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The Growth in One-Year MBA Programs in America

One recurring theme in graduate management education these days is the growing popularity of one-year MBA programs, especially in the United States, where two-year programs have traditionally ruled. While it used to be that one could count American one-year and accelerated programs on one hand, every other month it seems that a new school announces such a program, or at least signals its intent to launch one.

While these schools are responding to market demand, these moves invite questions about whether or not companies will be as interested in the graduates they produce. While one-year programs tend to attract applicants with more full-time work experience and/or significant business training, as these programs become more common, some wonder if they will start to attract less experienced applicants who ultimately will have a hard time finding the types of high-paying jobs they want to pursue post-MBA.

For years only a handful of top-ranked American business schools have offered accelerated MBA programs, including Kellogg, Columbia, Cornell (Johnson), and Emory (Goizueta). These programs continue to be successful, so much so that some schools are doubling down on their one-year programs, including Kellogg. We expect to see more and more schools follow suit in the next several years. The market for graduate management education is a market, after all, with the sellers (schools) always thinking about how to evolve and meet the needs of the buyers (applicants). Even in education, the sellers need to innovate or risk falling behind.

Two obstacles that schools face as they try to launch compressed programs are the challenges that grads face in finding full-time work (for those who are not returning to their same jobs), and finding a way to make sure the program covers everything that an MBA grad needs to know. Perhaps the most common reason we try to talk clients out of applying to one-year programs is that they frequently underestimate how much work they’ll need to put into landing full-time jobs after they graduate. It’s easy to think that potential employers view all grads at a business school in the same way, and that simply having a degree from the school puts you on even footing with all of your classmates. But, you will be judged for all of the experience you gained before entering business school.

Employers know that you won’t learn everything in business school — even in a two-year program — and they expect that they will need to train you a great deal once you’re hired, anyway. So, they’re as interested in your professional experience and your working style as they are in what you know from your studies. If you only have a couple of years of experience, then compounding that with less classroom training may make you even less marketable as a potential hire. So, while we love the innovation we see in today’s business schools, be wary of pursuing a one-year MBA simply because it seems like a shortcut to a high-paying job. The less full-time work experience you have, the more we urge you to stick with a two-year program, no matter where you plan on pursuing your degree.

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Get to Know: INSEAD

Competitive European MBA applicants almost always are interested in INSEAD, and among U.S.-based applicants, INSEAD is almost always their first or second choice if they’re interested in earning an MBA abroad. This makes sense given the terrific international exposure that INSEAD students get at the school’s two campuses. What frequently surprises us, though, is how little applicants really know about the school, beyond that fact that it’s a highly-ranked program with a high profile around the world.

Are you thinking about applying to INSEAD? Here are five why INSEAD may be the perfect school for you to target for your MBA experience. While not all six of these need to describe you, the more these descriptions sound like you, the more likely you are to thrive at INSEAD:

You want to take advantage of multiple programs and opportunities in multiple countries
With INSEAD’s close partnership with Wharton and Kellogg and affiliations with major business schools in Asia and elsewhere, students are able to study at multiple premier graduate schools all while pursuing their INSEAD degree.

You want to work in a multinational company or you want to work overseas
This is a common profile for an INSEAD candidate and its unique program offers obvious advantages to candidates with goals in an international context. It can be somewhat more challenging for graduates to find jobs in the U.S. when coming out of INSEAD, although they can leverage the recruiting resources available at INSEAD’s partner schools like Wharton and Kellogg to gain a “home field advantage” in the job search process.

You have clear goals
With the need to hit the ground running on Day One at INSEAD, students don’t have much time to figure out what to do next. They should have career goals well defined in advance. If changing careers, then the January intake might be a more suitable option, and students need to be prepared to put in extra effort to secure the right internship to enable their transition.

You are headed to work in a family business
Only a few schools have resources devoted to the challenge faced by those taking over a family legacy (ESADE is another). INSEAD has a specialized Family Enterprise Challenge executive education program and faculty such as Christine Blondel have focused their research on multi-generational family business and the successor’s dilemma.

You are flexible and are comfortable with ambiguity
When applicants don’t even know where they’ll literally be going to school if accepted — Europe or Asia — they need to bring with them a resilience and a willingness to adapt, just to survive the admissions process. One sign of the maturity that INSEAD values in candidates is the ability to roll with the punches and be agile to change. The INSEAD program is so fast-paced and hectic that it might be a burden to someone who is ill prepared.

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Get to Know: Tuck School of Business

Tuck is quote popular among applicants we talk to, which is especially notable given the school’s small size. We are often disappointed, though, by how few Tuck applicants really know whether the school is good fit for them. We always urge these applicants to go back and do their homework a bit more before they begin the application process.

Are you thinking about applying to Tuck? If so, how do you know the Tuck admissions team will think you’re a good fit for the school? Today we look at four things that make the Tuck School of Business unique among top-ranked business schools:

Small classes, personal attention
Partly because of the remote location, and partly because of the small class size, Tuck has a smaller full-time resident faculty (less than 50) with fewer adjunct professors than other schools. However, the small class size also benefits the students, with a student/teacher ratio of about 10:1. The intimacy of the community is also enhanced by the fact that most first-year students live in dormitories on campus. (If you want to see what the Tuck dorms look like, check out the tour on the school’s YouTube channel.) This arrangement is not common at other full-time programs, where students tend to be more spread out, especially those in cities like New York and Chicago. Another novelty at Tuck that fosters relationships among the class? The first-year study groups rotate regularly, rather than remaining fixed, the way they typically are elsewhere.

Strong emphasis on professional experience
While some other business schools in its backyard have been welcoming younger and younger students, Tuck has held steadfast on its requirement for significant work experience prior to matriculation. The average age of a first-year is 28, and not a single person entered Tuck straight from college this year; 100% have some work experience. It’s possible for a college senior to apply to Tuck, though if accepted, it’s also likely that deferred admission would be offered, to matriculate in a few years’ time.

Dedication to diversity
Tuck’s Minority Business Executive was the first diversity-focused program of its kind. Tuck launched this initiative over 30 years ago, and the school remains dedicated to attracting students across all ethnographic and demographic spectrums. Tuck sponsors a by-application Diversity Conference in the Fall (they cover the cost of attendance for those accepted — and there’s a similar by-application Women in Business Conference as well). Tuck participates in conferences hosted by National Black MBA, National Hispanic MBA, and Reaching Out MBA (for the LGBT community). And, Tuck is the highest-ranked member of The Consortium for Graduate Study in Management, which is a long-standing program that encourages and facilitates minority candidates for business school. All that being said, Tuck still seems to have trouble attracting minorities compared to some of its peers, with just 19% of Tuckies being U.S. minorities. The proportion of minority faculty is slightly better, at 21% (commendably, Tuck is among the few programs who bother to report this latter statistic). Tuck also adds diversity to the classroom by encouraging international students — and encouraging U.S. employers to hire their international students, through deliberate education to recruiters to demystify visa requirements, and focused outreach on the behalf of these international students.

Strong, consistent leadership
With 15 years of tenure, the dean of Tuck, Paul Danos, has been running the show for much longer than his counterparts at other schools. Many top business schools have gone through transition periods of late as they adapt to changed leadership and find their direction anew. The continuity here — and a leader who has already weathered multiple economic cycles and knows how to keep the school moving forward despite the challenges — can provide advantages for students at Tuck.

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