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Thursday, August 25, 2005
Is the One-Year MBA a Good Option?
Interesting article just released today from about.com.==============================================
Is the One-Year MBA a Good Option?
When I enrolled at the University of Texas at Austin for an MBA program in 1991, there were hardly any business schools that offered a one-year full time MBA program. Full time MBA degree programs were supposed to last two years and a one-year MBA sounded suspicious.
Today, the one-year MBA is much more acceptable. But, one still needs to understand its Pros and Cons. I have evaluated all issues confronting one-year MBAs and have distilled them to the basics. My analysis of the one-year MBA program compares it with the two-year MBA program. Comparing the one-year MBA program to "not pursuing an MBA at all" is an entirely different discussion.
The Disadvantages of a One-Year MBA Program
No Internship Opportunity
One of the highlights of an MBA program is the summer internship. An internship provides work experience, exposure, and most importantly a foot in the door for full time employment. Since the one-year MBA does not have an in-built long break, students miss out on this great opportunity to further their career.
A One-Year MBA Program is Still Not Fully Acceptable
Despite the fact that the one-year MBA has been around for over two decades, not everyone is convinced that the value it provides is equivalent to that of a two-year MBA program. So, as a one-year MBA degree holder, you might repeatedly face a situation where you have to explain your education.
Reduced Coursework
Many one-year MBA programs claim that they are more rigorous and hence equivalent to a two-year program in terms of curriculum. I do not buy that. An MBA program is an academic program and cutting its duration by half does reduce the quantity of syllabus you go through. In my experience, one-year programs cut down more heavily on core courses than on specializations. This reduction of curriculum in general, and of core courses in specific, is a potential loss for one-year MBAs.
The Advantages of a One-Year MBA Program
Might Make an MBA Possible
In talking to several people who preferred the one-year MBA program, a common theme emerged -- that a conventional two-year program was not feasible for them. So, for many, the one-year program was the enabler of their business education. If this is applicable to you, it clearly is a big advantage of the one-year MBA.
Specialized Program
On the one hand there is a definite move towards avoiding specializations in an MBA program. On the others, there are those who choose MBA education solely for the opportunity to specialize in a particular field. By reducing the weight of core courses, a specialized one-year MBA program has the advantage that it is tailor-made for candidates who seek niche business education.
>>Source Article
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