INTRODUCTION
For those looking to advance to high-level professions in or related to business administration, an MBA can be a useful graduate degree. Although it typically takes two years to acquire an MBA, there are some programs that students can finish in just one year. The opportunity costs of leaving a job are much lower in one-year MBA programs. Due to disparities in the candidates’ job experience, starting pay for one-year MBA graduates is typically comparable to or even somewhat greater than for two-year graduates.
If you want to advance to a leadership position, build on your undergraduate business experience, and take advantage of the various electives that business school has to offer in these one-year MBA programs, a one-year MBA program is a good option. However, keep in mind that a 1-year accelerated MBA program is better suited for applicants who have more expertise in their field, and a 1-year MBA would complement their short- and long-term objectives.
WHY PURSUE A ONE-YEAR MBA IN THE UNITED STATES?
Business schools in the USA provide a wide range of MBA programs, including full-time, part-time, executive, dual, one-year, and MBA programs. Many students today prefer the one-year MBA program offered in the United States over the others. The reasons are as follows-
- The fastest way to a successful career in business, management, or entrepreneurship in the USA is to get a one-year MBA. It is one of the most well-liked MBA schools in the USA, offering a demanding curriculum and excellent instruction.
- Students from abroad with F-1 visas who are enrolled in 1-year MBA programs in the United States may choose to extend their STEM OPT. They become qualified to work in various positions for up to three years in the USA.
- One-year MBA programs in the USA come with a special set of advantages, such as a shortened program duration, intensive learning possibilities, networking chances, professional growth prospects, and financial savings.
- The cost of a 1-year MBA in the USA is fairly reasonable when compared to a conventional 2-year MBA. The latter’s tuition costs are between $35,000 and $50,000 USD. In contrast, the cost of a 2-year US MBA is typically between $50,000 and $100,000 per year.
TOP 5 UNIVERSITIES FOR ONE-YEAR MBA IN THE USA
A two-year MBA program is the standard in the US. But the market is moving toward accelerated MBA programs that last just one year. The two-year break from the workforce required for management school has grown more challenging, and MBA candidates want more flexibility. Many US business schools are now providing one-year MBA programs in addition to two-year MBA programs as a result of these shifts in demand.
Based on QS Global MBA Ranking 2024, the following list of the top one-year MBA programs in the United States is as follows:
SC Johnson School of Business, Cornell University
One of the USA’s most varied 1-year MBA programs is offered by Cornell University. Through a variety of electives, the curriculum at this school provides students with a solid understanding of both general business principles and all relevant business expertise. The course places a strong emphasis on technology, data analytics, entrepreneurship, modern business leadership, etc. Its average fee is $50,000 USD or INR 40,000,000.
Kellogg School of Management, Northwestern University
The Kellogg School of Management offers one of the top one-year MBA programs in the USA to international students. This is your chance to participate in a cutting-edge program that will advance your career. The infrastructure, world-class faculty, and novel teaching strategies at Kellogg set it apart from other business schools in the US that provide one-year MBA programs. About $105,380 USD or 85,00,000 INR is spent on annual fees on average.
USC Marshall School of Business, University of Southern California
One of the top one-year MBA programs in the United States is the USC IBEAR at the USC Marshall School of Business. An immersive experiential learning framework with the chance to build knowledge, tools, and business networks is provided by the curriculum here. The program also emphasizes extracurricular activities to guarantee the pupils’ general growth. The average annual fee is $42,000 USD or 33,52,000 INR.
Warrington College of Business, University of Florida
The list of one-year MBA programs offered in the USA places Warrington College of Business last. For students from various backgrounds who want to enroll in an immersive program, it is the ideal course. A one-year MBA in the United States here includes all facilities including extracurricular activities, national career fairs, and so on, much like a typical 2-year MBA. The average annual fee is $61,260 USD or 50,000 INR.
Katz Graduate School of Business, University of Pittsburgh
The one-year MBA program at the Katz Graduate School of Business in the USA is for students who do not want to do an internship or acquire any real-world experience before entering the workforce. Typically, the course starts in May and ends in April of the following year. It includes all of the same topics and subjects as a two-year general MBA. average annual fees are $42,000 USD or 33,52,000 INR.
PREREQUISITES FOR ONE-YEAR MBA IN THE USA
The requirements for a one-year MBA in the United States are quite comparable to those for a two-year degree. The following is a list of the standard prerequisites for enrollment in the program:
- Completed application
- GPA of at least 2.5 to 3.0 on a scale of 4.0 (79–86%) or higher
- Academic records
- Statement of Purpose (500-600 words)
- CV with a personal essay
- Proof of funds availability
- Professional and academic LORs
- Proof of professional experience (at least 2 to 5 years)
- Competitive GMAT or GRE score (550–740 range)
- Competitive TOEFL score, or score that is comparable (TOEFL average: 100).
CONCLUSION
After graduation, an MBA offers a wide range of employment alternatives and several chances. A career path is easily navigated in this safe manner.
As a result, earning an MBA in one year from a prestigious university is equivalent to programs that last two years. You can go with the same as long as you can make the most of it and are prepared to work hard and shrewdly. Additionally, it need not be expensive. Obtaining a loan for education is simple, so you can continue your studies.
REFERENCES
1.https://yocket.com/blog/1-year-mba-in-usa
2.https://www.mbaandbeyond.com/blog/best-one-year-mba-programs-usa
3.https://www.mim-essay.com/one-year-mba-programs4.https://collegedunia.com/usa/article/study-one-year-mba-in-usa-top-universities-top-courses-admission-eligibility-costs