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Is a part-time MBA worth it?
Yes, a part-time MBA can be worth it. When considering a part-time MBA, you should look into whether or not the costs associated with it eventually lead you to positions or financial gains, such as raises, that help you to have a return on your investment. If you are in a position or field where an MBA would not be helpful, it may not be worth it for you.
Getting your MBA while going to school part-time can be extremely beneficial, especially for people who are already in a career and are looking for advancements. The flexibility of a part-time program allows you to continue working at your position and earning money, which is often necessary for many people to continue being able to pay their bills.
On average, people with MBAs earn almost twice the salaries of people in similar positions who do not hold MBAs. 97% of companies hire people who hold MBAs and a recent study showed that 90% of MBA graduates see strong career advancement and financial gains within 10 years of graduating from their programs.
Earning an MBA takes a lot of effort and hard work. If you do not have a ton of time to commit to studying and working towards an MBA, this may not be a good fit for you. But, if you are able to handle the workload, this can be a great idea to help your career.
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