Campus-based MBA programs are the traditional way to complete business degree. In a campus-based program, one
attends classes in business, economics, and finance topics during the morning and afternoon. Often, you are assigned to work on group projects with your classmates (coming from diverse fields and geographic locations)
, and these groups might meet outside of your normal school hours.
Campus-based MBA programs are okay for people who have time to devote to studies. Most campus-based programs are full-time, so you must be willing to make
a serious commitment of time and energy. In general, these programs can be completed in around two years. A major benefit of a campus-based MBA is the high level of interaction with professors and other students (Physical
contact), both in and out of class and culture and varied resources. If you know that face-to-face interaction greatly enhances your learning, it might be wise to choose a campus-based program.
One of the main reasons
for pursuing an MBA in the first place is to get out of the cubicle and shatter the 'glass ceiling'. While a distance MBA can provide you with the necessary skills for career advancement, it won't give you a degree. You'll have to
sell the merits of your degree to each employer. Traditional MBAs are familiar to every one. Why then handicap yourself?
Campus-based MBAs Provide Networking Opportunities
As any business student would tell you, networking is a vital component of the MBA experience. Schmoozing and group projects often constitute a major portion of your 1-2 years of study. It's not uncommon to find yourself
working with former classmates once you graduate and enter the professional world. In postal programs you might walk away with many friends, but that doesn't necessarily mean you can extract viable business relationships from these
Advantages of an online MBA:
* Less time commitment than traditional programs.
* Flexibility to schedule class work around your personal and professional life.
* Ability to attend classes even while traveling.
(but all the above need capacity, aptitude and commitment)
Disadvantages of an online/distance MBA:
* It is certainly not meant for fresh
graduates without any business exposure without which good companies don't accept postal or distance learning MBAs or PGDM type diplomas. These are also not accepted by universities for research careers and PhD.
* Limited interaction with classmates. Most people find one of the most rewarding aspects of business school is the life-long friendships. Strong relationships are difficult to form with distance learning.
Students may not have access to traditional business school services such as career placement.
* Some may find it hard to discipline them selves to study when classes are taught online or through course materials.
* Cases cannot be used in private study.
* Some employers may not recognize an online MBA as they would a regular MBA program.
1. Any fresh graduate with less than 3
years experience in business or work should avoid distance education programs as far as possible and go for a full time.
2. A person with less than 55% marks or having studied in Hindi or Regional language should ideally
attend full time campus program. Communication skills, personality development and English comprehension are essential for good career in business and research.
3. Those who aspire to go for research degree in future, in
the teaching assignments and for top-of-line companies including public sector must go for Campus MBA
and avoid all types of PGDM/PGDBA type courses unless these are treated equivalent to MBA by 'Association of Indian Universities'. It will be sheer wastage of money, time, energy and playing with your long term future prospects.
Please note that IIMs being state owned can never violate any law and their PGPM (PGDM) is treated as equivalent to MBA degree by AIU along with some other prestigious institutes (total around 35). Therefore
it is incorrect to state
that they are not approved by AICTE. They don't need it at all, but have to comply with AICTE standards anyway which they of-course do. These are centers of excellence and don't need AICTE or UGC approvals. Remember IITs also not being universities still can give degrees like B. Tech and M Tech under law. Three agencies are involved in technical education in India –UGC, AICTE and DEC (for distance learning programs)
Hence for getting a serious recognized business degree by a fresh graduate, the PG diplomas and distance learning MBA programs are a big no-no. So is an un-recognized program.
Any good campus based MBA program even in metro city should not cost more than Rs 1 lac per year in India excluding residential and all types of travel expenses. So watch out. Lots of profiteers have entered this sector
treating education as cash business with big lists of claims and false propaganda.
The potential candidates are welcome to write to author for further guidance and clarifications.