You want to pursue an MBA. It seems like a pretty simple plan until you consider how many different paths could lead you to this destination.
Navigating the world of MBAs is not easy for prospective students. Programs vary in cost, where (and when) you’ll take classes, who your classmates will be, how long you’ll be in school, and how the degree will help you achieve your career goals.
Here are seven main types of MBA programs highlighted below. That number doesn’t even include less common options (entry-level, professional, and modular programs) or hybrid alternatives that blend aspects in person and online. Here are the factors to consider when deciding which one is right for you.
A full-time MBA is generally considered a university’s flagship MBA program, says Caroline Diarte Edwards, co-founder, and director of MBA admissions consulting firm Fortuna Admissions. These programs typically attract the most qualified applicants, she says, with varied career paths and life experiences.
The school will be your full-time endeavour. You will take classes during the day (or possibly at night) and most likely in a classroom setting. The program typically lasts two years and is best suited for people looking for a significant career change.
Part-time MBA (in person or online)
Those who wish to continue working while earning their degree can pursue a part-time MBA online or in person.
This type of program generally attracts more career climbers than career changers, although this varies. In a part-time, face-to-face program, you’ll take evening and weekend classes with students who live locally.
If you are an online student, you will take courses remotely, but you may still need to attend live classes via video conferencing.
There is still room to learn something new, even after several years of experience. Experience under your belt and EMBAs allow you to do just that.
Classes are usually held every other weekend or twice a month (or online) for about two years. These programs are designed for working adults looking to increase their management knowledge and professional status.
You will hear from members of your cohort with established careers and broad knowledge spanning industries.
MBA candidates who already know what industry they want to enter after graduation — technology, healthcare, marketing, finance, or something else — may be well suited for an Honors MBA.
You’ll study business and choose an area of concentration or major, and you’ll take courses alongside classmates with similar interests or career ambitions. These programs can be part-time or full-time, online or on-campus, so program length varies, as do the types of networking opportunities available. Before committing to the specialized MBA, you must be confident in your professional project.
Well-known examples of MBAs tailored to specific industries include the Healthcare Management MBA at Jagannath University Jaipur for MBA. Jagannath University Jaipur offers several MBA specializations, including business analysis, finance, and management, and is one of the best universities for BBA in India.
You may dream of working for a company abroad or running a company with offices all over the world. Global MBAs allow college students to observe business via an international lens.
With other variations, these degrees, sometimes called international MBAs, attract a more significant proportion of international students and are generally full-time. They may also have to take a look at abroad requirements or offer travel opportunities.
Are you looking to graduate as soon as possible? Some MBA programs condense their curriculum into a single year for faster career progression.
Structures for full-time accelerated programs vary, but students can take courses over a summer or take complete courses during shorter, more intense academic periods. Many of these offers are aimed at working adults. Overall costs can also be lower than two-year programs, and these one-year programs are more likely to be full-time.
Dual MBAs and Joint Degrees
Generally speaking, dual MBAs usually allow you to study business and earn a second degree, and classes are separate for the two programs. You can usually apply certain course credits to both degrees in joint degree programs.
Joint and dual MBA programs vary in structure, admission requirements, and completion time. But dual degrees typically take longer than your standalone MBA, at around three years. Dual and Joint MBAs are a great way to mix abilities in which the intersection of business and any other area is valuable in a career.
The first step in determining what type of MBA to pursue is to sit down and think about your long-term career goals and how you envision an MBA program from private MBA college in Jaipur fitting into your daily life. Have you achieved so far, and where do you want to go next? Choose a program that fits your aspirations. Evaluate the options above and the pros and cons of each. Get feedback from colleagues, family, and friends, and assess your strengths and weaknesses during the process.