One year MBA programs have often been considered an anomaly: a shortcut to an MBA, often relegated to older individuals who are not always looking for a dramatic career shift. However, with the recent surge of top MBA programs including INSEAD, LBS, and other European schools dominating the MBA rankings game and many domestic US schools offering 1 year versions of their own program, one year MBAs have gained in popularity.
Belittled as a quickie, one-year full-time MBA programs are not the same thing as the traditional postgraduate management programs offered by IIM and the likes. But they are ideal for professionals who are budget-conscious, and don’t have much time for business fundamentals courses of the traditional course, since they may already have an undergraduate management education or significant amount of business exposure.
So without further adieu lets explore the Top One Year MBA Programs in the world (in no particular order).
1. INSEAD: With three fully-integrated campuses in Europe, Asia and the Middle East, and over 90 different nationalities in the classroom, INSEAD is rightfully called ‘The Business School of the World’. INSEAD’s quality can be gauged from the fact that its Global MBA program is accredited by the holy trinity of AMBA, EQUIS & AACSB.
The accelerated 10-month curriculum develops successful, thoughtful leaders and entrepreneurs who create value for their organisations and their communities. At $69,700 for tuition and fees, it is one of the best-value business schools in the world with its graduates recording an average salary of $121,800.
2. London Business School: London Business School is the first UK institution in the top 10 this year. The school is based in one of the world’s main financial capitals, with 100% of the world’s leading financial institutions represented in the city, and three quarters of the top 500 global companies using it as their base and thus serves as a recruitment goldmine.
It comes third for employability this year, fourth for entrepreneurship and alumni outcomes, seventh for thought leadership and 12th for diversity. One of the most coveted B-School names on the resume, its MBA programme is triple-accredited by AMBA, EQUIS & AACSB.
3. HEC Paris: Since its founding in 1881 by the Paris Chamber of Commerce and Industry, HEC Paris has become one of the most selective graduate schools in Europe. Its alumni have gone on to run Fortune Global 500 companies like Best Buy, Havas, Michelin, and L’Oréal.The famous institution is among the most selective of the grandes écoles, and for good reason. Along with Harvard, it tops the polls in terms of employability and also comes first for diversity – with an international student rate of 92%.
Ninety percent of students accept job offers within 90 days of graduation with an average starting salary of $87,000.
4. Said Business School, Oxford University: The AACSB & EQUIS accredited one-year MBA programme at Oxford comprises an intensive series of stimulating lectures, energetic seminars, intensive small group work, and team project work, which can take students anywhere in the world.
The institution is placed 11th in the world for diversity and second for thought leadership.One of the most innovative features are its Student Treks, wherein many students during their year in Oxford travel to a certain part of the world for a week or two to meet potential recruiters and alumni, gaining a firsthand understanding of what it’s like to do business there.
5. Judge Business School, Cambridge University: The University of Cambridge’s Judge Business School is one of the UK’s leading MBA providers. Founded in 1990, the school is relatively young, but draws on centuries of academic excellence at the wider university. This connection gives the one-year Cambridge MBA program a distinctly academic flavor, with the stated goal of “transforming individuals, organizations and society”.
The combination of academic and practical education gives Cambridge MBA students strong leadership skills and the confidence to transform organizations according to a responsive vision. As a result, 92% of Cambridge MBA students find employment within three months of graduation, with an average salary of just under £100,000 (US$133,000).
6. IE Business School: IE Business School is a highly presitgious institution based in Spain. The school is ranked 10th for diversity, alongside HEC Paris. Not only that IE also ranks 6th for entrepreneurship and 14th for employability. At $ 78,000 it is one of the best value business schools with 89% of its graduates finding employment within three months of graduation with an average salary of $97,846.
7. Kellogg School of Management, Northwestern University: The one-year MBA course at Kellogg School of Management is one of the most reputed and prestigious program to get into. Starting in June, experiential learning and world-class faculty are the highlights of the one-year Kellogg MBA, along with the flexibility it provides students to overstep core courses and go straight to the electives that are in tune with their future plans.
The tuition is $91,700. The average salary three years after graduation was $163,000 (a gain of 93 percent).
8. Imperial College, London: Imperial College’s MBA can be called ‘Imperial’in the truest sense as it is accredited by the holy trinity of AMBA, EQUIS & AACSB. The one-year full-time MBA combines academic rigour and practical relevance, providing a careful balance between teaching and learning and individual and group work. 90% of its graduates are employed within three monts of graduation with an average starting salary of $113,000.
9. IMD,Switzerland: The IMD full-time MBA is a selective and transformational general management program over one year, where participants develop leadership skills based on technical competence, self-awareness, and moral judgment.
IMD trains 8,000 executives each year, with over 70% of alumni in upper-management positions, and at board and/or committee level. Post-graduation, 79% of students are employed within three months, with an average salary of US$156,648, representing an increase of 81%.
10. SDA Bocconi, Italy: The SDA Bocconi Full-Time MBA (Master of Business Administration) is a one-year program with a practical and innovative curriculum, catering to the realities of the marketplace by encouraging students to go beyond conventional business models through creative thinking and responsible problem-solving.
The business school is only one of the few schools worldwide to hold the “triple crown” having been accredited by three international accreditation associations: AACSB, EQUIS and AMBA. SDA Bocconi is immensely popular among recruiters and companies, this can be gauged from the fact that 89% of its graduates find employment within three months of graduation.
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