One Year MBA programs - Directory 1 Year MBA

Question

Advantage of 1 year programs over 2 year programs

1. An equivalent degree in half the time and cost.
2. The lost opportunity cost of not having a job for 2 year.
3. Despite the shortened academic experience, MBA employers tend to award one-year grads the same starting salaries they pay MBAs of two-year programs. In fact, several schools report that their one-year MBAs make slightly more than graduates of their traditional programs, largely the result of differences in work experience.

Advantage of 2 year programs over 1 year programs

1. Losing out on the summer internship which is almost a yardstick of recruitment.
2. Losing out on networking and socializing with future co-workers. 
3. 2 year programs almost always are less than 2 years in tenure by a couple of months at least.
3. Limited number of schools offering the one year MBA program.
4. One major distinction between most of the one-year U.S. programs and the European MBAs is that the U.S. versions generally require a business undergraduate degree and/or a bunch of core prerequisites.

The Best One-Year MBA Programms in the U.S.     School    Tution Fees    Intake     Northwestern(Kellogg)  $80,453  100    Cornell(Johnson)  $86,336  45    Emory(Goizueta)  $65,991  48    USC(Marshall)  $80,116  58    Notre Dame(Mendoza)  $61,600  65    Boston University  $71,006  27    Babson(Olin)  $69,686  78    Thunderbird  $70,007  NA    Florida(Hough)  $40,130  NA    Pittsburgh(Kaiz)  $53,825  NA    Pepperdine(Graziado)  $62,363  10    Willamette(Atkinson)  $30,306  NA   
  Source:   Poets and Quants, Official Websites.

Northwestern University’s Kellogg School of Management  
 https://poetsandquants.com/wp-content/uploads/2010/12/Kellogg.jpg    Comparing Kellogg's MBA Programme     MBA Costs    One-Year    Two Year     Tution  $75,400  $113,100    Room & Board  $20,948  $31,422    Books & Supplies  $2,196  $3,294    Travel  $1,772  $2,658    Personal  $4,200  $6,300    Health Insurance  $3,553  $5,684    Computer Fee  $1,200  $1,200    Activity Fee  $300  $450    Loan Fee  $2,144  $3,600            Total Programme Costs  $111,713  $167,708   
 1. Its the highest ranked US Business school which offers a One Year Program.
2. Median GMAT score of 2011 class was 700, with 700-740 being the scores of 43% of the class.
3. Average age is 28 and Average WE is 5 years.
4. Diverse student pool, including engineers, doctors, physicians, lawyers and journalists.
5. Students complete core coursework before showing up at Kellogg and then focus on advanced electives in 18 different areas of study.
6. Completion of courses such as accounting, finance, marketing, statistics, operations, economics, and organizational behavior are mandatory.
7. Kellogg accepts undergrad programs in community colleges but not online degrees.
8. Recruitment process, however more challenging for one year students, are essentially similar for both 1 year and 2 year programs..

Cornell University’s Johnson Graduate School of Management  
 https://poetsandquants.com/wp-content/uploads/2010/12/Cornell.jpg    Comparing Cornell's MBA     MBA Costs    One Year    Two Year     Tution  $86,336  $109,206    Room & Board  $16,250  $25,000    Books & Supplies  $1,650  $2,200    Travel Allowance  $1,000  $2,000    Personal  $6,320  $9,720    Health Insurance  $2,622  $4,100    Computer  $2,000  $2,000    Total Programme Costs  $116,178  $154,226    1. High degrees in quant fields are required of applicants.
2. Concentrations are optional, but available to help position students for their post-MBA goals.
3. Courses are shared between the 2 year and 1 year programs.
4. Average GPA: 3.56; Average GMAT score: 710; Median WE is 4 years.
5.Cornell reports that 97% of the Class of 2012 that sought job offers received them. The average reported base salary $106,400 and the average signing bonus of $17,600 compares favorably with graduates of Cornell’s two-year MBA program ($103,600 base and $23,200 signing bonus).

University of Southern California Marshall School of Business 
 https://poetsandquants.com/wp-content/uploads/2010/12/USC.jpg    Comparing Marshall's     MBA Costs    One-Year    Two-Year     Tution Fees  $89,800  $110,000    Room & Board  $22,000  $44,000    Total Programme Costs  $111,800  $154,000   
 1. If you’re a bit older with several years of work experience, another attractive one-year option is the University of Southern California’s IBEAR (International Business Education and Research) program.
2. Launched in 1978, the program now has more than 1,500 graduates in more than 50 countries around the world.
3. The program draws a heavy contingent of international students, mainly from Korea, Japan and Taiwan. The latest entering class of 54 students, for example, includes 11 from the U.S., a dozen from Korea, nine from Japan, seven from Taiwan, and five from China. Women make up under 20% of the enrolled students.
4. Average GMAT score: 620

University of Notre Dame’s Mendoza College of Business  
 https://poetsandquants.com/wp-content/uploads/2010/12/mendoza.jpg  
   Comparing Mendonza's MBA     MBA Costs    One-Year    Two-Year     Tution  $61,600  $90,200    Room & Board  $13,950  $18,600    Books & Supplies  $2,350  $3,150    Health Insurance  $2,925  $3,900    Personal  $4,875  $6,500    Fees  $850  $850            Total Programme Costs  $86,550  $123,200   
 1. Participation in 2 week “international immersion” in either Beijing and Shanghai, China, or Santiago, Chile, and Buenos Aires, Argentina.
2. Notre Dame’s typical intake of one-year students is about 65 a year. Some 29% of the Class of 2012 was composed of women, with only 6% international (much lower than most other programs). The average age of a one-year MBA here is 27, with an average five years of work experience.
3. During what the school calls “ inter term intensives,” MBA students also can analyze and offer solutions for real-life problems presented by executives from large global organizations, including Adidas, Boeing, GE, Hewlett-Packard, McDonald’s, Nestle, OfficeMax, Pace Global Energy Services, Starbucks and Walgreens.

F.W. Olin Graduate School of Business at Babson College  
 https://poetsandquants.com/wp-content/uploads/2012/03/babson03.jpg    Comparing Babson's MBA Programme     MBA Costs    One-Year    Two Year     Tution  $75,400  $113,100    Room & Board  $20,948  $31,422    Books & Supplies  $2,196  $3,294    Travel  $1,772  $2,658    Personal  $4,200  $6,300    Health Insurance  $3,553  $5,684    Computer Fee  $1,200  $1,200    Activity Fee  $300  $450    Loan Fee  $2,144  $3,600           
 1. Babson’s accelerated one-year MBA program requires what the school calls “a substantial academic background in business.”
2. The school, long known as a top place to study entrepreneurial thinking, brings in nearly 80 students a year to its one-year program, about half the size of its more traditional two-year MBA.
3. A high percentage of one-year students—46%–are from outside the U.S., making the student body more global than most.
4. The average GMAT score for one-year students is 589, 15 points higher than Babson’s evening students but a bit lower than the 616 for the two-year class. Students have an average five years of work experience, exactly the same as Babson’s two-year MBA candidates.
5. The program allows students to take on a concentration in one of several fields, including corporate finance, global management, investments, life sciences and healthcare, or marketing.

P.S. If you have any suggestions for this thread, please PM me.

greatps24 · Answer

Hi

Another list of 1 Year Business degree (not MBA though):

1. Stanford Master of Science in Management for Experienced Leaders.

Eligibility

Applicants are expected to have the equivalent of a bachelor's degree, and eight or more years of increasingly successful work experience. Most successful applicants have five or more years in management positions.

2. MIT Sloan Fellows Program in Innovation and Global Leadership

Consider yourself a strong candidate for the program if you:

Work in a global environment or demonstrate a committed global perspective.
 Hold an undergraduate degree and at least 10 years of relevant experience.
 Exhibit exceptional leadership performance, functional expertise, and innovation.
 
LBS also has a Sloan fellow program. But, here we are just focusing on US B schools.

PSMBAPS · Answer

Hi Souvik please can you help me with a latest list of top 10 one year full time global MBA schools (India, European and American), which are at par with top 10 two year MBA programs in terms of placements, starting packages and career change. I have 8 years of work ex in fashion and want to get into retail/ management consulting post MBA. As of now, i have applied to ISB (not with many hopes as GMAT score was low), and planning to retake GMAT and apply to INSEAD in R3. I have not heard any great reviews about IE school. Its weird that they do not have any application deadlines, and earliest I can apply now it seems is their April 2015 intake as they want application to be submitted a year before the course starts. I also want to know reviews for IMD. I read somewhere that IMD ranks higher than INSEAD currently. IMD only has a Jan intake, that is too far from now

How about SAID Oxford and HEC Paris? Heard their placement cells are not that great. how long is London business school MBA. with higher work ex, do you think they could consider a lower gmat score around 650? What do you say about IIMA and other IIMs one year programs? Any other good ones that i am missing? I believe there are no one year programs in US. Kellogg required business education background, hence not for me. Thanks

HarveyS · Answer

Hi Guys,

This is great list.

Is there any such topic for 1 year MBA with 8-10 years work ex.

I have checked that most of the US EMBA are part time with duration of 22 months.

I am looking for full time 1 year MBA for more experienced ( range of 8-15 years).

Do feed in with your research or experience for colleges in US/Europe/Asia.

Thanks

HS

MBAbot · Answer

Hello from the GMAT Club MBAbot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.

One Year MBA programs - Directory 1 Year MBA

Prep Toolkit

Top 5 GMAT Debrief Videos

615 to 715 in 15 Days (Ria's Strategies)

More than Quant/Verbal Abilities: Speed vs. Accuracy

745 with Only Self-Prep and GMAT Club

From 555 to 765: 210-point Improvement

Perfect 805 Score Debrief by Julia

My Rewards

The Best One-Year MBA Programms in the U.S.
School	Tution Fees	Intake
Northwestern(Kellogg)	$80,453	100
Cornell(Johnson)	$86,336	45
Emory(Goizueta)	$65,991	48
USC(Marshall)	$80,116	58
Notre Dame(Mendoza)	$61,600	65
Boston University	$71,006	27
Babson(Olin)	$69,686	78
Thunderbird	$70,007	NA
Florida(Hough)	$40,130	NA
Pittsburgh(Kaiz)	$53,825	NA
Pepperdine(Graziado)	$62,363	10
Willamette(Atkinson)	$30,306	NA

Comparing Kellogg's MBA Programme
MBA Costs	One-Year	Two Year
Tution	$75,400	$113,100
Room & Board	$20,948	$31,422
Books & Supplies	$2,196	$3,294
Travel	$1,772	$2,658
Personal	$4,200	$6,300
Health Insurance	$3,553	$5,684
Computer Fee	$1,200	$1,200
Activity Fee	$300	$450
Loan Fee	$2,144	$3,600

Total Programme Costs	$111,713	$167,708

Comparing Cornell's MBA
MBA Costs	One Year	Two Year
Tution	$86,336	$109,206
Room & Board	$16,250	$25,000
Books & Supplies	$1,650	$2,200
Travel Allowance	$1,000	$2,000
Personal	$6,320	$9,720
Health Insurance	$2,622	$4,100
Computer	$2,000	$2,000
Total Programme Costs	$116,178	$154,226

Comparing Marshall's
MBA Costs	One-Year	Two-Year
Tution Fees	$89,800	$110,000
Room & Board	$22,000	$44,000
Total Programme Costs	$111,800	$154,000

Comparing Mendonza's MBA
MBA Costs	One-Year	Two-Year
Tution	$61,600	$90,200
Room & Board	$13,950	$18,600
Books & Supplies	$2,350	$3,150
Health Insurance	$2,925	$3,900
Personal	$4,875	$6,500
Fees	$850	$850

Total Programme Costs	$86,550	$123,200

Comparing Babson's MBA Programme
MBA Costs	One-Year	Two Year
Tution	$75,400	$113,100
Room & Board	$20,948	$31,422
Books & Supplies	$2,196	$3,294
Travel	$1,772	$2,658
Personal	$4,200	$6,300
Health Insurance	$3,553	$5,684
Computer Fee	$1,200	$1,200
Activity Fee	$300	$450
Loan Fee	$2,144	$3,600