Part time MBA vs Full Time MBA Programs 2024: Check Major Differences
Shivani Kumari3 Jun, 2024
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Part Time MBA vs Full Time MBA Programs: MBA is among the most sought after PG courses worldwide. Acquiring an MBA degree opens doors to excellent job opportunities. There are multiple specialisations offered by the top MBA colleges, allowing candidates to enhance their managerial skills in specific industries.
Besides offering various MBA specialisations, B-schools also provide different types of programs to aspirants. While some are regular full time programs, others are part time MBA programs. Although both these programs have similar course content, many candidates often face confusion between the two.Also Read: GMAT Syllabus 2024
This article aims to explain the major differences between part time MBA vs full time MBA programs. Candidates can also explore the notable pros and cons of the full time and part time MBA courses.What is Part-Time MBA?
Part-time MBA programs allow candidates to complete their MBA degree without taking a career break. Most part time MBA programs are specifically designed for individuals with significant experience in leadership or executive roles. The average age of students in the EMBA program is 35 years, with around 11 years of work experience. Part-time MBA courses are often perceived as less intensive than full-time programs and may take longer to complete. The main challenge for part-time students is balancing academics and work. In a part-time MBA, candidates get the following specialisations:- Accounting Management
- Finance Management
- HR Management
- Sales and Marketing Management
- International Business Management
- General Management
- Marketing Management
What is Full-Time MBA?
A full-time MBA program requires candidates to attend classes regularly by reaching the college premises. These programs are particularly popular among young graduates. However, some colleges may require or prioritise candidates with professional experience. The full-time MBA constitutes an intensive course, and the class schedule is more demanding than that of part-time programs. After the completion of the full time MBA programs candidates are offered employment opportunities through the college campus process. An MBA degree provides a comprehensive understanding of fundamental management principles, which improves candidates' understanding of business areas such as finance, accounting, and marketing. Additionally, it develops essential leadership and soft skills. The following are the highly recognised MBA full time MBA specialisations:- Operations
- Business Analytics
- Hospital and Healthcare
- Finance
- International Business
- Supply Chain
- Marketing and Sales
- Human Resources
- Entrepreneurship
Part Time MBA vs MBA Full Time Key Differences
The table below presents the notable differences between part time and full time MBA programs:| Full-Time MBA | Part-Time MBA |
| The course duration is 2 years. | The course duration ranges from 6 months to 12 months. |
| Full time MBA tuition fee is INR 20,000 to 40 lakhs. | Part time MBA tuition fee ranges from INR 10 to 20 Lakhs. |
| Basic eligibility criteria require candidates to graduate with a minimum of 50% marks or equivalent GPS. | Eligibility criteria require candidates to complete their graduation with minimum 50% marks. |
| Recommended work experience in 2 to 3 years | Recommended professional experience is 3 to 5 years. |
| Preferred destinations for full time MBA are US, Canada, UK, Germany, France, Australia, Spain, and Singapore. | Preferred destination for part time MBA are US, UK, France, and Singapore. |
| Average salary offered to candidates ranges from INR 18 to 20 Lakhs. | Average salary offered to candidates ranges from INR 5 to 10 Lakhs. |
Full-Time MBA Pros and Cons
The following table shows crucial pros and cons offered by a full time MBA program:| Full Time MBA Pros | Full Time MBA Cons |
| Students finish their programs more quickly, which helps them to re-enter the workforce with potentially higher job offers. | Candidates must take a career break to pursue a full time MBA program. |
| Many MBA scholarships are exclusively offered to full time MBA students. | Candidates get limited time for networking or internships in a full-time program. |
| Full-time MBA students can concentrate fully on their education without the distraction of balancing work. | The course fees at top colleges are generally higher than part time courses. |
Part-Time MBA Pros and Cons
Here are the crucial pros and cons of a part time MBA program:| Part Time MBA Pros | Part Time MBA Cons |
| Part-time programs at some business schools tend to be less competitive. | Part-time MBA degrees take longer to complete their degrees. |
| Working professionals can pursue an MBA without having to leave their careers. | Part-time students may have access to fewer scholarship opportunities. |
| Many employers provide tuition fee reimbursement or other incentives to help offset the cost of an MBA. | Depending on the institution, part-time programs can be more expensive in terms of tuition and fees. |
Full-Time MBA Colleges in India
More than 5700 colleges in India offer a full time MBA degree. To enter these colleges, candidates must qualify for entrance tests like CAT , XAT , GMAT , etc. The table below presents the top 10 MBA colleges in India offering full time MBA courses to candidates:| Institute Name | Exams Accepted | Fees (Rs. Lakhs) | Average Salary (LPA) |
| IIM Ahmedabad | CAT | 24.61 | 33.81 |
| Faculty of Management Studies, University of Delhi | CAT | 4.92 | 34.10 |
| IIM Calcutta | CAT | 31.00 | 35.07 |
| IIM Bangalore | CAT | 24.7 | 35.31 |
| IIM Lucknow | CAT | 20.75 | 32.20 |
| IIM Indore | CAT | 21.17 | 30.21 |
| Indian School of Business | GMAT, GRE | 41.78 | 34.21 |
| IIM Kozhikode | CAT | 20.50 | 28.05 |
| XLRI Jamshedpur | XAT | 28.6 | 32.70 |
| SPJIMR | CAT, GMAT | 21 | 33.02 |
Part-Time MBA Colleges in India
Top IIMs are known to offer part-time MBA degrees in India. Among the top-ranked IIMs, part-time MBA programs offered at IIM Lucknow, IIM Bangalore, IIM Kozhikode, and IIM Indore are preferred by multiple students. The following are the top IIMs that offer part time MBA in India:| MBA College | Minimum Work Experience Required | Exams Accepted | Part-Time MBA Fee( in Lakhs) |
| IIM Lucknow | 3 Years | CAT/XAT/GMAT/GATE/ WMP Entrance Exam | 13.55 |
| IIM Bangalore | 4 Years | CAT/GMAT/GRE/IIMB Test | 18.50 |
| IIM Kozhikode | 3 Years | CAT/GMAT/EMAT-Executive Management Aptitude Test | 10.00 |
| IIM Indore | 5 Years | CAT/GMAT | 15.00 |
| IIM Kashipur (Dehradun campus) | 3 Years | CAT/GMAT/EMAT | - |
| IIM Tiruchirappalli (Chennai Campus) | 3 Years | CAT/GMAT/Own Test | 11.80 |
Part time MBA vs Full Time MBA Programs Career Opportunities
Both part-time and full-time MBA programs offer promising career opportunities. Part-time MBAs are typically pursued by working professionals, whereas full-time MBAs are preferred by fresh graduates. Full-time MBA graduates often secure new job roles with substantially higher salaries than their previous positions, which is a key reason why full-time MBAs are preferred. However, both full time and part time MBA degree holders are eligible for the following job roles:- Financial Analyst
- Marketing Manager
- Brand Manager
- Finance Manager
- Market Analyst
- Credit Analyst
- Management Consultant
- Project Manager
- Risk Manager
Salary Difference between Part Time MBA vs Full Time MBA Programs
The salary offered to part time and full time MBA graduates vary depending on candidates' skills and proficiency. However, the average salary offered to MBA graduates is provided below:| Program | Average Salary (in INR LPA) |
| Full-Time MBA | 18-20 LPA |
| Part-Time MBA | 10-15 LPA |
Part Time MBA vs Full Time MBA Programs FAQs<span style=
Which is better part-time MBA or full-time MBA?
Selecting between a full time and part time MBA program depends on the candidates' preference and schedule. If a candidate can take a career break, a full time MBA is recommended. However, candidates who need to fulfil their professional responsibilities must join a part time MBA program.
Does part-time MBA have value?
Yes, pursuing a part time MBA from a renowned college is highly valued by recruiters worldwide. Part time MBA also enables candidates to get a promotion at their current organisation.
What are the disadvantages of part-time MBA?
The most crucial disadvantage of a part time MBA is that it requires candidates to balance their professional and academic responsibilities.
Which is better part-time MBA or distance MBA?
Both MBA programs assist candidates in enhancing their career prospects. However, a full time MBA is generally recommended for candidates who want to get high paying job offers.
Does part-time MBA have placements?
Esteemed MBA colleges offer college placements for part time MBA graduates. However, most candidates in the part time MBA programs are employed throughout their course duration, and they prefer to continue with their current job roles.
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