Distance

Do not opt for a distance learning course, if - you like social learning if you are an extremely outgoing person and the boundary of the house can't restrict you. Do not do distance learning if you like face to face interaction with faculties if you are bad at disciplines.
Distance learning is however extremely beneficial for you if you are working somewhere, can not cover the distances necessary for you to reach the university you want to study if you have lots of responsibilities at home.
Distance learning, contrary to what some people think, is actually a far-sighted, holistic and noble learning solution that empowers everyone to study suiting his or her personalised and budgetary needs. The future is all about virtual, distance learning.

Yes, distance has no value compared to the regular course of the same. 99% of the recruiters recruit candidates from regular and with the good academic profile. So concerning this, I can say that distance education has no value. That too generation/ scenario keep on changing from time to time. So if you opt to do distance education, it may help you to earn some money or value to your career. But it will not work for you in near future says after 3 or 4 years since the trend is been changing, and innovative students are been emerging out. So I suggest you not to go for distance education. You may do the same course after 1 year, but do the regular course instead of distance.
As you have already got some work experience, you might have got some practical knowledge over your core subjects. Automatically it helps you to study the concepts and subjects easily. So you may give some gap to your work and concentrate on studies. Remember after years later, you can not be able to continue your studies as the age goes on and automatically concentration gets reduced. So I recommend you to go for the studies and soon after completion of the course you would get a fruitful job. The job you may find after your regular course, you may even demand more salary. We must always hear the decision of everybody, but we must choose the best among them which gives a good result. If you have chosen distance education, then there is another way to overcome that. You try to get certified from renowned institutes of you related studies by doing certificate courses. So do not get scared and kindly follow the above instructions.

Hi Hasan,
The difference as the name suggests is in the mode of study, while regular courses are classroom session courses where the student has to attend classes; distance/ correspondence courses are more about self-study where the study material is sent to the student and s/he has to understand and learn it on their own. 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 the industry and so the long term career gains are more. Distance learning courses are ideally meant for those who are working and cannot leave their jobs to enhance their education. It is thus an add-on to one's experience and not so much as a stand alone degree.
Those who follow the distance route need to try somewhat harder to get good 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.