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I became very sceptical of Hult. It is not accredited by one of the major three institutions, and the Standing Conference of the Ministers of Education and Cultural Affairs in Germany has not recognized it (yet?).
About 2 years vs. 1 year: The summer internship gives you the possibility to explore the job you want to do afterwards, and maybe even secure a job offer. There are also more gaps in 2y programs' schedules for recruiting, field trips and the like. The 1y programs, on the other hand, are great if you just want to check the MBA as fast as possible and are not looking for a bigger career or industry switch (and maybe even return to your old job / company).
I wouldn't give much credence to FT's ranking... 1) You can't really compare 1 year and 2 year programs and do both justice 2) The placement of some schools in refernce with others is simply outrageous. Cases in point: 3) IESE ahead of Sloan and Booth 4) HKUST ahead of Kellogg, Fuqua, Stern and Tuck. 5) Nanyang ahead of McCombs & Goizueta 6) Rice ahead of McCombs
From these forums, I've not had much good to hear about Hult. Whereas Babson has a great rep for entrepreneurship and is also a solid MBA program. I'd say, go with Babson.
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