The MBA That Will Never Die
“The regular, full-time MBA is the two-year program that everybody’s cousin once went to,” describes Jonathan Lehrich. “It’s a program for people who are usually switching careers. … It’s a socially acceptable, two-year way to step away from the work force and come back with significantly more skills and breadth.”
Yet, where does one go when they feel comfortable in their current position and aren’t looking to make a career change, but do desire to be better equipped for their day-to-day?
Lehrich’s answer is an Executive MBA program. Perhaps, even, the one he helped create at MIT nearly three years ago.
The average age of a student who enrolls in the MIT Executive MBA program is 40. They’re entering with 16 years of work experience and a full-time job. They’re attending 26 weekend sessions that span Friday and Saturday, later participating in week-long sessions both in Cambridge and abroad. More importantly, they’re taking what they learn on Saturday and applying it to their job come Monday.
The students who strive for an EMBA “don’t need an MBA in order to succeed, because they’re already successful,” according to Lehrich. The current class includes the CFO of John Hancock Mutual Funds, the c0-founders behind Vicarious Visions, an NBC employee and someone working in Boston Mayor Tom Menino’s office.