One Year MBA vs Two Year MBA

Below are the two most significant elements to consider in judging if a one-year MBA program suits you:

• Career Goals
• Previous Undergraduate Experience

A one-year MBA program might not be the one for students seeking to make an industry or career change due to the lack of summer internship opportunities.

But, if you are keen to step into a leadership role, work upon your undergraduate business background and fetching advantage of the different electives that business school provides, then a 1-year MBA program suits you perfect.

If you’re not taking the help of an MBA to transform your career and are interested in remaining in a similar or the same industry, then the one-year MBA programs turn to be more fascinating.

Also Read – B-Schools In Europe Spice Up One Year MBA With Internship Opportunities

Let’s take a tour through the differences between a One-year MBA program and a two-year MBA in detail:

Career Growth

The fast-paced MBA is meant for those who have a clear picture of their future career goals and aspire to continue in the same industry or likely to return to their former job.

A one-year MBA is a tremendous alternative for professionals seeking to obtain the desired business skills from a prestigious brand within a short span.

This MBA is greatly recommended for entrepreneurs, and people already into an existing family business.

Also Read – How Is Life After Doing An MBA From IIM?

MBA Internship opportunity

One of the major differences between these two MBA programs is that with a one-year program, the summer internship opportunities are unavailable in most cases let alone in Cornell which provides a short two-week MBA internship.

Several companies hire students as interns. For those who wish to utilize their MBA internship to obtain knowledge of a wholly new industry, this golden opportunity would not be available.

Career Change

The one-year MBA program may not suit those who are willing to discover various career options and go into a completely unrelated arena (though many manage a career transformation as well) as it does not offer enough time and scope.

Also Read – LBS Tops Forbes Best B-schools 2-Year MBA Rankings for 7th Consecutive Year 

The MBA internship opportunity is not accessible to try and master your skills in a new sphere.

Pre-MBA Work Experience

The fast-paced MBA program demands a greater work experience, the average work experience remaining between 4 to 10 years depending upon the school, while a two-year MBA in the US requires much less experience.

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Academic Requirements for One Year MBA

Business schools expect candidates to poses advanced knowledge in quantitative fields or an undergraduate degree in business or economics to sustain with the fast-paced MBA program.

The criteria for qualifying may vary for each school.

Also Read – How To Beat Stress And Maintain Good Health During MBA Program

MBA Fee structure

The fees for a fast-paced one-year MBA program would be approximately 75% of that of a two-year MBA program, although you expected it to behalf.

Also, one may think of working part-time in a graduate assistantship role to earn some extra money and reduce the program fee, however, it is tough due to the nature of the program.

The actual cost benefit is in reducing the living expenses due to the shorter duration of the program and getting back to work quicker.

Also Read – Hundreds Of MBA Aspirants Meet Top B-Schools At ONEConnect 2017

Networking opportunity

The chance to network with students from previous and next batches is limited for a one-year MBA program.

Students pursuing a two-year MBA, in the first year, have the opportunity to interact with their seniors in the second year and with the juniors when promoted to the second year.

Hence, your network ranged across 3 different batches.

Also Read – Is The MBA On The Decline? 

Average MBA salary

Many people say that with a one-year MBA, you cannot expect a high salary, similar to that after a two-year MBA program.

However, when a good brand and higher experience and knowledge is combined in a candidate, it takes a fast-paced MBA program to yield a high salary.

MBA Class structure

Most of the b-schools, the fast-paced MBA programs start in the summer and when the summer quarter ends, students are merged with the second year of a two-year MBA program.

Also Read –

One Year MBA vs Two Year MBA vs 16 Month MBA: Which Is Better?

Drop in interest in two year MBA programmes globally

Application Volume for Two-Year MBAs Recovers

Branding Disaster: Eduniversal Ranks Indian 1 Year MBA Courses In Executive MBA Category, Media Equally Confused 

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