As with any job, choosing the right MBA program is crucial to your future career success. There are so many MBA types available that it can be overwhelming to decide which one you want to pursue. So how do you choose which MBA type is best for you?
There are basically two types of MBA courses, online and on campus. There are also a variety of MBA degrees you can choose from including executive MBA, associate's MBA, bachelor's MBA, master's MBA, PhD in business, and a PhD in business administration. Some of these courses may require an internship after graduation; others require completion of a specific set of classes. The courses offered are often determined by the career path you want to take after completing your MBA.
Full-Time MBA: Full-Time MBA programs are the most popular because they offer the greatest flexibility in the types of coursework. Some full-time programs are a hybrid of classroom and online learning. You will not have to take classes from a campus or a school office. Many full-time programs also offer accelerated programs for their students. Full-timers do not take courses on their own, but rather work with an instructor to complete assignments and make sure all requirements are met. This allows them to gain the maximum benefit from the program and to still have time to earn money.
Part-timers are flexible in that they usually attend the classes in the evenings and on weekends. However, they are often required to work part time during the week and attend class at night or during the weekends. Part-timers usually take classes in an on-campus facility or at a university. Some part-timers choose an accelerated MBA program because of its flexibility. These are typically for individuals who already have a full-fledged business degree or someone who is ready to jump into the world of business. There is no need for a traditional internship, however. The accelerated program takes place over the span of a year.
Accelerated MBA: Accelerated MBA programs are generally for people who are looking to move up in the business world. You will learn the basics in business but don't have to complete a full-length degree. like full-timers would. Once your skills are honed, you will have to complete a series of classes to continue learning and earning more credits to move into an executive MBA programs and onto doctorate programs. These are usually the executive MBA programs as well as a Bachelor of Business Administration degree.
MBA degrees can be completed in as little as three years or as long as five. Online degrees take longer and can take as much as six years. Depending on how much time you plan to devote to your degree, there is a program suited for you. When choosing an MBA degree, it is important to look at the amount of time you have to dedicate to your program and what it will offer you.