Published: August 1, 2012
One-Year MBA? Two-Year MBA? Pros and Cons
Preference for one-year MBA programs – common at European business schools, but traditionally less so at U.S. schools – is growing among prospective U.S. and Canadian applicants, according to an article this week in the Wall Street Journal. Lean economic times make the benefits of shorter programs, including lower tuition and less time and earnings lost while studying, appealing. But the WSJ article argues that these accelerated options may carry other costs that students considering them should bear in mind.
In 2009, 71 percent of U.S. and Canadian respondents to a survey by business-education research company QS Quacquarelli Symonds Ltd. preferred programs lasting 19 to 24 months, the WSJ reports. This year, that figure fell to 57 percent. Meanwhile, preference for programs lasting between 10 and 18 months rose, up to 29 percent of respondents from 21 percent in 2009. Some U.S. schools are responding to this increased demand, such as Northwestern’s Kellogg School of Management, which announced earlier this year that it plans to double the size of its one-year option. (Check out our Admissions Director Q&A with Kellogg’s Kate Smith for more on this.)
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