THE DIFFERENT MBA PROGRAMS
there are over 1, 250 different MBA programmes offered all over
the world. Many of these have been developed to cater to regional
or specific commercial needs. There is no standard set for the
content of an MBA programme except for the division between core
and elective courses. Several types of MBA programmes are available
and students should make their choice depending on their situations,
interests, objectives and time available to devote to their studies.
Choosing the length of a programme is important when considering
the cost of forgone income from work and living expenses. We can
classify MBA programmes into three main types: full-time, part-time
and Executive MBA.
This is the classic MBA programme, which has a balance between
lecture courses and practical academic work (case studies or management
simulation). The majority of students who receive this diploma
do so with the interest of mastering areas of management like
marketing, finance, accounting etc
This type of programme
attracts students with vast variety of professional goals, from
- The full-time, two-year MBA
This is the classic American MBA which usually takes between
18-24 months to be completed. During the first year the students
have the chance to gain more in-depth theoretical knowledge while
the second year is devoted to more practical training. Many course
options are usually offered within this type of programme.
- The full-time, one-year MBA
Some full time programmes last only one year, between 12-16 months.
These programmes are more demanding because they are condensed
but the advantage is that a student can spend less time away from
The European MBA is typically a one year programme. Students
may have less time to study difficult business issues in depth,
but the pressure they experience in a one-year programme does
prepare them well preparation for their business careers in the
THE PART-TIME MBA
Classes are usually offered at night time and on weekends for
part-time programmes. That is the most attractive choice for those
who cannot or do not wish to stop working while earning their
postgraduate degree. It has also been designed for students who
are extremely busy and work in environments where an MBA is held
in high esteem. About 30 % of the MBA programmes are part-time.
The vast majority of the part-time students have part or all
of their expenses underwritten by their employers. There is no
set length of time for completion of these courses. Each business
school determines the length and style of its part-time MBA programmes.
They vary from two to five years but most of the programmes last
two to three years maximum. They were developed as a response
to the significant number of potential MBA students who could
not or did not want to give up full-time employment. These programmes,
generally offer the same compulsory core courses but may offer
Despite its great success, part-time MBA receives some criticism.
Because most part-time students continue working full-time they
may run into scheduling difficulties, or other work-related problems.
It is true that those students participating in a part-time MBA
programme miss out on some activities available through campus
life. However, in terms of business and job recruitment a part-time
degree is not considered less legitimate than the full-time programme.
THE EXECUTIVE MBA
This is a programme designed specifically for people who have
minimum of 5 years professional experience. Executive programmes
are normally much shorter than the other ones. Admission into
this type of MBA is very competitive, more so than the classical
MBA. Those who complete the Executive MBA are considered the most
prestigious recipients of such a degree. The main objective of
the Executive MBA is to update those in the business world on
all the latest management skills relevant to their companies.
THE ON-LINE MBA
Because of the great advances in technology, a student may choose
the option of taking MBA courses through the Internet. This option
may be helpful for those who are unable to study in a university
or business school, but they are missing out on the full MBA experience
which involves interaction with other students, teamwork, sharing
professional and cultural experience, networking and the enriching
experience of life on campus.
THE IN-HOUSE MBA
These programmes are created by businesses and are open only
to their employees. Relatively new and designed to be relevant
to a particular business issue, the in-house MBA programs
popularity is increasing.
DISTANCE LEARNING MBA
These programmes are growing rapidly in number and popularity.
Despite their obvious shortcomings, they may prove useful for
those who cannot go directly to a school for their education,
but who wish to expand their knowledge in specific areas of business
administration. This type of degree is obtained via correspondence
usually done by mail. Its advantages, as well as shortcomings,
are similar to those of the on-line MBA.