Yes, part-time PhD programs really do exist. Universities realize that many folks have tight schedules nowadays. To accommodate such busy students, some universities offer the option of part-time enrollment in PhD courses online or on campus. The idea is you could work your way through any of these programs while simultaneously holding a steady job and living in residence.
Now, just because you are doing this doesn't mean you aren't also working or maintaining a secondary income. However, if you were going to do an extended Master's program like a PhD, then you would be spending four years getting a master's degree as well as doing extensive research and coursework. At the end of the day, the investment in your part time doctoral program will be worth it. Not only will you obtain your doctorate degree more quickly, but you will also be able to retain your full time job and apply it towards a higher level of salary and compensation down the road.
If you are thinking about part-time PHD programs, one of the first things you should look for is whether or not the university you choose has a medical university department. While some universities only offer a few departments, many universities have several departments dedicated to different areas such as pediatrics, nursing, and psychology for example. Many universities have been successful at developing departments around their various PHDs. In this way, they have made it possible for a university to offer a diverse set of graduate degrees at the same time. This is a tremendous advantage when selecting a university to attend with your part-time PHD.
Furthermore, while several universities have individual departments which focus on different areas of PHD, some larger universities also have departments in which you can complete your entire PHD part time. For example, while many PHD programs only require that you complete a Master's degree in order to be eligible to apply for a PHD, a few schools will allow you to complete a PHD with only a Bachelor's degree. If you are looking for a smaller, less competitive school, this might be a better option for you. On the other hand, if you want to complete your entire PHD in a more competitive setting such as a larger university, you may want to consider a university that allows you to complete your degree full time.
Another advantage of a part time PHD program is that it can allow you to increase the amount of time you spend working while still completing your graduate studies. If you had previously decided that you were going to pursue a Master's degree in a different field so that you could continue your education in the corporate world after your employment, you may have considered a Master's program. However, a part-time Master's program may be ideal because you will be able to complete your requirements in a much smaller time frame. Therefore, you will have more time to put your all into your Master's program and you will have more time to work and build your corporate job skills.
Even though a part time PHD program is not the same as a Master's program, it offers you a great amount of benefits, especially when you compare it with the traditional format of a Master's program. Part time programs allow you to . . . . . . increase the amount of time you can spend studying for your PHD. You will have more time to prepare for the various tests and you will be able to fit more classes into the course of a few months. In addition, if you are looking for a smaller competition for a corporate job, you may find that a part-time PHD program is exactly what you need to achieve your goals.