At that price it would be worth taking a top up BA in management online and then doing that MA.
I emailed them to check my options, however I received this answer from ESCP regarding their EMIB.
EMIB is a private Executive Master degree issued by ESCP Business School, the same as any other on site Executive Master. It's not an official degree which means that you cannot pursue a PhD after it, and it's not recognized by the government like degrees from a public University, but it is widely recognized in the private sector. In order to pursue a PhD, you would need a Master more oriented on research and theory, and one recognized by a certain country where you plan to do the doctorate degree. ESCP's goal is to be widely recognized in the private sector, which we already are, as inside of this Programme we already have professionals from most important international companies in the world.ESCP is a Business School focused on private sector, meaning that we are focused on that recognition more than official recognition from a certain country. We have decided to do that because that gives us more flexibility - we change and adapt our curriculum every year, as we make updates on current trends and situations, and if this Programme were connected with the government, that wouldn't be possible as changes done that way can take up to 4 years.