Masters of Business Administration or MBA is an internationally-reckoned degree that is designed to provide participants with essential skills required to advance their careers in business and management. Acquiring an MBA degree allows professionals to enjoy many benefits including high salaries, wider career avenues, international exposure, etc. However, leaving their existing jobs to concentrate on a 2-year program may not seem like a feasible option. This is where part-time MBA and Executive MBA programs play a pivotal role. These types of MBA programs allow working professionals to hold on to their full-time jobs while earning their master’s degree.
Below is a brief on both, a part-time MBA and an executive MBA program that will help professionals understand the concepts and how they differ from one another:-
Part-Time MBA Programs
Part-time MBA is a learning program in which classes are offered at convenient times such as on weekends and evenings. The duration of part-time MBA programs can vary as there are many factors that determine the time it takes to earn an MBA part-time degree. Typically a part-time MBA program takes 2-3 years to complete, but it can be extended to five years.
Benefits of Part-Time MBA Courses
While the concept of a part-time MBA is new, it has emerged as one of the preferred courses. With every passing year, the scope of part-time MBA is getting wider, granted that courses are approved by UGC/AICTE. Following are the key benefits of part-time MBA programs:-
- Career Growth
Working professionals who are looking to update themselves with the latest skills and trends associated with business and management domain can take-up a part-time MBA course and expand their career avenues.
This program offers great exposure to professionals by equipping them with essential knowledge and skillsets and allowing them to take up new responsibilities with access to higher remuneration.
Part-time MBA programs allow students to attend classes during weekends, evening or even holidays, hence offering them greater flexibility.
The cost of part-time is lesser in comparison to the regular MBA, allowing aspirants to extend their academic
An Executive MBA (EMBA) is a learning program designed for corporate executives and managers. This program enables professionals to study and earn a degree while continuing to hold their existing jobs. In order to enrol in an EMBA program, one needs to possess significant work experience. Furthermore, the duration of the EMBA course varies from 1 to 2 years.
Benefits of Executive MBA
Enrolling in an executive MBA program allows participants to enjoy a wide range of benefits including:-
- Opportunity to Learn Advanced Skills
An EMBA program enables professionals to strengthen their knowledge base with regards to the fundamental practices of business, allowing them to apply for senior leadership roles.
- Develop Leadership Skills
The prominence of strong leadership skills in the business landscape is quite evident in order to become successful in any senior management role, and EMBA offers participants the ability to do the same.
- Greater Networking Opportunities
EMBA programs allow participants to connect with a diverse bunch of individuals from various sectors, expanding their professional and personal network.
Both part-time MBA and executive MBA programs are designed especially for working professionals. These programs extend professionals the flexibility and convenience they require to efficiently juggle between their studies and work-life.