The full-time MBA program remains a popular option for students looking to pursue rewarding corporate careers or entrepreneurial ventures. However, another type of program which is capturing the interest of the students is the dual MBA program.
A dual MBA program is an arrangement where students pursue separate programs along with different coursework for each program. In dual programs, credit from one course can be applied to only one degree. Typically, the dual degree is completed with a reduced number of overall credits.
Some students confuse the dual MBA program with a joint program. In a joint program, part of the coursework counts towards both the degrees. Typically, degrees are offered simultaneously after completion of both the programs.
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In a dual MBA program (or a joint program), typically you will have options such as MBA along diverse programs such as a master in public policy or MA in education. Obviously, the former would be a good fit for someone looking for public policy careers while the latter is fit for participants who want to pursue education management or policy.
So, should you opt for a dual MBA program? Remember that most of you would be fine with just the regular full-time MBA program. A dual degree is useful if you want to position yourself in a management role in your interested subject area and express your interest to prospective employers. At a time when there is a lot of competition for jobs, a dual degree may even make your candidature more appealing to recruiters.
If you are considering a dual degree program, keep the following things in mind:
- Time factor – A dual degree will take more time to finish than a full-time MBA program. In fact, where you can complete a regular program in two years, a dual degree will take three years or more.
- Cost factor – Another important factor is the cost which will certainly be higher in a dual degree program than a regular program. However, it will be lower than the combined costs of individual programs.
- Networking opportunities may take a beating – Since you will be pursuing degrees in other departments, you will not be able to spend much time with your MBA cohort. Since networking is such a key aspect of an MBA program, you will lose out on this front. However, what you lose here can be offset through the skills earned by another degree.
Before you decide on a dual MBA program, make sure that it actually fits in with your career goals and aspirations. Keep the above factors in mind before arriving at a decision. A dual degree can deliver a valuable academic experience which can open the doors to some wonderful opportunities.
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