Is Part-Time MBA a Good Idea? Benefits & Scope of Part Time MBA

Posted by Vidya Patel on February 25th, 2021

There are plenty of myths regarding part-time degree courses. This is a blog specially designed to break some of your myths surrounding part-time MBA degree courses. Most people consider a full-time MBA as the only preferred and recognized course to pursue administration studies. But, this is not the case, there is a large number of students who are unable to continue their regular education because of the dearth of time and money.

So, the first myth I am going to break is that a part-time MBA is not equally helpful in mastering business administration. This is such a false assumption because a part-time MBA has its benefits and helps you develop both practical and theoretical knowledge. Before indulging in the varied benefits of a part-time MBA, let’s define this degree course first. 

What is a Part-Time MBA?

Part-time MBA/PGDM is a specially designed course for those who are not available for regular or formal education. Part-time MBA offers classes on weekends and provides online study material or lectures so that any job-goer, entrepreneur, or any other professional can do it very easily.

People who are willing to increase their salary pay or want a promotion in their job can go for this to gain some extra knowledge. In India, many famous MBA colleges are offering part-time MBAs to graduates. Colleges or Universities like NMIMS, Symbiosis, IMT, and others are offering it to many students and providing facilities for online lectures & study material, and weekend classes.

Benefits of Part-Time MBA

Part-time MBA has its advantages and ways to teach management to students. Here is a list of all benefits that you can get while doing a part-time MBA course.

• The flexibility of timing: Students get the advantage of timing here and can study as per their time. Hence, this is the reason that people can continue their studies along with their job, business, and other responsibilities. The course will help you gain both practical and theoretical knowledge because here you get ample time to use your knowledge of Business Law, Corporate Finance, Corporate Strategy & Policy, in your real life.

• Affordable tuition fees: The reason most people are unable to continue their higher studies is the lack of money and resources, and they have other responsibilities too to fulfill. Hence, distance learning or a Part-time MBA is a course, especially for individuals who cannot go for regular education after their bachelor’s. Also, a part-time MBA helps in your career growth and most companies offer promotions or higher pay if you complete your master's. Apart from this, many employers offer scholarships for their employees’ part-time MBA or companies pay for their employees’ further education.

• Career Growth: Completing your master’s degree along with your employment or business is one of the most efficient things to do. Part-time courses offer you a big advantage of using your time effectively, you can gain experience of the job and complete your master’s at the same time. That’s how you can easily get a promotion or a high-profile job in your career. Part-time MBA is an add-on to your career.

• Learning is the same as in a full-time MBA: It’s a myth that a part-time MBA will not offer you the same learning as a full-time MBA. The curriculum of a part-time MBA is almost the same as a full-time MBA with the only difference being regular classes. If you can study the entire curriculum on your own with the help of a few classes then you are equally qualified as a full-time MBA person.

Scope of Part-Time MBA

Part-time MBA has its perks and it’s a fact that most working professionals prefer to do a part-time MBA to get a promotion from the position they are already working. Most MBA colleges are offering part-time MBA to their students, however, placements from colleges for part-time students are difficult but they can switch easily from their existing company to the better one after receiving this degree.

One of the most famous part-time MBA courses is MBA entrepreneurship which can help in gaining jobs like Business operations, Finance management, Accounting & Auditing, and others. You can get jobs in sectors like Finance, Management, Human resources, business operations, and so & so forth.

MBA is a two-year course for a Bachelor’s degree and it can be proved a good option for those who do not have 2 years to give to their formal education. Although it doesn’t offer the same perks as a full-time MBA course, it has its benefits and helps working professionals immensely in their career growth.