Hello,
I feel that since you are still in the right learning age and stage, you should pursue a regular (full-time) M.B.A. from a reputed institute. It will broaden your vision regarding organization, management, and HR.
This is not to say that pursuing MPM is bad. However, based on my relatively long association with the profession and management education, I believe that MPM coursework will equip you well for handling specific functions, while developing managerial perspectives will largely depend on your own life skills. On the other hand, an MBA will provide you with significant conceptual knowledge that can expedite the development of your managerial perspectives within a shorter timeframe and with relative ease.
Regarding distance learning courses, my experience is limited. However, I believe that face-to-face interactions with teachers, professionals (visiting faculties), and fellow students enhance the learning experience.
I am puzzled by your reluctance to pursue a regular MBA and instead choosing to invest the same amount of time (two years) in MPM.
If you would like to discuss this topic further, feel free to call!
Best of luck and regards.
Samvedan
June 6, 2007