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:-

attractive Adding an MBA degree along with your current job is one of the most attractive features of perusing a part time MBA course
ConvenientPart time MBA offers the convenience of having a steady job income along with an added degree
economicalA 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
flexiblePart MBA courses offer a mix of weekend classes, evening weekday classes, and week-long classes with a break. This provides flexibility to the students
LucrativeMany 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.
MultifactedThere is a continuous on the job learning that the students get and provides an all round exposure to them.
NetworkingNetworking 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.
Steady IncomeEven 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-

loss

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.

Classroom Experiance

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

Invest

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. We bring to you the 4F’s of a part time MBA from a good reputed institution.

Financial

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

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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. We bring to you the 3D’s.

Duration

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

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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.

Colleges/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

Colleges/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/-

Colleges/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

Colleges/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