Part-time MBAs allow you to advance your career without taking time off work, but the cost is often similar to full-time MBA programs. So is a part-time MBA worth it?
It isn't always feasible to take a year or two out of the workplace to study a full-time MBA. In this case, you have two main options: you can study an Online MBA or you can opt for a part-time MBA, with in-person classes often on evenings and weekends.
The part-time MBA has seen its popularity ebb and flow in the last few years. With more sophisticated online delivery methods coming to the fore, many part-time options offer online study alongside in-person learning sessions.
For the busy professional, the part-time delivery model can be beneficial. But is a part-time MBA worth the investment?
Part-time MBA | Cost
Because part-time MBA programs usually cover the same content as a school’s full-time program—just over a longer period of time—the cost of a part-time degree compared with the cost of a full-time MBA doesn’t vary dramatically.
For example, Chicago Booth’s Evening and Weekend MBA programs cost the same as the school’s full-time, two-year program, at $146,880. Temple University’s Fox School of Business charges $57,024 for its part-time MBA, which is slightly less than the $64,152 and $67,230 it costs in-state and out-of-state students, respectively, for the school’s full-time Global MBA.
Imperial College Business School charges marginally less for its Weekend MBA program compared to its full-time program. ESMT Berlin’s Part-Time MBA in Business Innovation costs roughly $7,000 less than the school's full-time program. And MIP Politecnico di Milano has a part-time and full-time version of its International MBA, which cost about the same.
Because of the financial setback, if you’re looking at a part-time MBA you should consider what you're most looking to gain from the program. Do you value the MBA network more than the knowledge? Do you want to make a career change or advance your career within the same company. Those choices will help you decide between a full-time or part-time program.
One key difference between full-time and part-time MBA programs is the flexibility of the part-time MBA. A part-time MBA will stretch your finances the same way a full-time program would, but you will be earning at the same time.
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Studying at the European School of Management and Technology has exceeded all my expectations. I thought I was just signing up for a solid business education, but what I got was so much more. Every class is dynamic, with professors who are not just academics but actual leaders in their fields, bringing real-world case studies and fresh insights into every discussion. They make even complex topics exciting and easy to understand by linking theory to what’s happening right now in the global business world. The interactive approach, combined with a diverse group of classmates, makes every class feel like a new challenge and opportunity. I never imagined learning could be this engaging and inspiring.
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ESMT Berlin has been a revelation! I was drawn to its top-tier rankings and location in Germany's vibrant capital, but the experience has shattered my expectations. The education here is exceptionally practical, with professors who are renowned experts and industry veterans. Each class is a high-energy, interactive session that tackles real-world challenges, from strategic innovation to digital transformation. I'm constantly impressed by the diversity of perspectives and expertise among my classmates, who hail from over 50 countries. ESMT's focus on leadership development, entrepreneurship, and social responsibility resonates deeply with me.
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I cannot believe how amazing my experience at the European School of Management and Technology is! I was initially hesitant about going to a business school, but ESMT has exceeded all my expectations. The professors here are not just knowledgeable, but they are passionate about their subjects and make every class exciting and engaging. The education I am receiving here is far better than what I thought it would be, and I am constantly challenged and motivated to learn more. I am so grateful to be a part of such a prestigious and dynamic institution. ESMT truly lives up to its reputation as one of the top business schools in Europe.
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My time here's has been truly exceptional. The professors are supportive and welcoming, creating an ideal learning environment. Various campus activities cater to diverse interests, and hands-on experiences prepare students for their future careers. One area for improvement is the dining options, but overall, I've thoroughly enjoyed my experience.
