If you happen to’re already a number of years deep into your profession, there is no cause to spend two full years (and all that tuition cash) getting your MBA. At this time, a number of premium MBA applications provide an accelerated, one-year diploma format.
Accelerated MBAs aren’t only a fad, both: A 2023 Potential College students Survey by the Graduate Administration Admission Council (GMAC) discovered that the recognition of one-year MBA applications has surpassed conventional two-year MBA applications throughout the globe.
That is as a result of these speedy MBA applications value half as a lot, take half as lengthy, and meet your profession targets simply as successfully.
If you happen to’re aiming to safe the highest paying MBA jobs and expedite your profession development, discover our prime picks of accelerated one-year MBA applications beneath to reinforce your earnings potential.
Featured On-line Packages
Study begin dates, transferring credit, availability of economic help, and extra by contacting the schools beneath.
Why You Ought to Select a One-Yr MBA Program
An accelerated MBA is sweet for people who know what they need — whether or not that appears like climbing the profession ladder, breaking into a brand new business, beginning a enterprise, or competing for govt roles.
Listed here are 4 extra causes to decide on an accelerated program:
-
It Is Time Environment friendly
One-year MBA applications function on intensive schedules (normally assembly in the course of the summer season and over breaks) that cram as many programs as attainable into the least period of time. The tempo of studying is quick and targeted — many colleges suggest that you just keep away from working full time whereas a pupil.
-
It Is a Good Return on Funding
MBAs repay: North American MBA college students see a median 50% compensation hike after commencement. The much less money and time you spend in your MBA program, the faster you might even see a return in your funding.
-
It Presents a Marketable Credential
An MBA can dramatically increase your marketability as a candidate for high-level positions throughout industries: It imparts technical expertise, management coaching, and priceless expertise.
-
It Can Enrich Your Life
GMAC experiences that the primary motivator for college kids pursuing graduate administration schooling (like an MBA) is to counterpoint their lives and develop their potential. A one-year MBA can increase your information and fulfill your need for private development.
How one can Determine if a One-Yr Program is Proper for You
Accelerated MBA applications aren’t proper for everybody. They’re sometimes designed for enterprise professionals who have already got years of on-the-job coaching in enterprise.
That is why it is vital to select a program format that fits your expertise, profession targets, and studying model. These elements may also help you determine if a one-year MBA program is an efficient match for you.
| If… | Then… |
|---|---|
| You have already got vital work expertise | Sure |
| You wish to considerably pace up your profession development | Sure |
| You wish to pivot into a brand new function or business | Sure |
| You’ll be able to handle an intensive, targeted, and demanding studying expertise | Sure |
| You’ve gotten restricted work expertise | No |
| You are searching for a complete, foundation-building enterprise schooling | No |
| You wish to achieve expertise by means of an prolonged internship | No |
| You be taught higher at a relaxed tempo | No |
Featured On-line Packages
Study begin dates, transferring credit, availability of economic help, and extra by contacting the schools beneath.
Financing an Accelerated One-Yr MBA Program
One-year MBAs do value lower than conventional two-year applications – however they’re nonetheless a substantial funding. Happily, you’ll be able to entry many types of monetary help, together with:
- Benefit or need-based college scholarships
- Exterior scholarships for MBA college students
- Fellowships
- Assistantships
- Grants
- Federal or non-public loans
Additionally: Remember to look into employer reimbursement for a few of your schooling prices. A 2022 Worker Advantages Survey by the Society for Human Useful resource Administration (SHRM) discovered that just about 50% of employers provide tuition help as a profit — if the cash is there, you should definitely use it!
3 Well-liked Accelerated One-Yr MBA Packages
Emory College
Emory College is a non-public college in Atlanta, Georgia. A medium-sized college with outsized analysis funding, Emory is thought for having good assets, nice professors, and aggressive lecturers.
Goizueta Enterprise Faculty
Emory’s Goizueta Enterprise Faculty gives a few of the best-ranked MBA applications within the nation. Their accelerated one-year program — a “excessive octane 12 months” of intensive studying — offers college students the possibility to be taught enterprise idea after which apply it to real-world enterprise challenges.
Goizueta’s 1-year program is precisely 12 months lengthy. College students start with an immersive summer season time period that covers the core curriculum, then spend the subsequent two phrases zeroing in on their focus, working with shoppers, and even learning overseas.
The intensive, in-person program gives 20 concentrations and 90 elective programs.
Tuition and costs for a one-year MBA from Goizueta: $113,982
Emory’s One-Yr MBA Specializations
Accounting | Various Investments | Analytics | Enterprise Evaluation | Capital Markets | Consulting Technique | Company Finance | Range, Fairness, and Inclusion | Entrepreneurship | Finance | International Administration | Healthcare Consulting | Funding Banking | Management | Advertising | Advertising Analytics | Media & Leisure | Operations | Organizational Administration | Product & Model Administration | Actual Property | Social Enterprise | Know-how Administration
Making use of to Emory’s MBA Packages
- Submit a web based software
- Pay a $175 software payment
- Submit official check scores (GMAT, GRE, MCAT, LSAT accepted) or full a waiver
- If required, embrace an English Language Take a look at Rating from TOEFL, EILTS, or Duolingo
- Submit a one- or two-page resume/CV
- Embody all tutorial transcripts
- Full a minimum of two written essays and one video essay
- Submit two letters of advice
- Attend on-campus and digital interviews (by invitation)
Northwestern College
Northwestern College is a non-public analysis and educating establishment in Evanston, Illinois. The varsity is thought for rigorous lecturers, interdisciplinary analysis, innovation, and entrepreneurship. With solely a 7% acceptance price, NU is a aggressive college that boasts wonderful pupil outcomes.
Kellogg Faculty of Administration
Along with high-quality, experiential studying and world-class instructors, college students at Kellogg have entry to quite a few analysis facilities, visitor audio system, pupil organizations, and an enormous community of high-achieving skilled alumni.
Kellogg’s one-year MBA is a 12-month, June-to-June program supposed for college kids who have already got enterprise expertise and clear profession targets. This system is obtainable in particular person on the International Hub on the Kellogg Faculty of Administration.
In contrast to many one-year applications, Kellogg’s accelerated MBA enables you to forego core enterprise programs to be able to dig deep into concentrated electives to supercharge your private profession goals.
Tuition and costs for a one-year MBA from Kellogg: $124,326
Northwestern’s One-Yr MBA Specializations and Pathways
Accounting | Economics | Finance | Advertising | Operations | Technique | Managing Organizations Administration Science | Knowledge Analytics | Range, Fairness & Inclusion | Entrepreneurship | Progress & Scaling | Healthcare | Actual Property | Social Influence | Enterprise Capital & Non-public Fairness
Making use of to Northwestern College
Some earlier tutorial expertise is required for acceptance into an MBA program at Northwestern, together with coursework in economics, statistics, advertising, and operations.
- Submit a web based software
- Pay a $250 software payment
- Submit official check scores (GMAT, GMAT Focus, or GRE)
- Submit a resume/CV
- Embody all tutorial transcripts
- Full two written essays and a video essay
- Submit two letters of advice
- Attend a digital interview
College of Southern California
The College of Southern California is a big non-public analysis establishment in Los Angeles, California. It persistently ranks among the many prime faculties in the USA, and is thought for combining the tutorial freedom of a non-public college with the massive monetary assets typical of public universities. The varsity is dedicated to creating schooling reasonably priced and accessible, awarding $464 million in school-based help within the 2021-2022 tutorial 12 months.
USC Marshall Faculty of Enterprise
On the USC Marshall Faculty of Enterprise, you may discover each the gravitas of historical past and the joy of cutting-edge innovation. The century-old establishment has despatched a long time of proficient alumni all the world over to forge deep, abiding ties with native and world enterprise communities. Along with top-notch enterprise coaching, Marshall’s applications prioritize DEI, tech fluency, human management, and real-world studying.
Marshall gives a one-year Worldwide Enterprise and Training Analysis (IBEAR) MBA for college kids who’re mid-career professionals. College students full 56 graduate credit in six eight-week phrases.
The 12-month program additionally consists of skilled growth retreats, experiential studying journeys, and a capstone administration consulting mission.
Tuition and costs for a one-year MBA from USC: $139,222
USC’s One-Yr MBA Specializations
IBEAR college students can leverage their elective programs to concentrate on no matter space most closely fits their wants. They will additionally pursue further certificates applications in:
Enterprise Analytics | Monetary Evaluation and Valuation | Provide Chain Administration
Making use of to USC
- Submit a web based software
- Pay a $155 software payment
- Submit official check scores (GMAT, GRE) or full a check rating waiver
- Submit a resume/CV
- Embody all tutorial transcripts
- Embody TOEFL or IELTS scores (worldwide college students solely)
- Submit a passport photograph
- Full required essays
- Submit one letter of advice
- Attend a digital or in-person interview
Featured On-line Packages
Study begin dates, transferring credit, availability of economic help, and extra by contacting the schools beneath.
Frequent Questions About One-Yr MBA Packages
How do I apply to an accelerated MBA program?
Most accelerated MBA applications require:
- A graduate software
- GMAT or GRE scores, though some applications make these non-compulsory
- Letters of advice or contact info in your recommenders
- An essay, assertion of objective, or short-response essays
- Transcripts
- Utility payment
Is it good to get a one-year MBA?
A one-year MBA is nice if you’re ready to decide to an intensive studying schedule for 12-15 months. Mid-career professionals leverage the additional coaching and schooling into profitable management or administration positions.
What questions ought to I ask a couple of one-year MBA program?
Earlier than you select a one-year accelerated MBA program, there are just a few questions you’ll be able to ask:
- What’s the construction of the curriculum?
- Are there night, weekend, or on-line choices out there?
- Are there particular areas of specialization or focus out there?
- How are the programs delivered?
- How do college work together with college students?
- What assets can be found to me exterior of the classroom to assist my success?
- What profession companies and assets can be found?
- What are the most recent MBA pupil outcomes with regard to job placements and compensation?
- Are there scholarships, grants, fellowships, or different monetary help choices out there?
- What further bills and costs ought to I count on?
- What networking alternatives can be found?
Which nations have one-year MBA applications?
One-year MBA applications are gaining traction globally, based on GMAC. However they’re already extremely popular in the USA, Canada, China, Hong Kong, India, and all through Europe.
The put up Accelerated One-Yr MBA Packages appeared first on On-line MBA Packages | Discover the Greatest Colleges and Levels.
,
aforbes