MORE / #Type of MBA

May 03, 2018

May 03, 2018 @ 02:45 PM

SSMC

Part-Time MBA

Why Part-Time MBA?

Management education in India is becoming more and more popular in recent years. Nowadays 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.

‘Yearn to Learn’ with Part Time MBA

Part Time MBA: Salient Features

In today’s fast paced world when technology and business rules change at the drop of hat, one thing that keeps a professional steady in his career is his yearn to learn.

The demand for skilled professionals is growing and everyone wants the best for their organisation and career. In such competitive times adding an MBA to one’s resume is the best way boost your way through the corporate ladder. But leaving a full time job may not be the ideal scenario ad a viable option for many. Thus comes a degree of Part Time MBA from a good reputed college in picture. While a full time MBA may be a preferred form for most students, a part time MBA is great way to enhance one’s business education without compromising your existing career.

Some salient features of a Part Time MBA Program are:-

Adding an MBA degree along with your current job is one of the most attractive features of perusing a part time MBA course
Part time MBA offers the convenience of having a steady job income along with an added degree
A large portion of professionals may not be able to pay the fee of a full time advanced MBA program. Thus part time MBA is cheaper & economical
Part MBA courses offer a mix of weekend classes, evening weekday classes, and week-long classes with a break. This provides flexibility to the students
Many organisations find it lucrative to retain their skilled professionals. The employee peruses the part time MBA course and promises to bring more to the table while still being in the job.
There is a continuous on the job learning that the students get and provides an all round exposure to them.
Networking is the essence of an MBA program and part time MBA offers great opportunities of networking both in your existing organisation and with the other professionals you meet through the course.
Even while studying and paying for the course, there is always a steady income that the student gets which provides a sense of security.

Part Time MBA: How to Decide

We at MBA Rendezvous help you analyse on how to decide what kind of MBA programme is beneficial for you. Here are three questions and areas that you must ponder over before deciding what is best for you-

This should be the first and foremost worry for any professional in a full time job is. For some people leaving a full time job may just not be possible as they may already be mid career professionals with family and work commitments. Thus it becomes extremely important to weigh your options and think through this question. If you conclude that you need the steady source of income and your existing savings may not be sufficient, part time MBA should be your choice.

This is the next question you need to think through. Business schools provide an overall class room experience with best of the professors and exposure to some great networking opportunities. If you think you need to be fully engrossed through this process, part time MBA may not be the best option However if you are confident that you can manage well with an existing job, Part Time MBA is your go to program

The third aspect should be in terms of the time and cost investment. With a part time MBA you get to keep your job, income and an existing network that you may have built or are a part of already. What you cannot invest much on is time, since you need to balance the work and studies. If you are in a job and are able to get a part time MBA program in a college which gives you enough time to work, study and network, Part time MBA should be your ultimate choice. Thinking through these aspects can easily help you decide on whether a part time MBA course is best for you or no.

Advantages of Part-Time MBA

Part Time MBA is quite FRUITFUL. MBA Rendezvous brings you the 4F’s of a part time MBA from a good reputed institution.

Financial – One of the major advantages that a part time MBA course offers is in terms of the finances. There are multiple factors that make it lucrative for mid-career professionals to choose this option. Let’s take a closer look:

  • For many aspirants, it may not be a very viable option to leave a full time, well paying job and get back to studying. This is where part time MBA comes into picture.
  • Adding an MBA may be helpful in increasing your chances of faring better in the professional set up in terms of better positions and salaries, if leaving that job may not be practical enough.
  • 3. Part time MBA course offers you the security of your job salary along with managing the expenses of the new course.
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Disadvantages of Part-Time MBA

Every coin has a flip side to it and that’s what is important for aspiring professionals to understand the few DOWNSIDES of choosing a Part Time MBA over any other option. MBA Rendezvous brings you the 3D’s.

Duration – One of the biggest disadvantages of a part time MBA course is the amount of time it takes to complete it. Let’s take a closer look:

  • A usual full time / executive MBA course takes only 1 to 2 years, however a part time course can easily take up to 3 to 5 years
  • A longer time frame for graduating as an MBA could mean that the prospects of the particular field may lessen with time
  • Students need to be sure that they would be able to manage the finances for such a long duration. There are overhead expenses in terms of travel that the students need to manage.
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Criteria for Selection of Institute

A to E while Selecting Part Time MBA Institute

While there are tens and hundreds of B-schools that offer part time MBA courses with lucrative arrangements, it is very important to make the choice mindfully. MBA Rendezvous brings you A-E of selecting a good institute for your dream Part Time MBA course:-

  • 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.
  • Area : 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.
  • 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.
  • 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.
  • Duration : Timings and duration 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.
  • 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.
  • 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.

Institutes Offering Part-Time MBA in Delhi NCR

Indian Institute of Management (Lucknow Noida Campus)

Post Graduate Diploma in Management (Part-Time)

Duration: 2 years

Eligibility: Candidate must have 3 years work experience

Selection Procedure: Candidates are selected based on experience, score/ percentile in GMAT/ CAT/ XAT/ GATE/ WMP entrance exam and performance in personal interview.

Lal Bahadur Shastri Institute of Management

Post Graduate Diploma in Management (Part-Time)

Duration: 3 years (nine trimesters)

Eligibility: A graduate in any discipline from a recognized Indian or foreign university preferably with a minimum of two years' work experience at an executive level in an industrial, commercial, service, or government organization is eligible to apply.

Selection Procedure: Admission shall be through Group Discussion (GD) and Interview, to be starting from the third week of March 2018 at LBSIM campus in Dwarka. However, the exact date/venue will be intimated by post and on website. The final selection will be based on performance in GD, interview, academic excellence and work experience. Selected candidates will be intimated by Registered Post/ Courier / Ordinary Post/E-mail/Website. No regret letters will be sent to those who do not make the grade. The institute does not take any responsibility for postal delays and / or loss in transit.

Fees Structure : INR 3.25L

Institute of Management Technology (Ghaziabad)

Post Graduate Diploma in Management (Part-Time)

Duration: 3 years

Eligibility

  • Candidate must be a graduate from recognized university.
  • Candidates with PG degree and one year of work experience or with professional qualification are also eligible for the course.
  • • Must have 2 years work experience

Selection Procedure: Candidates are selected based on academic marks and marks in essay writing and performance in personal interview.

Fees Structure : INR 6L

Indian Institute of Foreign Trades (IIFT) Delhi

MBA in International Business (Part-Time)

Duration: 3 years

Eligibility: Candidate must have completed a graduation from a recognized University/Institute, and must hold 3 years work experience.

Selection Procedure: Candidates are selected based on performance in Group Discussion, Writing Skills Assessment and Interview.

Management Development Institute, Gurgaon

Post Graduate Program in Management (Part-Time)

Duration: 3 years

Eligibility

  • Candidate must have completed a graduation with at least 50% marks from recognized University/Institute.
  • Must have 3 years work experience

Selection Procedure: Candidates are selected based on performance in the MDI written test (written test conducted by institute) and personal interview.

Fee Structure: INR 9.37L

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Institutes Offering Part-Time MBA in Pune

Symbiosis Institute of Management Studies (Khadki, Pune)

Programmes offered are:

  • Executive MBA (Specializations in Marketing, Finance, Operations, and Human Resource)
  • Post Graduate Diploma in Business Management (PGDBM)
  • Post Graduate Diploma in Financial Management (PGDFM)
  • Post Graduate Diploma in Human Resource Management (PGDHRM)
  • Post Graduate Diploma in Project Management (PGDPM)
  • Post Graduate Diploma in Business Analytics (PGDBA)
  • Post Graduate Diploma in Supply Chain Management (PGDSCM)

PGDM Session Schedule: Sundays – 8:30am – 6:00pm

Eligibility for Executive MBA: An executive/professional seeking admission for the programme must possess Bachelor’s Degree of any Statutory University or any other recognized Foreign University with 50% marks and Three Years of Work Experience after graduation

Eligibility for PGDM: Bachelor’s degree with minimum of 50% marks from any recognized University

Selection Procedure: For PGDMCandidates are selected based on experience, score/ percentile in GMAT/ CAT/ XAT/ GATE/ WMP entrance exam and performance in personal interview.

Fee Structure for MBA: INR 3,70,000/-

Fee Structure for PGDM: INR 65,000/-

Symbiosis Institute of Business Management, Lavale Village, Pune

Post Graduate Diploma in Management (Specialization offered are Marketing, Financial Management, Human Resource Management, Operations Management and Innovation and Corporate Entrepreneurship)

Duration: 12 months

Eligibility: A Bachelor’s Degree with a minimum of 50% marks from a recognized University/Institute.

Selection Procedure: Admission shall be through Group Discussion (GD) and Interview, to be starting from the third week of March 2018 at LBSIM campus in Dwarka. However, the exact date/venue will be intimated by post and on website. The final selection will be based on performance in GD, interview, academic excellence and work experience. Selected candidates will be intimated by Registered Post/ Courier / Ordinary Post/E-mail/Website. No regret letters will be sent to those who do not make the grade. The institute does not take any responsibility for postal delays and / or loss in transit.

Fees Structure : INR 85000/-

Symbiosis School of Banking and Finance, Lavale Village, Pune

Post Graduate Diploma in Banking and Finance (Part-Time)

Duration: 1 year

Eligibility

  • Candidate must have completed graduation with at least 50% marks from a recognized University/Institute
  • Must have 1-year work experience

Selection Procedure: Candidates are selected based on the marks obtained in graduation and performance in personal interview.

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Institutes Offering Part-Time MBA in Mumbai

K J Somaiya Institute of Management Studies and Research

Part-time programme offered are:

  • Masters in Marketing Management (MMM)
  • Masters in Financial Management (MFM)
  • Masters in Human Resource Development Management (MHRDM)
  • Masters in Information Management (MIM)

Duration : 3-years

Eligibility for programme: Bachelor’s degree of 3-year duration from any University recognized by AIU/AICTE. Minimum two years’ experience after graduation in supervisory/ executive position.

Admission Procedure: Short listing will be done on the basis of Somaiya Entrance Test (SET), followed by Personal Interview and Written Communication Test. Suitable weightage is given for relevance of work experience and past academic record.

Session Schedule: Classes are held in the evenings of Thursdays & Fridays (6.30 p.m. to 9.30 p.m.), Saturdays (3.00 p.m. to 6.00 p.m. & 6.30 p.m. to 9.30 p.m.) and Sundays (9.00 a.m. to 12.00 Noon. & 12.45p.m. to 3.45 p.m.)

Prin. L. N. Welingkar Institute of Management Development and Research, Matunga West, Mumbai

Programme offered are :

  • Masters in Marketing Management
  • Masters in Human Resource Development Management
  • Masters in Financial Management
  • Masters in Informative Management

Duration: 3 Years

Session Schedule: Convenient weekend Batches (Friday, Saturday and Sunday)

Eligibility: Bachelor’s Degree (10+2+3) from a recognized University and minimum 2 years of work experience after graduation completed on or before 30th June 2017 is mandatory

Selection Procedure : A comprehensive evaluation comprising of Written Test, Group Discussion and Personal Interview. All eligible candidates applying to the Institute will be called for the selection process.

Fees : -INR 2.6L

School of Business Management - NMIMS University, Mumbai, Vile Parle West

Master of Business Administration (part-Time) (Specialization Marketing, Finance, Information Systems, Operations Management and Human Resources Management)

Duration: 2 year

Eligibility

  • Bachelor’s Degree or equivalent qualification obtained by the candidate must entail a minimum of three years of education after completing higher secondary schooling (10+2) or equivalent.
  • Candidates must have minimum two years of work experience in the executive, supervisory or managerial capacity in a medium or large organization.

NMIMS Global Access School for Continuing Education, NMIMS University

Post Graduate Diploma in Financial Management (online)

Duration : 2 years

Eligibility

  • Candidates must have completed graduation from recognized University/institute.
  • Must have post-qualification work experience

Selection Procedure : Selection is based on performance in academic marks, marks obtained in NMAT by GMAC, work experience and performance in case discussion and personal interview.

Fees structure: INR 69000/-

MET Institute of Management, Bandra West, Mumbai

Programmes offered are

  • Masters in Marketing Management
  • Masters in Financial Management
  • Masters in Human Resource Development Management
  • Masters in Information Management

Duration: 3 year

Eligibility

  • Candidate must have completed graduation from recognized University/Institute.
  • Must have 2 years work exp.

Selection Procedure: Candidates are selected based on performance in work experience, academic record, personal interview and group discussion

Fees Structure: INR 1.89L

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Institutes Offering Part-Time MBA in Bangalore

M. S. Ramaiah University of Applied Sciences, Bangalore

Part-time programme offered are:

  • MBA in Human Resources Management
  • MBA in Financial Management
  • MBA in Operations Management
  • MBA in Marketing Management

Duration : 3-years

Session Schedule : Weekends ie. On Saturday from 2.00 PM to 6.00PM and Sunday 10.00 AM to 5.00 PM

Eligibility

  • Candidates must have completed graduation from recognized University/Institute.
  • Must be working professional

Selection Procedure : Admission is based on work experience and performance in academic

Fees structure: INR 4L

Indian Institute of Management, Bangalore, Bannerghatta Road

Post Graduate Programme in Enterprise Management

Duration: 2 Years

Session Schedule: Saturdays and two clustered weekends (Friday, Saturday and Sunday)

Eligibility:

  • Candidates must have completed graduation with at least 50 % marks from recognized University/institute.
  • Must have 4 years work experience

Selection Procedure : Candidates are selected based on CAT/ GMAT/ GRE/ IIMB Test score and performance in written ability test and personal interview

Fees : INR 14L

Symbiosis Institute of Business Management, Bengaluru, Hosur Road

Programme offered are :

  • Executive MBA
  • PGDM in Financial Management
  • PGDM in Human Resource Management
  • PGDM in Operations Management
  • PGDM in Marketing Management

Duration for executive MBA – 30 months

Duration for PGDM – 1 year

Eligibility for Executive MBA

  • Candidates must have completed graduation with at least 50% marks from recognized University/Institute.
  • Must have 3 years work experience

Eligibility for PGDM :Candidates must have completed graduation degree with at least 50% marks from recognized University/Institute

Selection Procedure :Candidates are selected based on performance in Entrance exam and personal interview conducted by institute.

Fee :for Executive MBA – INR 4.4L

Fee :for PGDM – INR 1.2L

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Institutes Offering Part-Time MBA in Hyderabad

St. Francis College for Women, Begumpet, Hyderabad

Duration : 4 months

Post Graduate Diploma in Human Resource Management

Eligibility : Candidates must have completed graduation from recognized University/institute

Selection : Candidates can apply directly to institute for the admission

Institute of Public Enterprise, Shamirpet, Hyderabad

MBA in Public Enterprise

Duration : 3 years

Eligibility : Candidates must have completed graduation from recognized University/institute.

Selection Procedure :Selection procedure is based on score in Telangana State Integrated Common Entrance Test (TSICET)

Fee Structure INR 68000/-

ICFAI Business School, Hyderabad, Donthanapally

Executive MBA (part-time)

Duration : 21 months

Session schedule : Sundays and Second Saturdays between 9.00 am and 6.00 pm.

Eligibility : Candidate must hold 3 years work exp at supervisory/managerial level

Institutes Offering Part-Time MBA in GOA

Goa Institute of Management (GIM)

Post Graduate Diploma of Management (Part-time)

Duration : 3 years

Session Schedule: Saturdays between 4:30 p.m. to 8:00 p.m. and on Sundays between 9:00 a.m. to 6.30 p.m.

Eligibility : Executives/supervisors with the zeal to advance quickly in their careers who have a bachelor’s degree or equivalent with at least 50% marks and at least 2 years of work experience.

Selection Procedure : XAT/CAT/CMAT/GMAT and personal interview

Fees : INR 403700/-

Institutes Offering Part-Time MBA in Chennai

Loyola Institute of Business Administration, Nungambakkam, Chennai

Post Graduate Diploma in Management (Part-Time)

Duration : 3 years

Eligibility :

  • Candidates must have completed graduation with at least 50% marks from recognized University/institute.
  • Must have work experience

Selection Procedure : Selection is based on MAT/Loyola Institute of Business Administration Entrance Test score and performance in Personal Interview.

3 Great Lakes Institute of Management, Chennai, Kanchipuram

Post Graduate Program in Management – Flex (Part-Time)

Duration : 2 years

Eligibility :Candidates must have completed graduation with at least 50% marks throughout their academic (10th, 10+2 and graduation) from recognized University/institute.

Selection Procedure :Selection is based on Great Lakes Aptitude test (GREAT)/CAT/XAT/GMAT/MAT/CMAT score/percentile, academic performance and quality of work experience, and performance in personal interview.

Fee Structure INR 7.3L

Sri Chandrasekharendra Saraswathi Viswa Mahavidyalaya, Chennai

Master of Business Administration

Duration : 3 years

Eligibility : Candidates must have completed graduation from recognized University/institute.

Selection Procedure : Selection is based on marks obtained in graduation and work experience

Institutes Offering Part-Time MBA in Bhubaneswar

International Management Institute, Bhubaneswar

Post Graduate Diploma in Management (Part-Time)

Duration : 3 years

Eligibility :

  • Candidates must have completed graduation with at least 50% marks from recognized University/institute.
  • Must have 2 years work experience

Selection Procedure: Selection is based on CAT/ GMAT/ IMI Written Test percentile or score, educational background, marks in 10th, 10+2, graduation, work experience and performance in personal interview.

Some other institutes offering Part-time MBA are - Goa Institute of Management (GIM), Goa; Institute for Financial Management & Research (IFMR).

Beneficial in the Longer Run

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 workplace and can see the practical application in a short time. The 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 MBA Rendezvous – India’s only content lead MBA

Crucial Dates, You Should not Miss

IMI New Delhi
Admissions open for PGDM / PGDM(HRM) / PGDM(B&FS) at IMI New Delhi. Last date to apply is Dec 3rd, 2018.
Birla Institute of Management Technology (BIMTECH)
BIMTECH Admissions Open for 2019.
XIMB, XUB
XIMB, XUB Admissions Open for 2019 at Xavier Institute of Management. Last date to apply December 7th, 2018.
MDI Gurgaon
Admissions Open for PGPM | PGPM-HRM | PGP-IM 2019 at MDI Gurgaon. Last date to apply November 23th, 2018
MICA
Admissions open for PGDM-C 2019-2021.
Goa Institute of Management
Admissions open for 2019-2021 at GIM. Last date to apply is November 30th, 2018
SDMIMD
Admissions open for PGDM 2019-2021 at SDMIMD.
IMT Ghaziabad
Admissions open for 2 Year PGDM and MBA programs at IMT Ghaziabad- Application Deadline is November 22nd, 2018
ICFAI Business School
ICFAI Business School Accepting Applications for IBSAT 2018
Lal Bahadur Shastri Institute of Management (LBSIM)
Admissions open for 2019 at LBSIM, New Delhi. Last date for applying Dec 15th, 2018
TAPMI
Experience@TAPMI Admissions Open for 2019
MDI Murshidabad
Admissions Open for PGP 2019-21 at MDI Murshidabad
SIBM, Bengaluru
Admissions Open for MBA 2019-21 at SIBM, Bengaluru
XLRI
XAT 2019 Registration, Application Ends on November 30th, 2018. Exam Date January 6th, 2019