MBA is now a vocabulary for a common man as well. With the advent of technology and communication there are many types of MBA programs that are available worldwide: Residential MBAs, Executive MBAs, Distance learning MBAs, online MBAs etc. Executive MBAs are for those who already have more than three years of work experience. This type of MBA helps management executives to take a year’s break and pursue their education. Since these students already have so much of industry experience and possession of requisite skill sets, they do not need intensive two year training. Hence most of the executive MBAs globally are for one year.
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