Economic downturn sets new stage

Students typically do MBAs full-time when they are straight out of college, or part-time if they are already advanced in their careers. But in times of recession, this dynamic can change.

For younger students, a full-time MBA is often the only option. Hong Kong's institutions will only accept part-time students if they have five or more years of relevant management experience.

Part-time study is ideal for those with experience who wish to expand it. It takes longer, but the benefits are likely to filter through in a more tangible way, as the theoretical aspects of the course meld with the student's ongoing work experiences.

But in an environment of recession and redundancy, should ambitious - or even plain apprehensive - managers look to make a positive out of the downturn by signing up to a full-time postgraduate commitment?

Kathleen Slaughter, associate dean for Asia at the Richard Ivey School of Business in Hong Kong said: 'Someone who is made redundant has an opportunity to assess his or her career options and long-term interests. It can mean starting a new business venture, changing industries or relocating. All of these mean looking at all options including postgraduate programmes.'

Individuals with two to five years of working experience should consider full-time programmes. These had excellent career services and strong alumni networks, she said.