Striking the Perfect Balance: Managing Work and MBA Studies

Being a full-time working professional already comes with a lot of responsibilities. Balancing work and personal obligations can make pursuing a graduate business degree, like a Master of Business Administration (MBA), seem like an overwhelming addition. It might help to know that you don’t have to balance a full-time MBA and a full-time job to get the benefits of both. 

Many universities now offer part-time and flexible online MBA programs designed specifically for busy adults who want to earn an MBA while working full-time. These programs provide accessible options for advancing your career and increasing your impact, without sacrificing your career.

Is it worth it to pursue an MBA while working?

Absolutely. Getting an MBA while working can be a valuable investment in your career advancement. 

One of the main advantages of a part-time or flexible MBA program is that you can continue earning a salary while studying. By keeping your job, you avoid the prospective lost wages that come with quitting a full-time job for a traditional full-time MBA program. This can help mitigate the financial burden of pursuing an MBA, especially when considering the cost of tuition and other expenses associated with full-time study.

Additionally, a part-time or flexible MBA program allows you to apply the knowledge and skills gained from your studies directly to your job in real time. This immediate application can deepen your understanding of the subject matter and enhance your ability to contribute to your organization.

How much does an MBA increase your salary?

Whether you’re a seasoned leader or still in the early stages of your career, research shows that professionals with a master's degree make more annually than those with only a bachelor's degree.

For MBAs specifically, the national average salary was approximately $115,000 in 2022, but opportunities to earn more exist — especially in top industries like consulting, finance and tech. Or, consider a move to California where MBA grads earn an average of $149,000. 

Average MBA Salary: Nationally vs California

The Best MBAs for Working Professionals

If keeping your job while you earn your degree is a top priority, part-time and flex MBA programs are often designed to accommodate working professionals. 

For example, here’s what you can expect from USD’s part-time and flex MBA programs:

Not all MBA programs are the same, so it's important to identify what you want in a program before investing your time and money. Here are some things to consider:

• Flexibility and Accessibility
  Look for a program with a flexible learning format, offering weekend or evening classes and possibly a hybrid online/in-person approach. This allows you to balance your academic and professional responsibilities.
  
  
• Experiential Learning Opportunities
  Choose an MBA program emphasizing hands-on learning through real-world projects, study abroad options, and networking resources. This will prepare you for the career you’re passionate about.
  
  
• Focus on Business-for-Good Mindset
  Find an MBA program prioritizing ethical leadership and sustainable business practices. Graduating from such a program equips you with the skills to make a positive impact.
  
  
• Professional Growth and Development
  Prioritize an MBA program that focuses on your professional development, ensuring you become an invaluable asset to any team and make a significant impact in your industry.
  
  
• Quality of Faculty and Resources
  Research the faculty teaching the part-time or flex MBA curriculum, as well as the learning opportunities, professional development, and alumni network available to you.

3 TIPS FOR GETTING AN MBA WHILE WORKING

If you're considering a part-time or flex MBA program, it's important to set yourself up for success. Even with programs designed for working professionals, you'll still need a plan to balance coursework with other commitments.

1. Hone your time management and organizational skills
   
   1. Effectively managing your time is crucial for balancing academic and professional responsibilities.
   2. Use organizational tools and establish study schedules.
      
      
2. Assess your schedule and make adjustments
   1. Evaluate your current schedule and make any necessary adjustments to accommodate coursework. 
   2. Take advantage of flexible work hours if available.
      
      
3. Communicate with employers, instructors, friends, and family 
   
   1. Seek support and communicate your needs with your employer, instructors, and loved ones.
   2. Establish boundaries and ask for help when needed. 
   3. Reward yourself to stay motivated.

EXPLORE OUR ETHICAL APPROACH TO LEADERSHIP WITH A FLEXIBLE MBA OR PART-TIME MBA FROM USD

Investing in your future while making a long-term impact is possible.

At the University of San Diego Knauss School of Business, we offer part-time and flexible MBA programs designed for working professionals and military-affiliated students. Our programs provide a perfect balance of academic rigor and flexibility to fit your busy schedule. With our emphasis on a business-for-good mindset, you'll gain not only business knowledge but also the skills to make a positive impact in your field. 

Get more guidance in your search for the right MBA program — take our MBA Quiz to find the perfect program for your goals and preferences.