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Would your career benefit from an EMBA?

An Executive MBA is by no means just another upward step on the executive career ladder. In fact, it’s a transformational business qualification that can provide immense value for people at many crucial points in their professional life – and for those wanting to change careers altogether.

Would your career benefit from an EMBA?
An MBA is an excellent way of refreshing or changing your career. Photo: Getty Images

As long as you have at least eight years of management experience, and motivation to invest in yourself and your career, an EMBA can revive careers that feel in the doldrums, reinvent them in a new industry or help smash a professional glass ceiling. 

Together with EDHEC, one of the leading schools in both France and Europe for executive education, we give examples of career professionals who could reap the benefits of this powerful qualification. 

Early risers

‘Early risers’ are those with a plan to rise through the ranks early in their career. If you know what you want and where you want to be, yes, an EMBA is an ideal way to ensure rapid career progression. An EMBA – especially one that can be completed part-time – allows for the latest strategic thinking and research to be applied in your workplace, with all the career benefits that follow.

An EMBA is, for many organisations, a strong investment in an individual that has long-term benefits. Not only does it expose them to the latest ideas, but also inspires loyalty and employee retention. It can even form a step on a negotiated career plan, giving you stability as you study.

That said, an EMBA can be of solid value to many more than those towards the beginning of their careers.

Career revivers

We can all reach a point where it feels like, professionally, we’re ‘spinning our wheels’. You may seem as if you have reached as far as you can go without further qualification, or that your knowledge and skill base no longer feel as fresh and current as they once did. It could simply be that you feel removed from what you began doing within your organisation in the first place.

An EMBA is the ideal ‘career reviver’ for several reasons. Alongside high-quality teaching, EMBAs often prioritise experiential learning, project-based assessments, and other forms of ‘learning by doing’. EMBAs also, by necessity, expose you to a wide range of experienced professionals within your cohort, each with their knowledge and skills to share.

Speaking of your cohort, you will find they may introduce you to a broad range of management styles and techniques that you can apply to your career. Alongside continuous coaching programs like EDHEC‘s ‘Transform360’, personal development happens both within and outside of the classroom and helps you grow as a leader.

What if you’re looking for something else, however?

Whether you’re wanting to refresh or reinvent your career, an EDHEC MBA is the highly personalised tool you need to thrive. Apply now for March 2023’s intake

Always moving forward: Whether its a seat in the boardroom, or creating the world’s next great app, EMBAs propel careers. Photo: Getty Images

Career changers

For many of us, years of experience lead us to want to try something new. A fresh career calls, in a completely different field – but that doesn’t necessarily mean that you need to start all over again.

EMBAs are ideal for those changing careers as they allow participants to ‘dip their toe’ in various aspects of their new field of work. You can gain a clear understanding of ideas, systems and processes in a structured, supported manner, both in class and throughout the practical components of the qualification.

An EMBA also has incredible value for those going into business for themselves, such as entering the start-up world. Flexible and personalised EMBA programs, like that offered at EDHEC, make sure that you can tailor your program to fill your knowledge gaps, without having to tread over old ground. EMBA graduates are given a comprehensive understanding of business skills, with a global outlook – vital in the digital 21st century.

Ceiling breakers

Perhaps you feel as if there’s a ‘glass ceiling’ within your professional environment – a distinct lack of those like you within senior management. If you feel it’s time to crash through that barrier, an EMBA is an essential tool.

EMBAs are impressive  to senior leaders. They demonstrate a great deal of commitment, in terms of time, energy and sheer hard work. Those graduating from an EMBA program are equipped with the latest in business intelligence and technological understanding. They are a very hard qualification to ignore when it comes time to demand a seat at the table.

What if that’s not recognised within your organisation? Simple – an EMBA turbocharges your employment prospects through your suite of skills and the wide alumni network that you can draw upon.

Your best next step

If you’re still wondering whether an EMBA is right for you at this point in your career, consider the data. In a 2021 survey carried out by EMBAC, the key body overseeing EMBA programs, 39 percent of participants received a promotion before the end of their program and 53 percent were given new responsibilities (and the accompanying salary benefits).

An EMBA can provide immense benefits, no matter where you are in your career journey, whether it’s climbing the organisational ladder, or trying something completely new. Now, it’s time for you to consider the right program for you, one that suits both your personal and professional situation.

EDHEC’s EMBA can be tailored to work for and around you. Learn more about one of Europe’s strongest programs before the next intake begins in March

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PARIS

Paris population: Why are people fleeing the French capital?

The population of Paris has been falling by more than 12,000 people annually for almost a decade, figures from France’s national statistics agency Insee reveal.

Paris population: Why are people fleeing the French capital?

Between 2014, when the capital had a population of 2.22 million people, and 2020 – when 2.14 million people called it home – an average of 12,400 people left the capital every year. 

While the pandemic saw some people moving out of the cities in search of more living space, in Paris this trend pre-dated Covid-19 and has a more prosaic cause – a shortage of housing.

“In Paris, the population continues to decline, and has done so for nine years,” Insee said in its report. “These departures … are motivated in particular by the high cost of housing, the reduced supply of large housing for families and the search for another living environment.”

And it seems that although some people are moving to the country, or a cheaper city, the majority of Parisians are not moving far – instead they are hopping over the périphérique to the less-expensive suburbs.

The sharpest fall in inhabitants has been in the seventh arrondissement, where nearly 7,000 people, 12.6 percent of the population, have left.

“For years I have been asking the Paris City Council to create intermediate housing to allow families to stay in the VIIth,” arrondissement mayor Rachida Dati told Le Parisien. “Finally, I fear that the increase in property tax decided by the City will also accelerate the departure of those who owned their property.”

READ ALSO MAP: Which areas of France are set to see a population fall by 2070?

In comparison, the 18th arrondissement – one of the most heavily populated areas of the city – has lost more inhabitants, 8,000 but that equates to four percent of its population. 

In the south of the city, the 14th arrondissement recorded a decline of 5.1 percent, while the fall was 2.5 percent in the 12th, 13th and 15th arrondissements.

Only two areas of the city have seen an increase in population. The ninth arrondissement has seen the number of inhabitants increase by 1.3 percent, while the population of the fourth – despite high property prices – has jumped 8.5 percent. 

“Since 2001, we have been pursuing a strong policy aimed at creating living spaces for all social classes,” Ariel Weil, mayor of Paris Centre said. “These figures confirm our strategy. We pre-empt, buy administrative and office buildings to transform into social and intermediate housing. 

“The primary objective is for families to stay. We still have room for improvement in the 1st and 2nd arrondissements, where there is a lack of housing.”

Insee said the reason for the decline was a shortage of affordable housing for families, with people increasingly moving beyond the périphérique in search of suitable accommodation. It predicted Paris’s population would dip below two million in the 2050s.

‘Burb growth

Outside Paris, the suburbs are seeing strong demographic growth, Insee’s figures showed, with Paris the only département in the greater Paris Île-de-Frace region to show a population drop.

Driven by population surges in Aubervilliers, Pantin, La Courneuve and Romainville, the department of Seine-Saint-Denis now has 1,655,422 inhabitants, making “the 93” the second most populous department of Île-de-France behind Paris.

Thanks to a strong birth rate, resident numbers in Seine-Saint-Denis increased 0.9 percent year on year over the same period in which Paris saw a 0.6 percent decline.

But the birth rate in the département has averaged 1.3 percent since 2014.

“What we see above all is the Parisian phenomenon: a whole population is driven out by speculation … while we see a rejuvenation of our population with young couples moving in and therefore a dynamic of class openings for example,” deputy urban planner for Montreuil Gaylord le Chequer told Le Parisien as he predicted growth was set to continue.

READ ALSO Births, marriages and many deaths: Five things that happened to France’s demographics in 2020

With 113,116 inhabitants, Saint-Denis is the most populous city in the area, with Montreuil (population: 111,367) enjoying stronger demographic growth of one percent compared to 0.4 percent, thanks in part to improving public transport connections to the capital.

A major expansion of the Metro system is putting more and more suburbs within easy commuting distance of central Paris. 

Population growth in Ile-de-France towns and cities outside Paris is exploding. The population of Romainville jumped 22.8 percent between 2014 and 2020. In Aubervilliers, the number of inhabitants rose 11.4 percent over the same period. Resident number jumped 18.6 percent in L’Ile-Saint-Denis, 10.1 percent in Pantin, and 14.6 percent in La Courneuve.

Banlieue boom: Why Parisians are moving to the suburbs

But the increased population brings additional problems, with facilities struggling to keep pace. Romainville is building a new 18-classroom school to deal with educational requirements, while daycare provision has to be doubled.

The problem is financial. Government allocation is based on Insee’s data – which, by the time it is released, is three years out of date. The mayor of Romainville estimated the resulting shortfall in funding is up to €1 million a year.

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