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Part Time MBA
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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: -
  1. Classes are scheduled in the evening mostly, so one can study and work simultaneously. It does not interrupt the routine of normal working life and gives an opportunity to avail a new qualification with the existing job.
  2. New skills can be developed without interrupting existing job. You can enhance and update your present knowledge base.
  3. Students have an opportunity to incorporate real-life situations and problems into the classroom where immediate solutions to these problems could be explored.
  4. Students can apply theoretical knowledge of classroom at their workplace and can see the effects immediately.
  5. Financial help may also be available.
  6. Cost of study is spread over a longer period of time.
  7. If your employer reimburses your tuition fee, part-time MBA is an ideal choice for you.
  8. You can easily go for your classes even if they are held far away from your place once or twice in a week, as it is manageable, while daily classes are not.
  9. Because you are working, regular flow of income is there. This leads to less debt as compared to full-time.
  10. Arranging the money will not be a big problem because you have a regular source of income. Most of the MBA courses cost around 3-4 Lakhs, and with a job in hand, you can manage that expense.
  11. There is a lot of flexibility in part-time courses. You can vary course load in order to concentrate on a particularly difficult course, and then take a heavier load later with less intensive courses.
  12. You could be considered a hard working and dedicated person by industry people because you are managing two tough lives together, i.e., studying and working. Therefore, chances of promotion are more as compared to others. In some organizations, having an MBA degree is considered an added advantage, and thus, increasing your chances of promotion.

Disadvantages of Part-Time MBA
  1. Part-time MBA programs usually take two to three years to complete, but may take up to five. For such a long period, tuition assistance may not be available.
  2. Only some selected schools offer part-time MBA programs. Your choice is limited. You may be required to attend a school that is not your first choice.
  3. While doing part time MBA one has to be under tremendous pressure. Because in the morning, you are working, and attending classes in the evening. It will create double stress.
  4. Student prefers doing MBA to be a part of industry, but industry does not give much credit to part-time MBA.
  5. Market value of part-time MBA is less as compared to full-time program.
  6. Generally, part-time students are not allowed to participate in on-campus recruitment. So if you have a job, well and good, but if not, you have to struggle more than your full-time counterparts.
  7. Usually, part-time MBAs do not have very intimate bonding with their classmates or peers. Networking opportunities in future are less.
  8. If you have a field job or touring job, you may feel difficulty in completing part-time MBA.

Criteria for Selection of Institute

Before selecting any institute for your part-time MBA, you should consider the following points: -
  1. Brand Name: Try to select a school with a high reputation in the industry. These institutes have structured syllabus and provide accurate education. Moreover, their name can add weightage to your resume.
  2. Credibility: Select a course in which admission is granted to only eligible and qualified students, which means there should be some criterion for selection. Don't go for a course in which everybody who applies gets admitted. This will decrease the credibility of the course and harm you in the long run.
  3. Location: Check out for the location of the institute you wish to join. It should be within your easy reach so that you can attend classes easily after a hectic day's work.
  4. Timings: Timings of the classes should suit you. Whether classes are in the evening or on weekends, you should be able to attend them without being late, and on a regular basis.
  5. Expenses: Before selecting any institute, think about your budget. Gather all required information related to the course, like total course fees, fees per semester and other expenses. Spend your hard-earned money wisely. Evaluate each and every point carefully and then take a decision.
  6. Eligibility Criteria: See the eligibility criteria of the institute to check whether it suits you or not. Eligibility criteria for most of the institutes are graduation with 2-3 years of work experience.
  7. Admission Process: Admission process of the institute should neither be too complicated nor too simple. Admission procedure in most of the institutes includes a Common Written Test (CWT) followed by Group Discussion and Interview. Applicants who qualify the CWT are called for GD & Interview. On the basis of these three, final selections are made.

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:
  • Maximize your learning - Learn ways to implement the classroom studies in your workplace. For e.g. if you are attending a marketing course, make sure that you speak to marketing folks in your company [even if they you hate them] and get their insights. Real value of a part time MBA lies in implementation and not the theoretical part.
  • Network, network and network - Most of the part time courses are attended by executives and chances are that they will bring a very rich experience to the classroom. Use that experience of theirs'. Network with them as much as possible. Build relationships with these guys. They can provide you the springboard you have been looking for.
  • Know what to expect - No matter where you do your part-time MBA from, know what to expect from the course. Few companies have clear policies to not treat part time MBAs on the same lines as full time, irrespective of the college/brand. Accept these realities and manage your own expectation by exploring opportunity with companies which have no issues with part time MBAs [typically mid/small sized].
  • Network with the team - During the course of your MBA, network with the team that you want to get into. For e.g. if you want to shift to Marketing/Product Management, build relationship with those folks in your company. Remember that you don't get a dream job or position just because you have completed your MBA. You need to convince your company that you have it in you and you can handle the new role very well.
  • Make sure your work does not hamper - And while you are studying, make sure that you do your office assignments very well. If you perform well in your office despite of taking classes, you get a good referral from your boss and that will serve you to switch easily to your desired role. But if you are not a great performer, why would somebody take that risk by assigning you something which you have never done? Reputation plays a very big role in getting that desired position.
  • Have Patience - Last, but not the least - have tonnes of patience. Part time MBA may not help you achieve instant nirvana, and you might need to struggle to achieve the desired role/responsibility but this is true for full time MBA or any other course as well. You need to wait any keep trying, without losing it.

If you're evaluating part-time MBA degree programs, you may opt for:

Distance Learning Program or Campus-based part-time programs

Distance Learning

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:
  • Flexible, 24-hour access to learning materials and research
  • Savings by eliminating commuting, parking, and college housing costs
  • Increased opportunities for employer-assisted tuition
  • Focused time commitment on only courses that apply to business and management

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.

Specialized MBA

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:

S.No.

Institute

Website
1
Nirma Institute of Management, Ahmedabad
2
XIM Bhubaneshwar
3
FMS, Delhi
4
Fortune Institute of International Business
5
Birla Institute of Management Technology, Delhi
6
DMS, IIT Delhi
7
Indian Institute of Foreign Trade, Delhi
8
Fore School of Management, Delhi
9
Institute of Management Technology, Ghaziabad
10
Jamnalal Bajaj Institute of Management Studies, Mumbai
11
Narsee Monjee Institute of Management Studies, Mumbai
12
Prin L N Welingkar Institute of Management development & Research
13
International Management Institute, Delhi
14
Lal Bahadur Shashtri Institute of Management, Delhi
15
K J Somaiya Institute of Management Studies and Research


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.

Conclusion

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.


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