Want to get an MBA from a good school without giving up your job, moving to a new city or trekking to campus for classes several nights a week? According to The Wall Street Journal, new hybrid programs let MBA-seekers do just that. They’re a win-win, since the schools are looking to boost revenue during the recession while being convenient for students.

One example Babson College’s Fast Track M.B.A., a seven-year-old part-time program that blends a limited amount of on-campus time with a heavy online component, including live streaming video lectures. Students pay roughly the same amount as they would for a traditional full-time program, and also participate in quintessential group project work, which is done virtually via conference call or Skype.

But hybrid programs aren’t exactly the same as traditional ones; they often have less stringent admission standards, cut out elective courses, and offer students less access to professors and career services. Still, the programs are growing. Schools have reported that applications are up significantly in the past year. Duke University’s Cross Continent M.B.A, which is delivered 60% online, for example, saw a 50% increase in applications over last year for the class beginning in August.

According to MBA Podcaster, other schools that offer hybrid MBA programs include Penn State University and Carnegie Mellon’s Tepper School of Business.

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