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8.4.15

 

Full time MBA or Part time MBA

Part time MBA is the biggest challenge in balancing work and your education. You are trying to deal with two balls: work and education. It can be very hard to balance both and do justice to both, one takes over other and you have to constantly keep up with them.

Full-time programs : A school’s reputation relies mostly on its full-time program rankings. They consume the largest portion of the school’s budget, and they rarely make revenue for a school. More than 90% of all scholarships and fellowships are dedicated to full-time students. Full-time programs are perfect for career-changers in the 23-30 year old age range that can afford the opportunity cost of leaving work to immerse themselves in education and experience.

Part-time programs : Part-time programs are the cash cow of MBA programs and have to live in the shadow of their smaller full-time counterpart. They take very few resources, but they often share the same faculty as the full-time program. Many professors would rather teach at night or on the weekend to lighten their teaching load and dedicate their days to research. Schools will also complement the faculty with adjuncts in part-time programs. Aggregated, the part-time applicant pool is not as competitive or as diverse in terms of admissions as schools typically receive fewer applications, and they are limited to their immediate region and the industries that dominate that industry.

Full time MBA requires your complete commitment of 1 year in case of Executive MBA and 2 Year in case of Traditional MBA.

Major advantage of Part Time MBA is you can continue your work and attend classes during weekends or evening on weekdays. Your job must not be of traveling nature if you wish you attend such course.

Full time MBA is most preferred by recruiters or organizations. Part Time MBA can certainly provide you option of lateral promotion opportunities along with enhancement of skill set. As you are already working it becomes easier to apply skills. Recruiters look for either certificate from reputed university or niche course for part time MBA. Campus recruitment is the highlighted of a full time MBA.A lot of time and resources are spent preparing students as well as attracting corporate in to campuses. Most part time allow student to utilize these resources.

Generally Fees for Full time MBA is highest and you need to identify overall budget for it and you also need to consider total salary earning you will be missing due to 1/2 year commitment.

Part time MBA Fees is generally less than Full Time MBA option and you have advantage of continuing your salary income while studying.

 

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