Things to Know While Joining a Regular MBA or an MBA Distance Education
If you want to join a regular, on-campus MBA, it is essential to know that the colleges and universities admit students during a fixed time interval and only once a year. These institutions have a fixed date by which you have to submit your application form. The number of students that can be admitted to the course is limited. After the date of submitting the application form passes by, the institution has a fixed schedule for the process of admission. After the final date of admission passes by, the institution does not accept any student to the course. On the contrary, if your aim is to join the distance version of this post-graduation, you need to know that here admission is an ongoing process. There are no fixed dates for submitting the application form and the process of admission. This intake process is going on throughout the year. This is one of the major issues why distance MBA became very popular.
The Financial Burdens of on-campus MBA and Distance Learning MBA
A college MBA has a fee structure that ranges from 10 to 30 lakhs INR for the entire course. The final value depends on the particular institute in question. Moreover, students have additional expenses, such as conveyance expenditure, stationery costs and cafe teria overhead, among others. The MBA degree from a distance college requires fees in the range from 20,000 INR to 1,00,000 INR for the complete post-graduation. Students save money required for transportation and cafe teria. There is minimisation of expenses arising due to stationery needs. It is obvious that the fiscal burden of a distance institution is much less as compared to an on-campus institution.
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Comparison of Regular MBA and MBA Courses Distance Education While Post-Graduation is in Progress
On-Campus MBA
Distance MBA
A fixed time span of two years divided into four semesters
A flexible time span from two to four years
A fixed time-table for classes
No classes are implemented
A particular date for submitting assignments
The date for submitting assignments is flexible
Specific venue for examination of each subject
The venue of the examination of each subject is chosen by the student
Specific dates for examination of every subject
The examination schedule as per the personal student plan
Field visits and industry visits are a part of the MBA curriculum
Obviously, students get considerable exposure to the real-life scenarios pertinent to their theoretical subjects.
No plan for any field visits or industrial visits.
Consequently, students get only theoretical knowledge.
Career After on-campus MBA and MBA Degree Distance Learning
MBA colleges with traditional education methods have a placement cell. During the fourth semester of each batch, this placement cell takes the initiative to find employment for the students. Typically, such colleges have tie-ups with industries and companies. The companies conduct employment drives on the campus of these colleges and hire the management candidates. Generally, distance MBA colleges do not have any placement cells or tie-ups with companies to recruit distance students. The role of these colleges is restricted to offering some placement assistance to students. Some instances of such assistance is providing training to draft a compelling resume and providing updates of opportunities in the market.
In regular colleges, students intermix with one another for two years, which creates a strong rapport among them. There are continuous interactions between the faculty members and the students. Students can also have discussions with industry professionals. The outcome is that these students develop a considerable network. After completion of post-graduation, they can continue and grow this network, which is beneficial for their career in various forms, such as job switches, guidance and consultancy. In distance institutions, there is no communication among students and between students and professors. Industry professionals are not introduced to students. Overall, there is a lack of networking. Thus, after students get the MBA certificate, they have to build their career using their own abilities.
Now, you have a panoramic information, beginning from taking admission to undergoing the post-graduation to pursuing a career after getting your certificate. You are in a position to weigh the benefits of distance MBA positives and the negatives if you embark on either of the paths and finalise the most-beneficial avenue for your particular case. You can also go one step further and find out why online MBA is gaining fame.