Another challenge is that the accelerated programs allow much less time for developing personal relationships with other students, which is often thought of as a major ingredient for continued career success beyond graduation. In fact, top tier programs like Harvard, Wharton and Chicago’s Booth School of Business consider it to be so vital that they don’t engage in the accelerated program. However, there are plenty of top MBA programs in the USA to invest in, as at Northwestern University, Cornell University, Emory University, and the University of Southern California. At Northwestern’s Kellogg School of Business, you will pay just over $110,000 for the one-year program, in comparison
to the $160,000 tuition fee for the two-year program. You also have the flexibility to select much of your curriculum. Kellogg only requires that you complete 1.5 of the normal two-year course load whereas most European programs try to condense two years of courses into one year.
American companies will treat the accelerated MBA in much the same manner as the two- year program, mostly because it is earned from a reputable university. This affords the degree holder a high starting salary as the value of a top MBA degree is recognized by companies all across the United States, not just the state it was earned in. However, if you’re pursuing employment outside of the
United States, you may want to enroll in the top tier programs as they will have much more name recognition, which is important for professionals with little work experience and few credentials.
The accelerated MBA program is just like any other program in that you need to spend time considering the pros and cons of the program to ensure it provides the benefits you seek. You must understand your needs and how the MBA will meet them. The accelerated MBA essentially provides you with the MBA credential and if that’s all you need to grow your career or start your own company, then this type of program is the quickest path.
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