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Both regular MBA and distance MBA have their own advantages and disadvantages. It ultimately depends on your personal circumstances and career goals. Here are some points to consider:
Regular MBA:
Provides a full-time immersive experience
Allows you to network with peers, professors, and industry experts
Provides opportunities for internships, projects, and campus placements
Offers access to on-campus resources such as libraries, clubs, and events
Can be a significant investment of time and money
Distance MBA:
Provides flexibility to study at your own pace and schedule
Allows you to continue working while pursuing your degree
Can be more affordable than a regular MBA
Can be completed from anywhere with an internet connection
May not provide the same level of networking opportunities as a regular MBA
If you have the time and resources to pursue a regular MBA, it may be the better option as it provides a more immersive experience and greater networking opportunities. However, if you need to continue working while pursuing your degree, a distance MBA may be a more practical option. You should also research the reputation and accreditation of the MBA programme before making a decision.

Engineers are part of the most important activity of the puzzle called operations in any business. In the normal course of development, as one develops mastery over the engineering aspects, It is only logical for anyone to cover the other aspects such as finance, marketing, HR and finally general management. Such resources would eventually become a well experienced personality ready to become COO/ CEO's.
However many engineers try to get into MBA immediately after Bachelors, in such cases, they stand a better chance as success in MBA largely depends on logical, analytical and reasoning abilities of the student which is largely the bedrock of any engineering curriculum.