Since time is money, the length of a program can be a deciding factor for an MBA program. We have collected a list of the best and fastest MBA programs. Each MBA in this ranking can be completed in one year or less. The accelerated timeline of a top 1-year MBA program allows graduates to reap the rewards of a campus-based MBA at the quickest pace. But students should not have to sacrifice time for quality. Therefore, we have compiled a comprehensive list of the most elite 1-Year MBA programs in the nation.
1-Year MBA Programs
Graduate students desiring to challenge themselves with a high-quality MBA curriculum that delivers rigorous coursework in business and management functions would do well to consider an on-campus 1-Year MBA program from one of the nation’s best business schools. On-campus MBA students learn from some of the world’s top business school instructors who are leaders in their business fields.
1-year MBA graduate students also benefit from a core curriculum delivering real-world case studies, simulations, and projects. When asked what they preferred within their on-campus program, some MBA students cite the chance to learn from leadership opportunities and professional development. Savvy business school students interested in a one-year degree do well to leverage a business school’s extensive alumni network and global reputation for future ventures. There has never been a better time than now to consider a one-year on-campus MBA. Here are some of the bestin the nation.
Our 2020 ranking of the best 1-Year MBA programs is a consensus ranking of campus-based MBA programs that can be completed in one year or less. We combined information from five leading MBA ranking systems: Bloomberg Businessweek, U.S. News and World Report, The Economist, The Financial Times, and Forbes. Each program’s ranking was converted to a score on a 100-point scale, weighted equally, and then averaged to reveal a Consensus Score.
Northwestern UniversityKellogg School of Management
Northwestern University delivers an excellent campus-based, 1-year MBA at the Kellogg School of Management. This noteworthy MBA is the fastest path to a coveted Kellogg MBA. It has been designed to build upon graduate students’ business fundamentals and get them back in the workforce with new knowledge and skills that will propel their careers forward. Over one calendar year (from June to June), on-campus students immerse themselves in a rigorous curriculum, learn from world-class instructors, and build leadership experience through a supportive network that helps them immediately and throughout their careers. This was one of the first one-year MBA degrees in the nation. The business school has seen over 3,500 graduates go on to make indelible marks on business across the globe. Many business school alumni now lead some of the most notable organizations in the world. While most one-year programs condense two years’ worth of curriculum into one, this degree builds on the graduate student’s experience and gives her the option of bypassing core classes.
Massachusetts Institute of TechnologySloan School of Management
Massachusetts Institute of Technology delivers one of the nation’s best 1-year MBA programs at the Sloan School of Management. This one-year, full-time MBA program attracts an international population of high-functioning, mid-career leaders eager to discover new ways to practice invention and action. Within this intense and immersive twelve-month program, graduate students will study alongside over 100 talented, high-potential business leaders ascending in their careers. Graduate students are encouraged to learn, collaborate, and create with a cohort that spans oceans and industries. Business school leaders are in the business of presenting students with challenging ideas that respect and speak into business school students’ vision and expertise. Graduates of this program are armed with critical tools for their future, including a global network ready to support their first step and every step that follows. Enrolled students enjoy weekly classroom discoveries that deepen their understanding of management. MIT Sloan’s MBA program is a change-the-world toolkit.
Cornell UniversitySC Johnson College of Business
The SC Johnson College of Business at Cornell University offers a one-year MBA. This stellar degree is best characterized as an accelerated MBA that carries with it immediate impact for the professional in business leadership. When enrolled students make a one-year investment in their careers, they’ll see the results instantly. The combination of student leadership opportunities, a STEM-designation path, a flexible curriculum, a tight-knit community, and course options in NYC and Ithaca give on-campus students all the benefits needed fast-track their career trajectory. In just 12 months, enrolled students will be on their way to career advancement with this exemplary Ivy League MBA. Most importantly, graduate students will enjoy the benefits of an on-campus MBA program in Ithaca. Johnson’s STEM-designated, one-year MBA in Ithaca provides a sequenced and flexible curriculum. It includes the option to attend class at Cornell Tech in New York City. Graduate students learn foundational business principles and gain skills related to the industry that works for their career advancement as they choose electives.
Duke UniversityFuqua School of Business
A 1-year MBA is featured at Duke University’s Fuqua School of Business. In less than twelve months, this Accelerated Daytime MBA program builds on graduate students’ prior knowledge to develop into new kinds of leaders. Having already earned their master’s degree in management at Fuqua, qualified applicants will skip the business fundamentals and immerse themselves in the electives and experiential educational opportunities that support their unique goals. Learning alongside a diverse team, enrolled on-campus students develop a new way of working that encourages others’ ability and knowledge, helping everyone become the leaders who can inspire enterprises to do better while doing the best. Graduate students enrolled in this one-year program are encouraged to design their MBA. The program’s unique curriculum enables students to choose from over 100 elective courses. Fuqua School of Business students are encouraged to broaden their expertise across multiple topics or deepen their knowledge within a specific industry function.
New York UniversityLeonard N. Stern School of Business
The Leonard N. Stern School of Business at New York University provides an exemplary one-year on-campus MBA. This one-year degree has been established at the Intersection of Technology and Business. The curriculum is designed for graduate students with a passion for technology. This Andre Koo Tech MBA equips on-campus graduate students pursuing careers in the industry with business tools. A specialized format of core and elective courses complement the program’s built-in immersive opportunities. On-campus students can graduate as technology experts with exposure to coursework and experiential learning infused into the 52-credit curriculum. This MBA program combines a lock-step core with convenience and flexibility, so students choose electives and enjoy the duration of courses from May to May. The curriculum features the four major components of the Business Core, the Technology Core. Graduate students also study the fundamental techniques and principles of mining data and examine real-world cases to place data-mining techniques in context.
University of Southern CaliforniaMarshall School of Business
One of the nation’s best one year MBA degrees is available at the Marshall School of Business at the University of Southern California. This twelve-month program at USC’s Campus in Los Angeles allows students to earn a coveted USC Marshall MBA degree. Program architects have designed the MBA for mid-career professionals pursuing global leadership positions. Graduate students will learn in a class size of nearly 60 diverse and globally-focused colleagues. The average age of participants within this one-year program is 34-36. The business school provides a dedicated career development advisor for program participants. Mid-career professionals are equipped with individualized career development plans. Graduate students seeking a global perspective will enjoy the program’s international travel for business networking forums and management consulting projects. Students also receive frequent networking opportunities from senior professionals and alumni within multiple industries. Marshall School of Business students participate in a four-month client commissioned International Business Consulting Project and a ten-day International Experiential Learning Program adventure.
University of WashingtonMichael G. Foster School of Business
An exemplary one-year MBA is offered at the University of Washington’s Michael G. Foster School of Business. This exemplary one-year MBA is for graduate students possessing strong international experience and an internal drive to make a difference within their organizations. Participants expand their skills and knowledge with organizational leadership skills to figure out complex business issues and grow as future executives. Highlights of this program include a curriculum that is optimized for global participants. The accelerated pace of the degree allows for a one-year completion. Program architects have included engaging ways for on-campus students to learn, including in-class lectures, visits to area companies, case studies, interactive classroom experiences, and executive speakers. Graduate students will appreciate the program’s advanced courses covering numerous topics like global strategy, management, cross-cultural communications, operations, finance, and leadership. Business school leaders have made room for students to participate in a personal MBA that fosters individual attention, champions teamwork, and empowers graduate students to participate in a top-notch MBA experience actively.
Emory UniversityGoizueta Business School
A 1-year MBA is currently available at the Goizueta Business School at Emory University. The Goizueta One-Year MBA stresses business theory and encourages on-campus graduate students to act on it immediately. Enrolled students will work with real-world clients and colleagues to solve real business issues, study international business, become a leadership expert, and learn from the world’s most advanced business minds. By the end of their on-campus program, enrolled students will be ready to take on whatever the complex business world throws at them. At Goizueta, graduate students get the best of everything. With a five to one student-to-teacher ratio, one-year MBA students get to know their professors and classmates and access all that Atlanta has to offer. One of the business world’s best-kept secrets is that Atlanta is a global business city featuring many Fortune 500 companies. Students in this program work on projects with real business clients, take immersive international experience trips, and experience hands-on leadership training.
University of Notre DameMendoza College of Business
The Mendoza College of Business at the University of Notre Dame offers a 1-year MBA. This MBA is an accelerated degree for professionals already building a career in business. This intense and engaging year at Notre Dame will build upon a graduate student’s education and prepare him to ask more of business and himself. Most graduate students who enroll in this 1-Year MBA enter the program with a business education background and are looking to accelerate their careers already in progress. They will typically bring five or more years of experience and unique perspectives that enrich the classroom experience. Men and women from rich and diverse ethnic and cultural backgrounds are welcomed into this program at Notre Dame. Business school leaders understand that pushing pause on a promising business career can be the most strategic move a professional can make. Instructors desire to help students build an ethical foundation for business decision-making while enhancing their long-term prospects. Enrolled students will be part of a close-knit group within the broader MBA community at Notre Dame.
University of FloridaWarrington College of Business
The University of Florida offers a one-year on-campus MBA at the Warrington College of Business (Hough). This degree’s twelve-month accelerated format is ideal for graduate students from an array of academic backgrounds. Students with focused career goals interested in targeting a competitive graduate business program while minimizing costs will want to look into this degree. The business school features are no business prerequisites required for enrollment. The one-year curriculum is front-loaded with required business courses taught by Warrington College of Business esteemed faculty members. Rigorous and challenging coursework is matched with a supportive staff that will ensure students receive a high-quality education. Graduate students in this program will enjoy proficiency in specialized areas of concentration that will give them an advantage during their MBA career search. One-year students are granted access to all UF MBA resources, including leadership positions, Business Career Services, extracurricular activities, and national career fair opportunities. On-campus students will complete ten of 16 core courses during the summer terms and then meet nine electives’ remaining requirements during the fall and spring modules.
University of PittsburghCollege of Business Administration and Joseph M. Katz Graduate School of Business
The College of Business Administration at the University of Pittsburgh provides on-campus MBA students can complete in just one year. Katz leaders give a substantial, wide-based foundation in business leadership fundamentals while empowering graduate students to tailor their programs to build on their unique goals and strengths. This One-Year MBA is designed as a full-time, 11-month program. Students choose from six specializations and can supplement their degree with a Katz certificate in nine highly in-demand functional areas including Finance, Management Information Systems, Marketing, Operations, Organizational Behavior and Human Resources Management, and Strategy. The College of Business Administration offers the most adaptable, future-centered MBA degree ever created. On-campus graduate students develop a highly marketable and focused skill set to compete in tomorrow’s complex business environment. The University of Pittsburgh provides a robust and wide-based education in business fundamentals and empowers students to tailor a program that serves them well.
Southern Methodist UniversityCox School of Business
The Cox School of Business at Southern Methodist University currently features one of the nation’s best 1-year MBA programs. Today, many working professionals are headed for success in their current careers, but they want to get there faster. This full-time, 12-month program is the One-Year MBA at SMU Cox. It has been tailored for early-career professionals looking for a rigorous, personalized advanced degree in an intimate small-class setting. On-campus students learn in small classes from a respected and award-winning faculty who practice “open door” leadership. Enrolled students can connect with MBA students from all over and dynamic business leaders in Dallas’s Fortune 500 companies. This curriculum allows graduate students to gain the skills, confidence, and global alumni connections they need to take their careers to the next level. This One-Year MBA at SMU Cox builds on students’ knowledge and skills, giving them the benefits of a two-year program in half the time.
Arizona State UniversityW.P. Carey School of Business
The W.P. Carey School of Business at Arizona State University provides a campus-based one year MBA. This Fast-track MBA provides the business essentials graduate students need to create an impact in their current roles and excel throughout their careers. Building on their work experience and a previous graduate degree in a business field, this Fast-track MBA sharpens analytical capabilities, decision-making skills, and unlocks leadership abilities. Working professionals needing an MBA to advance their careers but who also prefer to work while taking classes will appreciate the Fast-track MBA from ASU’s W. P. Carey School of Business. This program offers quality and convenience that is a benchmark of the nation’s most innovative university. Fast-track MBA courses are delivered two evenings each week on ASU’s Tempe campus. Online courses are also available. Graduate students can earn their MBA in 12-18 months, depending on their incoming discipline. As a STEM-designated program, the Fast-track MBA allows graduates on student visas qualified access to an Optional Practical Training extension.
University of Tennessee, KnoxvilleHaslam School of Business
The University of Tennessee, Knoxville’s Haslam College of Business, provides a 1-year on-campus MBA. This one-year MBA features a custom fit, tailored curriculum. Graduate students attending courses on-campus can complete the Aerospace & Defense MBA in just one year while continuing to work. Students are sure to acquire a broad base of business knowledge and skills with a deep comprehension of the aerospace and defense industry. Leadership development is one of this program’s highest priorities. Business school leaders are committed to dedicated coaching. Aerospace and Defense MBA students are exposed to leadership training with a dedicated mentor. Every graduate student develops an individual and unique leadership plan with their coach. During the third residence period, graduate students spend several days touring facilities and meeting with executives at a location pivotal to A&D. Haslam College of Business students form lasting bonds with each other, which creates a powerful and distinguished alumni network. Graduates can continue to broaden their professional networks and obtain new perspectives.
Texas Christian UniversityNeeley School of Business
Texas Christian University’s Neeley School of Business provides one of the nation’s best 1-year MBA degrees. This Full-time Accelerated MBA allows graduate students to pursue an on-campus MBA from an accredited, highly respected business school in only one year. With minimal absence from their workplace, working professionals will reap this program’s benefits as they take advantage of the full-time study format while saving time and money. Program architects designed this degree for professionals interested in moving ahead in their current or closely related career paths. The 36-hour curriculum enhances and builds upon graduate students’ career goals and existing business backgrounds. Instead of taking the full array of MBA courses, graduate students select those that complement and complete their resumes. Qualifications of this program include a candidate’s having a strong business background due to the abbreviated coursework of the Full-time Accelerated MBA. Prime business school candidates will have a minimum of three years’ postgraduate work experience or military experience.
Babson CollegeF.W. Olin Graduate School of Business
The F.W. Olin Graduate School of Business at Babson College provides a campus-based 1-year MBA. Graduate students are challenged to redefine their careers and discover how to thrive in an evolving international business landscape. The heartbeat of Babson’s MBA is the real-world experiential education that teaches on-campus graduate students how to balance experimentation and analysis to solve complex business problems. Program designers challenged potential graduate students to put their knowledge into action within summer internships and class consulting projects. Graduate students enrolled in this one-year degree will be uniquely prepared to influence the business world from day one. As full-time students, one-year program attendees will be immersed in an environment where their professors are field experts and where international colleagues add global perspectives to every interaction. Some students enter the program wanting to start new ventures while others want to switch careers entirely. Regardless of their path, Babson offers an incredible global community that prepares on-campus MBA students for success.
University of MiamiHerbert Business School
The Herbert Business School at the University of Miami provides an on-campus one-year MBA program. This Accelerated MBA at the Miami Herbert Business School allows on-campus students to fast-track their careers through hands-on learning in one of the cities shaping the future of modern business. The one-year degree gives eligible students a unique chance to earn an MBA in half the time that most would expect to graduate. Candidates with a bachelor’s degree in business, master’s in business, or a related discipline who desire advanced business expertise to propel their careers in a short amount of time are the perfect candidates for this program. The duration of this degree is just seven months. All students meet at the University of Miami in Florida for all coursework. The program begins each summer in May. Miami’s innovative Accelerated MBA at the Herbert Business School is an intensive seven-month degree that ends in December. Graduate student candidates who already have advanced quantitative or business skills will find that the curriculum enhances core business concepts.
Hult International Business School
One of the nation’s best one-year MBA degrees is currently available at the Hult International Business School. With this uniquely global MBA program, graduate students will study every business subject through a worldwide lens, master collaborating in cross-cultural teams, and learn how to lead in a complex and evolving international business environment. This program is one global MBA delivered on six unique campuses. Business school students are challenged to discover how the different campus locations will bring unique features to the MBA experience. Hult campuses are featured in Boston, San Francisco, London, Dubai, Shanghai, and New York. Graduate students go beyond business to discover the technologies that shape our future and develop the self-awareness they will need to lead effectively and confidently. On-campus MBA students learn from experts who bring real-life leadership skills and business knowledge into the classroom. Hult’s award-winning MBA curriculum embodies its practical approach to business education.
Tulane UniversityA. B. Freeman School of Business
Tulane University offers one of the best on-campus MBA programs that students can complete in just one year at the A. B. Freeman School of Business. Program designers truly fuel ongoing development with a targeted curriculum. The business school faculty will work with graduate students to pinpoint their strengths and create a customized approach to help them reach their aspirations. On-campus students can expect to explore global business strategy with the Global Strategy Capstone that will take them deep into international business strategy. MBA students are challenged to think differently while increasing their value as business leaders. Small classes mean graduate students have the chance to form close-knit relationships with each other. Professors within the business school become mentors, and classmates become life-long friends. MBA students gain professional connections that will support them throughout their careers. The rigorous, streamlined coursework is designed around multidisciplinary courses exclusive to Fast-Track graduate students.
Pepperdine UniversityGraziadio Business School
The Graziadio Business School at Pepperdine University provides a 1-year on-campus MBA. Business professionals can now advance or change careers at a much faster pace with Pepperdine’s Accelerated Full-Time MBA. Graduates of this intensive on-campus one-year full-time MBA program get back into the marketplace with a master’s in business administration from one of America’s best universities and with increased earning potential. Depending on their previous academic and employment experience, Full-Time MBA student s at the Pepperdine Graziadio School may qualify for the 12- or 15-month MBA option. Each accelerated MBA format features an experience-driven curriculum delivered in small classes. Immersive study abroad residencies around the world are also offered. The 12-month MBA consists of three consecutive trimesters and 46 units. Enrolled graduate students meeting on the school’s campus have the option to study abroad for a week. Prime candidates for this program will have at least three years of professional work experience before entering the business school.
University of South CarolinaDarla Moore School of Business
The University of South Carolina provides a one year on-campus MBA at the Darla Moore School of Business. One-Year MBA. This one-year MBA is specifically designed to have an immediate impact on a graduate student’s career. For ten months, on-campus learners will focus their studies on a particular business discipline and enhance their MBA with electives and functional specialization. Interested graduate students can complete a business analytics certificate, as it is one of today’s highly sought-after credentials. On-campus MBA students ready to elevate their careers with a short-term investment will be pleased to know this one-year MBA can be completed in just ten months. Business school leaders have packed the utmost educational quality and rigor into an intensive business program that can be completed quickly. Working professionals feeling stuck in a workplace rut will find this program an incredible asset to their careers. Graduate students can complete their MBA during a leave of absence from their job or during the transition time between military service and the civilian workforce.
University of MississippiSchool of Business Administration
An exemplary 1-year MBA is featured at the University of Mississippi’s School of Business Administration. The Campus MBA at Ole Miss is described by the three words: Flexible, Comprehensive, and Challenging. Bloomberg Businessweek has ranked this 1-year MBA as one of the Top 75 programs in the nation. The Ole Miss Campus MBA is a highly valued graduate program that allows on-campus students to pursue their MBA in a traditional classroom setting. World-renowned instructors deliver the 36-hour comprehensive curriculum. Students who enter the program in the fall or summer and enroll on a full-time basis can satisfy all program requirements in just 12 months. Potential graduate students with a full-time job are encouraged by business school leaders to pursue a part-time track that allows graduation in two years. This challenging program promotes professional development, teamwork, and networking. The program’s flexible schedule allows completion in twelve months, two years, or longer if needed.
University of KentuckyGatton College of Business and Economics
One of the best one-year on-campus MBA degrees in the U.S. is delivered at the University of Kentucky’s Gatton College of Business and Economics. The business school’s nationally ranked, accelerated, and full-time One Year MBA degree has been crafted as an immersive, cross-disciplinary, hands-on program with virtual collaboration. The curriculum has been designed for young professionals, recent graduates, U.S. military members, and emerging leaders across all academic sectors. This program attracts graduate students from educational backgrounds in engineering, arts and sciences, communications, STEM, agriculture, health sciences, and business. The program provides a curriculum with highly interactive, experiential coursework sourced in the corporate setting through a built-in internship program known as Project Connect. Graduates and alumni of the program achieve various leadership, managerial, and technical roles in a virtual world. Business school candidates are encouraged to visit the career outcomes to learn more. The Gatton College of Business and Economics is committed to diversity and graduate students’ success.
Texas Tech UniversityRawls College of Business Administration
The Rawls College of Business Administration at Texas Tech University provides one of the nation’s best 1-year MBA degrees. The Rawls STEM MBA is an MBA explicitly designed for graduate students with a bachelor’s degree in one of the disciplines of Science, Technology, Engineering, or Math. Delivered as a general business program emphasizing STEM applications, this one-year program is the perfect fit for a STEM student’s technical background. The curriculum provides the business skills they will need to be successful in leadership and management positions. Courses include accounting, strategy, business analytics, decision theory, statistics, finance, economics, management, information technology, law, and marketing, along with STEM-specific elective courses. This accelerated on-campus program consists of 42 credit hours. The condensed class schedule allows the degree to be completed in just one year. TTU undergraduate students with a STEM major who have 12 or fewer hours to complete their degree may take two classes before graduation.
University of TampaSykes College of Business
An on-campus MBA is currently available at the Sykes College of Business at the University of Tampa. This full-time/day degree has been designed for accelerated completion with a cohort of peer students. Graduate students take between eight and fourteen credit hours per term of daytime classes. On-campus students can complete the 40 hours in as few as one calendar year. Tampa’s MBA program helps graduate students develop successful executives’ sophisticated strategic mind-set. UT’s MBA one-year program is one of the most significant, most exclusive, and most established in Florida. Program features include courses like Leadership and Organizational Behavior. The on-campus course is designed to improve a graduate student’s capacity for leadership. Program designers help students increase their self-awareness as high-performance leaders and work to align people with an organization’s goals. The program’s Professional Development Practicum allows students to take two sections worth two credit hours per section in which they build portfolios of applied professional projects and activities.
College undergrads and young working professionals sometimes wonder whether pursuing a degree at a top business school will be the key that unlocks the door to career success.
An on-campus MBA degree is an excellent steppingstone to C-suite positions at large corporations as much as it is an asset for budding entrepreneurs. Not only is it a valuable credential that is featured on the resumes of many Fortune 500 executives, including Facebook’s COO Sheryl Sandberg and Walmart’s President and CEO Doug McMillon. It is also a smart course of action for business leaders to take who want to get equipped with the tools needed to shape business in the future.
It should be noted that while many prominent business leaders hold an MBA, the graduate degree isn’t a silver bullet to fame or fortune. According to many MBA experts, excelling in business leadership requires hard work, initiative, enthusiasm, and creativity, despite anyone’s academic pedigree.
Getting an MBA requires initiative, and initiative will be needed through a graduate student’s career. An MBA degree earned from a top-notch business school can help professionals break into many highly competitive business fields like Silicon Valley tech companies and the Wall Street finance realm. Prospective MBA students who dream of working in large cities can often benefit from earning their degree at a large business school.
For many in business education, time is of the essence. An MBA that could be accomplished at an accelerated pace would be an excellent asset for business leaders desiring to move up the corporate ladder at a steady pace.
Enter the 1-year MBA.
This accelerated business degree allows graduate students to move quickly through a program’s curriculum without sacrificing program reputation or curriculum integrity.
Here are some questions to answer when considering a degree like the 1-year MBA:
Do All 1-Year MBA Programs Take Twelve Months to Complete?
A traditional full-time MBA degree typically takes two years to complete and usually consists of 30 to 60 credit hours. This is the case for on-campus programs and 100% online programs alike. The 1-year MBA will sometimes be based on a business school’s condensed two-year program. When comparing and contrasting 1-year MBAs, one will find that some programs last a full calendar year, and others last only seven to ten months. A good rule of thumb says that the shorter a program, the more coursework the student will be responsible for during the course of a semester. Expect many 1-year MBA programs to be considered full-time degrees requiring on-campus classes and possibly some online coursework.
Executive and part-time MBA programs will vary in length, depending on the number of credits students enroll in each academic term or semester. Both executive and part-time MBA degrees are best suited for working professionals attending business school while maintaining a full-time position.
What Are the Requirements for a 1-Year MBA?
Applications for MBA programs typically include standardized placement test scores, resumes, letters of recommendation, academic transcripts, and essays.
Many business schools across the country will accept both GMAT and GRE test scores. There are a few test-optional programs where candidates are not required to submit business school entrance test scores. Additionally, some admissions offices that usually require test scores will waive such requirements for applicants who qualify for waivers based on their impressive work experience or high college GPA.
Business schools may invite applicants for in-person interviews or might require applicants to submit video essays that reveal how the potential graduate student communicates verbally. Most MBA programs will prefer that MBA applicants have significant work experience, though some schools design programs for college students and recent college graduates.
What Types of MBA Degrees are Available Today?
Anyone interested in an MBA should know that multiple types of MBA programs exist today. There are full-time, executive, part-time, online, on-campus, and hybrid. Business schools have designed so many different degrees because they realize that business leadership is not a one size fits all situation.
A full-time MBA degree is an all-consuming business educational experience that gives graduate students the chance to reset their career trajectories. MBA students use an MBA to accelerate their careers to initiate a complete career switch. The 1-year full-time MBA is an intensive, all-in graduate program.
Working professionals satisfied in their current career path but who want to move up at their current organization may find that a part-time program would be a better fit. Many times, a company will be willing to subsidize a part-time MBA program’s tuition. Executive MBA programs are a better fit for seasoned business leaders wanting to climb to the next level in their careers and further hone their leadership skills.
Among many full-time MBA programs, there are two primary types that business school candidates need to consider: an accelerated 1-year MBA program and the traditional two-year MBA program. One-year full-time MBA degrees usually cost less than their two-year program counterparts as they require less time than traditional programs. The pace of one-year programs means that graduate students are responsible for a heavier academic workload.
What Types of Concentrations and Specializations Accompany 1-Year MBA Degrees?
MBA programs offer a range of emphases and concentrations that allow graduate students to acquire greater knowledge and experience in a specific business aspect, like finance, technology, real estate, or accounting.
MBA hopefuls should decide which business leadership area to specialize in based on what skills they need to help them improve their work performance. Having a good idea of what specialties are most needed to increase their job opportunities is vital. MBA graduates with training in in-demand specializations like healthcare or technology are paid higher salaries than students who focus on less-desirable disciplines.
How Do I Prepare for a 1-Year MBA?
Aspiring graduate students need to decide what their overarching career goals are before applying to business schools. It is generally advisable for undergraduate college students who know they want to attend business school to begin preparing for the GMAT or GRE as soon as possible. MBA hopefuls are likely to perform better on placement tests while they are still students instead of years after they join the workforce.
A 1-year on-campus MBA degree is an excellent way for business professionals to train for elite positions in business. With its superb curriculum and fast-pace, the 1-year MBA provides students with the tools they need to lead without bogging them down with years of study and test-taking.