Content Writer - Study Abroad | Updated On - May 14, 2024
Highlights:
- One year MBA in USA is 20-30% cheaper than the conventional 2 year MBA program
- You need 2-6 years of work experience for admission, depending on the university
- Your GMAT score must be competitive since most universities accept a range of 550-750
- More than 90% of the students completing 1 year MBA in USA gets a job within 3-6 months of graduation
- Pursuing one year MBA in USA makes you eligible to take up different jobs in the USA for up to 3 years
Looking to study MBA but do not have much time? One year MBA in USA is a quicker alternative to the conventional 2 year MBA program. The one year MBA in USA is efficient, flexible and a great alternative to MBA education in business. Some top universities in USA for 1 year MBA are:
- Cornell University
- University of Southern California
- University of Florida
- University of Pittsburgh and numerous others.
These business schools along with many others offer the one year MBA programs in USA as a combination of a STEM-designation path, and an accelerated curriculum. The requirements vary, but you will usually need a
- GPA of 3.0 out of 4.0 (85%) or higher
- GMAT score of above 550 up to 740
- Professional experience between 2 and 6 years.
The cost of pursuing one year MBA in USA is comparatively lesser than the full-time MBA in USA. You need to pay around USD 40,000 - USD 80,000 as tuition fees for 1 year MBA programs in USA. The admission round of one year MBA in USA commonly begins in September or October. The one year MBA intakes in USA for international students is between January to early April depending on the university.
Table of Content
One Year MBA in USA vs 2 Years MBA in USA
A quick comparison of the one year MBA in USA for international students with the 2 year MBA in USA is given below. We have compared one year MBA in USA with 2 year MBA considering factors like
Affordability, Popularity, work experience required for 1 year stem mba in usa and others.
| Particulars | 1 Year MBA | 2 Year MBA |
|---|---|---|
| Affordability | 20-30% more affordable than 2 year MBA across universities | Standard cost is higher than 1 year MBA |
| Duration | Accelerated career development | Longer time span |
| Suited For | Best suited for experienced professionals from business background | Good for experienced students or students opting for a career change from a different stream |
| Popularity | Growing acceptance among employers, considered equal to 2 year graduates by top US universities | Traditionally popular program, graduates from USA are welcome across the globe |
| Networking | Less or no networking opportunity | Networking opportunities with seniors and juniors, hands-on training and internship opportunities |
| Work Experience | Higher academic and work experience standards than 2 year full-time MBA | Standard academic and professional experience requirements |
Why Study One Year MBA in USA?
If you are confused about whether to study the 12 months accelerated MBA program, here are some factors to consider before applying for admission:
- The 1-year MBA is an accelerated program designed for undergraduate students coming from business or commerce background.
- MBA courses in USA for 1 year can secure equivalent jobs to 2 year MBA graduates with demonstration of academic excellence.
- Students with F-1 Visa pursuing 1 year MBA programs in the USA can opt for STEM OPT extension.
- It makes them eligible to take up different jobs in the USA for up to 3 years.
- You can make a change in career can pursue the 1-year MBA program.
- Students with professional experience that can replace the need for internships can choose to avoid the 1 year MBA program.
Top Universities for One Year MBA in USA
Top one year MBA programs in USA have become a milestone for the last 50 years. Indian students constitute a good number of the MBA classes in USA. Some of the top institutes offering a 1 year MBA in USA and their admission details are as follows:
| University | Tuition Fees (USD) | Program | Application Deadline |
|---|---|---|---|
| Cornell University | Summer: 42,068 | Tech MBA | Round 2: January 10, 2024 |
| Fall/Spring: 76,690 | Round 3: April 10, 2024 | ||
| University of Florida | 62,807.52 | Weekend Professional One-Year MBA | Round 2: January 5, 2024 | Round 3: March 1, 2024 | Round 4: April 15, 2024 |
| University of Southern California | 132,351 | IBEAR MBA (International) | Round 1: October 15, 2023 | Round 2: January 5, 2024 | Round 3: March 1, 2024 | Round 4: April 15, 2024 | Round 5: Rolling |
| University of Pittsburgh | 79,500 | Accelerated MBA | April 1, 2024 |
| Northwestern University | 108,016 | One-Year MBA | Round 2: January 10, 2024 | Round 3: April 3, 2024 |
| University of Notre Dame | 85,400 | One-Year MBA | January 10, 2024 |
| Emory University | 108,653 | Goizueta One-Year MBA | Round 2: January 8, 2024 | Round 3: March 6, 2024 |
| Babson College | 89,550 | One-Year MBA | March 14, 2023 | April 20, 2023 |
| Tennessee State University | 13,281 | MBA Accelerated | Fall: April 1, 2024 | Spring: September 1, 2024 | Summer: February 1, 2024 |
| Bryant University | 45,600 (1,140 per credit for 40 credits) | One-Year MBA | - |
| Hult International Business School | Boston and SF campus: 85,000 | London campus: 64,000 | Dubai campus: 295,000 AED | Global One-Year MBA | Round 5: June 30, 2024 |
| Florida International University | 47,000 | Full-time International MBA | June 1, 2024 |
Students facing financial challenges can explore the university-provided scholarships and externally funded MBA scholarships in USA.
Admission Process for 1 Year MBA in USA
One year stem MBA in USA is one of the most efficient and time saving MBA courses in USA. The course attracts both college graduates and working professionals. The steps of applying to 1 year MBA in USA are as follows:
- Step 1: Choose the program and related specialization you want to pursue
- Step 2: Check the top universities in USA offering your desired program
- Step 3: Check eligibility, upcoming deadlines and supporting documents required
- Step 4: Complete the application form and submit the application fees (if applicable) to your desired college(s)
- Step 5: Submit all the required documents through mail, email or any other means specified by the institute for best 1 year MBA programs in USA
- Step 6: Wait for the admission decision and if selected, follow the further instructions from the university or college.
1 Year MBA in USA Admission Requirements
Following is a list of the common admission requirements for admission to the best 1 year MBA in US:
- Completed application form
- A minimum GPA of 2.5 to 3.0 (79-85%) on a 4.0 scale or above
- Academic transcripts
- Statement of Purpose (500-600 words)
- Personal essay
- CV
- Proof of fund availability
- Academic and professional LOR(s)
- Proof of professional experience (2 to 5 years minimum)
- Competitive GRE or GMAT score (GMAT range: 550-740)
- Competitive TOEFL score or equivalent (Average TOEFL Score: 100)
One year MBA Class Profile
The specific admission requirements for 1 year MBA in various schools, colleges or universities in USA are tabulated below:
One Year MBA in USA Placements
The one year MBA course in USA has similar job opportunities like the traditional MBA program. Over 90% of the graduates secure MBA jobs in USA across their desired field within 6 months of graduation.
- The base salary of the 1 year MBA graduates at Cornell is 138,900 USD per annum.
- Graduates have also secured a signing bonus of 23,868 USD
- Some top employers recruiting these graduates are, Amazon, Google, Accenture, EY, Clifford Chance, Tesla, Micron, and Cerner among others.
The admission and degree requirements for the 1 year MBA in USA is almost identical to the 2 year MBA courses. Most business schools in the US offer admission to the program in multiple rounds. The 1 year MBA program is best suited for students with undergraduate experience in Business grounds planning to accelerate their career journey. If you want to bypass the traditional 2 year MBA program, you can check the other affordable MBA programs in USA.
FAQs
Ques: Is 1 year MBA recognised?
Ans: Yes, one-year MBAs have become increasingly popular over the past decade, especially with more candidates with higher experience committing to the full-time MBA. many business schools in USA have not yet started to provide the degree. However, it is considered similar to any MBA degree.
Ques: Which is better, 1-year MBA or 2-year MBA?
Ans: If you are very sure about your post-MBA goals, a 1 year MBA is better. It will help you reach your goal faster. On the other hand, a 2-year program is of lesser significance as it will be less rigorous and less focused as compared to a 1-year program. So from a career growth prospective, a 1 year MBA is better.
Ques: Is one-year MBA difficult?
Ans: Yes, one year MBA can be difficult due to shorter time frame. One-year MBA programs frequently involve a tough schedule with little breaks due to the intense workload. This can result in a more rigorous academic experience with less time for other works.
Ques: Can freshers do 1 year MBA in USA?
Ans: Yes, freshers can do one year MBA in USA but it will be very difficult for them since they come with no work experience. Most universities ask for work experience while doing 1 year MBA in USA. There are very few universities that do not require work experience.
1723012108.png?tr=w-305,h-145,c-force?h=40&w=40&mode=crop)
1720763824.png?tr=w-305,h-145,c-force?h=175&w=350&mode=crop)
_in_usa1721024701.png?tr=w-305,h-145,c-force?h=175&w=350&mode=crop)
Comments