In the present circumstances, it is clear that rivalry is increasing significantly in all industries. The obvious reason for this is that the world is expanding at a breakneck pace every minute, and everyone is racing to be the best. Distance MBA vs Full Time MBA
Let’s know the meaning of both the terms,
A distance MBA program is a flexible and economical government-approved MBA program that does not require you to attend daily classes. Distance MBA Education is an excellent alternative if you are unable to pursue a full-time MBA due to a lack of time or a high expense.
A Full-time MBA is a two-year program with four or six semesters. There are, however, several private institutes that offer one-year PGDM programs.
Both the programs are designed for professionals at different stages in their professions.
What is the difference between a distance MBA and Full-time MBA?
Both courses have advantages and disadvantages. If you want to go to regular college, a regular or full-time MBA is the way to go, but if you want to work and don’t have time to attend regular classes, a distance MBA is a way to go.
- Mode of delivery
The MBA program is available online for distance learners. Some institutes mail study materials to students. Individuals have the option of continuing their existing employment full-time while learning at the same time, either in person (weekend programs) or online.
In a full-time MBA program, classroom learning with a strict and established schedule is the style of program delivery.
- Admission Process
The two programs have different admission requirements. Distance MBAs are designed for professionals with extensive work experience who are studying part-time. MBA applicants are regarded to be pre-equipped with business abilities, therefore they are not required to take entrance examinations and are admitted immediately based on their work profile.
For a Full-time MBA, an entrance exam such as the CAT/MAT/GMAT is a requirement and a greater emphasis is placed on test scores in addition to academic qualifications.
- Fee Structure
The fee structure of the courses is one of the primary differences between the two programs. There is a distinction between the fees for a Full-time MBA and a distance MBA program.
The cost of a Distance MBA varies between Rs. 20000 and Rs. 1 lakh. Most of India’s Top 10-20 B-schools would cost between Rs 12 lakhs and Rs 23 lakhs for a Full-time MBA.
While Distance MBA students can continue to work, they generate money while studying, so they don’t have to pay for housing or boarding, etc. Furthermore, when an employer perceives it as a worthwhile expense, education prices are frequently reimbursed. While students attend a Full-time MBA program, the associated expenditures are almost entirely self-funded.
- Principle of Teaching
For Distance MBA, exam schedules, venue selection, and online submission of assignments all have a lot of flexibility.
For a Full-time MBA, assignment submission, exam dates, and class participation are all on an extremely tight schedule.
- Curriculum and Duration
Distance MBA has a clear and comprehensive curriculum that can be completed in a flexible amount of time. In a 2-year full-time MBA program, both theory and practicals are covered comprehensively.
- Career Prospects
Following the completion of a full-time MBA, a candidate can get industrial experience and apply for a variety of management jobs. It makes no difference whether you have a full-time MBA or a distant MBA; you are qualified for equal positions in any organization because both programs are valued equally. A full-time MBA is a good option for improving the student experience because it allows students to live on or near campus and participate in extracurricular activities such as clubs, sports, conferences, and student-run events and social activities that encourage students to become acquainted with their peers.
Because deciding between a full-time MBA and a distance MBA is not difficult or easy as it mostly depends on the circumstances. Whereas a distant MBA candidate would like to update their present expertise with a clear, instant takeaway, a normal MBA candidate would focus more on completing their skills and pursuing new professional prospects, especially if they are still in the early phases of their professions.
To know more about Distance Learning MBA programs, visit the Institute of Business Management Studies (IBMS) website. Distance MBA vs Full Time MBA. IBMS offers the best distance learning programs with affordable fees.
