What are the different types of MBA?

An MBA degree provides the opportunity to enhance one’s career in the field of business management. Presently, MBA has become a beginner qualification for most organizations. Getting an MBA degree in the desired field will offer you a competitive edge in the corporate sector. It’s a postgraduate degree awarded to individuals who have mastered the study of business and are seeking further for their career options and possibly earn a higher salary.

MBA aspirants study the theory of application of business & management principles. This kind of study provides the knowledge to the students that can be executed to a sort of real-world business industries and situations. Once you have decided to enroll in the MBA ( Masters of Business Administration ) program, the next thing is to spend time figuring out the different types of MBAs that are presently accessible. You should be able to discover a course that suits your personal and career aspirations. It would be better if you’re clear on what you desire to accomplish with the qualification. Besides, in specialization, not all MBA degrees need the same obligation in terms of time.

List of MBA Specializations

  • Marketing
  • Human Resources
  • Finance
  • Information Systems
  • Consulting
  • Entrepreneurship
  • Operations Management

Apart from these, other specializations include international business, strategy, and supply chain management.

Types of MBA and How to Choose the Right One

Although the most basic MBA courses offered by business schools is for two years, you can still enroll in a few courses of lesser tenure.

Full-Time MBA

It’s a general management degree that strives to provide students a thorough understanding of how business functions and how business leaders take the actions to meet the dynamic market situation. This kind of course is suitable for those who want to switch careers entirely. The tenure of full-time MBA courses is around two years, so it covers all the subjects which are prominent for the course.

Part-time MBA

Hundreds of business schools provide regular full-time MBA courses, but it isn’t possible for all MBA aspirants to pursue management programmes through learning classes. For such kind of student, a Part-time MBA is an excellent choice. The tenure of Part-time MBA can be one year, two years, or can be about three years. This programme is popular among aspirants having less than four years of work experience.

Executive MBA

This programme is exclusively meant for working professionals who desire to enhance their managerial skills in their field of work to be able to cope up with expeditiously changing business environment and stay concerned in the job market. The tenure of this course is one year, and the classes are undertaken only on weekends. Though the fees of this course are more than the regular one, the advantage of pursuing the former is that the employer company usually offers financial help by sponsoring its employees for the course.

Distance MBA 

It’s a profitable career option for those who can’t manage a full-time MBA course due to many reasons like insufficient finance to afford the programme, work schedule, and many more. It’s a flexible and affordable option, and there is no need to attend classes regularly. The acceptance criteria are different as compared to the full-time program. Any graduate aspirant can apply for the Distance MBA course. The main criteria for joining is that the candidate must have a minimum of three-year work experience.

Dual MBA

A dual MBA provides an edge when it comes to entering the job market. It’s is one of today’s top choices. Getting a dual MBA involves including an additional Masters’ degree for the Masters in Business Administration to offer a graduate student with more skills and expertise in a particular area. This course is for those who are looking forward to a complete model of education. It’s a professional degree that makes it highly job-centric.

Every programme has its own benefit. Therefore, the selection of the type of MBA entirely depends on the circumstance or choice of the candidate.