Why Part-time MBA Courses
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Correspondence courses do not
provide face-to-face teaching, which is very very essential for any course.
Until and unless one faces regular exams, clarify doubts from teachers, the
sense of ownership can not come. That's the reason why online courses could
never become popular anywhere in the world.
As there is growing need for MBA
professional, working executives and organisations are realising the importance
of part-time MBA. There would be more and more MBA professionals in India, and
this would become a necessary requirement to reach to the top level of
management. So it is essential to understand the real value of such courses in
terms of both learning and monetary perspective. Both are important.
Leaning perspective has already
been discussed. Talking about monetary benefits, the comparison is done for
monetary gains and loss compared to full-time. A normal two-years experience
(minimum requirement for any part-time course in India) executive would be
earning around 3 LPA. Some guys earn even more and some guys less. Taking this
figure as base for two years, the total amount is 6 LPA (discounting the
increase in salary over years and also increase in money by time value of money
concept). This was opportunity cost for leaving job and going for full-time
course. Also, the actual cost of doing MBA is generally around 3-4 Lakhs (could
cost more including the interest to be paid on loan, cost of staying in hostel,
food, etc.). Overall, the cost comes around 10 Lakhs. And yes, don't forget the
loss in experience for the 2 years!
So all the working executives who
go for full-time courses have to answer this question. Is it really worth paying
such huge amount? I hope this would bring some clarity towards such courses.
This article is not to demean any
other management courses but to give the part-time course its due importance,
which it truly deserves. And also clarifying what is the objective of such
courses and how is it comparable vis-�-vis other management courses. I hope that
students would be in better position to decide what and which management course
will suit their requirement.
