These days we see the career pages of newspaper and online advertisements are brimmed with advertisements on the Master of Business Administration persuading that the respective program is the one that fulfills all career dreams. And ultimately they all offer a deal that can be displayed in the nutshell. MBA programs are very attractive and promises different career advantages such as higher salary or promotion, new career options within the current employer and outside options with respect to potential future employers.
There are thousands of colleges in and outside India offering MBA in two formats: the traditional, full-time MBA and the executive MBA and both programs require talented students to meet the same high admissions standards, both programs follow the same curriculum, and both programs offer the same renowned degree. But the delivery and structure of the programs is different.
Full-time MBA students select among 18 majors, including the option for an individualized major. Approximately 30% of MBA students complete their degree with a dual major and 10% design an individualized major. Students choose electives from among wide selection of course offerings on the other hand Executive MBA students may pursue a formal major but are not required to do so. Electives and independent study options provide opportunities to deepen areas of expertise or broaden a range of studies. Electives are chosen by each cohort from among wide selection of course offerings.
A basic distinction: full-time and part-time
All MBA programs can be differentiated between programs that cannot be studied along with the job and programs that can be studied while working. Full-time MBA programs are those which require all your time and physical presence. Other MBA programs could be called part-time MBA programs.
Executive MBA or EMBA is that type of program which covers the same core courses as a Full-time MBA or Part-Time MBA. It is also called a part-time MBA as it can be studied along with the job. However, EMBA programs require some years of working experience.