Traditional two-year MBA programs require a summer internship, offering job-seeking graduates an excellent leg up on being hired, according to a BusinessWeek article profiling the rise in popularity of one-year MBA programs.
One-year MBA programs are now as popular as the longer master’s programs because they offer accelerated course work and flexible schedules for those working.
Candidates in full-time, one-year programs who are looking for new jobs encounter one disadvantage, though: They’re expected to complete significant coursework during the summer months, while their two-year peers are gaining valuable proof-of-performance experience interning at leading companies.
In this tough job climate, when many companies are only making offers to students from their MBA summer internship cohort, that can leave one-year students at a disadvantage when it comes to the job hunt, concedes Huntsman’s Snyder [Ken Snyder of Utah State University's Jon M. Huntsman School of Business]. The school has had to be creative about helping students prepare for the job hunt and find opportunities.
“Sometimes when we talk to the big companies, they’ll say we have most of our MBA hires locked up from the summer,” Snyder says. “We have to work hard to make up for the challenges of not having that summer internship.”
Some argue that most one-year MBA programs have been designed for more-experienced business workers looking to advance their careers or continue in the same sector or industry, according to BusinessWeek. Alison Fromm, a student at Pittsburgh’s Katz School, said she believes saving time and getting back to the workforce with the degree outweigh the challenges of the market.
Fromm, a former employee of health-care company Bayer, told BusinessWeek, “With this, I can get my business foundations, not spend too much time out of the workforce and get right back in.”
[Image by David Gn Photography via Flickr CC 3.0]
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