Top One-Year MBA programs in US
The graduate Master of Business Administration (MBA) degree has traditionally been a two-year program in the United States, but one-year MBA programs are gaining popularity as increasing numbers of prospective graduate students seek more time-efficient and economically prudent options. The Graduate Management Admission Council estimates there are 186 one-year programs as of 2014 in the United States so choosing the right program can be daunting. Luckily, numerous reputable organizations have ranked the top one-year MBA programs.
These programs are
- Northwestern (Kellogg)
- Cornell (Johnson)
- Emory (Goizeuta)
- Notre Dame (Mendoza)
Kellogg School of Management
Northwestern's Kellogg School of Management developed one of the first one-year MBA programs in the United States. More than 50,000 alumni have graduated from Northwestern University in Evanston, IL. The one-year program runs from June to June. Students select one of seven majors, or they may choose to pursue a degree in general management. Northwestern's program stands out from other one-year programs because it does not have a core course sequence. Instead, students choose from over 200 courses at their discretion. A complete applicant for admission contains an undergraduate degree with a high G.P.A., personal essays, a GMAT or GRE score, positive references, and a resume among additional requirements. Accepted students will have considerable coursework in calculus, economics, and statistics. The application fee is $250. At least two years of work experience is strongly recommended. Roughly 120 students are in the one-year MBA. The vast majority had GMAT scores above 700 and anywhere from 2 to 12.5 years of work experience. Tuition fees alone cost $89,000 for 2014-2015. Northwestern has a top-notch Career Management Center and alumni network to assist current students and alumni in securing their dream jobs. 94% of students in the Class of 2014 had a job within three months of graduation. The median base salary after graduation is in the six figures.
Samuel Curtis Johnson School of Management
Cornell University's Samuel Curtis Johnson School of Management offers a prestigious one-year MBA intended for experienced professionals. Cornell's Johnson School of Management was established in 1946 and is known for its close-knit community, unique MBA programs like its Tech MBA, and its emphasis on global business. The one-year MBA program runs from May to May. The degree is a faster, more compact version of the two-year MBA program with a Management Practicum in the fall that resembles an internship. Cornell's one-year MBA is a good choice for advanced professionals who want to minimize their time out of the office. Tuition fees are currently $90,000 for 2014-2015. The 74 students in the 2015 class had a median GMAT of 700, median GPA of 3.54 and over five years of work experience. To be considered for admission, applicants should have considerable work experience and an advanced degree. They should also submit a school application, resume, two essays, letters of recommendations, GMAT/GRE scores, and transcripts. The application is $200. Cornell has a number of corporate sponsors that recruit Johnson students. It also offers individualized career counseling and summer career workshops. 90% of students had jobs within three months of graduation, with a mean base salary of $117,000 in 2014.
Goizueta Business School
Applicants should also consider the one-year M.B.A. program at Emory University's Goizueta Business School. Goizueta's is nearly 100 years old and its full-time MBA program ranks first in the United States for career placement. The one-year MBA program is structured for experienced professionals with clearly defined career goals, students pursuing joint degrees at Emory, and entrepreneurs. The three-semester program runs from May to May. Students take core courses in the summer semester and elective courses in the last two semesters. Admissions requirements include an online application, $150 application fee, resume, a number of essays, transcripts, references, interviews, and GMAT/GRE scores. The 57 students in the class of 2015 had a 3.4 average GPA, GMATS ranging from 570-800, and six years of work experience. Tuition costs alone are $104,000. As noted, Goizueta is renowned for its career services. The school's career management center helped place 98% of its graduating students in 2014 with obtaining jobs within three months of graduation. The average salary exceeds $107,000. Even more remarkably, 90% of students had job offers before they graduated.
Mendoza College of Business
One final school to consider is the University of Notre Dame's Mendoza College of Business. The University of Notre Dame is the only Catholic business school included in this list and ranks 25th among U.S MBA business schools. It is known for its networking capabilities. Notre Dame's one-year MBA program is tailored for individuals with bachelor's degrees in business and who already have significant, relevant work experience. The program runs from May until May with a fast-paced summer session that accomplishes in 10 weeks what takes the two-year MBA a year to complete. One-year MBA students join the second year MBA students in the fall for their remaining courses. Admission requires credits in statistics and financial accounting, references, a GMAT or GRE score, transcript, and an essay. Tuition costs are nearly $95,000. The 60 students in the class of 2014 had a mean G.P.A of 3.28 and nearly 5 years of work experience. Mendoza is a good choice because of its strong alumni network and networking capabilities.