AN MBA IN THE USA IN JUST ONE YEAR
J. TODD RHOAD
The USA is the best place in the world to consider an MBA. You can find an MBA program for just about any situation. A popular option for professionals who want to gain the MBA experience as quickly as possible is the one- year executive MBA. It’s great for international students who want to reduce the overall cost of an MBA program, which is best done by reducing the time it takes to earn the degree, making the one-year MBA program a perfect alternative.
As we look at this accelerated option, let’s first consider the benefits. The benefits of the one-year programs are obvious. First you are earning the same degree in half the time, providing considerable savings in tuition
fees, room and board, and the lost opportunity cost of being unemployed for two years. Many MBA programs report that accelerated MBA graduates earn a salary equivalent or better than their two-year MBA counterparts. Much of this increase in pay could be due to the fact that accelerated MBA graduates have more work experience than the two year MBA graduates. Accelerated MBAs have four to ten years of work experience, whereas the two year program participants have less.
Of course, there are a few downsides to an accelerated program. The largest drawback is that the one-year program doesn’t allow for an internship, which is where most employment opportunities are initiated. If
you’re a career changer, this is an extremely important factor to consider, as it can greatly limit your employment options and afford little time to test out any new skills. As a career changer, you typically want to be able to show that you’re not only seeking to change careers but have already made the transition. Companies don’t want to hire managers with little experience. Therefore, you must be able to demonstrate successes from your new industry, but if you don't undergo an internship, this may be quite difficult. The accelerated programs are ideally suited for those who possess a clear career vision and wish to remain in the same industry, or for the same employer.
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