Masters of Business Administration (MBA) is the most promising career as an internationally-recognized postgraduate course to develop technical, managerial, and leadership skills. A student of any background – including Science, Commerce and Humanities can pursue a two-year MBA degree program and get exposed to a plethora of job opportunities in the corporate industry. The eligibility criteria in MBA would involve graduation in any stream and most colleges/ universities conduct a common entrance exam or take an equivalent CAT, MAT, XLRI score or percentile.
In India, a post-graduation degree in Masters of Business Administration comes in a wide variety of options which are designed to help the students to acquire great skills in myriad MBA specializations such as Finance, Marketing, Operations Management, Economics, Human Resources Management, Entrepreneurship, Technology Management, Accounting and Business Management. The curriculum of all these specialized programs prepare the students for a faster career path in your desired industry.
How many types of MBA programs are there?
One can pursue a master’s degree in any of these different MBA programs to stay relevant in the competitive market. Let’s have a look at various type of MBA programs:
Full-time Regular MBA: This involves residing in-campus or being a day scholar in the college/ university and completing the studies/ curriculum of the institute for the whole 2 years (4 or 6 semesters). This does involve doing an internship with a corporate or govt institute to gain industry exposure and doing practical case studies/ projects which are a part of the curriculum. The cost of a Regular MBA is high and instead of percentage or marks, students are awarded CGPA out of 4 or 10.
One Year Full-time MBA: Certain institutes offer a 1-year full time MBA instead of 2 year one. For admission in this course, a certain level of work experience is required. The duration of a 1-year MBA program ranges from 11 months to 15 months and they typically do not offer any scope of internship in a corporate or industry. Students in one-year MBA options do not have the scope of change of specialization or domain but the students also have the advantage that they can complete the training in business management in half the time and half the cost than the regular 2-year MBA students.
Part Time MBA: In a part time MBA, the classes are usually held in the evenings or during the weekends so as to cater the needs of working professionals or people who cannot pursue a full-time regular MBA due to work or professional obligations. Some part-time MBA degrees are flexible and allow students to complete their studies ranging from two to seven years.
Executive MBA: Students in these MBA types post-graduation courses typically have at least seven to ten years of work experience and look for certain leadership experience. Executive MBA institutes offer classes on weekends, evenings or one week a month etc. These programs typically last from 16 to 22 months.
Dual Degree MBA: In this type of MBA, students pursue core management courses of the curriculum and can opt for an elective in their preferred discipline so that they can get a dual degree MBA at the completion of their MBA course. In India, dual degree MBA are offered by many institutes nowadays, and students opt for it keeping in mind that this would be helpful in their career if they plan to change roles at a later point in their career.
Hybrid MBA: The Hybrid MBA program is similar to an online MBA program but it also allows learning sessions with faculty members, in other words it offers a perfect balance of online study sessions together with physical MBA classes. The students can complete the MBA program at their own pace but they also have to attend a few learning sessions with the instructor.
MBA through Distance Learning: MBA through distance learning can be correspondence based as well as by an online course and is one of the most sought-after MBA courses. The students have to attend some online classes, instructor classes online, and the material is handed over to them via correspondence or online medium. The duration of this type of MBA might extend upto 3 years.
To get a bright and rewarding future, it is very important for an aspirant to choose the MBA program wisely amongst the different mba courses available out there at Sharda University – one of the premium MBA institutions in India that offers a state-of-art-infrastructure along with an excellent placement record from the campus itself from the corporates, while the general or ‘not premium’ institute graduates often find it hard to find a job in the market.