We often get questions about part-time MBA programs and their value. We thought it would be good to take a look at some of the pros and cons of this MBA option.
As for the pros, the one candidates cite most frequently is that the part-time MBA has a limited opportunity cost. Unlike the full-time MBA student, the part-time MBA student does not miss out on two years of salary and still has the opportunity to earn raises and promotions while completing his/her studies. Furthermore, firm sponsorship seems to be more prevalent for part-time MBAs, so candidates who have this option can truly come out ahead, with a free education and continued earning throughout. Beyond the financial rationale, many part-time MBA students see an academic advantage; they can learn both in the classroom and at work and can then turn theory into practice (and vice versa) in real time, on … Read full post
Let me begin by introducing the 700lb gorilla in the room: creating a sound financial argument for choosing to quit your job and go to b-school full-time is extremely difficult. In a previous blog post, I wrote about the financial reasons to consider a part-time MBA program.
For the purposes of this post, I’m going to move beyond the money issue and speak about what going full-time meant to my experience as compared with the many part-time students I worked with while in school. Then I’ll kick it over to my colleague, Jonathan Wylie (a current part-time MBAer) to see what he has to say about his experience as he finishes up his first year in Berkeley’s program. I’ll begin at the beginning…
You are going to be very busy in business school. Whether a part-time or full-time student, time will be in short supply. So does it make sense to add even more work to an already heavy load? Unequivocally, “Yes!”
I have written before about the importance of getting involved in extra-curricular activities while in grad school. In fact, experiential learning initiatives are becoming part of the curriculum at our nation’s b-schools. Why? Because of their inarguable value in terms of augmenting your education.
OK, so how do you get involved? The most common way is to enter into a business competition. There are many of these competitions throughout the year, each unique in its own way. Perhaps your institution even hosts one, or regularly participates in some long-standing competitions year after year. Whether or not there is a participation precedent set, b-school administration is usually very supportive … Read full post