Not every professional gets the chance to take a sabbatical for a year to pursue their dream of achieving a degree in Executive MBA. But lack of chance does not mean that you would have to give up your ambition of attaining further education in management. When Full Time mode of programme is not convenient, it is best to go on the Part Time mode rather than quitting the plan altogether.
After weighing the Pros and Cons of Full Time Executive MBA programme, if you feel that the full time mode is not conducive, you can always go for the Part Time mode. If you are still in a dilemma whether the Part Time Executive MBA would be a worthy step for your career or not, here we bring to you why it would be a good decision to pursue Part Time Executive MBA. This article of Careers360 lists down the advantages of Part Time Executive MBA programmes.
Flexible – The Part Time Executive MBA is flexible in its mode as you are free to choose the timing of classes, which can be either during the evening hours or on weekends. Different B-schools have different timings for the Part Time classes which you can select based on their convenience. Some of the B-schools’ pedagogy also involve a combination of online and classroom teaching. Since the overall course duration is more than 1 year, ranging from 3 to 5 years, the class hours are shorter. The students can manage the time accordingly and utilize the entire day or weekend as per their priorities.
Professional and personal life balance – Unlike the Full Time mode students, the Part Time candidates need not relocate to a different city away from their families or take break from work. You can continue with your regular lifestyle and in addition, attend the classes. Although you have to adjust your schedule with the classes and regular preparation or completing assignment, but that is where the challenge lies for you. If you can balance all 3 aspects, work, study and personal life, then you are already a notch ahead in being a successful manager.
Continue to earn while learning – Since there is no need to take a sabbatical from work for pursuing the programme, you can continue to work and draw the salary along with learning. Unlike the Full Time Executive MBA programmes, you need not depend entirely on your savings for the entire course duration.
Lower fee – Compared to the full time programmes, the fee for the part time Executive MBA programmes is much lower. The fee for the Part Time Executive MBA programmes range from Rs. 2 lakh to Rs. 15 lakh. Moreover, some B-schools also offer Scholarships and some companies offer sponsorship to the candidates which make the programme even more cost effective. Given the fact that the candidates keep earning while pursuing the course, scholarship or sponsorship options are like cherry on the cake.
Same curriculum and faculty – If you are planning admission to the Part Time programmes of an institute of repute, be rest assured about the quality of the curriculum and faculty profile. The curriculum would be redesigned to fit the needs of the Part Time students and as per the course credits but the crux of the courses would be the same. Also, the faculty members would also remain the same, ensuring the quality of curriculum and pedagogy.
Less rigour – For Full Time Executive MBA candidates, the course is much more rigorous as the burden of class participation as well as assignments along with extracurricular activities is much higher. Owing to the lesser duration of class hours and the fact that the students are working professionals, the rigour is lesser compared to that of the full time mode of study. Along with studies, the students of Full Time Executive MBA also indulge in various non-academic activities like sports, competitions, quizzes and they form clubs of various interests which the part time EMBA students are refrained from.
Real time implementation of learning – One of the prime advantages of the Part Time EMBA students is that the students get the opportunity to implement the classroom learning in their day to day work life. Not only that enhances the performance at workplace, it also enriches their lessons at the classes from their real time experiences at workplace. Chander Shekhar Sibal, an alumnus of IIM Lucknow Working Manager Programme (WMP) shares, “Before joining the programme, I was doing my job in routine fashion in Sales and Modality. This programme helped me hone my skills in Finance, Marketing, Strategy, SCM and Organisation Structure. I started correlating things in my day to day job. I started getting better attention from my customers and inside the company as it increased my analytical capability.”
Networking – In the course of study, the students get the opportunity to network and build contacts from various industry players at the classroom or through guest lectures. The networking opportunity can be exercised at the end of the programme or when the students plan to change the course of their career.
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