mainhoon
thanks avern. UT has a houston program, among its many options so I was looking into that. I guess they offer a variety of part time options, but the difference in their parttime rankings was a little surprising..
Also consider this: the part-time UT program in Houston is completely fixed. Everyone takes the same classes regardless, and there are no majors/concentrations. Also, it is difficult to get involved with extracurriculars at a school that is housed in a hotel.
With the Rice part-time MBA, you can take electives. You also have access to the full time's clubs and events. The ENHANCE program through the part-time Texas program at Houston seems inferior to its full-time experiential learning program. At the Rice part-time, I assume you would have access to the same experiential learning (I think its called immersion) programs that the the full-time student do.
Disclosure: I live in Houston and researched both programs thoroughly. In the end, I decided full-time Texas was a far superior option for me. Of course, your case is unique. If you really want to go part-time and switch careers, then pursue the Rice MBA. If you want to use the part-time MBA to move up within your current field, shoot for the Texas MBA at Houston. Money doesn't make a difference for part-timers because the costs are the same and neither programs offer scholarships.