Part time MBA degrees are in demand among working professionals for reasons of flexibility, convenience, and cost-effectiveness.
Part-time MBA - That MBA degree is all the rage these days, thanks to a synergy of several key factors. The MBA dream sellers are working overtime to establish the postgraduate degree as the missing piece in the jigsaw puzzle of success. Through a thoughtful narrative, they are projecting the degree as a convenient route to great career options, elite lifestyle, and job contentment. Availability of the degree in a variety of formats – full-time, part-time, modular, executive, online, and so forth – also adds to its popularity.
Recently, the part-time MBA programme deluge has grown significantly. Almost every other individual with a motivation for a degree but the dearth of time and resources is considering jumping into the part-time MBA bandwagon. Currently, all top rated business schools, including the famed IIMs, are reaching out to such aspirants with part-time MBA programmes designed to suit their needs and budget. Flexibility and convenience are other standard elements across all such programmes. If this is arousing your curiosity, then go on reading. Here, we are exploring how the coveted degree can work for your career goals.
Also Check: Part Time MBA – What, Why & How?
A Brief Insight: Part Time MBA:
As the name suggests, part-time programmes are accomplishable without taking a sabbatical year or quitting the job. Contrary to the full-time format where regular daytime classes are the norm, part-time learning takes place via weekend or evening classes. Generally, these programmes take three years for completion. However, you are at liberty to stretch the duration to five or more years as per your convenience. Lately, many B-schools are coming up with accelerated part-time MBA programmes for individuals who cannot wait that long to be a degree holder.
Flexibility Part Time MBA Offer:
The flexibility that the said programmes deliver makes it ideal for working professionals. No longer do they need to quit earning to pursue learning. Additionally, business leaders are trending to this format, as they perceive it an ideal way to add to their professional knowledge and take their enterprises to another level.
Part Time MBA Disciplines:
Part-time MBA programmes do not disappoint you on choices. You can opt for a part-time MBA degree in various specialisations, including operations, finance, IT, retail, general management, accounting, aviation, sales, marketing, and human resources, in addition to the hospital, health care, telecom, and hospitality management. Moreover, it isn’t hard to find B-schools offering specialisations in international business, import and export, biotechnology, infrastructure, and development.
Part Time MBA Eligibility Criteria:
Give or take the age restrictions, the part-time MBA programmes resemble the mainstream ones in terms of selection criteria. All you need is a graduate degree from a UGC affiliated institute with a minimum of 45 to 50 percent marks in aggregate. Prior to enrollment, you may be required to furnish a personal statement, recommendation letter and resume.
Part Time MBA and Career Scope:
Part-time MBA programmes aim at enhancing your skill sets and keeping you poised for growth. In the post degree scenario, your communication skills are bound to take a leap provided you are willing to work on them. In addition to this, you get a completely new perspective regarding business and its intricate processes. Your keenness to apply the newfound skills can keep you in good stead among employers, colleagues, and subordinates. Apparently, the odds are high that you can realise your dream of lateral growth.
The part-time MBA degree can be of help for those who are looking for a career shift or start their own venture. Thanks to the format and available online resources, building a peer network is a breeze. This peer network can pave the way for convenient and prompt career shift, besides providing rewarding business opportunities. As well, the format teaches you a thing or two about multitasking. You learn to juggle between work and learning, which is an essential trait for advancing your career or business prospects. Moreover, the MBA programmes aim at equipping you with leadership skills that can keep you gainful in tangible ways.
Part-Time MBA Job Prospects:
Conventionally, recruiters have a special liking for full-time degree holders for obvious reasons. Thanks to the introduction of technology into learning processes, the scenario is steadily changing. Part time degree holders are presently representing top businesses across industries, including banking and finance, data analytics, investment banking, management consulting, and investment system management. Mentioned below are top job opportunities where you can realise the real worth of your MBA degree.
As an IT manager, your main task will be to cater to the employer’s IT needs. You need to ensure the security of systems while keeping them upgraded. Since it is a technical job, a considerable IT experience and skills are a prerequisite. You can apply the knowledge acquired during the degree to coordinate the team, deal with executives, and keep everyone motivated. The remunerations you receive will justify your efforts and pain.
The coveted post is tailor made for MBA professionals. Your graduate education will help you dispensing all essential duties of a financial manager, be it monitoring the company’s financial health, remain at the top of industry trends, or create financial reports.
As a financial advisor, you can align your graduate education with your core competencies to keep everyone upbeat. Whether it is assisting clients with their tax and insurance, investment, or retirement issues, the degree will come in handy with it all.
Another designation for which an MBA degree holder is an ideal choice is HR manager. You can draw upon the skills gained from the degree to handle all operations typical to the designation, such as recruitments and strategic planning, efficiently.
The Flip Side:
The format has its share of drawbacks. You do not get as much exposure as any decent conventional programme will deliver. In addition, doing the balancing act between work and study may drain you physically and mentally. Though the acceptance is growing, you might still have to be at the receiving end of the recruiter’s apathy.