One Year MBA Programs More Than Full-Time Course

Kellogg  is the highest ranked US school with a one-year MBA program. Besides Kellogg, there are only two other top 20 US schools with one-year options. These are Cornell University’s Johnson School of Business  and Emory University’s Goizueta School.

All three schools are reporting increase interest in the one-year MBA program. While overall MBA applications in Kellogg were down 7% last year, one-year applicants bucked the trend. They rose by 6% last year and are up 24% since 2009. So this year, Kellogg has enrolled a record 100 students, up from 86 last year. Similarly, at Emory’s Goizueta School applications this year are up 39% and the school has enrolled 48 one-year students, up from 39 a year earlier. At Cornell University’s Johnson School, applications for its one-year MBA rose 15% last year while class size jumped 30% to 59 students.

Why Are One-year MBA Programs Bucking The Trend?

It is estimated that the total cost of two-year MBA program in the US could go as high as $350,000. While one-year MBA program could cost half that amount. Take for example Kellogg’s cost structure for two MBA programs. The total cost of Kellogg’s one-year program is $207,008 versus $322,622 for the two-year program.

It is not only about the cost. It is also about the benefits that you get from the two programs. Analysis of data reveals that MBA employers tend to award one-year grads the same starting salaries they pay MBAs of two-year programs. In some cases, one-year grads are even getting slightly more than graduates of the traditional programs.

The benefits of one-year programs are obvious: Getting the same degree in half the time brings considerable savings in tuition and fees, room and board, and the lost opportunity cost of not having a job for two years.

Adapted from: One-Year MBA Programs Gain More Traction, Poets & Quants.

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