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What’s better? A One-year or a Two-year MBA

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Look for your choices, pick the best one, and then go with it.’ - Pat Riley

 

Once you’ve made up your mind to do an MBA, you’ll find yourself perplexed with a variety of options related to country and college selection. Besides, you’ll find yourself contemplating whether to opt for a One-year or a Two-year MBA program. Here, we aim to provide you the toolset required to make an informed decision.

One of the pertinent concern most applicants face regarding this decision is assessing the quality of education on offer. Does a One-year MBA offer the same quality of education as opposed to a Two-year program? The short and sweet answer to that quandary is a resounding Yes! Duration is by no means a yardstick to be used while evaluating quality.

You must then be thinking, what possibly could be the purpose of a Two-year program when students already have the possibility to acquire similar knowledge and information through a One-year program? The answer to that is a bit complex. What we need to understand is that the duration of an MBA program is country and individual requirement specific.

Let’s see if we can make it simpler for you! While educational institutes in countries such as the US have a definite orientation towards a Two-year MBA program, MBA schools in European countries (except schools such as HEC, Manchester, and LBS) prefer a 1-1.5-year duration. In Nepal, most Executive MBA programs have a one-year term. Singapore offers students a 16-month program. Canada provides options for both, One and Two-year MBA programs. The vast number of permutations and combinations possible makes choosing between one or the other an overwhelming process.

One other factor (possibly a defining one) that has a bearing on the type of an MBA program on offer is a students’ individual requirement. While some prospective MBA applicants look at further harnessing their managerial knowledge base, others aim for a complete functional change. Business schools offer programs of variable time durations to serve the needs of as many students as possible.

Let’s now have a look at some of the crucial distinctions between the two programs:

One-year MBA

Two-year MBA

Does not offer an internship and hence, limits networking opportunities.

Offers internship, networking and career building opportunities.

Suitable for students with over 5-10 years’ work experience. Eligibility is also dependent on an exceptional GMAT score.

Suitable for students with 5 or fewer years of work experience. Eligibility is not solely determined by GMAT scores.

Has pre-requisite requirements such as quantitative knowledge (Math or Economics) and managerial experience. Also suitable for applicants who have completed an MBA program albeit from a less recognized university (as per international standards).

Applicants can have an educational background in any subject like the Arts, Media, Technical or Military. Students are not expected to have a prior managerial experience either.

Unsuitable for complete functional change.

Preferred program for students aiming for a radical change in their industry and function.

Faster Returns on Investment.

Slower Returns on Investment.

Fewer options for B-school selection.

Relatively higher number of B-schools offer a Two-year program.

Immense pressure that requires significant time commitment daily.

Students have the chance of exploring the program, their goals, and other opportunities.

Cost is significantly lower.

Cost is significantly higher considering the additional year of living expense, tuition fees, and lost earning opportunities.

Suitable for senior executives who are aiming for sponsorship from their current employer and entrepreneurs.

Suitable for applicants who are comfortable returning to the professional world after a two-year hiatus.





Ultimately, the choice of opting between a One-year or a Two-year MBA program depends on individual preferences. We at Education First, can make the process of arriving at that decision relatively simpler by aligning you with our consultation experts who have years of experience in providing correct guidance to thousands of students. If you find yourself in a similar dilemma, get in touch with our International Education experts right away by calling us at 01-4247067 or 01-4262513!