Part-Time MBA vs. Full-Time MBA: Which is the Better Option?
MBA is an essential degree for professional growth of an individual in the corporate field. Whether it is to take a promotion, increase salary, MBA is a necessary course a professional should pursue.
There are two routes a student can follow when pursuing an MBA: part-time or a full-time program. Although both provide the same degree some details have to be considered while choosing.
Full-time and Part-time MBA:
Full time and part-time management courses have no major difference, as they offer the same degree and same quality education. The major difference is the time commitment required for each.
The full-time programe are usually in-person and are quicker but are more demanding over a shorter period of time. Part-time management programs are flexible, stretching out learning over many years.
Full-time MBA:
Full-time MBA candidates are generally younger with a couple years of work experience. These candidates mostly want to set up their start-up business or plan a career change in addition to advancement. This program prepares the graduates for management careers in the shortest period of time.
Program duration: the duration of this program is two years, the first year focuses on core business course, and second year comprises specialized courses and electives.with an additional summer internship. As it has two classes every weekday, so working on assignments,class time and studying every candidate spends 6 to 8 hours a day on their MBA.
Cost:
Fee structure of Indian Full-time MBA course:
| colleges |
Total Fees(INR) |
| IIMA |
25,00,000 |
| XLRI, Jamshedpur |
14,30,000 |
| SP Jain(SPJIMR),Mumbai |
24,00,000 |
| SIBM, Pune |
14,69,500 |
| IIM,Indore |
9,04,711 |
Pros and cons:
- Better networking opportunities, salary and career outcomes
- More interaction, and a fully immersive learning environment.
- Lend to more lucrative careers in finance, accounting and consulting.
- Many MBA scholarships require full-time enrollment.
-
Cons:
- More selective application process.
- Less flexible
- Less time for networking or internships.
- Creates a gap in work history and cuts into their earning potential.
-
Part-time MBA
This program is designed for candidates working full-time and pursuing their degree. Hence, the classes are held at night or on the weekends. This is a flexible program as the candidate anticipating a major life or development can reduce their course load to the next semester.
The candidates pursuing this program focus on enhancing their career at their current workplace rather than career change.
Program duration:
This program typically takes three years for completion depending on course load.the candidates spend 2-3 hours per weekday and additional time on the weekends.
Cost:
The fee offered by the institution for part-time MBA in India
| College |
Total Fees (INR) |
| IIMA |
20,00,000 |
| SPJIMR, Mumba |
3,00,000 |
| Tapmi,Manipal |
3,60,000 |
| Amity University,Noida |
90,000 |
| Banaras Hindu University (BHU),varanasi |
70,000 |
Pros and Cons:
Pros:
- More flexible than a full-time program.
- Less expensive.
- Less competitive admission process.
- Eligible for employers tuition remission to cover MBA costs
-
Cons:
- Earning potential is reduced as the candidates focus more on their degree.
- Networking opportunities is minimum
Career outcomes may be limited.
Not eligible for scholarships or bank loans
How to choose between Full-time and Part-time MBA
The full time and part-time MBA programs have to be chosen considering candidates’ specialization preference, current circumstances, monetary investment , and future career goals.
| Full-time MBA |
Part-time MBA |
| Candidates who can attend regular class on every weekday |
Candidates preferring weekend class due to busy schedule |
| Candidates who prefer more specializations and electives options |
Candidates who are fine with limited specialization and elective subjects options |
| Candidates looking for complete course in short time |
Candidates looking for flexible course program |
| Graduates and professionals looking for career break |
Working professionals who want career enhancement without career break |
| Candidates who want to start their career in early age of life |
Candidates with good work experience looking for professional growth |
Candidates have to know the Program:
Full-time and part-time management programs often feature the same rigorous curriculum. but , part-time program candidates take fewer courses per term, allowing them to focus on their assignments. Full-time program encourages the graduates with many options of specializations and electives. Whereas part-time programs offer fewer specializations and electives.
Understanding responsibilities:
Candidates with Full-time work and family responsibilities may find full-time programs difficult to manage. a part -time program makes it easier to focus on both their responsibility and degree.
Analyzing the outcome of the course:
The career opportunities is for full-time program graduates is comparatively higher compared to part-time MBA graduates as the placements are provided for them
Part-time MBA graduates are generally working so their graduation is to enhance their career or to change one .
Best MBA Colleges in Bangalore
Top institute for full-time and Part-time MBA
- IIMA , Ahmedabad
- TAPMI, Manipal
- Bangalore University, Bangalore
- Adesh University,Bathinda
- BITM, Pune
- Bhagwant, university, Ajmer
- IBS, Hyderabad
- Alliance School of Business, Bangalore
- Amity Business School, Gwalior
- BSE Institute Limited, Mumbai
Career options for part-time and full-time MBA
The Business graduate irrespective of time commitment will be trained for leadership positions and higher earning potential.they can work on sectors such as
- Consulting
- Banking
- Human resources
- Operational management
- Marketing
- Finance
FaQ’s:
- Is it worth pursuing a Part-time MBA with any specialization?
Yes, as most of the aspirants are already working they can enhance their career without switching one.
2.Is an entrance exam mandatory for part-time MBA?
Some colleges consider the scores of CAT, XAT,GMAT,MAT,GRE and so on
3.Is an online MBA program the same as a Full-time and part-time program?
Yes, apart from the teaching mode the curricula is the same.
4.Do I have to take an internship for both part-time and full-time MBA?
Internship is mandatory for full-time candidates, most of the part-time candidates are working so internship is not applicable.
5.Are MBA specialization the same for both full-time and part-time programs?
Part -time specialization courses are fewer compared to full-time.
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