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One-year MBA programs, often referred to as an acronym for MBA, have attracted interest from candidates who want to complete their MBA as quickly as possible. As European MBA programs (traditionally 1 year long) like INSEAD and LBS are rising up business school rankings, top US business schools like Duke Fuqua School of Business are starting to offer 1-year MBA programs to attract them. more people students
In this article, we will review 5 of the 10 best 1-year MBA programs in the US. Here is a brief overview of this article:
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Did you know that Indian students make up nearly 30% of all MBA applicants, but only 9% of the class at Harvard, Stanford, Wharton or other top business schools are Indians? So how do you increase your chances of getting into the best business schools? After analyzing the success stories of many such students in MBA admissions, we have come up with 5 best practices for Indian applicants to get admission in M7 schools: Advantages of 1 Year MBA Programs
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Although 1-year MBA programs have many advantages, graduates miss out on the opportunity to do a summer internship. Internships are often seen as a recruitment barometer and can be very helpful in securing full-time job offers. Another difference between European 1-year MBA programs and their American counterparts is that American business schools generally require an undergraduate business background or meet certain prerequisites. For example, the Kellogg 1-year MBA program requires completion of courses in the following areas by June enrollment:
Now that we know the benefits, let’s understand the factors to consider when evaluating whether a 1-year program is right for you. How to decide if a 1-year MBA program in the USA is right for you?
Below are the two most important factors to consider when evaluating whether a 1-year MBA program is right for you.
A 1-year MBA program may not be suitable for students looking to change industries or careers, as graduates miss the opportunity to do a summer internship. However, if you want to advance to a leadership position, build your undergraduate business background, and take advantage of the variety of electives the business school offers, a 1-year MBA is the way to go. According to Matthew Merrick, associate dean of MBA operations at Kellogg, “The 1-year option is more interesting if you are not using the MBA as a career change tool and want to stay in a similar or the same industry. Similarly, Elizabeth Resker, Babson’s associate director of graduate admissions, says, “The 1-year MBA program is structured for those with an undergraduate business background to use their existing academic foundation to complete an MBA in an accelerated format.” 1-year MBA. Programs: Application Deadlines 2020-2021
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If you are looking for application deadlines for a traditional 2-year MBA program, read this article. Class Profiles of Best 1-Year MBA Programs in USA Following are the class profiles of some of the best 1-year MBA programs offered by business schools in USA:
The Kellogg 1-Year MBA from June to June is one of the top-rated accelerated MBA options offered by a US business school. The program begins in the summer, allowing candidates to acclimate to rigorous academics before enrolling in the second year of the 2-year full-time MBA program in September. Curriculum and flexibility Due to pre-enrollment course requirements, Kellogg’s 1-year MBA program allows you to skip core classes and choose degree electives that fit your career goals. Students can choose from over 200 electives to tailor their MBA experience. Masterships and Pathways at Kellogg Kellogg 1-year MBA students can choose between 7 different majors and 6 different pathways. While a major provides the opportunity to build deep expertise in a specific business function, pathways are an integrated, cross-functional sequence of courses that focus on a specific skill set or industry. Kellogg offers a variety of methods:
Cornell’s one-year MBA program begins in the summer semester with a 10-week crash course in business principles and includes leadership training as well as a case competition. Cornell 1-year MBA students complete the Johnson Core in joint groups with students from the Cornell Tech MBA program. The core curriculum consists of courses in financial accounting, critical thinking, strategy and data analysis. Admission Requirements for the Accelerated Cornell One-Year MBA Program Applicants for the Accelerated Cornell One-Year MBA Program are required to have a professional certificate or advanced degree. Applicants must have completed an advanced degree or certificate by May 2020. Eligible certificates and advanced degrees include:
You can check your eligibility here Recent graduates of Cornell’s 1-year MBA program earned average starting salaries and signing bonuses of $122, $124, and $29,643, respectively. 33 companies participated in the hiring process for the 60-odd graduates of the Class of 2017. Duke Fuqua Accelerated MBA
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Duke Fuqua is the newest business school in the US to offer a 1-year MBA program. It is one of the largest classes of any US business school, with 395 students in the Class of 2021. The following degrees are considered prerequisites for Duke Fuqua’s accelerated MBA program:
Curriculum, Concentrations, and Certificates The Duke Fuqua Accelerated MBA calendar is divided into 5 major terms, beginning with a 4-week summer semester where students are required to take courses in entrepreneurship, leadership, and technology-based business transformation. The fall and spring semesters are divided into two equal 6-week halves. Students may choose up to 3 electives each semester in the fall semester along with required management communication courses. Students can choose up to 13 areas of concentration such as Strategy, Marketing, FinTech and Finance. A full list of concentrations can be found here. In addition to concentrations, students may choose to pursue a Certificate of Excellence in a specific field. The following certificates are available:
Like the other 1-year MBA programs listed in this article, the Notre Dame (Mendoza) Accelerated Program is targeted at undergraduates already majoring in business. Students enrolled in Notre Dame’s accelerated MBA programs bring an average of 5 years of work experience to the classroom. The program begins with an intensive 9-week summer semester, after which students join the second year of the 2-year MBA program. Curriculum and Signature Experiences The curriculum includes courses from business analytics to marketing management and financial accounting and focuses on developing complex problem-solving skills with integrity and team-based best practices. Some of the signature experiences included in Notre Dame’s one-year MBA program include:
Touted by USC Marshall as a 1-year international MBA for mid-career professionals, the I-BEAR program is an outlier compared to the other programs we’ve reviewed in this article. Program for Mid-Career Students The I-BEAR MBA brings an average of 11-12 years of work experience and an average age of 34-36 to the classroom. The majority (41%) of the I-Bear MBA class consists of candidates with science and engineering backgrounds. Candidates with experience in the customer service/CPG industry represent 36% of pre-MBA career industries. Global Business Education Focus The program aims to provide candidates with an immersive and experiential learning framework to develop business knowledge, tools and networks. Thus, the I-BEAR MBA program includes Global Business Consulting Projects (known as IBCP) as a key part of the MBA experience. To date, program participants have successfully completed hundreds of projects in different parts of the world. They have gained deep experience and extensive network of contacts in many countries, helping to achieve excellent results for participants and sponsoring organizations. More information about the I-BEAR MBA program can be found here. Best International 1-Year MBA Programs If location is not an obstacle and you are determined to pursue a 1-year MBA program for all its benefits, you should check out the following international 1-year MBA programs. We have collected all relevant class profile, jobs and salary data at one place for your easy reference.
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