One Year or Two Year? Classic Hamlet Situation, isn’t it? MBA is arguably one of the most common and sought-after courses for students in the world since it is more investment than education. Theoretically, business school is about developing new business knowledge and perspectives, meeting new friends, and discovering the intangibles of being a boss. However, the question facing most students is whether to opt for one year or two year MBA. Read this blog on one year vs two year MBA to end your confusion!
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What is a One Year and Two Year MBA?
On the basis of duration, MBAs are classified into one year and two year MBAs. Provided by some of the world’s most internationally qualified esteemed business schools, MBAs for one year and two years are generally well known in the employment market.
Besides the distinction in names the time period of each, there are several important factors that distinguish each type. One year MBA courses are considered to be quite intensive, with education packaged in a 12-month program, whereas a two-year course encourages students to experience the MBA and also the life outside.
One Year vs Two Year MBA
|Parameters||Two-Year MBA||One-Year MBA|
|Work Experience||Students must have work experience of at least 4-5 years. Some MBA programs also allow fresh graduates to apply to 2-year MBA programs without work experience||1-Year US MBA programs, the average work experience required is more than 5 years going up to 10 years.|
|Future Scope||There is more time to explore elective courses in the 2nd year of the MBA program. Students can also explore internships and extra-curricular activities.||There are fewer opportunities to explore different career paths before full-time recruitment begins.|
|Cost||The average annual expense for the 2-year Kellogg MBA program is $105,610.||The average annual expenses for the 1-year Kellogg MBA program are $140,366 which is significantly lesser than the 2-Year program.|
|Networking||Students get an opportunity to meet and interact with students and also mentor other first-year students. Hence, the two-year program includes greater networking opportunities both within the campus and outside.||Networking is limited as students interact with lesser candidates for a short amount of time.|
Pros and Cons
The results of the one-year course can be easily identified. It helps those who have specific career aspirations and those who want to rise in the business world to do as early as possible.
A shorter time period means reduced financial costs, reduced spending and lower cost of living. In one year, you get to rejuvenate your career growth, instead of two years, and take less time out of lucrative employment. Having enrolled in a one-year MBA course will help you make good use of time. It doesn’t matter whether you’d like to pursue a career or in a company, you can make a profit in a single year.
Candidates will take their time to determine everything they expect from their MBA degree for two years. The two-year cycle offers them an opportunity to try new opportunities. A two-year MBA degree gives a chance to develop a solid base when it involves academics. In order to learn in-depth expertise, one requires time flexibility in order to establish their schedule as well as absorb and implement information.
Must Read: How to pursue MBA Abroad?
One Year vs Two Year MBA – Which is Better?
|One-year MBA||Two-year MBA|
|There are several One-year MBA courses that want students to get an undergraduate degree related to business. In addition, others will require a professional statement that demonstrates your career aspirations and ambitions.||The standard MBA course is implemented in a two-year system. Peers who prefer a conventional format have a rich learning environment and have greater access to the learning climate, networking opportunities and connections with students and faculty.|
|The benefit of having enrolled in a One-year MBA course will help to make better use of time. It really doesn’t matter whether you’d like to pursue a career in a corporation, you can make a profit in a single year.||The benefit of attending a Two-year full-time MBA course is that students will take the chance to prepare without disturbances and therefore are prepared to look at the total perspective of business from the onset.|
|They are a perfect option for fast-track management programmes, entry-level consultant positions, or some other graduate work in the industry.||They claim that because the success of some students is better than the others before 2 years, those students are eligible to earn a degree. However, it is important to find the completion time.|
|Some online One-year MBA programs are intensive and tailored for working students, while some are designed for full-time students. It is also advisable to confirm before continuing with the course.||The Two-year format is not as intense as the one-year format and offers a wide variety of electives, placements and research trips that allow students to concentrate more precisely on their studies.|
|The benefit of pursuing a One-year MBA is that it is also cost-effective.||Two-year MBAs are a bit expensive on the pocket but are very effective with the learning methods and quality approaches. That is why many of the most prestigious business schools prefer the traditional format.|
How to Choose Between One Year vs Two Year MBA?
Your choice of MBA degree should be entirely based on your schedules and professional aspirations. Unlike with a one-year framework, students in a two-year format have far more opportunities for non-academic and social events, as well as more time for summer internships. The crucial difference is the opportunity you need to recover and be part of a bigger environment outside of academics.
Unlike with a one-year framework, students in a two-year format have far more opportunities for non-academic and social events, as well as more time for summer internship, which is becoming a crucial requirement for seeking a career. This makes the two-year MBA degrees a strong choice for freshman students, whereas the one-year MBA course structure is a solid option for much more experienced professionals who prefer quicker entrance or smoother progress up the career pyramid.
Top 1-year MBA Programs
Check out the top one-year MBA programs to accelerate your career.
|Name of Institute||Location||Courses Offered|
|Kellogg School of Management||USA||10 to 11 month MBA course|
|Johnson Graduate Schools of Management, Cornell University||USA||1 year MBA course|
|Essec Business School||France and Singapore||ESSEC Global MBA|
|University of Stirling||UK||MBA|
|York St John University||UK||MBA Leadership and Management|
Top 1-Year MBA in India
With various options for MBA in India, the following business schools offer the best courses for 1-year MBA.
|Business Schools||Program Name||Program Fee (INR)|
|ISB Hyderabad||Post Graduate Programme in Management (PGP)||35,99,000|
|IIM Bangalore||Executive Post Graduate Programme in Management (EPGP)||27,50,000|
|IIM Calcutta||MBA for Executives (MBA-Ex)||27,00,000|
|IIM Ahmedabad||Post Graduate Programme in Management for Executives (PGPX)||28,00,000|
|IIM Indore||Executive Post Graduate Programme in Management (EPGP)||20,10,000|
|SPJIMR Mumbai||Post Graduate Programme in Management (PGPM)||20,50,000|
|MDI Gurgaon||National management Programme (NMP)||15,35,000|
|IIM Lucknow||International Programme in Management for Executives (IPMX)||23,50,000|
|IIM Kozhikode||Post Graduate Program in Business Leadership (PGP-BL)||22,50,000|
|Great Lakes Chennai||Post Graduate Programme in Management (PGPM)||19,25,000|
|IIM Udaipur||MBA- Global Supply Chain Management (GSCM); MBA- Digital Enterprise Management (DEM)||21,00,000|
|IIM Shillong||Post Graduate Program for Executives – Managing Business in Emerging Economies (PGPEx- MBEE)||18,75,000|
|K J Somaiya Institute of Management, Mumbai||MBA Executive (MBA-Ex)||8,17,400|
|SOIL Gurgaon||Post Graduate Program in Business Leadership||15,03,226|
Also Read: Indian MBA Vs Foreign MBA
Thus, we saw all about one year vs two years MBA in this blog. Wondering which one to pursue according to your goals and aspirations? Head over to Leverage Edu for expert assistance. Book your free session now!