Which MBA? Less For More

THE worldwide creep towards shorter full-time MBA programmes continues. Earlier this year, Kellogg School of Management bolstered its one-year programme, further challenging the domination of the two-year model in America (although it continues to offer the traditional two year version as well). Now, in Australia, another bastion of the two-year MBA, Melbourne Business School is cutting the length of its full-time MBA from 16 to 12 months.

One reason that is often given for offering shorter MBAs is that students, and particularly the Asian students on whom many business schools are coming to rely to fill their classrooms, are now more conscious of the opportunity cost of spending longer out of the workplace. One-year MBAs are supposed to save money on both sides of the proposition. Not only is the time spent living without a salary shorter, but also less time spent at a business school should mean a lower tuition fee; an important consideration given how much these programmes cost. Read More...