Skip to content
  • Nsirc
  • News
  • 2024
  • How to save thousands on the cost of your Executive MBA

How to save thousands on the cost of your Executive MBA

Thu, 16 May, 2024

Harness Apprenticeship Levy to provide EMBA Funding

Are you considering pursuing an Executive Master of Business Administration (EMBA)? The cost of such a program can be a significant investment, but the potential returns in terms of career advancement, salary increase, and professional network expansion are often substantial. However, the high costs associated with traditional EMBA programs can be a barrier for many individuals.

How much does an EMBA cost?

The average cost of an EMBA program in the UK ranges from £30,000 to £60,000, with some prestigious institutions charging even more. For example, the University of Cambridge EMBA in September 2024 will cost £88,900. These figures may seem daunting, but there is a way to access EMBA-level learning and qualification at a fraction of the cost.

What you need to do...

Enter the Senior Leader Apprenticeship (SLA) program, which is fully funded by the apprenticeship levy and aligned to the Level 7 Senior Leader Apprenticeship standard. This program, designed in partnership with the Chartered Management Institute (CMI), provides almost identical learnings and content to the requirements of an EMBA.

Upon successful completion of the program, individuals have the opportunity to top up their existing SLA PG Diploma to an EMBA qualification.

Offered in collaboration with De Montfort University, Leicester Castle Business School, the optional EMBA top-up only costs only £4,250 in 2024. Additionally, a scholarship of £1,000 is applicable to students who meet DMU's entry criteria, as outlined on the DMU website. This presents a significant cost saving compared to traditional EMBA programs.

The EMBA module is designed to accommodate working professionals, as it is taught part-time over 10 months, with two days of face-to-face teaching followed by independent research supervision. Participants also have access to individual supervision, a personal tutor, digital skills support, and library services.

One of the key components of the SLA program is a 60-credit module, during which participants undertake an independent work-related project within a business context to address a current business issue, challenge, or problem in their own organization (where possible). This practical application of knowledge ensures that participants gain valuable real-world experience while pursuing their qualification.

In summary, harnessing Apprenticeship Levy funding to access the SLA program offers a cost-effective pathway to obtaining an EMBA. By taking advantage of this opportunity, individuals can acquire a prestigious qualification, expand their skill set, and enhance their career prospects without the financial burden typically associated with traditional EMBA programs. This innovative approach to executive education demonstrates the evolving landscape of professional development and the value of alternative pathways to academic and career success.

Photo: Unsplash
Photo: Unsplash