"We want the highest-potential, mid-career executives from all industries and sectors—government and not-for-profit included," he says. "If you're going to apply to an Executive MBA program, you should expect to make a commitment, both of money and of time. It's a commitment that everyone—your family, your organization, and your school—should be proud of."
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When it comes to committing money, EMBA applicants should make sure they are examining their motivation carefully, despite the study's finding that alumni can earn higher salaries, says Clayton Pyne, an EMBA student at New York University's Stern School of Business.
"I would strongly advise not looking at an EMBA on purely monetary grounds. In the short run, the payoff isn't there. It's an investment with a potentially long-run [return on investment]," he says.
"If you aren't clear on how you're going to really transform yourself—or in the absence of knowing, at least commit to finding that transformation—from the EMBA experience, an extra $10,000 to $20,000 on the other side isn't going to quench your financial thirst long enough to make a difference anyway."
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