|Part Time MBA|
For Working Professionals
|Part time MBA
Management education in India is becoming more popular in recent years. Now-a-days being an MBA is regarded as an added advantage. Any qualification coupled with an MBA degree enhances one's job perspectives. Today's young professionals consider MBA as a stepping stone in their career.
Economy has changed all the social and economical scenario of the world. It's an era of multi-nationals. MNC’s are coming and picking up the best possible talent to run their businesses smoothly. Students of new generation want to use it at its fullest, to be a part of this, to understand the business better. MBA is the easiest way for them. Not only younger generation but experienced and mid-career professionals are also opting for MBA just to give a kick to their existing career.
But is it reasonable to put your existing career on hold and go for a full-time MBA? Is it worthwhile? It all depends upon a person's personal choice, his/her career aspirations and other factors related to him/her. Full-time MBA will require complete devotion, full days' time and rigorous research work, which is not possible with a full-time job.
If you are ready to take risk, you could certainly go for a full-time MBA, but if you are not, and still imagine yourself as a budding corporate professional, part-time MBA is the right choice for you.
Through part-time MBA, one can expand his/her knowledge base. Part-time MBA can also present one with new opportunities along with existing career.
Part time courses are prevalent in foreign countries and are now in great demand in India as well. These courses are equipped with both classroom and online training. As various institutes offering part time MBA in India are well aware of the problem faced by professionals in managing both work life and study, they provide the flexibility of attending classes on the alternate days.
Therefore, if you are a working professional and already have substantial work experience [more than 6 years] in the industry and also plan to stick to the same industry for long time, go for a part time MBA.
Part-Time MBA in India
Part-time MBA is a very good option for working professionals as it demands lesser time and is very cost effective than a regular MBA. One needs to find out the best suited Part time MBA institutes and colleges offering part time MBA courses, programs and evening MBA in Mumbai, Delhi, Chennai, Hyderabad, Pune, Bangalore, Kolkata, Chandigarh and other states and cities of India.
A part time MBA can offer you a number of benefits. The foremost benefit is students can work and study simultaneously since the classes for such programs take place after office hours, on weekends like Saturdays and Sundays, and even on other holidays. The majority of working executives who have already good amounts of work experience and settled on a job generally go for a part time MBA in India.
Students have also the liberty to fix the date of their exams. The part time MBA programs offered by various institutions include specialization in human resource development management, business studies, financial management, marketing management, health care administration, etc. The list of Indian institutes and universities offering part time MBA includes the Indian Institute of Management in Kolkata, Narsee Monjee Institute of Management Studies in Mumbai, Loyola Institute of Business Administration in Chennai, Symbiosis Institute of Management in Pune, Indira Gandhi National Open University (IGNOU) in Delhi and many more.
But at the same time, make sure that you enroll in an 'A' grade college as the part time MBA is not seen in the same light as full time, but a good college/brand name will suffice for that. And the reality is that it's almost impossible to shift career 180 degrees using your part time degree.
Advantages of Part-Time MBA
Part-time MBA programs were specifically designed for those working professionals who need to work and study at the same time. Some of the advantages of part-time MBA are: -
Disadvantages of Part-Time MBA
Criteria for Selection of Institute
Before selecting any institute for your part-time MBA, you should consider the following points: -
Part-Time or Full time MBA:
If you are a fresher or have work experience of less than 2 years, then you should go for a full time MBA. Also, if you are looking for a career shift [say from IT coding to sales/marketing], Part-Time MBA is not the right choice to make.
But after having stayed in the industry for 4+ years, doing a full time MBA/and a career shift, will most probably erode all your previous work experience benefits. And of course, you will be considered to be a fresher in that new industry even after having an experience of 4 + years in the Corporate/Professional world.
Therefore, a fresher with 2 or less years of experience and who is ready to go into any available and booming sector should go for a Full-Time MBA course while an experienced professional with 4 or more years of experience and who is not much eager to change his/her work field, rather considering an MBA degree only to enhance his/her skills, should go for a Part-Time MBA Course. This is not any rule of thumb but only a trend that has reaped positive rewards for many students and working professionals.
Things to be kept in mind while selecting a part time MBA program?
Keep in mind the following points if you are attending a part time MBA program:
If you're evaluating part-time MBA degree programs, you may opt for:
Distance Learning Program or Campus-based part-time programs
The origins of distance learning stretch all the way back to the 18th Century, when an American teacher of business shorthand offered learn-by-mail courses in New England. By the mid-1800s, London universities were routinely offering degree programs by mail. By the latter part of the 20th Century, breakthroughs in digital technology transformed the international learning system, enabling MBA degree programs to flourish in the online space.
Employing breakthrough technology in messaging, chat, streaming lectures, and video presentations, today's MBA degree programs offer the best opportunities for earning an accredited MBA online without compromising your busy work or family schedules. They can be a perfect solution for business professionals who can immediately apply their learning in the workplace, or for those who want to boost their credentials to move into better-paying, management roles within their organization.
Online MBA -
Distance education, and the acceptance thereof, has skyrocketed in the digital age, making an online MBA degree from an accredited school one of the best options for busy students with careers and family obligations. Technology makes it possible for students to view live class lectures, interact with peers on discussion boards, collaborate on projects with email, and conduct research at online business libraries.
Online programs are offered by colleges, universities, and business schools across the country and around the world. These programs give unparalleled access to everyone with an Internet connection and expose students around the globe to diverse social and business cultures.
The Online MBA Advantage -
Students report that the online Master in Business Administration experience is not isolating. In fact, they say that collaborative online project work with their fellow students forges life-long professional and personal relationships.
Distance learning provides some distinct advantages:
For it all to work, however, students enrolled in accredited online MBA degree programs must be disciplined and organized, creating a regular routine to attend classes, teleconferences, lectures, and workshops.
Possible Drawbacks of an Online MBA -
The self-paced, accelerated online MBA may not be your best option if you have trouble with routine online communications, chat, or browser software. You'll need access to broadband connectivity for most of the sessions to operate smoothly. On the other hand, if you're used to the business world and its software, you'll fit in nicely.
Online colleges typically do not offer as many scholarships as brick-and-mortar schools because students are often already employed or are sometimes funded by their employers. While many online MBA programs offer career placement and assistance, some do not. You'll need to evaluate your needs and individual school offerings carefully before making a choice.
Campus-based Part-time MBA
This option is feasible if you can take your time off from your organization and willing to attend classes in any college or institute. Campus-based Part-time MBA could be the part-time executive MBA or weekend classes or classes on some particular holiday.
These days, though, we can see a lot of colleges offering a combination of online and campus-base part-time MBA to the willing students.
Accelerated and Streamlined MBA or Specialized MBA
Accelerated and Streamlined MBA
Your part-time MBA programs may be accelerated and streamlined. That means you may only have exposure to core, fundamental business management training without the options to specialize in fields like health care, operations, information technology, finance, or marketing.
Some part-time MBA programs are designed specifically for specializations, potentially ruling them out for students who are seeking a well-rounded program in their choice of field. For e.g. an engineering professional wants to have an MBA degree in IT and System or Telecom or Petroleum sector for enhancing his/her career. Similarly, a bank employee wants to boost his/her career through an MBA degree in financial management or Bank Management or Insurance management, etc.
Institutes Offering Part-Time MBA
Some of the institutes offering part-time MBA for working professionals are listed in the table below:
Some other institutes offering Part-time MBA are - Goa Institute of Management (GIM), Goa; Institute for Financial Management & Research (IFMR), Chennai; Great Lakes Institute of Management, Chennai; Xavier Institute of Management & Entrepreneurship (XIME), Bangalore; etc.
On the final note, part-time MBA may not be considered as credible as full-time MBA, but it will be beneficial in the long run. Applicability in case of part-time MBA is much more than full-time because you have the opportunity to apply your theoretical knowledge at your work place and can see the practical application in a short time. Biggest advantage of this type of study is that you get to learn at your pace and without disturbing your fixed schedule. Part-time courses are becoming more and more popular because now people understand the importance of these courses and with the ease they could be completed. Now it's time that part-time MBA gets its due recognition and respect from the industry.
Hopefully you are now equipped with info on Part Time MBA so action your plan. For latest updates on Part Time MBA , stay tuned to www.mbarendezvous.com – India’s only content lead MBA portal.