As more and more workplaces are deciding to subsidize their
employees through the MBA process, the part-time alternative
is becoming very commonplace. Even for those not sponsored by
their company, the part-time option is a viable one, since the
student has a continuous income flow to help finance the degree.
One of many advantages of a part-time program is certainly the
on-the-job application of classroom skills.
There are many factors to consider when deciding which schools
and part-time program to attend. Convenience to your work
and home are primary considerations in order to minimize on
your commuting time. The part-times needs to be extremely
organized and patient, as well as being a meticulous planner.
Remember also that just because your employer is reimbursing
your tuition, you must be prepared to prepay all expenses.
By the time your reimbursement check comes in, it may be time
to pay for your next trimester of school. Another frequently
overlooked expense is the cost of books. Refer to your company's
human resources specialist for the complete procedure on tuition
reimbursement and speak to other employees who have completed
similar programs. Learn from others, this will turn out to
be your most valuable resource.
Those of you contemplating a part-time program (including
the online, EMBA, or flextime alternatives) are to be applauded.
It is a daunting task that, once completed, will speak very
highly of your time management skills, your discipline, and
your motivation, as well as your maturity.
Part-Time MBA - Pros:
- As a part-time MBA student you will continue to earn your
full salary.
- Oftentimes, the student is sponsored by his or her employer.
If this applies to you, your investment in time and money
is felt to a lesser degree.
- You will be exposed to other seasoned professionals who
will share work experiences and outlooks in their particular
field of expertise.
- You will have the ability to apply what you learn as you
learn it.
- Going to school part-time will permit you to simultaneously
move ahead in your current employment as you advance your
studies.
- If you, as a part-time graduate, decide to change jobs
or occupations, potential employers like to see experienced
hires who have demonstrated the ability to multitask.
- Potential employers may place less weight on the prestige
of the school you attend (for example, choosing to go to
a local school for convenience's sake rather than a more
reputed school in a neighboring town).
- Since most part-time graduates remain with their current
employers - in new jobs or with additional responsibilities
- they reap the benefits of a new position without the stress
and costs related to researching a new employer.
- No relocation is necessary.
- Many schools do not differentiate between the part-time
and full-time programs. The professors are the same, and
the schools fully endow both programs and empower both student
bodies.
Part-Time MBA - Cons:
- Going to school part time requires a high demand on your
personal and professional lives. It's hard to do everything
well - something is bound to suffer.
- There is no guarantee you will get a promotion after graduation.
- It is difficult to maintain the intensity and enthusiasm
about school over a longer period of time.
- Not all employers finance the degree. Additionally, some
company policies will cover only certain schools or programs.
- You may have difficulty breaking into a new field, since
on-campus recruiters are more likely to cater to full-time
students.
- It lacks internationalism - part time programs do not
generally include a study abroad. (Also, admissions statistics
show that fewer international students are enrolled in part-time
programs than in full-time programs.)
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