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What are Different Types of MBA Degrees and Why You Should Have One

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John Tailor
What are Different Types of MBA Degrees and Why You Should Have One

No matter where you are in your career, there is an MBA program that can help you go to the next level, whether you're just starting out your career or you already have a couple of years of experience in your pocket.


MBA programs are available in a variety of formats, including full-time residential programs and distance-learning programs that may be completed from the comfort of your own home. Which MBA program should you pick if you want to have a comprehensive grasp of business? Hopefully, we’ll adequately answer this question with today’s article. So, let’s dive in.


Full-time MBA

One-year and two-year full-time MBA programs are the most common. Whichever path you choose, you'll be required to attend school full-time and refrain from working while you're there. No one is banning you from work, however, realistically, you won’t have enough time for a full-time job, though you may be able to squeeze in a weekend gig in your schedule if you desperately need some extra cash.


There are two-year MBA programs, which are ideal if you want to spend more time on your business education, pick an area of concentration, and potentially do a post-graduate internship.


It is possible to complete one-year MBA programs as well. These programs are accelerated and are perfect for those who have a bachelor's degree in business and already know some basic terms regarding business because of their preparatory programs.


Part-time MBA

If you want to get an MBA but don't want to give up your job, a part-time MBA can be the best choice for you.


It is possible to personalize an MBA program to your own needs. As a rule of thumb, most students finish their degrees in two to five years, or even longer since they can study at their own pace. 


Courses will be accessible at times that work best for you. You may also attend an evening or weekend-only program.


Online MBA

People who have a job and a family might also benefit from an online MBA program


In order to get a degree online, students may take advantage of all the technology has to offer.


All of the online MBA courses are entirely online. Prerecorded lectures or live lectures from academics may be available to students. Students may work together on homework and projects, as well as engage in online discussions with their classmates.


In order to obtain an MBA, students must be willing to put in the time and effort. Online programs aren’t easier than real-life ones. Additionally, they can take from 2 to 6 years to complete, just like any other MBA program.


As with on-campus MBA programs, this program is tailored to accommodate the needs of students. Another benefit of an online MBA is that you can take your classes from all over the world. For example, you can complete an Australian online MBA even if you’re from the USA.

One more plus is that most of the time, the cost of an online MBA degree is much cheaper than that of a traditional MBA.


Executive MBA

Those who are already working in the business but want to move up the corporate ladder can choose an Executive MBA program. As a result, most programs place a high value on the years of professional experience that prospective students may contribute to the group.


It is common for these programs to be taught on a part-time basis, generally at night or on weekends. In this way, you may continue to learn and use your knowledge and abilities in the workplace as you grow and progress. It's more typical for corporations to fund EMBA degrees than MBA degrees because of the additional advantage to your organization.


EMBAs are often taught over a two-year period, despite being a part-time program. There is a greater emphasis on management and leadership abilities than in a typical MBA program.


Choosing a program might be challenging, but there are a number of aspects to consider, such as your aspirations for the future, the duration of the course, and your personal assets and passions. Choosing an MBA isn't easy, but by being honest with yourself and seeking the information you need, you’ll be on the right track.

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