Types of MBA: Understanding the Different Types of MBA Courses Abroad Image
MBA: The Why, The Whats & The Hows

Types of MBA: Understanding the Different Types of MBA Courses Abroad

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Yocket Editorial Team
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Masters in Business Administration or MBA is a prestigious degree that enhances and expands your business, management and communication skills.  An MBA abroad offers a wide array of choices in terms of programs and specializations. For the optimum benefit of your MBA degree you must be aware of the different types of MBA to choose the best one. 

In this blog we have discussed the various types of MBA programs, their usefulness, eligibility criteria and future prospects.

  Table of Contents:

  1. Why Study MBA Abroad?
  2. What are the Different Types of MBA?
  3. Eligibility for Different Types of MBA
  4. Cost of Studying Different Types of MBA Abroad
  5. Full-Time or Part-Time MBA
  6. Job Opportunities after Pursuing Different Types of MBA
  7. Frequently Asked Questions about Types of MBA

Why Study MBA Abroad?

All types of MBA courses equips students with skills to excel in careers in business, management or entrepreneurship. Before discussing the various types of MBA courses list, let us look at the perks of pursuing MBA abroad:

  • Career Opportunities: The first and foremost motif of pursuing an MBA abroad for all students is to boost their career prospects. In today’s globalised and well-connected world, employers constantly today look for graduates having international experience and exposure.  
  • High Salary: Among all the other benefits of an MBA, job security and high salary allowances top the list. The jobs and salary after MBA abroad are twice as high than an employee with a regular master's degree. MBA graduates are highly in demand in the international job market.
  • Broader Perspectives: Studying at the MBA colleges abroad allows you to experience a varied culture and be acquainted with people from all around the world. Such multicultural exposure enriches your academic knowledge and broadens your mind. You will gain new perspectives in terms of business and personality development. 
  • Varied Specializations: The MBA universities abroad offer a a diverse range of MBA specializations on different aspects of the business world. Starting from Marketing, Business Analytics, Finance , Hotel Management to International Business, there are different specializations for different types of MBA programs abroad. 
  • Extensive Business Network: Apart from the multicultural experience, an MBA abroad introduces you to like-minded students and professors. A large number of study-abroad students find job opportunities in global organizations because of the international exposure they get from their respective colleges, professors and peers. This enables them to build a solid network to progress their career in desired ways. 

Suggested: MBA Without Work Experience Abroad 

What are the Different Types of MBA?

Now that we have discussed the benefits of studying MBA abroad, you are well aware of the importance and utility of an MBA degree in present times. But for the effectiveness of your degree, make sure to choose the best type of MBA. The popular types of MBA courses abroad is listed below: 

  • Full-Time MBA
  • Part-Time/ Online MBA 
  • Executive MBA
  • One Year MBA
  • Dual MBA

Let us now discuss all the types of MBA degrees one by one:

Full-Time MBA

It is for the students who are willing to leave their job and dedicate their full time to the weekday classes and studying. Full-time MBA is the most popular amongst the other types of MBA programs abroad. 

Course Duration 

2 years

Mode of Study

Full-Time 

On-Campus

Part-time MBA

It is for those who wish to enhance their career by acquiring managerial skills while still being employed. The classes are held either online or at the college premises during the weekends for these types of MBA programs.

Course Duration 

1 to 2 years

Mode of Study

Part-Time

On-Campus/ Online 

Executive MBA

Executive MBA is one of the most sought-after types of MBA degrees abroad. It is designed for experienced and working executives, managers, entrepreneurs, and other business leaders who which to upgrade their career prospects. 

 

Course Duration 

1 to 2 years

Mode of Study

Full-Time/ Part-Time

On-Campus/ Online

One Year MBA

One year MBA is another popular types of MBA courses designed for professionals willing to enhance their knowledge and expertise. As the name suggests, this types of MBA stretches over a year. 

Course Duration 

1 year

Mode of Study

Full-Time/ Part-Time

On-Campus/ Online

Suggested: Education Loan For MBA Abroad

Global MBA 

Global MBA aims at providing international business experience to its students. The classes for such types of graduate business degree are conducted in different classroom environments, at times in different countries and cultures too.

Course Duration 

1 to 2 years

Mode of Study

Full-Time/ Part-Time

On-Campus/ Online

So this was all about the MBA type list, let us now look at the eligibility criteria for MBA abroad:

Eligibility for Different Types of MBA

Although the exact set of eligibility criteria for different types of MBA vary for each program and university, the basic ones remain the same. Listed below are the requirements to pursue different types of MBA programs:

  • A recognized bachelor’s degree with the desired GPA of minimum 2.5 (the scores vary across universities)
  • GMAT or GRE score. The average GMAT score is 600 and above 
  • Minimum work experience of 2 to 5 years (if applicable)
  • IELTS score of 6.5 and above, TOEFL(iBT) score of 80 and above for the top universities
  • CV or Resume
  • LOR or Letter of Recommendation
  • SOP or Statement of Purpose
  • A valid passport and student visa

Cost of Studying for Different Types of MBA Abroad 

The MBA cost abroad depends on the country, university and type of MBA program you opt to study. On average, the cost of studying various types of MBA abroad ranges from $30,000 to $100,000. However, you must check the official university website for the exact information. 

Apart from the tuition fees, you also have to bear your living expenses in that particular country. It is advisable to check for costs of the primary requirements like accommodation, food, transportation, health insurance, etc. to avoid any confusion later. 

Full-Time or Part-Time MBA?

There are many speculations about which type of MBA course is the best. Although there cannot be a solid answer for the same, we have prepared a comparison between both the types of MBA including their pros and cons:

Full-Time MBA

Part-Time MBA

2 years fixed course duration

1 to 4 years course duration 

High tuition fees

Low tuition fees

More financial aids

Less financial aids

Less flexible 

More flexible 

Can take up part-time jobs for students 

Can work while studying 

Suggested: Scholarships for MBA Abroad

Job Opportunities after Pursuing Different Types of MBA

The career opportunities after pursuing various types of MBA abroad are quite vast. The proper knowledge and skills one can acquire while studying their respective MBA courses will help them in stepping into the world of competitive job market. 

A list of some popular job profiles for MBA graduates with their average salary are: 

Job Title 

Average Annual Salary

IT Manager

$57,000 - $92,000

Senior Financial Analyst

$67,000 - $125,000

Financial Analyst 

$51,000 - $88,000

Business and Data Analyst

$40,000 - $90,000

Human Resources Specialist

$40,000 - $75,000

Systems Administrator 

$46,000 - $92,000

Suggested: Low Cost MBA Colleges Abroad 

The different types of MBA programs are targeted towards specific groups of aspirants. Hence you must do your research and choose the one that best suits your career goals. For more information, guidance and counseling get in touch with our counselors at Yocket now!

Frequently Asked Questions about Types of MBA

Ques. What is the most popular MBA?

Ans. Out of the different kinds of MBA, full-time MBA is the most sought-after by study abroad aspirants. 

Ques. What is the GMAT score required to pursue MBA abroad?

Ans. You must acquire a minimum GMAT score of 600 and above to qualify for the best MBA colleges abroad.

Ques. Is work experience required to pursue an MBA abroad?

Ans. Work experience is a mandatory requirement for executive MBA and in some cases for one year MBA too. For other types of MBA, having work experience can maximise your chances of getting selected for the MBA college of your choice. 

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