Risks involved in pursuing a one-year full-time MBA degree
As times have progressed, the demand and scope for one-year MBA programs have seen a drastic upvote. Perhaps the 2016 list of Financial Times rating the best B-school’s inclusion of one-year MBA college, INSEAD, may have something to do with the radical change. People are now opting to consume the perks of one-year MBA programs and its cost-effective nature. Apart from having to spare only one year towards education for working professionals, the diminutive tuition fees, as opposed to a two-year course, seems to have attracted students towards the course. The fact that companies are seeing one-year MBA graduates in the same line with two-year MBA graduates has further pushed prospective students to opt for the less time and money consuming course.
Disadvantages of a one-year MBA program
- Not recommended for ones who wish to switch careers
People who want to take an absolute switch in their career paths and get into business administration, a one-year MBA program wouldn’t be the right course for them. One-year MBA programs are specifically set for professionals who wish to elevate their already established career graph in the field of business administration.
Since it consumes less time, the course has a more focused approach. Hence, unlike a two-year course where students’ foundation is acknowledged and strengthened, one-year courses directly go for the established goals. Basically, their approach is on what would be taught in the second year of a two-year program, emphasizing on the specializations.
It is necessary to acknowledge the fact that students who enroll in a one-year MBA program may not have the time provisions for a summer internship. B-schools state that summer internships after the first year of a two-year degree play a very important role as there is a high possibility of the internships to culminate to full-time work opportunities.
Once again, time plays a boon and a bane with respect to a one-year MBA program. Lack of time results in a lack of networking opportunities. The aftermath of busy schedules of one-year programs would be less or no time to get to know your classmates who will soon become your industry peers.
