Distance learning has been around since the mid-19th century. At that time, there was only postal communication that acted as a bridge to correspond between students and teachers. With the passing time and developing technology, distance learning also evolved side by side and now, with the prevalence of the internet, it has grown into a preferred mode of study for those who cannot be present physically in the class for varied reasons. Today, distance learning is widespread in the countries of UK, USA, India, Australia and several others, with undergraduate, degree, certificate, and diploma courses on a multitude of subjects and streams.
Having a good qualification is not anymore perceived as a requisite to achieve handsome credentials but also an indispensable issue in order to ascend in one’s professional life. On the other hand, only the qualification cannot provide the dream position one wants in his career, experience is also a vital criterion to get to the desired level which a full-time, regular mode of study cannot provide. A distance learning degree offers both. You can get the essential experience from your work and simultaneously, you can study to achieve the qualification so needed. Attendance is needless and so is dress code; not to mention time limits.
Of all the distance learning courses taught today, the MBA is by far the most favored choice among students from all parts of the world. While the traditional MBA taught in land-based B-schools have a typical 2 year pattern, Distance learning MBA comes flexible as a 10 months, 6 months or just a few weeks long program to cater to the diverse needs of busy managers. These programs are also known as part-time MBA or Executive MBA that allow the learner to tailor the course suiting to his needs.
The area of specialization varies from one university to another but the basic business areas that are included in the course module remain the same, that is to say finance, marketing and HR (Human Resources).
Other business areas that are taught in an MBA course irrespective of the learning mode are- accounting, supply chain management, production and operations management, information systems, organizational behavior, business law and ethics, economics, statistics and quantitative analysis etc.
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Online MBA vs. Full Time Traditional MBA : A Comparison
Now-a-days, MBA program is one of the most popular degree programs among the young people. This program provides the detailed knowledge about business and its policies. By having these managerial skills, we can go straight to high level position in the topmost renowned company. Moreover, it also provides huge networking opportunity to the students with their colleagues, faculty members and others. This program prepares them in enhancing their professional credentials. Today, there are many types of MBA programs available such as Full time MBA, Online MBA, Executive MBA, Part-time MBA etc. In today’s arena, Online MBA programs are getting popularity as similar as Full time MBA. People, who are working and do not have too much time for study, join Online MBA program for enhancing their knowledge. But on the other hand, many organizations select those candidates who have completed their study as a regular students.
Full time MBA program is two years master’s degree program in business administration that is the first choice of the students. Online degrees are accepted by top companies of India and world, but still full time MBA program has the great reputation in the industry. For doing an MBA course, one should not require to have knowledge about classroom based learning, usage of computers or Internet usage. This program provides us equal parts education and networking.
On the other hand, online MBA program is the first choice of those people who want to pursue their studies without leaving their jobs. This program offers the flexibility to be in class whenever you want and wherever you want. These MBA programs are less expensive than full time courses. So you can enhance your knowledge without paying extra money. An individual can access course contents on the Internet. The most important thing is that you can schedule your time for study according to your requirements.
By concluding, we can say that an MBA program is the best way to enhance one’s leadership skills and to get the highest salary in today’s economic scenario. So, one should be select the program that meets to one’s requirements and temperaments.
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About MBA Courses in India
After graduation from any stream, the most preferred post-graduate course of students is an MBA or Master of Business Administration. Students seek to do a management course, either on degree or diploma level. The attraction for MBA has grown over the years with more and more managers being absorbed into the industry today. With increasing globalization and privatization of the Indian economy, corporate across all sectors are looking to hire efficient managers at all levels. Thus, students are thronging B-schools to pursue MBA courses. Especially, if an MBA is completed from a reputed B-school and colleges in India, there is no doubt that the student will be successful in his/her career.
However, a career in management and to pursue an MBA course, one requires particular personality traits such as leadership qualities, good decision-making and thinking capacity, risk-taking aptitude, very good communication skills and similar qualities. All these are traits of good managers and most of them are tested during the entrance exam, interview and group discussion round of admission to an MBA course. A lot of dedication and high levels of concentration are also required to pursue a successful MBA course.
Though most students prefer full-time MBAs, there are manly five types of MBA courses that one can choose from. These are full-time MBA, part-time MBA, and distance learning MBA, executive MBA and online MBA. As per one’s requirement and academic qualifications, a student can opt for one of these MBAs. There are areas of specialization during MBA and these include: Marketing, Finance, Human Resources, Operations and Logistics, Information Technology, Systems, International Trade and Business, Consumer Behavior, Risk Management, and many such others. New specializations are being introduced as per industry demands and growing job prospects.
For admission to an MBA course, institutes have entrance tests and different selection criteria. The main exams conducted in India for an MBA include CAT, XAT, MAT, IIFT, SNAP, JMET, etc. After the written examination, an interview and group discussion rounds are held. The prior academic qualifications and work experience, if any, are also taken into account for admissions. For many reputed B-schools, students are also required to write essays too. All these steps are necessary to produce world-class managers for tomorrow who could be immediately absorbed in the industry after the completion of their MBA course.
The two-year full time-program is a comprehensive programme. Apart from the course curriculum, it offers an exceptional opportunity to network and participate in extra-curricular activities. The course includes, project work, internship and direct exposure to the industry. This is the most preferred course as far as recruiters are concerned. It is ideal for fresh graduates and those with less than three years of experience. The one-year full time programme is meant for working professionals who are looking for a career shift and do not have much time to spare from their career. The one-year programme is quite rigorous and requires high levels of dedication.
The part-time MBA is for those who cannot afford to leave their job but want growth with a well-defined career path in mind. It is mainly pursued by those professionals who are looking to upgrade their skills and make a career shift. It is devoid of some of the advantages of a full-year programme but is ideal for those who cannot take a career break to pursue an MBA course. Both distance learning and online MBA courses offer a lot of flexibility to students to study at will from anywhere, any time. These courses are increasingly becoming popular in India and more and more students are opting for these.
With an MBA under his belt, a student can look forward to a successful career in future. The growth prospects of MBA students are quite promising. One can look forward to immediate jump and fast track growth in professional life. One can also aspire to become an entrepreneur after the MBA and start his/her own venture. Though an MBA is not essential for this, the skills learnt during the course surely come handy while running your own business. One can also switch career and gets an opportunity to explore more options after the MBA. And of course, an MBA helps immensely in growing skills and knowledge about business administration and one gets to learn a lot many new things.
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TYPES OF MBA PROGRAM
The Master of Business Administration (MBA) is one degree that attracts people from all academic disciplines. The MBA degree is famous worldwide for its meticulously planned course structure that encompasses all that is needed to mould a student into a person with high business acumen and analytical skills.
The MBA program is tailored to suit the student community and is available in full-time, part-time, online and executive modes. There are many institutions that offer all these types of MBA programs – the most popular one being the online MBA degree program.
The following is a brief intro on each of the MBA types.
Full-Time MBA – With course duration of two complete years, students who are given admission into this program are expected to have one-two years of prior work experience. The classes are held on a regular basis with semester system followed for study evaluation, combined with one project work per year.
Part-Time MBA – The course duration extends to three years because the regular classes are held only in the evenings or weekends. Most students who take up part-time are those who are unable to quit working and join a full time program.
Accelerated MBA – This program is similar to full-time MBA except that it is a fast-track course with more intense class and examination schedules.
Executive MBA – This program was developed to meet the needs of managers and executives, allowing them to earn an MBA degree in less than two years, in any specialized stream. The course is also offered in the online mode. Students of executive MBA have more work experience than other programs and use this course for speedy career growth.
Online MBA – Distance learning through the Internet is now the most sought after option for many students across the world because it offers the luxury of pursuing a degree while still at work. The online MBA program encompasses all the necessary course requirements and emphasizes the application of business theories in effective management with practical skills.
Dual MBA – They combine MBA degree with others such as MS or JD, but the course duration is close to five years.
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MBA Education – MBA Study Abroad, MBA Distance Education and Programs in India and Abroad
Mba In Abroad Management is an organized art of organisation. MBA Finance is the most popular choice among students of MBA colleges. With the recent economic downturn, many business schools students’ are now opting for other areas of specializations like MBA Marketing or HR. A specialization in HR will help you manage the organization’s biggest asset. While MBA Marketing will enable you to develop strategies to sell your product, retain your existing customers and find new ones. Management has not merely built new careers but also improved already successful ones through executive and part time management courses offered by reputed MBA colleges. With a BA degree can join a part-time MBA programme. Students can also option for Distance Learning programmes through various business schools and complete their degree from home. Understanding the globalization of business practices is an important area of learning for students studying in master of business administration (MBA) programs today and many graduate business programs offer study tour programs for experiential learning. INTERNATIONAL EXPERIENCE is critical for MBA faculty and students, but providing such experience as part of the curriculum is often difficult for relatively small programs. MBA programs are most often divided into years. The curriculum of year 1 is the same for all students, and includes introductory and generic courses in a large variety of areas, which include :Accounting 2. Marketing 3. Human Resources 4. International Business and Finance. The second year of studies will generally allow students to pick a concentration or specializationMba Distance Education and Programs in India Management Education in India has been getting tremendous attention in recent years. An MBA is regarded as the most popular business qualification today. Those who cannot pursue an MBA in a regular Management institute can option for a part-time or distance MBA. There are many institutes offering MBA through distance education in India. Distance MBA from a reputed institute holds significant value. The distance education institute provides good study materials, regular assignments and practice tests. A student must make sure that the institute offering MBA is recognized by All India Council for Technical Education (AICTE). Correspondence education has opened a new way for professionals. Major institutes offering Distance MBA in India are: ICFAI University 2. NMIMS (Narsee Monjee Institute of Management Studies) 3. XLRI, Jamshedpur 4. IGNOU (Indira Gandhi National Open University) 5. TASMAC 6. Symbiosis Centre for Distance Learning (SCDL) 7. Tamil Nadu Open University 8. Annamalai University, Directorate of Distance Education 9. Pondicherry University, Directorate of Distance EducationThere are many other institutions offering management degree and diploma programs like Karnataka State Open University, Anna University, Indian Institute of Finance, Madhya Pradesh, Kurukshetra University, Maharshi Dayanand University, IMT Distance and Open Learning Institute. Symbiosis Centre for Distance Learning is one of the most popular autonomous distance learning institutes of India with main campus in Pune and new campuses in Bangalore and Nasik. Duration of Distance Learning MBA ranges from 1 to 8 years, depending upon the rules and regulations of the particular University, though the average duration is 3-4 years. Mba Distance Education and Programs in Abroad Distance learning abroad has become an excellent alternative to formal education for those who want to pursue higher education from a foreign University. Advantage of International Distance Education is that it has made available quality education to all at much lower cost. The availability of the distance learning courses from abroad has helped a lot of people in the developing countries to fulfill their educational ambitions. MBA programs are most preferred courses which students option for doing from abroad. Some of the preferred destinations for MBA programs abroad are United States, Canada, United Kingdom, Ireland, Australia and Singapore. Eligibility: Min. 4 yrs education after 10+2 GMAT Essential Work experience Recommended Toefl essential Cost: 20 lac to 40 lac INR per annum Duration: 2 years Intakes: September and Jan/Feb Australia/NZ Eligibility: 3-year graduation accepted GMAT not required for most B-schools Work experience essential IELTS essential Cost: 10 lac to 25 lac INR per annum Duration: 12-18 months Intakes: Feb / July very few intakes in September UK/Ireland Eligibility: 3-year graduation accepted GMAT recommended Work experience essential IELTS Essential Cost: 15 lac to 35 lac INR per annum Duration: 12 months. Most of the countries allow students to work part time 20 hours per week except countries like Singapore where students are not allowed to work while studying. Students can take up jobs in stores, restaurants, call centers, libraries etc.
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Advantages of a Part-Time MBA Programme
If you always wanted to do an MBA but for some reasons could not and are now in a full time job, a part-time MBA programme is for you. It is a boon for those professionals who cannot take time off work to go for an executive MBA programme or a full time MBA. A part-time programme allows them to keep working full time and attend MBA classes in the evening or on week-ends. With this flexibility, a lot of working professionals today are opting for part-time MBA programmes. With the competition in the job market ever-increasing and the constant need to upgrade your skills to remain relevant in your job, the demand and preference for part-time MBA is only on the rise.
Owing to the demand, a lot of universities and known B-schools are offering part-time MBA programmes to working professionals these days. The classes are held in the evening or on weekends. The course is so designed that it is fit for full-time working professionals who cannot devote much time to studies. Part-time MBA courses are generally three-year long instead of two years like a regular MBA programme. One can specialize in the stream that one wants to ie you can pursue part-time MBA in finance, marketing, Hr or any other that is offered by the institute of your choice.
While you are looking out to finalize from your options of part-time MBA program, there are a few things that you need to consider to make the final decision. You must find out if the institute is has scheduled courses throughout the year. If it has, it may become difficult for you to find time for internship. So, find that out in the beginning. Then, not all institutes offer specializations as in the full-time MBA programmes.
These institutes offer only a small number of concentrated study courses and put emphasis on the core curriculum. So, if you wish to do a specialization, you may have to look for other institutes. A part-time MBA programme that offers as many courses as a full-time one may actually takea lot of time to complete, sometimes as much as four to five years. So, you must decide whether it is worth investing so much time.
There are many reasons why a part-time MBA is so alluring for working people. There are many advantages of the programme.
These part-time programmes are especially very appealing to those professionals who want to give an impetus to their existing career. Adding to their qualification without having to resign from their job or take a career break is a very attractive avenue. A part-time MBA also helps those who have a huge network of business relationships that can easily facilitate a change or upgrade in career.
While there are many advantages of a part-time MBA programme, it is a well-known fact that these programmes are mostly opted by people who are working full-time. Since these courses are so scheduled that they can be taken up either before or after regular working hours, they are a huge hit with working people. Secondly, these programmes allow you to hone your existing skills or develop new skills without having to give up a regular income that comes with your job. Since you would be already working, it would be more practical and feasible for you to manifest what you learn into practice and also take up real-world problems and challenges that you face at the workplace into the classroom where you can discuss them with other students or the faculty. For part-time MBA programmes too, you can avail loans and fee assistance. Also, if your employer agrees to sponsor your MBA education, you get double benefit. Thus, a part-time MBA programme gives you enough flexibility and a workable schedule to carry on your education.
However, there are a few disadvantages too that characterize a part-time MBA programme. The course is longer than the regular MBA programme. If your work entails traveling or staying in office for long hours, a part-time MBA programme will not allow you that. Most institutes do not allow a shift from the part-time programme to a full-time programme if you wish to do that. So, you must weigh all options and seek advice and then take an informed decision about doing a part-time MBA.
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The flexibility of the Part-time MBA – University of Edinburgh Business School
A Part-time MBA student gives his reasons for choosing the programme and the flexibility it offers.
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Mba’s in the Internet Industry – are There Any Reasons for an MBA Graduate to Choose This Industry?
IMPORTANT: Through the whole article and part 2 of this article when I use the acronym “MBA” I’m referring to “Full time MBA” programs from a Top Tier Business School in Europe and the US (see updated rankings here: BusinessWeek or Finantial Times). When I mention and MBA here I’m not referring to any of the following: online MBA’s, Part Time MBA’s, Executive MBA’s, Masters of other kind nor MBA’s from schools that are not consistently listed within the top ten mentioned rankings.
Career choice after MBA Graduation: one of the most important decisions in your professional life
Doing an MBA is a dream come true for lots of professionals. The reasons for doing it are as diverse as the backgrounds of the people who are finally accepted: industry change, higher salaries, get access to top multinational companies, increase opportunities of future promotion, work in a different country, exponential increase of your professional network, etc and. . . of course . . . to learn about Business Administration in the process. Nevertheless, one thing is true for everybody: it’s probably the only time in your professional life where, if you really want it, you could work pretty much in any company in the world. In most cases, you don’t even have to actively apply because most companies go to recruit YOU on campus. Depending on the economic cycle and your background, is not rare to see yourself in a position where you have more than one offer and you have to choose the one you like the most. Can you think of any other point of your professional life (in the past or yet to come) where you actually have two or three amazing job offers at the same time? If you can, you’re a really lucky person. For the rest, this is a once in a life time opportunity and you have to choose wisely.
There are lots of things to consider when making your career choice after the MBA, but I won’t get into detail here; this would be material for another article. The only thing I think It’s worth mentioning here is that for me the most important factor is that you really like what you’ll be doing. It’s my personal view that if you get into an industry or a job that you really like, you’ll end up being very good at it, and probably making more money in the long run than your peers that chose with a different criteria (high starting salary for example) as their most important factor.
Having said that, if what you like to do or what you’re passionate about is the Internet/Technology/Media industry, the rest of this article might give you some tips to decide and help you evaluate some pros and cons of getting into this particular sector where MBA’s are not so common. The goal here is to give you reasons in favor and against taking a job in this industry (by someone who made this choice a couple of years ago) so you can take a better informed decision.
The internet Industry for an MBA
At a first glance, it might seem that there are not too many reasons for an MBA graduate to get into the Internet/Media Industry. The opportunity cost is just too high: You know you will earn less money (than your consulting/Banking peers), your title has much less value (in an “engeneering/technology” driven industry) and it will be much more difficult to find a Job. So. . . why would an MBA from a top tier school should consider the Internet Industry?
First let’s take a look at some of the drawbacks. . .
“MBA Culture”??. . . Non existent
It’s no secret that this industry is ruled by technicians, engineers and programmers. This is reasonable given that most of the early innovations in the industry have been driven people in the “technical” side more than the “business” side of the industry. Just look at some of biggest names in the industry of the last 20 years: Sergey Brin and Larry Page (Google creators), Bill Gates (Microsoft), Pierre Omidyar (eBay), etc, all of them where programmers or mathematicians (maybe the only exception here could be Jeff Bezos, Amazon). These companies, with Microsoft and Google at the top of the list have created corporate cultures where the programmer is the king, having all other functions as regarded as secondary. Many smaller start-ups have followed the market leaders developing similar corporate cultures of their own creating an entire industry where Business People (meaning Marketing, Finance, Sales and other functions) are secondary. In this setting MBA’s are no exception. There is no tradition for hiring MBA’s (the industry is still too young), there are no resources specially dedicated for these kind of professionals, there are very few MBA’s working already in the industry and in general I could sum it up saying that that there is not an “MBA Culture” in the Internet Industry.
MBA Hiring Expertise . . . Not there yet
The Internet industry is new compared with other MBA demanding industries like banking or consulting. These industries have worked with MBA’s in the past and know the value they can obtain from them so they have specific hiring programs for MBA’s, HR staff specially trained to hire MBA’s, internship programs, rotational programs for MBA’s, etc. This means that they have a lot of experience hiring MBA’s over the years and also that there are lots of MBA’s already working in these companies. Usually big consulting firms (Bain, McKinsey, BCG, Booz Allen, AT Kerney, etc) and investment banks (or what’s left of them) are the first to come to campus to recruit, even 2-3 months before any other company. Big salaries and the opportunity to eliminate the uncertainty of getting a job early on drive many people, usually many bright people, to these industries. But this is how it works for the Consulting/Banking industry . . . on the other side the spectrum there is the Internet Industry. . .
As mentioned before, this is an industry clearly led by engineers/programmers, in which Business People tend to be a necessary, but not vital part of the company. Starting from here, is natural that most of the recruiting resources and efforts are directed to hire the best programmers and the brightest engineers right out of college. As a former MBA student, this is something you could clearly see while still looking for a job during the second year. Just to put an example on the “big three” names on Internet and their hiring processes while I was still on campus 2005-2006.
- Yahoo: Didn’t come to any Career Recruitment events, didn’t post any Internship or jobs but at the end hired one person for an Internship. This is one of the different types of mistakes when recruiting on campus: Not posting publicly available jobs/internships. If you want to get the best candidate, the usual path is to post it through the Career Services Department so the position is available to all the students. This creates more applications, more competition and the possibility for the company to choose the best candidate from several different applicants.
- eBay: This company did have some former MBA students in their staff but during the two years of my MBA they didn’t post any job or internship so there’s not much I can say about their recruitment process. Maybe in their case it was just a matter of demand and supply: They already had the necessary share of MBA’s they needed for their current structure.
- Google: Google was the funniest case of the three. They just didn’t want to show up at our career fairs or company presentations but somehow, our Career Services Staff managed to convince them. They came, made a company presentation and brought nine people in, the most of any company that year (usually companies bring the head recruiter and one or two alumni). At the end they didn’t have any internship programs to offer, there were not MBA type of positions and nothing was really clear. They ended up hiring nobody from our school that year. . . which judging by the resources invested, was not a good strategy.
As you can see, In general these companies don’t have well organized process for hiring MBA’s. Up to a certain point this is understandable because the industry is still very young (more or less 15 years old). My hope is that this will change in the near future. As new blood comes to the Head positions of Recruiting Departments from other industries, special internship programs for MBA’s will be designed and more resources will be devoted to hire MBA’s on a regular basis. For now, we can only hope that the few MBA’s that managed to get into these companies do well with their careers, climb high in the ranks of their organizations and can prove their value to an industry that is still skeptic with MBA’s.
Value of an “MBA” to the Internet Industry
Is well known that the MBA title has a different perceived value across different industries. As mentioned before, the experience and knowledge that a top tier MBA programs can bring you are most valued in industries like consulting, banking, private equity and other financial organizations. Lower perceived value means lower starting salaries after graduation and this is another of the drawbacks of choosing to work in this industry.
If you’re not in USA you’re not really in the Internet Industry
This drawback only applies to European MBA’s (like mine for example). Just like many other industries, the internet industry has also a geographical concentration. Like banking (London), Luxury Goods (Paris), the Internet Industry is highly concentrated in the US, and specially around the area of Palo Alto/Silicon Valley. This is bad news for European MBA Students. Also, when US Internet firms go to recruit MBA’s, most of the recruiting will be done inside the US, not in Europe or somewhere else, leaving few opportunities for European MBA Students.
The question here is obvious for an MBA graduate considering going for the Internet Industry: Why would I choose an industry where there is no MBA culture at all, my title isn’t recognized like in many other industries, there are much less positions available and on top of that, salaries are lower?
Seems hard to overcome all of these issues, but there are also some very strong reasons in favor that I will explain in the next part of this article: MBAs in Internet
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Various Types of MBA Courses
Various Types of MBA Courses
MBA Courses are various types In terms of mode of learning Time Span Required for completing them. They include Full Time MBA programs, Part time MBA, Executive MBA, Distance learning Mba, online MBA and Joint or Dual MBA. We present a Brief Overview of each of the Types of MBA Program in India.
Full-time MBA programs are designed for recent college graduates tat are Looking to enter their desired Job Field after getting some Special managerial Specialization in their field. This is for people who aren’t well-established in their current careers and looking for a change. Full-time MBA is of two types – One year Full Time MBA and Two year Full time MBA.
Part-time MBA programs are have been Rising Gradually among the Working Professionals in the Recent Years because they enable them to qualify for new and higher status jobs or promotions along with their current jobs and not having to give up their jobs or personal lives.
Executive MBA Programs are Fast-paced and are offered at campus-based and online business schools. These courses are for seasoned managers or current executives who are willing want to sharpen their skills or add a new specialty to their existing knowledge to gain more value inn terms of Finances and Respect.
Distance learning facilitates delivery of instruction and the fulfillment of course work from distant remote locations and not having to CO-exist at the same place for student to be on campus to pursue His/her Degree. Online MBA may be your best option if you’ve already into your career or have family obligations.
Joint or Dual MBA Means Partnering your MBA program with another graduate program. It’s Quite Suitable and Beneficial Too as enables to gain two degrees in one without having to spend Money and time on both degrees separately.
Thus lots of types of Courses are available and all that matters is One’s own requirements that decides Which MBA course should One Pursue to best Suit His/Her needs.
Education Analyst Anuj Invites you to a complete portal for mba entrance exams preparation. it has information on EMAT exam and also includes TANCET exam and XAT ExamInformation that is quite helpful.
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