After B.Com., going for MBA makes sense as it opens a lot of opportunities in the industry. Now you have to see your financial condition and other considerations before deciding for the mode you want to go for it. If you are in a desperate need of a job, then it will be wise to join a job and then pursue a distance or part time MBA as per the flexibility of working hours in the said job. Do not bother for the type and remuneration of the job but see the timings which can suit you to keep your academic ambitions on the forefront.
In other case, that is if you can afford a full time MBA, it will be a good thing to join a reputed institute and get the degree from there and the apply for a job. One thing which is very important today is the scoring. If you can work hard and dedicate and devote to your studies then only there is a future otherwise getting a degree with mediocre score is as good as not getting it. So, in a regular course one has to do all out effort and hard work and if you are one among the top scoring guys you have a potential of getting campus recruitment by the big companies and that will simply be a start of the glorious career.
For your guidance I am giving the salient features of these two modes so that one can take a conscious decision for going for one of them.
(A) Full-time MBA:
In this mode one has access to all the facilities of the institute and has a direct interaction with the faculty and one can also participate in many academic activities arranged by the institute time to time to sharpen the skills of the students by interaction and involvement with the industry.
The classroom interaction with the fellow students is itself a great support and help and is a guiding force for motivation to work hard. There will be ample exposure to the industries and during internship the student will learn the intricacies of management. There are good chances for campus recruitment to the meritorious students as companies come to these institutes for placement.
The duration of the program is 2 years covering theory and practicals exhaustively. The schedule for assignment submission and other participation is more and less fixed and the student will always be busy in those things.
Regular MBA is a bit expansive and the fee ranges from 10 to 30 lakhs depending upon the institute.
As the number of seats are limited or fixed the students will have to qualify in the entrance exam for getting a seat in regular MBA. The student has to undergo the entr?n?? ex?m, gr?u? discussion and p?r??n?l int?rv??w after which his performance will be evaluated for admission. Based on the merit of the case, some institutions provide scholarships also.
(B) Distance MBA:
Distance MBA is in online mode and taught through virtual videos and interaction is through the digital media. Some institutes provide manual study material also.
The schedule in distance MBA is not very stringent and there is good flexibility in submission of assignment etc. There is no strict duration specified for the program but people complete it in 1 to 3 years, mostly in 2 years.
Fee is comparatively less than the regular MBA and ranges from Rs 25000 to 1.5 lakhs depending on the agency conducting it.
Getting admission is not difficult and there is no hard and fast rule for the academic year start or end.
The practical side is a bit weak as there are no industry or field related work or affiliation. Further the campus recruitment and other placement options are not available here.
Also, the peer to peer support is not there as the individual has to pursue it alone.
Knowledge is power.