9 different routes to study an MBA Program #MBAseries #2
It is very necessary to have a proper definition in your Idea about choosing a particular MBA variety and the specializations available. The prospective student should engage in a research about the course content, flexibility, facilities, job opportunities, accreditation, academic expertise and career support. In addition to that, seek for scholarships and other fee waiver opportunities to find discount over the hefty amount one pay to pursue an MBA program (follow WeMakeScholars.com for comprehensive information on MBA scholarships across the globe).
The Scope of an MBA programme is huge over your professional experience. MBA courses are often available in a variety of methods and each plays a different approach in developing the student for the industry.
1. Full-time MBA
One to two years of full-time graduate study. It requires a dedicated 12-24 months attendance in a business school classroom with participants working intensively on assignments, case studies etc. The American Universities provide a two year MBA program with internship opportunities while the universities in Europe provide a much more intensive One year program with no internships however it helps you graduate within an year and get back into the industry without losing another year from their American counterparts. Students gain knowledge and skills in both domestic and global business through experience and interaction with clients, professors, business leaders, industry experts and fellow students, both inside and outside of the classroom.
2. Accelerated MBA
The accelerated MBA is mostly a core inclusive variation on the two-year program to be completed typically in 12 months. Participants can expect a higher course load and a more intensive class schedule. One-Year MBA allows you to bypass core classes and focus more about advanced studies that are stringent to your career goals and set you apart from the competition. At the same time, you still will be able to take advantage of the vast experiential learning opportunities; world-renowned faculty and distinct cross-disciplinary thought leadership model that makes you stand out in a crowd of professionals.
3. Distance learning MBA
The majority of the time, participants studying a distance learning MBA will learn via video and audio recordings, teleconferencing and online or offline computer courses. Many distance learning MBA programs also require participants to organize meetings with their ‘online’ classmates as well as attending classes, usually held on weekends, at various times throughout the program. Though you may study on your own, you will not be alone. This route includes the support from teaching faculty and access to fellow students through online facilities, which facilitates peer student contact with an emphasis on local groups. It helps you grow your network in the digital age also providing real time experience in real world networking opportunities. This method is also called as blended learning.
4. Online MBA
If a person is well disciplined, self motivated and career oriented with less time to spare the horizons of a business school he can make avail of the Online MBA programme from the comforts of his own zones. Participants can gain the qualification from high ranking universities and apply for it immediately from their everyday work. Many employers have realized the commitment an online MBA requires of an individual and today, an online MBA degree is just as valued in the workforce as that of an MBA acquired in the classroom.
5. Executive MBA (EMBA)
The EMBA program is delivered in a part-time format, over a period of 12 to 24 months, allowing participants to study while they work designed to best suit an experienced working professional who cannot afford to take a prolonged period of time away from their career with experience in field ranging from five years to ten years on an average scale. Mostly EMBA is provided by the professionals working industry as part of their higher learning programmes amongst its work-forces.
6. Professional MBA (PMBA)
The professional MBA can be defined as a proportionate clone from the likes of a part-time MBA and intensive EMBA, apart from that it provides even greater flexibility than many programs, allowing participants to study via evening or over the weekends while also switching between them on ease. This particular MBA gives power to the candidate pursuing the course at the same time being monitor by the institution over any shortcomings or lag from the student in choosing smartly over the plan. It can be completed over a period of 12 months as well which makes it an added advantage for some professionals.
7. Global EMBA (also known as GEMBA)
The global EMBA is a modular EMBA that has participants experiencing not only a different classroom environment, but different countries and cultures at the same time. Global EMBA programs are usually combined programs between different schools or campuses of the same school around the globe. The quality of the degree is expanded with cross cultural environment studies and brings about a training which naturally helps the candidate to adapt to any situation on every level of management. Global EMBA programs are competitive and also usually more expensive. Participants must not only deal with the workload but also the travel involved on such a program.
8. Modular EMBA
The modular EMBA is the most intensive in the lot. Participants undertaking the course are required to attend classes over the week and train with the modules on a strict schedule of modules and assignments. One is expected to put a complete round the clock focus on the program during the study period and requires a lot of dedication from an individual. The period of completion for the course could be around an year or two.
9. Part-time MBA
The part-time MBA degree is a full-time program studied over three or more years. The students work at the same time while pursuing their MBA and are required only to attend classes over the weekends and vacations. The program varies with each university and the best suitable timings are chosen by the candidates to bring about an extensive work life balance.
That brings us to the final step towards an MBA Choice with Specialization over the MBA programs and choose the best programs. Here are the list of most extensively accredited forms of MBA available around the world
- Business Management
- Global Management
- Human Resources Management
- Information Systems
- Operations Management
- Strategic/Risk Management
- Technology Management
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