What is the Fastest Way to Earn my Business MBA?
An MBA programs teaches leaders how to be strategic thinkers, and gives professionals in each industry the opportunity to network with a wide spectrum of like-minded professionals. As the saying goes, it costs money to make money, and earning your MBA will certainly pay off if you take advantage of the new opportunities it will present you. Some of the most reputable MBA programs can cost upwards of $150,000, but according to Bloomberg’s studies, these graduates earn an average of $102,000 after graduation. In less than two years, these MBA graduates have completely recouped the expense of earning an MBA degree. If you are ready to commit your time, you may be wondering which route to take so that you can earn your degree in as little time as possible. Here is a guide to accelerated MBA programs for students who want to take the fast track:
Bypassing Traditional MBA Programs to Complete an Accelerated Program
With more and more students acknowledging the need for an MBA to compete in today’s competitive labor force climate, more and more business schools are offering accelerated programs that will offer selected students to earn their Master of Business Administration in as little as 1 year. These shorter business school graduate programs are much more intensive than the average 2-year program, allowing the school to condense the time frame while still teaching students everything that they would expect to learn in half the time.
What Are the Advantages of Taking an Accelerated MBA Program?
Many people put off earning a graduate-level business degree because they believe that it will take too much time, but with the more desirable 1-year models undergraduate students are more open to advancing their careers by completing an advanced MBA degree program. There is a growing trend in the MBA market, and most employers are more open to hiring professionals with an MBA over those without one. By taking an accelerated program, students can increase their salaries and still pay a much lower price tag for their degree. With higher graduation rates and lower tuition costs, the accelerated one-year program is right for students who do not desire to be an intern.
How Many Schools Offer These Programs?
You may be wondering how many programs you can choose from if you want to earn your MBA in 1 year.Based on a list of schools that are accredited with the Association to Advance Collegiate Schools of Business, there are 44 schools who hold accreditation that currently have a form of the accelerated program. While all of these programs are accredited, they are up for renewal in the upcoming years and some may not be offering sufficient curriculum. You must be careful when selecting a program, and be sure that the standards set by the AACSB are being met before you pay the high price to earn your MBA.
You must consider your lifestyle, your experience, and your future goals before you select a 1-year MBA program. The business degree can help you land high-paying jobs, but the program is not for everyone. Students who have years of experience in business may not need an internship, but students may not enjoy the flexible schedule offered by a traditional business school when enrolling in a fast track MBA program. Be practical, and choose a program dedicated to giving you an advantage in the job market.
