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Are you thinking about an MBA but are unsure whether full-time or part-time is right for you? This decision can shape your experience, finances, and future opportunities.
Quick Answer: A full-time MBA is ideal for candidates seeking a career change and an immersive experience, while a part-time MBA suits professionals who want to continue working while advancing their education.
Key differences include schedule, cost, duration, networking opportunities, and salary outcomes.
Choosing the best format depends on your career goals, experience, and flexibility needs.
Keep reading to explore key comparisons, candidate profiles, and practical tips to help you make the best choice.
Here are the topics we’ll cover:
- Understanding the Basics
- Key Differences: A Detailed Comparison
- Ideal Candidates: Who Benefits Most?
- Specialized MBA Formats
- Factors to Consider When Choosing
- Making the Decision: Practical Tips
- Key Takeaways
- Frequently Asked Questions (FAQ)
- What’s Next?
Understanding the Basics
Before diving into specifics, let’s discuss what the full-time vs. part-time MBA programs include.
Full-Time MBA
A full-time MBA program generally spans 2 years. Specifically, full-time MBA students leave the workforce and fully commit to academic programs and on-campus activities.
Additionally, the full-time MBA includes a professional internship, usually in the summer between the first and second years.
A full-time MBA program is generally best suited for candidates who are:
- changing careers
- navigating the first few years of their careers
- willing and able to leave the workforce for 1–2 years
Part-Time MBA
Alternatively, a part-time MBA is designed for working professionals. Therefore, classes are held in non-working hours.
Specifically, in part-time MBA programs, classes are held in the evenings, on weekends, or online. As a result, part-time MBA programs span 2–4 years.
A part-time MBA program is generally most appropriate for candidates who are:
- continuing in their current careers
- balancing family and other commitments
- avoiding leaving the workforce
KEY FACT:
Full-time MBA programs require full commitment, but part-time MBA programs can be pursued while working.
Key Differences: A Detailed Comparison
Here is a more detailed comparison of full-time vs. part-time MBA programs:
| Feature | Full-Time MBA | Part-Time MBA |
|---|---|---|
| MBA Program Schedule | Classes are held on weekdays, generally during the day | Classes are generally held evenings and weekends |
| Program Duration | 1–2 years | 2–4 years |
| Format | On-campus, fully immersive | Evening/weekend, hybrid, or online |
| Study Load | Intensive | Flexible |
| Career Advancement | Ideal for career changers or career accelerators | Best for job and career continuity |
| Program Cost | Higher tuition + opportunity cost | Lower tuition + ongoing income |
| Networking Opportunities | Significant in-person and daily engagement | Less frequent engagement, depending on program format |
| Salary Outcomes | Higher salary post-graduation | Variable ROI; can help facilitate promotions |
Ideal Candidates: Who Benefits Most?
Understanding candidate profiles can help you determine which format is right for you and your goals.
Let’s take a closer look at candidate profiles across full-time vs. part-time MBA programs.
Full-Time MBA
Full-time MBA programs are best for professionals who:
- want to switch career paths — industry, function, or both
- seek an immersive experience
- can forgo 1–2 years of salary
Part-Time MBA
Part-time MBA programs are best for professionals who:
- want to continue in their current company or industry
- forego the opportunity cost of leaving the workforce
- need flexibility with their schedules
- seek work-life balance
TTP PRO TIP:
Talk with current students at full-time and part-time MBA programs to understand the differences between the formats.
Specialized MBA Formats
Beyond full-time vs. part-time MBA options, specialized programs help working professionals bolster their credentials.
Specifically, specialized programs include Executive MBA (EMBA) programs and online MBA programs.
Let’s dive into an MBA program comparison:
Executive MBA vs. Part-Time MBA
Executive MBA (EMBA): Designed for professionals with 10+ years of experience. Coursework focuses on strategy and leadership.
Examples of top EMBA programs include:
- Booth Executive MBA Program
- Columbia Business School Executive MBA Program
- Fuqua Weekend Executive MBA Program
- Kellogg Executive MBA Program
- Wharton MBA for Executives
Part-Time MBA: Serves a larger range of professionals. Coursework is broader in scope and develops business fundamentals.
Examples of part-time MBA programs include:
- Anderson Fully Employed MBA Program
- Booth Part-Time MBA Program
- Haas Evening & Weekend MBA Program
- Kellogg Evening & Weekend MBA Program
- Stern Part-Time MBA Program
Online MBA for Working Professionals
Many part-time MBA programs are offered online. Specifically, these programs offer:
- geographic flexibility
- access to career services and alumni network
- scheduling options
Examples of online MBA programs include:
- Foster Hybrid MBA
- Kelley Direct Online MBA Program
- Kenan-Flagler Online MBA Program
- Tepper Online Hybrid MBA
- Warrington MBA Online
KEY FACT:
Online MBA programs allow remote participation, with some programs meeting occasionally in person.
Factors to Consider When Choosing
There are numerous factors to consider when choosing a full-time vs. part-time MBA program. In particular, here’s what to keep in mind:
Your work experience:
- If you have 4–6 years of work experience, a full-time MBA program may make sense.
- If you have above-average work experience, a part-time MBA program may be more appropriate.
- If you have no work experience, select MBA programs may be best for you.
Your career goals:
- If you’re seeking a career change, a full-time MBA program may be best for you.
- If you’re seeking career advancement, a part-time MBA or EMBA may help you reach your goals.
- If you’re interested in growing your salary, the part-time vs. full-time MBA salary will vary by industry and function.
Your financial investment:
- The cost of a full-time MBA program includes tuition, room and board, and lost income.
- The cost of a part-time MBA program includes tuition only. There is no loss of income with this option.
- Full-time vs. part-time MBA costs vary by program. However, part-time MBA programs are generally less expensive.
The location and format:
- If you prefer an immersive on-campus experience, a full-time MBA program may be best for you.
- If you need flexibility, a part-time MBA or part-time online MBA program may work best.
- Full-time vs. part-time MBA programs have different admissions criteria.
- Generally, full-time MBA programs are more competitive.
- Alternatively, part-time MBA programs have more flexible standards.
KEY FACT:
Part-time MBA programs generally cost less but take more time.
Making the Decision: Practical Tips
Conduct your own research to determine which format is right for you.
Specifically, take the following steps to learn more about full-time vs. part-time MBA programs:
- Compare rankings: Assess part-time MBA rankings and full-time program rankings. Use rankings as a tool rather than a final decision-maker.
- Talk with current students and alumni: Get real information from people in the programs. Additionally, learn how alums have benefited from their experiences.
- Research career offices: Understand the resources available at full-time vs. part-time MBA programs.
- Gain another perspective: Consider working with an MBA admissions consultant to discuss and refine your strategy. Specifically, a consultant can advise you on how many programs to apply to.
TTP PRO TIP:
Go beyond a program’s website to learn more about its offerings and the student experience.
Key Takeaways
Deciding between a full-time vs. part-time MBA program isn’t just about academics. Instead, it’s about aligning your career goals with the most appropriate format.
Full-time vs. part-time MBA programs require different levels of investment, time commitment, and professional alignment.
In conclusion, we recommend that you review the steps outlined in this article to determine the format that works best for you.
Frequently Asked Questions (FAQ)
Which MBA is best: part-time or full-time?
It depends. Full-time MBAs are best for career changes and an immersive experience. Alternatively, part-time MBAs are ideal for driving professional growth alongside your existing career.
Is it worth doing a part-time MBA?
Yes! Depending on your situation, a part-time MBA can facilitate learning, growth, and promotions. Additionally, part-time MBA programs enable you to continue making money.
Part-time MBA or Executive MBA: Which is better?
It depends. If you have more than 10 years of experience, an EMBA may be best.
Otherwise, a part-time MBA serves a broader audience and is generally flexible and more affordable.
Is an Executive MBA full-time or part-time?
Most Executive MBA programs are offered on a part-time basis. Depending on the program, classes are held on evenings, weekends, or online.
Is a part-time MBA the same as a full-time MBA?
Generally, no. While the curriculum is similar, the formats, networking, and levels of immersion are different.
What’s Next?
Deciding between a full-time vs. part-time MBA requires thought and deliberation. If you’d like help, Target Test Prep’s experienced MBA admissions consultants can discuss your options and goals.
