In Canada’s competitive job market, earning an MBA can be a smart way to boost your career, grow your professional network, and increase your earning potential. With a starting salary of CAD 79,696 per annum, which goes up to CAD 136,275 with experience, MBA graduates command impressive wages in Canada’s dynamic marketplace.
However, a critical decision for MBA hopefuls is choosing a full-time vs part-time MBA program. Both options have benefits and challenges, and you can choose one depending on your career plans, work schedule, and personal commitments. This guide will break down the key differences to help you choose the right path.
A Closer Look at Full-time and Part-time MBA Programs
Full-time and part-time MBA programs are similar, offering the same quality of education and degree. However, the key distinction lies in the time commitment and availability. You need more time each week with full-time MBA programs, while part-time programs are flexible and spread out over a more extended period.
What is a Full-time MBA?
The full-time MBA programs typically suit students and entry-level professionals who want to make career transitions. Candidates can enroll for the two-year MBA course and attend regular classes at the campus during weekdays. Since these are in-person programs, students living away from the university campus must relocate to its vicinity to be able to participate completely. The two-year full-time MBA generally comprises four semesters followed by a mandatory internship.
What is a Part-time MBA?
Part-time MBA programs are crafted especially for working professionals and busy students who want to study while continuing their full-time jobs or other commitments. To suit the requirements of these individuals, part-time classes are usually conducted in the evenings or on weekends. Professionals can enroll in these programs to grow in their careers. These flexible programs allow students to reduce their course burden if required to manage the program better at their own pace.
Also Read: One-Year vs. Two-Year Online MBA in Canada
Compare Key Factors that Differentiate Full and Part-time MBA Programs
Choosing between a full-time and part-time MBA depends on your career stage, time availability, and professional goals. Here’s a comparison of key factors that differentiate the two:
| Key Factors | Full-time MBA | Part-time MBA |
| Type | Degree | Degree |
| Duration | 18–24 months | 18–24 months or beyond |
| Eligibility | A three-year bachelor’s degree with a minimum GPA per university/college requirements.
Candidates must qualify the entrance. | A bachelor’s degree and a minimum GPA.
You may or may not need to clear an entrance. |
| Fees | – Vary as per business school. – Comparatively higher than part-time MBA programs. | – Vary as per school. – Relatively less costly compared to full-time MBA programs. |
| Schedule | Comprises four semesters; conducted in a structured manner per academic calendar. | Allows a flexible schedule for learners to study at their own pace. |
| Flexibility | Not too flexible.
Candidates must attend full-time classes on the university campus. | Allows working professionals the utmost flexibility to balance studies and jobs. |
| Can you earn during the program? | No | Yes |
| Work Experience | Most universities ask for 2–3 years of work experience. | Requires 8+ years of work experience. |
| Career Impact | High career impact with faster progression through networking channels. | Learners can apply their newly acquired skills at their current workplace to enhance positions and apply for leadership opportunities. |
Also Read: MBA Admission Requirements: How to Get Into a Top Online MBA Program in Canada
Part-time vs Full-time MBA: Which One Fits Your Goals Best?
Choosing between a full-time and part-time MBA depends on your career plans, commitments, and preferences for learning and growing professionally. Hence, it requires weighing each option well.
- Career goals and timeline: A full-time MBA is ideal if you are a fresh graduate or entry-level professional looking to switch industries or accelerate growth. However, individuals willing to continue their current roles and seeking steady progress in their present companies can opt for part-time MBAs.
- Personal commitments and financial situation: If you have personal commitments, like a family business, you can join a part-time MBA program to balance work and other responsibilities.
- Learning style and preferences: Full-time MBA programs present an immersive, classroom-based experience. Hence, a full-time MBA should be your call if you prefer in-person learning with peer interactions. Part-time MBA will suit you if you value flexibility and hands-on application alongside your job.
Also Read: Is an Online MBA Worth It for Professionals in Canada?
How can upGrad help?
Choosing between a full-time or part-time MBA is a personal choice based on cost, preferred learning mode, and career goals. upGrad empowers professionals with globally distinguished online and the best part-time MBA programs delivered under the guidance of expert mentorship in flexible learning formats to fit any lifestyle. You can join the bandwagon of thousands of professionals across Canada seeking to accelerate their careers with online MBAs.
Here are some relevant MBA programs offered by upGrad to explore!
- MBA from O.P. Jindal Global University
- MBA from Golden Gate University
- Dual MBA and DBA from Edgewood College
- DBA from Golden Gate University
🎓 Explore Our Top-Rated Courses in Canada
Take the next step in your career with industry-relevant online courses designed for working professionals in Canada.
FAQs On Full-time vs. Part-time MBA in Canada
Q: Is a part-time MBA less valuable than a full-time MBA in Canada?
Ans: Both formats, part-time and full-time, offer comparable academic value and accreditation. The difference lies in the delivery mode, flexibility, and timeline, and not in the prestige of the degree.
Q: Can I work while doing a full-time MBA in Canada?
Ans: Managing work responsibilities along with a full-time MBA program is challenging and demands significant time. Thus, many students focus solely on studies or work only part-time. Moreover, full-time workers can pursue part-time or online MBA programs to fulfill both responsibilities efficiently.
Q: Are scholarships available for part-time MBA programs in Canada?
Ans: Scholarships and funding options are more available in full-time MBA programs than part-time MBAs. However, some part-time programs offer scholarships, employer sponsorships, or financial aid for working professionals.
Q: Which MBA type is better for international students in Canada?
Ans: If you are a student pursuing education with a part-time job, you can enroll in full-time MBA programs in Canada. However, part-time online MBA programs are better suited for working professionals or busy students.
Q: What factors should I consider before choosing between a full-time and part-time MBA?
Ans: Key factors to consider are current job status, career goals, financial resources, time availability for study, preferred pace of learning, and long-term professional plans.
Q: Is it worth joining a part-time MBA program?
Ans: A part-time MBA is worthwhile for working professionals who want to upskill without pausing their careers. It offers flexibility, practical learning, and long-term career benefits while allowing you to earn.
