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Online Executive MBA Program

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Dean’s Message 1

About the Saunders Online EMBA Program 2

Recognition and Accreditation 5

EMBA Program Overview & Course Descriptions 6

Saunders International Experience & Residency 10

Why Online Learning? 13

Application Information 14

Tuition, Fees and Financial Aid 17

Hardware Requirements 18

Online EMBA FAQ’s 20

Today, innovation is driving the demand for business leaders in every industry, creating job opportunities faster than they can be filled. This is truly an exciting time to be in the world of business and also an exciting time to be entering the Saunders College of Business at Rochester Institute of Technology. The faculty, staff and community of students at the college welcome you.

In the spirit of innovation and experiential learning, RIT is proud to make our AACSB-accredited Executive MBA program available nationally by way of online education. RIT’s EMBA is designed specifically for busy professionals whose time is valuable. The innovative and challenging online degree program can be accessed at anytime of the day or night from anywhere with an internet connection.

The E. Philip Saunders College of Business has earned an excellent reputation for its challenging, diverse and personalized academic programs. Our graduates have achieved an impressive record of success in the marketplace, commanding high salaries and securing stimulating positions at companies across the nation and around the world. The keys to their success are their capacity to innovate and to connect with the world around them. Some of the unique features of the Saunders online experience include:

• A convenient, accessible online learning environment: RIT and the Saunders College encourage the exchange of ideas among professors and peers of diverse backgrounds through the online discussion forums and scheduled chat room meetings. This stimulating environment facilitates exciting learning experiences and networking among successful businessmen and women across the nation.

• An innovative curriculum: Our programs emphasize critical thinking and problem solving, project-based learning, multidisciplinary teams and interaction among students. Our strong ties with industry have enabled us to shape our degree programs to the needs of today’s marketplace.

Our business graduates have strong employment value because of the career focus of our academic programs and the network of over 17,000 alumni. RIT continues to be acknowledged as one of the nation’s leading providers of quality, career-oriented business programs. RIT ranks highly in many national surveys, including U.S. News & World Report, BusinessWeek and the Princeton Review.

If you are seeking an experiential degree and have the ability and the desire to think outside of the box, you have definitely come to the right place. We all look forward to having you join our online EMBA program.

Sincerely,

Ashok RaoDeanE. Philip Saunders College of Business

Dean’s Message

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The Saunders College online Executive MBA experience is flexible, interactive and preferred by the countless students and professionals who find they work best outside of the conventional school framework. With online education, you have the freedom to access course content, post discussions and brainstorm with peers whenever it is most convenient for you, from wherever you feel most comfortable. You will receive individual attention from your instructor as well as your professor and lessons are easily applicable to real-world business situations. This program is personalized, leading-edge and timely. Course material is continuously updated to give you the knowledge you need to succeed. Our EMBA graduates have gone on to advance within their current company, start new businesses or seek out new opportunities.

We are looking for business professionals who are prepared to think outside of the box and see daily business problems in a new light. We accept applications for this demanding 15-month program on a rolling basis so you can apply anytime. If you are looking to build skills in innovation, teamwork, leadership, globalization, and strategic thinking, then the Saunders online Executive MBA is right for you.

The online Executive MBA program is designed for professionals who have a minimum of six years work experience. This allows for knowledge to travel not only between faculty and students but between peers as well. The foundation courses (finance, accounting, statistics, marketing, leadership, and economics) are covered in the first half of the program while the second half focuses on building strategic skills through courses such as branding/new product commercialization, technology management, IT and supply chain management, international business, and negotiations.

About the Saunders Online EMBA Program

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Program highlights include:

Innovation

Learn to size up a business problem, look at it from a variety of perspectives, develop solutions that are “outside the box” and lead the change initiative.

Saunders International Experience

The is an unbelievable opportunity to experience a new business culture.

Teamwork

Collaborative teamwork is integral to the online EMBA program; you will be assigned to a small, diverse group of students that will remain with you throughout the program.

Globalization

The Saunders College EMBA program weaves globalization throughout the curriculum.

Strategic Thinking

Learn to understand the competitive landscape, weigh internal and external factors, develop a balanced scorecard and analyze the functions within any business.

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Online Executive MBAProgram

Recognition and Accreditation

The Princeton Review

Best 290 Graduate Business SchoolsThe Princeton Review, the New York-based education services company, includes the E. Philip Saunders College of Business in its 2008 edition of its book, “Best 290 Business Schools.” According to the Review, graduate schools were selected based on “academic programs and other offerings, institutional data ... and opinions of students.”

U.S. News & World Report

Best Colleges - Top 5%In each of the six years since 2004, the E. Philip Saunders College of Business undergraduate programs have ranked in the top 5% of all U.S. business schools, according to U.S. News & World Report’s America’s Best Colleges.

AACSB

RIT’s E. Philip Saunders College of Business undergraduate and graduate programs are fully accredited by the Association to Advance Collegiate Schools of Business International (AACSB), the premier accrediting organization for business schools. Only about one quarter of the institutions granting business degrees have received this accreditation.

The AACSB indicated the Saunders College of Business is “...undoubtedly one of the nation’s leaders in bringing total quality principles to the university.” These principles emphasize customer satisfaction, work productivity through teaming, and product and service excellence.

Middle States Commission on Higher Education

RIT is chartered by the legislature of the State of New York and accredited by The Commission on Higher Education, Middle States Association of Colleges and Schools.

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Rochester Institute of Technology’s rigorous online Executive MBA program is different from a regular MBA program in some fundamental areas. First and foremost, this EMBA is a challenging and demanding degree program designed to accelerate the careers of mature, high-performance professionals with significant business experience, unlike traditional MBA programs which are geared primarily toward a less experienced audience. This program is ideal for creative, innovative individuals who have gained their experience in the workforce and not just the classroom. Participants in this program have established careers and are looking for ways to use what they have already proven to be effective methods to accelerate and propel them even further up the career ladder. EMBA students master executive skills such as strategic and cross functional thinking and leadership. They learn not only from their knowledgeable and professional instructors but from their successful, motivated, diverse peer group as well. The EMBA encourages students to think outside of the box and places a strong emphasis on group networking. You will leave the program with a strong network of influential peers you will remain close with on a personal and professional level.

Course Descriptions

0102–806 Team Building and Ethics Each incoming student joins a study group of around four or five students selected for diversity of skills and experience. During this one-week course, students will understand how to motivate and lead teams as well as how to support the leadership of others. Students will undertake a critical evaluation of the ethical responsibilities of managers and corporations. This course also provides students with an overview of the rest of the EMBA program. 1 Credit

0101–801 Accounting and Organizational Goals This course provides an understanding of how accounting helps organizations achieve their goals. Special emphasis is given to the resolution of controversial accounting issues within the context of the firm’s goals. Topics include standards and practices of financial reporting, financial statements, inventories, long-term assets, bonds and other liabilities, and stockholders equity. 3 Credits

EMBA Program Overview & Course Descriptions

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0101–802 Managerial Accounting Managerial Accounting emphasizes identifying and applying the techniques used by managerial accountants to measure the cost of goods and services produced by the firm. The course focuses on understanding how managerial accounting is used to help organizations achieve their goals. 3 Credits

0102–810 Leadership This course focuses on the role of the general manager as a leader in an organization. The course addresses analytical and behavioral strategies and techniques for leadership by examining problem-solving models, personal values, and communications. The emphasis is on the interpersonal skills needed to express different leadership styles and behaviors. Cases, exercises, and class discussions will be used to examine and explore opportunities for managers to become more effective as leaders in modern organizations. 3 Credits

0106–860 Data Analysis This course introduces concepts and tools for analyzing complex business decisions and for interpreting and analyzing data. Topics to be covered include: descriptive statistics, basic probability, probability distributions, sampling distributions, interval estimation and testing. 3 Credits 0102–800 Leadership Development Skills Each student participates in a 360-degree leadership assessment process. Based on this formal review, personal development plans are created and serve as dynamic documentation of individual professional progress. Students arrange individual counseling sessions with a leadership coach. Co-requisite 0102-810. 1 Credit 0104–845 Valuation and Capital Budgeting The course introduces financial concepts of risk, return and valuation. The main application studied in this course, Capital Budgeting, arises in the corporate setting where managers allocate scarce resources to projects. Basic issues of capital budgeting covered include cash flow estimation and valuation techniques. Advanced issues include sensitivity analysis and the consideration of real options. 3 Credits 0104–846 Financial Analysis & Planning This is the second-part of a two-course corporate finance sequence for EMBA students. The overall theme is one of strategic control of corporate assets and liabilities. The five topics covered in this course are: (a) long-term financial planning, corporate financing and cost of capital (b) short-term financial planning and the analysis of short-term assets and liabilities (c) risk management and the corporate use of derivatives (d) the analysis of international activities (e) corporate control activities. Three topics are explored in depth: short-term financial management, capital structure and dividend policy, and risk and hedging. Short-term financial management includes the topics of credit analysis, financial forecasting and planning, working capital management and cash flow management. 3 Credits 0103–840 Microeconomics Models and applications that describe the efficient allocation of resources within a firm. Topics include supply and demand, consumer behavior, production, cost and pricing. 3 Credits 0102–862 Power and Infl uence Power and influence processes are pervasive and an important part of organizational life. This course has as its objectives enhancing the understanding of these processes and increasing the student’s skills in using them. Topics covered include the conditions under which power and politics are more likely to dominate decision processes, assessing the relative power of various actors, understanding the basis for their positions on issues, the sources of both individual and departmental power, power and influence strategies and tactics, and some functional and dysfunctional aspects of organizational politics for both individuals and the organizations involved. 3 Credits

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Course Descriptions Continued

0102–818 Strategic Thinking I The primary theme of this course is to examine how corporations can achieve superior financial performance through the establishment of a sustainable competitive advantage. Contemporary theories of strategic management will be discussed and critically examined for their relevance to the problems facing many of today’s managers. Topics include analysis of industry attractiveness, value-chain analysis, resources & capabilities, and business-level strategies. Prerequisites: 0103-840, 0104-845. 3 Credits 0102–819 Strategic Thinking II This course is a continuation of 0102-818 with an emphasis on corporate-level strategy and strategy implementation. The focus of the course is on the strategy of the firm as a whole, and the interrelations between different divisions. Topics will include related and unrelated diversification, and the various means of engaging in diversification - mergers and acquisitions, joint ventures, and strategic alliances. Contemporary theories of strategic management will be discussed and critically examined for their relevance to the problems facing many of today’s managers. Prerequisite 0102-818. 3 Credits 0105–851 Marketing Strategy This course offers a general management perspective on the critical impact of marketing in organizations. Topics include an overview of the marketing process, market research, segmentation, and target markets. The focus is on the process of creating, communicating, and delivering customer value through the marketing mix. The course is structured around the managerially controllable elements of the product, price, promotion, and distribution, plus the interrelationships of these elements. 3 Credits 0106–864 Systems Support for Operations This course focuses on the application of information technology to gain greater efficiency and effectiveness from operational and managerial processes and systems. The conceptual foundations of operations, supply chain management and information technology are surveyed and contemporary approaches analyzed from a managerial perspective. 3 Credits 0106–875 Business Simulation Teams of students manage a company in a computer simulated oligopoly industry, competing against companies managed by other student teams. The overall purpose of the Business Simulation Course is to: enhance the participant’s ability to make effective business decisions; encourage cross-functional thinking; foster strategic and systems thinking; and enhance team building and reinforce continuous improvement opportunities. Workshops on change management and consulting will give students the skills needed for their capstone projects. 4 Credits 0102–801 Leadership Development Skills II This course is a continuation of 0102-800. Leadership Development Skills II requires students to explore and expand their potential as leaders. Through self and peer assessment, one-on-one coaching, career counseling, and written assignments, students develop leadership goals and create a plan to realize those goals. Students arrange individual counseling sessions with a leadership coach. 1 Credit

0102–861 Managing Technology, Innovation and Research This course deals with the responsibilities and management challenges faced by managers responsible for research and innovation within high- technology firms. Topics will include: the critical role of innovation, internal technology assessments, technology transfer, the selection and management of R&D projects, and the identification of and management of disruptive technologies and business models. Particular attention will be given to overcoming systemic barriers to innovation. 3 Credits 0103–841 Macroeconomics Fundamental macroeconomic theories will be learned to explain and predict changes in economic growth, employment, inflation, consumer spending, business investment, and foreign trade. Financial markets, domestic and foreign, will be examined to understand changes in interest rates and exchange rates. The likely affects of government spending, taxes, and Federal Reserve Bank policies on the economy and business will be evaluated. 3 Credits

0105–865 Managing New Product Commercialization This course emphasizes the marketing and product strategy activities required to create, develop, and launch successful new products. Topics covered include identifying the market opportunity for new products, defining the product strategy, understanding customer requirements, developing and updating the product business plan, marketing’s role in the product development process, developing the marketing plan for launching new products, and managing the product life cycle. Best practices in activities required for successful new product commercialization are reviewed. (0105-851) 3 Credits 0102–889 Capstone Consulting Project I Teams of students analyze specific operational problems or improvement opportunities in client organizations. Teams identify relevant issues, collect data, develop alternatives and make recommendations to the client. The project, a two course equivalent, is the capstone experience of the Executive MBA program. Prerequisites: 0102-819 and 0105-851. 4 Credits 0102–820 International Business The primary objective of the course is to examine the strategies, concepts, theories, and practices associated with conducting international business. It seeks to develop the practical and theoretical problem solving skills needed in the international environment. 3 Credits 0102–825 International Seminar This international event is an integral part of the quarter long focus on the strategic and operational issues facing organizations in a global competitive environment. Students will engage in lectures, plant visits, and interviews with international corporate managers. Students will apply the insights gained from their previous and concurrent coursework. This seminar offers student an inside view of individual companies and industries, and some of the broader economic, political, social, and cultural factors that influence business opportunities and practices in a particular region of the world. 2 Credits 0104–850 International Finance This course examines how the international environment affects the practice of corporate finance by using a combination of theory and cases. Topics include an examination of the international environment the firm operates in, international investment, exchange rates and the management of risks arising from shifting exchange rates, and the problems of short and long-term asset and liability management. (0105 846) 3 Credits 0102–860 Executive Leadership The course explores leadership topics in depth with an emphasis on current management and leadership issues. During each class, a community leader guest lectures on topics of leadership. Past speakers have included senior-level executives from local industry, government, and not for profit organizations. 3 Credits 0102–890 Capstone Consulting Project II Teams of students analyze specific operational problems or improvement opportunities in client organizations. Teams identify relevant issues, collect data, develop alternatives and make recommendations to the client. The project, a two course equivalent, is the capstone experience of the Executive MBA program. 4 Credits 0102–802 Leadership Development Skills III This course is a continuation of 0102-801. In Leadership Development Skills II, students formally assess their leadership skills, meet individually with a leadership coach, and produce a written Leadership Development Plan that outlines their goals and an action plan to achieve them. In Leadership Development III, students revisit these activities at the end of the EMBA program to assess their progress in achieving their goals and to prepare for successful careers in their organizations. Students arrange individual counseling sessions with a leadership coach. 1 Credit

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Saunders International Experience

Throughout the online EMBA program you will communicate with your faculty and peers via email, discussions boards, chat rooms and conference calls. The Saunders International Experience is an unbelievable opportunity to not only explore a new business culture but to meet those you’ve been working with over the past year in person. Together, you will participate in the week-long Saunders International Experience to expand and enhance your global perspective.

Each year the location of the international residency is determined with a thorough examination of which global business areas are most focused on innovation and technology. Recent classes have gone to countries including Canada, Eastern Europe and China.

Your team will be assigned to a company you’ll need to research. You will then interview their management team to gain material for your paper. Past students have written on topics such as the challenges of running a business in a particular country. Rochester Institute of Technology’s relationships with international universities allow you to attend lectures on local business concerns, such as cross-cultural and financial regulations, and then apply what you learn to your international paper.

The Saunders International Experience is a unique opportunity to experience the inner workings of an international corporation while exploring the effects of culture and foreign policies on management functions.

Kick-Start Residency

Rochester Institute of Technology’s kick-start residency is a great start to your online learning experience. The residency takes place on RIT’s stunning campus and allows you to meet your classmates as well as the members of your group. This is an opportunity to bond with the diverse individuals you will collaborate with throughout the EMBA program and get an idea of everyone’s unique personality and experiences before you begin working with them. In addition to meeting your peers, you will have plenty of time to meet and engage with faculty and explore everything RIT’s campus has to offer.

Saunders International Experience & Residency

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{ I NOW SEE MY BUSINESS FROM AN INTERNATIONAL PERSPECTIVE }

Online Executive MBAProgram

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Online Executive MBAProgram

Five Levels of Support

Helping our online EMBA students is the goal of each member of Rochester Institute of Technology’s team. We are here to help you every step of the way with your own dedicated team consisting of:

1. Admissions Representative: guides you through the application process. 2. Student Services Manager: communicates with the university on your behalf. 3. Faculty facilitator: helps you with matters involving course content and requirements. 4. Lead faculty: experienced, highly regarded faculty develops relevant curriculum. 5. Technical Support: provides consistent, helpful, LIVE support 24 hours a day, 7 days a week, 365 days a year.

The Benefi ts of eLearning

As business professionals ourselves, we know that traveling to and from classes at a traditional campus is time-consuming and not always feasible. Rochester Institute of Technology’s EMBA program is delivered online and provides you with the convenience and flexibility required to complete your degree on your terms from the comfort of your home, office or anywhere with internet access.

The quality of the education you receive online is equal to that of any on-campus program with the added bonus of individualized attention. You will move through the program with a small group of approximately 15-20 other professionals. Together, you will interact with the instructor while discussing various topics related to both the course and the workplace. Due to the small class size, your faculty facilitator member is able to give you personalized attention and help guide you through the program.

The Four Advantages of Online Learning

1. Flexibility Log in anytime from any Internet connection. Post responses on the discussion board, receive feedback and submit assignments 24 hours a day, 7 days a week, 365 days a year.2. Connection Gain individualized attention from faculty and develop relationships with your fellow learners as you interact with them on a weekly and sometimes daily basis, creating a vast network of professional contacts.3. Interaction Post and respond to messages with your peers and professors. Online learning allows you to collaborate and share experiences with everyone in your classes.4. Timely Course content is continually updated and you can send questions or requests to professors, fellow students and faculty facilitator with just one click. Our faculty and staff usually respond within 24 hours.

Why Online Learning?

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Application Information

EMBA Application Process

To be considered for admission to the E. Philip Saunders College of Business online Executive MBA program, you must: • Have at least six years of professional experience and hold advanced technical, managerial, or executive responsibilities • Have earned a regionally accredited bachelor’s degree • Have a GPA of 3.0 and above • Applicants whose native language is not English are also required to take the Test of English as a Foreign Language (TOEFL) • GMAT waiver available based on your professional contributions and experience • Submit a completed application package

Application Package Components

A completed Executive MBA application package consists of the following items: 1. Completed EMBA application form 2. Current resume detailing all work experience 3. Official transcripts from all schools attended, must arrive sealed in the school’s envelope (including RIT transcripts if you studied here) 4. 2 letters of recommendation, one from your direct supervisor 5. Personal statement consisting of a brief summary of your career, key accomplishments and how you feel the Executive MBA will enhance and fulfill your career objectives 6. One-time, $100 non-refundable application fee (waived for alumni) 7. One-time, $100 non-refundable technology fee

Additional Components for International Students

International students also require: 1. Credits evaluated by World Education Services (WES) 2. Original mark sheets 3. Test of English as a Foreign Language (TOEFL) results with a minimum score of 580 on the paper-based test, 237 on the computer-based test, or 92 on the Internet-based test

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Online Executive MBAProgram

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Tuition, Fees and Financial Aid

Tuition and Fees

Tuition for students entering Rochester Institute of Technology’s 72-credit online EMBA program costs $778 per credit hour for a total tuition of $56,016. Tuition is inclusive of the International Residency; RIT will be responsible for hotel, meals, transportation (on location) and materials for the International Residency and students will receive a reimbursement of up to $1,000 for airfare upon submission of their receipt to RIT.

• Application Fee*: $100 • Technology Fee*: $100 • Orientation Fee*: $1,000 – Inclusive of hotel, meals, transportation on location and materials for the orientation (from Thursday evening to Sunday afternoon). Students must arrange and pay for airfare to and from Rochester.

*non-refundable

Students will be billed quarterly for the credits they are registered to take. The add/drop dates occur on the first 4 days of each quarter. Students will receive a 100% refund for dropped courses during that time period and no refund after that point.

For further information regarding the program or applying for fi nancial aid, please contact an admissions advisor toll free at 1-888-907-2808 ext. 3374 or email admissions@embaonline.rit.edu.

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Hardware Requirements

To participate in Rochester Institute of Technology’s online master’s degree program, your PC or Macintosh computer will require the following:

Minimum requirements for PC users:

Minimum requirements for Macintosh users:

Operating System: Windows 98/2000/NT/XP Macintosh OS 9 or higher

RAM: 128MB recommended

128 MB recommended

Free Disk Space: 50MB (100MBrecommended)

50MB (100MBrecommended)

CPU Speed: 266 MHz (500 MHzrecommended)

Power Macintosh or higher

Modem: 56K modem (DSL/cable modem recommended if your course is graphically intensive)

56K modem (DSL/cable modem recommended if your course is graphically intensive)

Sound Card /Speakers: Required for audiopresentations

Required for audiopresentations

Browser: MS Internet Explorer, Netscape Navigator (Netscape not recommended; however, most features will work)

Internet Explorer for Mac, Mozilla Firefox

Browser Plugins: Adobe Flash, Java, RealOne Player, Quicktime

Adobe Flash, Java, RealOne Player, Quicktime

Software: Microsoft Offi ce (recommended), Adobe Acrobat Reader

Microsoft Offi ce (recommended), Adobe Acrobat Reader

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Online Executive MBAProgram

How many classes will I be taking each quarter?Rochester Institute of Technology’s courses are 6 weeks in length. You will take 4 courses each quarter for a total of 25 courses and 72 credits over the duration of the program. How many hours outside of class should I plan for assignments?Everyone learns at a different pace, but typically executives put in approximately 20-25 hours/week to complete assignments and work with their team. Toward the end of the program, more time may be required to complete the Capstone project. Do I need to take the GMAT or GRE test to be admitted to the EMBA program?A GMAT is recommended if you don’t meet our outlined admissions criteria. A waiver is available based on your professional contributions and experience. What experience is required to enter the program?A minimum of six to seven years professional business experience is required to enter the program. This requirement is in place to ensure that participants have the background necessary to discuss and participate in the business issues brought to light throughout the program and during assignments. Where will I go on the Saunders International Experience?We are always looking at the global environment to determine a location where students can see some of the latest developments in technology, globalization and innovation. We have gone to the Czech Republic and China in the past. Each class will be analyzed separately to determine the best location based on the ever changing global economy. How will I get my books?All books and materials required for the classes can be ordered and delivered to you before the quarter begins. You do not need to go to any bookstore in person. What if I start the program and fi nd I cannot fi nish it?Each student is different and at times, personal situations arise that can make learning difficult. On an individual basis, we will work with you to determine the best path for you. It may include taking a leave of absence or waiting for a later online Executive MBA program to begin. Will I ever see my family and friends while I am in the program?Yes. You need to inform your family and friends that you will be taking a rigorous online Executive MBA program for the next 15 months and your time will be very limited in terms of social activities. However, with enough time to plan, you can attend many functions. Some students have been known to always keep reading assignments handy so that any time spent waiting can be put toward effective study time. How can I get my family and friends supporting me as I go through this program?Past students have found that tying your success to them is a good way to keep the support going. Perhaps a dinner at the end of the quarter might be a good start. Other students have promised their family/friends a large celebration at the end of the program which included a vacation.

What are some of the intangible benefi ts I will realize through the EMBA program?You will not only learn new business theories but you will increase your confidence, writing ability, presentation/speaking skills, leadership awareness, teamwork abilities, and network through faculty, staff, and peers.

What are the differences between an EMBA and an MBA?Executive MBA programs allow students to study as they continue to work while traditional MBA programs often assume that students are studying full-time. EMBAs also tend to enroll more experienced professionals with proven track records and demonstrated leadership potential. Top EMBAs match the quality and rigor of full-time MBAs but attract more seasoned individuals who are able to add greater value to each other’s education. Traditional MBA students possess more academic knowledge than business savvy and can take years to prove their potential, while the payoff from experienced EMBA students’ learning is tangible and immediate. Furthermore, the value of earning an Executive MBA midcareer continues to grow as organizations and students experience a faster return on investment.

Online EMBA FAQ’s

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The Online Executive MBA Program at the E. Philip Saunders College of Business | Rochester Institute of Technology

www.embaonline.rit.edu • admissions@embaonline.rit.edu1.888.907.2808 ext. 3374

Online Executive MBA Program

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