1. Apply theories on the go:
In Full-time MBA you have to fight off with a pool of applicants just to get a live project where you hope that you would get a chance to apply your MBA learnings. However, with a Part-Time degree, you have your office where you can try your newly learned spells. Also, the office work will keep you in touch with the latest industry trends unlike in full-time MBA where your learning depends only on the pedagogy adopted by the faculty and books or years old cases.
2. Financial Stability:
An MBA degree requires you to burn a hefty amount of money. This money can be arranged with an education loan or savings. In both the cases, a candidate is in a significant financial burden to return the money. In a full-time MBA, the candidate is dependent only on the final placement. The placements every year depends on many this from your luck to Trump changing the US policies. Thus, with a part-time MBA you are earning with your education, thus paying the fee does not seem a big burden, and you are not dependent on your college to provide you with a job.
3. Work-Life Balance:
For many people, they are the only source of income in their family, or they are contributing a bigger piece of the pie of total family income. Many a time, people get married as soon as they get their first job. For all such candidates, part-time MBA works just fine. They can have their classes at the weekend and enjoy their weekdays with their family and doing office work. Thus it gives you a complete All-In-One package.
Cons:
There are no big disadvantages of doing part-time MBA as such, but as I mentioned earlier, it is not considered as a true MBA. Some old minded industrialist thinks that part-time MBA lacks the rigour of a full-time MBA degree. Also, many people are not able to keep up with family, work and education altogether and they drop out. But an MBA is all about rigour. Right?
In conclusion, I would say that now that time has changed and companies want their employees to stay with them even if they have to allow them to do a part-time MBA. In addition, now part-time MBA courses are not so alien as they were used to before. Many renowned b-schools such as IIM Lucknow, FMS Delhi, KJ Somaiya, Mumbai and MDI Gurgaon are offering part-time MBA courses. My college i.e. KJ Somaiya provides all the facilities including hostel accommodation to its part-time students. Thus, it is now more than ever comfortable to option to choose over full-time MBA for working professionals. I hope this article was informative and brought some light to a not so well known career option.
All the best!
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Comments
dheeraj hazarika
Just want to add that more options are now available for the working professionals who don’t want to quit their jobs, which I think is logical in these testing times (current Covid pandemic). Options are galore like EPGP from IIMK, e-PGP from IIMA, these are hybrid programs (mix of both classroom and online). Both the programs are serious in rigour and pedagogy. IIM Shillong have started their part time MBA at Guwahati campus. IIMB had an old successful part time program (over weekends). All these are some serious programs where selection is carefully done - all of them accepts CAT, GMAT scores, some have their own in-house entrance exams followed by a rigorous interview. Very good profiles are only taken to solidify the peer group. In times to come these programs will gain a lot of momentum.
25 Jul 2020, 10.26 PMEdited
Abhishek Vankit
Hi Harshad, thanks for this article. Could you let us know about the placement opportunities you had after the part-time MBA, or the opportunities at your current place of work which allowed you a better work profile?
12 Jun 2021, 07.22 AM