This article explores the development and defining characteristics of MBA and Executive MBA (EMBA) programs, with particular emphasis on comparing globally ranked institutions with those affiliated with the International Association of Jesuit Business Schools (IAJBS). Since their inception in the early 20th century, MBA programs have evolved from a technical focus to a broader educational model that includes leadership, entrepreneurship and international business strategies. The EMBA, tailored for experienced professionals, emerged in the 1950s and is designed to accommodate executives' demanding schedules while emphasizing strategic leadership. High-quality MBA programs are marked by rigorous curricula, expert faculty and robust alumni networks. Prestigious rankings—such as those by the Financial Times and QS—evaluate programs based on academic excellence, internationalization, faculty quality and post-graduation outcomes. This paper analyzes the top 30 EMBA programs based on these benchmarks as well as MBA and EMBA programs offered by IAJBS affiliated Universities and Business Schools, highlighting their emphasis on professional development and global engagement.
The study reveals that while both global EMBA programs and those from IAJBS institutions share a commitment to academic excellence and leadership preparation, they diverge in areas such as international reputation, faculty prestige and the integration of values like ethical leadership and social responsibility. IAJBS programs emphasize the formation of value-driven leaders, while globally ranked programs excel in return on investment and international networking. The article concludes by recommending that IAJBS institutions enhance their global presence and deepen the integration of Jesuit values such as sustainability and social justice into their curricula. Such efforts could help position them as distinctive, mission-driven alternatives in the competitive EMBA landscape.