Thanks to penetration of Technology , higher education enrollment is picking up across India. There are many B schools coming up in metro cities. Some of the niche programs specialized in Retail, Infrastructure,Piping Engineering Design are coming up compared to traditional MBA courses in Marketing, HR, Finance, IT management.
MBA courses are also available with different duration 1 year, 2 year, 10 months and along with fee variability, there are some MBA courses with fees of 50,000 per yer to courses with Fees of Rs 450,000 per year. If you are confused for which course to go for Full Time, Part Time or Distance MBA, here is our analysis which might help you to select right course
|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.|
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In today’s age, the dependence of humans on technology is tremendous.
There are many B schools that are coming up in metro cities with various types of courses coming up. New courses in MBA like Retail are gaining traction alongside conventional MBA courses like Finance, Information Technology, Human Resource, etc.
MBA courses are also available with different durations of 1 year, 2 years, 10 months. They also have fee variability, there are some MBA courses with fees of 50,000 per year to courses with Fees of Rs 450,000 per year.
Technology has also helped bring about different types of courses that vary in terms of attendance like Full-time courses, Part-time courses and Distance courses.
Due to the evolution of such courses, there are multiple avenues open for you. You can choose a course that suits your lifestyle and your passion.
If you are confused for which course to go for Full Time, Part Time or Distance MBA here is our analysis which might help you to select the right course.
This parameter deals with the time you have to dedicate to your course on a periodic basis. This can be a deciding factor if you are a working professional or have to travel a lot.
A full-time course requires your full dedication and commitment for the duration of the course. An Executive MBA requires 1 year of commitment while a traditional MBA requires 2 years of dedication.
If you do a part-time course, you can attend classes on weekends or in evenings on weekdays, much like night school. This is very apt for people who are working and want to pursue an MBA degree. This enables you to work and learn simultaneously. The only constraint about a part-time course is that you can’t have a job that necessitates a lot of travel.
This is the most flexible option to pursue an MBA and it comes with a variety of specializations. The catch about this course is that you won’t be attending classes like in a full-time and part-time course. It is beneficial only if you have the hands-on, practical experience.
2. Recruiters Choice
This parameter discusses what recruiters want when hiring employees. They assess your degree certificate, whether it is from a reputed university or not, along with your potential.
A full-time MBA is the most preferred by recruiters.
A part-time MBA works as an opportunity for lateral promotion along with skill set enhancement. It becomes easier for you to implement these skills since you are already working. Recruiters look for certificates from reputed universities or niche course from part-time MBA.
Distance courses are not usually favoured by recruiters. However, this is about to change as education technology develops. There are many advance distance courses coming up with concepts like online classrooms, live interaction with professors. This will increase the acceptance of distance MBA courses in the near future.
3. Peer Learning
Peer learning is scientifically proven to sometimes be more effective in teaching students practical concepts. It also helps them learn better. Peer learning is an important aspect of learning anything. It is also helpful in learning important workplace skills like interaction, group discussion, etc.
A Full-time MBA provides the best opportunity of peer learning out of all courses. An MBA is not just only about the textbook, theoretical knowledge. It seeks to build an understanding of a particular business situation, understanding of different cultures, sectors. You can learn a lot from your peers in addition to the textbook knowledge.
A part-time MBA also gives you some opportunity to learn from your peers when you attend scheduled classes or when there are group assignments or group based research projects. The interaction with your peers for such projects will help you learn from them.
One of the major drawbacks of distance education is that you don’t get the opportunity to interact with fellow students. You thus miss out on group discussions, interactions and learning from your peers.
4. Fee Structure
This factor plays a key role in deciding which path you want to choose. Affordability of quality education is one of the major concerns of students today.
Generally, the fees for a full-time MBA course are the highest. They can be expensive and you might have to take up loans to fund your education. If you want to pursue an MBA after you have started your career, you need to calculate the financial constraint you will have because you will not be earning for 1 to 2 years.
Part-time MBA fees are usually lesser than those of full-time MBA courses. They are affordable and you will not need to apply for an education loan. If you are already working, you do not have to give up your job and you can fund your education from your earnings.
The greatest advantage of a Distance course is the low fees. Distance education courses are very affordable. It is a good option for people who cannot afford full-time or even part-time courses.
As we have now seen the breakdown of the four main parameters, you can choose wisely which course suits you best!