AACSB, the international accrediting body for business schools, at the conclusion of their
2005/2006 review of our academic courses, singled out Pace's EMBA program as "highly innovative, ahead of its time, and
unique in the marketplace." This page will tell you more about what makes Pace's program unique and why the Pace EMBA
program has a number of clear advantages over other executive MBA programs.
#1 - Accomplishment-based admissions
At Pace, we respect your life experience, so we do not require the GMAT test for admission. We feel that your accomplishments in business, and many times in other advanced degree programs, are sufficient to help us determine your likelihood of success in the EMBA program. We do not find it appropriate or necessary to require executives to take a test designed for college students. Instead, two senior faculty members will meet with you to help determine if your capabilities, skills, and interests match well with what we offer in the Pace EMBA program.
#2 - High flexibility
We know you can't be in the same place every week. That's why you are interested in an executive MBA program rather than a traditional program. Your job frequently demands late hours and, perhaps, extensive travel. The Pace EMBA program is set up so that you can fully participate in the program when your job or lifestyle does not allow a weekly or even biweekly commitment to one location. While our program is intense and highly involving, your presence on campus is required for only one residency every 10 weeks for a total of just nine residencies during the two-year program. This makes it a perfect fit for busy executives who can't commit to leaving the office early enough every week to get to a night class, or every weekend for a Friday or Saturday class. It is also a great fit for executives who travel extensively or who may change jobs or locations. Our 2006 class includes students living in Uruguay, California, Florida, and Maryland, as well as in the metropolitan New York tri-state area. The class also includes several students who travel extensively in their jobs.
#3 - Faculty involvement
Pace EMBA faculty do not teach just one course for one semester. Six of our best faculty members are assigned to each EMBA cohort, and they are all actively involved with students during the entire two years, from the orientation to the final presentations. One professor has primary responsibility for each module, while the other five help with the module and work with student teams to facilitate progress on the project. Each team has a faculty facilitator who interacts continously with the team online and participates weekly in a conference call with the team. All six faculty are present throughout each residency, working and sharing meals with the students for the entire three-day session. With an average of 22 students in each class, the Pace EMBA faculty/student ratio is better than 1:4 and the faculty get to know the students very well.
#4 - Interdisciplinary problem-solving
At Pace, we believe in learning by doing. Every course involves solving a specific business problem and making recommendations to a client. Individual learning exercises and discussion board topics are also assigned in each module, but the main focus of the module is on a team project to solve a business problem. Business problems, as you all know, don't sort themselves neatly into disciplines. Every Pace EMBA module is interdisciplinary and is team-taught by faculty from six disciplines. While each module has a primary learning objective, like marketing or accounting, the assigned project for each module includes components from other business disciplines as well.
#5 - Focus
The Pace EMBA is designed so that you can focus all your attention on just one module at a time. You are not distracted by trying to learn a wide variety of material all at the same time or working on several projects at once with multiple teams. You can concentrate on just one team project and related learning exercises for each 11-week module.
#6 - Collaboration
Pace's EMBA program is based on team projects that encourage intense collaboration among students and between students and faculty. This not only helps students develop teambuilding skills and the skills to successfully collaborate with colleagues, but it also helps build close networks with others in the program that last for many years after graduation. Each module has a team project and you work with a different team for each module. This allows you to experience working with people with many different backgrounds and personalities and to work extensively with virtually everyone else in your class at some point in the program.
#7 - Innovative application of technology
Team meetings, learning exercises, debates, computer simulations, class discussions, project brainstorming, researching, sharing information, asking questions, and submitting assignments can all be done in your pajamas in the comfort of your home – or in the middle of the Sahara desert, or the beaches of Uruguay, or a Las Vegas casino (all places where 2006 students claim to have submitted recent assignments). Pace's Blackboard course management technology allows students to access all course information, share data and files, have conversations, and submit assignments all on the same website. Pace EMBA modules use this technology to run simulations asynchronously, to foster debates on a wide range of topics, and to answer student questions, in addition to providing a tool for students to communicate. Pace also provides a conference call service that students can use to conduct voice meetings.
#8 - Wall Street location and business partnerships
Pace's location in downtown Manhattan makes the residencies especially convenient for those working in New York's financial district. Many executives from financial services in the Wall Street area choose to participate in the EMBA program at Pace. Pace's location in the financial center of the world also allows for regular student interaction with Wall Street firms and other area companies. New York business executives regularly participate in class sessions and serve as reviewers for student presentations. Many of the team projects in Pace's EMBA program are developed with actual New York business clients.
#9 - International recognition
In a recent re-accreditation letter to Pace University's president, AACSB, the international business school accrediting association, gave very high praise for the Pace EMBA program, calling it "highly innovative, ahead of its time, and unique." U.S.News & World Report also has recognized the quality of Pace's MBA programs, ranking Pace's part-time MBA programs among the best MBA programs nationwide. Many newspapers, including the New York Times, have recognized the high quality of the Pace EMBA program as demonstrated in the press clips on the EMBA Web site. Student and alumni satisfaction with the program is also very high, as evidenced by the testimonials from former and current students.
We believe we are truly different from all the other executive MBA programs in the country. Come to an open house and see what all the excitement is about. We are confident that the more you get to know us, the more you will recognize the advantages of the EMBA program at Pace University.
#10 - Extended family
The Pace EMBA program takes the cohort concept one step further. Students and faculty in the program become like an extended family. While the Pace EMBA program includes just nine on-campus residencies, students and faculty are involved round-the-clock when they are in residency. All students stay Friday and Saturday nights in the same downtown New York hotel during residencies (completely paid for by the program) and faculty and students eat all meals together for the three days on site. Then, while students are off-site, most have nearly daily contact with their teammates and faculty facilitator using Blackboard electronic discussion boards. All teams also have weekly "meetings" via telephone conference calls at a time that the group determines is most convenient. This helps to establish close friendships and a very strong personal and professional support network for students in the program.