Full-Time vs. Part-Time MBA Programs

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One of the first choices prospective MBA students face is whether to enroll in a full-time or a part-time program. Students earn the same degree irrespective of their schedule and will have the same long-term financial benefits. MBA graduates—regardless of their program duration—can double their salaries within three years of completing their degrees. While many of the results are the same, the choice between a full-time and part-time program plays a significant factor during the program and will shape one’s MBA experience.

A full-time MBA program is an intensive and structured curriculum that typically takes two years to complete. Many full-time programs have rigid roadmaps to graduation. While students can learn a lot during the immersive experience, the program leaves little time for familial and personal responsibilities—and a full-time job is out of the question.

The reward for such a commitment, however, is a rapid education in business and management, with all the collaborative experience and professional networks that go with it. Almost all full-time MBA programs offer career assistance and boast high placement rates for students upon graduation.

On the other hand, a part-time MBA program is structured around the student’s schedule and responsibilities. This type of program is designed for professionals who want to keep working in the field while studying, those with families and lives that can’t be put on hold during the two years that a full-time MBA commitment requires. Instead, students can typically build the program’s schedule and pace according to their preferences, taking one or two classes at a time over several years—usually with a limit of six years.

Part-time programs cost less up front because they are stretched out over a more extended period. There are fewer scholarships available for part-time students, but employers are more likely to help subsidize a student’s tuition. What’s more, part-time programs can be easier to get into than their full-time counterparts, even at some of the most prestigious schools in the world.

Applications for full-time MBA programs have dropped every year since 2014, according to the 2017 Application Trends Survey Report, and employers are increasingly looking to part-time MBA graduates. But trends change, and not everyone fits into the majority choice.

Read on to find the critical differences between full-time and part-time MBA programs.