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Full Time MBA vs Part-Time MBA course. Which type of MBA is Better?

Full Time MBA vs Part-Time MBA course. Which type of MBA is Better?

The various aspects of full time MBA vs part-time MBA course will be explored in this article. We plan to provide a comparative overview of all type of MBA so that you can determine which MBA is best suited for your career growth.

Professionals who work in multiple profiles expect a leap in their careers after a certain period, and the best way to improve your career development is through an MBA. For people who have work experience in between 2-3 years, it will be great to have a full-time MBA, but more than 5 years’ experience holder should seek admission in the part-time MBA course. 

A part-time MBA course would suggest that without having any break in your career graph, you can keep earning your income, but you will have to lose out on the networking part. Whereas a full-time MBA means a total commitment to your MBA education, where equal parts of education and networking would be available.

You will not be able to raise a lot of money if you go for a full-time MBA, and if you go for a part-time MBA, you will not have a social life between your work and education.

I am sure these questions in your otherwise calm and composed mind would have provoked a flood of thoughts and queries. The concerns and suspicions that hang around you are like:

• How much pressure can you absorb from work?

• How are you going to juggle your family and financial situation?

• What do you plan on accomplishing with your MBA education? And perhaps several more.

To answer the string of questions, let us take a closer look at each of these programs!!

Full-time/Regular MBA programs are programs that need your full attention, time, and presence. Most of the programs can be classified as a Part-time MBA, but as Executive MBA, Online MBA classes, Distance MBA, and Part-time MBA course they have different titles to their credit.

Top ten variables to help you choose between Full-time MBA vs Part-time MBA course

Factors

Full-Time MBA

Part-Time MBA

Admission

There is a longer and more wholesome p
rocess for a full-time MBA program. There is
an in-depth review of the success of the
students in the entrance test, group discussion, and interview assessment process, as there is more competition for the full-time MBA
program.

The admission process is on the same Full-
time MBA lines, but the interview is not
compulsory for part-time MBA admission. The selection process differs with various institutes, as some can include interviews in their a
ssessment process

Competition

As it opens the door to the top rungs of the
 career ladder and gets heavy pay packages,
there is a more rigid rivalry for admissions to
top-ranked b-schools. In entrance exams such as CAT/XAT/CMAT/GMAT, you need to score
very good percentile scores to grab a seat in
A+ ranked b-schools such as FMS, IIMS, etc.

You are not required to score great scores in
 entrance examinations to get into the
Part-time MBA program. You can get yourself enrolled in this program with a median score. But unless and until you are a working
professional, make sure you are enrolled in
some A-grade college as a part-time MBA is
not seen in the same light as a full-time MBA.

Recruitment & Employment

Nearly all b-schools provide campus recruiting and do their utmost to encourage large
corporations to come and hire students on
campus. To make them employable, a lot of
time and money is spent on students.

With the b-schools providing this program,
 recruiting and jobs do not have that much
value as this program is normally taken up by working professionals who are already
employed with some organization.

Flexibility

You need to give this program a full two
 years of your life as you need to devote all
your resources to the full-time MBA to finally
get the hang of business strategies and
corporate policies.

The buzzword associated with a part-time
MBA is flexibility. You can do weekend
classes, week-long classes, with a break,
 weekday classes because both programs
almost follow the same curriculum. The
 advantage of doing a part-time MBA is that
students can work and study simultaneously
as the classes for these programs take place
on weekends such as Saturdays and Sundays after office hours. Not only this, but students
are also able to fix their examination dates.
With a Part-time MBA, so much liberty
students enjoy.

Career

For those who want to change their career
 fields and want to fast track their growth
professionally, it is an ideal option. A full-time MBA is an ideal option for newcomers and
candidates with less than 2 years of
experience.

Professionals with more than 3 years of
 experience can go for a part-time MBA
because it takes less time and does not
 interrupt their job. Without disrupting your
current job, new skills can be developed, and
your current knowledge base can be
improved.

Learning

This program’s students spend most of their
 time together in classrooms and campuses
where their greatest source of learning lies.
This program teaches students how to
address business challenges in the dynamic
corporate world of different countries. At all
 levels of a full-time MBA, peer-to-peer
learning occurs with the greatest diversity in
the class.

Peer-to-peer learning takes place at the
 functional level and class diversity is not
guaranteed because fewer applications are
received by Part-time MBA

Internship

The internship is an integral part of the full-
time MBA as it allows students to learn from
their errors in their internships and gain
valuable experience from these internships.

Most of the part-time MBA programs offered by b-schools do not offer internships.

Top 10 Institutes Offering Full-Time MBA and Part-Time MBA course

Below is a list of b-schools in India that offers Full Time MBA:

Below is a list of b-schools in India that offers Part-Time MBA:

S.No. Name of the Institute Website
1 FMS, Delhi http://fms.edu/
2 Fortune Institute of International Business https://www.fiib.edu.in/
3 Birla Institute of Management Technology, Delhi https://www.bimtech.ac.in/
4 Indian Institute of Foreign Trade, Delhi http://tedu.iift.ac.in/iift/
5 Fore School of Management, Delhi https://www.fsm.ac.in/
6 Institute of Management Technology, Ghaziabad https://www.imt.edu/
7 Jamnalal Bajaj Institute of Management Studies, Mumbai https://jbims.edu/
8 Narsee Monjee Institute of Management Studies, Mumbai https://www.nmims.edu/
9 International Management Institute, Delhi https://www.imi.edu/
10 Lal Bahadur Shastri Institute of Management, Delhi https://www.lbsim.ac.in/

Conclusion

Choosing between full-time MBA vs part-time MBA course is at your discretion and the decision is based on your requirements and circumstances.

You should go for a part-time MBA college to excel in your current organization if you are a working professional and have more than 5 – 6 years of experience. On the other hand, if you are looking to change your career and have less than 3 – 4 years of experience, then it is ideal for you to have a full-time MBA.

If you take a Full-Time MBA, is fruitful in the long run. Another factor that makes Full Time MBA useful is that it gives you an environment to go through the depth of courses taught in management classes and make you learn through the peers which will be missed in the Part-time MBA course. To be effective practically first you need to be expert at the preparation behind it which could be possible while doing it Full Time.

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