Full Time vs. Part Time vs. Executive MBA

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MBA is among the most popular degrees today with its importance growing with every passing year. This is because MBA inculcates a number of business administration skills that you would otherwise be unaware of. Whether you want to start your own business or whether you want to work at a reputed firm, MBA is vital for this reason. However, there is quite some confusion here because there are different types of MBA programs. The most common program is the full time program but besides that we have part time programs, executive programs, distance learning programs, online programs, and so on. Each one comes with its own pros and cons, and understanding them will help you make the right choice.

Let’s discuss about the three most commonly chosen MBA programs: Full Time, Part Time, and Executive MBA (EMBA).

Full Time MBA Programs

A full time MBA program runs for 2 years, divided into 4 semesters. During this time period you may have a break of 3 or 4 months for summer internship. In the first year or the first 2 semesters you will learn about all the important courses (core courses) required. These courses will be same for all full time MBA programs. In the second year or the final 2 semesters you will learn of your field of interest or specialization. For example, if you chose MBA in finance, you will learn specifically about finance. If you chose MBA in entrepreneurship, that will be your focus.

Keep in mind that if you choose a full time MBA program you will have to give up on your full time job. May be you’ll be able to squeeze in a part time job but your priority should be your course.

The Advantages of Full Time MBA Programs

  1. You have the golden opportunity of networking and extending your reach. You can connect with a number of different people in business, making it very advantageous for you once you finish your MBA.
  2. Scholarships and financial aid are preferably given to students looking to get into full time MBA programs.
  3. Recruiters mostly favor full time MBA students. They hire them on-campus and the salaries are also considerably greater.
  4. During the summer internship you can practically apply everything that you learnt in the previous semesters. Thus, theoretical and practical learning go hand in hand.
  5. You will get to attend numerous conferences, meets, and competitions through your two years at school and this will help you gain experience, exposure, knowledge, and awareness.
  6. Full time MBA is not restricted to academics or the textbook. You get to learn so much more by networking with peers, professors, alumni, mentors, etc. and this will help you the most going forward.

The Disadvantages of Full Time MBA Programs

  1. You will have to give up on your full time job, which means you won’t be able to earn for 2 years. Moreover, full time MBA programs are expensive especially when compared to part time MBA programs.
  2. Your focus should completely be on your studies.

Top 10 Business Schools Offering Full Time MBA Programs

S.No.

Business School

Country

1.

Harvard Business School

USA

2.

Stanford Graduate School of Business

USA

3.

London Business School

UK

4.

University of Pennsylvania: Wharton

USA

5.

Columbia Business School

USA

6.

INSEAD

France

7.

IESE Business School

Spain

8.

MIT: Sloan

USA

9.

University of Chicago: Booth

USA

10.

Yale School of Management

USA

 

Part Time MBA Programs

Part time MBA programs are not as popular as full time MBA programs but there are many who choose these for various reasons. The most common reason is convenience. You can continue working while pursuing MBA. The duration of the course will depend on the business school and your preferences. Some…

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