For many people, getting a master’s degree in the United States is their ambition. However, due to various factors, students may find enrolling in a two to three-year MBA program challenging. In those cases, students can apply for a 1 year MBA in USA to fulfil their desire to study overseas and start a successful career.
A 1 year MBA program in the United States is less expensive than a full-time one. Tuition for one-year MBA programs in the US ranges from USD 40,000 to USD 80,000. The one-year MBA admissions process typically starts in September or October. Depending on the university, international students can enrol in one-year MBA programs in the USA from January to early April.
What is a 1-Year MBA Program?
1 year MBA programs in USA provide the same qualifications in half the time at a significantly lower cost. There are much lower opportunity costs involved with leaving a job in a one-year MBA program. Due to differences in candidates’ job experience, the starting salary for one-year MBA graduates is often equivalent, or even somewhat greater, than for two-year graduates.
Why Consider a 1-Year MBA Program in the USA?
When deciding whether to enrol in a 1 year MBA in USA, take into account the following aspects before submitting your application:
● The accelerated 1-year MBA program in USA is intended for undergraduates with backgrounds in business or commerce.
● 1 year MBA programs in USA can lead to employment comparable to two-year MBA graduates.
● STEM OPT extension is an option for F-1 Visa holders enrolled in one-year MBA programs in the United States.
● It entitles individuals to work for up to three years in various jobs in the United States.
● Pursuing a one-year MBA degree is best if you plan to shift careers.
Eligibility Criteria To Study One-Year MBA in the USA for International Students
Starting a 1 year MBA program in USA is a big step for international students. But it’s important to know the requirements before embarking on this adventure. These requirements ensure that pupils are ready for the demanding classroom setting.
- Academic Requirements: A bachelor’s degree from a recognised university or its equivalent abroad is necessary. On a 4.0 scale (79–85%), the majority of US business schools require a minimum GPA of 2.5 to 3.0 or above.
- Work Experience: At least two to three years of work experience in the relevant field is necessary.
- English Language skills: Non-native English speakers are required to demonstrate their English language skills. The common exams and the required minimum scores for them are as follows:
- IELTS: A minimum score of 6.5.
- TOEFL: A minimum score of 90.
Document Requirement for 1 Year MBA in USA
Want to know what documents are required to study in USA? Following is a list of the common document requirements for admission to 1 year MBA in the US:
● Academic transcripts
● Statement of Purpose (SOP)
● Personal essay
● CV
● Proof of fund availability
● Academic and professional LOR(s)
● Professional experience (2 to 5 years minimum)
● Competitive GRE or GMAT score (Optional)
● English proficiency score, say IELTS or TOEFL.
Admission Process for 1 Year MBA in the USA
● Step 1: Select the course of study and relevant specialization you wish to take.
● Step 2: Research the best US institutions that offer the program you want to pursue.
● Step 3: Verify eligibility, due dates, and necessary supporting documentation.
● Step 4: Complete and submit the application.
● Step 5: Submit the required documents.
● Step 6: Wait for the admission decision.
What is the cost of studying for a One-Year MBA?
Understanding the expenses associated with pursuing a one-year MBA in the United States is an essential phase in the academic pursuit of overseas students. These include living expenses and other related charges in addition to tuition fees.
Tuition Fee: The cost of a one-year MBA in the United States can vary widely depending on the university and the particular program. Nonetheless, the annual cost typically falls between USD 40,000 to USD 80,000.
Living Expenses: The annual cost of living, which includes housing, food, and other essentials, can range from USD 10,000 to USD 15,000.
How to Pursue a 1-year MBA Program in USA without GMAT?
Although taking the GMAT (Graduate Management Admission Test) is essential for MBA programs, several colleges have realised that more accommodations and inclusive admissions procedures are needed. Because of this, many universities now offer 1 year MBA programs in USA without GMAT.
Many US universities provide waiver policies for the GMAT and GRE. Applicants with notable accomplishments, excellent academic records, or substantial professional experience are frequently given these waivers. These programs hope to draw in a wider range of applicants by eliminating the GMAT requirement and offering several routes to graduate business school.
Conclusion
In the USA, the admission requirements for one-year MBA programs are nearly the same as those for two-year MBA programs. The majority of US business schools offer numerous rounds of admission. Candidates for the 1 year MBA in USA are those who have studied business as an undergraduate and want to advance in their careers. You might look into various affordable business schools in the USA if you’d like to forego the conventional two-year MBA program.
