One Year MBA Programs: Colleges, Eligibility, Admissions, Fees 2024

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One Year MBA Programs programs have become a cornerstone of management education in the US for over 50 years.

Designed for busy professionals, these programs offer a unique opportunity to leverage your existing experience and propel your career forward in a condensed timeframe.

Unlike traditional MBAs, one year MBAs typically condense the curriculum into one year, allowing you to gain valuable knowledge and skills without sacrificing significant work hours.

1 Year MBA Programs: Fast Track for Leaders on the Move

The rise of one-year Executive MBA programs meets the demand for efficient, flexible education in business.

Tailored for mid-career professionals, these programs offer a condensed curriculum focused on essential skills. Graduates emerge well-prepared for today’s dynamic business environment, appealing to employers and aspiring leaders alike.

Over the last decade, one year MBA programs have grown in popularity, particularly as more candidates with more excellent experience commit to 1 year full time MBA in USA. Although few management schools in the United States have adopted this structure, a one year MBA (or a few months longer) is typical in Europe and Asia. This article will guide you through some of the best one year MBA programs in the United States and help you know if you are a good fit for these one year MBA programs. So, stay engaged with us to learn all you need to do about 1 year accelerated MBA programs in the US.

WHAT IS A ONE YEAR MBA PROGRAM?

As stated earlier, a one year MBA program provides a fast track to an MBA. 1 year accelerated MBA programs offer the same MBA credentials in half the time and at a far reduced cost. In one year MBA programs, the opportunity costs associated with quitting a job are significantly smaller. Starting pay for one year MBA graduates is frequently comparable or even somewhat higher than for two-year graduates, owing to differences in candidates’ work experience.

IS A ONE YEAR MBA PROGRAM THE RIGHT FIT FOR YOU?

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The two most significant factors to consider while deciding if a one year MBA program is ideal for you are:

Previous Undergraduate Experience
Career Goals

A one year MBA demands significantly greater focus and clarity of professional goals and may not be appropriate for MBA aspirants wishing to change industries or careers. In addition, these students miss out on the option to take a summer internship in a one year MBA program and hence, 1 year accelerated MBA programs may not be suited for those wishing to change industries or careers). Thus, the decision to pursue a one year MBA is ultimately determined by your professional goals and what you want to achieve from the MBA program other than career advancement and higher pay.

A one year MBA program is an appropriate choice if you want to rise to a leadership role, expand on your undergraduate business experience, and take advantage of the different electives that business school has to offer in these one year MBA programs. However, do keep in mind that a 1 year accelerated MBA program is more suitable for candidates who are more mature in their work experience, and a one year MBA experience in academics would supplement their short-term and long-term goals.

IS A 1 YEAR ACCELERATED MBA PROGRAM WORTH IT?

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Well, this again depends on what you want to gain from your MBA experience. Is it a good ROI? Then, 1 year accelerated MBA programs is the go-to option. Or, you want a more immersive experience and time for networking with your peers?- Then, a two-year MBA would be a good option for you.

CREATE STRONG MBA APPLICATION

Here is a table showing you the differences between the criteria of two-year and one year MBA programs. It will help you in your decision-making process and knowing your fit to the one year MBA programs in USA.

CRITERIA Two Year MBA One Year MBA
Academic Background Candidates from diverse backgrounds are accepted— Top MBA programs observe diversity in their class profiles. Since the one year MBA program is intense and fast-paced, the program is better suited to candidates with strong quantitative backgrounds such as economics.
Work Experience The average work experience is 4-5 years. Deferred MBA programs also allow fresh graduates to apply to two year MBA programs without work experience. At the best One Year MBA programs, the average work experience is slightly greater than five years, going up to 10 years for the USC (I-BEAR) 1-Year MBA program. At international one year MBA programs such as INSEAD and Cambridge: Judge, most candidates bring greater than five years of work experience.
Career Goals Internships and other extra-curricular activities allow candidates to explore different career paths before committing to full-time recruiting. There is also more time to study elective courses in the 2nd year of the MBA program. Due to the intense nature of the one year MBA program, there are fewer opportunities to explore different career paths before full-time recruitment begins. Thus, candidates should have clear and focused career goals.
Cost The total estimated expenses per year for the two year Kellogg MBA program is $105,610. Thus, the program brings up the overall costs to up to $200k+ for two years. Besides the significantly higher investment, there is also the opportunity cost of two years of lost salary. The total estimated expenses for the one year Kellogg MBA program are $140,366. Significantly lesser than the two years program overall. Besides, the opportunity cost is also lower as you only spend oneyear away from the job market.
Networking A two-year program provides significantly greater networking opportunities both within the campus and outside. You not only get to meet 2nd year students during your first year, but you also get to interact and mentor other first-year students as you advance to the 2nd year of your MBA. Networking may be limited as you interact with candidates from only your cohort. Also, reduced networking opportunities outside campus due to a lack of internships.

DO BUSINESS SCHOOLS OFFER 1 YEAR MBA PROGRAMS IN USA?

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Yes, indeed! They certainly do offer 1 year MBA programs in USA. Some of the ones that provide two-year MBA programs also offer one year MBA programs. Many of the best business schools in the United States, particularly the top 50 business schools, always offer two-year MBA programs. The norm in the US is a two year MBA program. The market, however, is shifting towards the 1 year accelerated MBA programs. MBA students want greater flexibility, and taking two years off from employment to attend management school has become increasingly difficult.

In response to these changes in demand, many US business schools are now offering one year MBA programs in addition to two year MBA programs.

Here is a list of the best 1 year MBA programs in USA with extensive information, based on their rankings:

KELLOGG ONE YEAR MBA PROGRAM

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The Kellogg one year MBA, which lasts one year from June to June, is one of the best 1 year MBA programs in USA. The Kellogg one year MBA curriculum begins in the summer so that applicants may become acclimated to the demanding academics before starting the second year of the two-year full-time MBA program in September.

Students pursuing the Kellogg one year MBA program can select from seven different majors and six distinct routes. While a major allows you to develop significant knowledge in a particular business function, a path is an integrated, cross-functional sequence of courses that focuses on a specific skill set or industry. The different pathways offered in the Kellogg one year MBA program include:

• Data Analytics

• Entrepreneurship

• Growth and Scaling

• Healthcare at Kellogg

• Real Estate

• Social Impact

• Venture Capital & Private Equity

CORNELL ONE YEAR MBA PROGRAM

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Cornell one year MBA program begins in the summer semester with a 10-week crash course in business foundations that includes leadership training and a case competition.

Applicants to the accelerated Cornell one year MBA program must have a professional certification or an advanced degree.

Eligible certifications and advanced degrees from the Cornell one year MBA program include:

• Chartered Financial Analyst (CFA)

• Certified Public Accountant (CPA)

• Institute of Chartered Financial Accountants (UK and India)

• Society of Actuaries

• Project Management (PMP)

• JD

• MD

• M.Eng

• MHA

• M.Ed

• MS

• PhD

DUKE FUQUA ACCELERATED MBA

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Duke Fuqua is one of the most recent business schools in the United States to offer an expedited one year MBA program and coming in the list of the best one year MBA programs. With 399 students in the class of 2024, Duke Fuqua accelerated MBA has one of the enormous class sizes of any 1 year MBA program in USA.

The following degrees are required for Duke Fuqua accelerated MBA program:

• Master of Management Studies (MMS) degree from Duke’s Fuqua School of Business.

• Master’s in Management Degree or equivalent from an accredited business school.

• 1-year Master of Business Administration degree from an accredited graduate business school.

In the Duke Fuqua accelerated MBA, the semesters in the fall and spring are separated into two equal 6-week halves. In addition to the compulsory management communication courses, students may select three optional practices in each half of the fall semesters of the one year MBA program.

Students can also pick up to 13 other concentrations, such as strategy, marketing, FinTech, and finance in the one year MBA program. Aside from specialization, students might pursue a certificate of distinction in a particular subject with Duke Fuqua accelerated MBA.

The following certifications are available in the Duke Fuqua accelerated MBA:

• Certificate in Finance

• Certificate in Health Sector Management (HSM)

NOTRE DAME (MENDOZA) ONE YEAR MBA PROGRAM

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The Notre Dame (Mendoza) accelerated program or the Notre Dame one year MBA, like the other best one year MBA programs covered in this article, is oriented for people who already have a business undergraduate background.

Students enrolled in Notre Dame’s one year MBA programs bring an average of five years of professional experience to the classroom. The curriculum of the 1 year MBA program in USA begins with a 9-week intense summer term, following which students enter the second year of the 2-year MBA program.

A few signature experiences that are a part of the Notre Dame One Year MBA Program are:

• Business on the Front lines

• Applied Investment Management

• Global Opportunities

USC MARSHALL ONE YEAR MBA PROGRAM

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USC Marshall I- BEAR or the USC Marshall one year MBA program for mid-career professionals is an anomaly compared to the other programs discussed in this article.

Students in the USC Marshall one year MBA program have an average of 11-12 years of work experience and are 34-36 years old. Candidates with scientific and engineering backgrounds make up the majority (41%) of the I-Bear MBA class. In addition, candidates with expertise in the consumer services/CPG industry account for 36% of all pre-MBA career industries.

The USC Marshall one year MBA program aims to equip applicants with an immersive and experiential learning framework to build knowledge, tools, and business networks. As a result, the I-BEAR MBA program includes global business consulting projects (referred to as IBCP) as an essential component of the MBA experience.

Students in the USC Marshall one year MBA program have completed hundreds of projects in various world regions so far. As a result, the students of the one year MBA program have gained extensive knowledge and a broad network of contacts in almost every country, allowing us to achieve exceptional outcomes for both participants and sponsoring organizations

KEY DATA ON THE BEST 1 YEAR MBA PROGRAMS IN USA

Program Name Cornell Johnson Duke Fuqua Accelerated MBA Kellogg Accelerated MBA USC Marshall (I-Bear) Notre Dame (Mendoza) Emory (Goizueta)
Enrolled 2021 395 100 100 56 43 63
GMAT Score Range (Middle 80%) 610-730 660-740 650-740 N/A 550-700 580-740
Average GPA/Range 3.62 3.1-3.87 N/A N/A 3.4 N/A
Average Age (in years) 29 28 28 33 N/A N/A
Average Work Experience (In years) 5.6 5.5 5 10 5.1 5
Tuition Cost (In US $) 141,170 86,835 101,288 115,380 78,874 101,132

*Source of Data: Poets and Quants

For experienced professionals who lack the time for a traditional MBA but still crave career advancement, Executive MBA programs (EMBA programs) offer a compelling alternative. EMBAs are specifically designed for working executives, often featuring flexible formats like evenings or weekends, and a curriculum focused on practical leadership skills directly applicable to your current role. If you’re a busy professional seeking to refine your leadership skills and propel your career forward, an EMBA program might be the perfect fit.

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Frequently Asked Questions

1.

What is the best MBA program in the US?

Kellogg one year MBA program, ‘Cornell one year MBA program, Duke Fuqua Accelerated MBA, Notre Dame (Mendoza) one year MBA program, USC Marshall One year MBA program

2.

Is a one year MBA worth it?

A one year MBA program is an appropriate choice if you want to rise to a leadership role, expand on your undergraduate business experience, and take advantage of the different electives that business school has to offer in these one year MBA programs.

3.

Can you complete an MBA in 1 year in the USA?

Yes, indeed! They certainly do offer 1 year MBA programs in USA. Some of the ones that provide two-year MBA programs also offer one year MBA programs.

4.

What is a one year full time MBA?

a one year MBA program provides a fast track to an MBA- 1 year accelerated MBA in US. One year MBA programs offer the same MBA credentials in half the time and at a far reduced cost.

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