Full Time MBA vs Part Time MBA – Advantages and Disadvantages

It is undeniable that an MBA program will boost your career and present you with more opportunities for professional success. However, it is important to assess your life and explore the two major kinds of MBA programs available, in order to determine which one is better suited to your lifestyle. A closer look at full time and part time MBA programs should give you a better idea of which one you should pursue.

Full Time MBA

A full time MBA is pursued by individuals who have recently graduated from college and have not committed to a full time job as yet. You invest all your time into this program and stay out of employment for the most part. Depending on your program, it can be completed fairly quickly, between one and two years. Students usually obtain scholarships, assistantships or take out student loans in order to fund their MBA program, in hopes of obtaining high paying jobs right after graduation. You may also take up an internship halfway through the program, in order to gain some practical work experience and to make useful contacts in the field that may be helpful for future employment prospects.

Advantages

  • Program completed quicker.
  • Wider variety of courses and electives to choose from.
  • Allows time for internship.
  • Offers career services that help procure suitable employment upon graduation.

Disadvantages

  • Being out of work for the duration of the program.
  • Higher chance of accumulating debt.
  • Risk of not finding the best suited job after specializing in a particular field.

Part Time MBA

A part time MBA is for individuals who have already entered the workforce and do not want to forego their current income to advance their careers. Typically, working professionals with full time jobs enroll in these programs and attend MBA classes in the evenings, after business hours. In some cases, the employer even pays for the part time MBA program for their top employees.

The courses are similar to full time MBA programs but are spread out over a longer period, making it easier for those with other personal and professional obligations. There is no break in between for internships as they are already working and gaining the practical knowledge. It is mostly pursued by those willing to study after work hours so that they can raise their salaries at their current workplace or find a higher paying employment. Part time MBA is becoming popular these days due to the state of the economy, where individuals are forced to keep their current jobs while pursuing higher studies.

Advantages

  • Keep a full time job and continue earning income.
  • Evening classes suited for working individuals.
  • Employers may fund the program.
  • Slower pace, thus easier to cope with.
  • Can apply course material to the real world workplace simultaneously.

Disadvantages

  • Usually not given career services by the university to advance your career.
  • Bound to an employer if they fund your education.
  • Hard to juggle work and school together.
  • Takes a longer time to complete the program.

While both programs have their pros and cons, finding the right program mostly depends on your current professional situation and your personal future goals. In the end, both programs are designed to earn you an MBA degree which is intended to advance your career in the field of business studies.

One Response to “Full Time MBA vs Part Time MBA – Advantages and Disadvantages”

  1. […] Deciding on getting your MBA degree is the first step. It is then time to determine the type of setting that is more appropriate for your lifestyle to pursue this program. An online MBA is an attractive option to many these days and it is useful to understand and establish whether this educational setting is suitable for you. It may allow you to complete your MBA part time but you first weight out the pros and cons of a full time MBA vs a part time program. […]

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