Choosing the right MBA program is crucial. To do this it is essential to know and understand the types of MBA specializations and their implications so as to decide what will work best for you.
1. Full-Time MBA
This is a great option if you want to finish your MBA course in a year. It has a shortened length of time to complete the program and get a diploma. This type of course is, however, demanding, and students are rarely able to work in the 12-month period whilst undergoing the study program.
2. Part-Time MBA
Unlike full-time MBA programs, part-time MBAs offer a more relaxed environment. Classes only occur during the evenings and weekends, thereby allowing you to be able to still work for a company while you study. However, part-time MBAs can take at least twice the amount of time. There are also schools that let you graduate from a part-time MBA course within 18 months. This is a better option for those individuals who would like to spend time working whilst studying.
3. Online MBA
It is now possible to undertake an online MBA where you needn’t attend classes on the campus itself. This is an option if you do not have a flexible schedule. Independence, time management and project management skills can be developed through online MBAs. This is a recommended option for working professionals and students who cannot afford to spend lengthy amounts of time in classroom sessions.
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4. Executive MBA
Executive MBAs take the format of a part-time MBA with classes during evenings and weekends, and can be completed within one or two years, depending on the chosen specialization. This MBA program is particularly recommended and crafted for working professionals who have five or more years of work experience and top-level or middle-level management backgrounds.
5. Joint MBA
A Joint MBA is probably one of the most exciting types of MBA programs available for business leaders. They are designed to tie opportunities for learning and experience from various countries and campuses worldwide.
The network that you will foster when enrolled in a joint MBA is extensive. There will be seminars and training, as well as conferences in international companies.
6. Modular EMBA
A Modular EMBA is similar to a part-time MBA program, however it does not require you to attend weekend classes. Modular EMBAs require a student to participate in seminars, training and conferences and even practical courses for one or two weeks every few months. On occasion, a student exchange program is allowed. It may require travel but it guarantees the development of a fresh perspective and a growth of knowledge in the field of business.
7. Blended Distance Learning MBA
This MBA program integrates both classroom and online formats. Presence on-campus is only necessary during weekends for discussions and meetings. You also have to be online to attend webinars, video conference sessions, forum discussions, online tests and exams. The physical presence required allows you to personally interact with your classmates and be able to find and build networks, and also lets you explore topics which are best undertaken in a classroom environment.
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