With 2012 just days away, financial advisors looking for that new year’s resolution that just might stick should think long term: Rather than a diet that buckles before the first tempting pretzel dip on Super Bowl Sunday, consider finding an Executive MBA program that will deepen your knowledge and broaden your perspective.
Unlike that diet, the process is easy and enjoyable at first–as you explore the various options–and only gradually builds intensity as you start your learning program.
Financial advisors are a natural fit for EMBA programs since they very typically have bachelor’s degrees in business or economics and have achieved success in running a small business, but typically do not have advanced business degrees. And the lack of an MBA does nag at many advisors with a thirst for more sophistication in their investment analysis or their management of their own retail operations.
Linda Abraham, founder of admissions consulting service Accepted.com and co-author, with Judy Gruen, of the new book MBA Admission for Smarties, says EMBA programs are targeted to business people who are 10, 15 or even 20 years out of college.
In an interview with AdvisorOne, Abraham says that when it comes to mid-career people, grades and test scores may be less important career achievements. “These programs are looking for progress at work, responsibility at work, leadership at work. Your resume has to resonate,” she adds.
For those who are anxious about the GMAT standard admissions test for business school, Abraham says there are some programs that accept the more general graduate school admissions test, the GRE, and others that require neither, so an applicant is free to take the test and not submit his score if he is unhappy with it. The University of Michigan Ross School of Business is an example of a big-name school that does not require a test.