One year MBA programs have their own advantages besides just the one year you end up saving. These include lower opportunity costs, more rigour, and the chance to more quickly get back to work, as just three. No wonder, the one year MBA has gained excellent traction across geographies over the last five years. In the US, most schools were slow to catch on to the trends, but their one year MBA programs now offer salaries, learning, and reputation that is at par with the two year options.
One year MBA programs in Europe, unlike similar programs in other regions of the world, are not a new phenomenon. Europe has been the pioneer and also the largest adopter of the one year MBA model. Traditionally, however, it has been known more for the top options that it has – INSEAD (France), LBS (UK), and IMD (Switzerland). Over the last decade, though, and increasingly over the last five years, a number of other programs have emerged as top contenders too.
One year MBA programs in Europe have distinct advantages over other similar programs elsewhere:
- These are the flagship MBA programs of the schools that offer them. INSEAD’s one year full time MBA is its premier program. IMD’s MBA program, ranked No.1 by FT MBA rankings on international placement success, has always been its flagship offering, just like the LBS MBA (which is a 15-21 month offering, slightly more than an year in its shortest format). This presents a distinct advantage to graduates in recruitments.
- European MBA programs, even in their one year formats, do not require any special conditions to be fulfilled beyond the normal entry requirements for admission.
This is unlike US one year programs, which, in most cases require applicants to have taken some courses in accounting, mathematics, and finance before they can apply. Most US schools offering the one year option also require additional coursework to have already been completed or a first degree in business. In this sense, the admission requirements between the 1Y and 2Y programs differ at US schools. Class sizes in US 1Y MBA programs tend to be small – most vary between 50 to 100, and tuitions are significantly below those for 2Y programs. Kellogg, Cornell, Emory and Marshall are some of the top schools in US offering one year MBA programs.
The one year MBA is a golden opportunity to get the same thing (read: an MBA) done in much less time. Most top one year MBA programs around the world have contact hours that rival or sometimes even match those offered by two-year MBA programs. No matter which side of the debate one stands on, there is no denying that the one year MBA is here to stay, will only get more popular with time, and is an option no serious MBA applicant can today afford to ignore.
One year MBA programs in Europe, unlike similar programs in other regions of the world, are not a new phenomenon. Europe has been the pioneer and also the largest adopter of the one year MBA model. Traditionally, however, it has been known more for the top options that it has – INSEAD (France), LBS (UK), and IMD (Switzerland). Over the last decade, though, and increasingly over the last five years, a number of other programs have emerged as top contenders too.
One year MBA programs in Europe have distinct advantages over other similar programs elsewhere:
- These are the flagship MBA programs of the schools that offer them. INSEAD’s one year full time MBA is its premier program. IMD’s MBA program, ranked No.1 by FT MBA rankings on international placement success, has always been its flagship offering, just like the LBS MBA (which is a 15-21 month offering, slightly more than an year in its shortest format). This presents a distinct advantage to graduates in recruitments.
- European MBA programs, even in their one year formats, do not require any special conditions to be fulfilled beyond the normal entry requirements for admission.
This is unlike US one year programs, which, in most cases require applicants to have taken some courses in accounting, mathematics, and finance before they can apply. Most US schools offering the one year option also require additional coursework to have already been completed or a first degree in business. In this sense, the admission requirements between the 1Y and 2Y programs differ at US schools. Class sizes in US 1Y MBA programs tend to be small – most vary between 50 to 100, and tuitions are significantly below those for 2Y programs. Kellogg, Cornell, Emory and Marshall are some of the top schools in US offering one year MBA programs.
The one year MBA is a golden opportunity to get the same thing (read: an MBA) done in much less time. Most top one year MBA programs around the world have contact hours that rival or sometimes even match those offered by two-year MBA programs. No matter which side of the debate one stands on, there is no denying that the one year MBA is here to stay, will only get more popular with time, and is an option no serious MBA applicant can today afford to ignore.