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Should You Do a Mini MBA?

Should You Do a Mini MBA? main image

From tens of thousands of dollars or pounds in tuition fees to up to two years of studying or more if choosing a part-time MBA, it’s no news that a traditional MBA is an investment.

While it certainly helps people revamp their career, start business ventures, and acquire a wide range of new skills, some may be worried about such a costly and time-consuming commitment, especially if they’re already working full-time.

For this reason, many institutions have introduced mini MBAs – an easier option for aspiring entrepreneurs and businesspeople to go back to school.

Let’s take a look at the specifics.

What is a mini MBA?

A mini MBA is a graduate-level program offering both online and in-person teaching. It doesn’t result in a degree qualification, but it still gives its graduates professional credentials.

Mini MBAs typically cover traditional MBA courses – such as accounting, management, finance and entrepreneurship – in a more introductory and concise way.

The first mini MBA was introduced in 1949 at McGill University in Canada, and the model has now been adopted by schools across the world, with the highest number of programs located in the US and the UK.

Pros

The first advantage of doing a mini MBA is the cost. While the average MBA costs tens of thousands, oftentimes reaching US$150,000(GB£114,716) at top business schools, mini MBA tuition fees run from US$500(GB£382.52) to a few thousand.

In some cases, mini MBAs are actually free: last year, Irish fintech organizations launched a free, fully-funded 12-month program for young fintech talent.

The second advantage is time. Depending on the institution, mini MBAs can last as little as a week, with a more intense approach, or span across several months.

It’s a much smaller commitment than a regular MBA, which can undoubtedly benefit full-time workers and/or caretakers who cannot afford the burden of investing substantial sums of money and time into a full degree.

Cons

While mini MBAs can make it easier for certain people to go back to school, unfortunately as they aren’t universally recognized as a degree, they can’t guarantee graduates the same benefits of doing a traditional MBA –  such as career advancement or a significant pay rise in the workforce.

Furthermore, while they do cover the same topics of regular MBAs, the limited amount of teaching hours and modules doesn’t give students all the skills necessary to start their own business or drastically improve as an employee – or, at least, not to the same extent of full-time MBA programs.

Should I do a mini MBA?

If you’re thinking of going to business school, you should first assess how much time and money you’re willing to invest in post-graduate education.

If you think a traditional MBA might be too much for you, a mini MBA might be the right choice, as it would provide you with valuable learning opportunities without interfering too much with your daily life (and who knows, you might still be able to do an MBA in the future!).

On the other hand, if your goal is to drastically and quickly upgrade your status in the business world and/or start a new venture, then a traditional MBA will be worth the investment.

Written by Linda Mohamed

Linda is Content Writer at TopMBA, creating content about students, courses, universities and businesses. She recently graduated in Journalism & Creative Writing with Politics and International Relations, and now enjoys writing for a student audience. 

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