One year MBA: Is it worth it?

One year MBA is much in news these days. A complete M.B.A. degree in half the time and for less money. What can be more promising than this? But is it really? This idea definitely allures cost conscious students.

Business students need to learn that it isn't just about cost. You need to consider the benefits of the one-year MBA program, as well as the drawbacks. The drawbacks include fewer networking opportunities, the potential loss of a summer internship which is often the key to land in a full-time job and deep immersion in individual subjects.

MBA in one year: Is it possible?

While many students may opt for one-year MBA program but thinking that you can understand all the basics of management in just one year seem impossible. MBA is a vast zone, which takes at least seven or eight months to learn the fundamentals of business, such as strategy, marketing and finance, and another year to get “in-depth” knowledge in those areas.

One year MBA affect salaries

You may save some money pursuing one-year MBA, but the immediate returns are meager. Students graduating from one-year programs generally get smaller pay packages while as two-year MBAs are paid relatively more. Even two-year MBAs get jobs easily in comparison to one-year MBAs who may not get placed anywhere so immediately.

Reputed companies may not hire One-year MBAs

Most often students doing one year MBA are not able to participate in summer internships at reputed companies, such as those in finance, banking and IT. It further shrinks their prospects of getting a handsome full-time job after graduation. Many companies hire its associates from one-year MBA lot and higher roles are secured by candidates who have done two-year MBA program.

One-year MBA & two-year MBA: Pros and cons

Experts believe that one-year MBA can be a good option for those with strong work experience and clear career path. A one-year MBA program may suit those candidates who wish to shift from one domain to another within the same firm. It can also work well for those who want to stay in the same field but move to a different company.

A two-year MBA is a promising option for those students who are seeking a complete career change. A full-fledged MBA program includes internship and many additions. There are broader opportunities available for learning. To sum up a shorter MBA program is a slow career accelerant while as the two-year option is a trigger for a speedy career.

Conclusion

Prospective students who are preparing for CAT exam need to understand the pros and cons of a one-year MBA program over two-year MBA program. So before making leaps into unknown zone understand the various outcomes and experiences of one-year MBA. May be you are being short-sighted while considering the length and cost of one-year MBA.