A Master of Business Administration (MBA) is an internationally recognized degree that will help you learn skills required to build a career in business management. Traditionally, students would pursue a two-year, full-time MBA course immediately after completing their graduation..
Today, they often opt for one year full-time MBAs, part-time MBAs, and full-time executive MBA in India as well as abroad.
This article might help those who are considering opting for an MBA and are confused between full-time and part-time options.
Although they differ in their medium of instruction, the basic course material and syllabus for both types of MBAs are the same, which prevents part-time students from falling behind. But part-time students miss out on classroom discussions, which offer a vital learning experience.
- Prerequisites for application
An absolute prerequisite when applying for a part-time MBA is five years of work experience, unlike a 1 year full-time MBA in India, where there is no such stipulated mandate.
Entrance tests for full-time MBAs are extremely competitive and high scores will increase your eligibility. For aspirants who miss making the cut, a part-time MBA can be a realistic option.
The fees for full-time MBAs tend to be higher than those for part-time ones, but scholarships are given more often to full-time students.
- Credibility as employees
Having a part-time MBA will make you an asset to your company if your employer is supportive of this decision. However, employers have been reported saying that it is not correct to assume that a part-time MBA will equip you for a career as well as a full-time MBA will because it lacks the vigor and competitiveness of the latter. It has also been observed that drop-out rates are higher in part-time MBA courses in India.
- Time management
Since many working professionals opt for a part-time MBA course, its timings are more flexible as opposed to a full-time one. Distance-learning programs and the availability of online resources allow students to study at their convenience.
However, a part-time MBA could mean the occasional sacrifice either in your work or study spheres when work-related deadlines and events overlap. A full-time MBA, on the other hand, will allow you to focus on the task at hand without distractions.
While choosing a course, whether one year MBA or two, students should factor in the pros and cons of all programs. It is also important to take into consideration their own grades and ability to manage time.
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