It is currently 22 Oct 2017, 00:12


GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

for You

we will pick new questions that match your level based on your Timer History

Your Progress

every week, we’ll send you an estimated GMAT score based on your performance


we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.


Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Whats the right program for you: 2-Year MBA or 1-Year MBA?

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message

Hide Tags

User avatar
Status: Director
Joined: 17 Apr 2013
Posts: 37

Kudos [?]: 21 [0], given: 3

Location: India
Concentration: Entrepreneurship, Technology
WE: General Management (Education)
Whats the right program for you: 2-Year MBA or 1-Year MBA? [#permalink]

Show Tags

New post 08 Jul 2013, 23:36
“What is the second year like?” I asked.
“You’ll learn a lot of interesting stuff” he said. “But the first year is what counts. When that’s over, you’re an MBA.”

- Excerpt from Snapshots from Hell (Stanford MBA)
by Peter Robinson

The fact that the excerpt above from the concluding pages of one of the most popular books on MBA education did not have great things to say about the second year of MBA was indicative of the subsequent evolution of the MBA programs globally.

For years, the European schools have preferred the shorter MBA, an idea that many business schools across the globe, including the US, have started warming up to. While the traditional 2-yr MBA still remains dominant, schools such as Northwestern University’s Kellogg School of Management, Cornell University’s Johnson School and Emory University’s Goizueta have started offering the 1 year program due to an increased demand for such courses. The other interesting development is at the Melbourne Business School in Australia, which decided to replace its 16- and 20-month courses with a 12-month offering as demand has grown for more abbreviated programs.

So, is the evolution definitive towards the 1-year MBA? Far from it. The reality is that through the years of global economic boom, MBA programs have found great favor with candidates and employers alike. However, as a very wide range of candidates – from near freshers to one with 15 yrs experience – are now interested in the MBA programs, there are options which are more customized to the needs of various groups. In that context one has to evaluate which of the two formats makes more sense for each individual. My view is that there are two critical factors that you need to balance.

1. Option of Summer Internship & More networking: Are you looking for a complete shift in your career track? If so, you will be best served to stick to the traditional 2-year programs. The reason is clear – the traditional program offers you the benefit of a summer internship and longer period for networking. That proves to be the key when you are trying for a career transition. Say, if you are coming from a technology background and intend to move to finance, it is much easier to convince a prospective employer to offer you an internship to start with. Your experience and performance during the internship can lead to a successful transition. In case of the 1-year MBA, the lack of summer internship is a handicap. Check if you can live with it.
2. Opportunity Cost: The opportunity cost of a 2-year program is much higher, for you spend 2-years out of employment. The popularity of the 1-year program is largely on account of candidates who would like to minimize this opportunity cost. Also, for people with a clear understanding of their future career path, the second year is often just a waste of time.

These are the accepted trade-offs between the two programs. However, there are other factors at play as well. For example, the option of a deeper immersion in specific subjects in a two year program. This is however debatable. Academically, MBA is typically the program to learn the skills to address different business problem and one year is sufficient for that exposure, esp. for candidates coming with sufficient business experience.

To conclude, it is a tradeoff between the higher opportunity cost and additional value of the two year programs. This is very different for different people. Typically, candidates with higher work experience (5 yrs +), seeking a jump within their chosen domain go for a 1-year MBA. While, the lower to mid range experienced (2-5 yrs) candidates chose the 2-year MBA. There are exceptions to this rule. Understand the tradeoff for yourself and that will give you your answer.

Anshul Gupta

Kudos [?]: 21 [0], given: 3

Whats the right program for you: 2-Year MBA or 1-Year MBA?   [#permalink] 08 Jul 2013, 23:36
Display posts from previous: Sort by

Whats the right program for you: 2-Year MBA or 1-Year MBA?

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  

Moderators: OasisGC, aeropower, bb10

GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.