What is an MBA? Types of MBA courses? How much does it cost?
There are many confusing questions that generates every year, as new higher education aspirants mind.
“What’s an MBA?“, “How many years to complete an MBA? What is the average course duration?“, “What subjects does the course list cover?“, “What is the typical MBA course fee?” and of course, “Is it right for me?”
The full form of MBA is Master of Business Administration. It is a post-graduate degree that helps students to become experts in managing businesses in all forms – whether it is a small family business or a big company.
It is among the most popular qualifications to have and is widely recognized in India and abroad by the top employers.
However, the MBA comes in various shapes, sizes and formats. That makes it confusing for applicants to decide which format works best for their career goals.
An MBA is a post-graduate professional degree that imparts management education and prepares the ground for the candidate to take vital decisions in career or business.
The MBA was first introduced in the U.S.A. towards the end of the nineteenth century. It has ever since evolved and has emerged as an effective program that equips students with the essential knowledge regarding various strategies that can practically be applied in the corporate world or business.
It provides training and prepares the students with the required skills to be successful leaders, managers and entrepreneurs.
It is not just the core subjects or the electives that contribute to this process but also the entire one or two-year period of interaction, teamwork, group discussions and social interaction wherein students develop essential soft-skills which also play a key role in their developmental process.
You can go for an MBA degree on a Full-time or Part-time or Distance learning basis. You can take up a Regular Or Executive MBA. There’s also the concept of a Dual MBA. Each format has its pros and cons. The costs, selection process, rig our of the course and market value differ too.
Types of MBA programs
Full-time | Part-time | Executive | Distance | Dual |Online MBA
1.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 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.
2. Part-time MBA
A part-time MBA suits the needs of working professionals who can complete the course on a part-time basis while still being employed. Though this would mean extended duration of the course, the income stream would continue throughout without having to take a break from work.
3. Executive MBA
This is aimed for the experienced professionals from various fields who wish to sharpen their managerial abilities, expand their career potential, gain leadership qualities and acquire international management experience in a multi-cultural environment. Most of these programs have a flexible schedule and are designed to suit working professionals.
Best Executive MBA in India
If you are interested for abroad, we’ve decided to skip the Executive MBA rankings and just focus on the Bschool names and their locations.
Here’s a list of the best executive MBA programs in USA, UK, France, and across the world.
Best Executive MBA in Canada
|Western Ontario (Ivey)||Canada|
Best Executive MBA in Europe (UK, Spain, France, Switzerland)
|IE Business School||Spain|
|IESE Business School||Spain|
|London Business School||UK|
Best Executive MBA programs in Asia
|Chinese Univ. Hong Kong||Hong Kong|
Best Executive MBA courses in USA
|New York (Stern)||USA|
5. Distance learning MBA
This is a means of obtaining an MBA without actually having to attend the program on the campus. This could be done through various correspondence courses, online course material and discussions, teleconferencing and videoconferencing.
The advantage of this model is that these courses can be completed from the comfort of our home and while continuing our current profession. Some of these programs also offer flexibility in terms of their course structure.
- Dual MBA
An MBA Dual Degree program allows students to customize their education in the direction of their specific interests and career aspirations. These programs provide students with the opportunity to study another discipline outside of business in order to examine the interface of business with other fields of study. Take the next step toward your personal and professional goals with an MBA Dual Degree.
Top Dual Degrees Programs
Dual Degrees are offered in a number of various fields. Have a look at some of the most popular business degrees below!
- Business Studies
- Business Administration
- Management Studies
- Economic Studies
- International Business
- Tourism and Hospitality
- Marketing Studies
- Administration Studies
- Healthcare Management
- International Management
- Technology Studies
- ONLINE MBA
There have been more MBA graduates in India than ever before and the number of working professionals taking up an additional MBA to fortify their career has gone up. So, for anyone who has decided to pursue MBA as an additional career option, the question is – Where can I go for MBA programmed? No need of going to college, wasting time in commute but with the pleasure of working at your current job, you can get an online MBA from the comfort of your home. Gone are the days when you had to go to evening colleges and spent time elsewhere to earn a degree. Getting an online MBA is the sure shot way to nurture and take your career to the next level.