation, and 52% saw an increase in responsibility.

However, an Executive MBA from a traditional program is not always feasible. Thankfully, there are more accessible options through online programs. These offer candidates a more flexible, digital-first, and remote-friendly alternative. 

Some of these are affiliated with long-standing top tier business schools. While others are from accredited independent schools like Quantic School of Business and Technology

It’s important that you understand the nuances of the different programs available to you, so we’ll do our best to shed light on all your best options.

The Quantic program is based on a proprietary pedagogy developed in collaboration with professors from elite institutions like Georgetown, and Insead Business School.

This helps make elite business education more accessible. Especially considering we charge modest tuition of $9,600 for this program.

Consider the following cost comparison between Quantic and other top-tier programs:

Executive MBA Cost Comparison

Executive MBA Scholarships

According to the EMBA Council:

  • 20% of EMBA students have full scholarships from their employers. 
  • 34% of EMBA students have partial scholarships from their employers. 

The remaining 46% are self-sponsored. But they often have access to financial aid or tuition assistance.

In addition, 59% of the institutions that offer EMBA programs offer their candidates scholarships and fellowships.

Clearly, despite the high tuition of an EMBA, you have options to help offset some of the costs. Be sure to check with your employer and school to determine those options. 

This is key information that will determine your return on investment.

At the Quantiac school, we also offer scholarships to eligible candidates.

However, unlike most institutions, we don’t have a separate application process. You will be considered based on your application and notified along with your admission decision.

If your employer wishes to sponsor you, we also offer means and resources for employer-funded reimbursement.

What Are the Benefits of an Executive MBA?

Executive MBAs come with many benefits, including:

#1: New Networking Opportunities

An EMBA brings together a diverse group of people from different fields. It also gives candidates access to an international student and alumni community.

These give a foundation to expand your professional network across the globe. Alumni communities, for instance, help overcome some of the networking challenges executives face.

Additionally, most programs offer an international experience option. According to a 2018 Executive MBA Council survey, 93.2% of the programs offer international trips. Some programs even offer global topics as elective and concentrations.

#2: New Challenges and Learning Experiences

After a few years of working and moving up the ladder in an industry, you develop skills in your discipline. An EMBA curriculum is designed to help refine these skills and turn them into expertise.

It also gives insight into the most pressing factors affecting business today. You will also get to learn accounting and financial acuity.

These are skills that will help catapult your career forward. Moreso if you are looking to move into an executive leadership role.

#3: An EMBA Helps You Become a Better Leader

Most EMBA curriculums include business coaching and leadership training. These help you learn about your managerial style, making you a more effective leader.

Other leadership skills you can expect to learn from an EMBA program include:

Analytic Thinking 

You will learn how to dissect and understand different areas of business. This helps you develop critical knowledge in your field, enabling you to make more educated decisions.

Problem-Solving Skills 

As you work and learn at the same time, you can apply the knowledge you gain in real-time. The program encourages you to analyze your environment and use your newly acquired skills to solve any issues.

Confidence 

An EMBA program will help you build confidence in your knowledge. This will come in handy if you are looking to break off and start a business of your own. Or even looking to get into C-level management.

Communication 

This is one of the most critical skills, especially for those in leadership. An EMBA equips you with the tools to communicate within your business environment.

#4: Better Earning Potential

As an EMBA graduate, you can expect to see a salary increase much sooner than you would with a regular MBA. 

On average, you can expect an increase of about 13.5%, according to a 2019 Executive MBA Council survey.

It also indicates that you are 53% more likely to receive more responsibilities. And 40% more likely to get a promotion.

In addition to these, an online facility like Quantic also comes with a few added advantages. These include:

#1: Student Peer-To-Peer Learning

You will have access to a group learning platform. Here, they can receive class exercises, interact, and build each other’s knowledge.

#2: Executive MBA Student Network

This refers to a platform where you will be able to interact with other students and alumni. Here, you will be able to exchange ideas, grow your networks, and even take part in events.

#3: Group Projects

In the Quantic program, you will get to work in groups on several projects throughout the program. You will also work on a final project where you will get a chance to showcase your newly acquired knowledge.

#4: Optional In-Person Weekend Conferences

These conferences offer an opportunity to meet and network with classmates and alumni. The conferences span multiple days and happen four times every year around the world.

Previous locations have included: Copenhagen, Seattle, Singapore, and Washington, D.C.

#5: Full-Time Job Placement

An EMBA will also afford you specific opportunities after graduation. This is because certain programs offer networking and career support to graduates.

Some programs even offer career networks. Here candidates can get leads to new jobs and mentorship opportunities.

Is an Executive MBA Worth It?

Given the information above, you must be wondering whether an EMBA is right for you. Right off the bat, let us clarify that the degree is an excellent investment. But it might not be the best fit for everyone, or where they are in their career. 

Consider the following instances: 

The key takeaway from an Executive MBA is that it prepares you to move up the corporate ladder.

However, if you are new to your industry or management, then the degree is probably not the best fit for you. It’s also not a great fit if you are a recent graduate looking to get ahead in the business world.

In this instance, you will be better off with a traditional MBA. Or better yet a few years of real-world experience managing projects and people.

Additionally, you have to consider whether you can manage the time commitment required to complete the program. 

If you are unable to commit this amount of time, then perhaps it might not be the right time to start your EMBA.

Another critical factor to consider is employer support. Remember, support is not just financial; they might also need to adjust your work schedule.

Ensure that you and your employer see eye-to-eye before starting your course.

However, if your career has hit a plateau, then you might want to consider an Executive MBA. Fresh technical skills, training in soft skills, and decision making will help you take on more responsibility.

Additionally, the connections you forge during your EMBA will also help propel your career to the next level.

Finally, to work out whether an EMBA is worth it, you need to first determine your career goals.

Ultimately, Executive MBAs are designed to get you to top-level management. If this is your end goal, then the answer is YES. An Executive MBA is worth it and will prepare you for this role.

If you would still like to pursue an Executive MBA but cannot meet the commitments of a traditional program, then you should consider an online program.

Non-traditional programs like Quantic’s EMBA offer more flexibility and low financial barriers.

The online delivery method means that you can learn through bite-sized lessons at your own pace and receive individualized feedback.

An online program will also give you unique insights into the evolving workplace. It will equip you with the skills to succeed in a changing work environment.

Your Executive MBA ROI Analysis

Investing in yourself through an Executive MBA pays off in both ways you can and can’t measure.

You gain business knowledge, broaden your perspectives, and build your networks. An EMBA also positions you to earn the highest salary of any postgraduate program.

But this is not all that goes into calculating your ROI.

The Figures

EMBA candidates are usually above 35 years old with about eight years of work experience. They often hold a management position upon entry into an EMBA program.

On the other hand, most MBA students are in their late-20s with about five years of work experience. They often hold sub-management positions when joining a postgraduate program.

Comparatively, EMBA candidates tend to be more senior, and thus are paid better.

On average, EMBA programs charge about $75,000, 50% more than MBAs. And EMBA graduates end up earning an average of $175,000 compared to $121,000 for MBA graduates.

From this, we can work out the ROI for an average EMBA degree is 133%. This places EMBAs as the most valuable degree in terms of post-education remuneration.

But raw figures are not enough to give a full picture of an EMBA’s ROI.

Education Value

Executive MBAs, unlike traditional MBAs, put equal value on both soft and hard skills. You will learn just as much about people management, as you will about the process under which the same people operate.

This makes for one of the EMBA program’s most valuable ROIs. 

Of course, in terms of investment, this does not qualify as a financial return because technically, knowledge is invaluable.

However, when you choose to pursue an EMBA, you invest more than just money in the course. Therefore, the soft and hard skills you gain from your EMBA are among your most valuable ROIs.

Intangible Benefits

The greatest ROI you can earn from your EMBA is the networks you form through the course.

Micheal Simons argues in his article that, “The No. 1 Predictor of Career Success According to Network Science” is being part of an open network.

Open networks bring together people with different areas of interest and expertise. Closed networks include individuals with similar interests, professional fields, and acquaintances.

“People in open networks have unique challenges and opportunities. Because they’re part of multiple groups, they have unique relationships, experiences, and knowledge that other people in their groups don’t.”
Micheal Simons, Author.

Being part of an Executive MBA program provides exactly that – the opportunity to be part of an open network.

This is arguably the most valuable (and the most unquantifiable) ROI from your EMBA degree.

The Quantic Executive MBA Program

Unlike a traditional MBA, the Quantic EMBA focuses on leadership, strategy, and governance. All while still allowing you to learn everything you would in a regular MBA curriculum.

It does away with time-consuming lectures and focuses on fast-paced, personalized modules. Note, however, that this is not an indication of a lighter curriculum.

Quantic’s EMBA program is based on a proprietary pedagogy that uses active learning. This helps ensure the same learning outcomes as that from top business schools.

The courses are developed in partnership with experts and business school professors. They ensure the program suits the evolving needs of executives from across the globe.

The program also offers you the opportunity to focus on relevant topics in today’s workplaces. These include subjects such as data science, digital marketing, and entrepreneurship.

This, combined with the social learning environment and worldwide classmates, delivers: 

  • Financial benefits,
  • Personal growth,
  • An expanded worldview.

Should You Get an Executive MBA?

An executive MBA can expand your career opportunities substantially. It also equips you with the set of skills and knowledge you will need to move up your existing career. Or to launch a new one.

Although EMBA curriculums vary, most focus on professional skill development and leadership. These give you insight into real-world management problems and how to overcome them. 

An EMBA will also equip you with knowledge from the following fields:

  • Economics and Finance
  • Operational Management
  • Organizational Leadership
  • Entrepreneurship 
  • Business Policy
  • Business Ethics
  • Communication
  • Marketing

In light of this information, it’s evident that an EMBA is a worthwhile investment. Given how impactful an EMBA can be to your career, your choice in school is all the more important. 

Your first instinct might be to consider a traditional EMBA program, and rightly so. 

However, non-traditional programs are steadily gaining traction. They offer more flexibility, less overhead costs, and are more adaptable to your schedule. 

Some even partner with professors from top business schools. This helps make Ivy League business education more accessible on a global scale

Please consider the following quick overview of the Quantic Executive MBA program: 

The Quantic Executive MBA program is specially designed to suit the needs of a working professional. The curriculum provides a world-class education in a flexible, technology-driven learning environment.

The program is also enhanced by the diverse knowledge and experiences the global students bring to the program.

This makes for the perfect setting to network with a diverse group of experts. A feature we’ve discovered is one of the key ROIs from an Executive MBA.

And all this at a fraction of the cost of a traditional EMBA brick-and-mortar program.

So perhaps rather than asking whether you should get an Executive MBA, you should instead ask, “How do you sign up for the Quantic Executive MBA?”