Based on the data of the best EMBA ranking in China selected by Manager Magazine,DEA and Malmquist index were used to evaluate the efficiency of EMBA programs of top 17 business schools in China.The results show that the overall EMBA programs have a high value on technical efficiency due to the high pure technical efficiency and scale efficiency.As the technical regress deepened,the total factor productivity of EMBA program presents a dropped tendency.According to the cross analysis of technical efficiency and total factor productivity,different business schools should adopt different development strategies.