What is Full time, Part time and Distance MBA?

August 21, 2020December 8, 2020 Admin 0 Comments

Full Time MBA

The full-time MBA (master’s of business administration) degree is a general management degree that seeks to give students a detailed understanding of how business functions and how business leaders rise to meet an ever-changing set of circumstances and challenges.

The core (required elements) of an MBA program will almost always include courses in finance, marketing, strategy, human resources and operations management – no matter where in the world a student opts to study.

Outside of the core, course options – or electives – are offered by the world’s top business schools to allow students to gain a specialization (or concentration) in a particular area of interest – most often one that is closely related to the industry in which the student wishes to work post-graduation.

Areas of specialization/concentration that are currently of most interest to MBA candidates, as highlighted in QS’s annual survey of applicants from around the world, include international management, strategy and leadership.

Part Time MBA

The Master of Business Administration (MBA) is an internationally-recognised degree designed to develop the skills necessary for careers in management and business. Attaining an MBA enables individuals to learn how to successfully manage, lead, organise and adapt in a variety of business environment. MBA is a degree course offered by the universities (both private and government) and colleges affiliated to these universities. Postgraduate Diploma in Management (PGDM) is a diploma programme offered by B-schools which are recognised by the Central government’s nodal body for technical education, All India Council for Technical Education (AICTE). PGDM and MBA are both business-orientated programmes designed with an aim to equip an individual who wants to climb up the hierarchy and foray into the management field.

Part-time MBA/PGDM programme is specially designed for working professionals who cannot take time off work to attend full-time course. This programme is particularly appealing to individuals who wish to progress in their existing career. It can also be beneficial for individuals who have already developed a network of business relationships which can facilitate a change of career. Part-time MBA/PGDM students also have the unique opportunity to integrate their learning directly with their day-to-day professional roles. They can get promotions in their existing organization, in addition to getting lucrative and promising job opportunities.

Distance MBA

Distance MBA course is a flexible and affordable Government recognized MBA programme which does not require you to attend regular daily classes. So, if you are unable to pursue full time MBA for lack of time or due to high cost, Distance MBA Education is a good option. The Top Distance MBA colleges in India offer offline Correspondence MBA, Online MBA or a combination of two in Distance Learning mode. Distance education, including Distance MBA, is controlled by University Grants Commission (UGC) which is working to improve the quality and better governance in this sector.

Types of Distance MBA Colleges
Ministry of HRD, Government of India, has recognized six types of institutions to offer Distance Education and Distance MBA in India:

1. Distance MBA offered by National Open University or IGNOU

2. Distance MBA offered by State Open Universities

3. Distance Education Institutions (DEIs) at Institutions of National Importance

– Central Universities

– State Universities

– Deemed to be Universities

– State Private Universities

4. Distance MBA offered by DEIs at stand-alone Institutions

– Professional Associations

– Government Institutions

– Private institutions

Best Distance MBA Colleges in India
Some of the best Distance MBA colleges in India are:

NMIMS Global Access School for Continuing Education
Symbiosis Centre for Distance Learning (SCDL)
IMT-Centre for Distance Learning (IMT-CDL) Ghaziabad
Indira Gandhi National Open University (IGNOU)

Let’s get into major difference between all three

Parameter	Full Time MBA	Part Time MBA	Distance MBA
Time Commitment	Full time MBA Requires your complete commitment of 1 year in case of Executive MBA and 2 Year in case of Traditional MBA	Major advantage of Part Time MBA is you can continue your work and attend classes during weekends or evening on weekdays.Your job must not be of travelling nature if you wish you attend such course.	Most flexible option available. With distance MBA variety of specializations available. This course is useful only when you have some experience and you would not be able to attend classes of Full time or Part Time MBA
Recruiter’s Choice	Full time MBA is most preferred by recruiters or organizations	Part Time MBA can certainly provide you option of lateral promotion opportunities along with enhancement of skill set. As you are already working it becomes easier to apply skills. Recruiters look for either certificate from reputed university or niche course for part time MBA.	This is bit out of favour within recruiter community. But now many advance distance education courses coming with concept of online classroom with live interaction with professors and other students. With advancement of technology Distance MBA is going to gain favour from recruiter community.
Peer Learning	Full time MBA provides best option of peer learning. MBA is not all about text book knowledge but to develop prospective about particular business situation , understanding different cultures, sectors. You can learn most from your peers in addition to text book knowledge.	Part Time MBA can also provide peer learning opportunities if there is some group assignment, group research based learning options. You need to complete certain assignments in group which can help you to learn from the peer students.	Distance education’s major disadvantage is lack of peer learning. You miss opportunity of learning from other peer students, you miss chance to participate in discussions, group works. But this is compromise and flexible option where time commitment is lowest.
Fees	Generally Fees for Full time MBA is highest and you need to identify overall budget for it and you also need to consider total salary earning you will be missing due to 1/2 year commitment.	Part time MBA Fees is generally less than Full Time MBA option and you have advantage of continuing your salary income while studying.	There is great advantage of distance learning MBA as Fees are lowest compared to other options and if your budget is not high then distance MBA is best possible options for you.

Last Updated: 08 Dec 2020

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