One-Year MBA Abroad
One-year MBA programs have been mainly popularized by European B-schools and are now being seen as a viable alternative to the two-year MBA such as programs offered in the USA. It is basically an accelerated, full-time MBA program customized for experienced professionals. The one-year format is gaining immense popularity among Indian students.
Specific Features
- Designed for candidates having work experience between 2 and 16 years
- The MBA program enhances leadership skills, develops a greater understanding of the nuances of accounting/finance/human resource management, builds a network, and whets operational and business management capacity in candidates
- Practice-oriented curriculum with a few electives and cross-functional courses, case studies, group discussions and presentations, projects, simulations, and conferences/guest lectures
One-Year MBA vs. Two-Year MBA
| PARAMETERS | ONE-YEAR | TWO-YEAR |
|---|---|---|
| Duration | Usually 9-12 months | Usually 24 months |
| Eligibility/Work Experience | 2-5 years | 0-5 years |
| Cost | 75% of the two-year MBA | 25% more than the one-year MBA |
| Coursework | Focus on foundational areas and specialist skills in domains such as finance, accountancy, etc | Soft and leadership skills |
| Career opportunities | Provides good vertical growth within an organization; good for candidates interested in entrepreneurship and family business as well | Ideal for changing careers, horizontal and vertical growth |
| Internships | Usually not a part of the program | Yes |
Post-One Year MBA career options: After doing one year MBA abroad course you can either join your previous employer at a better position or search for a higher position (such as CEO, Vice President, GM and Senior Manager) in the same sector but a different company. You may also join the family business or start your own venture.
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Admission Requirements
- Minimum three years of work experience; average experience – 6-13 years; candidates already working in senior managerial roles are preferred
- An undergraduate degree is required; some schools prefer candidates who have good knowledge in quantitative areas or have a bachelor’s degree in business or economics
- GMAT/GRE and TOEFL/IELTS scores are required by most schools
- Essays, resume, LoRs, and interview are the other important requirements
Top B-schools Offering 1-year MBA programs
- INSEAD
- IMD Switzerland
- University of Cambridge (Judge)
- SDA Bocconi
- IE Business School
- University of Oxford (Said)
- Kellogg School of Management
- Cornell University (Johnson)
To conclude, a full-time one-year MBA is not only a quicker route to leadership success but also brings real value for the investment made.
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