All About Part Time MBA - Benefits, Scope, Opportunities, Top Colleges

Published: | August 07, 2018
All About Part Time MBA - Benefits, Scope, Opportunities, Top Colleges

Part time MBA is a convenient option for those who are unable to commit themselves to a full-time MBA course due to a number of reasons. The scope of a part-time MBA course in India is growing rapidly, as it can help candidates land jobs with good salary benefits.

Most people consider a full-time MBA course as a preferred mode of study to excel in the field of business management. An MBA qualification helps graduates to bag fast-track jobs where they can interact with customers and drive business goals placing themselves on a growth path. A career after MBA is often exciting and challenging.

On the other hand, part-time MBA is a convenient option for those who are unable to take up a full-time MBA course due to many reasons such as household commitments, work commitments, financial constraints etc. In simple words, it is not possible for tall to pursue management courses through regular classroom learning mode. For such candidates, part-time MBA is a good choice to pursue their dream of doing MBA.

Considering the rising demand for part-time MBA course, hundreds of institutes have introduced part-time MBA or PGDM (Post Graduate Diploma in Management) courses. The scope of a part time MBA course in India is growing rapidly and a part-time MBA degree from a top college will help students land jobs with good salary benefits.

Duration of Part Time MBA Course:

Part time MBA or PGDM courses last for two or three years. The classes for part-time MBA course are not conducted regularly at compared to full-time MBA course. Most colleges conduct classes on the weekends while some conduct classes in the evenings. Participants must maintain minimum attendance prescribed or set by the institute to be eligible for exams.

Also Read: MBA in India vs MBA Abroad: Which is More Valuable?

Benefits of Part Time MBA Course:

Part-time MBA course has numerous benefits/ advantages. Here is the list of some of the major benefits of part-time MBA courses in India.

Career Growth: Working professionals who are looking to equip themselves with the latest skills and trends in the business management domain can take up a part-time MBA course. The course will help working professionals evaluate whether the career growth they are expecting is in accordance with the demand of the industry or not. Based on the observation, the working professionals can develop the necessary skills so that it will lead to better career prospects/ upgradation of existing positions.

Exposure: Part-time MBA course provides a great exposure to participants on new things associated with the subject that will multiply the chances for individuals to work with like-minded people and interact with them. The course helps participants take up new responsibilities with access to better remuneration. In all, a part-time MBA course will improve the expertise of a person as he/ she will be exposed to different topics of business management.

Flexibility: Part-time MBA courses offer flexibility to the candidates. Working professionals can attend the classes during the weekends/ holidays/ evenings without causing any disturbance to their professional career. The course will help working professionals manage their job, studies and family responsibilities simultaneously.

Tuition Fee Funding by Company: In most cases, the companies encourage their employees to take up part-time MBA course for upgrading their qualifications and skills. In such cases, the companies fund the tuition fees for part-time MBA course with certain conditions. It will reduce the financial burden of the applicants.

Faster Promotions and Incentives: A professional degree in MBA will add weightage to a person’s resume. Working professionals more often take up part-time MBA course for promotions and incentives. In most IT companies after a certain level of promotions, an MBA is almost necessary for faster growth.

Low Fees and Minimal Competition for Admission: Compared to the full-time MBA course, the fees of part-time MBA course is less. On the other hand, the competition for the admission to part-time MBA course is relatively less compared to full-time MBA. The admission process is mostly straightforward and less competitive.

Other Benefits: The curriculum and structure of the part-time MBA course are almost similar to the traditional MBA course. Therefore, candidates who choose part-time MBA do not miss the essential components of the course.

Scope of Part Time MBA Course:

Even though part-time MBA concept is the latest one, it has emerged as the preferred management course due to numerous reasons. The scope of part-time MBA is thus getting wider with every passing year. The scope of a part-time MBA course is elaborated below: -

  • Part-time MBA from top colleges offers excellent career prospects. The course if approved by UGC/ AICTE and is at par with regular MBA course.
  • The placement trends for part-time MBA degree is high as the course is widely acceptable by the corporate sector.
  • Working professionals enjoy good career growth after completing a part-time MBA course.
  • Entrepreneurs will also have a good career path with a part-time MBA course, as they attain the necessary skills for running a business venture.

While joining a part-time MBA course, the candidates must be careful as some institutes offer part-time MBA course without AICTE/ UGC approval.

Placements Opportunities after Part Time MBA Courses:

After the completion of the part-time MBA course, higher career growth in the existing organisation is possible for the participants. Most recruiters also prefer candidates with part-time MBA degree as the key eligibility criteria of the course is work experience. Most institutes offer part-time MBA course only to those candidates who have at least 3-4 years of work experience. These candidates will not only have experience but also skills in business management.

Working professionals can switch over to entrepreneurship after completing a part-time MBA course. The course will help such professionals in attaining skills necessary for running a venture. In all, the placement scope for part-time MBA degree holders is at par with regular MBA graduates.

Top IIM Colleges for Part Time MBA Course:

Most IIMs offer part-time MBA courses to candidates with work experience of 2-4 years. However, the admission to part-time management courses in IIMs is based on work experience, CAT / GMAT score. Some institutes also conduct their own entrance test for the course. Here is the list of some of the top IIMs that offer part-time MBA course.

Name of the Institute

Name of the Course

Full Fees

IIM Lucknow

PGPM-WMP

Rs. 12.70 lakh

IIM Kozhikode

EPGP

Rs. 10 lakh

IIM Kashipur

MBA WX

Rs. 8.26 lakh

IIM Tiruchirapalli

PGPBM

Rs. 11.90 lakh

IIM Indore

PGPMX

Rs. 15 lakh

IIM Bangalore

PGPEM

Rs. 18.92 lakh

Also Read: Schedule of Upcoming MBA Entrance Exams in India

Top Part Time MBA Colleges:

The following are some of the non-IIM colleges that offer a part-time MBA course. The admission process of these colleges is based on UG percentage or management entrance exams score and work experience of at least 2-4 years.

Name of the Institute

Name of the Course

Full Fees

IFIM Bangalore

PGDM for Working Professionals

Rs. 2.65 lakh

LBSIM New Delhi

PGDM

Rs. 3.48 lakh

Symbiosis Institute of Business Management, Pune

MBA Executive

Rs. 5.60 lakh

NMIMS Mumbai (School of Business Management)

MBA

Rs. 4.75 lakh

K J Somaiya Institute of Management & Research, Mumbai

MBA

Rs. 2.48 lakh

JBIMS Mumbai

MBA

Rs. 1.536 lakh

IMT Ghaziabad

PGDM

Rs. 6 lakh

FMS Delhi

MBA Executive

Rs. 51,000

MDI Gurgaon

PGPM

Rs. 9.37 lakh

XLRI Jamshedpur

PGDM (BM)

Rs. 1l lakh

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