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These programs are specifically designed for those students who are working in their profession. The main objective, of most students, behind selecting part-time MBA programs is to enable themselves to work on full-time basis. In full-year, either one or two year program, students are not allowed to work on full-time basis. Most of the part-time MBA program classes run in the evening. It provides a chance to the students to work full time during the day. Most of the universities provide either full time or part time program but some universities offers MBA programs in both modes; full time and part time.

When applying for a part-time MBA program, you must take in account the following considerations.

• Part-time programs don’t allow scholarship. Scholarships are only available for full-time students.
• Courses are scheduled in a way that doesn’t allow internships.
• Some part-time programs allow you to customize your program through concentrations and electives, but most of the part-time programs offer a very limited number of concentrations.
• Some of the part-time programs offer less number of courses as compared to full-time programs; hence providing less opportunity to specialize.
•  Part-time programs require a long time to complete the degree. Some part-time programs offer the same numbers of modules as full-time programs do but they are spread out over a long time as compared to full-time programs. It may require 4 or 5 years to complete a part-time MBA program.

Advantages of Part-Time MBA Program

Part time MBA programs offer many advantages; especially to the career enhancers. One of the obvious reasons why students choose this program is because a part-time program enables them to work on full-time basis whilst studying. But apart from this benefit, there are other advantages too like:

Job Benefits: 

• Most of the students who are enrolled in a part-time program work outside. The schedule of their classes is set in a way that will suit them with their working hours. Usually the classes are conducted in the evening; outside the business hours. So students can easily manage the timing of their work and studies.
• Student usually learns more skills whilst continuing their employment and studies.
• Student can discuss real-world problems, related to their job, in the classroom and can find valuable solutions for them which can be implemented in their working field.

Financial Benefits:

• Loan is available for eligible students only. It is to be confirmed from their respective schools.
• If your employer offers you a tuition reimbursement, then part-time program is a good option to choose.
• Most of the student finds it easy to pay for the part-time program as its fee is spread over a long duration of time. It allows them to earn sufficient amount of money beforehand.

Location Benefits:

If you are unable to relocate due to any circumstances, then some of the part-time programs offer some flexibility in terms of the geographical location. This can include distance learning or a two-hour single class etc.

Disadvantages / Limitations of Part-Time MBA Program:

Although part-time programs provide many advantages to the working professionals but before applying for a part-time MBA program, one should consider the following limitations.

• Scholarship fund is not available for part time students as their academic calendar is spread out so that they can bear the expenses with the help of their full time jobs. Scholarships are only available for students enrolled on a full-time program.
• Many placement programs and other career services are available in the evening; which can’t be attended by part-time students since they have to attend their lectures in the evening. So part time students receive usually can’t avail the opportunity provided by career services.
• If often happens that you have to relocate or travel according to the requirements of your job. It makes it difficult for the student to complete their part-time MBA degree. However, there are some universities and colleges that provide a new way of learning; distance learning. With the help of distance learning, students need not to attend the classes physically, he can attend the lectures virtually; by means of videos / CDs etc. But it needs to be confirmed from their respective schools whether they are offering distance learning programs or not.
• Some students often assume that they can transfer their credits from part-time program to full-time MBA program whilst studying; it is a misconception since most of the programs don’t allow this kind of credit transfer. It needs to be confirmed from the school that represents the program students are considering to choose.