| Undertaking an MBA may be desirable for many wishing to make headway in a career in business and management, or it can be a method of switching careers after initial training an alternative field. Despite the benefits, the prospect of taking a career break in order to study for a ful time MBA is just not possible for many. As such, the part time executive MBA is a way in which the qualification can be achieved without leaving the work place.
Part Time Executive MBA Program Fees
There are two elements to consider in relation to the costs of a part time executive MBA program, namely the financial cost in course fees and the time costs in attendance. On the whole, the part time executive MBA program will not cost any more than undertaking the qualification on a full time basis. In addition, many institutions will allow the part time student to pay on a pro-rata basis paying per term or per annum.
Course fees vary substantially depending on the institution. In 2010, an executive MBA program at the University of Birmingham will cost in the region of ?18,000 whilst a similar program at Henley Business School costs more than twice as much at almost ?40,000.
From a time perspective, one must consider both the elements of the time taken to complete the course as well as how much time is required to attend classes and study on a weekly basis. Programs have a variety of attendance requirements: some offer weekday evening classes whilst other require weekend attendance.
Webster University at Regents College in London offers an intensive part time program which allows an applicant to complete an MBA in just over a year. Whilst this may be an attractive option, the program requires attendance of two four-hour night classes per week and there is no summer term recess. More typical time frames for part time executive MBA programs see participants needing to invest two to three years in the program before the qualification is achieved.
Applying for a Executive MBA Courses
In many cases, entry into an executive MBA program requires both a previous University education and some relevant industry experience. Alternatively, many institutions allow those without a previous degree to apply if significant industry experience at a relevant level can be demonstrated. Typical requirements in the first case are a 2:1 undergraduate degree in a relevant subject and around three years of industry experience at a management level.
In addition to qualifications and industry experience requirements, the applicant will usually be required to provide at least two good references. Providing both an academic and an industry-based reference will allow the candidate to prove suitability from both an intellectual and a pragmatic perspective. Whilst these are the basic requirements of an application to a part time executive MBA program, every institution has its own applications procedures and as such, the applicant may also need to take part in additional assessments such as an interview or undertake a GMAT test.
Many institutions have two intakes per year for executive MBA programs, with typical starts in both the autumn and again in late winter or early spring. As such a lot of institutions accept applications on a rolling basis although one should check the requirements of each institution in detail.
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