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Is A Part-Time MBA Worth It?

Part-time MBAs allow you to advance your career without taking time off work, but the cost is often similar to full-time MBA programs. So is a part-time MBA worth it?

Tue Aug 18 2020

BusinessBecause

It isn't always feasible to take a year or two out of the workplace to study a full-time MBA. In this case, you have two main options: you can study an Online MBA or you can opt for a part-time MBA, with in-person classes often on evenings and weekends.

The part-time MBA has seen its popularity ebb and flow in the last few years. With more sophisticated online delivery methods coming to the fore, many part-time options offer online study alongside in-person learning sessions.

For the busy professional, the part-time delivery model can be beneficial. But is a part-time MBA worth the investment?


Part-time MBA | Cost



Because part-time MBA programs usually cover the same content as a school’s full-time program—just over a longer period of time—the cost of a part-time degree compared with the cost of a full-time MBA doesn’t vary dramatically.

For example, Chicago Booth’s Evening and Weekend MBA programs cost the same as the school’s full-time, two-year program, at $146,880. Temple University’s Fox School of Business charges $57,024 for its part-time MBA, which is slightly less than the $64,152 and $67,230 it costs in-state and out-of-state students, respectively, for the school’s full-time Global MBA.

Imperial College Business School charges marginally less for its Weekend MBA program compared to its full-time program. ESMT Berlin’s Part-Time MBA in Business Innovation costs roughly $7,000 less than the school's full-time program. And MIP Politecnico di Milano has a part-time and full-time version of its International MBA, which cost about the same.

Because of the financial setback, if you’re looking at a part-time MBA you should consider what you're most looking to gain from the program. Do you value the MBA network more than the knowledge? Do you want to make a career change or advance your career within the same company. Those choices will help you decide between a full-time or part-time program.

One key difference between full-time and part-time MBA programs is the flexibility of the part-time MBA. A part-time MBA will stretch your finances the same way a full-time program would, but you will be earning at the same time.


Student Reviews

ESMT Berlin

Prithivi

Verified

29/04/2019

On Campus

Well qualified professors and great connectons with the industry

Well structured programs, great facilities and very good career development team. The alumni relations with the school are great and well maintained and fostered. Overall a great school right in the middle of Berlin.

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