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One-year programs are dramatically different from their
two-year
counterparts. They usually have very strict prerequisites for either work
background or academic training.
Program length is typically 11 to 16 months.
The program is shortened by:
- Reducing the time in core classes, or
- Limiting opportunities to specialize
In addition:
- Students do not work full-time; school is considered the first priority.
- Relocation may be required to attend a one-year program that meets your
specific needs.
One-Year, Full-Time Advantages
One-year programs offer several advantages, particularly
for career enhancers (who wish to continue in the same job function or industry
but at a higher level). These advantages include the following:
- A very specialized program can make full use of your current career or
industry specialty and save you time in completing an MBA.
- You may be able to customize your course work through electives and
concentrations, if the program reduces core curriculum requirements rather
than elective content in order to decrease the duration of the program.
Other advantages include the following:
- The environment encourages learning far beyond classroom instruction.
- The spirit of competition and program intensity tend to be high.
- Full-time exposure helps to develop a cohesive network of MBA colleagues
in your chosen field.
- A full immersion learning experience includes career services (such as
campus interviews), social and professional clubs (often across areas of
industry and functional preference), executive speakers' series, career
counseling, and other "campus life" services.
One-Year, Full-Time Limitations
A one-year MBA program does present some limitations you
should consider.
- Internship opportunities are limited because there are no extended
breaks between semesters, which could especially hurt career switchers.
- Some employers who require an MBA for career advancement may not
consider a one-year program a favorable option for earning the degree. You
should be sure your post-MBA employer will be supportive before you choose
this type of program.
Scholarships and Financial Aid
- Scholarship money may be available (get information from specific
schools).
- Loan money is available for eligible full-time students.
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