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GNIMS is one of the most prestigious educational institutions credited with imparting quality education in management since 2002. Established by Shiromani Gurudwara Prabhandhak Committee, GNIMS has grown to include plethora of courses suitable for today’s generation.

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  /  Information   /  Part-Time MBA vs Full-Time MBA
Part-Time MBA vs Full-Time MBA

Part-Time MBA vs Full-Time MBA

A Masters in Business Administration is an internationally recognized degree which is a beneficial qualification in more than one way. An MBA provides the student with networking opportunities, new skills and knowledge and higher salaries among other benefits. Traditionally students would pursue a two-year full-time MBA immediately after completing graduation. However, in recent times, working professionals have begun opting for part-time MBA to improve their prospects. Here we discuss the difference between a full-time and part-time MBA.

Difference between Full-time and Part-time MBA:

1) Admission: The admission and selection process is quicker and simpler when it comes to a Part-time MBA. Candidates have to go through an in-depth evaluation and a mandatory interview to secure admission for a Full-time MBA.
2) Flexibility: Students opting for a Full-time MBA have fixed classes and a rigid schedule. Part-time MBA students, on the other hand, have the option to take classes on weekends or after working hours on weekdays.
3) Scholarships: Various Full-time management programs offer different types of scholarships based on pre-set criteria. However, most Part-time MBA students would have to bear the cost themselves. Very few management programs offer scholarships to Part-time MBA students.
4) Learn & Earn: Part-time MBA students can earn while they learn. They also have the opportunity to implement their classroom lessons on the job, helping them to get a practical understanding of what concepts work and what don’t. Full-time MBA students have to wait for internships to apply their learning.
5) Networking Opportunities: One of the most valuable sources of learning is from peers. Class diversity and interactive group sessions are the great sources of learning. Full-time MBA students spend most of their time together. In a Part-time MBA program, the hours and numbered and hence peer-to-peer learning is more functional and limited.
6) Time-frame: A Full-time MBA program is for the duration of 2 years whereas, a Part-time MBA can take anywhere between 3 and 5 years to complete. The drawback for Part-Time MBA students is that the market scenario might change by the time they complete their course.
7) Income Potential: Graduates who stay with the same employer for extended periods receive marginal increments. Pursuing an MBA immediately after graduation drastically improve the chances of securing a better package as opposed to a Part-time MBA after 3-4 years of graduation.
8) Choice of Institute: A Part-time MBA is not available at all premier institutes. As a result, one might not be able to study at their preferred school. Today, all leading business schools across the country offer Full-time MBA programs.
9) Career Change: A Full-time MBA opens up the opportunity to enter into more lucrative industries. It provides a 360-degree development to students to work in rapidly changing sectors. A Part-time program may not be ideal for someone looking to change fields.
10) Campus Placements: Full-time MBAs graduating from renowned business schools and institutes can secure placements with better packages. But Part-time MBA students don’t have this opportunity. Also, Part-time MBA is suitable for those who are already placed in the industry.

Does Part-Time MBA have the same value as Fulltime MBA?

As evident, both Full-time and Part-time MBA have their own advantages and disadvantages. Part-time MBA means steady income while learning new skills, the duration is longer and lacks peer-to-peer learning that is essential to personality development. Conversely, a Full-time MBA involves interaction with the diverse group an opportunity to gain practical experience in different industries without the risks of a job. However, without a scholarship, a Full-time MBA can be expensive.

Graduates and professionals looking to advance their careers should weigh out the pros and cons and make a decision based on their goals and current standings. Executive MBA is another alternative that provides a career boost.
Guru Nanak Institute of Management Studies (GNIMS) is one of leading institute that offers all three variations of MBA to aspiring manages.

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