Following its UK counter parts and strategizing more on to attract the working executives, many top US B-Schools are offering one year accelerated Full Time MBA program beside offering two-year full-time MBA Program.
According to admission committee of various B-Schools of US Universities, the applicants for the two-year full-time MBA Program is on decline for third consecutive year and one of the major cause is that the one year full-time program finds much appeal among working executives in lean economic years due to its less cost and shorter stint.
One year accelerated FT MBA also gives an opportunity to the executive to return to the same company after graduating. Though few universities recruit students with less work experience for its one year MBA compare to its two-year full-time MBA as students having opted for one year MBA finds difficult to compete with students having two years MBA but the full-time one year accelerated MBA program is becoming popular among both fresh executives and senior c-level executives.
B-School.com team decided to dissect top five MBA one year MBA Program in US.
Kellogg School of Management: – Ranked among top five in world for its MBA Program, Kellogg offers one year full-time MBA for working executives and is regarded as one of the best program for accelerated MBA. With an intake of 90 students Kellogg one year program offers unlimited flexibility and give provision for students to complete the core course work before enrolling in the course so that they can concentrate on major electives and global electives. The Students at one year full-time MBA Program can take any elective being offered by two-year full-time program. The average GMAT Score accepted is around 730 and the total tuition fee of the program is 72000$.
Johnson Graduate School of Management, Cornell University: – Ranked among top 15 MBA program by business week, Johnson Graduate School of Management invites application from senior or mid level executives with clearly defined career goals. The accelerated program usually begins with 10 week summer term that covers all the basic of general management and the remaining course to be completed in the fall semester along long with a semester-long management practice and a two-week internship. With an intake of 45 every year the applicant needs to have an average GMAT score of 710, a GPA of around 3.5 and at least 4 years’ experience at executive level. The total tuition fee of the program is 82,620$.
Goizueta Business School, Emory University: – Ranked among top 25 MBA program by business week, Goizueta Business School offers a trimester based one year accelerated program so that an executive can re-enter the workforce as early as possible. Goizueta Business School one year accelerated program usually begins in May with intense review of core business concepts. In August students can join second year students for learning electives as an optional. With an intake of 39 students every year the applicant to Goizueta Business School must have an average GMAT score of around 640, a GPA of 3.4 and work experience of minimum five years. The total tuition fee of the program is 65,400$.
Mendoza College of Business, University of Notre Dame: – Ranked among top 30 MBA program by business week, Mendoza College of Business offers accelerated one year full-time MBA Program who are looking to add more skills to their management abilities or who are looking to continue their education and wants to re-enter workforce quickly. Mendoza College of Business starts its one year program in early May and can join the second year students for taking the other electives as an optional in late August. With an intake of 65 students, Mendoza requires a student to meet 24 credits for graduating. The applicant needs to have a GMAT score of at least 620, a GPA of 3.4 and work experience of at least 5 years. The total tuition fee of the program is 61,200$.
Babson College: – Ranked among top 50 MBA Program by various business journals, Babson College one year program is for the executives with strong academic foundation, business knowledge and a career track that requires an accelerated MBA. Babson one year MBA Program offers flexibility to the students by dividing the curriculum into modules. Babson offers two modules for its accelerated MBA Program students namely Building the Platform, From Strategic Perspective to Tools and Decision Making and Application. Once a student completes modules they will get a chance to work on elective curriculum, experiential learning and an opportunity to work on domestic and international consulting assignments. With an intake of 80 students every year, Babson College requires a student to have a GMAT score of at least 590-600 and a GPA of at least 3.3 with a minimum work experience of at least five years.