Basic types of MBA programs Worldwide
Two-years MBA (Full Time MBA) programs normally take place over two academic years. It is approximately 18 months duration program. For example it begins in late August/September of the first year of the course and continuing until May of year two in the Northern Hemisphere University (comprising around three to four month summer break in between years one and two). The admission dates differs according to various universities but falls on the same dates around. The dates are different in various countries like United Kingdom, America, India, Australia etc.
Accelerated MBA programs are a variation of the two year full time management programs. They involve a higher course curriculum with more tight class and examination schedules. They usually have limited down time during the program and between semesters of the programs. For example, there is summer breaks during the program and between semesters. Rather there might be seven to ten days off.
Part-time MBA programs usually hold classes in the evenings on weekdays, after normal working hours, or on weekends so that students interested in MBA can do it after the working hours or take it as part time efforts to boost their career. Part-time programs are normally three years durations and may vary according to universities standards. Mostly you will see the working professionals enrolling for this program, who take a light course load for a longer period of time until the graduation requirements are met, or busy in other activities apart from study like businesses or family responsibilities.
Executive MBA (EMBA) programs is developed to meet the educational needs of experienced individuals like managers and executives, allowing students to earn an MBA or another business-related graduate degree in two years or less while working for full time. All the participants here should usually have 5 years to 10 years experience that vary according to the universities preferences. EMBA students typically have a higher level of work experience, often 5 years, 10 years or more, compared to other MBA students. In response to the increasing number of EMBA programs offered, The Executive MBA Council was formed in 1981 to advance executive education.
Distance learning MBA programs hold classes off-campus, usually on the weekends. A minimum number of classes are mandatory for the students to attend or sometimes it is not that much required, it entirely depends from universities to universities. These programs can be offered in a number of different formats: correspondence courses by postal mail or email, non-interactive broadcast video, pre-recorded video, live teleconference or videoconference, offline or online computer courses. Many schools offer these programs. Distance learning MBA programs are very much popular in developing countries like India.
Dual MBA programs are about doing management courses in two different fields. It helps students to have dynamic understanding of managements in two separate streams. It combines MBA degree with others (such as an MS, MA, or a J.D., etc.) It saves time, cost and efforts on education and to tailor the business education courses to their needs. Some business schools offer programs in which students can earn both a bachelor's degree in business administration and an MBA in four or five years.
Various types of MBA Courses
MBA programs expose students' skills to a variety of subjects, where the students may choose to specialize in a particular area. Students traditionally study a basics of the management in the first year and then pursue a specialized curriculum in the second year. Full-time students typically seek an internship during the interim.
Standard specializations fields include:
Management Science, Marketing,
and Strategy etc.