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IN DEPTH: EDUCATION & CORPORATE TRAINING

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From the July 1, 2005 print edition

More part-time MBAers reaping immediate benefits

Tania Anderson

Washington (D.C.) Business Journal

When the economy goes down, enrollments go up.

 

 

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But does getting that MBA on the weekends really do all that much for your career?

The opinion in the business world and among academics is that it doesn't matter so much how you earn your MBA as where you get it.

Enter the so-called "executive" MBA program.

The number of applicants for executive MBA programs, which are designed for people who work full time, went up 45 percent between the 2002-03 and the 2003-04 academic years, according to the Graduate Management Admission Council, a nonprofit education association based in McLean, Va. All part-time MBA programs saw an increase of 27 percent in the same period. Only 24 percent of MBA students are full-time students.

While part-timers and full-timers are working toward the same degree, they aren't always working toward the same long-term goals. Part-time students usually are looking to advance in their current jobs or in the industry. Full-time students generally want to leave their current jobs and possibly the industry altogether. That's why most drop out of the job market while they're in the MBA program.

The biggest benefit to a part-time MBA program is that the skills learned in the classroom can be used today.

"They can put into practice immediately what they're learning in school on the weekends or evenings, whereas full-time students have to wait until they graduate," says Cherie Scricca, associate dean of master's programs and career services at the University of Maryland's Robert H. Smith School of Business.

Work versus beer: Anthony Lewis, president of Verizon Washington, spent three years studying for his MBA at night and on the weekends at Johns Hopkins University's School of Professional Studies in Business and Education. He says going to night and weekend school forced him to be more focused at work and helped him expand his capacity for learning.

"I could be given a project and talk about that project with peers and think about practical applications to business," Lewis says. "I would not have done as well just sitting at the desk for two years and then going back to work."

Because part-time programs tend to draw working professionals, classroom discussions are more enriching, according to Ruthe Brown, Northern Virginia campus director for the University of Phoenix.

"In full-time classroom programs, more comes from textbooks and the experiences of a very small number of people in the class," she says.

 

IN DEPTH: EDUCATION & CORPORATE TRAINING


Still, some say taking classes at night or on the weekend misses the point of going to college.

 

 

 

"Part of the cult of the MBA is you go to school from 8 a.m. until midnight," says David Nelson, president of the Graduate Management Admission Council. "You work together, you study together, you drink beer together."

Another common drawback to night and weekend education is time. Part-time programs take one or two years longer than the full-time programs. But Nelson thinks part-time programs will continue to grow as people are less inclined to job hop than they were during stronger economic times. "We are seeing a greater conservatism and stability in people moving from job to job and will see growth in the number of people increasing their qualifications," he says.

Sac State joins the fray: Last month California State University Sacramento said it will offer an Executive Masters in Business Administration program starting with the 2005-2006 academic year, allowing professionals to earn an advanced degree in 15 months.

"Our vision is to provide the region's next generation of senior executives," says Sanjay Varshney, dean of the CSUS College of Business Administration, in a prepared statement. "When you look at how the Sacramento region has evolved in the last 10 to 15 years, you realize how dynamic Sacramento's growth as a business center has been and what great potential can be realized in the years to come."

The degree program allows students to complete 12 courses in 12 months of class work on Friday evenings and Saturdays, finishing within 15 months. The program would meet for six eight-week sessions of two courses each, meeting 10 hours a week with two weeks on and one week off for research and independent study.

CSUS business administration faculty would teach the courses, as would local business executives and professionals, assisted by guest lecturers. Students would be clustered together in a group that starts and finishes together to foster camaraderie and professional relationships.

The classes will be taught on the Intel campus in Folsom and at PRIDE Industries Inc. in Roseville.

Admission will be based on applicants' professional experience, academic qualifications, relevant criteria such as community involvement and professional activities, and a personal interview. Candidates must have a baccalaureate degree from an accredited institution; at least three years' professional work experience is preferred.

The program cost for 2005-2006 is $25,000, which includes textbooks, course materials, supplies and meals.


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