1 Year MBA in USA for International Students: Universities & Fees

Why Choose a 1 Year MBA in the USA?

Doing an MBA is a strategic move for anyone who wants to boost their career to the next level. A 1 year MBA in the USA expands this direction and presents students with an opportunity to get this valuable degree in a shorter time. In this article I will be discussing about one year MBA programs, discussing about few universities offering fast track MBA in USA, the fees details and the way to apply for International students.

Accelerated Learning

One year MBA programmes are basically calculated to provide the intensity of an MBA course in a minimum amount of time. This enables the students to perform a skills and competence upgrade, and secure a place in the workplace within a short span of time.

Cost-Effective

a 1 year MBA in USA can be cheaper than traditional MBA that takes two years to complete. Students pay way less for tuition as well living costs and therefore the costs incurred are less.

Enhanced Career Opportunities

Some programs such as the Fast track MBA programmes in USA are commonly associated with experienced professionals and the network that comes with it is usually well developed. Graduates are in a position to advance in their careers easily once they acquire new credentials.

Flexibility for International Students

Most of the one year MBA universities across the United States provide highly flexible structures and comprehensive services to international learners in order to ease their transitions in the new learning system.

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Top One Year MBA Programs in the USA

1. Kellogg School of Management, Northwestern University

Location: Evanston, Illinois

Program Overview: Kellogg’s One-Year MBA one year program is for students with prior business experience. It commences in June and encompasses intensive learning throughout the summer quarter.

Key Features:

• Experiential learning
• Strong alumni network
• Chances to go global

2. Johnson Graduate School of Management, Cornell University

Location: Ithaca is a city in the U.S state of New York.

Program Overview: One-Year MBA Programme at Cornell is a fast track programme for working professional having a master’s degree or any other certification. The program places a great importance on persons who can become leaders and those who design innovations.

Key Features:

• Leadership expeditions
• Industry-specific immersions
• Gain access to so many resources available in Cornell.

3. USC Marshall School of Business, University of Southern California

Location: Los Angeles is the largest city in California as well as in the surrounding area.

Program Overview: The One-Year MBA is offered at the Marshall School of Business in University of Southern California and is designed for mid career managers who wish to improve their leadership skills in international organizations.

Key Features:

• Consulting in the global business environment
• Significant concern with the creation of new knowledge and successful ventures
• Sample-forms of professional development resources

4. Goizueta Business School, Emory University

Location: Atlanta, Georgia

Program Overview: One-Year MBA at Emory is offered to students under one year and focuses on students with academic background and work experience. It has a summer internship incorporated into the program.

Key Features:

• Leadership and professional development
• Community and diversity

5. Foster School of Business, University of Washington

Location: Seattle, Washington

Program Overview: There is the Foster’s Accelerated MBA program that provides a short-term intensified educational process that centers on leadership and strategic perspectives.

Key Features:

• Stress on Technology and innovation
• Seattle’s liveliness as a business hub
• Collaborative learning environment

Fees and Costs for 1 Year MBA Programs

Tuition Fees

One year MBA tuition fee differs among various universities in the USA. Total tuition costs can cost between $70, 000 and $120, 000 depending on the institution that the student is attending.

Additional Costs

Living Expenses: This includes; accommodation, food bills, transport and any other incidental expenses that may occur in the during the research. Therefore, the costs of living differ depending on the location of the respective universities.

Books and Supplies: Expenses that are usually incurred are, cost of text books, course materials and supplies that the students will have to buy.

Health Insurance: The cost may also include the fees for health insurance which many universities insist that international students’ should have.

Financial Aid and Scholarships

Universities in the USA provides tuition fee and financial grants for MBA study and different scholarships. These options should be looked at by International students and the students should apply early so as to be awarded the money.

Application Process for International Students

Eligibility Requirements

• Academic Qualifications: Having completed a course or set of courses in a bachelor’s degree course/credit from an accredited institution.
• Work Experience: A vast majority of one year MBA programs have a initiation of several years of organizational experience.
• Standardized Tests: Official Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) scores are mandatory but sometimes it is possible to get a waivers.
• English Proficiency: International students are required to take proficiency tests in English as are the TOEFL or IELTS tests for foreign citizens.

Application Components

• Online Application: Fill up the online application form of university.
• Transcripts: All applicants must submit transcripts from all the schools attended previously; official copies only.
• Letters of Recommendation: Submit letters from professionals or academics such as former teachers, mentors, etc.
• Resume: Put in a comprehensive curriculum vitae that captures their working experience and accomplishments.
• Essays: Complete the writing of personal statements or essays as and when needed in the course.
• Interview: Depending on the program some students are required to undertake an interview for them to be admitted into that particular course.

Visa Requirements

Any foreign student desiring to pursue a course in a USA institution has to apply for a student visa, most often a student F-1 visa. This process involves:

• Successful admission at the university to enable one get an I-20 form.
• SEVIS Fee is required to be paid by the students and this fee has to be paid PRIOR to issuance of SEVIS Form I- 20.
• Booking of a visa interview in any of the US embassy or consulate and attending the interview.

Conclusion

A 1-year MBA program, if done in the USA can be quite a leap towards the enhancement of your career. This way a clear knowledge of the options and the conditions provides the international students with right tools to achieve the goals in the application process and the choice of the educational path.

For more assistance, please visit our study abroad consultancy services and explore our wide range of offerings for students interested in studying in the USA, studying in the UK, studying in Canada, studying in Australia, studying in Ireland, and many other countries.

FAQs

1. What are the advantages of a 1 year MBA in the USA?
A one year MBA is far less time consuming, cheaper and is a shorter route to a Masters degree and therefore it is preferred among the working professionals.

2. How competitive are one year MBA programs in the USA?
Unlike executive MBA programs which take one and half to two and half years to complete, one year MBA programs are very competitive and applicant screening often involve previous academic performance, work experience and standard test scores.

3. Are there opportunities for internships in one year MBA programs?
While few programs offer internships as part of the learning process, for instance, Emory’s One-Year MBA program, they help in the provision of practical learning.

4. How important is the GMAT/GRE for admission?
The GMAT /GRE scores are part of the application but most of the programs expect applicants to provide waivers in experience or any other reason.

5. What are the living costs for international students in the USA?
Cost of living depends on the country, and the expenses include rent/housing, food, transport, and other personal needs ranging from $20000 to $40000 per year.