Especially in times of economic slowdown, an MBA degree can help create many opportunities for career advancement and shifts to another industry. This is a worthy investment for many professionals who have high hopes of taking over senior executive positions and managerial posts. Though many aspire to become MBA graduates, many are also discouraged to take up such a degree because of its rigorous requirements. It does take time, money, and a lot of dedication on your part. However, by choosing the right program, you can find the best path toward MBA education.
According to MBA Programs.org, there are MBA degree programs that are suitable for different types of graduate students. Fresh college graduates and even working parents can find a suitable program for them through different types of degree programs offered by many business schools. Here are some of them:
Full-time MBA programs
According to MBA Programs.org,
Full-time MBA programs are typically designed for recent college grads, people not well-established in their current careers, or those looking to change careers. Full-time MBA students are usually those able to take out loans, qualify for merit scholarships, or personally finance their education. They remain out of the workplace during the length of their business school studies.
Full-time MBA programs are ideal if you have free time on your hand or dont have a business to run. However, people say that without practical experience, it is often difficult for students to apply the skills and theories taught in business schools into real-life situations. Though students are exposed to modern strategies and techniques in the business world, in the end, success is determined by the execution of these strategies or how the student can analyze situations and think out of the box for solutions.
Full-time MBA programs are available for the duration of two years or one year. One-year full-time MBA programs are ideal for students who have had business experience. The short-term program goes beyond the basics and focuses more on developing management skills. The two-year program, however, can last up to 21 months. The course includes the basics in business and usually requires internship for training and exposure to applied business theories.
Part-time MBA programs
Part-time MBA programs are available for professionals who are running their own business or are currently assuming a position in a company. Working adults benefit from these programs, which allow them to pursue MBA education while keeping their jobs that help finance their schooling.
According to MBA Programs.org,
If youve already launched your career or have family obligations, the online MBA may be your best option. Not only can advanced business study qualify you for higher-paying positions, but many employers are happy to partially or fully finance online MBA studies for their most promising employees. These programs are well-suited to working parents and career-track professionals; they are generally available part-time, though they are often accelerated.
Although online MBA programs are downright more convenient since they are accelerated and can be taken according to your own pace, an online MBA degree is not fully recognized by some employers. Critics question some online MBA schools credibility, especially with the proliferation of diploma mills nowadays. Some also criticize the programs lack of face-to-face interaction with instructors and others students, which could very well contribute to the expansion of knowledge and practical experience.
Executive MBA programs
Fast-paced executive MBA programs are offered at campus-based and online business schools. Theyre for seasoned managers or current executives who want to sharpen their expertise or add a new specialty to their existing knowledge.
As for any type of MBA program, the foremost requirement is commitment. If you dont have the patience, hard work, and perseverance, its hard to succeed in such a program that requires higher learning and for you to put practical experience into practice.
mbaadmission.com added that all programs have their own benefits and disadvantages. Heres an excerpt:
Going full time will allow you to concentrate more fully on class work. It will also make a summer internship (which can be critical in executing a career switch) crucial.
Part time programs can be less intensive depending on the workload from your employer. The income can also make the experience less financially stressful, with many employers covering the tuition costs.
You have to consider your status and assess your capabilities based on given responsibilities at the moment when choosing the best program that suits you best.
This entry was posted on Wednesday, July 14th, 2010 at 8:01 pm and is filed under MBA degree. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.