Private sector is getting more demanding in terms of employee qualification & working experience because of high level of competition in the market. HR Department generally prefer to hire employees who has a business degree along with at least 2 years of working experience.
A Distance learning MBA programme is always a better option for working executives & people who don't have time and money to join a regular course. I've seen many people asking "Is Mba Through Correspondence Has Value In Market". If you ask me this question my answer probably would be YES, It does has a Value.
A Distance MBA has a equal value as a full time MBA has because ultimately both of these courses offers you a University recognized degree which is acceptable across all industry. That's true you don't get learning environmental as you might have got if you would have joined a regular course but this can be negligible if you join a job along with your correspondence MBA.
All private organizations including MNC's prefer candidate who has a good experience in the required field, so people with MBA Degree + Experience always get preference.