Helpful for: MBA Applicants
Read Time: 7 minutes
- According to Times Higher Education and the Wall Street Journal, one-year MBAs have been growing in popularity since 2018, giving students greater ROI. Master’s in Management (MIM) and Master’s in Finance (MIF) also one-year programs, are getting more interest in Europe.
- One-year MBA program applications are falling in the US, while 44 out of 54 schools from the World Uni Rankings are two-year in the US.
- Applications to one-year MBA degrees are increasing in Asia-Pacific, Canada and Europe. The most sought after universities for the one-year degree in 2018 are IMD, University of Hong Kong, Indian Institute of Management Calcutta, Indian School of Business and SP Jain School of Global Management.
- Compared to the US model, shorter programs have significantly lower tuition fees. Study International adds:
A two-year MBA can cost around US$200,000, which explains the rankings finding two-year programs scoring particularly badly when it comes to the socio-economic diversity of its students (whether their parents went to university).
- Some students may prefer two-year MBA degrees due to their alumni networks, but you should keep in mind that there is usually greater gender diversity on campus in one-year degrees.
- If you are looking to get the maximum business knowledge, polish up your soft and hard skills and enter the job market quickly, then a one-year MBA is the right decision for you.
- Whatever decision you make on the duration of the MBA you choose to apply to, make sure to consider important aspects such as financing, relevancy of program content to your career plan, and where you plan to work after graduation.
Would you consider a one-year or two-year MBA and why? Share your reason in our forum!
Source: Study International