Overview of QUICK MBA
A quick degree in MBA otherwise known as an accelerated degree in MBA is a compressed version of a regular 2 year MBA course into a 10-15 month duration. Such programmes are of a popular trend in Europe (also known as European MBA) and offered all around the world as an option to those wishing to opt for the faster way of obtaining an MBA degree to enhance their careers. This proves ideal for business professionals who are unwilling to take a two year hiatus from their careers and is also idea in terms of costs and time investment. Most students enrolled into such programmes claim that there’s not much of a difference from the regular 2 year course except that it’s quicker paced.
Quick MBA degrees can be exhausting as it demands an intensive coursework from a jam-packed schedule. Holidays are reduced to a few days, classes are scheduled 5-6 days a week and frequent tests and evaluations are held. Some students are of the opinion that there’s nearly not enough time for them to absorb crucial concepts taught in class and there’s no time for extracurricular activities. However this very situation enhances the problem solving abilities of students. Since this is an accelerated version of MBA, the classes are much quicker paced and knowledge of basic concepts is assumed. Therefore it is prudent and usually required from students enrolling in such programmes that they abide by certain pre-requisites like minimum two years of professional experience. This will aid students in better and faster grasping of concepts taught in these courses.
There’s really not much of a difference between the regular 2 year MBA course and the accelerated version – in fact completion of all the core courses and electives within the 10-15 month period is sufficient. Students also may not get to enjoy the benefits of a full time internship during the course of their programme due to time constraints. However, some B-schools can provide an international exposure using exchange programmes which is crucial when it comes to global learning and providing a window of opportunities to tackle problems at a global level.
Benefits of a Quick MBA
Pursuing an accelerated MBA is the best investment option in terms of money and time. Such programmes cost comparatively lesser than a regular 2 year course. According to the latest figures, 82% of students and alumni re-enter faster into their careers after completion of a quick MBA degree. This provides a definite boost in title and career.
Due to the rigorous coursework and exhaustive schedules, this fuels commitment to the concepts and material taught, boosts stronger bonds with other classmates and enhances alumni networks.
The eligibility criteria for a one year course isn’t much different from a two year course. Specifications differ from school to school however the basic criteria for acceptance continues to be:
A Bachelor’s degree in any discipline with a strong GPA, an acceptable GMAT score, clearance in English language Proficiency tests (wherever required) and at least two years of professional working experience. Some programmes require that students have an undergraduate degree in business education or have completed some pre-requisite coursework on business concepts because there is no revision of basics once classes commence.
1. Harvard Business School, US
2. London Business School, UK
3. University of Pennsylvania: Wharton, US
4. Stanford Graduate School of Business, US
5. INSEAD, France/Singapore
6. Columbia Business School, US
7. IESE Business School, Spain
8. MIT: Sloan, US
9. University of Chicago: Booth, US
10. University of California at Berkeley: Haas, US
11. Ceibs, China
12. IE Business School, Spain
13. University of Cambridge, UK
14. HKUST Business School, China
15. Northwestern University: Kellogg, US
16. HEC Paris, France
17. Yale School of Management, US
18. New York University: Stern, US
19. ESADE Business School, Spain
20. IMD, Switzerland
21. Duke University: Fuqua, US
22. University of Oxford: Said, UK
23. Dartmouth College: Tuck, US
24. University of Michigan: Ross, US
25. UCLA: Anderson, US
With the existence of Quick and accelerated MBA programmes, there’s no more worry of being out of market for a two year period. The value of an MBA, regardless of it being completed in one year or two years, still continues to be a driving factor in the growth of employment and enhancement of job prospects worldwide hence paving way for quick MBA programmes to be the desirable option for professionals around the world participating in the growth of different markets from different economies.