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I recently got my BA Hons cum laude at a top Italian university in business administrations, 3.9 GPA. I got hired from McKinsey as a business analyst and I'm really looking forward to an MBA in the US. in 2-3 years' time.
What I'd like to ask you is what the main points to consider are when contrasting one-year and two-year MBA programmes. It is obvious that a 2Y program will be more expensive in terms of fees and opportunity costs, but what does it provide you more than the 1Y one? The only thing that came in my mind so far is that 2Y is more suitable for people with no previous business education while 1Y may fit for business graduates. The thing is whereas all European MBAs (INSEAD, IMD, LBS) are one-year programmes, every Ultra Elite US curricula are two-year.
I'm still in the very early stage of my MBA strategy plan, but what I feel is that I'd like to attend a 2Y course. Nevertheless, I really need to know what it does give me more than its 1Y counterpart (apart from prolonged intellectual pleasure) in order to decide whether to look forward to e.g. Upenn, Stanford, Chicago & co. or to stick to Kellogg's 1Y/INSEAD - but I'd really like to cross the Ocean .
There are some European and UK MBAs that are more than 1 year such as IESE (19 months) and LBS.
The main advantages of the two year programs is that provide the opportunity for an internship and more time to develop a specialization. In addition, two year programs allow more time to network with other students. For those schools that stress the higher level "graduate" nature of business education, the two year program allows you to more fully develop these general management skills.
LBS spells out the advantages it sees in a 2 year program:
The internship really is the key reasons. Because more than 60% of MBA students are trying to make a career change of some sort, doing an MBA in their new desired field is key to securing a full-time position in a similar field.
I have an undergrad background in business with subsequent consulting experience and felt that two years was adequate for well rounded MBA training and did not feel that it was overkill or redundant.
For a strong 1Y US program, check out Kellogg's "limited edition" 1Y MBA program.
What I meant was this...
suppose I've a very good experience of 5 yrs in software/hardware
system development & I take up Fianance for my MBA. Then, will an employer 'think' before giving me finance related job? How does it generally work? OR he will think of giving me a job (management) that is still related to my previous work experience...!