There’s no denying the face, or rather the format, of the MBA is evolving. With various options including flex-MBAs, online MBAs, and part-time programs, business schools are making drastic changes to ensure their full-time MBA programs remain relevant.
From the inception of the first MBA program at Harvard Business School in 1908, a lot has changed. Some decades later in 1957, the first European MBA program was created at INSEAD in Fountainebleau, and in that same year, INSEAD also became the first school to offer a one-year MBA program.
Today, US programs are usually two years long, with the exception of some one-year programs. It’s worth noting that Johnson School of Management at Cornell University is the only Ivy League school to offer the one-year MBA program.
One-year programs have certainly been on the rise in recent years, with many programs marketed at candidates with more work experience under their belt – those hoping to advance in their careers in the same industry rather than switch career track.
The traditional two-year MBA program remains popular – especially the summer internship element – however, more and more students are looking towards streamlined one-year MBA programs, to minimalize disruption to their career.
The benefits
B-schools offering traditional two-year degrees say the possibility of trying out a new profession during a summer placement is a major advantage for students, whereas schools offering one-year programs say the format is an accelerated option, benefitting students with clear career goals.
Why choose a two-year MBA?
Students who choose the traditional format are said to have a richer college experience. You’re able to access the academic environment for longer, and in turn have more interaction with fellow students and professors.
Although knowledge and understanding can be acquired relatively quickly, developing competence requires more time. To acquire in-depth knowledge, you need time to digest and integrate content. You need to read, apply material, build presentations, study, write exams, and use the material in real-world situations.
Two-year students focus on their studies with minimal distractions and look at the big business picture from the beginning. It means you’ll be a great choice for management fast-track programs, entry-level consulting jobs, or any other graduate-level job in business.
The two-year format isn’t as intense as the one-year format, and offers a wide range of electives, placements and study trips which allows you to focus more precisely on your studies. That is why many of the most prestigious schools in the US stick to the traditional format.
Why choose a one-year MBA?
Almost all European business schools offer the more compressed MBA format. In the UK alone, examples include Cass Business School, Warwick Business School and Lancaster University Management School; in Spain you’ll find IE Business School; France has INSEAD; and students in Italy can choose Bocconi University.
Comparatively, the number of US schools offering the one-year MBA program is much smaller but includes Kellogg School of Management; Thunderbird School of Global Management; Johnson School of Business at Cornell University, USC Marshall and Boston University, to name but a few.
Students who have clear career goals and are ready to dive into the corporate world can do so without delay by choosing a one-year program.
As the program length is halved, this also means many financial elements are cheaper too, including accommodation, traveling, tuition (in some cases) and fees.
Similarly, as the degree is shorter, this means you remain close to the job market – meaning you can keep an eye on the position you hope to earn, and land it that much sooner. Therefore, the return on investment can indeed be faster through the one-year format.
Best two-year programs

Stanford Graduate School of Business
Stanford Graduate School of Business is ranked first in the QS Global MBA Rankings 2019 – jumping up from fourth position the previous year. The b-school is the most selective institution in the US, with more applicants per spot than any other in the country.
Stanford’s two-year program tuition is the third most expensive in the world at US$141,180. However, compared to a pre-MBA salary of US$80,511, graduates are said to earn on average US$144,455, making the investment worthwhile.
It’s class of 418 students boasts 40 percent women, 41 percent international students and 61 nationalities are represented.
Stanford GSB students are also part of the greater Stanford University student body. That means students can participate in all extra-curricular programs, organizations, performances, and forums that makes Stanford student life a richer experience. Organizations include Aerospace Business Club, Big Ideas Club, Challenge for Charity, Europe Club, and much more.











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