“The interested person will do what is convenient. The committed person will do whatever it takes”
We can highlight the main points to discuss the difference between a regular and a distance MBA program.
Mode of Study: The fundamental difference between a Regular full time MBA program and an MBA from Distance Learning is that of the classroom study and the knowledge that I students can acquire from the interaction they do with the faculty member on everyday basis. There are proper classes in a Regular MBA, whereas in Distance Learning MBA there are no frequent classes and no interaction with the fellow students and sharing of knowledge and learning.
In distance/ correspondence courses are more about self study where the study material is sent to the student and they understand and learn everything from their own.
Recognition: The prospects of a full time regular management course are better than a correspondence or distance learning course. The acceptability and recognition of a full time course is higher in industry and so the long term career gains are more from a regular MBA course, if compare with the distance program .
Learning: Distance learning courses are basically meant for those who are working and cannot leave their jobs to further their education. The MBA degree is very much requiring for the job promotion or the career growth. The career growth gets stagnant if one does not have a Degree. It is thus an add-on to ones experience and not so much as a stand alone degree.
Those who follow the distance route need to try harder, fight a lot to get an average jobs, but jobs also are available for those who have the requisite talents, skills, strengths, personality and those who fit into the work culture of the firm. Considering this one must pursue a regular MBA program than just going for distance mode, provided the resources available. One can also consider the distance MBA option in case of Limited resources or incase of time factor for the working executive.
Financial & Economic: Distant MBA is for those students who are financially weak or either don't have enough time to complete regular courses but they want to complete. It depends on the socio economic background of a student to either enroll for the regular MBA program or for the distance MBA program. Just take an example -A man who is currently doing job and want to get MBA degree then he must apply through Distant MBA, because by that option he would be able to achieve the MBA title with out affecting his work or Job. On the other hand Regular MBA is for regular students who have enough time.
Degree: There is no any difference as far as the degree is concerned because through both modes you get the same degree (As most of the B-school provides MBA degree from UGC in Distance Mode) but it is the experience and competitive environment that you miss while completing MBA through distant learning. You just pass your examinations but you miss the concept that the regular courses provide to you. In regular courses, you experience the competitive environment which inspires you to perform better.