These are the best part-time MBA rankings along with their associated costs and enrollment numbers.
If you’re interested in getting your MBA, you can either choose to enroll in a full-time or part-time program. The part-time MBA rankings show what schools are the best for those who are looking to earn their degree while managing other responsibilities like holding a job or raising a family. A part-time MBA program is equally respected when compared to a full-time program, they just allow students to organize their schedule differently while still getting their degree.
First, what’s the difference between a full- and part-time MBA program? Besides for the time it takes to complete the program, as well as associated costs, part-time programs have more lenient admission requirements. For example:
- GMAT Scores: Part-time programs accept students with lower GMAT scores
- Lower GPAs: The average was 3.5 for full-time and 3.3 for part-time students admitted
There are additional benefits of a part-time program. Let’s take a look at the pros and cons of a part-time MBA.
Part-time programs offer increased flexibility to be able to work and study at the same time. With most classes being offered during nights or weekends, students can remain in their jobs while earning their degree.
Since there are less units being taken at a time, the costs of going to a part-time program are lower. Additionally, since you have more open time to work, you can use some income towards paying for school, which means less debt upon graduation.
Like their full-time counterparts, part-time MBA programs offer an unparalleled opportunity to network with fellow like-minded students as well as potential business partners.
Depending on how you look at it, being able to find balance between work and school or family and school can be both a pro and con. Enrolling in a part-time program will be challenging as you’ll need to divide your time and cannot dedicate as much energy into solely studying, but it can also be beneficial as you will hone time management skills.
While a full-time MBA program typically takes anywhere from 12-24 months to complete, a part-time program may mean you’ll be enrolled for 2-3 years, so the time it takes to get your degree in hand will be longer than a full-time program since it’s less units per semester.
Jumping into an academic program full-time translates to heightened intensity. Although a part-time program will offer its challenges and fair share of intensity, it may not feel like it because there will be other things on your plate besides just being able to focus on school. So, it’s intense in a different way.
Best Part-Time MBA Rankings
According to U.S. News, these are the best part-time MBA programs that were ranked in 2018.
Note: Annual tuition is full-time/out of state.
1. University of California, Berkeley
- Annual Tuition – $59,811
- Full-Time Enrollment – 543
One of the benefits of attending this school is its location close to Silicon Valley where some of the top companies like Google and Apple are headquartered. As an MBA student, solidifying an internship with one of these businesses would offer a prime opportunity for a career.
2. University of Chicago (Booth)
- Annual Tuition – $69,200
- Full-Time Enrollment – 1,176
University of Chicago also tied in first place with Harvard Business School for Best Business Schools overall based on expert opinion as well as statistical data. Booth is one of the oldest schools in the country and 98.4% of graduates are offered jobs within 3 months of graduating.
3. Northwestern University – Illinois
- Annual Tuition – $68,955
- Full-Time Enrollment – 1,296
Northwestern boasts the option for students to get involved in research centers and more than 100 student organizations that range from academic to social clubs.
4. New York University
- Annual Tuition – $69,086
- Full-Time Enrollment – 779
Graduate students are put into groups of 60 and these students will go through the MBA program together. Students also have the option to complete dual degrees at an accelerated pace.
5. University of California, Los Angeles
- Annual Tuition – $56,972
- Full-Time Enrollment – 725
UCLA has specialized centers on campus for Finance & Investments, Real Estate and more. Additionally, about one out of three students in the daytime MBA program are international.
6. University of Ann Arbor, Michigan
- Annual Tuition – $62,300
- Full-Time Enrollment – 824
The methodology for teaching stresses action-based learning to promote students to ask questions and find solutions, thereby becoming good leaders.
7. Carnegie Mellon University – Pennsylvania
- Annual Tuition – $64,000
- Full-Time Enrollment – 446
Students can complete joint degrees in software engineering, healthcare management and civil engineering, to name a few.
8. University of Texas – Austin
- Annual Tuition – $35,324
- Full-Time Enrollment – 527
The part-time program spans over seven semesters and the McCombs School of Business consistently ranks as one of the best MBAs in the country because of the high percentage of students who are hired upon graduation.
9. Ohio State University
- Annual Tuition – $30,120
- Full-Time Enrollment – 183
Personal attention is a major concern at Ohio State University. That’s why the class sizes are so small and acceptance rates are low so that each student receives adequate attention.
10. University of Minnesota – Twin Cities
- Annual Tuition – $38,208
- Full-Time Enrollment – 200
This university stresses hands-on learning and real world experiential projects to prepare students to enter the real world of business.
You’re likely wondering how these rankings are produced. U.S. News bases their rankings on 5 criteria, namely:
- Average peer assessment score
- Average GMAT and GRE score for students entering the part-time program
- Average undergraduate GPA
- Years of work experience
- Percentage of full-time and part-time students who are in the part-time program
If a traditional on-campus part-time MBA program is not right for you, there are online options too! Whether you choose to study online to have more flexibility, lower costs or avoid geographical barriers, University of the People offers a US accredited and tuition-free opportunity to earn your MBA. Take a look at why you should study part time at UoPeople.
What You Learn in an MBA Program
You’re probably wondering what exactly you’ll learn in an MBA program. Of course, the curriculum will vary based on the school you attend, but overall, the programs are designed with the goals to prepare you to work in business, management, administration, and entrepreneurship. Some common courses include:
- Managerial Accounting
- Operations Research and Management
- Marketing Management
- Business Law and Ethics
Along with coursework, you’ll hone skills that will help you work more efficiently and be able to maximize time and manage teams.
The option for a part-time program will allow you to balance time between other aspects of your life without having to sacrifice getting your MBA. Regardless of where you choose to earn your part-time MBA, the degree will open up a variety of opportunities to help you excel in your career, or even start your own business!