MBA programs are attractive. They promise career advantages, such as a higher salary, promotion, or new career options – be they with your current employer or elsewhere. The career pages of newspapers and online advertisements are rife with promotions for the Master of Business Administration, suggesting that it is the one degree that will allow you to fulfill all your career dreams. They all offer a deal that can be put like this: pay our tuition fees and we will help you get it back quickly – with even more to come in the future.
Program structure and target groups of MBA programs
Not all MBA programs are the same. Besides differences in content, quality, reputation, network and success rates, one of the key distinctions between MBA programs are their structure and target demographics.
A basic distinction: full time and part time
In general, we can break MBA programs into two main categories: those that CANNOT be studied while working and those than CAN. MBA programs that require all your time and physical presence are called full-time MBA programs. All other MBA programs can be called part-time MBA programs.
Potentially confusingly to prospective MBA students, these part-time MBA programs are not always called ‘part-time’ MBA programs, and indeed, are often quite different. They are put into subgroups, such as executive MBAs (EMBAs), online MBAs, distance MBAs, and blended MBAs, as well as part-time MBAs!
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