What are the alternatives to full-time MBA?

What are the alternatives to full-time MBA?

Are you one among the many who could not get through the CAT or XAT this year? Or are you a working professional who wants to complete his/her pending studies and at the same time keep your job intact.

These days most people think of pursuing an MBA degree because they feel that it would give their designation as well as salary package the desired boost. So, whenever anyone thinks of pursuing an MBA they are presented with a plethora of advice which may or may not be best suited for their situation.

Thus, Shiksha brings you some alternative management programmes to help uplift your career. In order to assist you make a more informed decision we are also providing you the pros and cons of pursuing these different programmes.

Part- Time MBA

These MBA programmes are aimed at people who wish to give a boost to their existing careers.  Thus, part-time MBA programme classes are scheduled either before or after regular office hours, making it easy for working professionals to attend them. The main disadvantage of pursuing this variant of an MBA degree is that it takes longer to gain a degree here as compared to a full-time two year MBA programme. It is also known to have lesser study hours and tuition assistance is not always available.

To view top institutes which offer part-time MBA programmes in India, click here.

Distance/ Correspondence MBA

These MBA programmes are best suited to individuals who are unable to visit an institute for classes due to their geographical location or even due to their work commitments. The main advantage of pursuing such a course is that in addition to saving your time and money, you have the opportunity to decide the pace, style and sequence of studying your curriculum as per your convenience. However, the major disadvantage of distance/correspondence MBA programmes is that you do not get immediate guidance on any doubt you may have and you also need to stay disciplined as well as motivated to finish the course on time.

To develop a better understanding about distance/ correspondence MBA programmes and top institutes that offer the same, click here.

Online MBA

An online MBA is a management programme whose characteristics lie somewhere between a distance/ correspondence MBA and a full-time MBA. The main advantage of pursuing such an MBA programme again is that you have the full freedom to pursue your management degree as per your convenience. However, on the flip side you need to stay focused and reach out to different online communities to stay on top of the group of students who are also pursuing this degree. You also need to be internet savvy, as you would be required to take online lessons or join a webinar, etc to successfully complete such a management programme.

To develop a better understanding about online MBA programmes and top institutes that offer the same, click here.

Executive MBA

These MBA programmes are also sometimes referred to as one year full-time MBA programmes. The main criteria to gain admission into an executive MBA programme is that one should have at least three to five years of work experience. Since most individuals pursuing such a programme already have a sound understanding of the corporate world, it is easier for them to grasp the course concepts quickly and easily. However, a major disadvantage of pursuing an executive MBA is that it requires one to take a leave of absence for at least a year in their job.

To view top institutes which offer executive MBA programmes in India, click here.

So, these are some alternatives to your regular full time MBA programmes. Select the one which suits your requirement and become better-equipped to catapult your career to reach greater heights.