An Master of Business Administration MBA is generally a two-year program, stretched out to three or four years if students choose to go part-time. An MBA doesn't require applicants to have professional work experience, but they usually must take the GMAT as part of the admission process to a school.

An Executive Master of Business Administration EMBA, is also a two-year program, but it's aimed at business executives with five years’ managerial experience.
The average age of students ranges from 32 to 38 years old.

Full-time MBA students have full-day, intensive schedules, making it tough to maintain a job outside the program.

EMBA students keep their full-time jobs, and typically attend classes on Fridays and the weekends.

In addition to core business-basics classes, MBAs can specialize in such areas as finance, marketing and entrepreneurship, and they can usually choose when to take a class.

EMBA students face faster-paced classes, but they cover the same material.

With an MBA, tuition’s on you, though it usually costs a bit less than the EMBA.

In the top business schools, expect the total cost to be more than $150,000.

For an EMBA, usually your employer pays most—if not all—tuition costs.

In terms of location, with an MBA you can attend classes at whichever school you get into and choose.

For an EMBA, if you're working at your job, you're limited to area schools.