Did You Know That There Are Different Types of MBA Programs?

types of mba programs

Did you know that there are different types of MBA programs? While MBA is the king of education, its courses cater to the needs of everyone. Keep reading this blog article to know more about the types of MBA programs and its duration.

Table of Content:

  • Introduction
  • Full-time MBA
  • Online MBA
  • Accelerated MBA
  • Executive MBA
  • Part-time MBA
  • Conclusion

Introduction:

Gaining an MBA degree is a great way to kickstart your career. It prepares an individual to take leadership roles and effectively lead their company to new pinnacles. However, it requires a substantial amount of labor, time, and resources.

A full-time MBA course can take up to three years to complete. For working professionals, it becomes difficult to take out the required time. Also, with time, more and more working professionals started looking forward to getting an MBA degree. The catch here was that they were not willing to compromise their work. To suit the need of these individuals, online MBA courses were introduced. Online MBA programs keep in mind the requirements and restrictions of a working individual.

Universities across the globe offer distant programs. The time required to gain the degree depends on the type, of course, one chooses.  Let’s look into the types of courses and the time required to complete each.

How different is an online MBA course from a full-time course

Full-time MBA

From the beginning, MBA courses have had a two-year duration. These are the full-time courses. Later on, other types of MBA were invented. Some courses include an internship period to give the student some first-hand experience about the industry. Further, MBA courses are divided into four-semester.  Students are required to take three subjects per semester.

However, some universities offer the leverage of taking more courses per semester. Thus giving the students a chance to earn the required credit and complete their course in a shorter period.

Online MBA

Online MBA courses come in varied forms. The time taken to complete an online MBA program depends upon the kind of program one has chosen. Full-time online MBA programs take the same amount of time as offline programs. Almost everything is the same between the two except the medium in which classes are conducted. For students, starting their careers, these online programs are the best option. The online medium comes with the privilege of not falling prey to geographical constraints. Thus, one can choose any university of their liking and not think about the factors of relocation. There are some courses that take less amount of time to complete. Accelerated MBA programs are one of them.

What is an accelerated MBA degree?

As the name suggests, accelerated Online MBA programs are designed for working individuals not willing to leave their job. The entire curriculum is of a shorter period. Also, these courses come with shorter breaks. It can be completed in a period of 1 year.

Although the time taken to complete may sound very tempting, one should keep in mind that it takes a good amount of dedication. It would require a lot of work to complete the coursework within such a short time. Time management is of key importance while pursuing an accelerated MBA degree.

One should be ready to meet strict deadlines. Creating a perfect balance between work and studies is a must. It is best to make sure, that people around you are in terms with your schedule and are willing to help you out.

Executive MBA programs for working professionals

Another good option for full-time working individuals willing to get an MBA degree is the Executive Online MBA. This MBA type is typically for individuals with years of work experience. Considering the working schedule of the individuals, classes of executive MBA programs usually take place either in the evening or on weekends. The time taken to complete the course varies. Some university courses take as much time as full-time courses. While some other takes only 19 to 20 months to complete. It certainly depends on the schedule chosen by the student.

Executive MBA programs are usually online programs with no requirement of being on-site. But, few universities do require the same. Universities also offer on-campus events.  Attending these will help the students to enhance their skills. These events are usually optional.

Part-time MBA courses: another good alternative

Part-time online MBA programs are yet another good option for working professionals. The part-time course is similar to executive MBA courses in a lot of ways. This course too offers the privilege of attending classes on the weekends and evenings. With a more flexible routine, the completion time of these courses is usually long. One takes as long as five years to complete the program.

In conclusion:

To summarize, getting an online MBA degree can take from as little as 19 months to as long as 5 years to complete. The main factor is how much time and effort can the student afford to put. It is always advisable to assess this beforehand and then choose a program accordingly.

Take a close look at the different types of MBA programs at Lincoln University of Business and Management. You will find that their programs fit your schedule and requirements perfectly. For more, connect with our expert counsellor today. Even more impressive, you can experience a FREE DEMO Class for a clear picture.

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