One-Year, Full-Time Limitations
A one-year MBA program does present some limitations you should consider.
· Internship opportunities are limited because there are no extended breaks between semesters, which could especially hurt career switchers.
· Some employers who require an MBA for career advancement may not consider a one-year program a favorable option for earning the degree. You should be sure your post-MBA employer will be supportive before you choose this type of program.
· Scholarships and Financial Aid
· Scholarship money may be available (get information from specific schools).
Loan money is available for eligible full-time students
Two-Year, Full-Time MBA
Two-year programs are usually four semesters, spread over two academic years, with a three- or four-month break for an internship. The first year includes core courses required of all MBAs. The second year allows for functional specialization (a specific concentration of study and elective courses).
- Students do not work full time during the program; school is considered their first priority.
- People often relocate to attend their full-time program of choice.
Company Sponsorship
Employers that sponsor MBA students give up their employees' services for the duration of the program.
- A global company might send a candidate for a total immersion experience (including cultural immersion) to another country that represents an important business market.
- A consulting firm or investment bank may require employees to earn a master's degree before they can be promoted. Some companies require a full immersion program with the option to return to the company upon completing the MBA. They may offer tuition reimbursement.
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