A conventional or full-time MBA is often discussed and compared with an executive MBA that is also known as the weekend MBA. It is known by the name of weekend MBA because of the class timings. Both programs contain almost the same courses i.e. finance, accounting, strategy, marketing etc. For people who are not eligible for executive MBA (weekend MBA) programs, part-time MBA programs are also available. We will differentiate the two programs based on their merits and demerits or pros and cons. By comparing the pros and cons, we do not intend to move you away from one of the programs or support one of them. Obviously, people who are stuck in busy work schedules cannot complete full-time MBA program.
Merits And Demerits Of Conventional MBA
Conventional MBA is perfect for the students who have been studying their courses without any interruptions of job schedules. These people do not need to join a part-time program because they have not joined any jobs and are basically planning to start the job only after they have completed their MBA. The cost of full-time MBA is comparatively lesser as compared to a executive MBA (weekend MBA). Full-time MBA requires students to complete their courses in two years, which is ample timeline for them to digest the complete course material. They can also focus on every subject well because they have enough time available. They also get more time to complete their assignments and a daytime schedule is best suited for them because most offices work in these hours too. The daytime and full week schedule allows students to socialize and familiarize with each other well.
Talking about the demerits of conventional MBA, the first thing that pops into mind is the schedule itself. Full-time schedule that runs from Mondays to Thursdays or sometimes Fridays does not allow students to be very social outside their class groups. It does not give them enough time to join any job so they have to do studies full-time no matter what financial issues they might have at homes. Daily commuting from home to university results in spending a huge sum of money being spent on traveling costs for many students. Lastly, even with the internship that is offered during the program, students are never able to get enough time to practically apply what they are studying in their courses.
Merits And Demerits Of Executive MBA (Weekend MBA)
We will count the timing and schedule of executive MBA (weekend MBA) program as the first advantage because without such a schedule, executives will never be able to complete their MBA degrees or at least it will become very difficult for them to do so. Residential weeks that are spent together at the onsite campuses of universities allow executive students to interact with each other and get exposure to the skills of other executives from various fields. The program is shorter, on average it is of nineteen to twenty months. Often GMAT is not required by universities as a requirements for enrollment instead, executives are selected based on their experiential background. This allows people of almost same age and mental levels on the same page.
Cost of executive MBA (weekend MBA) program is the first demerit that we would like to mention. Classes are often held on alternate weekends, which do not provide the students enough time to interact with each other. Traveling costs are not included in the one-year fee programs and companies do not support executives with these expenses as well. Video conferencing although can be considered as an advantage of this program but on many occasions the inferior video and audio quality can be very annoying for students.