Those already working in business full time do not always have the luxury of taking time off work to pursue further education. In fact, doing so can be detrimental to their careers as they pass up opportunities to work on special projects and gain practical experience that their current jobs can award them. That being said, climbing the corporate ladder can take a long time and having an MBA under one’s belt can really help someone advance in their career faster by making them better qualified for leadership. Luckily, choosing to pursue an MBA part time with a reputable school can give business people the advantage of this prestigious designation without taking them away from their industries. Read below on some of the advantages of pursuing graduate studies in business part time.
Students Can Mitigate The Cost Of Tuition
Most MBA programs have heavy tuition attached to them requiring many to take out loans in order to pay off their schooling. However, having a steady and consistent income can cut the stress and financial burden in half; those taking out loans can also be rid of them faster and avoid growing interest rates. Some companies will even pay for their employees to take a part time MBA in the interest of grooming them for managerial positions.
They Can Apply Core Concepts Learned Directly To Their Jobs
If there’s ever an opportunity to take what’s taught in the classroom and test it, it’s through the part time programs that allow students to keep their full time jobs. Students can use what they learn to solve problems at work, offer valuable suggestions to their superiors, and help their companies get better organized thanks to the knowledge provided to them by their MBA programs. It also shows their bosses how schooling is helping them to expand their viewpoints and grow, potentially leading to promotion in the foreseeable future.
They Can Fast Track Their Careers Without Leaving Current Positions
For those who don’t see themselves remaining with their current companies, for example those wanting to switch industries altogether, can get necessary credentials without making the risky decision to leave the industry they’ve fostered a relationship with, at least not until they’ve secured work elsewhere. This way they can train for a new industry by doing an MBA while keeping their professional lives stable, and continuing to learn all that they can from their jobs while studying. Typically, these types of part time programs, like those offered through the Lazaridis School of Business & Economics will take candidates approximately 2.5-5 years to complete so staying at work can prove to be beneficial not only financially but in offering valuable lessons to take with them after graduating.
Business people already established in their careers wanting extra training, practice and qualifications should be choosing an custom-tailored MBA program, offering them time to work as well as some balance between the professional and the personal. No one should have to completely change their lives around to receive the education they want.