Is prior experience important for understanding return on investment in an Executive MBA?

Executive MBA costs can vary greatly by institution, format, duration and included services. A sensible decision should consider the total fee, payment schedule, travel costs, employer support and the value expected from the programme. For an Executive MBA participant, return on investment becomes more useful when it can be translated into measurable action at work. This answer specifically addresses: Is prior experience important for understanding return on investment in an Executive MBA?