Both PhD and MBA programs take sooo long.... the latter one is obviously shorter but still, 2 years sound scary! That's why I was happy to learn that one year MBA programs are becoming more and more popular in both USA and here, in the United Kingdom.
One year of a career brake seems to be more doable and cheaper but do all employers see a one-year MBA equal to the traditional programs? That will probably depend on which business school you have your MBA degree from... if the reputation of your b-school is good enough, I do not believe that anyone would consider "shorter" MBA inferior.
I still need to do more research on what do the one-year MBA programs cover and what the cost is. Not all business schools offer such option yet and I read the other day that admission process is stricter and more difficult. At the same time, in our hectic world today when no one has time for anything, one-year programs seem to be the future of MBA.
Any comments or suggestions on this issue?
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3 comments:
There are also night & weekend MBAs so that you can keep working. eg. at Haas Berkeley. This is the best option if you can find a school near you that does this. You also then get to network with people who are actually working in business rather than mostly fresh faced 20-somethings who inevitably know even less than you do about the subject!
You have to know that firms that are serious about MBA only hire from aacsb.edu accredited schools and the other programs are just like an MS for jobs where the masters is a legal requirement but quality is not. You will not learn anything you can use from a degree mill and no one will hire you. Even when they have AACSB, they give different pay for different school quality.
I think if you go to a good business school then the school reputation will count for a lot. Plus a lot of these schools are now doing more one year courses so it’s obviously becoming more acceptable. I have noticed that even places like London Business School are now doing one year MSc business degrees for post grads meaning you can get a business qualification at an early stage in your career. So you can now come out of uni, study for a Masters in Management and then go into work ‐ then go on to complete a full MBA after building up a bit of work experience.
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