Philadelphia or Boston? Where’s the Best Place to Earn a Part-Time MBA
If you are interested in pursuing a degree in a diverse East Coast city, want to be surrounded by history and culture, and still immerse yourself in growing business community, two main cities come to mind: Philadelphia and Boston.
Both cities are at the center of U.S. history, and continue to be some of its largest centers of commerce and academia, with numerous opportunities to put its stellar education to work.
Surrounded by so many possibilities for professional development, an MBA student in a city like Philadelphia or Boston may not want to put their career and income on hold to pursue a full-time degree.
Thankfully, many of the business schools in Philadelphia and Boston offer part-time MBA programs, allowing students more flexibility as they kick off their careers in these exciting cities. But how to decide which one? We’ll take a look at some of the top part-time MBA programs in each metro to help you choose the right city for you.
Location
Once the capital of the United States, Philadelphia has never stopped being a center of both business and history since the time it played host to the country’s founding fathers. Home to some of the oldest and best universities in the country, Philadelphia has experienced a renaissance in recent years as young talent has become priced out of more expensive metros like New York City and Washington DC. The cost of living in Philadelphia remains fairly low, while the ever-growing business scene in the city offers the opportunity for high earning potential. This year, 14 Philadelphia-area companies made the Fortune 500 list.
Like Philadelphia, Boston has been a center of commerce and trade since the days of the Boston Tea Party. Today, the city is home to nine Fortune 500 companies, including major established firms like GE (13th on the Fortune 500 list) and newer but thriving businesses like Wayfair. However, Boston has a much higher cost of living than Philadelphia. The city currently ranks as the third most expensive city in the country.
Programs
Between the Wharton School of Business and the Harvard Business School, Philadelphia and Boston offer two of the most highly regarded MBA programs in the country. However, both of these schools only offer full-time MBA programs. Students looking for more flexibility in their schedules still have a number of stellar programs to choose from.
Most of the part-time MBA programs in the Philadelphia metro work on a hybrid structure, allowing students to take a combination of classes both online and in person. Many programs also offer students the chance to select majors or concentrations in which to specialize their business education. With a variety of possible concentrations at some of the most highly-ranked part-time programs in the country, students from these programs have gone on to find employment at major firms like DuPont, KPMG, and JPMorgan Chase.
Part-Time MBA Programs in Philadelphia Include
- Lehigh University College of Business and Economics
- Fox School of Business – Temple University
- La Salle University
- LeBow College of Business – Drexel University
- Lerner College – University of Delaware
- Rohrer College of Business – Rowan University
- Rutgers School of Business, Camden
- Villanova School of Business
- West Chester University
Like Philadelphia, Boston’s part-time MBA programs offer more flexibility for students to complete their degree on their own time. Most courses are offered in the evening or on weekends, and can be taken over the course of just two years or up to seven. Programs like the MBA at D’Amore-McKim also give students the opportunity to concentrate in fields such as Corporate Finance, Corporate Renewal, Entrepreneurship, and more.
Part-Time MBA Programs in Boston Include
- Carroll School of Management – Boston College
- D’Amore-McKim School of Business – Northeastern University
- F.W. Olin Graduate School of Business – Babson College
- Questrom School of Business – Boston University
- Sawyer Business School – Suffolk University
- Simmons School of Management
Cost
The tuition costs can vary from program to program, and can also be cheaper if the part-time program is competed online. On average, programs in the Philadelphia metro area can range from $45,000-$65,000 for the degree. The range of costs in Boston can be slightly higher, with some students spending up to $95,000 over the course of their degree.
Jobs
Although the cost of an MBA in Boston may be slightly higher than Philadelphia, the difference in average salary between the two cities may even out concerns of cost. In Boston, the average salary for someone with an MBA degree in a field like finance is $112,000, whereas in Philadelphia it is only around $90,000 per year.
Lerner Research: Analysts With Industry Experience Make Better Fraud Watchers
Fei Xie, a researcher from University of Delaware’s Lerner College recently co-authored a study that indicated that analysts with industry experience make better watchdogs for CEO’s.
The Complete Guide to Philadelphia Accelerated MBAs
Earning an MBA takes many levels of commitment. Of course there’s the financial commitment, and for some there’s still a work commitment. There’s also a large time commitment involved—going to class, extensive immersion-style courses, case competitions and so much more adds up to a ton of time. Continue reading…
University of Delaware Announces Judges for Startup Funding Competition
The final round of Hen Hatch, the University of Delaware’s startup funding competition, will take place from 5 to 9 p.m. on April 25. The competition will be held in Wilmington, Delaware, at the World Cafe Live at the Queen. UD has compiled a group of innovators and industry leaders to judge the competition, in which winners stand to receive $100,000 in cash and in-kind services.
Lerner Alumnus Named AACSB Influential Leader
Lerner College of Business alumnus Thomas Pike has been recognized as one of AACSB’s Influential Leaders. Pikes one of the first 100 influential leaders recognized by AACSB. The group of selected individuals are from a variety of backgrounds but all share qualities that exemplify their roles as a visionary figure in the business community. Pike currently serves as the CEO of one of the largest pharmaceutical outsourcing services companies in the country, Quintiles.
This year’s group of AACSB Influential Leaders list includes professionals from more than 20 different industries and sectors including healthcare, non-profits and consumer products from 21 different countries. Individuals on this list were nominated by their alma-mater to recognize their outstanding efforts to produce a positive change in the world. The recognition was created to showcase the benefits of studying business at an AACSB-accredited institution and how business school graduates can generate positive outcomes for society.
Lerner Welcomes Bloomberg Professionals for Panel Discussion
The University of Delaware’s Lerner College of Business will welcome leading professionals from Bloomberg for a panel discussion on May 12. The event is titled “The Path to Industry Success.” The panel will be hosted by UD’s Alfred Lerner College of Business and Economics in partnership with Bloomberg. The panel will be moderated by UD undergraduate student Rebecca Leisher, who is a junior studying business administration and economics.
The panel discussion will be held from 2:30 to 4 p.m. in the Louise and David Roselle Center for the Arts’ Gore Recital Hall at the University of Delaware campus. The discussion panelists include,